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The reason why you would want to buy an existing laundromat is that the startup costs are pretty large. Commercial washers and dryers are not cheap. It makes far more financial sense to buy 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 well-known sports for kids in America. Nonetheless batting cages are hard to come by depending on where you live.

Something to know about, however, is that these can need a lot of money up front. You'll have to have a significant facility, equipment, and someone to run the crate.

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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 abilities. Sites like Redbubble allow you to upload your witty design ideas and then create t-shirts, coffee mugs, laptop covers, etc..

Shoppers then visit the site and take a look at your products. When they purchase one of the designs, Redbubble will pay you a portion of the gains. They handle all the production and shipping of products.

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Bond and CD laddering involves owning several different bonds and/or Certificates of Deposit. Every one matures at different times during the year. Then you simply 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 helps ensure a good income supply 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 thoughts of products You Could rent out:

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

This will help you to protect the property 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 record has helped you narrow down which source of income is best for you.

If youre tired of the traditional means of making money, implement some of the passive income approaches above so that you can start working less and making more money as 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. .

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

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

Unfortunately no one has even until this afternoon made an entire list. So I spent the past 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 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 mad, 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 available after sale after sale is madeon an ongoing basis and without any additional effort.

Because you can observe passive income flows simply come from resources, and resources are bought with money (eg rental property) or even in the event of most of the ideas below, purchased through sweat (eg ebook)!

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