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The reason you would want to purchase an existing laundromat is the startup costs are pretty high. Commercial washers and dryers are not affordable. It makes a lot more financial sense to purchase an already established laundromat than to start from scratch.

I am shocked by the lack of batting cage facilities. Baseball is one of the most popular sports for children in the usa. Yet batting cages are hard to come by depending on your geographical area.

Something to know about, however, is that these can need a good deal of money up front. You'll need to have a big centre, equipment, and someone to run the cage.

 

 

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So be certain 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 option.

 

 

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Another way you can make passive income is by designing t-shirts and other goods even with no previous design skills. Sites like Redbubble allow you to upload your witty design ideas and then make t-shirts, coffee mugs, notebook covers, etc..

Shoppers then visit the site and check out your products. When they buy one of your designs, Redbubble will pay you a portion of the gains. They handle all the production and shipping of merchandise.
 

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Bond and CD laddering involves owning a number of different bonds and/or Certificates of Deposit. Each one matures at different times during the year. Then you take the profits from those 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 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 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 address from renters.

This will help you to guard the home youre renting out. For extra 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 record has helped you narrow down which source of income is most effective for you.

If youre tired of the traditional way of making money, implement some of the passive income approaches above so you can begin working less and making more money while you sleep now.

**The information contained herein neither constitutes an offer for nor a solicitation of interest in any securities offering; however, if an indication of interest is provided, it may be withdrawn or revoked, without obligation or commitment of any kind before 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 articles 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 large fat epic record of all of the possible passive income streams there were.

Unfortunately no one has even until this afternoon made official website a complete list. So I spent the last week getting wealthy on strong Ethiopian espresso and compiling every different income flow from my mind, my notes and the net 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 thoughts 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 blossom (insanely not passive hahahah), but then you get to sit back and enjoy seeing PayPal sale messages pop up on your iPhone each morning available 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 either check this site out bought with money (eg rental property) or even in the case of almost all of the ideas under, bought through sweat (eg ebook)!

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