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The reason why you would want to buy an existing laundromat is that the startup costs are fairly high. Commercial washers and dryers are not cheap. It makes a lot 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 well-known sports for children in America. Nonetheless batting cages are tough to come by depending on where you live.

Something to be aware of, however, is that these can need a lot of money up front. You will have to have a significant centre, equipment, and someone to run the cage.

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So make sure 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 choice.

Another way you can make passive income is by designing t-shirts and other goods 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, notebook covers, etc..

Shoppers then visit the site and take a look at your goods. When they purchase one of your 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. Every one matures 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 every day are looking to rent any variety of items. Craigslist can be a wonderful place to advertise your items for rent. Here are some ideas of products that you could rent out:

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

This can allow you to guard the home 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 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 the 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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In the smart notions like an online course to the dress-me-in-the-white-jacket notions like writing articles for adsense, Ive thought about nearly every passive income stream there's.

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

Unfortunately no one has even till this afternoon made an entire list. I spent the past week getting loaded on strong Ethiopian espresso and compiling every different income stream from my head, my notes and the net interwebs!

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 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 ebook (insanely not passive hahahah), but then you have 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 effort.

Because check my reference you can observe passive income flows simply come from assets, and resources are bought with money (eg rental property) or in the case of almost all of the ideas below, purchased through perspiration (eg ebook)!