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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, every time one of Shutterstocks clients downloads one of your photographs youll receive 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 program that will help people make their lives better, you may land yourself a great source of passive income.

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Every app on your phone is making money for someone, 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 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 simply by driving your car around town.

Check out Wrapify to determine how you could be able to produce 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 work from anywhere. Starting one from scratch can take a good deal of time and resources. 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 find out whether there is an online business for sale that is in line with your passions or hobbies. Again, in order for this notion to make 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 created laundromats that are offered for sale.

The reason why you would want to buy an existing laundromat is the startup costs are pretty high. 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 well-known 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 be aware of, though, is that these can require a great deal of money up front. You'll need to have a big facility, equipment, and someone to run the cage.

So be certain to do your due diligence before you invest too much money in this endeavor. Buying an existing batting cage business may 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 such as Redbubble allow you to upload your witty design ideas and then make t-shirts, coffee mugs, laptop covers, etc..

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

Bond and CD laddering involves owning several you can try this out different bonds and/or Certificates of Deposit. Every one develops 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 return as a Peer-to-Peer lending investment, bonds and CDs also generally come with little to no danger. This helps ensure a good 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 excellent place to advertise your items for rent. Here are some ideas of products that you could rent out:

Just ensure 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 help you to guard the property 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 list has helped you narrow down which source of income is most effective for you.

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If youre tired of this traditional means of making money, implement a few of the passive income approaches above so that you can start working and making more money as you sleep now.