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The reason why you would want to buy an existing laundromat is that the startup costs are fairly high. Commercial washers and dryers are not cheap. It makes far 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 popular sports for kids in America. Yet batting cages are tough to come by depending on your geographical area.

Something to know about, however, is that these can require a lot of money up front. You'll have to have a significant facility, equipment, and someone to run the crate.

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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 goods even with no prior design skills. Sites such as Redbubble allow you to upload your witty design ideas and then make t-shirts, coffee mugs, laptop covers, etc..

Shoppers then visit the site and check out your goods. When they purchase one of the designs, Redbubble will pay you a portion of the gains. They handle all the production and shipping of merchandise.

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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 may not earn as much return as a Peer-to-Peer lending investment, bonds and CDs also generally arrive with little to no risk. This helps ensure a solid income source on a regular basis.

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

Just ensure browse around these guys 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 will allow you to guard the home youre renting out. For extra peace of mind, consider requesting a security deposit too.

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As you can see there are a ton of ways that you can earn passive income. With luck, this list has helped you narrow down which source of income is most effective for you.

So if youre tired of this traditional way of making money, implement a few of the passive income approaches above so you can begin working less and making more money as you sleep today.

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Joining the Fundrise Platform neither constitutes an indication of interest in any offering nor involves any obligation or commitment of any kind. .

In the smart notions like an online path to the dress-me-in-the-white-jacket notions like writing articles for adsense, Ive thought about pretty much every passive income stream there is.

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During this time the one thing I wanted more than anything else, was a large fat epic list of all of the possible passive income flows there were.

Unfortunately no one has even until this day made a complete list. So I spent the past week getting loaded on strong Ethiopian espresso and compiling every different income flow from my mind, my notes and the world wide interwebs!

PS if you want to cut to the chase you can get access to 3 of my preferred passive income ideas right here or you can check out 30 of my favorite real life passive income businesses here.

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Ie first you need to haul ass and do something crazy, eg write a quality 20,000 word ebook (insanely not passive hahahah), but then you have to sit back and enjoy seeing PayPal sale messages pop up on your own iPhone each morning available after sale after sale is madeon an ongoing basis and without any additional effort.

As you can see passive income streams simply come from assets, and resources are bought with money (eg rental property) or in the event of most of the ideas under, bought through sweat (eg ebook)!