These are strategies I use to make $1,562 or more in passive income in a week.
Earlier this month, I went on a cruise to the Mexican Rivera.
My husband and two kiddos joined me.
We experienced beautiful sunsets from our balcony.
We ate 5-course meals.
We even saw a pod of 50 dolphins swimming by after we played pickleball on the top deck for an hour.
It was a magical vacation, and we were able to unplug and unwind.
Sounds amazing, right?
It really was.
We all experienced so much joy and felt fully alive in the present moment each and every day.
What made the trip even more amazing was that I made $1,562 passively online while I was on the trip from work that I did once nearly 2 years ago.
Let me explain…
How I got here
A few years ago, I was just like you. I would read articles and listen to podcasts about side hustles and passive income. One day a guest on a podcast mentioned that she made income by selling digital products on Etsy.
“What are digital products?”
I thought to myself.
I soon found out that digital products are downloadable products that don’t need to be shipped. They include but are not limited to PDF files, digital planners, digital stickers (Crazy? Yes, but it’s a thing), Canva templates, presets, spreadsheets, and so much more. When I first heard about them, I didn’t even know Etsy allowed this (I thought they only sold physical handmade goods).
Why digital products are so amazing
Digital products are amazing for many reasons.
First, they have higher margins than physical products because you don’t have to pay to ship them to the customer.
They require less time (helping make them passive) because they are automatically digitally sent to the customer upon purchase.
They are also fast and easy to make and test. For example, with a physical product, you could spend months or years prototyping only to have demand shift, but with digital products, you can make something in a day, post it on Etsy and start making money tomorrow.
Finally, one of my favorite reasons for loving digital products is because the upside is infinite- you can make something once and then make money on it forever, allowing an impressive return on time invested.
Steps to getting started
When you’re a beginner, starting feels overwhelming. I know because I’ve been there.
So, how about a cheat code?
In my free passive income startup checklist, I break down the first steps that can take you from having no clue where to start to have a viable digital product in as little as a day.
This is the tool I wish I had when I first started; I would have saved a lot of time and headache, and I’m confident it will save you a lot of time and headache too.
But I digress.
Here’s my advice
I promised I would share some strategies, so here they are.
Tell me and I forget, teach me and I may remember, involve me and I learn.
– Benjamin Franklin
The best advice I have is to not wait and start today. If this passive income idea sounds interesting to you, start immediately by brainstorming ideas (this will show you a fast and strategic way to do this). As the quote above states, you need to involve yourself in the process to truly learn. Thinking about something will only get you so far; you’ve got to take action. You’ve got to put in the time.
When it comes down to it, there’s a stage in every entrepreneur’s life where they’re making less than they do at a full-time job. The only way to get past the “small money” stage is to put the time in. Take a look at the graph below. If you want to make passive income, you must get started on your journey as soon as possible. You’ve got to start to get that blue line to grow. I started mine a few years ago, and that’s why I’m able to enjoy passive income today.
If you want to make passive income, you must get started on your journey as soon as possible.
Rachel Jimenez
Save Time
Starting anything new is hard. Not seeing results right away is also hard. But there’s a cheat code.
If you want to save time and make money faster, consider learning from someone that did what you are looking to do. That’s what I did, and it changed my life, allowing me to quit my full-time job and spend more time making magical moments with my family.
I don’t have an Etsy course to sell you.
However, I do wholeheartedly recommend the course I took. If you want to learn more about how I reached my success, you can read my full review of the course I took here. They also have a free webinar that can help you start.
There are many courses out there about how to sell digital products on Etsy- but to my knowledge, this is the only one that helped people quit their jobs and make 6 figures passively.
Still here?
Nice, you’re my kind of people. If you liked this article, you’ll love The Ultimate Passive Income Startup Checklist. This is a free and in-depth guide that will help you learn exactly how to create a passive income product today.
The Friendly Agreement
If you found value in this article, can you do me a favor and share it? It takes you 10 seconds, and this info took me years to learn.
P.S. This post contains an affiliate link to the Gold City Ventures E-Printables Course. This is the course that allowed me to make enough income passively to quit my full-time job. If you purchase through my link, you’ll get a $50 discount plus my exclusive guide: Getting the Edge: Growth Hacks from a 6-figure Etsy Store).
