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The reason why you would want to purchase an existing laundromat is the startup costs are fairly high. Commercial washers and dryers are not affordable. It makes far more financial sense to buy 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 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 require a good deal of money up front. You'll need to have a significant centre, equipment, and someone to run the cage.

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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 option.

Another way you can make passive income is by designing t-shirts and other products even with no previous design skills. Websites 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 site and take a look at your products. When they buy one of the designs, Redbubble will pay you a portion of the gains. They handle all of the production and shipping of merchandise.

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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 simply take the profits from these investments as cash income during the year.

Although 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 danger. This can help ensure a good income source 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 advertise your items for rent. Here are some ideas of products that you could rent out:

Just make sure that 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 can allow you to guard the home youre renting out. For additional 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. 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 approaches above so that you can begin working less and making more money while you sleep now.

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In the wise ideas like an online path 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 time the one thing I wanted more than anything else, was a big fat epic record of ALL the possible passive income flows there were.

Unfortunately no one has even until this day made an entire list. So I spent the last 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 favorite 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 own iPhone every morning available after sale after sale is madeon an ongoing basis and without any additional work.

Because you can see passive income streams simply come out of assets, and resources are bought with money (eg rental property) or in the event of almost all of the ideas under, bought through sweat (eg ebook)!