Make Your Work Earn While You Sleep
Hard work is fine, but wouldn’t you want literally earn while you sleep?
This cliché is known in financial circles as passive income. “Passive” because earning in this case requires no active work on your part.
The internet features a lot of passive income opportunities for freelancers, particularly those who can package their work as items for sale. Examples include paid blog themes made available for purchase and download by a freelance deisnger, and high quality photos that photographers enroll into stock photo sites’ revenue-sharing programs.
The key to take advantage of these opportunities and make full use of the Internet to build a healthy amount of passive income is to find a way to package your creativity and ability into items people are willing to pay for.
To be clear, building passive income isn’t always easy. And it definitely isn’t eternal. As market conditions change, you may find the need to come up with no ways to generate passive income for yourself. So be creative!
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POSTED IN: Freelance Finances
1 opinion for Make Your Work Earn While You Sleep
Bridget
Jun 14, 2008 at 1:49 am
Passive income…great idea in this article. But is it reaaallly passive? Work is work no matter how it’s packaged.
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