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The reason you would want to purchase an existing laundromat is that the startup costs are pretty large. Commercial washers and dryers are not cheap. It makes a lot 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 popular 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 require a good deal of money up front. You will have to have a big facility, equipment, and someone to run the crate.

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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.

Another way you can make passive income is by designing t-shirts and other goods 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 stop by the site and take a look at your products. When they buy one of the designs, Redbubble will pay you a portion of the profits. They handle all 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 these investments as cash income during the year.

Though 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 risk. This can help 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 you have a proper rental agreement signed by both parties. Additionally, get paid in money beforehand, and find a current photo ID and secondary evidence of address from renters.

This will help you to guard the home youre renting out. For additional peace of mind, consider requesting a safety deposit too.

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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.

If youre tired of the traditional means of making money, implement a few of the passive income strategies above so you can begin working less and making more money while you sleep now.

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In the wise notions 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 flow there's.

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

Unfortunately no one has even till this afternoon made an entire list. So I spent the last week getting wealthy on strong Ethiopian espresso and compiling every different income stream from my mind, my notes and the world wide interwebs!

PS Read More Here if you want to cut to the chase you can get access to 3 of my preferred passive income ideas right 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 get 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 resources, and assets are bought with money (eg rental property) or even in the event of most of the ideas under, purchased through perspiration (eg ebook)!