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If so, check out a site like Shutterstock.  You send your photographs to Shutterstock and if they're approved, each time one of Shutterstocks clients downloads one of your photos youll receive a paid a royalty.

If you are a bit techie and can come up with some unique ideas for mobile apps, or improve upon an existing app which will help people make their lives better, you may land yourself a fantastic source of passive income.

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Every app on your phone is making money for somebody, 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 place 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 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 the majority will enable you to work from anywhere. Starting one from scratch can take a lot of time and resources. Why not consider buying an already established online business Sites like Biz Buy Sell have hundreds of online business listings which are available in varying price ranges. .

Check to see if there's an online business for sale that's 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 created laundromats that are offered for sale.

The reason you would want to purchase an existing laundromat is that the startup costs are pretty high. Commercial washers and visit our website dryers are not affordable. It makes far more financial sense to buy 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 kids in the usa. Nonetheless batting cages are tough to come by depending on your geographical area.

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Something to know about, though, is that these can need a lot of money up front. You will need to have a big facility, equipment, and someone to run the cage.

So be certain 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 products even with no prior design abilities. Sites such as 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 stop by the site and take a look at 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 products.

Bond and CD laddering involves owning many different bonds and/or Certificates of Deposit. Each one matures at different times during the year. Then you simply take the profits from these investments as cash income during the year.

Although 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 danger. 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 items. Craigslist can be a excellent place to promote your items for rent. Here are some ideas of products that you could rent out:

Just make sure 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 can allow you to guard the home youre renting out. For extra 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. With luck, this record has helped you narrow down which source of income is most effective for you.

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