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If so, take a look at a site like Shutterstock.  You send your photos to Shutterstock and if they are accepted, each 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 some unique ideas for mobile apps, or improve upon an existing app that will help individuals 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 program.

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 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 couple of hundred dollars each month simply by driving your vehicle around town.

Check out Wrapify to determine how you might have the ability to produce passive income by simply wrapping your car with an advertisement.

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The beauty of an online business is that most will enable 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 like Biz Buy Sell have hundreds of online business listings which are for sale in varying price ranges. .

Check to find out if 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 established laundromats which 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 well-known sports for children in America. 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 require a lot of money up front. You'll have to have a big facility, equipment, and someone visit this site to run the cage.

So make 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 option.

Another way you can make passive income is by designing t-shirts and other goods even with no previous design abilities. Websites like Redbubble permit you to upload your witty design ideas and then create t-shirts, coffee mugs, notebook covers, etc..

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Shoppers then visit the website and take a look at your products. When they purchase one of your designs, Redbubble will pay you a portion of the gains. They handle all the production and shipping of merchandise.

Bond and CD laddering involves owning many different bonds and/or Certificates of Deposit. Every one develops 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 solid income supply on a regular basis.

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Thousands of people every day top article are looking to rent any range of things. Craigslist can be a excellent place to advertise your items for rent. Here are some thoughts of products You Could rent out:

Just make sure that you have a proper rental agreement signed by both parties. Additionally, get paid in money beforehand, and get a current photo ID and secondary proof of speech from renters.

This can allow you to protect the property 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 which you can earn passive income. Hopefully, this list has helped you narrow down which source of income is most effective for you.

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So if youre tired of get more the traditional way of making money, implement some of the passive income approaches above so you can begin working less and making more money while you sleep now.