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Start house or pet sitting. This one is a sort 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 house and pets while theyre on vacation for a little extra cash.

Start a YouTube channel. Although the YouTube area is competitive, theres small overhead cost to begin. In case youre passionate about your chosen niche and supply value to your viewers, advertisement placements and sponsorship opportunities can help you earn a substantial passive income.

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

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Design t-shirts or other goods. Create fun and trendy images for e-commerce websites like Zazzle or even CafePress to place on all sorts of merchandise from t-shirts to mugs. Production is taken good 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 documents. Even amateur graphic designers can earn a passive income by designing and selling graphic design files such as icons or templates of all kinds.

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Publish an ebook. Have you got a story youre itching to tell Writers no longer have to wait for 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.

License music. For the musically inclined, licensing music, especially instrumental tracks, can generate a decent passive income and help companies or movie creators looking for high quality audio.

Sell digital art files. To lower 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 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 subject of bird watching Create an eCourse! Anything you love, theres an audience out there.

Record a video program. Similar to e-courses, you will find endless options for video course subjects. Video as a medium delivers 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 create a passive income by simply selling your lesson plans online to other educators. Its something youre doing , so why not talk about 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 guide for it.

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

Participate in research studies. Get paid to let researchers track 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 home. If you already have an extra space in your house, rent it out. You can make extra money with just some simple hospitality.

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Shop with cash back sites. Shopping through websites which provide cash back benefits can be as effective as couponing, if not more! Simply shop as you normally would and earn rebates 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 jobs is often a one-time usage for most people. Youll earn some money and other folks are going to have the ability to use your resources to get 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 it all worthwhile. The money that you earn from passive income will undoubtedly have you well on your way to achieving your financial goals and much closer to true financial freedom.

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