Today, more people are working as freelancers than ever before. While freelancing platforms like Workhoppers are an awesome way to find a steady stream of freelance projects, working for yourself is a hustle. Any freelancer is constantly juggling finishing up current projects with finding his or her next one. In order to create a little wiggle room, both mentally and financially, some freelancers pursue passive income sources on the side.
Passive income vs active income
When you freelance you earn active income. In other words, you get paid for the hours you work. It is worth your while to look into ways of generating passive income. Passive income is defined as income received on a regular basis, that requires almost no ongoing effort.
Examples of passive and active income
For example, if you are a photographer, you could earn active income taking photos at events and passive income by selling stock photography online. Or, if you are a designer, you could earn active income by working on client’s design projects and passive income by selling a web template online.
Want to learn more? Check out this list of 6 passive income ideas for ways you can start earning more income today:
Sell designs online
If you are a designer, there are tons of places you can sell your designs online. Creative Market is a very popular platform for selling any type of digital design assets. Or sell your designs to be printed on products – Redbubble and Society6 both make this super easy.
No matter what your discipline, teaching and sharing your skills online is a great way to earn passive income. Skillshare is an online learning platform which allows you to share your skills through creating online video classes which generate monthly passive income. Classes are a collection of 30-45 minutes of video that walk students through a specific project to teach new skills in Creativity, Business and Technology. On average, Skillshare teachers earn a few hundred dollars per month with top teachers earning thousands per month. Interested? Head here to get started teaching online today. It takes time and effort to set it up it is a great source of passive income.
**TIP: Not interested in sharing but want to continue to learn new skills? Skillshare is a great resource to learn new skills too! Explore more than 25,000 classes to fuel your freelancer creativity! Get a 2 month free trial.
Sell your writing online
Are you a freelance writer? Consider publishing a short story, essay or book on Amazon’s Kindle Direct Publishing. Your work appears in Kindle stores within 48 hours of publishing and you earn up to 70% royalty. If you prefer writing short-form content, look into starting a blog on Squarespace or WordPress. Invest time into a blog to get started, it is a great way to promote yourself and attract clients.
**TIP: Become known as an expert in your field. As an expert, promote yourself and blog for other sites as a guest blogger and include a link to your site.
Ad Space and Affiliate Marketing
Acquire readers to your blog to earn sizable passive income. This works by operating as an affiliate marketer and by selling advertising space on your blog or website. Affiliate marketing just means that you recommend certain sites or items that you like and use and the earn a small cut on a sale.
Sell photographs online
If you are a photographer, look into selling some of your work online as stock photography. Snapwire and Shutterstock are both great places to gets started. Earn a limited amount when you upload the photograph, and then get proceeds forever.
Sell physical products
Are you a crafter in your spare time? Make money on your craft. If you make a physical product: ceramic, knitwear, or piece of woodwork – consider selling any extras online. There are tons of online marketplaces that make selling homemade goods easy, including Etsy and Zibbet.
Hope you enjoyed this list of passive income ideas! In the mean time, visit the place to sell your freelance skills.