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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 photos
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're a bit techie and can produce some unique ideas for mobile programs, 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 someone, somewhere. For instance, Joel Comm made over $1Million from his iFart program.
While these are the exceptions, there are plenty of people making thousands of dollars per month with their mobile programs.
How would you like to create 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 couple of hundred dollars each month simply by driving your vehicle around town.
Check out Wrapify to see how you might be able to make passive income by simply wrapping your car with an advertisement.
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The beauty of an online business is that the majority will allow 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 which are for sale in varying price ranges. .
Check to find out if there's an online business for sale that is 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.
Heres another turnkey passive income business idea. Many cities have created laundromats which are offered for sale.
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The reason why you would want to purchase an existing laundromat is that the startup costs are fairly high. Commercial washers and dryers are not cheap. It makes a lot more financial sense to buy 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 popular sports for kids in America. Yet batting cages are hard to come by depending on where you live.
Something to be aware of, though, is that these can need a lot of money up front. You will need to have a significant facility, equipment, and someone to run the cage.
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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 prior design skills. Sites like Redbubble permit you to upload your witty design ideas and then create t-shirts, coffee mugs, notebook 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 gains. They handle all the production and shipping of products.
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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 those investments as cash income during the year.
Although many CDs and bonds might not earn as much return as a Peer-to-Peer lending investment, bonds and CDs also generally arrive with little to no risk. This can help ensure a solid 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 look at this web-site advertise your items for rent. Here are some ideas of products that you could rent out:
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Just ensure 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 proof of speech from renters.
This can allow you to protect the property youre renting out. For extra peace of mind, consider requesting a security deposit too.
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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 today.