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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 far 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 children in America. Yet batting cages are tough to come by depending on where you live.

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

 

 

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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 skills. Sites such as Redbubble permit you to upload your witty design ideas and then make t-shirts, coffee mugs, laptop covers, etc..

Shoppers then visit the website and check out your goods. When they purchase 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 matures 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 solid income source on a regular basis.

 

 

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Thousands of people daily are looking to rent any variety of items. Craigslist can be a great 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. Also, get paid in cash beforehand, and get a current photo ID and secondary evidence of speech 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 which you can earn passive income. Hopefully, 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 as you sleep today.

**The information contained herein neither constitutes an offer for nor a solicitation of interest in any securities offering; however, whenever an indication of interest is provided, it may be withdrawn or revoked, without obligation or commitment of any kind before being approved following the qualification or effectiveness of the related 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 smart ideas like an online path to the dress-me-in-the-white-jacket ideas like writing articles for adsense, Ive thought about nearly every passive income flow there is.

 

 

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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 flows there were.

Unfortunately no one has even till this day made a complete list. I spent the past week getting loaded 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 useful site 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 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 have to sit back and enjoy seeing PayPal sale messages pop up on your own iPhone each morning as sale after sale after sale is madeon an ongoing basis and without any additional work.

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

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