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Have you ever wondered how you could make money taking pictures Do you have an eye when it comes to taking good photos
If so, take a look at a site like Shutterstock. You send your photos to Shutterstock and if they're accepted, every time one of Shutterstocks clients downloads one of your photos 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 program that will help people make their lives simpler, you might land yourself a great source of passive income.
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Every app on your phone is making money for somebody, 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 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 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 determine how you could have the ability 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 permit 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 Sites such as Biz Buy Sell have hundreds of online business listings which are available in varying price ranges. .
Check to find out if there is an online business for sale that is 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 established laundromats that are available for sale.
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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 buy an already established laundromat than to begin from scratch.
I am shocked by the lack of batting redirected here 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.
Something to know about, however, is that these can need a lot of money up front. You'll need to have a significant facility, equipment, and someone to run the crate.
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So be 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 option.
Another way you can make passive income is by designing t-shirts and other products even with no previous design skills. Sites like Redbubble allow you to upload your witty design ideas and then make t-shirts, coffee mugs, laptop covers, etc..
Shoppers then stop by the site and check out your products. When they purchase one of the designs, Redbubble will pay you a portion of the profits. They handle all of the production and shipping of merchandise.
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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 take the profits from these investments as cash income during the year.
Although many CDs and bonds may not earn as much of a return as a Peer-to-Peer lending investment, bonds and CDs also generally come with little to no risk. This can help ensure a good income source on a regular basis.
Thousands of people every day are looking to rent any variety of items. Craigslist can be a great place to promote your items for rent. Here are some thoughts of products You Could rent out:
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Just make sure that you have a proper rental agreement signed by both parties. Also, get paid in cash beforehand, and get a current photo ID and secondary evidence of speech from renters.
This can allow you to guard the property youre renting out. For additional peace of mind, consider requesting a safety deposit as well.
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If youre tired of the traditional way of making money, implement some of the passive income approaches above so you can begin working less and making more money while you sleep now.