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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, each time one of Shutterstocks clients downloads one of your photos youll receive a paid a royalty.

If you are a bit techie and can produce a few unique ideas for mobile programs, 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 somebody, somewhere. For instance, Joel Comm created 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 apps.

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How would you prefer 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 might have the ability 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 tools. Why not consider buying an already established online business Websites such as Biz Buy Sell have hundreds of online business listings which are available 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 make 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 available for sale.

The reason why you would want to purchase an existing laundromat is the startup costs are fairly high. Commercial washers and dryers are moved here not cheap. 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 America. Yet batting cages are tough to come by depending on where you live.

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Something to know about, though, is that these can require a great deal of money up front. You will need to have a big facility, equipment, and someone to run the cage.

So be sure that you do your due diligence before you invest too much money in this endeavor. Buying an existing batting cage read the article 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. Sites like Redbubble allow 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 check out your goods. When they purchase one of the designs, Redbubble will pay you a portion of the profits. They handle all the production and shipping of products.

Bond and CD laddering involves owning many different bonds and/or Certificates of Deposit. Every one develops at different times during the year. Then you take the profits from those investments as cash income during the year.

Although many CDs and bonds might 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 range of things. Craigslist can be a great place to advertise your items for rent. Here are some thoughts of products 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 speech from renters.

This will allow you to guard the property youre renting out. For additional peace of mind, consider requesting a security deposit too.

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

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