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The reason you would want to purchase an existing laundromat is the startup costs are pretty large. Commercial washers and dryers are not cheap. It makes far more financial sense to buy 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 America. Yet batting cages are hard to come by depending on where you live.

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

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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 choice.

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

Shoppers then stop by the site and check out your goods. When they buy one of your designs, Redbubble will pay you a portion of the gains. They handle all of 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 take the profits from these investments as cash income during the year.

Although many CDs and bonds may not earn as much of a return as a Peer-to-Peer lending investment, bonds and CDs also generally arrive with little to no risk. This can help ensure a solid income supply 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 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 will allow you to protect the home click for source youre renting out. For extra peace of mind, consider requesting a safety deposit too.

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

So if youre tired of the traditional means of making money, implement some of the passive income approaches above so you can start working and making more money while you sleep today.

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In the wise ideas like an online course to the dress-me-in-the-white-jacket ideas like writing posts for adsense, Ive thought about nearly every passive income flow there is.

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

Unfortunately no one has even until this afternoon made a complete list. So I spent the last week getting loaded on strong Ethiopian espresso and compiling every different income flow from my mind, my notes and the net interwebs!

PS if you want to a fantastic read cut to the chase you can get access to 3 of my preferred 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 mad, eg compose 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 each morning available after sale after sale is madeon an ongoing basis and without any additional work.

Because you can see 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 under, purchased through perspiration (eg ebook)!