If you are not familiar with the topic, imagine you have built a house and listed it for rental use; So, as an owner you earn money from this property. This is called passive income.
As a 🧑💻 freelancer, you work for clients and earn money to pay your bills; we call this active income. When you don’t work or take a vacation or a break, your income suddenly stops. Of course, you might have some savings that help you for a short time; But what if you need a long time vacation, Here’s where passive income can help you.
So, how to make passive income?
You can make passive 💲 income by building your own digital products such as, apps, graphic icons & images, website templates, design templates, etc. This does not happen overnight; you have to start building these kinds of projects in your free time. Once you build something feasible, you can start selling your digital products. Here are some examples of what you can do:
- Design Icons or Illustrations
- Design Figma / Adobe templates
- Design UI Kits
- Develop Frontend Templates
- Launch Web Apps / Marketing Tools / Developer Tools
- Write your ebook
- Make video tutorials
These are some most common ways among tech freelancers to make passive income. There are a lot of platforms to sell your 🖼️ digital goods, before you create something; visit some of the seller platforms and understand how things work in each platform. Because some platforms charge more commission fees, some have particular rules regarding file submissions; It is better to get some perspective before you make something.
You need to have patience, because this takes quite some time before you gain 🛤️ traction. Once you do, you will be unstoppable 🤑.