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License a business thought. If you have a fantastic idea for a business or product, but dont have enough time to start it yourself, consider licensing which thought. Interested companies are willing to pay royalties in exchange for the right to use your idea.
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 home and pets while theyre on vacation for a little additional money.
Begin 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 audiences, ad placements and sponsorship opportunities can help you earn a sizeable passive income.
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License your own photos. When you have a natural eye for photography, consider selling your photos to stock photography websites. 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 put 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 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 such as icons or templates of all kinds.
Publish an ebook. Have you got a story youre itching to tell Writers no longer have to await the attention of a writer he has a good point to release their job. Should you market your book well (think social media), 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 movie founders looking for high quality audio.
Sell digital artwork files. To reduce overhead costs and minimize supply chain logistics, design a piece of artwork or photography and extend a digital download for a lesser cost. Many men and women are looking to furnish their houses on a budget and would happily print the art themselves.
Create 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 Create an eCourse! Whatever you love, theres an audience on the market.
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Sell a lesson plan. If youre Learn More Here a teacher you can create a passive income simply by selling your lesson plans online to additional teachers. Its something youre doing already, so why not talk about the knowledge
Make an online guide. If youre an expert in your area or possess 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 you 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 ad space on your vehicle. All you need to do is drive aroundwhich youre probably doing anyway!
Participate in research studies. Get paid to allow researchers track anything from the shopping habits to you sleeping patterns. If youre comfortable sharing this information, it can be a great source of passive income which requires little to no effort.
Rent a room in your home. If you already have an excess room in your house, rent it out. You can earn additional money with only some basic hospitality.
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.