How to earn passive income as a Freelance Graphic Designer
Nowadays, Graphic Designing is getting more popular among IT professionals and freelancers as well as people with different academic backgrounds because they find it helpful in earning more than their regular 9-5 working hours. As a freelancer, you have full control over your work and which product you want to work on; the only issue with freelancing is the cash flow is not stable, and late payments or non-payments from clients. Here passive income can make your business more exciting and you can get some extra cash for your daily living.
The thought of passive income sounds so dreamy, right? Passive income is a tricky and difficult task that requires huge upfront work and monthly maintenance. You can earn good dividends if you do it right, so it is important how you are doing it.
Here are a few ways which can help you to earn a good passive income as a freelance graphic designer.
1. Upcycle Your Unused Designs:
As a designer, you have many unused designs that you had made for your clients. Unused designs are usually discarded but think creatively and upcycle those designs for passive income. Upcycling those unused designs can give you some extra money because you can sell them as stock art, turn them into prints, write tutorials for blogs that pay writers, and more.
2. Sell Vector Art or Stock Photos
Selling stock graphics or images is one of the best ways to make a passive income as a graphic designer or photographer. Whether it’s images, vector art, illustrations, or icons, there’s a huge market where you can sell your graphics or images.
I’m introducing you to Pikvector, Pikvector is the best place where you can sell your art like graphics, templates, images, icons, vector stock, stock photos, etc. Pikvector offers seller account models, which gives their freelancers to make some passive income. These include:
Become a seller: The simplest account model, you just need to upload your content and then earn 50% commission on every sale. As a Seller, you retain the copyright over your work, which is great because it allows you to sell your designs anywhere you want.
3. Teach What You Know to Sell:
As a designer, you have many incredible skills and tricks that others want to learn, so teach them via an online course, e-book, or other learning platforms like youtube. Create it once then sell it over and over again to earn passive income.
4. Become an Affiliate:
Have you pondered that you are recommending your favorite resource to your clients again and again? Then consider yourself to become an affiliate for that specific resource. For example, you can get paid for Amazon, when your client or friend purchases something you recommended to them.
5. Build Passive Up-sells For Your Ongoing Workflow:
Look for some up-sells that you can incorporate into each project for some extra revenue. Define the rights, which your client can get in your initial negotiation with clients. It is one of the smartest ways to earn passive income without putting in any extra effort and cost.
6. Start Your YouTube Channel:
Starting your YouTube channel is the least passive, as you have to constantly upload videos to maintain it. But once your channel is monetized you can earn more passive income.