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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 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 lucrative passive income source! Once you find the appropriate spot, hire someone to restock the machines to you and youve got your own business going. .

Start house 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 somewhere else Watch someones home and pets while theyre on vacation for a little extra cash.

Start a YouTube channel. Even though the YouTube space is competitive, theres little overhead cost to begin. If youre passionate about your chosen niche and supply 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, consider selling your photos to stock photography websites. Once approved, youll earn royalties whenever a client downloads one of your own photos.

Design t-shirts or other goods. Create fun and trendy images for e-commerce sites 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 goods offered.

Create website 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 visit the site passive income by designing and selling graphic design files like 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 work. Should you market your book nicely (think social websites ), 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 assist companies or video founders looking for high-quality audio.

Sell digital artwork files. To reduce overhead expenses and minimize supply chain logistics, design a piece of art or photography and offer a digital download for a lesser cost. Many people are looking to furnish their houses on a budget and could happily print the art themselves.

Make an eCourse. An eCourse can be about anything youre passionate about. Have a lot of knowledge about electronic marketing Create an eCourse! Are you an expert in the field of bird watching Produce an eCourse! Whatever you love, theres an audience on the market.

Record a video course. Similar to e-courses, there are endless options for movie course subjects. Video as a medium offers a personal connection and 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 educators. Its something youre doing already, so why not share the knowledge

Create 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 money back benefits, but finding one that delivers 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 advertisement 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 out of 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 house. If you already have an excess space in your home, rent it out. You can earn additional money with just some basic hospitality.

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