Passive Income Ideas
Table Of Contents Toggle the Table of Contents Sell Digital Products Print On Demand Affiliate Income Royalties Click on the Table of Contents to navigate. Passive Income Ideas Most creative individuals would agree that there’s nothing better than being able to call the shots and do what you love all day. Even at a supposed dream job like Disney, I felt that something was missing due to office politics and the corporate nature of the job. Unfortunately, many people, especially young individuals, are often told that it’s impossible to have that kind of freedom. They are advised to “suck it up,” grow up and get a corporate job at the very least. These are the types of comments I often receive, particularly because many people think I am much younger than I am. However, I believe it is entirely possible to have the freedom to call the shots and pursue your passion all day through passive income. In this article, I want to share some passive income ideas that I have personally implemented in my life, specifically tailored to help artists and creatives get started on earning passive income. This way, you can have the freedom to live life exactly the way you want. Sell Digital Products One of the passive income ideas I have for you is to sell digital products. Digital products can range from brush pads or sketchbook PDFs for digital artists to Lightroom pre-sets or lookup tables (LUTs) for photographers. The key to creating a successful digital product is to think about the problem you’re solving for your customers. For instance, if you want to sell a sketchbook PDF, you need to identify the problem it solves rather than just selling your art. Keep in mind that digital products like sketchbooks have a limited audience and shelf life, especially if your target audience primarily consists of other artists. That’s why many artists sell products like brush packs or tutorial packs because they solve a problem that other artists face. Unlike sketchbook PDFs, these products have a longer shelf life and broader appeal. Print On Demand Print on Demand (POD) is a business model and printing technology that allows for the production and fulfilment of custom products, such as books, apparel, home decor, and other items, in response to specific customer orders. It eliminates the need for large-scale upfront inventory and enables the creation of personalized or niche products without the risk of overstocking or waste. The POD process typically involves the following steps: Product Design: The seller creates or designs the product, whether it’s a book cover, artwork, or graphic for apparel. Digital File Preparation: The design is converted into a digital file that meets the specifications of the printing equipment. Online Store Setup: The seller establishes an online store or partners with a POD platform that provides the infrastructure to sell and fulfil orders. Order Placement: Customers browse the online store and place orders for the desired products, including size, colour, and any customizations. Printing […]
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