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License a business idea. In case you've got a fantastic idea for a business or product, but dont have time to start it yourself, consider licensing that idea. Interested companies are willing to pay royalties in exchange for the right to use your idea.

Purchase a vending machine business. Youve probably never thought twice about who owns all of those vending machines, but the vending machine business can be a lucrative passive income source! Once you find the right place, hire someone to restock the machines to you and youve got your own business going. .

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

Begin a YouTube channel. Even though the YouTube space is competitive, theres small overhead cost to get started. If youre passionate about your chosen niche and supply value to your viewers, advertisement placements and sponsorship opportunities can help you earn a substantial passive income.

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License your own photos. When you have a natural eye for photography, then consider selling your photographs to stock photography sites. Once approved, youll earn royalties each time a client downloads one of your own photos.

Design t-shirts or other products. Create fun and trendy graphics for e-commerce websites like Zazzle or even 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 sold.

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

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

Publish an ebook. Do Read More Here you have a story youre itching to tell Writers no longer need to await the attention of a writer to release their job. Should you advertise your book well (think social media), self-publishing an ebook will earn you plenty of residual sales.

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

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

Make an eCourse. An eCourse can be about anything youre passionate about. Have a great deal of knowledge about digital marketing Create 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 program. Very similar to e-courses, you will find endless options for video course topics. Video as a medium delivers a personal connection and also a different way to learn, making it an equally viable option.

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

Create an online guide. If youre an expert in your area or possess in-depth knowledge of how something works or how to fix something, you can compose a guide for it.

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

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

Engage in research studies. Get paid to let researchers track anything from the shopping habits to you sleeping patterns. If youre comfortable sharing this information, it can be a great source of passive income that requires little to no effort.

Rent a room in your home. If you already have an extra space in your home, rent it out. You can earn additional money with only some simple hospitality.

Shop with cash back sites. Shopping through sites which offer cash back benefits can be as effective as couponing, if not more! Just shop as you normally would and earn money on your purchases.