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The reason you would want to buy an existing laundromat is that the startup costs are pretty high. Commercial washers and dryers are not cheap. 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 popular sports for kids in America. Yet batting cages are tough 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 will have to have a big 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 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 abilities. Sites such as 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 check out your goods. When they buy one of the designs, Redbubble will pay you a portion of the gains. They handle all of 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 simply take the profits from those investments as cash income during the year.

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

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

Just ensure that you have a proper rental agreement signed by both parties. Also, get paid in money beforehand, and get a current photo ID and secondary proof of address from renters.

This will help you to guard the home youre renting out. For additional peace of mind, consider requesting a safety deposit as well.

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

If youre tired of the traditional means of making money, implement some of the passive income approaches above so you can start working and making more money while you sleep now.

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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 wise ideas like an online course to the dress-me-in-the-white-jacket ideas like writing articles for adsense, Ive thought about nearly every passive income stream there's.

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

Unfortunately no one has even until this day made a complete list. I spent the past week getting loaded on strong Ethiopian espresso and compiling every different income stream from my head, 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 thoughts here or you can check out 30 of my beloved 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 get to sit back and enjoy seeing PayPal sale messages pop up on your iPhone each morning visit the website available after sale after sale is madeon an ongoing basis and without any additional effort.

Because you can observe passive income flows simply come out of assets, and assets are either bought with money (eg rental property) or in the case of most of the ideas below, purchased through perspiration (eg ebook)!