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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 get a paid a royalty.

If you're a bit techie and can produce some unique ideas for mobile apps, or improve upon an existing app that will help people make their lives simpler, you might land yourself a great source of passive income.

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Every app on your phone is making money for somebody, 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 programs.

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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 put advertisements on your car windows, you can earn a few hundred dollars each month simply by driving your vehicle around town.

Check out Wrapify to determine how you could have the ability to make passive income by 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 good deal of time and tools. Why not consider buying an already established online business Sites 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's 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 that the startup costs are pretty high. Commercial washers and dryers are not cheap. It makes far 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 well-known sports for children in America. Yet batting cages are hard 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 need to have a big centre, 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 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 previous 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 visit the site 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 of the production and shipping of merchandise.

Bond and CD laddering involves owning several different bonds and/or read this article Certificates of Deposit. Every one develops at different times during the year. Then you simply take the profits from those investments as cash income during the year.

Though many CDs and bonds may not earn as much 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 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 great place to promote your items for rent. Here are some thoughts of products You Could rent out:

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

This will allow you to guard the property youre renting out. For additional peace of mind, consider requesting a security deposit too.

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

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