Let’s discuss one of many coolest methods I generate profits on-line: digital merchandise. However first, a little bit actuality examine — “passive revenue” isn’t actually passive. There’s all the time work upfront, some ongoing maintenance, or at the very least some cash wanted to get began.

digital merchandise can develop into near passive as soon as the wheels are in movement. I believe they’re the best strategy to create pretty hands-off, ongoing revenue. My inventory portfolio technically brings in additional passively, however we’ll save that for an additional day.

So, final yr (2023) I made round $200,000 promoting digital creations. Wild, proper? Right here’s a sneaky-peek at my dashboards simply to show it:

These earnings began small, and so they’ve undoubtedly been a journey. The key isn’t simply the product itself, however how you discover patrons and make the promoting course of easy. However hey, the cash proves it may be wildly profitable, so let’s dig in!

How It All Works

I take advantage of two primary platforms for promoting my digital stuff, and collectively they’ve dealt with every thing from my Android icons (anybody keep in mind these days?) to my present fave, Lightroom presets! Right here’s how the cash aspect labored out final yr:

• Prices: Design/dev assist, transaction charges, advertising — this ate up round $30,000 of my income
• Web Revenue: I nonetheless pocketed roughly $165,000
• Taxes: (Ugh!) Don’t neglect, a proportion of that in all probability goes to the federal government

Want Concepts? Assume About Your Expertise!

If you happen to’re unsure what to promote, the excellent news is your choices are vast open! A couple of killer concepts to get you began:

• Notion Templates: My buddy Islo kills it with these, making over $200K a yr! The market is exploding as Notion…