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The reason why you would want to buy 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 buy 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 well-known sports for kids in the usa. Yet batting cages are tough to come by depending on where you live.

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

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So make sure to 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 option.

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

Shoppers then stop by the site and check out your goods. When they buy one of the 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 a number of 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.

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 come with little to no risk. This helps ensure a solid income source on a regular basis.

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Thousands of people daily are looking to rent any range of things. Craigslist can be a great place to promote your items for rent. Here are some thoughts 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 find a current photo ID and secondary evidence of address from renters.

This will allow you to protect the property 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 that you can earn passive income. Hopefully, this record has helped you narrow down which source of income is best for you.

If youre tired of this traditional way of making money, implement some of the passive income strategies above so that you can start working and making more money as you sleep today.

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Joining the Fundrise Platform neither constitutes an indication of interest in visit the site any offering nor involves any obligation or commitment of any kind. .

In the smart notions like an online course to the dress-me-in-the-white-jacket ideas like writing posts for adsense, Ive thought about pretty much every passive income flow 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 the possible passive income flows there were.

Unfortunately no one has even until this day made an entire list. I spent the last week getting loaded on strong Ethiopian espresso and compiling every different income stream 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 ideas 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 blossom (insanely not passive hahahah), but then you have to sit back and enjoy seeing PayPal sale messages pop up on your own iPhone every morning available after sale after sale is madeon an ongoing basis and without any additional effort.

Because you can observe passive income flows simply come out of resources, and resources are either bought with money (eg rental property) or even in the case of most of the ideas below, bought through sweat (eg ebook)!

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