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If you own a quality camera, making money with your photography skills is attainable through sites like Shutterstock and iStockPhoto. These sites allow you to create an account and upload your inventory of photographs in a couple of minutes.
Individual clients and businesses can buy your stock images for their websites and marketing materials. Straightforward stock photos, like businessmen shaking hands or a woman riding in a car, are desired by many companies. To be successful, youll want to upload photos monthly to consistently grow your portfolio.
With sites like Wrapify and StickerRide, you can earn hundreds of dollars every month by simply driving around town. Youll need to put an advertisement on your car and push a certain number of miles each month. If youre already on the road for work, travel, or school, advertising allows you to make extra cash without any additional time commitment. .
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Owning property can earn you passive income for decades to come. Once you buy a duplex, house, or apartment building as a rental house, youll earn a consistent monthly income with minimal job. Rent should pay for your read mortgage, taxes, repairs, and other expenses. Youll continue to earn income by paying off 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 home, or youcan hire a property manager to take care of 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 discuss food, history, finance, or music, you also can record and edit episodes in the comfort of your home. Once you have a huge set of listeners, you can earn money from podcast sponsorships, internet 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. As with any successful investment, hard work is required. With residual income, however, that function tends to be upfront. Once your revenue stream is established, the work and time involved is significantly lower than active income sources.
