Mika
VIP Contributor
There are a lot of upsides to being a freelancer, however, one of the biggest downsides of being a freelancer is you are trading your time for money. In other words, you are making money by working. If you don’t work, you don’t make money. How much you earn depends on how many hours you put into your work.
In order to build a passive income, you need to create a product that will sell again and again without having to work on that product every day.
Let’s say you are a graphic designer. You can create digital products like printables (calendars, wall art, stickers, workbooks, etc.), or digital design, social media templates, digital art, etc.
If you are a writer, you can start writing ebooks and publishing them on KDP to make money from your books.
If you are a programmer, you can build and publish apps on App Store or Play Store and earn passive income from apps.
If you are a video editor, you can start publishing videos on youtube and make money.
In order to build a passive income, you need to create a product that will sell again and again without having to work on that product every day.
Let’s say you are a graphic designer. You can create digital products like printables (calendars, wall art, stickers, workbooks, etc.), or digital design, social media templates, digital art, etc.
If you are a writer, you can start writing ebooks and publishing them on KDP to make money from your books.
If you are a programmer, you can build and publish apps on App Store or Play Store and earn passive income from apps.
If you are a video editor, you can start publishing videos on youtube and make money.