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Start home 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 somewhere else Watch someones house and pets while theyre on vacation for a little additional money.

Start a YouTube channel. Although the YouTube space is aggressive, theres little overhead cost to get started. If youre passionate about your chosen niche and provide value to your viewers, ad placements and sponsorship opportunities can help you earn a substantial passive income.

License your photos. In case you have a natural eye for photography, consider selling your photographs 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 products. Create fun and trendy graphics for e-commerce websites like Zazzle or even CafePress to put on all kinds of products from t-shirts to mugs. Production is taken care of and youll earn a commission on the goods offered.

Create templates. If you fancy yourself an HTML wiz, designing and offering website templates for bloggers or e-commerce websites 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 documents such as icons or templates of all kinds.

Publish an ebook. Have you got a story youre itching to tell Writers no longer need to await the attention of a publisher to release their work. If you advertise your book well (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 founders looking for high quality sound.

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

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Make an eCourse. An eCourse can be about anything page 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 Produce an eCourse! Whatever you love, theres an audience out there.

Record a video program. Very similar to e-courses, you will find 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.

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 , so why not share the knowledge

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Make 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 compose a manual for this.

Sign up for cash back credit cards. Many credit cards offer you some type of money back benefits, go to my blog but finding one that delivers 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 youre probably doing anyway!

Engage in research studies. Get paid to allow researchers track anything out of your shopping habits to you sleeping patterns. If 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 presently have an excess room in your house, rent it out. You can earn extra money with only some basic hospitality.

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

Rent your own stuff. Do you have random equipment filling your garage that you rarely use Rent it out! Specialized equipment for lawn maintenance or home improvement jobs is often a one-time use for the majority of people. Youll earn some money and other people will be able to use your tools to get a fraction of the price 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.