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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 someplace else Watch someones house and pets while theyre on vacation for a little extra money.

Start a YouTube channel. Although the YouTube space is competitive, theres small overhead cost to get started. In case youre passionate about your chosen niche and provide value to your audiences, ad placements and sponsorship opportunities can help you earn a substantial passive income.

License your own photos. If you have a natural eye for photography, then consider selling your photos to stock photography sites. Once approved, youll earn royalties every time a client downloads one of your photos.

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

Create templates. If you fancy yourself an HTML wiz, designing and offering site templates for bloggers or e-commerce sites 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 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 job. Should you market your book nicely (think social websites ), self-publishing an ebook will earn you plenty of residual sales.

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 art or photography and offer a digital download for a lesser cost. Many people are looking to furnish their homes on a budget and would happily print the artwork themselves.

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

Record official statement a video course. Very similar to e-courses, there are endless options for video course topics. Video as a medium delivers a personal connection and a different way to learn, making it an equally viable option.

Sell a lesson plan. If youre a teacher you can make a passive income by simply selling your lesson plans online to additional educators. Its something youre doing already, so why not share the knowledge

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Create an online guide. If youre an expert in your area or have in-depth knowledge of how something works or how to correct something, you can write a manual for it.

Sign up for cash back credit cards. Many credit cards offer you some sort 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 ad space on your car. All you have 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 home. If you already have an excess room in your home, rent it out. You can earn additional money with only some basic hospitality.

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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.

Rent your own stuff. Have you got random equipment filling your garage that you rarely use Rent it out! Specialized equipment for lawn maintenance or home improvement jobs is often a one-time use for most people. Youll make some money and other people will have the ability to use your resources to get a fraction of the cost of buying them . .

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Launching a side business or figuring out how to invest your money when youre strapped for time isnt easy, but the payoff makes everything worthwhile. The money that you earn from passive income will undoubtedly have you well on your way to achieving your financial goals More hints and much closer to true financial freedom.