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

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

Something to know about, though, is that these can require a lot of money up front. You'll have to have a significant centre, equipment, and someone to run the cage.

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So make sure 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 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. Websites such as Redbubble allow you to upload your witty design ideas and then make t-shirts, coffee mugs, notebook covers, etc..

Shoppers then stop by the site and check out your products. When they purchase one of the designs, Redbubble will pay you a portion of the profits. They handle all the production and shipping of products.

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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 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 can help ensure a solid income supply on a regular basis.

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Thousands of people daily are looking to rent any variety of things. 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 money beforehand, and get a current photo ID and secondary evidence of address from renters.

This will allow you to protect the home youre renting out. For additional peace of mind, consider requesting a security deposit as well.

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As you can see there are a ton of ways which you can earn passive income. With luck, this list has helped you narrow down which source of income is best for you.

So if youre tired of the traditional way of making money, implement some of the passive income strategies above so you can start working less 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. .

In the smart notions 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 stream there's.

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

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

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PS if you want to cut to the chase you can get access to 3 recommended you read of my favorite passive income ideas 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 have to sit back and enjoy seeing PayPal sale messages pop up on your iPhone every morning as sale after sale after sale is madeon an ongoing basis and without any additional work.

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

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