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The reason 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 purchase an already established laundromat than to begin from scratch.

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

Something to know about, though, is that these can need a good deal of money up front. You will need to have a big facility, equipment, and someone to run the crate.

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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 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 prior design skills. Sites such as Redbubble permit you to upload your witty design ideas and then create t-shirts, coffee mugs, laptop covers, etc..

Shoppers then stop by the website and check out your goods. When they purchase 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 several 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 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 danger. This can help ensure a solid income supply on a regular basis.

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Thousands of people every day are looking to rent any variety of things. Craigslist can be a great place to promote your items for rent. Here are some ideas of products You Could rent out:

Just ensure that you have a proper rental agreement signed by both parties. Also, get paid in cash beforehand, and get a current photo ID and secondary evidence of address from renters.

This will allow you to guard the property youre renting out. For extra peace of mind, consider requesting a security deposit as well.

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As you can see there are a ton of ways which you can make passive income. With luck, this list has helped you narrow down which source of income is best for you.

So if youre tired of this traditional way of making money, implement some of the passive income strategies above so that you can start 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. .

From 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 stream there is.

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During this time the one thing I wanted more than anything else, was a big fat epic record of ALL the potential passive income flows there were.

Unfortunately no one has even till this day made a complete list. So I spent the past week getting loaded on strong Ethiopian espresso and compiling every different income flow from my head, 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 beloved 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 ebook (insanely not passive hahahah), but then you get to sit back and enjoy seeing PayPal sale messages pop up on your iPhone every morning available after sale after sale is madeon an ongoing basis and without any additional work.

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

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