8 Passive Income Ideas for Artists
Although the art industry is a multi-billion dollar industry (source), rising the ranks to become a well-paid professional takes a lot of time. However, a disruption in the industry from technology has made it possible for artists to earn an income in new ways that can be made much more passive.
Can you make a passive income as an artist? Artists can make income passively, and not just from their own artwork. Technology, and especially the internet, have created many new passive income opportunities that artists can use to grow their income streams like blogging, affiliate marketing, print-on-demand services, eCommerce, 3D Printing and more.
Print-on-demand is an emerging trend that can be an excellent passive income stream for artists. As an artist, you can create designs or customize other people’s designs, and have them printed on merch (like t-shirts, pants, shoes, bags, hats, pillowcases and more). Your clients choose the designs, which are then printed, shipped, and delivered by your print-on-demand service like Printful earning you an income. The best part is that print-on-demand is on a growing trend. The market has seen steady growth over the past few years and is expected to become a $1.3 Billion industry by 2022 (source).
Getting started is easy, all you need to do is to open an account on Printful and design your product from there. As an artist, you can make monthly passive income by marketing your designs to your audience (clients, Instagram account and more). This is a very suitable idea for artists to get started selling online as print on demand can expose you to new clients and markets that will help you generate sustainable growth of revenue and income for a long time. Learn more about print on demand in our guide.
You can make videos teaching different art skills or any art information that can attract an audience. As long as you stay consistent, generate traffic, and reach 1,000 subscribers and 4,000 hours of watch time, you can become eligible for monetization. You can get started making about $1,000 a month with a monetized YouTube account depending on the number of monetized views and other factors. Learn more about leveraging YouTube to earn passive income as an artist in our guide.
3. Creating a Niche Site
Building a niche site takes time, dedication, passion, and commitment. The goal is to answer actual questions people are searching for in Google related to your niche. With a sound audience, you can monetize your site through ads, affiliate marketing, selling products, and more, to start earning passive income. According to Project 24 a well-built niche site can earn about $7,000 passive income per month after following their 24-month methodology. For more details about niche sites and how you can earn passive income as an artist check out our guide.
E-commerce is becoming increasingly popular for people looking to make income passively. As an artist, you can choose to sell your own art products or things that you do not physically stock through online platforms. Ecwid eCommerce allows you to sell on your own website and integrate with Instagram for Instagram Shopping capabilities so you can tag your products in posts and stories. Art being very visual, Instagram is a great place for artists to promote their products. You can also connect your Ecwid store to Amazon and eBay to manage your sales in one central place and reach more online buyers. Learn more about eCommerce in our guide.
Blogging is a good way for artists to display their expertise and make passive income. Some bloggers make well over $1,000/month from their blogs. If you want to reach more people with your art, blogging is an excellent way to generate sustainable organic traffic to your website. You can share your knowledge on art with your blog, generate traffic and attract an audience. You can monetize your blog in a variety of ways (placing ads, affiliate marketing, selling physical, and digital products etc.), and make passive income.
Building a successful blog is not easy and you need to follow a proven method to get results. We love Project 24 from Income School to learn how to generate traffic, grow your audience, and monetize your blog content. Learn more about creating a successful passive income blog in our guide.
6. Selling Stock Photos & Videos
First, make sure your photos are of high quality. Rick and Jim have a very educative photography course in Project 24 that is ideal for new artists looking to make an income from stock photos. It is also important to choose the right platform. Platforms charge different commissions for photos, some may also ask for exclusive rights to your content. From there it is all about registering your account and uploading your photos. Check out our guide on how to make income selling stock photos and videos.
7. 3D Printing
3D printing may be a bit expensive for beginners, especially when you have to buy your printer. Luckily, there are so many other ways for you to make money including offering 3D printing training service, offering print-on-demand and more. Click on our guide for some more information on how you can earn passive income from 3D printing.
8. Affiliate Marketing
Affiliate marketing is not that difficult, all you have to do is look for a product that you would like to promote, confirm whether it is supported by an affiliate marketing company like Amazon associates and then market your product on some of the popular online platforms. You receive income from commissions on the sales you generate. Affiliate marketing is a highly passive means of making an income. Click on our guide for more on how you can make an income from affiliate marketing.
Can I make a passive income without capital? You can make a passive income without a large capital investment. Some passive income ideas that can cost less than $500 to start include selling prints, affiliate marketing, blogging, creating niche sites, selling stock photos or videos, YouTube, print-on-demand or flipping items online.
How much can artists earn from passive income? Each passive income idea is unique, you can earn a lot from most passive income ideas but the amount you earn will mostly depend on your level of commitment, skill, choice of niche, execution and the quality of the content you produce. Learn more about how much others are making in our passive income guides.
Can passive Does income sustain my needs? It is possible to sustain a livelihood from the income you generate passively. However, generally this takes quite a long time to build, so it is important to be able to sustain yourself while building passive income streams. Some people build their passive income streams while maintaining their 9-5 job.