Want to know how to make side income as a web developer? Then this article is for you. Here you'll get to know which are the best ways to earn well...
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ThemeSelection on May 25, 2021
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Just a heads up, not all of these are "passive income". Be careful with that term. It has profound tax implications.All of the above are merely "secondary income".
When you are providing a good or service for a fee, that's active income. Finding bugs for bounties or selling SaaS is not passive income.
Writing a book or course and collecting royalties, on the other hand, would be considered passive income. So would renting out a home, even though you'd have to maintain it.
Active vs. passive income has nothing to do with effort. Talk to a licensed CPA.
Related, but I found it amusing it started with a picture of Warren Buffet and then listed a bunch of jobs. I'm not sure about the context of the quote, but I doubt that's what the "Oracle of Omaha" meant.
These aren't passive income tips. Moreover you added game and app development which are out of scope for web developers.
It varies from person to person. There are many developers who in their free time develops games or apps and earn. So, in the end it depends on person what they consider as passive income source.
If you need to actively work on it, it's not a passive income but an active income.
I think a more appropriate way to define it in this context is trading time for dollars. All of the methods mentioned have a loose correlation between work and revenue. Spend 1000 hours building a course and you might sell 10 subscriptions or you might sell a million.
I agree with you though, I sometimes TRY to code games for fun. I'm not good at it because I'm not good at math. I don't understand basic matrices or trig, lol. I also agree with Nikola. These are active incomes rather than passive incomes.
Regardless, thank you for posting this. It is people like you who keep the community running. I realize that this website has mostly beginner level developers, which is a really good thing because people share and interact a lot!
Yes, but I'm sure there are also many developers who are good watercolour painters who could paint portraits as a side job!
Bounty Program deosn't seem to be passive Income.
You'll have to work every time you are going earn income from it.
But I guess its a really good resource for people to look for differnt income source for web developers.
Unless you make bounties out of recommending peers for jobs :)
Very interesting, thanks for this article!
Thank you very much for your appreciation.🙂
Not the best title (a bit misleading as others have mentioned) but still, a great list of ideas one can use, as a software developer, to generate diverse sources of income. Cheers for that!