The Best Passive Income Ideas for Artists to Build Wealth
Being an artist is an amazing profession that allows you to express yourself creatively while bringing joy to others. However, it can be a challenging career path for generating a consistent income.
Many artists struggle to make ends meet, which can be a significant source of stress and anxiety. Fortunately, artists can explore various passive income ideas to build wealth and create financial stability.
In this post, we will explore some of the best passive income ideas for artists to help you generate a steady income stream while allowing you to focus on your art. Whether you are a painter, photographer, musician, or any other type of artist, this article will give you some great advice on earning passive income and attaining financial security.
What is Passive Income for Artists?
Passive income is a stream of revenue that requires minimal effort and time investment to maintain. For artists, passive income can be generated through various sources, such as selling prints of their artwork, licensing their artwork to other businesses or individuals, creating online courses, selling digital products, or crowdfunding their art projects.
Passive income allows artists to earn money even when they are not actively creating new art pieces or actively promoting their work. By generating passive income, artists can build financial stability, create flexibility in their artistic pursuits, and create more opportunities for artistic growth.
Artists can have more time to focus on their profession when they have a steady income stream from passive sources. A steady stream of passive income can be a great asset if you're an artist who wants to pursue your passions while securing your financial future.
Why Is Passive Income Important for Artists?
Passive income is important for artists for several reasons. First and foremost, as with any other profession, financial stability is crucial for artists. Passive income streams provide a consistent and predictable revenue source, which can be especially important during economic uncertainty or when sales of their artwork are slow.
By developing passive income streams, artists can free up more time for their work. Those in the creative industries can benefit from passive income because it frees them up to concentrate on what they do best: making art. This can lead to new opportunities for artistic growth and experimentation, which can help them evolve as artists and continue to develop their skills.
By creating a passive income stream, artists can continue to generate revenue from their work long after they have stopped actively creating new pieces. This can provide a financial safety net for artists, their families, and loved ones, and help ensure their legacy as artists continues.
Sell Print-on-Demand products
One of the best ways for artists to create passive income is by selling prints of their artwork. With the rise of online marketplaces and print-on-demand services, creating and selling high-quality prints of your artwork has never been easier.
You can upload your art prints to print-on-demand websites like Society6, Redbubble, or Fine Art America; they will handle the printing, shipping, and customer service for you. The best part is that you can earn a commission on every sale without worrying about printing, packaging, or shipping logistics.
Start a tutorial or workshop YouTube channel
Artists can help others and make money at the same time by starting a YouTube channel dedicated to workshops and tutorials.
As a YouTube creator, you can earn money from ad revenue generated by ads that appear before or during your videos. Additionally, artists can partner with companies or brands to promote their products in their videos. These sponsorships can provide a significant source of income for creators.
Artists can include affiliate links to products they use in their videos. If viewers click on the link and make a purchase, the artist earns a commission. You can also create a profile on Patreon, which is a platform that allows creators to earn recurring monthly income from their supporters. Creators can offer exclusive content or early video access in exchange for support.
Sell digital stock photos or illustrations
Selling digital stock photos or illustrations is a great way to make money as an artist. An artist can monetize their digital stock photos or illustrations in the following ways:
Stock photo or illustration websites: Artists can upload digital photos or illustrations to websites like Shutterstock or Adobe Stock. These websites allow artists to sell their work to a wide audience and earn royalties every time it is downloaded.
Personal website: Artists can also sell their digital photos or illustrations directly through their own website. They can use e-commerce platforms like Shopify, WooCommerce, or Gumroad to set up their own online store.
Patreon or subscription model: Artists can offer digital photos or illustrations as exclusive content for their Patreon supporters or subscribers. This provides a recurring monthly income and incentivizes supporters to continue their patronage.
Print-on-demand products: Artists can create designs using digital photos or illustrations and sell them on print-on-demand platforms like Redbubble or Teespring. These platforms allow artists to earn royalties on products like t-shirts, mugs, tote bags, or phone cases that feature their designs.
Licensing: Artists can also license their digital photos or illustrations to businesses or individuals for use in various projects such as advertisements, websites, or social media. Licensing agreements typically involve a one-time fee or ongoing royalties.
Sell art supplies and materials through an online store or drop-shipping service
Making money by selling art supplies and materials through an online store or drop-shipping service can be a great way for artists to make money. Here are some ways an artist can monetize their knowledge and expertise in art supplies and materials:
Online store: Artists can set up their own online store to sell art supplies and materials directly to customers. They can use e-commerce platforms like Shopify, WooCommerce, or Etsy to set up their store and sell products like paints, brushes, canvases, and other art supplies.
Drop-shipping: Artists can also use drop-shipping services to sell art supplies and materials without holding inventory. With a drop-shipping service, the artist lists the products on their online store, and the supplier handles the shipping and fulfillment of orders.
Affiliate marketing: Artists can promote art supplies and materials on their website or social media accounts and earn a commission on sales through their unique affiliate link.
Product Reviews: Artists can provide reviews and tutorials on different art supplies and materials on their blog or YouTube channel. By including affiliate links to the products in their reviews, they can earn a commission on sales made through their links.
Create and sell graphic design templates for marketing materials
As an artist, you can make good side money by making and selling pre-made graphic design templates for promotional materials. Create and sell your products on marketplaces like Creative Market, Envato Elements, or TemplateMonster. These platforms allow you to sell their templates to a large audience and earn a percentage of the sales.
You can also sell your graphic design templates directly through your own website. Use e-commerce platforms like Shopify, WooCommerce, or Gumroad to set up your online store and sell templates like social media graphics, email newsletters, or printed marketing materials.
Licensing your graphic design templates to businesses or individuals for use in various projects such as advertisements, websites, or social media is also a great way to make passive income. Licensing agreements typically involve a one-time fee or ongoing royalties.
In order to be successful in creating and selling graphic design templates, you should focus on creating high-quality, visually appealing designs that are relevant to market demand. You should also do research to understand the target audience for your templates and price them competitively.
Sell pre-made design assets like fonts, icons, or illustrations on digital marketplaces
As an artist, you can sell digital downloads on marketplaces like Creative Market or GraphicRiver or create a personal website. Shopify, WooCommerce, and Gumroad are just a few examples of e-commerce platforms that can be used to launch an online shop and begin selling digital assets like fonts, icons, and illustrations.
You can also offer custom design services for businesses or individuals who need design assets for their projects. Create assets that can be easily customized by the client or offer a full design service for a higher fee. You can also license your products to allow your clients to use your design assets and earn income.
Create and sell art-related apps, software, or plugins
Artists can make a good living doing what they love by developing and selling applications, programs, and plugins related to their craft. Some examples of how a creative person can make money using their programming skills include:
Sell apps on app stores: Artists can develop and sell their own art-related apps on app stores like the Apple App Store or Google Play. They can create apps that help users learn new techniques, provide tutorials, or showcase their own art.
Sell software or plugins: Artists can also create and sell software or plugins for popular design programs like Adobe Photoshop or Illustrator. They can create tools that help users create art more efficiently or offer features unavailable in the standard program.
Licensing: Artists can license their software or plugins to companies and individuals for use in things like commercials, websites, and social media. There is usually either a flat fee or a percentage of future profits involved in licensing agreements.
Subscription-based model: Patreon and personal websites are two options for artists who want to sell access to their software or plugins on a subscription basis. This ensures a steady flow of monthly revenue and gives subscribers a reason to stick around.
Offer customization services: Artists can offer customization services for their software or plugins to businesses or individuals who need unique features. They can charge a fee for the custom work or offer it as a premium service.
Sell digital art assets like 3D models, textures, or brushes
Like design assets and apps, selling digital art is a great way to offer creative products and make income. You can start by creating a personal website or registering on a platform like Amazon or Etsy to offer your products.
Also, you can implement subscriptions or art licensing to allow your clients to use your products based on an agreement and receive regular income from their use. You can provide premium options or special offers to keep your clients interested in your products.
Additionally, you can offer custom design services for businesses or individuals who need digital art assets for their projects. Remember to understand your target audience and focus on creating high-quality and visually appealing designs relevant to your market.
Create and sell art-themed calendars or planners
Artists have a unique opportunity to create and sell art-themed calendars or planners to generate passive income. These items provide a practical use for people and can also be beautiful works of art that people want to display in their homes or offices.
The first step in creating an art-themed calendar or planner is to choose a theme. This could be anything from nature to abstract art or even a specific color palette.
Once you have chosen your theme, it's time to create your artwork. You can use traditional media, like paint or pencils, or digital tools to create your designs. Remember that your artwork should be high-quality and visually appealing, as this will be the main selling point of your calendar or planner.
Then, you'll need to market your product to potential buyers. You can promote your calendar or planner on social media and create a website or blog to showcase your artwork.
Create and sell art-themed video courses or tutorials
There is a huge demand for high-quality instructional content in the art world. Whether you're a painter or a digital artist, there are people out there who want to learn from you and improve their own artistic skills. Creating art-themed video courses or tutorials is a good way to help others and generate income.
The first step is to identify your niche. What type of art do you specialize in? Who is your target audience? Once you understand your niche, you can create content tailored to your audience's needs and interests.
Once you have identified your niche, it's time to plan your content. This includes deciding on the format of your videos, outlining the topics you want to cover, and creating a schedule for releasing new content. Be sure to include a mix of beginner-level and advanced-level content to appeal to a wide range of viewers.
The quality of your video content can significantly impact your success. Invest in high-quality recording equipment and software to ensure your videos are clear, professional-looking, and easy to follow. Good lighting and sound quality are also very important.
It's essential to continue creating new video content in order to keep your audience engaged and attract new customers. Consider creating a series of courses or tutorials that build on each other or branch out into related topics to expand your reach.
BONUS: Take paid surveys
Paid surveys are a great way to diversify your income stream. Many survey sites are available, but not all are legitimate. Artists should do research and choose survey sites that are trustworthy and have a good reputation.
Forthright is a reliable platform that offers many interesting rewards for completing surveys. Register for free and receive invitations to complete surveys matching your information and knowledge. Then, you’ll receive money, gift cards, and other rewards.
Remember that to earn a decent amount of money from surveys, you should consistently complete them on a regular basis. You can set and stick to a daily or weekly goal for yourself. It is also important to keep track of your earnings from surveys and know the payout thresholds.
While online surveys may not provide substantial passive income for artists, they can offer a way to make some extra cash in your spare time.
Tips for artists to make passive income
Passive income takes time and effort and may not provide immediate financial relief. However, it can be a valuable source of income in the long run, allowing you to create financial stability and flexibility. By investing time and energy into creating passive income streams, you can free up more time to focus on your art, create more freely, and explore new avenues for creative expression.
Consider these tips to start your passive income stream successfully:
Focus on your strengths: Identify your unique skills and interests as an artist and build passive income streams that align with those strengths. This will help you create high-quality products and services that are in demand and make your work more fulfilling.
Build a strong online presence: In today's digital age, having a strong online presence is crucial for artists who want to build passive income streams. This includes having a professional website, social media profiles, and an email list. Building a following and engaging with your audience can increase your visibility and attract more customers.
Be consistent: Consistency is key to building a passive income. Whether selling digital products, offering design services, or creating online courses, you need to be consistent in your efforts. Set realistic goals and stick to a schedule to ensure that you are consistently creating and promoting your products and services.
Diversify your income streams: Having multiple passive income streams is important, rather than relying on just one. This can help reduce the risk of income fluctuations and provide more financial stability. Consider exploring different income streams, such as selling digital products, offering design services, creating online courses, or investing in stocks or real estate.
Keep learning and growing: Finally, it's important to continue learning and growing as an artist and entrepreneur. Stay current with industry trends, invest in your skills and knowledge, and be open to new opportunities. This will help you to stay relevant and competitive in your field and to continue building your passive income over time.
Generating passive income as an artist can be an excellent way to supplement your income and build long-term wealth. With the various options available today, including selling prints, licensing your artwork, or selling digital products, there are plenty of opportunities to earn a passive income while focusing on your art. The key is to find the right mix of passive income streams that work for you and your artistic style.
So, if you are an artist looking to build wealth and financial stability, don't be afraid to explore a passive income for artists and find what works for you. With creativity and persistence, you can build a portfolio of passive income streams that provide financial security and freedom, allowing you to focus on your passion for art.
Let us know your favorite passive income ideas, and share your experience with our community!
1. Can You Make A Living With Passive Income?
Yes, it is possible for an artist to make a living with passive income. This kind of income is earned without active involvement, such as through investments or royalties from previously created works.
There are several ways that artists can generate passive income. The artist does not have to actively create new works or actively market the products but can continue to earn income from the sales.
2. What kind of art makes the most money?
The kind of art that makes the most money can vary widely depending on factors such as the current art market trends, the artist's reputation and brand, and the collector's demand for a particular style or genre.
Graphic Designers: Graphic designers create visual concepts and designs for various mediums, such as logos, websites, advertisements, and packaging. Skilled and experienced graphic designers can demand high rates for their work, especially if they work on high-profile projects or for high-end clients.
Photographers: Photographers often specialize in a specific type of photography, such as portrait, landscape, or commercial photography. Successful photographers can earn a good living through a combination of commercial work, selling prints, and licensing their images.
Writers: Writers create content for various mediums, such as books, magazines, websites, and advertising. Skilled writers who are able to produce high-quality work quickly and efficiently can earn a good living, especially if they specialize in a niche or have a well-established brand.
YouTubers: YouTubers create video content for their YouTube channels, often focusing on a particular niche or topic. Popular YouTubers can earn a substantial income through advertising, sponsorships, merchandise sales, and other revenue streams. If you’re an artist, you can use Youtube as a platform to promote your art, products, and services.
3. What job should I do if I love art?
If you love art and want to turn your passion into an art career or art business, many job options are available. Here are some careers to consider:
Fine Artist: Fine artists create works of art using a variety of mediums, such as painting, drawing, sculpture, or printmaking. Fine artists often sell their work through galleries, art fairs, or online platforms.
Graphic Designer: Graphic designers create visual concepts and designs for a variety of mediums, such as logos, websites, advertisements, and packaging. This career requires strong artistic skills and knowledge of design software and technology.
Art Director: Art directors oversee the visual style and design of creative projects, such as advertisements, films, or magazines. They work closely with graphic designers, photographers, and other artists to ensure the project meets the client's needs and vision.
Art Instructor: Art tutors or teachers educate students on the principles and techniques of art. As an artist, you can create courses or provide private classes to teach others about your work and techniques.
Art Therapist: Art therapists use art-making as a therapy tool, helping individuals express themselves and work through emotional or psychological challenges. They may work in settings such as hospitals, clinics, or schools.
These are just a few examples of the many careers available to those who love art. It's important to consider your personal strengths, interests, and goals when deciding on a career path.