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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 someplace else Watch someones home and pets while theyre on vacation for a little extra money.

Begin a YouTube channel. Although the YouTube area is competitive, theres little overhead cost to get started. If youre passionate about your chosen niche and provide value to your audiences, advertisement placements and sponsorship opportunities can help you earn a substantial passive income.

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

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Design t-shirts or other products. Create fun and trendy images for e-commerce websites like Zazzle or even CafePress to place on all kinds 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 site templates for bloggers or e-commerce sites 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 files such as icons or templates of all kinds.

Publish an ebook. Do you have a story youre itching to inform Writers no longer need to await the attention of a publisher to release their job. Should you advertise your book nicely (think social websites ), self-publishing an ebook will earn you plenty of residual earnings.

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 audio.

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

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Make an eCourse. An eCourse can be about anything youre passionate about. Have a lot of knowledge he has a good point about electronic marketing Create an eCourse! Are you an expert in the field of bird watching Produce an eCourse! Whatever you love, theres an audience on the market.

Record a video course. Similar to e-courses, you will find endless options for movie course subjects. Video as a medium offers a personal connection and a different way to learn, making it an equally viable option.

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 already, so why not talk about the knowledge

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Create an online guide. If youre an expert in your field or have in-depth knowledge of how something works or how to fix something, you can write a manual for it.

Sign up for cash back credit cards. Many credit cards offer some sort of money back benefits, but finding one which delivers the most rewards for your lifestyle is the secret to maximizing your Get More Information 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 push aroundwhich youre probably doing anyway!

Participate in research studies. Get paid to allow 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 which requires little to no effort.

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

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

Rent your stuff. Do you have random equipment filling your garage that you seldom use Rent it all out! Specialized equipment for lawn maintenance or home improvement projects is often a one-time usage for most people. Youll make some money and other folks are going to have the ability to use your tools for a fraction of the cost of buying them . .

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