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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, consider licensing that idea. Interested companies are willing to pay royalties in exchange for the right to use your idea.

Buy a vending machine business. Youve probably never thought twice about who actually owns all those vending machines, but the vending machine business can be a lucrative passive income source! Once you find the appropriate spot, employ someone to restock the machines to you and youve got your own business going. .

Start home or pet sitting. This one is a sort 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 someplace else Watch someones home and pets while theyre on vacation for a little additional cash.

Begin a YouTube channel. Although the YouTube space is aggressive, theres little overhead cost to get started. In case youre passionate about your chosen niche and supply value to your audiences, ad placements and sponsorship opportunities can help you earn a substantial passive income.

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

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

Create website templates. If you fancy yourself an HTML wiz, designing and offering site templates for bloggers or e-commerce websites could be a fantastic 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 have to await the attention of a writer to release their work. If you market your book nicely (think social websites ), 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 assist companies or video creators 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 men and women are looking to furnish their homes on a budget and would happily print the art themselves.

Make 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 Create an eCourse! Anything you love, theres an audience out there.

Record a video course. Similar to e-courses, you will find endless options for movie course topics. Video as a medium offers 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 simply by selling your lesson plans online to other educators. Its something youre doing already, so why click site not share the knowledge

Create an online guide. If youre an expert in your area or have 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 which delivers the most rewards for your lifestyle is the secret to maximizing your return.

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

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

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

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