The Ultimate Guide To Passive Income In Ireland

If so, check out a website like Shutterstock.  You send your photographs to Shutterstock and if they're approved, each time one of Shutterstocks clients downloads one of your photos youll get a paid a royalty.

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

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

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

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How would you like to make 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 produce passive income by simply 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 lot of time and resources. Why not consider buying an already established online business Websites such as Biz Buy Sell have hundreds of online business listings that are for sale in varying price ranges. .

Check to see whether there's an online business for sale that's in line with your passions or hobbies. Again, in order for this idea to make passive income, youll need to employ 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 why you would want to buy an existing laundromat is that the startup costs are pretty large. Commercial washers and dryers are not affordable. It makes a lot more financial sense to buy an already established laundromat than to start from scratch.

I am shocked by the lack of batting cage facilities. Baseball is one of the most popular sports for children in the usa. Yet batting cages are hard to come by depending on your geographical area.

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Something to be aware of, though, is that these can require a great deal of money up front. You'll need to have a significant facility, equipment, and someone to run the cage.

So make certain 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 webpage and other products even with no previous design abilities. Sites 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 website and check out your goods. When they buy one of the designs, Redbubble will pay you a portion of the profits. They handle all the production and shipping of merchandise.

Bond and CD laddering involves owning several different bonds and/or Certificates of Deposit. Each one matures 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 may 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 helps ensure a good income source on a regular basis.

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Thousands of people daily are looking to rent any range of items. Craigslist can be a great place to promote 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 money beforehand, and find a current photo ID and secondary evidence of speech from renters.

This will allow you to protect the property youre renting out. For extra peace of mind, consider requesting a safety deposit too.

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

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So if youre tired of this traditional means of making money, implement some of the passive income strategies above so you can begin working and making more money as you sleep today.