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The reason why you would want to purchase an existing laundromat is the startup costs are fairly large. 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'm shocked by the lack of batting cage facilities. Baseball is one of the most well-known sports for kids in America. Yet batting cages are hard to come by depending on where you live.

Something to be aware of, however, is that these can need a good deal of money up front. You will have to have a big centre, equipment, and someone to run the crate.

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So make certain 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 choice.

Another way you can make passive income is by designing t-shirts and other goods even with no prior design abilities. Websites like Redbubble permit you to upload your witty design ideas and then create t-shirts, coffee mugs, laptop covers, etc..

Shoppers then stop by the website and check out your products. When they buy one of the designs, Redbubble will pay you a portion of the profits. They handle all of the production and shipping of products.

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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 of a 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 range of things. Craigslist can be a great place to advertise your items Recommended Reading for rent. Here are some thoughts of products You Could rent out:

Just ensure 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 allow you to guard the home youre renting out. For extra peace of mind, consider requesting a security deposit too.

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As you can see there are a web ton of ways which you can make passive income. With luck, this list 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 approaches above so that you can begin working and making more money as you sleep now.

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In the wise ideas like an online path to the dress-me-in-the-white-jacket ideas 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 large fat epic list of ALL the potential passive income streams there were.

Unfortunately no one has even until this day made an entire list. So I spent the last week getting wealthy 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 ideas 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 crazy, eg write a quality 20,000 word ebook (insanely not passive hahahah), but then you have to sit back and enjoy seeing PayPal sale messages pop up on your iPhone every morning as sale after sale after sale is madeon an ongoing basis and without any additional effort.

Because you can see passive income flows simply come out of assets, and assets are bought with money (eg rental property) or even in the event of most of the ideas below, purchased through sweat (eg ebook)!