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License a business thought. If you've got a fantastic idea for a business or product, but dont have time to start it yourself, then consider licensing which 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 actually owns all of those vending machines, but the vending machine business can be a lucrative passive income source! Once you find the appropriate place, employ someone to restock the machines to you and youve got your own business going. .

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 somewhere else Watch someones home and pets while theyre on vacation for a little additional money.

Start a YouTube channel. Although the YouTube area is aggressive, theres little overhead cost to begin. If youre passionate about your chosen niche and supply value to your audiences, advertisement placements and sponsorship opportunities can help you earn a substantial passive income.

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License your own photos. When you have a natural eye for photography, then consider selling your photos to stock photography sites. Once approved, youll earn royalties whenever a customer downloads one of your own photos.

Design t-shirts or other goods. Create fun and trendy graphics for e-commerce sites like Zazzle or CafePress to place on all kinds of products from t-shirts to mugs. Production is taken good care of and youll earn a commission on the products offered.

Create templates. If you fancy yourself an HTML wiz, designing and offering website templates for bloggers or e-commerce websites 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 inform Writers no longer need to await the attention of a writer to release their work. If you advertise your book well (think social websites ), 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 audio.

Sell digital artwork files. To reduce overhead costs and minimize supply chain logistics, design a piece of art or photography and extend a digital download for a lesser price. Many men and women are looking to furnish their houses on a budget and would happily print the art themselves.

Create an eCourse. An eCourse can be about anything youre passionate about. Have view website a great deal of knowledge about electronic marketing Create 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 course. Similar to e-courses, there are endless options for movie course subjects. Video as a medium delivers 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 make a passive income by simply selling your lesson plans online to other teachers. Its something youre doing already, so why not share the knowledge

Make an online guide. If youre an expert in your field or possess in-depth knowledge of how something works or how to fix something, you can compose a manual for this.

Sign up for cash back credit cards. Many credit cards offer some sort of cash back benefits, but finding one which delivers the most rewards for your lifestyle is the secret to maximizing your return.

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Advertise on your vehicle. Some companies will pay money for advertisement space on your car. All you have to do is drive aroundwhich youre probably doing anyway!

Participate in research studies. Get paid to let researchers track 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 extra room in your house, rent it out. You can make additional money with only some simple hospitality.

Shop with money back sites. Shopping through sites which offer cash back rewards can be as powerful as try this couponing, if not more! Simply shop as you normally would and earn rebates on your purchases.