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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, every 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 apps, or improve upon an existing app that will help people make their lives simpler, you might 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 using their mobile apps.

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How would you prefer to create 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 couple of hundred dollars each month by simply driving your car around town.

Check out Wrapify to determine how you could have the ability 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 lot of time and resources. Why not consider buying an already established online business Websites like Biz Buy Sell have hundreds of online business listings that are for sale in varying price ranges. .

Check to find out whether there's an online business for sale that is in line with your passions or hobbies. Again, in order for this idea to produce passive income, youll need to employ someone to run the business.

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

The reason why you would want to purchase 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 purchase 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 popular sports for children in the usa. Yet batting cages are hard to come by depending on where you live.

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Something to know about, though, is that these can need a great deal of money up front. You'll have to have a big centre, equipment, and someone to run the crate.

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 abilities. Sites like Redbubble permit you to upload your witty design ideas and then create t-shirts, coffee mugs, notebook covers, etc..

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Shoppers then stop by the website and check out your products. When they purchase one of the designs, Redbubble will pay you a portion of the profits. They handle all of the production and shipping of products.

Bond and CD laddering involves owning many 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.

Though many CDs and bonds might not earn as much return as a Peer-to-Peer lending investment, bonds and CDs also generally arrive 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 look at this website looking to rent any variety of items. Craigslist can be a excellent place to promote your items for rent. Here are some thoughts of products that 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 proof of address 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 which you can make 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 the traditional means of making money, implement a few of the passive income approaches above so you can start working less and making more money as you sleep now.