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October 29, 2013 06:01 pm GMT
Original Link: http://vandelaydesign.com/blog/business/passive-income-for-designers/
A Guide to Passive and Recurring Income for Designers
There are a number of different ways to earn a living as a designer or developer. Of course, you could work as an employee for a design studio, you could work as an in-house designer for a company, you could freelance, or you could start your own studio or agency. While those are the most common approaches, they are not the only options. With loads of competition for client work, a growing number of designers are actually using a combination of a few different sources of income in order to earn a living.You may have heard or read about earn passive income as a designer. In this article we'll take a detailed look at the opportunities to use your design skills for passive or recurring income.What is passive income for designers? Well, there are a lot of varying opinions and different definitions out there. For the purposes of this article we'll be looking at things aside from client work or work that you would do as an employee.With client projects, whether you are charging an hourly rate or a flat fee for the project, you are essentially exchanging your time for money. The amount of money that you can make will be limited by your rates and the amount of time that you can work. The approaches that we'll be looking at in this article are not passive in the sense that they require no work, but the amount of money that you can make is not limited to the number of hours that you are able to work. In most cases you'll be putting in the majority of the work upfront, and then you'll (hopefully) be able to continue to make money from that work well into the future. And you may be able to make money repeatedly for the same work, which is where the recurring aspect comes into play.Original Link: http://vandelaydesign.com/blog/business/passive-income-for-designers/
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