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Have you ever wondered how you could make money taking photos 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 are approved, every time one of Shutterstocks clients downloads one of your photographs youll get a paid a royalty.
If you are a bit techie and can produce a few unique tips for mobile apps, or improve upon an existing program which 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.
As these are the exceptions, there are plenty of people making thousands of dollars per month using 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 couple of hundred dollars each month by simply driving your car around town.
Check out Wrapify to determine how you might 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 Sites such as Biz Buy Sell have hundreds of online business listings that are for sale in varying price ranges. .
Check to find out whether 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 employ someone to run the business.
Heres another turnkey passive income business idea. Many cities have established laundromats that are available for sale.
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The reason why you would want to buy an existing laundromat is that the startup costs are pretty large. Commercial washers and dryers are not affordable. It makes far more financial sense to purchase an already established laundromat than to begin from scratch.
I am shocked by the lack of batting cage facilities. Baseball is one of the most popular sports for children in the usa. Nonetheless batting cages are hard to come by depending on where you live.
Something to know about, though, is that these can require a lot of money up front. You'll need to have a significant centre, equipment, and someone to run the crate.
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So be 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 choice.
Another way you can make passive income is by designing t-shirts and other products even with no prior design skills. Websites like Redbubble allow you to upload your witty design ideas and then create t-shirts, coffee mugs, notebook covers, etc..
Shoppers then stop by the website and take a look at your goods. When they purchase one of your designs, Redbubble will pay you a portion of the gains. 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. Each one matures at different times during the year. Then you simply take the profits from these investments as cash income during the year.
Though many CDs and bonds might not earn as much return as a Peer-to-Peer lending investment, bonds and CDs also generally come with little to no danger. This can help ensure a good income supply on a regular basis.
Thousands of people every day are looking to rent any variety of items. Craigslist can be a great place to advertise your items for rent. Here are some thoughts 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 money beforehand, and find a current photo ID and secondary proof of address from renters.
This can help you to guard the home youre renting out. For extra peace of mind, consider requesting a safety deposit as well.
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So if youre tired of this traditional way of making money, implement some of the passive income strategies above so that you can begin working less and making more money as you sleep today.