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If so, check out a site like Shutterstock.  You send your photographs 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 are 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 fantastic 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 each 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 put 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 determine how you could be able 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 that are for sale in varying price ranges. .

Check to see if there's an online business for sale that's in line with your passions or hobbies. Again, in order for this notion to make passive income, youll need to hire someone to run the business.

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Heres another turnkey passive income business thought. 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 pretty large. Commercial washers and dryers are not cheap. It makes a lot more financial sense to purchase an already established laundromat than to start from scratch.

I'm shocked by the lack of batting cage facilities. Baseball is one of the most well-known sports for kids in America. Yet batting cages are tough to come by depending on your geographical area.

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Something to be aware of, however, is that these can need a great deal of money up front. You will need to have a big facility, equipment, and someone to run the crate.

So make certain that you 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 abilities. 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 stop by the website and check out your products. When they purchase one of your designs, Redbubble will pay you a portion of the gains. They handle all the production and shipping of products.

Bond and CD laddering involves owning several different bonds and/or Certificates of Deposit. Each one matures at different times during the year. Then you take the profits from these investments as cash income during the year.

Though 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 solid income supply on a regular basis.

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Thousands of people daily are looking to rent any range of items. Craigslist can be a great place to advertise your items for rent. Here are some ideas of products You Could rent out:

Just make sure content that 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 address from renters.

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

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