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The reason you would want to buy an existing laundromat is the startup costs are fairly large. 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 children in America. Nonetheless batting cages are tough to come by depending on your geographical area.

Something to be aware of, though, is that these can need a lot of money up front. You'll have to have a big 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 could possibly be a more financially sound choice.

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Another way you can make passive income is by designing t-shirts and other products even with no previous design skills. Sites like Redbubble allow you to upload your witty design ideas and then create t-shirts, coffee mugs, laptop covers, etc..

Shoppers then visit the site and take a look at your goods. When they buy one of the 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 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.

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 arrive with little to no risk. This helps ensure a good income source 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 great place to advertise your items for rent. Here are some thoughts of products that you could rent out:

Just make sure you have a proper rental agreement signed by both parties. Also, get paid in money look at this now beforehand, and get a current photo ID and secondary proof of speech from renters.

This will allow you to guard the property youre renting out. For additional 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 make passive income. With luck, this list has helped you narrow down which source of income is most effective for you.

If youre tired of the traditional way of making money, implement a few of the passive income approaches above so that 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. .

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

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

Unfortunately no one has even till this afternoon made a complete list. I spent the last week getting wealthy on strong Ethiopian espresso and compiling every different income stream from my mind, my notes and the world wide interwebs!

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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 compose 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 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 resources, and resources are either bought with money (eg rental property) or in the case of most of the ideas below, bought through sweat (eg ebook)!

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