Discover the most effective passive income strategies for designers. Learn how to make more money with less effort.
Diversifying your revenue sources is always a good idea, especially if you’re actively hunting for extra money. Fortunately, as designers, we have a plethora of options for producing passive money.
Today, we’re going to share five techniques that creative professionals use to generate cash flow outside of their day-to-day professions. Remember that passive income always requires some kind of initial commitment, whether it’s time, effort, or money.
However, once you’ve done the initial labor, it won’t take much effort to sustain this type of money stream in the long run.
So, here’s how to work smarter (rather than harder) by using a few passive income strategies:
1. Develop and resell design templates
Selling design files online is one of the most popular passive revenue sources used by designers. Consider how many non-designers actively seek ready-made templates for a variety of purposes. Consider developing design templates that are universally beneficial, such as:
- Website layouts
- Business cards
- Stock photos & illustrations
The list could go on and on. Upload and sell your design templates on prominent marketplaces such as Creative Market, Etsy, or Shutterstock to start earning money.
2. Begin a secondary business selling products
Selling bespoke products is another excellent revenue stream for designers to consider. Print-on-demand platforms have made it easier than ever for creatives to sell merchandise without having to deal with order fulfillment (check out Printful.com or Printify.com for a few good options).
Lisa Champ recommends “mocking up your product (or a few) and asking people if they would buy it first” when designing for merch.
Naturally, you’ll get a lot of contradictory information as a result of this, but it’s a fantastic approach to find trends in what people want or don’t want.”
Selling apparel as a designer is extremely profitable if you already have a huge audience who follows your work, therefore you should consider expanding your following before establishing your online shop. Check out these 5 tips for getting started if you want to make and sell items on the side.
3. Share your knowledge
You have a lot of information to contribute as a designer. Why not help young designers by providing your important views while earning a little additional cash?
You can charge for a variety of useful products you generate, such as workshops, books, online classes, mentorship sessions, and so on.
Of course, you’ll have to invest time in developing these resources, but once they’re ready, they can be a valuable source of income in the long run.
Remember, you don’t have to be an expert to provide useful information! Many aspiring designers would benefit from learning about your background and career path.
4. Market custom design tools and assets
Do you enjoy building and experimenting with your own design tools? Other designers are likely to like using them as well.
Because creative people enjoy experimenting with new tools, you might want to try offering your own design assets to the larger creative community. Consider the following assets:
- UI Kits
If you’re planning to sell these types of assets, make sure you promote them well. Display your tools in action! Display creative work made using your equipment to entice potential buyers to replicate the same appearance and feel.
5. Establish a Patreon account
You may already follow and support your favorite creatives on Patreon, but have you thought about using it as a money source for yourself? Patreon is a subscription-based website that allows authors to make money on a monthly basis by giving unique material to subscribers (also known as “patrons”).
If you already publish content on a regular basis and enjoy communicating with your audience, you should think about starting a Patreon. You can provide subscribers with a wealth of valuable content while also having fun with it!
Streaming your work on video, creating informative blogs, or giving away design freebies are just a few examples. The possibilities are limitless!
Experiment with several passive income streams
Get out there and explore what works now that you know how to create passive income with your design abilities! It will take some trial and error to determine what works and sells well, so don’t be disheartened if you don’t make a lot of money right away. Passive income is a long-term game, so start small and figure out how to best use your creative skills!
Flexgigzz is the Asia leading marketplace for freelancers service and together with SOHO Learning Hub which is an online platform for short courses and both of them aims to be the number one provider in Asia. For growth industries such as E-Sport Authority which is dedicated to providing independent media coverage to all E-Sport News related from around the world and for the art world, there is Atelier Auction which is an investable art auctioneer and being in the art scene for decades.