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All these are guaranteed low-risk business ideas which can help you pump up your bank account.What is Passive IncomePassive income refers to the inflow of cash from work once done but continues to yield earnings. It is also known as residual income. It differs from a traditional business setup in the sense that the latter requires continuous and meticulous supervision and management at all times.

It simply refers to the socio-economic system that is rooted in the notion of sharing be it material assets or intellectual ones. The sharing economy is also known as peer-to-peer transaction or audience economy. It is a sustainable business model since it needs only the provision or production of goods and services that are actually needed and have an existing demand.

Feel free to try out any one of these if you prefer. They are:Exotic Income Idea #1: Share a space or homeThe planet is getting smaller and smaller by the minute. Fifty years ago, it is an uncommon sight to see tourists flying out for vacation and leisure. As a result of advancement in air navigation and also the opening of cost-friendly airlines, more people can now afford to travel.

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Nowadays, it is very common to hear a tourist renting a home or room. Airbnb, as a matter of fact, built its own business model to cater to these needs. One way to earn residual income is to open your houses for rent. If you've got an empty and unused room, or a vacation home that's perfect for large rooms, then you may put them in the advertisements or enroll them in Airbnb, Booking, and Traveloka, among others.Passive Income Idea #2: Carpool into workMore and more people are becoming conscious of the environmental impacts of the increased gas emissions by cars.

You can help themwhile earning on the negative, by giving them a ride to work. You can charge a minimal fee to encourage them to join your carpool an amount enough to cover the excess gas needed and a bit extra for one to keep.Learn how you can declutter your house to make that income-generating distance by reading our blog post.Passive Income Idea #3: Unleash your inner Picasso and sell your own artDo you have art that is located at the back of your stock room Or a painting up on the wall untouched for years Why not market them The art community, while a relatively smaller niche, remains a niche! Create a copy of your artwork, have it reprinted and framed, and set it up available.

Due to recent events involving environmental problems and labour standards, some now prefer to purchase second-hand or pre-loved items. If you have clothes which are in good condition and are not being used, it is the perfect time to sell them. Do a garage sale or create an online platform on EBay or even Quicksales where you can post images of clothes for sale.Passive Income Idea #5: Sell your photosIf photography is your hobby, then this may be the one look at these guys for you.

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The notion is capturing pictures that might be bought by different users for their own use. Your target audience here is basically everyone who is into design and advertising, that is a fairly large market.Passive Income Idea #6: Publish an e-book  In a recent study, Murdoch University Australias Margaret Merga discussed Australian adolescents are more inclined to read an e-book than a paper publication.

It is surely an advantage for you in the event that you do not have the resources to print hardcopies.  Passive Income Idea #7: Design images, backgrounds, fontsAnother way to earn money is to create generic pictures, backgrounds, and fonts, which different brands or persons can buy for further editing. Comparable to stock photos, designers and photo editors usually search for these types of material for their photo manipulation needs.Passive Income Idea #8: Engage in peer to peer lendingThis is a somewhat traditional idea, but it still works.

You can put your own terms, which enables borrowers to repay their obligations in a more lenient informative post way than with regular lending institutions.Passive Income Idea #9: Be an online advertiserAlmost all products and solutions rely on advertisement to get the proliferation of earnings. It's how folks have to know the brands and things.

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This is perfect for promoting other peoples products for a fee.  Passive Income Idea #10: Create a cell this page appThe trend of going digital has no way to go but forward with the use of phones and computers.  Knowing how to code is a big bonus nowadays. Users are constantly looking for applications to improve their daily lives.