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The reason you would want to purchase an existing laundromat is that the startup costs are fairly large. Commercial washers and dryers are not cheap. It makes a lot more financial sense to buy 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 the usa. Nonetheless batting cages are hard to come by depending on where you live.

Something to know about, though, is that these can need a lot of money up front. You will have to have a big facility, equipment, and someone to run the cage.

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So make certain to 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.

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

Shoppers then visit the site and take a look at your products. When they purchase 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.

Although many CDs and bonds might not earn as much return as a Peer-to-Peer lending investment, bonds and CDs also generally arrive with little to no risk. This can help ensure a good income source on a regular basis.

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Thousands of people every day are looking to rent any variety of things. Craigslist can be a wonderful place to advertise your items for rent. Here are some ideas of products 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 help you to protect the home youre renting out. For extra 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 earn 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 way of making money, implement a few of the passive income strategies above so you can start working 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. .

From the smart notions 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 is.

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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 streams there were.

Unfortunately no one has even till this day made an entire 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!

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PS if you want to cut to the chase you can get access to 3 of my favorite passive income ideas here or you can check out see this page 30 of my beloved read this article 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 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 resources, and resources are 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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