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Have you ever wondered how you could make money taking photos Do you have an eye when it comes to taking good photographs
In that case, take a look at 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 photographs youll receive a paid a royalty.
If you're a bit techie and can produce a few unique ideas for mobile programs, or improve upon an existing program that will help people make their lives better, you might land yourself a great 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 each month with their mobile apps.
How would you like to make money just for driving your car and not have to pick up any passengers By allowing companies to put 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 determine how you might 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 work from anywhere. Starting one from scratch can take a lot 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 hire someone to run the business.
Heres another turnkey passive income business thought. Many cities have created laundromats that are available for sale.
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The reason you would want to buy an existing laundromat is that the startup costs are fairly 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 is one of the most popular sports for kids in America. Nonetheless batting cages are hard to come by depending on where you live.
Something to know about, however, is that these can need a great deal of money up front. You'll have to have a big facility, equipment, and someone to run the cage.
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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 goods even with no previous design skills. Sites such as Redbubble permit you to upload your witty design ideas and then create t-shirts, coffee mugs, notebook covers, weblink etc..
Shoppers then stop by the site and check out your products. When they buy one of the designs, Redbubble will pay you a portion of the profits. They handle all of the production and shipping of products.
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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 take the profits from those investments as cash income during the year.
Although many CDs and bonds might 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.
Thousands of people daily are looking to rent any variety of items. Craigslist can be a great place to promote your items for rent. Here are some ideas of products You Could rent out:
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Just ensure that you have a proper rental agreement signed by both parties. Additionally, get paid in money beforehand, and get a current photo ID and secondary evidence of address from renters.
This can allow you to protect the property youre renting out. For additional peace of mind, consider requesting a security deposit too.
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So if youre tired of the traditional way of making money, implement some of the passive income approaches above so you can begin working and making more money as you sleep now.