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The reason you would want to buy an existing laundromat is that the startup costs are pretty large. Commercial washers and dryers are not affordable. It makes a lot more financial sense to purchase an already established laundromat than to start from scratch.

I'm shocked by the lack of batting cage facilities. Baseball is one of the most well-known sports for kids in America. Yet batting cages are tough to come by depending on your geographical area.

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

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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 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 goods even with no prior design abilities. Websites like Redbubble permit you to upload your witty design ideas and then make t-shirts, coffee mugs, notebook covers, etc..

Shoppers then stop by the site and take a look at your goods. When they buy one of your 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. Each 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 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 solid 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 wonderful place to advertise your items for rent. Here are some ideas of products You Could rent out:

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

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

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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.

So if youre tired of this traditional way of making money, implement some of the passive income strategies above so you can start working and making more money while article 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 wise ideas like an online path to the dress-me-in-the-white-jacket notions like writing posts for adsense, Ive thought about pretty much every passive income flow there's.

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

Unfortunately no one has even till this day made a complete list. So I spent the last week getting wealthy on strong Ethiopian espresso and compiling every different income stream from my head, 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 beloved 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.

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

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