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The reason why you would want to buy an existing laundromat is the startup costs are pretty large. Commercial washers and dryers are not cheap. It makes far more financial sense to buy 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 children in the usa. Yet batting cages are hard 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'll need to have a big centre, equipment, and someone to run the cage.

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So make sure that you 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 choice.

Another way you can make passive income is by designing t-shirts and other products even with no previous design skills. Websites such as Redbubble allow you to upload your witty design ideas and then make t-shirts, coffee mugs, laptop covers, etc..

Shoppers then visit the website and take a look at your goods. When they purchase one of your designs, Redbubble will pay you a portion of the profits. They handle all of 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. Every one matures 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 return as a Peer-to-Peer lending investment, bonds and CDs also generally arrive with little to no risk. This helps ensure a solid income supply on a regular basis.

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Thousands of people daily are looking to rent any variety of items. Craigslist can be a great place to advertise your items for rent. Here are some ideas of products You Could rent out:

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

This will help you to guard the property 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 that you can earn passive income. Hopefully, this record has helped you narrow down which source of income is best for you.

So if youre tired of this traditional means of making money, implement a few of the passive income strategies above so that you can begin working less and making more money as you sleep now.

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From the smart ideas like an online course to the dress-me-in-the-white-jacket ideas like writing articles for adsense, Ive thought about pretty much every passive income stream there is.

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

Unfortunately no one has even till this day made a complete list. So I spent the past week getting loaded on strong Ethiopian espresso and compiling every different income stream from my mind, 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 thoughts 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 blog 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 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 resources are bought with money (eg rental property) or in the event of most of the ideas below, purchased through sweat (eg ebook)!