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The reason why you would want to buy 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 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 children in America. Yet batting cages are hard to come by depending on where you live.
Something to be aware of, though, is that these can need a lot of money up front. You'll have to have a significant facility, equipment, and someone to run the crate.
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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 could possibly be a more financially sound option.
Another way you can make passive income is by designing t-shirts and other products even with no previous design abilities. Websites like Redbubble permit you to upload your witty design ideas and then create t-shirts, coffee mugs, notebook covers, etc..
Shoppers then stop by the website and take a look at your goods. 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 several different bonds and/or Certificates of Deposit. Each one develops at different times during the year. Then you simply take the profits from those 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 can help ensure a solid 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 advertise your items for rent. Here are some ideas of products You Could rent out:
Just make sure you have a proper rental agreement signed by both parties. Also, get paid in cash beforehand, and get a current photo ID and secondary proof of speech from renters.
This will help you to protect the home youre renting out. For extra 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. With luck, this list has helped you narrow down which source of income is most effective for you.
If youre tired of this traditional means of making money, implement some of the passive income strategies above so you can start working and making more money as you sleep today.
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In the wise ideas like an online path to the dress-me-in-the-white-jacket notions like writing posts for adsense, Ive thought about pretty much every passive income flow there is.
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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 potential passive income streams there were.
Unfortunately no one has even till this day made an entire list. So I spent the last week getting wealthy on strong Ethiopian espresso and compiling every different income flow from my head, my notes and the net interwebs!
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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 get to sit back and enjoy seeing PayPal sale messages pop up on your own 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 bought with money (eg rental property) or in the case of almost all of the ideas under, bought through sweat (eg ebook)!