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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 far more financial sense to purchase an already established laundromat than to begin from scratch.

I am shocked by the lack of batting cage facilities. Baseball is one of the most popular sports for kids in the usa. Yet batting cages are hard to come by depending on where you live.

Something to be aware of, however, is that these can need a good deal of money up front. You'll need to have a big facility, equipment, and someone to run the cage.

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So make 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 option.

Another way you can make passive income is by designing t-shirts and other goods even with no prior design abilities. Sites such as 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 check out your products. When they buy one of the 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 several different bonds and/or Certificates of Deposit. Each one develops at different times during the year. Then you simply take the profits from these investments as cash income during the year.

Although many CDs and bonds might 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 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 great place to advertise your items for rent. Here are some thoughts of products that you could rent out:

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

This can allow you to protect the home 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 make passive income. Hopefully, this list has helped you narrow down which source of income is best for you.

So if youre tired of this traditional means try here of making money, implement some of the passive income strategies above so that 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 path to the dress-me-in-the-white-jacket ideas like writing articles for adsense, Ive thought about nearly every passive income flow there is.

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

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

PS look at this website 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 mad, eg compose a quality 20,000 word blossom (insanely not passive hahahah), but then you get to sit back and enjoy seeing PayPal sale messages pop up on your own iPhone each morning as sale after sale after sale is madeon an ongoing basis and without any additional effort.

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