3 min

4 Passive Side Hustles

Aug 25, 2022
in a nutshell
  • If you like building organization tools or artistic designs, consider creating printables and selling them on sites like Etsy.
  • One of the best ways to make passive income is by renting out your space or items, such as your car.
  • Start making YouTube videos and increase your viewership and subscribers to monetize your channel.
Image of Are you looking for a way to make extra income but don’t necessarily have a lot of time? Here are 4 passive side hustle ideas to consider.
in a nutshell
  • If you like building organization tools or artistic designs, consider creating printables and selling them on sites like Etsy.
  • One of the best ways to make passive income is by renting out your space or items, such as your car.
  • Start making YouTube videos and increase your viewership and subscribers to monetize your channel.

As the popularity of side hustles grows, the most common hurdle new hustlers face is finding time to do theirs. Nearly 3 in 10, 29.6%, cite finding time as a problem, according to a DollarSprout survey of 500 U.S. adults.

If you’re interested in diving into the wide world of side gigs but are nervous about having time to devote each week, consider picking up a passive income hustle. These take some time and effort up front, but require far less commitment down the line.

“There’s just so many passive income opportunities in the gig economy,” says Kathy Kristof, editor and CEO of Sidehusl.com. They “allow you to use your existing assets and resources and cause them to create regular income for you.”

Here are four fun or relatively easy passive income side hustles to consider as you wind down 2021 and ramp up your money making activities in 2022.

Sell printable items on sites like Etsy

If you like building organization tools or artistic designs, consider creating printables and selling them on sites like Etsy. Printables “could be anything from a calendar to a coloring book,” says Kristof. “You create the template, you upload it, and after that, it just sells without you.” The person buying that template prints it on their own, so there’s no hassle of buying materials or shipping.

“Make them look nice,” advises Nick Loper, founder of site Side Hustle Nation. “I think people are paying for the nice branding and an easy-to-fill-in type of thing.” You can use the free version of design site Canva or even Excel or Microsoft Word to create printables.

A printable planner set is currently selling for $19.99 on the site, and a printable Christmas card is selling for $3.82. Keep in mind the various fees included with selling. Etsy charges 20 cents for every listing, for example, plus a transaction fee of 5% on every item you sell.

Sell art to be featured on mugs and t-shirts

Similarly, if you’re an artist like a photographer or painter, you can upload and sell your work on print-on-demand sites like Redbubble or Fine Art America, where customers can buy it on items like puzzles, pillows, mugs, or simply as prints for their wall.

Each site has its own model for payment. “In some cases, you actually set your royalty rate and that determines the price of your goods,” says Kristof, “and other cases they set the royalty rate for you and they’ll have a set price for the goods.”

On Redbubble, for example, items have a set price and sellers decide the markup, which is their portion of the sale. If the base price of a large framed art print shipping to the U.S. is $125, and you set a 20% markup for that item, the print would sell for $150 and you’d get $25.

These sites “are going to fulfill” the order, says Kristof, “so they print it, they mail it, they handle the customer service.” All you have to do is make your work and upload it. Plus, “90% of the sites are not exclusive,” she says, so “you can upload the same art to all the different sites.”

Rent out your space or items

One of the most lucrative ways to make passive income is “by renting out assets that you already own,” says Kristof. Here are a few sites to rent out your space or items:

There are rental sites for many smaller personal and household items, too, from surfboards and bikes to musical instruments and tools.

“Before you do any of these rental options,” says Kristof, “you really need to check on your insurance.” See if your homeowners or auto insurance covers the risks you take in renting out your space or items, and check the insurance policies on these sites to see what they cover.

Make YouTube videos

Another source of passive income to consider is creating YouTube videos. “I am far from being a YouTuber ― I’m making, like, between $500 and $600 in YouTube ad money” every month, says Loper. But, he adds, “it is still, like, the most exciting $500 that I make.”

“The opportunity that I see in YouTube is, I call it ‘Question and Answer YouTube’ or ‘Tutorial YouTube,’” he says. “If you have a problem that you have solved or overcome in your own life, just give people that answer.” This could be anything from figuring out the most efficient way to organize your Gmail account to showing people how to fix their toilet when it doesn’t flush.

You can use your phone to record the videos, or an external webcam that could go for about $70. “Sound quality is probably more important than video quality,” says Loper, so you’ll want to invest in a microphone, which could also go for about $70. Loper edits with the free version of Screencast-O-Matic.

Keep in mind before you can monetize your YouTube videos, you’ll need to have more than 1,000 subscribers and you’ll need people to have watched your videos for 4,000 hours in the last 12 months, among other stipulations.

This material has been presented for informational and educational purposes only. The views expressed in the articles above are generalized and may not be appropriate for all investors. The information contained in this article should not be construed as, and may not be used in connection with, an offer to sell, or a solicitation of an offer to buy or hold, an interest in any security or investment product. There is no guarantee that past performance will recur or result in a positive outcome. Carefully consider your financial situation, including investment objective, time horizon, risk tolerance, and fees prior to making any investment decisions. No level of diversification or asset allocation can ensure profits or guarantee against losses. Article contributors are not affiliated with Acorns Advisers, LLC. and do not provide investment advice to Acorns’ clients. Acorns is not engaged in rendering tax, legal or accounting advice. Please consult a qualified professional for this type of service.

Gili Malinsky

Gili Malinsky was a lead reporter for Grow.

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