7 Ways to Make Passive Income as a Graphic Designer

Jesse Nyberg
5 Apr 202207:25
EducationalLearning
32 Likes 10 Comments

TLDRThis video discusses passive income ideas for graphic designers. It covers print-on-demand services, selling your own prints, selling digital assets like textures and fonts, using patronage sites like Patreon, creating online courses, and starting a YouTube channel. The video emphasizes that nothing is 100% passive, but print-on-demand and selling digital goods require the least maintenance. The presenter shares tips like only printing orders as they come in to save money and putting YouTube revenue back into production. Overall, the video aims to provide graphic designers multiple potential side hustles to earn extra income.

Takeaways
  • 😀 Selling prints through print-on-demand services is a passive way to make money
  • 😊 Producing, packaging and shipping your own prints gives more control but is less passive
  • 📝 Selling digital assets like textures and icons through online marketplaces is easy passive income
  • 💻 Building your own online store for digital products takes more work but can be very successful
  • 👍 Patreon allows creators to get paid monthly by fans for exclusive content
  • 🎥 YouTube is great for long-term growth but requires consistency and audience-building
  • 📚 Online courses allow in-depth teaching on a topic and earn over time
  • 🤝 Sponsorships bring side income as YouTube channels grow
  • 🔨 Passive income takes continual maintenance and work to sustain
  • 💡 Multiple streams of income from selling goods, content creation and teaching provide stability
Q & A

  • What does the video emphasize about the nature of passive income for graphic designers?

    -The video emphasizes that while passive income opportunities exist for graphic designers, nothing is completely passive as everything requires some work to start up and maintain.

  • What are the two main approaches to selling prints as described in the video?

    -The two main approaches to selling prints are through print on demand or drop shipping services, and producing, packaging, and shipping your own prints.

  • How does print on demand work for selling prints?

    -In print on demand, the designer uploads artwork to an online store and markets it. When a print is purchased, a fulfillment company handles the shipping and packing, then sends it to the customer and gives the designer a cut.

  • What are some platforms mentioned for setting up a print on demand store?

    -Platforms mentioned for setting up a print on demand store include Shopify with print-on-demand integrations like Prodigy or Printful, and art e-commerce sites like Artist Sourced or Society6.

  • What is the key advantage of producing and shipping your own prints?

    -The key advantage of producing and shipping your own prints is the personal touch, such as hand signing prints, ensuring quality control, and safe shipping directly from the designer.

  • What types of digital assets are mentioned as sellable items by graphic designers?

    -Types of digital assets mentioned include textures, icon packs, mockups, and new typefaces.

  • How can Patreon serve as a side hustle for graphic designers?

    -Patreon allows graphic designers to connect further with their audience by offering exclusive content, tutorials, digital goods, and more for a monthly pledge, serving as a side hustle.

  • What is required to successfully sell digital goods directly through an online store?

    -Successfully selling digital goods directly requires a good website, effective marketing, and discovering a niche that hasn't been oversaturated.

  • Why is creating online courses considered a good side hustle for designers?

    -Creating online courses is considered a good side hustle because it leverages designers' skills to teach others in more depth, potentially generating income over time with little to no ongoing effort after course creation.

  • What challenges does the video mention about starting a YouTube channel as a side hustle?

    -The video mentions that starting a YouTube channel as a side hustle initially requires a lot of work without guaranteeing immediate income, and growth and monetization through ads or sponsorships take time to develop.

Outlines
00:00
💡 Passive Income Strategies for Graphic Designers

The video begins by addressing graphic designers, offering insights into passive income generation, albeit with a disclaimer that all ventures require initial and ongoing effort. The first recommended strategy is selling prints, emphasizing its popularity within the design community. Two methods are discussed: print on demand (POD) through services like Shopify with Prodigy or Printful integrations, and self-production, which includes printing, packaging, and shipping by the designer for a more personal touch. The latter method is favored for its quality control and personalization, such as hand-signing prints. The narrative then shifts to selling digital assets as a passive income source, highlighting platforms like Creative Market and the potential for full-fledged business ventures. Patreon is introduced as a platform for connecting with audiences and offering exclusive content, requiring a modest following for success. The discussion underscores the importance of leveraging existing online followings to monetize creative content effectively.

05:01
🚀 Expanding Passive Income through Online Courses and YouTube

The continuation focuses on leveraging skills and expertise to create online courses, with platforms like Skillshare mentioned as viable venues for in-depth tutorials that generate long-term revenue. The script advocates for online courses as a means to share valuable knowledge in a format that's more substantial than short-form content. YouTube is presented as a favorite side hustle, albeit with a caveat about the delayed financial returns. The emphasis is on YouTube's potential for long-term growth and stability, with personal experience cited to highlight the eventual benefits of audience growth, including brand partnerships and sponsorships. The importance of reinvesting in content creation for sustained growth is stressed. The video concludes with an encouragement for viewer engagement and support for the presenter's side hustles, underscoring the practical application of the discussed passive income strategies.

Mindmap
Keywords
💡Passive Income
Passive income refers to earnings derived from ventures in which a person is not actively involved on a day-to-day basis, such as rental income or earnings from a business that does not require direct involvement. In the context of the video, passive income for graphic designers is discussed as a way to earn side cash through various endeavors that require initial effort to set up but less ongoing work to maintain. Examples include selling prints, digital assets, creating online courses, and using platforms like Patreon.
💡Print on Demand
Print on Demand (POD) is a process where prints, t-shirts, and other merchandise are produced and shipped only after a sale is made, eliminating the need for inventory. In the video, it's presented as a hands-off approach for graphic designers to sell their artwork. Designers upload their designs to a POD service, and the company handles the rest, including printing, packing, and shipping, making it a popular choice for those seeking passive income streams.
💡Digital Assets
Digital assets include any digital content owned by an individual or company, such as photos, videos, and in this context, graphic design elements like textures, icons, and mockups. The video suggests selling digital assets as a passive income strategy for graphic designers, who can create and sell these assets online through marketplaces or their own websites, offering a low startup cost way to generate income.
💡Patreon
Patreon is a membership platform that allows creators to earn income by providing exclusive content to their subscribers or 'patrons.' In the video, Patreon is highlighted as a favorite side hustle for graphic designers and content creators, allowing them to connect deeper with their audience by offering exclusive tutorials, digital goods, and more, thereby creating a community and a steady stream of income.
💡Online Courses
Online courses involve creating and selling educational content in a specific field of expertise. The video mentions this as a viable option for graphic designers to share their skills and knowledge with others. Designers can use platforms like Skillshare to host in-depth classes on various design topics, providing a passive income source that, once created, continues to generate revenue over time.
💡YouTube
YouTube is a video-sharing platform where users can upload, share, and view videos. It is discussed in the video as a favorite side hustle for its potential to build a long-term audience and generate passive income through ad revenue, sponsorships, and brand partnerships. However, it is noted that success on YouTube requires considerable effort in content creation and audience growth before it can become a significant source of income.
💡E-commerce
E-commerce refers to the buying and selling of goods and services online. In the video, e-commerce is mentioned in the context of setting up online stores for selling prints or digital assets directly to consumers. This approach allows graphic designers to control the entire process, from production to delivery, and potentially earn more by cutting out intermediary services.
💡Marketing
Marketing involves promoting and selling products or services, including market research and advertising. The video emphasizes the importance of marketing for graphic designers pursuing passive income, highlighting that success in selling prints, digital assets, or online courses often depends on effective marketing strategies to attract and retain customers.
💡Quality Control
Quality control refers to the processes used to ensure a certain level of quality in a product or service. The video discusses quality control in the context of producing, packaging, and shipping prints directly by the designer. This hands-on approach allows for personal touches, such as hand-signing prints and ensuring the quality of artwork, offering a unique value to customers but at the expense of some passiveness.
💡Content Creation
Content creation is the process of generating topic ideas that appeal to your persona, creating written or visual content around those ideas, and making that information accessible to your audience as a blog, video, infographic, or other formats. In the video, content creation is presented as a key strategy for building an audience on platforms like YouTube and Patreon, enabling graphic designers to share their expertise and creativity while building a passive income stream.
Highlights

Proposes a new deep learning method for few-shot learning that achieves state-of-the-art performance on benchmark datasets.

Introduces a novel self-supervised pretraining approach that learns robust visual representations from unlabeled images and videos.

Develops an interpretable AI system for medical diagnosis that provides explanations for its predictions to build trust.

Presents impressive results on multimodal translation by combining images and text to improve machine translation quality.

Proposes an elegant graph neural network architecture for recommender systems that outperforms previous collaborative filtering approaches.

Demonstrates the ability to synthesize high-fidelity speech from text using a variance-regularized autoencoder.

Achieves new state-of-the-art results on image captioning by incorporating visual commonsense knowledge.

Transcripts

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