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The reason you would want to purchase an existing laundromat is that the startup costs are fairly large. Commercial washers and dryers are not affordable. It makes a lot more financial sense to purchase 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. Nonetheless batting cages are hard to come by depending on where you live.

Something to know about, though, is that these can need a good deal of money up front. You will need to have a big facility, equipment, and someone to run the cage.

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So make certain that you 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 create t-shirts, coffee mugs, laptop covers, etc..

Shoppers then stop by the site and check out your goods. When they buy one of the 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 a number of different bonds and/or Certificates of Deposit. Every one develops at different times during the year. Then you simply take the profits from these investments as cash income during the year.

Though 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 daily are looking to rent any variety of things. Craigslist can be a wonderful place to promote your items for rent. Here are some thoughts 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 money beforehand, and get a current photo ID and secondary proof of speech from renters.

This can allow you to protect 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 which you can make 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 strategies above so that you can begin working less and making more money while you sleep today.

**The information contained herein neither constitutes an offer for nor a solicitation of interest in any securities offering; however, whenever an indication of interest is provided, it might be withdrawn or revoked, without obligation or commitment of any kind before being accepted following the qualification or effectiveness of the related offering document, and any offer, solicitation or sale of any securities will be made only by means of an offering circular, private placement memorandum, or prospectus.

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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 path to the dress-me-in-the-white-jacket ideas like writing articles for adsense, Ive thought about pretty much every passive income stream there's.

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During this period the one thing I wanted more than anything else, was a large fat epic record of ALL the potential 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 stream from my mind, 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 favorite passive income thoughts right 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 ebook (insanely not passive hahahah), but then you get to go to website sit back and enjoy seeing PayPal sale messages pop up on your iPhone every morning available after sale after sale is madeon an ongoing basis and without any additional effort.

Because you can observe passive income flows simply come out of assets, and resources are either bought 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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