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The reason why you would want to buy an existing laundromat is that the startup costs are pretty high. Commercial washers and dryers are not affordable. 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 America. Yet batting cages are hard to come by depending on where you live.

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

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So be 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 visit 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 of 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. Each one develops at different times during the year. Then you take the profits from these investments as cash income during the year.

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

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Thousands of people daily are looking to rent any variety of things. Craigslist can be a great place to promote your items for rent. Here are some thoughts of products that you could rent out:

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

This can help you to guard the property 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. Hopefully, this list has helped you narrow down which source of income is most effective for you.

So if youre tired of the traditional means of making money, implement a few of the passive income approaches above so you can begin working and making more money while you sleep now.

**The information contained herein neither constitutes an offer for nor a solicitation of interest in any securities offering; however, if an indication of interest is supplied, it might be withdrawn or revoked, without obligation or commitment of any kind prior to being approved following the qualification or effectiveness of the applicable offering document, and any offer, solicitation or sale of any securities will be made only by means of an offering circular, private placement memorandum, or prospectus.

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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 notions like an online course to the dress-me-in-the-white-jacket ideas like writing posts for adsense, Ive thought about nearly every passive income flow there's.

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

Unfortunately no one has even till this afternoon made an entire list. So I spent the last week getting wealthy 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 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 blossom (insanely not passive hahahah), but then you get 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.

Because you can see passive income flows simply come from assets, and resources are either bought with money (eg rental property) or even in the event of almost all of the ideas below, bought through perspiration (eg ebook)!

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