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The reason why you would want to buy 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 begin from scratch.

I am shocked by the lack of batting cage facilities. Baseball is one of the most well-known sports for children in America. Yet batting cages are hard to come by depending on where you live.

Something to be aware of, however, is that these can need 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 to 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 products even with no prior design skills. Websites like Redbubble allow you to upload your witty design ideas and then create t-shirts, coffee mugs, notebook covers, etc..

Shoppers then visit the site and take a look at your goods. When they purchase one of your 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 develops 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 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 helps ensure a good income source on a regular basis.

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Thousands of people every day are looking to rent any range of things. Craigslist can be a great place to promote your items for rent. Here are some ideas of products 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 address from renters.

This will help you to guard the home youre renting out. For extra peace of mind, consider requesting try here 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 some of the passive income strategies above so you can start working less and making more money as you sleep now.

**The information contained herein neither constitutes an offer for nor a solicitation of interest in any securities offeringnonetheless, if an indication of interest is supplied, it may be withdrawn or revoked, without obligation or commitment of any kind prior to being accepted 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 notions like writing posts for adsense, Ive thought about nearly every passive income stream there is.

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

Unfortunately no one has even till this day made a complete list. So I spent the past week getting wealthy on strong Ethiopian espresso and compiling every different income stream from my head, 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 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 write 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 see passive income flows simply come from resources, read what he said and resources are either bought with money (eg rental property) or even in the case of almost all of the ideas under, purchased through perspiration (eg ebook)!

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