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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 cheap. It makes a lot more financial sense to purchase an already established laundromat than to start 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 tough to come by depending on where you live.

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

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So be sure 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 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 such as Redbubble permit 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 products. When they purchase one of the designs, Redbubble will pay you a portion of the gains. They handle all the production and shipping of merchandise.

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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.

Although many CDs and bonds might not earn as much of a return as a Peer-to-Peer lending investment, bonds and CDs also generally come with little to no danger. 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 wonderful place to advertise 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. Also, get paid in money beforehand, and find a current photo ID and secondary proof of speech from renters.

This look at these guys can help you to guard the property 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 which you can make passive income. With luck, this record has helped you narrow down which source of income is most effective for you.

If youre tired of this traditional way of making money, implement a few of the passive income approaches above so that you can start working less and making more money while 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 ideas like an online course to the dress-me-in-the-white-jacket notions 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 list of ALL the potential passive income streams there were.

Unfortunately no one has even until this day 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 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 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 observe passive income flows simply come from resources, and resources are either bought with money (eg rental property) or even in the event of most of the ideas below, purchased through sweat (eg ebook)!

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