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

If you're a bit techie and can come up with a few unique tips for mobile programs, or improve upon an existing program that will help people make their lives simpler, you may land yourself a great source of passive income.

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Every program on your phone is making money for someone, 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 per month with their mobile apps.

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How would you prefer 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 couple of hundred dollars each month simply by driving your car around town.

Check out Wrapify to see how you could have the ability to make passive income by 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 Sites like Biz Buy Sell have hundreds of online business listings that are available in varying price ranges. .

Check to see if there is an online business for sale that is in line with your passions or hobbies. Again, in order for this notion 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 buy an existing laundromat is the startup costs are fairly large. Commercial washers and dryers are not cheap. It makes far more financial sense to buy an already established laundromat than to start from scratch.

I am shocked by the lack of batting cage facilities. Baseball is one of the most popular sports for kids in America. Yet batting cages are hard to come by depending on where you live.

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Something to know about, however, is that these can need a great deal of money up front. You will have to have a significant centre, equipment, and someone to run the crate.

So make 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. Sites 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 visit the website and check out your goods. 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 products.

Bond and CD laddering involves owning several different bonds and/or Certificates of Deposit. Each one develops at different times during the year. Then you 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 risk. This helps ensure a good income supply on a regular basis.

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Thousands of people every day 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 ensure that you have a proper rental agreement signed by both parties. Also, get paid in money beforehand, and find a current photo ID and his comment is here secondary evidence of address from renters.

This will help you to protect the home youre renting out. For additional peace of mind, consider requesting a security deposit too.

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