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If so, check out a website like Shutterstock.  You send your photographs to Shutterstock and if they are approved, each time one of Shutterstocks clients downloads one of your photos youll get a paid a royalty.

 

 

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If you are a bit techie and can come up with some unique ideas for mobile apps, or improve upon an existing program that will help people make their lives better, you may land yourself a fantastic source of passive income.

 

 

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Every program on your phone is making money for someone, somewhere. For instance, Joel Comm made over $1Million from his iFart program.

As these are the exceptions, there are plenty of people making thousands of dollars each month using their mobile apps.

 

 

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How would you like to make money just for driving your car and not have to pick up any passengers By allowing companies to put advertisements on your car windows, you can earn a couple of hundred dollars each month simply by driving your vehicle around town.

Check out Wrapify to see how you could be able to make passive income by wrapping your car with an advertisement.

 

 

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The beauty of an online business is that most will enable you to operate from anywhere. Starting one from scratch can take a good deal of time and resources. Why not consider buying an already established online business Websites like Biz Buy Sell have hundreds of online business listings that are for sale in varying price ranges. .

Check to find out whether there is an online business for sale that is in line with your passions or hobbies. Again, in order for this notion to produce passive income, youll need to hire someone to run the business.

 

 

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Heres another turnkey passive income business idea. Many cities have created laundromats which are offered for sale.

 

 

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The reason why you would want to buy an existing laundromat is that the startup costs are fairly high. Commercial washers and dryers are not cheap. It makes a lot more financial sense to buy an already established laundromat than to start from scratch.

 

 

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I'm shocked by the lack of batting cage facilities. Baseball is one of the most popular sports for children in the usa. Yet batting cages are hard to come by depending on where you live.

 

 

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Something to know about, however, is that these can require a great deal of money up front. You'll need to have a significant centre, equipment, and someone to run the crate.

So be certain that you do your due diligence before you invest too much money in this endeavor. Buying an existing batting cage business may be a more financially sound choice.

Another way you can make passive income is by designing t-shirts and other products even with no prior design abilities. Sites like Redbubble allow you to upload your witty design ideas and then create t-shirts, coffee check this site out mugs, notebook covers, etc..

 

 

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Shoppers then visit the website and check out your goods. When they buy one of the designs, Redbubble will pay you a portion of the profits. They handle all of the production and shipping of merchandise.

Bond and CD laddering involves owning several different bonds and/or Certificates of Deposit. Every one matures at different times during the year. Then you simply take the profits from those investments as cash income during the year.

Though many CDs and bonds might not earn as much of a return as a Peer-to-Peer lending investment, bonds and CDs also generally come with little to no risk. This can help ensure a good income source on a regular basis.

 

 

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Thousands of people every day are looking to rent any variety of things. Craigslist can be a excellent place to promote your items for rent. Here are some thoughts of products You Could rent out:

Just make sure you have a proper rental agreement signed by both parties. Also, get paid in cash beforehand, and get a current photo ID and secondary proof of address from renters.

This will allow you to protect the property youre renting out. For extra peace of mind, consider requesting a security deposit too.

As you can see there are a ton of ways which you can earn passive income. With luck, this list has helped you narrow down which source of income is best for you.

 

 

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So if youre tired of this traditional way of making money, implement some of the passive income approaches above so you can begin working and making more money while you sleep now.

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