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If so, check out a website 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 come up with a few unique ideas for mobile apps, or improve upon an existing program which will help people make their lives better, you might land yourself a great source of passive income.

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

While these are the exceptions, there are plenty of people making thousands of dollars per month with their mobile apps.

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How would you like to make 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 few hundred dollars each month by simply driving your vehicle around town.

Check out Wrapify to see 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 the majority will allow you to operate 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 that are available in varying price ranges. .

Check to find out 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 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 high. Commercial washers and dryers are not affordable. It makes far more financial sense to purchase 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 popular sports for kids in the usa. Nonetheless batting cages are tough to come by depending on where you live.

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Something to be aware of, though, is that these can need a great deal of money up front. You'll have to have a big facility, equipment, and someone to run the cage.

So make 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 abilities. Sites like Redbubble allow you to upload your witty design ideas and then make t-shirts, coffee mugs, laptop covers, etc..

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

Though 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 risk. This can help ensure a good income source on a regular basis.

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Thousands of people every day are looking to rent any range of items. Craigslist can be a great place click to find out more to promote your items for rent. Here are some thoughts of products You Could rent out:

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

This will help you to protect the property youre renting out. For additional peace of mind, consider requesting a safety deposit too.

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 most effective for you.

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