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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 photographs youll receive a paid a royalty.

If you are a bit techie and can come up with a few unique tips for mobile apps, or improve upon an existing app that will help individuals make their lives better, you may land yourself a fantastic source of passive income.

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Every program on your phone is making money for someone, 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 like 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 few hundred dollars each month by simply driving your vehicle around town.

Check out Wrapify to see how you might 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 work from anywhere. Starting one from scratch can take a lot of time and tools. 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 find out if there is 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 idea. Many cities have established laundromats that are offered for sale.

The reason you would want to buy an existing laundromat is that the startup costs are fairly large. Commercial washers and dryers are not affordable. It makes a lot 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 children in America. Nonetheless batting cages are tough to come by depending on where you live.

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Something to know about, though, is that these can need a lot of money up front. You'll have to have a significant facility, equipment, and someone to run the cage.

So make 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 more information t-shirts and other goods even with no previous design skills. Sites like Redbubble permit 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 site and check out your goods. When they buy one of your 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 many 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 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 arrive with little to no danger. This can help ensure a solid income supply on a regular basis.

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Thousands of people daily are looking to rent any variety of things. Craigslist can be a great 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 find a current photo ID and secondary evidence of address from renters.

This can allow you to protect 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 that you can earn 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 the traditional means of making money, implement some of the passive income strategies above so that you can begin working less and making more money while you sleep today.