In this weeks edition of “Ask Danny Outlaw” I answer a question about passive income. Passive income is and can be a great way to earn some extra income with very little effort. Designers and developers have all sorts options out there when it comes to ways to make passive income. From reselling hosting to creating premium Wordpress themes, there i almost no limit. In this video I talk about my thoughts and experiences with passive income.
Q&A Advice for passive income ideas? from Danny Outlaw on Vimeo.
For more information about my suggestion on passive income, check out some of these articles:
10 Tips for Handling Slow Business Periods
Discussion: Upsell and Passive Income
Making Money When Things Get Slow
How to Make Money Selling Wallpapers
How to Make Money By Giving Things Away
How Do You Make Passive Income?
What do you guys do to make passive income? If you aren’t taking any steps to make passive income, why not? What is stopping you from taking action? Do you not have the time? Do you think its not worth it?
7 Comments
hey danny,
great hearing your take on methods of earning passive income. there are so many ways to make money on the side, it is really up to us to figure out what is actually going to be fun and profitable at the same time. and of course, like you said, you have to have time and the know how and all… great vid bro. thanks
Regarding selling things on the Envato Marketplace: I think its great for taking unused or unfinished designs that you’ve shelved for whatever reason, refurbish them and package them off to sell on the side. This is just what I’ve used it for. This way, you can continue with your actual work/job and make a couple bucks with some things you’ve already made that just never got used. However, I think that some of the people really making a lot of money on that site sit down with the intention of making an item just to sell. So you definately get out of it, what you are able to put in.
Selling unused stuff is a brilliant idea! Why didn’t I think of that? Thanks for the post.
I have though about selling my unused web designs in web templates websites but I haven’t found one that takes submittions. Where do they get there templates? How do you get in on that? Google doesn’t have anything on it. Any help is appreciated…
Hey Danny,
Thanks for taking the time to answer my question submitted via Twitter. I’ve been looking into some passive income opportunities so it’s always good to hear another designer’s take on it.
For graphic designers with print design leftovers, Inkd.com is a new option you might want to check out.
I know you are the one who’s giving the advices here, but I think you should work a little on talking in front of a camera
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