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License a business thought. If you have a fantastic idea for a business or product, but dont have time to start it yourself, consider licensing that thought. 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 owns all of 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 home or pet sitting. This one is a sort 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.

Begin a YouTube channel. Although the YouTube area is aggressive, theres small 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 sizeable passive income.

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

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

Create 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 inform Writers no longer have to wait for the attention of a writer to release their job. If you advertise your book well (think social media), 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 founders looking for high-quality audio.

Sell digital art files. To reduce overhead costs 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 homes on a budget and would happily print the artwork themselves.

Make 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 field of bird watching Produce an eCourse! Whatever you love, theres an audience on the market.

Record a video course. Very similar to e-courses, there are endless options for movie course topics. 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 make a passive income simply by selling your lesson plans online to other teachers. Its something youre doing already, so why not talk about the knowledge

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

Sign up for cash back credit cards. Many credit cards offer you some type of money back benefits, but finding one that offers the most rewards for your lifestyle is the key to maximizing your return.

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

Engage in research studies. Get paid to allow researchers monitor anything out of the shopping habits to you sleeping patterns. In case youre comfortable sharing weblink this information, it can be a great source of passive income that requires little to no effort.

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

Shop with money back sites. Shopping through sites 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.