It is a great time to be an illustrator. It has never been easier to earn passive income. So, what is passive income? Basically, it is income you earn while you are sleeping, eating or doing another job. Other than set up time and money, you don’t have to actively do anything to get it.
This blog is passive income. Yes, I had to put in time setting it up and occasionally writing , but I don’t have to babysit it to earn income. How does it work? Well, it is nefariously loaded with ads (insert evil laughter here). Seriously, I provide the information for free to help other illustrators, but I assume people will occasionally purchase one of the products I recommend, click on some of the links on the site or drop me a couple bucks in the tip jar (thanks). Companies like Google’s Adsense and Amazon’s affiliate or associate marketing program make it pretty easy to set up a site that can earn you revenue.
Aside from blogs, you can create content and sell it as an ebook or self publish your great American novel or children’s book.
If you don’t want to write, there are ways to earn passive income using your bread and butter skills, illustration. The stock and microstock industry don’t appear to be going anywhere. I know some artist’s say stock will destroy the industry, but I think its death is greatly exaggerated. You can earn a sizeable income at sites like iStockphoto, Shutterstock and Dreamstime and they won’t cost you a penny to join. There are a bunch of other microstock sites out there, but these are the ones that I’ve been the most successful with.
You can also create products to earn income. CafePress, Imagekind and Zazzle allow you to upload your artwork to be used on products like t-shirts, art prints and other items. Basically, it sets up a mini store that sells products you design. The upside about these sites is that you don’t have to do any of the shipping or billing. The downside is that you have to promote the heck out of your products to drive customers to your store.
This post was written on IllustrationInfo.com Content copyright 2007 Cory Thoman.