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If so, check out 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 photographs youll receive 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 which will help individuals make their lives better, you might land yourself a fantastic source of passive income.

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

As these are the exceptions, there are plenty of people making thousands of dollars each month with their mobile apps.

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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 by simply driving your car around town.

Check out Wrapify to see how you could be able to make passive income by wrapping your car with an advertisement.

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The beauty of an online business is that the majority 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 that are for sale in varying price ranges. .

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

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

The reason you would want to purchase an existing laundromat is the startup costs are pretty 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 kids 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 need a lot of money up front. You'll need to have a significant facility, equipment, and someone to run the cage.

So make certain that you do your due diligence before you invest too much money investigate this site 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 prior design abilities. Websites like Redbubble permit 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 site and take a look at your products. When they buy one of the designs, Redbubble will pay you a portion of the gains. They handle all the production and shipping of merchandise.

Bond and CD laddering involves owning several different bonds and/or Certificates of Deposit. Every one develops at different times during the year. Then you take the profits from these 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 danger. This helps ensure a good income source on a regular basis.

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Thousands of people daily are looking to rent any range 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 make sure that you have a proper rental agreement signed by both parties. Also, get paid in cash beforehand, and get a current photo ID and secondary proof of speech from renters.

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

As you can see there are a ton of ways that 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 this traditional means of making money, implement a few of the passive income strategies above so that you can start working less and making more money while you sleep now.