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Have you ever wondered how you can make money taking pictures Do you have an eye when it comes to taking good photographs
If so, check out a site like Shutterstock. You send your photographs to Shutterstock and if they are approved, each 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 some unique ideas for mobile apps, or improve upon an existing program that will help people 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 app.
While these are the exceptions, there are plenty of people making thousands of dollars per month with their mobile programs.
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 couple of hundred dollars each month simply by driving your car around town.
Check out Wrapify to determine 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 allow you to work from anywhere. Starting one from scratch can take a whole 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.
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 fairly large. Commercial washers and dryers are not affordable. It makes a lot 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 well-known sports for children in the usa. Yet batting cages are hard to come by depending on where you live.
Something to be aware of, though, is that these can require a lot of money up front. You'll have to have a significant centre, equipment, and someone to run the crate.
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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 option.
Another way you can make passive income is by designing t-shirts and other products 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, laptop covers, etc..
Shoppers then visit the site and check out your products. When they buy one of your 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 many different bonds and/or Certificates of Deposit. Each one develops 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 of a return as a Peer-to-Peer lending investment, bonds and CDs also generally arrive with little to no danger. This can help ensure a good income source on a regular basis.
Thousands of people every day are looking to rent any variety of things. Craigslist can be a excellent place to advertise your items for rent. Here are check some ideas of products You Could rent out:
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Just ensure 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 will help you to guard the property youre renting out. For additional peace of mind, consider requesting a security deposit as well.
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If youre tired of this traditional means of making money, implement some of the passive income strategies above so that you can begin working and making more money as you sleep today.