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

If you are a bit techie and can produce a few unique ideas for mobile programs, or improve upon an existing program that will help individuals make their lives better, you might 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 using their mobile apps.

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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 see how you could be able 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 such as Biz Buy Sell have hundreds of online business listings which are for sale in varying price ranges. .

Check to find out whether there is 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 offered for sale.

The reason you web would want to buy an existing laundromat is the startup costs are pretty high. Commercial washers and dryers are not cheap. It makes a lot more financial sense to purchase 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 tough 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 make certain that you click for source 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 goods even with no prior design skills. Sites such as 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 stop by the website and take a look at 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 several 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 bonds might not earn as much 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 range of items. Craigslist can be a excellent place to promote your items for rent. Here are some thoughts of products that you could rent out:

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

This can allow you to guard the home 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. Hopefully, this record has helped you narrow down which source of income is best for you.

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So if youre tired of the traditional means of making money, implement a few of the passive income strategies above so you can begin working less and making more money as you sleep today.