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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 affordable. 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 children in America. Nonetheless batting cages are hard to come by depending on your geographical area.

Something to know about, though, is that these can need 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 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 such as Redbubble permit you to upload your witty design ideas and then create t-shirts, coffee mugs, laptop covers, etc..

Shoppers then visit the website and take a look at your products. When they purchase one of your designs, Redbubble will pay you a portion of the profits. They handle all the production and shipping of merchandise.

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Bond and CD laddering involves owning a number of different bonds and/or Certificates of Deposit. Every one develops 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 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 helps ensure a solid income supply on a regular basis.

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Thousands of people every day are looking to rent any range of items. Craigslist can be a wonderful place to advertise your items for rent. Here are some thoughts of products that you could rent out:

Just ensure you have a proper rental agreement signed by both parties. Additionally, get paid in cash beforehand, and get a current photo ID and secondary evidence of speech from renters.

This can allow you to protect the property youre renting out. For extra peace of mind, consider requesting a safety deposit too.

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As you can see there are a ton of ways that you can earn passive income. Hopefully, 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 some of the passive income strategies above so you can begin working and making more money while you sleep today.

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In the smart notions like an online path to the dress-me-in-the-white-jacket ideas like writing articles for adsense, Ive thought about nearly every passive income flow there's.

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

Unfortunately no one has even until this afternoon made an entire list. I spent the last 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 here resource 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 mad, eg compose 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 every morning as sale after sale after sale is madeon an ongoing basis and without any additional work.

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