What Is There To Know About Passive Income?
It is a way to earn money without being actively involved. But first, you will need to educate yourself and do some in-depth research in the niche you are curious about before you get started. For example, you create a digital or printable product, list it online to an e-commerce marketplace such as Etsy. You can sell as many copies of this one item as many times as you want without having to physically ship it since they will most likely print or download the item. You can focus on other essential or non-essential things while your product sells itself and your income grows. Keep in mind; passive income is usually taxable. Investopedia gives a clear definition and other relevant information on passive income.
There a Massive Need For Digital Products
Creating and selling digital products are more popular these days since they are easily accessible and can solve a problem. The types of problems they can solve are printing invitations, tracking fitness, organizing time, to managing household chores. So yes, there is a digital product or printable for any need. Digital products are for your computer, laptop, or phone, such as Instagram story templates, and printables are a PDF to print. Prices can vary, ranging from $2 to $20 or more, depending on the product. Creating a handcrafted item to send to a customer may not be a lovely idea for those that don’t have the tools or the time to do so. However, creating and selling digital products requires some creative ideas and computer knowledge. Designing these can all be done on any computer using free and paid programs such as Canva and Adobe Illustrator. The customer prints or downloads the product following the instructions you provided in the listing when it’s ready to sell in your shop. Once your listings are active, you will soon be on your way to earning a passive income.
The Most Valuable Legit Printables Side-Hustle Course To Consider
To get started, you will want to learn how to create your digital designs and know the sales and marketing sides. I have found a paid course online that teaches you these things and more with free and paid resource options. In the past year, I found myself with more time than ever and needed a way to make some passive income, but I also wanted to do something where I could be creative. So I signed up for a course called “EPrintables” by Gold City Ventures. The program is created and taught by Julie Berninger and Cody Berman; both are bloggers, entrepreneurs, podcasters, and Etsy sellers. It is pretty extensive, made up of 16 modules and a library of videos via a secure online platform that you complete at your own pace. There is no expiration or due date; it depends on how much time you want to dedicate. They teach you everything you need to know about designing and selling your printables on Etsy. You also get access to a private Facebook Group where you will find support and informational videos from other Etsy experts. Even if you are not the creative type or very tech-savvy, the course makes it very easy to follow along. Being creative is not just about painting or drawing; it’s about creating something valuable that you can sell to someone to make their day a little easier. Click here to find out more about the E-printable course. If you don’t want to pay to learn, you can, of course, research on your own, but it won’t be as structured and may take you a bit longer to get started. Therefore, I highly encourage this course if you want to learn some new skills and earn some passive income. I am halfway through and have learned so much in a short amount of time.
Reasons To Use Etsy For Your Side-Hustle Business
An Etsy side-hustle is a real opportunity that can earn you passive income. Etsy charges $0.20 per listing fee, which is a small investment if you consider using free programs to create your designs. Transaction taxes depend on where you are based. With an Etsy side-hustle, you will learn new software and online tools to make your designs. And to run your Etsy shop, you will gain marketing and customer service skills. The E-printables course teaches all of this to you. Remember, there are no guarantees with starting an Etsy shop that you will be successful; you need to put the work in to make it happen. Check out the success stories of those that finished the Eprintables course if you are still undecided.