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If so, take a look at a website like Shutterstock.  You send your photos to Shutterstock and if they are approved, every time one of Shutterstocks clients downloads one of your photographs youll receive a paid a royalty.

If you are a bit techie and can come up with a few unique tips for mobile programs, or improve upon an existing program which will help individuals 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 with 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 put advertisements on your car windows, you can earn a few hundred dollars each month simply by driving your car around town.

Check out Wrapify to see how you might 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 enable you to operate 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 find out whether there's an online business for sale that's 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 idea. Many cities have established laundromats which are available for sale.

The reason you would want to purchase an existing laundromat is that 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 well-known sports for children in the usa. Yet batting cages are tough to come by depending on where you live.

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Something to be aware of, though, is that these can require a great deal of money up front. You'll need to have a significant facility, equipment, and someone to run the crate.

So make sure that you 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. Websites such as Redbubble permit 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 purchase 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 matures at different times during the year. Then you simply take the profits from those investments as cash income check over here 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 good income source on a regular basis.

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Thousands of people every day are looking to rent any variety of items. Craigslist can be a great place to advertise your items for rent. Here are some ideas of products that you could rent out:

Just ensure you have a proper rental agreement signed by both parties. Also, get paid in money beforehand, and find a current photo ID and secondary evidence of speech from renters.

This can allow you to guard 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 earn passive income. Hopefully, this record has helped you narrow down which source of income is best for you.

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So if youre tired of the traditional means of making money, implement some of the passive income strategies above so you can start working and making more money as you sleep now.