5 passive income side hustles to start in 2022
I am going to cover 5 different passive income side hustles you can launch starting today using the freelancing marketplaces of Fiverr or Upwork. Now you can leverage other people’s time and talents to sell a product or service through your own side hustle. Cool, right?
The quickest way to achieve financial freedom is through passive income - or otherwise known as ‘making money in your sleep.’ You set up the business, automate it with software and talent, and step away. It’s never been this easy, especially in 2022, thanks to the technology we have available to us.
I am trying to make every single one of my 6 side hustles passive. More videos to come on that.
So you want to start a passive income side hustle. Where do you go to find the talent and support to automate your idea? Let’s look at 5 different options available right now:
Selling written content
As a copywriter myself, I know the demand is huge for selling written content. People are monetizing posting to their blog, posting articles to Medium.com, and selling their own ebooks. Medium.com pays people to post articles on their site for every member of theirs that glances at it. Some people have reported making thousands per month from their Medium profiles. Others are selling on their website and through Amazon - they hire ghostwriters on sites like Fiverr to write the content for them. When it’s done, they take the word doc, list it, post it, and start earning money from it. On sites like Fiverr, you can also book writers in other languages to post articles as well.
Print-on-demand
ZipRecruiter reported that as of June 2022, the average pay for a print on demand side hustler is $4,613/month. Not bad for setting up passive income you barely touch in the months to follow! This has become a huge passive income source today. It’s a form of drop shipping that requires you to keep 0 inventory In order to fulfill orders. Working with sites like Printful that fulfill the orders as they come in, you simply need to set up the storefront with the listed products. As for the designs, head over to Fiverr to book a graphic designer who can help you create original and unique brand concepts that you sell on your products.
Online courses
The e-learning market is expected to reach $300 billion by 2025! Up from $107 billion in 2015 to $190 billion in 2018. Did you know you can hire people on Fiverr or Upwork to create an entire online course for you, that you then go sell through Udemy? Freelancers can create, edit, and finalize a course. All you have to do is upload it to your course storefront on Udemy and drive traffic for sales.
Software product sales
Same goes for this one as well. Freelancers on Fiverr and Upwork can create brand new software products, coding and all, that you go on to sell through a website or through third party marketplaces. If you have an idea for it, chances are, someone on there can make it.
Launch a YouTube
Much like this script was made for a YouTube video, you can launch a YouTube on any topic. Known as YouTube automation, you can actually hire freelances to create informational videos for you on any niche topic. Upload it to a channel, post every week, grow your following, and monetize the channel. After you cross the 1,000 subscriber mark and 4,000 hours of watch time, Google will pay you for every ad a person watches on your video. At the time of recording this, my YouTube channel makes me around $1,700 month in ad revenue. The bigger accounts on here are making tens of thousands. Don’t know what keywords to target for your YouTube channel? I use TubeBuddy to research what to talk about every week.
I am begging you all to consider setting up at least one side hustle this year in 2022. It has never been this easy or low cost, making it low risk, to do this! I have plenty more videos coming your way, detailing how you can make money at home, to the side, or in addition to your 9-to-5 job. I also have tons of free and paid-for resources that cover everything there is know about making money as a freelancer on sites like Fiverr.
To learn more about these side hustles in-depth, check out the YouTube here.