Hi and welcome back again to another part of this multipart series. This will be the third part of this multipart series about passive income ideas. In today’s part, we will talk about digital products and content as a passive income method. These are all the digital products and content that you can use to make passive income with. You do not need to have read the first 2 parts to understand this part. However, we advice you to read those two previous parts here:
Digital Products & Content passive income ideas.
In addition to other methods of creating a passive income like investments and real estate, today we will talk about digital products. The best thing about digital products and content is the fact that you build once and sell forever. Think about that. You create a digital product today, put it on the internet and sell it forever online. In addition to that, you can even sell updates and upgrades to your customers. This is one of the best passive incomes if you can be able to design a product that is in-demand.
Idea #14. Writing and selling E-books.
A great way that you can earn passive income with digital products is by writing and selling E-books. Whatever ideas or stories or information you want to write about is up to you. After you write the ebook, you need a good platform to sell it right? For that, you can use e-books selling platforms like amazon or gumroad.
Idea #15. Make and sell Online Courses.
Online courses is a form of digital content that you can make and sell online. You can make an online course on any topic or discipline. Whether its tutorials or its is how to do something or how to solve certain problems, its all up to you. Actually, whatever you choose to make your course on, it depends on what you are good at. The advice is to stick to your expertise.
Once you make your course, you can sell it on platforms like Udemy, Teachable or your own site. If you can be able to build your own website and grow it, its the best option. However, if you are not capable of building your own website, then you can go ahead and use platforms like udemy.
Idea #16. Make and sell Printables / Digital Downloads.
One of the greatest ways to make money with digital products is through printables or designs. You make a 3D design and then sell it online for people with 3D printers. These people buy them and then use their 3D printers to print them. Let me explain how this works. Having a 3D printer does not guarantee you the ability to print everything you want. You need the designs of what you want to design in order for you to print. But this is where it gets more complex because designing these things is not easy. You need to have design skills to be able to design whatever you want to print.
This is whereby you come in. Instead of going through the stress of designing these products, the people choose to just buy the designs. The best part of this for you as a seller of 3D designs is that you can sell at high prices. Its like selling the products without having to make them yourself.
Idea #17. Make Stock Photography / Videos and sell.
Another form of digital content that you can make and sell online is stock photography and videos. There is always people looking for great photos and pictures to use on their websites. For example someone establishing a blog, might need some great quality photos for his/her articles. Similarly, there are people looking for great videos. Some people will even pay you if you can provide a great video capture of certain areas or things. When you make this content, you can sell it on sites like Shutterstock and Adobe Stock.
Idea #18. Develop and sell/monetize Mobile Apps.
A great way that you can earn passive income with is through mobile apps. However, this requires you to have special skills. Usually this is the ability to design and develop mobile apps. In other words you need to be a programmer. For example, to make an android app, you need to know programming languages like kotlin.
When it comes to monetizing or making money with apps, there are several ways that you can do it. One is by selling the app by making it a premium paid-for app. This is an app that people have to pay to use. Another way that you can make money with apps is through ad revenue. This is whereby people install that app and then advertisements play on the app. Then you get paid for the ads running on your app. Moreover, you can make money with apps through in-app sales such as special features. In addition to that you can sell things like upgrades and updates.
Idea #19. Make Music / Sound Effects and Earn Royalties.
Another great passive income idea that you can make money with is through music and things like sound effects. When you make these things, you can live to make money passively from them. For example, many artists make a lot of money from their music masters. Those rights of your music can really make you a lot of money even so many years after you release the song. This is because things like movies use music. When the movie companies use your song in their movie, they will have to pay you for the rights to use that song. Such things can end up earning you a lot of money over the years.
Idea #20. Make Software and earn through SaaS.
Saas means software as a service. This means that you make a software that solves peoples problems or serves them in whatever ways. Once you make the software, you start providing the services to the people using that software. There are various ways that you can do this. This can be charging people a monthly premium to use the services. You can also charge people a one time payment then let them live to use the software permanently. Alternatively, you can just sell the software license to the people so that they can install it on their devices and keep using.
Conclusion.
Now you know Digital Products & Content as Passive Income Ideas. You know how to use digital products and content as a way to make money passively. This marks the 3rd part of this multipart series. In this third part we have focused on Digital Products & Content. Come back again tomorrow for part 4 of this multipart series. For part 4 we will talk about online presence.
