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If so, check out a website like Shutterstock.  You send your photographs to Shutterstock and if they are accepted, every 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 individuals make their lives simpler, you might 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 made over $1Million from his iFart program.

While these are the exceptions, there are plenty of people making thousands of dollars each month with their mobile programs.

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

Check out Wrapify to see how you could be able to make 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 work from anywhere. Starting one from scratch can take a lot of time and tools. Why not consider buying an already established online business Websites like Biz Buy Sell have hundreds of online business listings that are for sale in varying price ranges. .

Check to see whether there's an online business for sale that is in line with your passions or hobbies. Again, in order for this notion 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 created laundromats that are offered 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 affordable. It makes far more financial sense to purchase an already established laundromat than to start from scratch.

I am shocked by the lack of batting cage facilities. Baseball Go Here is one of the most well-known sports for kids in America. 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'll have to have a significant centre, equipment, and someone to run the cage.

So be 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 products even with no prior design abilities. Websites such as Redbubble permit you to upload your witty design ideas and then create t-shirts, coffee mugs, laptop covers, etc..

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Shoppers then stop by the website and check out your products. When they buy one of the 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 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 might not earn as much of a return as a Peer-to-Peer lending investment, bonds and CDs also generally arrive 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 range of things. Craigslist can be a great place to advertise 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. Additionally, get paid in money beforehand, and find a current photo ID and secondary evidence of address from renters.

This will help you to protect the property youre renting out. For extra peace of mind, consider requesting a security deposit as well.

As you can see check my source 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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If youre tired of the traditional way of making money, implement a few of the passive income strategies above so you can begin working less and making more money while you sleep now.