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License a business thought. In case you have a great idea for a business or product, but dont have enough time to start it yourself, then 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 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 someplace else Watch someones house and pets while theyre on vacation for a little extra money.
Start a YouTube channel. Although the YouTube area is competitive, theres little overhead cost to begin. If 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 own photos. If you've got a natural eye for photography, then consider selling your photos 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 sites like Zazzle or even CafePress to place on all sorts of products 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 site 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 like 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 publisher to release their job. Should you market your book nicely (think social media), self-publishing an ebook will earn you plenty of residual sales.
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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 creators looking for high-quality sound.
Sell digital artwork files. To lower news overhead costs and minimize supply chain logistics, design a piece of artwork or photography and extend a digital download for a lesser cost. Many people are looking to furnish their homes on a budget and would 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 Create 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 a teacher you can create a passive income by simply selling your lesson plans online to additional educators. Its something youre doing , 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 fix something, you can compose a guide for it.
Sign up for cash back credit cards. Many credit cards offer you some type 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 car. Some companies will pay money for ad space on your car. All you have to do is drive aroundwhich youre probably doing anyway!
Engage in research studies. Get paid to allow researchers monitor 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 that needs little to no effort.
Rent a room in your home. If you presently have an extra room in your house, 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 rewards can be as effective as news couponing, if not more! Just shop as you normally would and earn rebates on your purchases.