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License a business thought. If you have a great idea for a business or product, but dont have enough time to start it yourself, consider licensing which idea. Interested companies are willing to pay royalties in exchange for the right to use your idea.
Start house 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 somewhere else Watch someones home and pets while theyre on vacation for a little additional money.
Begin a YouTube channel. Although the YouTube area is aggressive, theres small overhead cost to begin. 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. If 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.
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 goods sold.
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 documents. Even amateur graphic designers can earn a passive income by designing and selling graphic design documents like icons or templates of all kinds.
Publish an ebook. Do you have a story youre itching to tell Writers no longer need to wait for the attention of a publisher to release their job. If you advertise your book nicely (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 assist companies or video creators looking for high quality sound.
Sell digital artwork files. To reduce overhead expenses and minimize supply chain logistics, design a piece of artwork or photography and offer a digital download for a lesser cost. Many men and women are looking to furnish their homes on a budget and could happily print the artwork themselves.
Make an eCourse. An eCourse can be about anything youre passionate about. special info Have a lot of knowledge about electronic marketing Create an eCourse! Are you an expert in the subject of bird watching Produce an eCourse! Whatever you love, theres an audience on the market.
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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
Make an online guide. If youre an expert in your area or have in-depth knowledge of how something works or how to fix something, you can compose a guide for this.
Sign up for cash back credit cards. Many credit cards offer you some sort of money back benefits, but finding one which delivers the most rewards for your lifestyle is the key to maximizing your return.
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Advertise on your vehicle. Some companies will pay money for ad space on your vehicle. All you have to do is drive aroundwhich youre probably doing anyway!
Participate in research studies. Get paid to allow researchers monitor anything from your shopping habits to you sleeping patterns. In case 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 home, rent it out. You can make additional money with just some simple hospitality.
Shop with cash back sites. Shopping through websites which provide cash back rewards can be as effective as couponing, if not more! Just shop as you normally would and earn rebates on your purchases.