Passive income for freelancers in 6 tips

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FREELANCER TIPS

• Passive Income for freelancers
• in 6 Tips

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Passive Income for freelancers in 6 Tips

• Freelancing is mostly associated with active
  income you get paid for the hours you put in or
  for a certain workload, ideally a finished
  project. However, there is another way to earn
  money as a freelancer and its called passive
  income. Passive income is something you dont put
  direct effort into once it is established as a
  source of revenue, but it will require setting
  up.
• As most great things, it is quite difficult to
  start earning a significant passive income. If
  you do it right though, your efforts will
  eventually start bringing in money while only
  requiring maintenance. Got you interested? Then
  check out these six ways of earning passive
  income as a freelancer and see which one suits
  you most

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Passive Income for freelancers in 6 Tips
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1) Selling ad space on your blog or site

• One of the first thing that springs to mind is
  monetizing your marketing instruments. Your blog
  or site can serve a twofold purpose first and
  foremost, it attracts customers. With enough
  visitors you can turn it into a revenue source,
  too. Selling advertising space is a great way to
  earn some money on the side while continuing to
  build up your audience.

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2) Guest blogs and eBooks

• Another way of generating passive income is
  selling your know-how and experience in the form
  of guest blogs. If you publish informative and
  helpful articles on your blog anyway, why not try
  selling them to others? Not only can you get an
  extra income source, you also attract more
  attention to your own services.
• If you really enjoy writing, you can also try
  publishing an eBook. As a freelancer in your
  particular market, you probably have a lot to
  tell others who would like to walk the same road.
  It takes a lot of effort to create an eBook, but
  they also have huge potential if successful.

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3) Affiliate marketing

• Becoming an affiliate of a potentially helpful
  service for your clients is sometimes frowned
  upon, but it can be a good, honest way of earning
  some extra money. Recommending a hosting site of
  your choosing to clients can save them a lot of
  research time. Or maybe you use some other
  service or have read a certain book that you
  found extremely helpful? Be upfront about earning
  a small cut on a sale, though. If you can
  earnestly say a service or product is worth it
  and earn something doing it, go for it!

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4) Selling unused work

• Often freelancers will create things that dont
  make it into the final version of a project.
  Whether it is photos, graphs, written content or
  anything else, you can probably find a buyer for
  it somewhere on the internet. Be careful about
  what your contracts say, you can only sell
  content that you legally own. As long as thats
  the case, dont let your unused work gather dust,
  try turning it into a profit instead.

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5) Create subscription models

• Subscription models or memberships can entail a
  ton of things depending on your freelancing
  field. Whether it is site maintenance, SEO work,
  extra content on your newsletter or something
  else, a subscription means you get some amount of
  work on the side but wont have to worry about
  finding clients for it. Those small monthly
  payments add up, but make sure you consider the
  time spent communicating with your clients as to
  not get underpaid.

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6) E-Courses

• Another way to share your experience or expertise
  in your field are e-courses. These require a good
  amount of effort to set up, but can become a
  great source of passive income. There are a lot
  of ways to go about offering e-courses depending
  on your business strategy you can try sending
  them per mail, posting them on YouTube or selling
  them on a dedicated platform like Fedora or
  Udemy.

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