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The reason why you would want to purchase an existing laundromat is that the startup costs are pretty large. Commercial washers and dryers are not affordable. It makes far 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 popular sports for kids in the usa. Yet batting cages are tough to come by depending on your geographical area.

Something to be aware of, though, is that these can require a good deal of money up front. You'll have to have a significant facility, equipment, and someone to run the cage.

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So be certain to do your due diligence before you invest too much money in this endeavor. Buying an existing batting cage business could possibly 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. Websites like Redbubble permit you to upload your witty design ideas and then create t-shirts, coffee mugs, notebook covers, etc..

Shoppers then stop by the website and take a look at your goods. 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. Every one matures at different times during the year. Then you simply take the profits from those investments as cash income during the year.

Although many CDs and bonds may not earn as much return as a Peer-to-Peer lending investment, bonds and CDs also generally come with little to no risk. This can help ensure a good income supply 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 promote your items for rent. Here are some thoughts of products that you could rent out:

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

This will help 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 most effective for you.

So 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 while 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. .

In the smart notions like an online path to the dress-me-in-the-white-jacket ideas like writing posts for adsense, Ive thought about nearly every passive income flow 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 potential passive income streams there were.

Unfortunately no one has even until this afternoon made a complete list. I spent the last week getting wealthy 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 find out 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 mad, eg compose a quality 20,000 word blossom (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 effort.

As you can see passive income flows simply come from assets, and resources are either bought internet with money (eg rental property) or even in the case of almost all of the ideas below, bought through perspiration (eg ebook)!

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