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If you own a quality camera, then making money with your photography skills is attainable through websites like Shutterstock and iStockPhoto. These sites allow you to create an account and upload your inventory of photos in a couple of minutes.
Individual clients and businesses can purchase your stock pictures for their websites and marketing materials. Simple stock photographs, such as businessmen shaking hands along with even a woman riding in a car, are sought after by many companies. To be successful, youll want to upload photos monthly to consistently increase your portfolio.
With sites such as Wrapify and StickerRide, you can earn hundreds of dollars each month simply by driving around town. Youll need to put an advertisement on your car and drive a certain number of miles each month. If youre already on the road for work, traveling, or college, advertising lets you make additional cash without any extra time commitment. .
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Owning property can earn you passive income for decades to come. Once you purchase a duplex, house, or apartment building as a rental property, youll earn a consistent monthly income with minimal job. Rent should cover your mortgage, repairs, taxes, and other expenses. Youll continue to earn income by paying back your mortgage with the rent money and saving surplus rental income. .
You can manage the property , which includes tasks like finding tenants, scheduling repairs, and maintaining the house, or youcan hire a property manager to look after these responsibilities for you. If you the manage the property yourself, youll see more income, but youll also have to invest more of your time. .
Turn your burning passions and daily musings into an entertaining audio show. Whether you want to talk about food, history, finance, or audio, you can record and edit episodes in the comfort of your home. Once you have a large group of listeners, you can earn money from podcast sponsorships, affiliate marketing, selling products or eBooks, or crowdfunding.
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Establishing residual income permits you to accumulate wealth faster, have a more flexible lifestyle and maintain a diverse financial portfolio. Just like any successful investment, hard work is needed. With residual income, however, that function tends to be upfront. Once your revenue stream is set up, the Learn More work and time involved is significantly lower than active income sources.
