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License a business thought. If you've got a great 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.
Start house or pet sitting. This one is a kind 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 additional cash.
Begin a YouTube channel. Although the YouTube area is competitive, theres little overhead cost to get started. If youre passionate about your chosen niche and supply value to your audiences, ad placements and sponsorship opportunities can help you earn a substantial 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 customer downloads one of your own photos.
Design t-shirts or other products. Create fun and trendy graphics for e-commerce websites like Zazzle or even CafePress to put on all sorts of merchandise from t-shirts to mugs. Production is taken good care of and youll earn a commission on the goods offered.
Create templates. If you fancy yourself an HTML wiz, designing and offering site 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 files like icons or templates of all kinds.
Publish an ebook. Have you got a story youre itching to inform Writers no longer need to click for source wait for the attention of a publisher to release their job. Should click this 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 movie founders looking for high quality sound.
Sell digital art files. To lower overhead expenses 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 could happily print the artwork themselves.
Make 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! 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 teachers. Its something youre doing already, so why not share the knowledge
Create an online guide. If youre an expert in your field or have in-depth knowledge of how something works or how to correct something, you can compose a guide for it.
Sign up for cash back credit cards. Many credit cards offer some type of cash back benefits, but finding one that offers the most rewards for your lifestyle is the secret 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 have to do is drive aroundwhich youre probably doing anyway!
Participate in research studies. Get paid to allow researchers track anything out of the shopping habits to you sleeping patterns. In case youre comfortable sharing this information, it can be a terrific 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 home, rent it out. You can earn extra money with just some simple hospitality.
Shop with money back sites. Shopping through sites 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.