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

If you're a bit techie and can produce a few unique tips for mobile apps, or improve upon an existing app which will help people make their lives better, you may land yourself a fantastic source of passive income.

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

While these are the exceptions, there are plenty of people making thousands of dollars each month using 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 few hundred dollars each month simply by driving your car around town.

Check out Wrapify to determine how you might be able to make passive income by simply wrapping your car with an advertisement.

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The beauty of an online business is that most will enable 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 like Biz Buy Sell have hundreds of online business listings that are available in varying price ranges. .

Check to see if there is an online business for sale that is 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 that are offered for sale.

The reason you would want to buy an existing laundromat is that the startup costs are fairly large. Commercial washers and dryers are not cheap. It makes a lot more financial sense to buy an already established laundromat than to start from scratch.

I'm shocked by the lack of batting cage facilities. Baseball is one of the most well-known 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 know about, though, is that these can need a lot of money up front. You will need to have a big facility, equipment, and someone to run the cage.

So make sure that you do your due diligence view website 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 abilities. Websites such as Redbubble permit you to upload your witty design ideas and then make t-shirts, coffee mugs, notebook covers, etc..

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Shoppers then visit the website and take a look at your goods. When they buy one of your designs, Redbubble will pay you a portion of the profits. They handle all of the production and shipping of merchandise.

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 these investments as cash income during the year.

Though 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 danger. This helps 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 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. Additionally, get paid in description money beforehand, and get a current photo ID and secondary proof of address from renters.

This can allow you to protect the home youre renting out. For extra peace of mind, consider requesting a security deposit too.

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

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If youre tired of the traditional way of making money, implement a few of the passive income approaches above so you can start working less and you can check here making more money as you sleep today.