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If so, check out a website like Shutterstock.  You send your photos to Shutterstock and if they're accepted, 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 a few unique ideas for mobile programs, or improve upon an existing program which will help people make their lives simpler, you might land yourself a fantastic source of passive income.

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Every app on your phone is making money for someone, somewhere. For instance, Joel Comm made over $1Million from his iFart program.

As 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 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 vehicle around town.

Check out Wrapify to determine how you could 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 most will allow 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 if 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 thought. Many cities have created laundromats which are available for sale.

The reason you would want to purchase an existing laundromat is the startup costs are pretty high. Commercial washers and dryers are not cheap. It makes far more financial sense to buy 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 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 lot of money up front. You will need to have a big centre, equipment, and someone to run the cage.

So make certain that you 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 choice.

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, 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 your designs, Redbubble will pay you a portion of the gains. They handle all the production and shipping of products.

Bond and CD laddering involves owning several different bonds and/or Certificates of Deposit. Every one matures at different times during the year. Then you simply take the profits from those investments as cash income during special info 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 arrive 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 variety 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 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 speech from renters.

This can help you to guard the home youre renting out. For extra peace of mind, consider requesting a safety deposit as well.

As you can see there are a ton of ways which you can make 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 strategies above so that you can start working less and making more money as you sleep today.