May 2020 - Millennial Nextdoor

Looking for Fiverr passive income ideas to make you money in your sleep? These passive income ideas will not only do that, but they can also contribute to your overall wealth, playing a part in making you rich. Passive income can feel out of reach. Sometimes it can take a while to build up your income to a sizeable amount. You might start by earning $5 a month, then $20 a month but, over time your income can build, and eventually make a full-time income passively, which many people already do. This article is going to talk about Fiverr passive income ideas. We will cover what Fiverr is and how it works, getting started and passive income ideas you can use with Fiverr plus, talk about some non-Fiverr passive income ideas you can pursue as well. Bookmark this post to come back to it later. Let's dive in! What is Passive Income? If you're reading this then you probably already know what passive income is. To keep it brief, passive income is the ability to make money with little to no maintenance work required. There is work involved in the beginning as you build the foundation of this income stream but, after that, there is typically little to no maintenance needed to make money in your sleep. For example, I published the book Flipping It, which talks about how to make money website flipping. It took me some time to build the book, design the cover, edit and proofread it then upload it for sale on Gumroad. After that, I don't have to do any ongoing work to have that income continue and it makes me money every month. Now, let's talk about Fiverr! What's Fiverr? It's a gig marketplace and it looks like this... Buyers and sellers come together on Fiverr to work together on projects. Sellers are freelancers that sell their services like copywriting, logo design, Tik Tok shoutouts, and more. Buyers are people and businesses that buy the services. And, that's how it works. To earn Fiverr passive income, you will join the website as a seller. It's free to join and all you have to do is sign up as a seller then, set up your profile and set up your gigs. Here are what gigs look like: When buyers click into a gig, it'll look like this: You see that there is a description of the gig, there are multiple packages, you can view the reviews and read them, and more. So, that's Fiverr. How to get set up as a Fiverr seller This part is super easy. Visit Fiverr and join as a seller. You will set up your profile, doing things like: Uploading a profile pic Adding your account details Setting up your gigs for sale Once you are all set up, you can start setting up your passive income Fiverr gigs. Here are some ideas to get you started. 7 Fiverr Passive Income Ideas 1. Sell an ebook Going with an ebook is something I have personally done, as you can see by the example above where I talked about selling my Flipping It ebook. All you need is an idea for the book and then you can put it together and upload it to Fiverr for sale. When thinking about book topics, consider your personal interests, passions, and hobbies. Think about problems that exist within that interest audience and how an ebook can solve the problem. Then, write an ebook around it. For example, if your passion is cooking for your family but, you manage a full-time job and take care of the home and kids, you might write an ebook about how to cook to save time, like meal prep or batch cooking. Or, if you enjoy container gardening, you might teach others how to start their own container garden in a weekend. There are so many different ideas out there. Pick one then write your book. How to create an ebook You can use tools like: Microsoft Word Google Docs Canva Adobe Photoshop Basically, you will need a word processing software to write the book then, you'll need some kind of software or tool to design it (the book cover). You may be able to design it in the word processing software too, depending on what you're using. I personally used Google Docs and Canva for my ebooks. 2. Sell a course This is similar to ebook selling. Instead of writing a book, you will create a course. You can build it using Microsoft Powerpoint or other software you have access to. Pick a topic, identify a problem and your course should be the solution. Examples of course ideas: How to market your Etsy products on Pinterest Budget grocery shopping and meal prep for a large family Hydroponic gardening for beginners Handknitting for beginners French cooking for beginners This is virtually the same process as with the book but, with a course you can teach the material in a text-based format, using video, audio, or a combination of the above. The platform you use can be Microsoft Powerpoint or you can invest in a course platform like Teachable, or others. Teachable can host free and paid courses and it's relatively easy to build your curriculum and add your course content. I use Teachable for my courses. 3. Sell an e-guide An e-guide is a short version of an ebook. If you have an idea for an ebook but, its on the shorter side, go with an e-guide instead. You can create it in a fraction of the time and the entire process works just like an ebook: Pick a problem-solving topic with your e-guide as the solution Create it with Google Docs or MS Word or other software Add it to Fiverr in a gig 4. Sell a cookbook This can be an exciting way to publish your family recipes. This is essentially an ebook. It's a book that will have recipes with pictures (optional) and directions, etc. Think about the cookbooks you have seen and imagine them in a digital format. That's what you will be doing here. You can create the cookbook around any theme or style of cooking you like: cajun cooking, desserts, chocolate-only recipe, vegan recipes, whatever you want. 5. Sell a digital template A digital template is a shortcut for your audience. They are buying it to save time, save energy and find a shortcut way of doing something. For example, a Pinterest pin digital template can be sold to your audience who wants to create Pinterest pins but, doesn't know how or have the time to make a pin template on their own. They but the digital template for you so they can easily retitle it and upload to Pinterest. Other examples of digital templates: Ebook templates Resume templates Cover letter templates The list continues. 6. Sell a digital planner A digital planner is like an online version of a personal organizer or planner. You can make it digital so your buyers can view it on an iPad or their cell phone. Digital planners have been growing in popularity in recent years and many people favor them over hard copy planners. I don't have experience creating a digital planner but, if you go to YouTube there are probably tons of different videos sharing exactly how to create one. 7. Sell digital artwork I do have experience selling digital artwork and I did it on Etsy for a while. I sold inspiration words as art. These were sayings that you could print out and frame in your home office or any space that were empowering and made you feel good, like Girl Boss, Female Founder, You Are Beautiful, etc. I loved designing and selling these. Examples of other kinds of digital artwork can include: Digital illustrations Digital art like landscape images, animals, scenery, cityscapes or other art you create Fashion-inspired artwork For more ideas, I'd check out Etsy and see what other sellers are creating. It might give you some inspiration. Once you create your digital artwork, just upload it to Fiverr as a gig. There you go, 7 Fiverr passive income ideas and here are 5 more passive income ideas (not Fiverr related) for even more ideas to earn passively. 5 Passive Income Ideas (Not Fiverr-related) 1. Selling Stock Photos Are you an amateur or professional photographer? Make money selling stock photos! Stock photo companies are in need of gorgeous photography from photographers just like you. In fact, Shutterstock has paid out millions to people selling their photos on their site! How to Get Started? The process is simple. First, set up your account. Then, add photos and start selling! This is 100% passive. Once you upload your photos, you don't need to do anything else. The perfect opportunity to make money in your sleep. No fancy photo equipment needed. With the technology that exists in smartphones, you can take a stunning photo using just your cell phone. Give this a try to start making passive income! 2. Rent Out Your Space on AirBNB This works if you own OR rent your place. Make money doing nothing, renting out your home to short-term renters. Join AirBNB for free, rent your space, make money. Easy! What's Required to Get Started? There are no up front fees to get started with AirBNB but, you will need your space to be clean and ready for guests. Do you have linens like towels, toiletries, etc? Is your home hotel room-ready? Think about when you visit a hotel room. It's clean, tidy and organized. There are towels, a coffee bar, etc. Recreate that feeling in your own home, even if you're just renting out a room. How Does Rental Arbitrage Work? If you rent, you can do the same thing. Same process. The only different is you'll want to get permission from your landlord in advance. How Much Can You Make? Renting out your home weekends only at $200/night can make you an extra $2,400/month before fees! Renting out a room weekends only at $80/night can make you an extra $960/month before fees! That's real money and it's totally passive. Hop onto AirBNB to learn more! 3. Rent Out Your Car You can use GetAround or Turo to make money renting out your car. If you're a homebody like me, this makes perfect sense on the weekends. I love to snuggle in on the weekends. Clean the entire house, then take a hot bath and relax for the rest of the weekend watching movies, cooking at home, listening to music, playing with the kids and pets. It's a good time. I hardly ever use my car on the weekends. So, why not rent it out? Try this and make a few hundred to a few thousand dollars extra every single month! 4. Build a Niche Website This is easier than you might think. First, build a website. You can do this for under $50 yourself, in about an hour. Get hosting. Connect WordPress Apply a website theme and add content. For the content, this will be articles around a particular niche, like: Boating Skiing Golfing Knitting Tuba playing Piano lessons Baking Vegan cooking Anything you want, really! Write 30 blog posts about your niche and monetize them with affiliate links. You will want to do SEO research on the topics you write about to ensure you can rank your posts on Google to get traffic. Once this is done, you literally don't have to do anything. Monetize your site: Ads, affiliate marketing, and brand deals are example of how you can monetize your website This is the exact step-by-step guide for building a website or blog. 5. Invest Your Spare Change Use Acorns and invest your spare change. Make money off this investment. It's super easy. Join Acorns for free to get started. What's Required to Make These Passive Income Ideas Work? Will, determination, and follow through. You will need a computer or cell phone with internet access. And above all, actually do it. You might be research and reading posts on Pinterest and Google, checking out Reddit and other places trying to find passive income ideas. You take in all this great info but you don't take action so you don't make money. Take what you learn and execute it! Put it into play so you can REALLY start making passive income! Get started today. Let us know what you think in comments! Recommended Reading: 5 Ways to Make Extra Money 5 Credit Hacks to Transform Your Credit Fast How to Grow your YouTube Channel to 100K