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If so, check out a website like Shutterstock.  You send your photos 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 a few unique tips for mobile apps, or improve upon an existing program that will help individuals 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 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 each 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 by simply driving your car around town.

Check out Wrapify to determine how you might have the ability 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 work from anywhere. Starting one from scratch can take a lot of time and resources. Why not consider buying an already established online business Sites like Biz Buy Sell have hundreds of online business listings which are available in varying price ranges. .

Check to see whether there's an online business for sale that is in line with your passions or hobbies. Again, in order for this idea to make 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.

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

I am 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 know about, however, is that these can require a great deal of money up front. You will need to have a big facility, equipment, and someone to run the cage.

So be certain that you do your due diligence before you invest too much money in this visit this website 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 previous design skills. Sites such as Redbubble permit 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 website and take a look at your products. When they buy one of the designs, Redbubble will pay you a portion of the profits. 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 matures 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 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 danger. This can help ensure a good income supply on a regular basis.

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Thousands of people daily are looking to rent any variety 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 ensure that you have a proper rental agreement signed by both parties. Additionally, get paid in cash beforehand, and find a current photo ID and secondary proof of address from renters.

This can help you to protect the home 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 make passive income. With luck, 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 the 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 today.