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If so, check out a site like Shutterstock. You send your photos to Shutterstock and if they're accepted, each time one of Shutterstocks clients downloads one of your photos youll get a paid a royalty.
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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 program.
As 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 simply by driving your car around town.
Check out Wrapify to see how you might be able 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 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 is 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 idea. Many cities have established laundromats which are offered for sale.
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Something to know about, however, is that these can need a lot of money up front. You'll need to have a significant facility, equipment, and someone to run the crate.
So be certain that you 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 option.
Another way you can make passive income is by designing t-shirts and other products even with no prior design abilities. Sites such as Redbubble allow 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 profits. They handle all the production and shipping of products.
Bond and CD laddering involves owning several different bonds and/or Certificates of Deposit. Each one matures at different times during the year. Then you take the profits from these 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 arrive with little to no risk. This helps ensure a solid income source on a regular basis.
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Thousands of people daily are looking to rent any range of items. Craigslist can be a great 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. Also, get paid in money beforehand, and get a current photo ID and secondary proof of speech from renters.
This can help 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 that you can earn passive income. With luck, this list has helped you narrow down which source of income is most effective for you.
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So if youre tired official statement of the traditional means of making money, implement a few of the passive income strategies above so that you can start working and making more money while you sleep today.