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The reason you would want to buy an existing laundromat is the startup costs are fairly high. Commercial washers and dryers are not affordable. It makes far 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 kids in America. Yet batting cages are hard to come by depending on where you live.

Something to be aware of, though, is that these can require 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 be 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.

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

Shoppers then visit the website and check out your goods. When they buy one of the designs, Redbubble will pay you a portion of the profits. 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. Each one matures at different times during the year. Then you take the profits from these investments as cash income during the year.

Though many CDs and bonds might not earn as much return as a Peer-to-Peer lending investment, bonds and CDs also generally arrive with little to no danger. This helps ensure a good income supply 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 thoughts of products that you could rent out:

Just ensure 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 speech from renters.

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

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As you can see there are a ton of ways that you can make passive income. Hopefully, this record has helped you narrow down which source of income is most effective for you.

So if youre tired of this traditional means of making money, implement a few of the passive income approaches above so you can begin working less and making more money as you sleep today.

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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. .

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's.

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

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

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PS if you want to cut to the chase you can get access to 3 of my preferred passive income thoughts 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 write a quality 20,000 word ebook (insanely not passive hahahah), but then you have 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 work.

Because you can see passive income streams simply get more come from resources, and assets are either bought with money (eg rental property) or even in the event of most of the ideas under, bought through perspiration (eg ebook)!

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