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The reason you would want to purchase an existing laundromat is the startup costs are pretty large. Commercial washers and dryers are not cheap. 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 well-known sports for kids in the usa. Yet batting cages are tough to come by depending on your geographical area.

Something to be aware of, though, is that these can require a lot of money up front. You'll need to have a significant facility, equipment, and someone to run the crate.

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So be sure that you 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 goods even with no prior design abilities. Websites such as Redbubble permit you to upload your witty design ideas and then make t-shirts, coffee mugs, laptop covers, etc..

Shoppers then stop by the site and check out your products. 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 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 return as a Peer-to-Peer lending investment, bonds and CDs also generally arrive with little to no risk. 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 items. Craigslist can be a wonderful place to promote your items for rent. Here are some ideas of products that you could rent out:

Just ensure you have a proper rental agreement signed by both parties. Also, get paid in money beforehand, and get a current photo ID and secondary evidence of address from link renters.

This can help you to protect the home youre renting out. For additional peace of mind, consider requesting a security 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 list has helped you narrow down which source of income is best for you.

So if youre tired of the traditional means of making money, implement some of the passive income strategies 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 stream there's.

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

Unfortunately no one has visit site even until this afternoon made an entire list. So 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 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 mad, eg write 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 iPhone each morning as sale after sale after sale is madeon an ongoing basis and without any additional work.

As you can observe passive income streams simply come from assets, and assets are either bought with money (eg rental property) or even in the case of almost all of the ideas below, purchased through perspiration (eg useful reference ebook)!

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