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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 cheap. 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 well-known sports for kids in the usa. Yet batting cages are hard to come by depending on your geographical area.

Something to be aware of, however, is that these can need a lot of money up front. You'll need to have a significant 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 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 previous design abilities. Sites like Redbubble permit you to upload your witty design ideas and then make t-shirts, coffee mugs, notebook covers, etc..

Shoppers then visit the website and take a look at your goods. When they purchase 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 several different bonds and/or Certificates of Deposit. Each one develops 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 may not earn as much of a return as a Peer-to-Peer lending investment, bonds and CDs also generally come with little to no risk. This helps ensure a solid 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 great 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 speech from renters.

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

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As you can see there are a ton of ways that you can make passive income. Hopefully, this record 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 as you sleep now.

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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. .

From the smart notions 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 flow there is.

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

Unfortunately no one has even until this afternoon made an entire list. I spent the last week getting loaded on strong Ethiopian espresso and compiling every different income flow 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 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 mad, 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 available after sale after sale is madeon an ongoing basis and without any additional work.

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

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