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License a business thought. If you have a great idea for a business or product, but dont have time to start it yourself, then consider licensing which thought. Interested companies are willing to pay royalties in exchange for the right to use your idea.
Start house or pet sitting. This one is a kind of hybrid vehicle passive/active income source, but if youre going to be hanging out at home doing nothing, why not get paid to do it someplace else Watch someones house and pets while theyre on vacation for a little extra money.
Start a YouTube channel. Although the YouTube space is competitive, theres little overhead cost to get started. In case youre passionate about your chosen niche and supply value to your audiences, advertisement placements and sponsorship opportunities can help you earn a sizeable passive income.
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License your photos. When you have a natural eye for photography, consider selling your photographs to stock photography sites. Once approved, youll earn royalties whenever a customer downloads one of your own photos.
Design t-shirts or other goods. Create fun and trendy graphics for e-commerce websites like Zazzle or CafePress to place on all sorts of products from t-shirts to mugs. Production is taken good 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 great 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. Have you got a story youre itching to tell Writers no longer need to await the attention of a publisher to release their job. If you market your book nicely (think social media), 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 help companies or movie founders looking for high-quality sound.
Sell digital artwork files. To lower 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 houses on web a budget and could happily print the art themselves.
Create an eCourse. An eCourse can be about anything youre passionate about. Have a lot of knowledge about digital marketing Produce an eCourse! Are you an expert in the subject of bird watching Create an eCourse! Whatever you love, theres an audience on the market.
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Sell a lesson plan. If youre a teacher you can make a passive income simply by selling your lesson plans online to other educators. Its something youre doing , so why not talk about the knowledge
Make an online guide. If youre an expert in your field 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 car. All you need to do is drive aroundwhich youre probably doing anyway!
Participate in research studies. Get paid to allow researchers track 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 that needs little to no effort.
Rent a room in your home. If you presently have an excess room in your house, rent it out. You can earn additional money with just some basic hospitality.
Shop with cash back sites. Shopping through sites which offer cash back rewards can be as powerful as couponing, if not more! Just shop as you normally would and earn money on your purchases.