4 content-creating side hustles that can produce passive income, with tips from the pros

4 content-creating side hustles that can produce passive income, with tips from the pros

About a third of Americans have a side hustle, according to a recent Zapier survey of 2,001 adults. Of those, 67% started their side hustle within the last three years, and 31% started it in 2020. Nearly a quarter of Americans, 24%, plan to start a side hustle in 2021.

One popular approach is building a stream of passive income, or earnings that require an initial effort but only minor ongoing maintenance. When most people hear the words “passive income,” they think about investments and rental real estate. But creating content like e-books and online courses can bring in passive income, too.

More from Grow:
6 smart summer side hustles: Some can pay $85/hour or more
Looking to start a side hustle? Take this quiz to see which is right for you
3 B2B side hustles that could make you $100/hour or more

“Passive income is not passive, until it is,” says Michelle Jackson, a digital entrepreneur who has written more than a dozen e-books as one of her income streams. “It’s a lot of work upfront.”

That said, once you’ve put in the work, you can reap the financial rewards for a long time after. For instance, although each e-book sale typically nets Jackson just a few bucks, collectively they have brought in nearly $13,000 in passive income since 2018.

Here are four content-creating passive-income side hustles to consider.

Create Excel spreadsheets to sell on Etsy

If you’re handy with a Google doc or Excel spreadsheet, consider creating organizing templates to sell on sites like Etsy. “Google spreadsheets or Excel spreadsheets to track things like your budget, income, [and] goals” are actually very popular on the platform, says side hustle expert Daniella Flores.

Some budgeting spreadsheets sell for $15 each on the site.

Write a travel itinerary

Create an online course

Write an e-book


Source link Coffee Recipes

Coffee Shop Millionaire

Author Bio

About "4 content-creating side hustles that can produce passive income, with tips from the pros"

Reviewed By This Is Article About 4 content-creating side hustles that can produce passive income, with tips from the pros was posted on have 4 stars rating.

Comment Area