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License a business thought. If you've got a fantastic idea for a business or product, but dont have enough 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 those vending machines, but the vending machine business can be a rewarding passive income source! Once you find the right spot, employ someone to restock the machines to you and youve got your own business going. .

Start home or pet sitting. This one is a sort of hybrid passive/active income source, but if youre going to be hanging out at home doing nothing, why not get paid to do it someplace else Watch someones home and pets while theyre on vacation for a little extra money.

Begin 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, 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 photographs to stock photography sites. Once approved, youll earn royalties whenever a customer 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 merchandise from t-shirts to mugs. Production is taken good care of and youll earn a commission on the goods sold.

Create templates. If you fancy yourself an HTML wiz, designing and offering website templates for bloggers or e-commerce sites could be a fantastic 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 tell Writers no longer have to wait for the attention of a publisher to release their work. If you market 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 video founders looking for high-quality sound.

Sell digital art 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 homes on a budget and could happily print the artwork themselves.

Create 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! Anything you love, theres an audience out there.

Record a video program. Very similar to e-courses, there are like it 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 create a passive income simply by selling your lesson plans online to additional teachers. Its something youre doing already, so why not talk about the knowledge

Make an online guide. If youre an expert in your field or possess in-depth knowledge of how something works or helpful hints how to correct 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 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 need to do is drive aroundwhich youre probably doing anyway!

Engage in research studies. Get paid to allow 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 needs little to no effort.

Rent a room in your home. If you already have an extra space in your house, rent it out. You can earn additional money with just some basic hospitality.

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