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License a business idea. If you have a fantastic idea for a business or product, but dont have time to start it yourself, then consider licensing that thought. 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 actually owns all of those vending machines, but the vending machine business can be a rewarding passive income source! Once you find the appropriate place, employ someone to restock the machines to you and youve got your own business going. .

Start home or pet sitting. This one is a kind of hybrid vehicle 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 additional cash.

Begin a YouTube channel. Even though the YouTube space is aggressive, theres small overhead cost to begin. In case youre passionate about your chosen niche and provide value to your viewers, advertisement placements and sponsorship opportunities can help you earn a substantial passive income.

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

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

Create templates. If you fancy yourself an HTML wiz, designing and offering site templates for bloggers or e-commerce sites might 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 web graphic design documents such as icons or templates of all kinds.

Publish an ebook. Have you got a story youre itching to inform Writers no longer have to wait for the attention of a publisher to release their work. If you advertise your book nicely (think social websites ), self-publishing an ebook will earn you plenty of residual earnings.

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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 expenses and minimize supply chain logistics, design a piece of artwork or photography and offer a digital download for a lesser cost. Many people are looking to furnish their houses on a budget and could happily print the art themselves.

Make an eCourse. An eCourse can be address 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 Create an eCourse! Anything you love, theres an audience on the market.

Record a video program. Very similar to see here e-courses, there are endless options for movie course topics. Video as a medium delivers a personal connection and 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 create a passive income by simply selling your lesson plans online to additional teachers. Its something youre doing , so why not share the knowledge

Make 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 some type of money back benefits, but finding one that offers 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 advertisement space on your vehicle. All you need to do is push aroundwhich youre probably doing anyway!

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

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

Shop with money 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.