If you’re looking for the best passive income ideas, you’ve come to the right place! In this blog post, we will discuss a variety of ways that you can make money while you sleep. We all know that being creative is a very rewarding career choice, but it’s also important to have financial security. So, whether you’re a musician, artist, writer, or any other type of creative professional, read on for some great tips on how to create passive income streams!
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Idea #1 – Publish An EBook On Amazon KDP
One of the best passive income ideas for creative people is to publish an ebook on Amazon Kindle Direct Publishing (KDP). If you have a passion for writing and you’re able to produce quality content, then this could be a great way to make some extra money.
The best part about publishing an ebook on KDP is that you can make money every time someone purchases your book. You can also choose to give your book away for free if you want to generate some buzz around your work. Writing an e-book is a great way to build your brand, establish yourself as an authority, and make money. If you’re ready to get started, here’s how:
- Write your book.
- Format your book (if you need help with this, we recommend using Kindlepreneur).
- Upload your book using Amazon KDP’s “Kindle Direct Publishing” platform (it’s free!).
- Select pricing options for your book: $0.99, $2.99, or $9.99 (again, you can also choose to give away your book for free).
- Promote it! You can use social media advertising, email marketing campaigns, or any other method that works best for you.
Idea #2 – Collect Royalties From Your Artwork
If you’re an artist, one of the best ways to make passive income is to license your artwork. You can do this by registering with a stock image website or art licensing company. Once you’ve registered, you can upload your images and set a price.
Each time someone buys your image, you’ll receive a percentage of the sale. This is a great way to make money from your art without having to sell it outright. There are a few ways to go about selling your art:
Selling originals: This is the most lucrative option, but also the most difficult since it requires finding buyers for your work. The upside is that if you have a piece that’s particularly popular and valuable, it could be a good investment.
Selling prints: Prints are much easier to sell than originals because they don’t require as much work on your part. However, if someone wants an original painting from you, then it’s usually best to give them one and keep the print instead!
However, to make art truly passive, you need to be licensing your work instead. This way, you can make money whenever someone buys a print or product with your artwork on it without having to do any additional work. Plus, it’s a great way to get your art in front of a larger audience.
For example, if your art is featured in a T.V. show, you could potentially earn royalties every time that episode airs. To get started, research different art licensing companies and see if your work is a good fit.
Idea #3 – Sell Templates On Etsy
If you’re a creative person with an entrepreneurial spirit, then selling templates on Etsy could be a great way to make passive income. If you’re not familiar with Etsy, it’s an online marketplace where people sell handmade and vintage items.
You can also sell digital products such as templates, graphics, and fonts. The best part about selling templates on Etsy is that once the designs are created, there’s very little work required on your part.
You can use a design tool such as Canva or Adobe Photoshop to create your templates. Once you’ve created the design, you can upload it to Etsy and set a price. Each time someone buys your template, you’ll receive a percentage of the sale. If you’re looking for a creative way to make passive income, then selling templates on Etsy is a great option.
Idea #4 – Sell Copyrights To Your Music
If you’re a musician, one of the best ways to generate passive income is to sell copyrights to your music. When you sell the copyright, you’re essentially selling the rights to your music so that it can be used by someone else.
For example, if you wrote a song that you think would make a great TV commercial, you could sell the copyright to that song and earn money every time it’s used. This is a great way to make money from your music without having to perform or tour.
The first step in selling your music is finding out what it’s worth. This will allow you to set an appropriate price for your work and make sure that the buyer is getting their money’s worth. There are lots of different ways to do this: you can search online to find out how much other artists are charging for similar content, or get feedback from friends who are familiar with the industry.
Once you’ve established your price point and created something that people want to buy (and we hope they do), then it’s time to start looking for buyers. We recommend starting with local businesses first—they might not have much budget left over after paying their employees’ salaries, but they’re likely willing to work with you on getting some exposure through social media or local news outlets.
If that doesn’t work out, you can always try selling your music online through a site like iTunes or Bandcamp.
Idea #5 – License Your Creative Intellectual Property
If you have any creative intellectual property, such as a character or a design, you can license it and earn royalties from its use. For example, if you create a new character that you think would make a great toy, you could sell the licensing rights to that character and earn money every time it’s used.
Marvel, Disney, Pixar, and other large companies are built on licensing their creative intellectual property, so it’s a great way to make passive income.
The first step is to determine whether or not your IP is actually creative. If it is, then go ahead and apply for a license. If it isn’t, then try again! If you can’t come up with something original enough to be considered creative, then maybe it’s time to give up on this whole “creative writing” thing and pursue other interests.
Once you have determined that your IP is indeed creative and desirable it’s time to get those licenses in order. Not everyone can tell captivating stories but if your character takes off then it’ll be worth the investment. If you think that you can interest people in your creative intellectual property then don’t hesitate to pursue this avenue for generating passive income.
Idea #6 – Start A Blog
One of the best ways to make passive income is to start a blog. You can do this by setting up a WordPress site and adding content regularly. Once you have a few posts up, you can add Google AdSense to your site and earn money every time someone clicks on an ad. You can also sign up for affiliate programs and earn commission on products that you promote on your blog. Here’s everything you need to know about starting a blog.
- Find a topic you’re passionate about and write about it.
- Decide on a name for your blog that is clear, concise, and easy to remember.
- Register the domain name for your site.
- Set up an account with WordPress or Squarespace (or another blogging platform)
- Add your content to the blog and customize its appearance.
- Promote your blog on social media, online forums, and other websites.
By delegating non-creative and repetitive tasks, you can focus on writing great content that will attract an audience and generate income. If you are naturally writing for fun anyways, why not get paid for it? Starting a blog is one of the best ways to make passive income as a creative person.
Idea #7 – Start A Youtube Channel
Another great way to make passive income is to start a Youtube channel. You can do this by creating videos on a topic that you’re passionate about and then adding Google AdSense to your channel. You can also sign up for affiliate programs and earn a commission on products that you promote in your videos. If you’re looking to start a YouTube channel, here are some tips on how to get started:
- Pick the right name and channel art.
- Create a schedule and stick to it.
- Don’t be afraid of criticism! You’ll get better by listening and learning from your audience.
- Share your content on social media—don’t just post it and forget about it!
The Bottom Line
Being creative is an asset in itself and you don’t need a lot of money to get started making passive income. With a little bit of effort and creative insights, you can create an asset that will reap passive rewards for years to come! So what are you waiting for? Get started today and let us know how it goes in the comments below!