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

If you're a bit techie and can come up with some unique tips for mobile programs, or improve upon an existing program that will help people make their lives simpler, you might 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 app.

As these are the exceptions, there are plenty of people making thousands of dollars each month using 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 place 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 make passive income by wrapping your car with an advertisement.

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The beauty of an online business is that the majority will enable you to work from anywhere. Starting one from scratch can take a good deal of time and resources. Why not consider buying an already established online business Sites like Biz Buy Sell have hundreds of online business listings that are for sale 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 notion to produce passive income, youll need to employ someone to run the business.

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

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

I am shocked by the lack of batting cage facilities. Baseball is one of the most well-known sports for kids in the usa. Yet batting cages are tough to come by depending on where you live.

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

So be sure 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. Websites like Redbubble allow you to upload your witty design ideas and then create t-shirts, coffee mugs, laptop covers, etc..

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

Although many CDs and bonds may 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 helps ensure a solid income source on a regular basis.

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Thousands of people daily are looking to rent any range of items. Craigslist can be a great place to Click Here advertise your visit this page items for rent. Here are some thoughts of products that you could rent out:

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

This will help you to protect the home youre renting out. For additional peace of mind, consider requesting a safety 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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If youre tired of this traditional means of making money, implement a few of the passive income approaches above so you can start working and making more money as you sleep now.