Passive Income For Creatives

Did you read my post last week on passive income.

Passive income for creatives. Create once sell many times. How to earn passive income. If not check it out to see why you as a creative or wanna be creative should plan on passive income as part of your existing business. There s one designer who s literally the smartest person i know when it comes to building passive income for designers.

Before we dig deep into this big list of passive income ideas i need to stress one thing. When i m talking with a creative entrepreneur something in me takes over. Make something once and sell over and over. Passive income by definition is income that requires little to no effort to earn and maintain.

Other passive income ideas require little or no efforts up front such as investing money in stocks that pay dividends. Many people think about passive income as if it s money coming out of nowhere. One of the most common ways of generating passive income for designers is by selling design elements or resources on marketplaces like creative market or design cuts. Traditionally this has referred to rental income or stocks but in the case of being an artist that means once a design is created and up for sale you can continue to make sales.

For creative businesses having passive income streams can be a great way to fill in the gaps of your business. Your 9 5 shouldn t be your only source of income. You can work on what you love share it with the world and have the freedom all creatives and artists need to be able to create new work. 21 passive income ideas for creative entrepreneurs.

It s important to note that generating passive income always requires an investment of some sort whether that s money time or effort. Develop design products that you know will make passive income. That s why i m passionate about passive income. Passive income for creatives.

The goal of this quick class is to get you thinking about generating passive and active income streams by building your library of resources in a diverse. It acts as a real advantage as you get older and have a large body of work that you can leverage to generate income. Creative market dubs itself as a platform for handcrafted mousemade design content from independent creatives around the world there you can sell photo mockups and stock photography your fonts graphics for a variety of uses website templates and more. Building up a passive income business will provide a buffer in the lean times and a bonus in the good times.