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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, take a look at a website like Shutterstock. You send your photos to Shutterstock and if they are approved, 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 come up with a few unique ideas for mobile apps, or improve upon an existing app that will help individuals make their lives better, you might land yourself a fantastic 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 app.
While these are the exceptions, there are plenty of people making thousands of dollars per month using their mobile apps.
How would you prefer 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 vehicle around town.
Check out Wrapify to see how you could 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 most 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 Sites like Biz Buy Sell have hundreds of online business listings that are available in varying price ranges. .
Check to see 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 offered for sale.
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The reason you would want to purchase an existing laundromat is that the startup costs are pretty high. Commercial washers and dryers are not cheap. 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 kids in the usa. Yet batting cages are hard to come by depending on where you live.
Something to know about, though, is that these can require a great deal of money up front. You will need to have a significant centre, equipment, and someone to run the cage.
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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 products even with no prior design abilities. Sites such as Redbubble permit you to upload your witty design ideas and then create t-shirts, coffee mugs, laptop covers, etc..
Shoppers then stop by the website and check out your goods. 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.
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Bond and CD laddering involves owning many different bonds check my source and/or Certificates of Deposit. Every one develops 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 of a return as a Peer-to-Peer lending investment, bonds and CDs also generally come with little to no danger. This helps ensure a good income source on a regular basis.
Thousands of people daily are looking to rent any variety of things. Craigslist can be a great place to advertise 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 find a current photo ID and secondary proof of address from renters.
This can help 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 this traditional way of making money, implement some of the passive income approaches above so you can start working less and making more money as you sleep today.