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If so, take a look at a website like Shutterstock. You send your photos to Shutterstock and if they're approved, each time one of Shutterstocks clients downloads one of your photos youll receive a paid a royalty.
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Every program 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 each month with their mobile apps.
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How would you prefer to make 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 couple of hundred dollars each month by simply driving your car around town.
Check out Wrapify to see how you might be able to produce passive income by simply wrapping your car with an advertisement.
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The beauty of an online business is that the majority will enable you to work from anywhere. Starting one from scratch can take a good deal of time and tools. Why not consider buying an already established online business Sites like Biz Buy Sell have hundreds of online business listings that are for sale in varying price ranges. .
Check to see whether there is an online business for sale that's in line with your passions or hobbies. Again, in order for this idea to produce passive income, youll need to hire someone to run the business.
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Heres another turnkey passive income business idea. Many cities have established laundromats which are available for sale.
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Something to be aware of, though, is that these can need a great deal of money up front. You'll need to have a significant facility, equipment, and someone to run the cage.
So be 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 choice.
Another way you can make passive income is by designing t-shirts and other goods even with no prior design abilities. Sites such as Redbubble permit 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 goods. When they purchase one of the 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. Each one develops at different times during the year. Then you take the profits from those investments as cash income during the year.
Though many CDs and bonds may 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 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 make sure that 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 can allow you to guard the property youre renting out. For extra peace of mind, consider requesting a security deposit too.
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 best for you.
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If youre tired of this traditional means of making money, implement a few of the passive income approaches above so that you can start working less and making more money as you sleep today.