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License a business thought. If you have a fantastic 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 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 somewhere else Watch someones home and pets while theyre on vacation for a little additional money.
Start a YouTube channel. Even though the YouTube area is aggressive, 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 substantial passive income.
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License your own photos. If you've got a natural eye for photography, then consider selling your photographs to stock photography websites. Once approved, youll earn royalties whenever a customer downloads one of your photos.
Design t-shirts or other goods. Create fun and trendy images for e-commerce sites like Zazzle or even CafePress to place on all kinds of products from t-shirts to mugs. Production is taken care of and youll earn a commission on the goods offered.
Create website templates. If you fancy yourself an HTML wiz, designing and offering site templates for bloggers or e-commerce sites could 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 like icons or templates of all kinds.
Publish see page an ebook. Have you got a story youre itching to tell Writers no longer have to wait for More Help the attention of a publisher to release their job. If 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 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 men and women are looking to furnish their houses on a budget and would happily print the artwork themselves.
Create an eCourse. An eCourse can be about anything youre passionate about. Have a lot of knowledge about electronic 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 a teacher you can create a passive income simply by selling your lesson plans online to additional educators. Its something youre doing already, so why not talk about the knowledge
Create 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 manual for it.
Sign up for cash back credit cards. Many credit cards offer 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 advertisement space on your car. All you need to do is drive aroundwhich youre probably doing anyway!
Participate in research studies. Get paid to allow researchers monitor anything from the shopping habits to you sleeping patterns. In case youre comfortable sharing this information, it can be a great source of passive income that requires little to no effort.
Rent a room in your house. If you presently have an excess room in your home, 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 benefits can be as powerful as couponing, if not more! Just shop as you normally would and earn money on your purchases.