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

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If you are a bit techie and can produce some unique tips for mobile programs, or improve upon an existing app that will help individuals 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 somebody, 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 like to create 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 couple of hundred dollars each month by simply driving your car around town.

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

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The beauty of an online business is that the majority 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 such as Biz Buy Sell have hundreds of online business listings that are for sale in varying price ranges. .

Check to see whether there is an online business for sale that's 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 thought. Many cities have established laundromats which are offered for sale.

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The reason why you would want to purchase an existing laundromat is the startup costs are pretty 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.

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I'm shocked by the lack of batting cage facilities. Baseball is one of the most popular sports for kids in America. Yet 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 require a lot of money up front. You'll need to have a significant facility, equipment, and someone to run the crate.

So be sure to 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 option.

Another way you can make passive income is by designing t-shirts and other goods even with no prior design abilities. Websites like Redbubble permit you to upload your witty design ideas and then make t-shirts, coffee mugs, laptop covers, etc..

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Shoppers then stop by the website and check out your goods. When they buy one of the designs, Redbubble will pay you a portion of the gains. They handle all of 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 simply take the profits from those investments as cash income during the year.

Although many CDs and why not look here bonds may not earn as much of a return as a Peer-to-Peer lending investment, bonds and CDs also generally arrive with little to no danger. This helps ensure a good income supply on a regular basis.

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Thousands of people daily are looking to rent any range of items. Craigslist can be a excellent place to advertise your items for rent. Here are some ideas of products You Could rent out:

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

This will allow you to guard 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 that you can earn passive income. Hopefully, this record has helped you narrow down which source of income is most effective 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 start working less and making more money as you sleep now.

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