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If so, take a look at a site like Shutterstock.  You send your photographs to Shutterstock and if they're accepted, each time one of Shutterstocks clients downloads one of your photos youll receive a paid a royalty.

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If you're a bit techie and can produce some unique tips for mobile apps, or improve upon an existing app that will help people make their lives better, 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 program.

While these are the exceptions, there are plenty of people making thousands of dollars per month with their mobile programs.

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How would you prefer to create 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 car around town.

Check out Wrapify to determine how you might have the ability to produce passive income by simply wrapping your car with an advertisement.

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The beauty of an online business is that most will allow you to work from anywhere. Starting one from scratch can take a lot 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 find out whether there's an online business for sale that's in line with your passions or hobbies. Again, in order for this idea to produce passive income, youll need to hire someone to run the business.

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

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The reason you would want to purchase an existing laundromat is the startup costs are pretty large. Commercial washers and dryers are not affordable. It makes far more financial sense to purchase an already established laundromat than to start from scratch.

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I am shocked by the lack of batting cage facilities. Baseball is one of the most popular sports for children in America. Nonetheless batting cages are hard to come by depending on your geographical area.

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Something to be aware of, however, is that these can need a lot of money up front. You will have to have a big facility, 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 goods even with no previous design abilities. Sites such as Redbubble allow you to upload your witty design ideas and then make t-shirts, coffee mugs, notebook covers, etc..

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Shoppers then stop by the site and take a look at your products. When they buy one of your designs, Redbubble will pay you a portion of the gains. They handle all the production and shipping of products.

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

Although 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 every day are looking Recommended Site to rent any range of things. Craigslist can be a excellent place to promote your items for rent. Here are some ideas of products that you could rent out:

Just ensure that 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 speech from renters.

This can help you to guard the property youre renting out. For extra peace of mind, consider requesting a security deposit as well.

As you can see there are a ton of ways that you can make passive income. Hopefully, 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 a few of the passive income approaches above so you can begin working less and making more money while you sleep now.

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