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If so, check out a website like Shutterstock. You send your photos to Shutterstock and if they're accepted, each time one of Shutterstocks clients downloads one of your photographs youll get a paid a royalty.
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Every app 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 per month using their mobile apps.
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How would you prefer to create 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 few hundred dollars each month simply by driving your vehicle around town.
Check out Wrapify to see how you might be able to produce passive income by wrapping your car with an advertisement.
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The beauty of an online business is that most will enable you to operate from anywhere. Starting one from scratch can take a lot of time and tools. Why not consider buying an already established online business Sites like Biz Buy Sell have hundreds of online business listings which are available in varying price ranges. .
Check to find out whether there's an online business for sale that is in line with your passions or hobbies. Again, in order for this notion 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 that are available for sale.
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Something to know about, though, is that these can require a great deal of money up front. You'll have to have a significant facility, equipment, and someone to run the crate.
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 option.
Another way you can make passive income is by designing t-shirts and other goods even with no previous design abilities. Websites like Redbubble allow you to upload your witty design ideas and then make t-shirts, coffee mugs, laptop covers, etc..
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Shoppers then visit the website and take a look at your goods. When they purchase one of the designs, Redbubble will pay you a portion of the profits. They handle all the production and shipping of merchandise.
Bond and CD laddering involves owning many different bonds and/or Certificates of Deposit. Every one matures at different times during the year. Then you take the profits from those investments as cash income during the year.
Although 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 risk. This helps ensure a good 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 excellent 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 find more information 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 help you to protect the property youre renting out. For extra peace of mind, consider requesting a security deposit as well.
As you can see there are a ton of ways that you can make passive income. Hopefully, this list has helped you narrow down which source of income is best for you.
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So if youre tired of the traditional means of making money, implement some of the passive income approaches above so that you can begin working and making more money while you sleep today.