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License a business thought. If you have a great idea for a business or product, but dont have enough time to start it yourself, consider licensing which idea. Interested companies are willing to pay royalties in exchange for the right to use your idea.

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Buy 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 for 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 house and pets while theyre on vacation for a little additional money.

Begin a YouTube channel. Although the YouTube area is competitive, theres small overhead cost to get started. If youre passionate about your chosen niche and provide value to your audiences, advertisement placements and sponsorship opportunities can help you earn a sizeable passive income.

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License your own photos. When you've got a natural eye for photography, consider selling your photos to stock photography sites. Once approved, youll earn royalties whenever a client downloads one of your photos.

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

Create templates. If you fancy yourself an HTML wiz, designing and offering website templates for bloggers or e-commerce websites might 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 such as icons or templates of all kinds.

Publish an ebook. Have you got a story youre itching to tell Writers no longer need to wait for the attention of a publisher to release their job. If you advertise 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 assist companies or video creators looking for high-quality audio.

Sell digital art files. To lower 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 artwork 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 subject of bird watching Produce an eCourse! Whatever you love, theres an audience on the market.

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Record a video program. Very similar to e-courses, there are endless options for video 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 make a passive income by simply 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 area or have 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 some type of money 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 vehicle. Some companies will pay money for ad space on your car. All you need to do is push aroundwhich youre probably doing anyway!

Participate in research studies. Get paid to allow researchers track anything from the 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 important source home. If you presently have an excess room in your home, rent it out. You can make additional money with only some simple hospitality.

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

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