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The reason 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 start from scratch.

I am shocked by the lack of batting cage facilities. Baseball is one of the most well-known sports for kids in the usa. Yet batting cages are tough to come by depending on where you live.

Something to know about, though, is that these can need a lot of money up front. You'll need to have a big 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.

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Another way you can make passive income is by designing t-shirts and other products 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..

Shoppers then stop by the website and check out 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 merchandise.

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Bond and CD laddering involves owning several 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 may not earn as much return as a Peer-to-Peer lending investment, bonds and CDs also generally come with little to no danger. 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 things. Craigslist can be a great place to advertise your items for rent. Here are some thoughts of products You Could rent out:

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

This can allow you to protect the home youre renting out. For additional peace of mind, consider requesting a safety deposit too.

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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.

If youre tired of the traditional means of making money, implement some of the passive income strategies above so that you can begin working less and making more money as 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 wise notions like an online course to the dress-me-in-the-white-jacket notions like writing posts for adsense, Ive thought about nearly every passive income stream there is.

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

Unfortunately no one has even till this day 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!

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PS if you want to 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 iPhone each morning as sale after sale after sale is madeon an ongoing basis and without any additional effort.

As you can observe passive income streams simply come from assets, and assets are either bought with money (eg rental property) or in the event of most of the ideas below, bought through sweat (eg ebook)!

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