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If so, check out a site 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're a bit techie and can come up with some unique tips for mobile programs, or improve upon an existing app 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 someone, somewhere. For instance, Joel Comm created over $1Million from his iFart program.

As these are the exceptions, there are plenty of people making thousands of dollars per month using their mobile programs.

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How would you like 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 few hundred dollars each month by simply driving your car around town.

Check out Wrapify to see 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 the majority will enable you to operate from anywhere. Starting one from scratch can take a good deal of time and tools. Why not consider buying an already established online business Sites such as Biz Buy Sell have hundreds of online business listings which are available 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 employ 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 buy an existing laundromat is the startup costs are fairly large. Commercial washers and dryers are not affordable. It makes a lot more financial sense to buy an already established laundromat than to start from scratch.

I am shocked by the lack of batting cage facilities. Continued Baseball is one of the most well-known sports for kids in America. Nonetheless 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 lot of money up front. You will have to have a big facility, equipment, and someone to run the cage.

So make certain to 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 choice.

Another way you can make passive income is by designing t-shirts and other goods even with no prior design skills. Sites like Redbubble permit you to upload your witty design ideas and then make t-shirts, coffee mugs, laptop covers, etc..

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Shoppers then visit the site and check out your goods. When they purchase one of the designs, Redbubble will pay you a portion of the profits. They handle all the production and shipping of products.

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

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Thousands of people every day are looking to rent any range of things. Craigslist can be a excellent 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. Additionally, get paid in money beforehand, great site and get 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 too.

As you can see there are a ton of ways which you can earn passive income. With luck, this websites list has helped you narrow down which source of income is most effective for you.

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If youre tired of this traditional way of making money, implement a few of the passive income approaches above so that you can start working and making more money while you sleep today.