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If so, take a look at a site like Shutterstock. You send your photographs to Shutterstock and if they're approved, every time one of Shutterstocks clients downloads one of your photos youll receive a paid a royalty.
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Every app on your phone is making money for somebody, somewhere. For instance, Joel Comm created over $1Million from his iFart app.
As these are the exceptions, there are plenty of people making thousands of dollars per month using their mobile programs.
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How would you prefer to create money just for driving your car and not have to pick up any passengers By allowing companies to place advertisements on your car windows, you can earn a few hundred dollars each month by simply driving your vehicle around town.
Check out Wrapify to see how you might be able to make passive income by simply wrapping your car with an advertisement.
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The beauty of an online business is that most will allow you to work from anywhere. Starting one from scratch can take a lot of time and tools. Why not consider buying an already established online business Sites like Biz Buy Sell have hundreds of online business listings which are available in varying price ranges. .
Check to find out if there is an online business for sale that's in line with your passions or hobbies. Again, in order for this notion to make passive income, youll need to employ someone to run the business.
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Heres another turnkey passive income business thought. Many cities have established laundromats which are available for sale.
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Something to know about, however, is that these can require a great deal of money up front. You'll need to have a significant facility, equipment, and someone to run the cage.
So make 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 option.
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 allow you to upload your witty design ideas and then make t-shirts, coffee mugs, laptop covers, etc..
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Shoppers then stop by 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 of the production and shipping of merchandise.
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 those investments as cash income during the year.
Though many CDs and bonds might not earn as much of a return as a Peer-to-Peer lending investment, bonds and CDs also generally arrive with little to no risk. This about his 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 excellent place to promote your items for rent. Here are some thoughts of products You Could rent out:
Just ensure you have a proper rental agreement signed by both parties. Additionally, get paid in money beforehand, and find a current photo ID and secondary proof of address from renters.
This will help you to protect the property youre renting out. For extra peace of mind, consider requesting a security deposit as well.
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.
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If youre tired of this traditional means of making money, implement a few of the passive income strategies above so that you can start working and making more money while you sleep now.