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

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Purchase 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, hire someone to restock the machines for you and youve got your own business going. .

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

Start a YouTube channel. Even though the YouTube space is competitive, theres little overhead cost to get started. In case 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.

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License your own photos. If you have a natural eye for photography, consider selling your photos to stock photography sites. Once approved, youll earn royalties whenever a customer downloads one of your photos.

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

Create website templates. If you fancy yourself an HTML wiz, designing and offering website 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 graphic design files like icons or templates of all kinds.

Publish an ebook. Have you got a story youre itching to tell Writers no longer need to wait for the attention of a publisher to release their work. If you advertise your book nicely pop over to this web-site (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 help companies or video founders looking for high quality audio.

Sell digital artwork files. To lower 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 houses 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 Create an eCourse! Whatever you love, theres an audience out there.

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Record a video program. Similar to e-courses, you will find endless options for movie course subjects. 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 create a passive income by simply selling your lesson plans online to other educators. Its something youre doing already, so why not share the knowledge

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

Sign up for cash back credit cards. Many credit cards offer some type of cash back benefits, but finding one which delivers the most rewards for your lifestyle is the key 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 have to do is push aroundwhich youre probably doing anyway!

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

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

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

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