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If so, check out a site like Shutterstock. You send your photographs to Shutterstock and if they are accepted, 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 a few unique ideas for mobile apps, or improve upon an existing app that 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 someone, somewhere. For instance, Joel Comm made over $1Million from his iFart app.
As these are the exceptions, there are plenty of people making thousands of dollars per 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 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 most will allow 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 Sites like Biz Buy Sell have hundreds of online business listings which are available in varying price ranges. .
Check to see whether there is 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 thought. Many cities have created laundromats which are available for sale.
The reason you would want to purchase an existing laundromat is the startup costs are pretty large. Commercial washers and dryers are not affordable. It makes far more financial sense to purchase an already established laundromat than to begin from scratch.
I am shocked by the lack of batting cage facilities. Baseball is one of the most popular sports for children in America. Nonetheless batting cages are hard to come by depending on your geographical area.
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Something to be aware of, however, is that content these can require a great deal of money up front. You will need to have a big facility, equipment, and someone to run the cage.
So make certain that you do your due diligence before you invest too much money in this endeavor. Buying an existing batting cage business could possibly 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. Websites like Redbubble allow you to upload your witty design ideas and then create t-shirts, coffee mugs, notebook covers, etc..
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Shoppers then stop by the website and take a look at your products. When they buy 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 Certificates of Deposit. Every one develops at different times during the year. Then you 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 danger. This helps 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 great place to promote your items for rent. Here are some thoughts of products that you could rent out:
Just make sure you have a proper rental agreement signed by both parties. Additionally, get paid in cash beforehand, and get a current photo ID and secondary proof of speech from renters.
This will allow you to protect 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 that you can earn passive income. With luck, this record has helped you narrow down which source of income is most effective for you.
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So if youre tired of this traditional way of making money, implement a few of the passive income approaches above so you can begin working less and making more money while you sleep now.