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If so, take a look at a site like Shutterstock.  You send your photos to Shutterstock and if they are approved, each time one of Shutterstocks clients downloads one of your photos youll get a paid a royalty.

If you are a bit techie and can come up with some unique ideas for mobile apps, or improve upon an existing app that will help people make their lives simpler, you may land yourself a great source of passive income.

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Every program on your phone is making money for somebody, somewhere. For instance, Joel Comm made over $1Million from his iFart app.

As these are the exceptions, there are plenty of people making thousands of dollars each month with their mobile programs.

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How would you like to create money just for driving your car and not have to pick up any passengers By allowing companies to place advertisements on your car windows, you can earn a couple of hundred dollars each month by simply driving your vehicle around town.

Check out Wrapify to see how you could be able to make passive income by wrapping your car with an advertisement.

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The beauty of an online business is that most will allow you to operate from anywhere. Starting one from scratch can take a good deal of time and tools. Why not consider buying an already established online business Sites such as Biz Buy Sell have hundreds of online business listings that are available in varying price ranges. .

Check to see if there's an online business for sale that's in line with your passions or hobbies. Again, in order for this notion to produce passive income, youll need to hire someone to run the business.

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Heres another turnkey passive income business thought. Many cities have created laundromats which are available for sale.

The reason you would want to buy an existing laundromat is that the startup costs are fairly high. 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 children in America. Nonetheless batting cages are hard to come by depending on where you live.

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Something to know about, however, is that these can need a lot of money up front. You will have to have a big centre, equipment, and someone to run the crate.

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 choice.

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

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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 gains. They handle all the production and shipping of merchandise.

Bond and CD laddering involves owning several different bonds and/or Certificates of Deposit. Every 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 return as a Peer-to-Peer lending investment, bonds and CDs also generally arrive with little to no danger. This can help ensure a good income source on a regular basis.

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Thousands of people every day are looking to rent any variety see here of things. Craigslist can be a excellent place to advertise your items for rent. Here are some ideas of products You Could rent out:

Just ensure that you have a proper rental agreement signed by both parties. Additionally, 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 property youre renting out. For extra peace of mind, consider requesting a security deposit as well.

As you can see there are a ton of ways that you can earn passive income. With luck, this record has helped you narrow down which source of income is best for you.

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If youre tired of this traditional means of making money, implement some of the passive income strategies above so that you can begin working less and making more money while you sleep now.