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License a business thought. If you have a great idea for a business or product, but dont have time to start it yourself, then consider licensing that idea. Interested companies are willing to pay royalties in exchange for the right to use your idea.
Purchase a vending machine business. Youve probably never thought twice about who owns all those vending machines, but the vending machine business can be a rewarding passive income source! Once you find the right place, employ someone to restock the machines to you and youve got your own business going. .
Start home or pet sitting. This one is a kind 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 house and pets while theyre on vacation for a little extra cash.
Start a YouTube channel. Although the YouTube area is aggressive, theres small overhead cost to begin. In case youre passionate about your chosen niche and provide value to your viewers, ad placements and sponsorship opportunities can help you earn a sizeable passive income.
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License your photos. If you've got a natural eye for photography, then consider selling your photographs to stock photography websites. Once approved, youll earn royalties each time a client 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 products 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 files. Even amateur graphic designers can earn a passive income by designing and selling graphic design files such as icons or templates of all kinds.
Publish an ebook. Do you have a story youre itching to inform Writers no longer have to await 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 founders looking for high quality sound.
Sell digital art files. To reduce overhead costs and minimize supply chain logistics, design a piece of artwork or photography and offer a digital download for a lesser cost. Many people are looking to furnish their homes on a budget and could happily print the art 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 field of bird watching Produce an eCourse! Anything you love, theres an audience out there.
Record a video program. Very similar to e-courses, there are endless options for movie course topics. Video as a medium offers a personal connection and also a different way to learn, making it an equally viable option.
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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 , so why not share the knowledge
Create an online guide. If youre an expert in your area or have in-depth knowledge of how something works or how to correct something, you can compose a guide for this.
Sign up for cash back credit cards. Many credit cards offer some sort of go to my blog money 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 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 track anything from your 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 extra room in your home, rent it out. You can earn additional money with only some simple hospitality.
Shop with money back sites. Shopping through sites which offer cash back benefits can be as effective as couponing, if not more! Just shop as you normally would and earn rebates on your purchases.