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

If you're a bit techie and can come up with some unique tips for mobile apps, or improve upon an existing app that will help individuals make their lives simpler, you might 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 made over $1Million from his iFart app.

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 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 couple of hundred dollars each month simply by driving your vehicle around town.

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

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The beauty of an online business is that the majority will allow you to operate from anywhere. Starting one from scratch can take a lot of time and resources. Why not consider buying an already established online business Sites such as Biz Buy Sell have hundreds of online business listings that are for sale in varying price ranges. .

Check to see if there's 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 established laundromats that are available for sale.

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

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

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Something to be aware of, though, is that these can need a lot of money up front. You will have to have a significant centre, equipment, and someone to run the cage.

So be certain to 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 option.

Another way you can make passive income is by designing t-shirts and other products even with no prior design skills. Sites such as Redbubble allow you to upload your witty design ideas and then make t-shirts, coffee mugs, laptop covers, etc..

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Shoppers then visit the website and take a look at your products. When they buy one of the designs, Redbubble will pay you a portion of click over here now the gains. They handle all of the production and shipping of merchandise.

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.

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 arrive with little to no danger. This helps ensure a good income source on a regular basis.

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

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

This will help you to guard the property youre renting out. For additional 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. With luck, this list has helped you narrow down which source of income is best for you.

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If youre tired of this traditional way of making money, implement some of the passive income strategies above so that you can begin working less and making more money as you sleep now.