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Start home or pet sitting. This one is a kind of hybrid passive/active income source, but if youre going to be hanging out at home doing nothing, why not get paid to do it somewhere else Watch someones house and pets while theyre on vacation for a little extra money.

Start a YouTube channel. Although the YouTube area is competitive, theres little overhead cost to begin. If youre passionate about your chosen niche and supply value to your viewers, ad placements and sponsorship opportunities can help you earn a substantial passive income.

License your photos. In case you've got a natural eye for photography, consider selling your photos to stock photography websites. Once approved, youll earn royalties every time a client downloads one of your own photos.

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Design t-shirts or other goods. Create fun and trendy graphics for e-commerce sites like Zazzle or CafePress to put on all sorts of products from t-shirts to mugs. Production is taken care of and youll earn a commission on the goods offered.

Create website templates. If you fancy yourself an HTML wiz, designing and offering site templates for bloggers or e-commerce sites could be a great source of passive income for you.

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Sell graphic design files. Even amateur graphic designers can earn a passive income by designing and selling graphic design documents like icons or templates of all kinds.

Publish an ebook. Have you got a story youre itching to tell Writers no longer need to await the attention of a writer to release their job. If you advertise your book nicely (think social websites ), self-publishing an ebook will earn you plenty of residual sales.

License music. For the musically inclined, licensing music, especially instrumental tracks, can generate a decent passive income and assist companies or movie founders looking for high-quality sound.

Sell digital art files. To reduce overhead costs and minimize supply chain logistics, design a piece of art or photography and extend a digital download for a lesser cost. Many people are looking to furnish their homes on a budget and would happily print the artwork themselves.

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Create an eCourse. An eCourse can be about anything youre passionate about. Have a great deal of knowledge about digital marketing Produce an eCourse! Are you an expert in the subject of bird watching Produce an eCourse! Anything you love, theres an audience on the market.

Record a video course. Very similar to e-courses, there are endless options for movie course subjects. Video as a medium offers a personal connection and also a different way to learn, making it an equally viable option.

Sell a lesson plan. If youre a teacher link you can make a passive income by simply selling your lesson plans online to other educators. Its something youre doing already, so why not share the knowledge

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Make an online guide. If youre an expert in your area or possess in-depth knowledge of how something works or how to correct something, you can compose a manual for this.

Sign up for cash back credit cards. Many credit cards offer some sort of money back benefits, but finding one that delivers the most rewards for your lifestyle is the key to maximizing your return.

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Advertise on your vehicle. Some companies will pay money for advertisement space on your vehicle. All you have to do is drive aroundwhich youre probably doing anyway!

Engage in research studies. Get paid to allow researchers monitor anything from the shopping habits to you sleeping patterns. In case youre comfortable sharing this information, it can be a great source of passive income which needs little to no effort.

Rent a room in your house. If you already have an excess room in your house, rent it out. You can earn additional money with just some simple hospitality.

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Shop with cash back sites. Shopping through websites that provide cash back benefits can be as powerful as couponing, if not more! Simply shop as you normally would and earn rebates on your purchases.

Rent your own stuff. Have you got random equipment this website filling your garage that you rarely use Rent it all out! Specialized equipment for lawn maintenance or home improvement projects is often a one-time usage for most people. Youll earn some money and other people are going to have the ability to use your resources for a fraction of the cost of buying them outright. .

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Launching a side business or figuring out how to invest your money when youre strapped for time isnt easy, Full Article but the payoff makes everything worthwhile. The money that you earn from passive income will undoubtedly get you well on your way to achieving your financial objectives and that much closer to true financial freedom.