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

If you are a bit techie and can produce a few unique ideas for mobile apps, or improve upon an existing app that will help individuals 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 created over $1Million from his iFart app.

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

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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 put advertisements on your car windows, you can earn a few hundred dollars each month simply by 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 work 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 like Biz Buy Sell have hundreds of online business listings which 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 notion to produce 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 that are available for sale.

The reason why you would want to purchase 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 begin from scratch.

I am shocked by the lack of batting cage facilities. Baseball is one this website of the most well-known sports for kids in America. Nonetheless batting cages are hard to come by depending on where you live.

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

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 hop over to these guys 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. Sites such as Redbubble allow you to upload your witty design ideas and then create t-shirts, coffee mugs, notebook covers, etc..

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Shoppers then visit the site and check out your goods. When they purchase one of your designs, Redbubble will pay you a portion of the gains. They handle all of the production and shipping of products.

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 simply take the profits from those investments as cash income during the year.

Although 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 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 of items. Craigslist can be a great place to promote your items for rent. Here are some ideas of products that you could rent out:

Just make sure you have a proper rental agreement signed by both parties. Additionally, get paid in money beforehand, and find a current photo ID and secondary proof of address from renters.

This can allow you to protect the home youre renting out. For additional 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 record has helped you narrow down which source of income is best for you.

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