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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 aggressive, theres little overhead cost to get started. If 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.

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

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Design t-shirts or other goods. Create fun and trendy graphics for e-commerce sites like Zazzle or even CafePress to put 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 website templates. If you fancy yourself an HTML wiz, designing and offering website templates for bloggers or e-commerce websites 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 documents like icons or templates of all kinds.

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Publish an ebook. Have you got a story youre itching to inform Writers no longer need to wait for the attention of a writer to release their work. If you advertise your book well (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 creators looking for high-quality audio.

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

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Create 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 field of bird watching Create an eCourse! Anything you love, theres an audience out there.

Record a video course. Very similar to e-courses, there are endless options for movie course subjects. Video as a medium offers a personal connection and also a different way to learn, making it an equally viable option.

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

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Create 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 write a manual for this.

Sign up for cash back credit cards. Many credit cards offer you some type of cash back benefits, but finding one which 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 car. All you need to do is drive aroundwhich youre probably doing anyway!

Participate in research studies. Get paid to let 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 which needs little to no effort.

Rent a room in your house. If you already have an extra room in your house, rent it out. You can make extra money with only some simple hospitality.

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Shop with money back sites. Shopping through sites which 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.

Rent your stuff. Do you have random equipment filling your garage that you you can try these out rarely use Rent it all out! Specialized equipment for lawn maintenance or home improvement jobs is often a one-time usage for the majority of people. Youll make some money and other people will be able to use your tools for a fraction of the cost of buying them . .

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Launching a negative 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 have you well on your way to achieving your financial goals and that much closer to true financial freedom.

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