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The reason why you would want to purchase an existing laundromat is the startup costs are pretty large. 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'm shocked by the lack of batting cage facilities. Baseball is one of the most popular sports for kids in the usa. Nonetheless batting cages are hard to come by depending on your geographical area.

Something to be aware of, though, is that these can require a good deal of money up front. You will have 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 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 prior design skills. Sites such as Redbubble permit you to upload your witty design ideas and then create t-shirts, coffee mugs, notebook covers, etc..

Shoppers then stop by the website and check out your goods. When they buy one of your designs, Redbubble will pay you a portion of the profits. They handle all of 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 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 can help 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 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 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 as well.

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As you can see there are a ton of ways that you can earn passive income. With luck, 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 approaches above so that you can start working 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. .

From the wise notions like an online course to the dress-me-in-the-white-jacket notions like writing posts for adsense, Ive thought about pretty much every passive income flow there is.

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

Unfortunately no one has even till this day made an entire list. I spent the last week getting loaded on strong Ethiopian espresso and compiling every different income view it stream from my mind, my notes and the net 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 thoughts 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 effort.

As you can observe passive income streams simply come from assets, and resources are either bought with money (eg rental property) or in the case of most of the ideas under, purchased through perspiration (eg ebook)!

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