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

If you're a bit techie and can produce a few unique ideas for mobile apps, or improve upon an existing app which will help people make their lives simpler, you may land yourself a great source of passive income.

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

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 place advertisements on your car windows, you can earn a few hundred dollars each month by simply driving your car around town.

Check out Wrapify to see how you could have the ability to make passive income by simply 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 which are available in varying price ranges. .

Check to see if there is an online business for sale that is in line with your passions or hobbies. Again, in order for this idea to produce passive income, youll need to employ someone to run the business.

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Heres another turnkey passive income business thought. Many cities have created laundromats that are available for sale.

The reason you would want to buy an existing laundromat is that the startup costs are Click This Link fairly large. 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.

I am shocked by the lack of batting cage facilities. Baseball is one of the most well-known sports for children in the usa. Nonetheless batting cages are hard to come by depending on where you live.

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Something to be aware of, though, is that these can need a lot of money up front. You'll need to have a significant facility, equipment, and someone to run the crate.

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

Another way you can make passive income is by designing t-shirts and other goods even with no previous design skills. Sites like Redbubble allow you to upload your witty design ideas and then create t-shirts, coffee mugs, notebook covers, etc..

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

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

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

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Thousands of people daily are looking to rent any range of things. Craigslist can be a great place to promote your items for rent. Here are some thoughts of products You Could rent out:

Just ensure that you have a proper rental agreement signed by both parties. Additionally, get paid in money beforehand, and find a current photo ID and secondary evidence of speech from renters.

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

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

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If youre tired of the traditional means of making money, implement some of the passive income approaches above so you can start working and making more money as you sleep now.