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The reason why you would want to purchase an existing laundromat is that the startup costs are fairly high. Commercial washers and dryers are not affordable. It makes far 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 children in the usa. Nonetheless batting cages are hard to come by depending on your geographical area.

Something to know about, however, is that these can need a good deal of money up front. You will have to have a big centre, equipment, and someone to run the cage.

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So be 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 products even with no previous design abilities. Websites such as Redbubble allow you to upload your witty design ideas and then create t-shirts, coffee mugs, laptop covers, etc..

Shoppers then stop by the website and check out your products. When they purchase one of your 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 a number of different bonds and/or Certificates of Deposit. Each one matures at different times during the year. Then you simply take the profits from these investments as cash income during the year.

Though 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 danger. This can help ensure a good 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 wonderful place to advertise your items for rent. Here are some ideas of products that you could rent out:

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

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

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As you can see there are a ton of ways that you can earn passive income. Hopefully, this record 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 a few of the passive income strategies above so that you can begin working less and making more money while 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. .

In the smart notions like an online course to the dress-me-in-the-white-jacket ideas like writing articles for adsense, Ive thought about pretty much every passive income stream there is.

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

Unfortunately no one has even till this afternoon made a complete list. I spent the last week getting wealthy on strong Ethiopian espresso and compiling every different income stream 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 preferred passive income thoughts here or you can check out 30 of my beloved click to read 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 get to sit back and enjoy seeing PayPal sale messages pop up on your own iPhone each morning available after sale after sale is madeon an ongoing basis and without any additional work.

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

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