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If so, take a look at 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 photos youll receive a paid a royalty.

If you're a bit techie and can come up with a few unique ideas for mobile apps, or improve upon an existing app that will help people make their lives better, you may 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 made 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 put advertisements on your car windows, you can earn a few hundred dollars each month simply by driving your car around town.

Check out Wrapify to see how you could have the ability to make 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 good deal of time and resources. Why not consider buying an already established online business Websites like 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 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 established laundromats which are available for sale.

The reason why you would want to purchase an existing laundromat is the startup costs are pretty large. 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 children in America. Nonetheless batting cages are tough to come by depending on where you live.

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Something to know about, however, is that these this page can require a great deal of money up front. You'll have to have a big centre, equipment, and someone to run the cage.

So be sure that you 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 choice.

Another way you can make passive income is by designing t-shirts and other products even with no previous design skills. 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 visit the website and check out your goods. When they purchase one of the designs, Redbubble will pay you a portion of the gains. They handle all of the production and shipping of merchandise.

Bond and CD laddering involves owning many different bonds and/or Certificates of Deposit. Each one develops at different times during the year. Then you take the profits from these 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 risk. 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 range of click this site items. Craigslist can be a excellent place to promote your items for rent. Here are some ideas of products You Could rent out:

Just ensure you have a proper rental agreement signed check by both parties. Additionally, get paid in money beforehand, and get a current photo ID and secondary evidence of address from renters.

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

As you can see there are a ton of ways which you can make passive income. Hopefully, this list has helped you narrow down which source of income is most effective for you.

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If youre tired of this traditional means of making money, implement a few of the passive income strategies above so you can begin working and making more money while you sleep now.