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The reason you would want to purchase an existing laundromat is that the startup costs are pretty large. Commercial washers and dryers are not cheap. 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 kids in the usa. Yet batting cages are tough to come by depending on your geographical area.

Something to know about, however, is that these can need a good deal of money up front. You will have to have a big facility, equipment, and someone to run the cage.

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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 could possibly be a more financially sound option.

Another way you can make passive income is by designing t-shirts and other goods even with no prior design skills. Websites such as Redbubble permit you to upload your witty design ideas and then make t-shirts, coffee mugs, notebook 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 products.

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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 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 come with little to no risk. This can help ensure a solid income supply 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 thoughts of products that you could rent out:

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

This will help you to protect the property youre renting out. For additional peace of mind, consider requesting a safety deposit as well.

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As you can see there are a ton of ways that you can earn passive income. Hopefully, this list 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 some of the passive income strategies above so that you can begin working and making more money while you sleep today.

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From the wise ideas 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 stream there's.

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During this time the one thing I wanted more than anything else, was a large fat epic list of all of the potential passive income flows there were.

Unfortunately no one has even until 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 world wide interwebs!

PS if you want to cut to the chase you can get access to 3 of my preferred passive income thoughts 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 get 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.

Because you can see passive income streams simply come from assets, and assets are bought with money (eg rental property) or even in the case of almost all of the ideas under, purchased through sweat (eg ebook)!