A streetwear-inspired brand for designers and creatives. You may also be interested in: Why should you bill 100% up front? The learning curve How to Earn Passive Income: Coffee at Work If examples like the one above make you want to ditch all your clients right away and dive headfirst into the world of passive income projects, French web designer and developer Sacha Greif urges caution. “Make sure your financial situation is secure before attempting the transition,” he advises. “It will probably be a couple of years before your project-based income matches what you would earn working with the client (if ever). And I can guarantee that you will go at least six months without seeing any significant income.
In other words, don’t go down this path hoping to earn more! The reward is the freedom to work on what you like, but it doesn’t come without some sacrifices.” In fact, even the most successful projects experience many teething problems, as digital designer Vernon learned. “With the first Neue Goods collection, I misjudged the demand and ordered too much stock. I had amassed a following before launch, but had no way of judging who would actually convert,” he explains. Similarly, Jeca Martinez Canadian Email Lists has found success producing art for print-on-demand websites like Society6 and Redbubble, but she only made it through trial and error. “In the beginning, I made illustrations for my products as if they were storybooks.
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But now I have found that the patterns look more visually appealing and suit different types of products,” he explains. “In hindsight, I should also have been more consistent in uploading. New work to my accounts and better recognizing design trends early on. So I could create work before the trend became too saturated. Even David Airey’s simple use of Amazon affiliate links involved a learning curve. It took me a couple of years to realize that. I should be using referral codes for UK and US Amazon sites he explains. “Initially, I only linked relevant products on the US site because that’s where most of my visitors live. But the UK is my second most visited place, so it made sense to give people the option to click on either site.”
Since it’s not just about how much you earn, it’s also about how you get paid, warns Turner, a graphic designer based in Sydney. It’s not just about how much you make, but how you get paid, warns Turner, a Sydney-based graphic designer. “Getting started with Zazzle came about because I had been doing some sales through CafePress and discovered that they offered check-only royalty payments,” he recalls. “My bank charged a huge fine for depositing a US check and then charged a fee to convert US dollars to Australian dollars. Zazzle was the only company at the time that did PayPal.”
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You may also be interested in: Why should freelancers worry about accounting? Freedom to be creative How to Earn Passive Income: Creative Despite the challenges, it’s still worth pursuing passive income, and it’s not just about the money, says Vernon. “Right now, I definitely make more money freelancing; it doesn’t even come close. However, the sense of satisfaction that comes from making money doing your own projects is second to none. It feels so much better to make $1,500 on something you created entirely by yourself than it does to bill a client $15,000 for freelance work.”These events will be a great opportunity to meet other attendees and speakers, and to pick up your conference passes. Keep an eye on the website for updates on the location and details of each previous event.