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It’s not unusual if you’ve set a goal to make more money in 2022 than you did in 2021. Luckily, there are no shortage of options to make some passive income, so you don’t have to quit your day job to achieve this goal.
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The key is what’s known as the sharing economy, a collaborative consumption that continues to have a massive impact on how people do business and is disrupting established industries at a breakneck pace. The sharing economy operates on the premise that we have underutilized assets in our lives, and we can sell or rent those assets to our neighbors in win-win transactions.
Here’s how you can get in on the action and make extra money in the coming year.
Last updated: Oct. 22, 2021
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Share Your Art
Creative Market: Sell your designs, website themes, fonts, photography and more on Creative Market.
TurningArt: TurningArt is a unique art rental marketplace for homeowners and businesses. Artists earn royalties each time their work is rented, or when prints or originals are sold through the site.
Minted: Minted offers celebratory invitations, stationery, home decor and other items from independent artists and photographers like you. Users can earn cash prizes for one-off contests and commission on ongoing sales of your work.
Redbubble: Join the network of more than 350,000 independent artists selling their creative work on Redbubble. An online marketplace, you have control over the price of your work, with most artists earning 10 percent to 30 percent of the retail price.
Cafepress and Zazzle: These are a couple of the largest print-on-demand T-shirt and merchandise sellers. How it works is you upload your designs and create your own storefront. When someone buys a product, you earn a royalty on the sale, but never have to touch the inventory or ship the item; the company does it all for you. This has the potential to be a really cool passive income stream, especially if your designs can begin ranking on their own on Google.
Teespring: With Teespring, you create your own unique T-shirt designs and then market them to relevant audiences, earning the spread between …….