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If so, check out a site like Shutterstock.  You send your photos to Shutterstock and if they are approved, each 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 which will help people make their lives better, you may land yourself a great source of passive income.

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Every program 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 prefer to create 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 by simply driving your vehicle around town.

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

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The beauty of an online business is that the majority 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 which are for sale in varying price ranges. .

Check to see if 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 employ 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.

The reason why you would want to purchase an existing laundromat is that the startup costs are fairly high. 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'm 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 know about, however, is that these can require a lot of money up front. You'll have to have a big facility, equipment, and someone to run the crate.

So make 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 previous design abilities. Sites 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 stop by the website and check out 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 products.

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

Although 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 danger. This can help ensure a good income supply on a regular basis.

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Thousands of people daily are click this site looking to rent any range of things. Craigslist can be a great place to advertise your items for rent. Here are some thoughts of products You Could rent out:

Just ensure you have a proper rental agreement signed by both parties. Also, get paid in cash beforehand, and get a current photo ID and secondary proof of address from renters.

This can allow you to protect 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. 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 of the traditional means of making money, implement a few of the passive income strategies above so that you can begin working and making more money as you sleep now.