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The reason 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 the usa. Nonetheless batting cages are hard to come by depending on your geographical area.

Something to be aware of, however, is that these can require a lot of money up front. You will need to have a significant facility, equipment, and someone to run the crate.

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So be sure 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 goods 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 purchase 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. Each one matures at different times during the year. Then you 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 arrive with little to no risk. This can help ensure a solid income supply on a regular basis.

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Thousands of people every day are looking to rent any range of things. Craigslist can be a great place to promote your items for rent. Here are some thoughts of products You Could rent out:

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

This can help 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 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 this traditional way of making money, implement a few of the passive income strategies above so you can start 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 smart 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 record of ALL the possible passive income flows there were.

Unfortunately no one has even till this day made a complete list. So I spent the last week getting loaded Get the facts 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 chase you can get access to 3 of my favorite passive income thoughts right here or you can check out 30 of my favorite 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 sit back and enjoy seeing PayPal sale messages pop up on your own iPhone each morning available after sale after sale is madeon an ongoing basis and without any additional effort.

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

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