Whether you’ve been in the tech niche for years or just joined, you can easily secure multiple passive income streams. There are plenty of tech-driven hustles you can try out. Some of them require more dedication but give back more, too.
If you want to earn money with minimum effort, keep on reading.
Side Hustles
You don’t have to create digital products or dive deep into a passive income stream. To prepare for more serious time investments, use already-created digital products to earn some extra cash.
For example, services like Honeygain let you share your internet bandwidth with other individuals and businesses in need. Since not all internet users need as much traffic as they’re provided with, why not sell it? Not only is it profitable for you, but you’re also helping businesses battle restrictions and censorship. They can scan the web for illegal activities, test their services, etc.
Many companies and platforms also hire game testers. If you love gaming and would be willing to aid game developers, register and start earning a buck! It’s one of the most enjoyable passive income streams, and you participate in game creation.
Given that you’d want to share your opinion for money, you will be happy to hear that taking surveys and writing paid reviews is also quite profitable. Setting up an account to start takes less than 10 minutes, and you can earn extra money.
Investments
Cryptocurrency
All tech workers have already heard about investing in cryptocurrency. Yet, choosing your path within crypto investments can be too overwhelming. Well, we don't blame you. Amid hundreds of new currencies popping up online, it's hard to focus on just one.
Avoid possible pump-and-dump schemes. Smaller and newer cryptocurrencies promoted on social media will be the riskiest and, most of the time, will end up in a pump-and-dump situation. That said, almost all crypto is a risky investment, regardless of your experience. That being said, it’s important how you store your crypto. There are two ways you can keep it:
- Investment platforms. Since the day crypto investing was born, several big platforms have allowed you to invest and store all your cryptocurrency. Make sure your platform of choice is responsible for the custody and safekeeping of your assets so that it's well-protected against scams and cyber criminals.
- Crypto wallet. With a crypto wallet, you take responsibility for safekeeping your assets. Crypto wallets work thanks to the private keys kept on the blockchain. You also use them to prove your identity and log in to the most decentralized platforms.
Stocks
Stocks are a lot safer than cryptocurrency. Still, they're a perfect way to earn some passive income that can grow and evolve with time. Stocks are also great for chasing long-term goals and bigger results.
To place the safest bet with stocks, ensure your portfolio does not contain just one investment stream. It should be diverse and consist of reputable sources, like:
- mutual funds;
- index funds;
- exchange-traded funds (ETFs);
- high-dividend stocks.
It’s easy to start investing instocks. All you need to do is partner with a financial institution and open a brokerage account. After that, put some money towards investment. You can choose more than one stock to invest in, but ensure you’re not overwhelmed by constant management.
Online Courses
All tech professionals seek a way to establish themselves in their niche. Of course, there are various ways you can do that. But developing and sharing an online course will showcase your skills and knowledge, earning you lifetime support and dedicated fans.
Online courses are created only one time. Once you write everything out, film the videos for every lesson, and post them, you don’t have to invest more time. Your money will pool into the river of income passively.
Yet, you can still go back to your course and build a bigger following by communicating with the audience. Responding to questions and helping along the way will raise your professional level.
Digital Products
In addition to online courses, there’s an array of other digital products you can create and sell. As an IT specialist, tech-related digital products will be a breeze, earning you some good cash for years ahead. Depending on your skills level and interests, you can make and sell:
- E-books;
- software and games;
- memberships;
- WordPress themes or plugins;
- NFTs;
- ready-to-use web pages, and more.
Affiliate Marketing
Affiliate marketing works both ways. Given you’re a social media personality or an online influencer that has a blog, you can promote other products and services to your audience.
As an affiliate marketer, you receive a unique link or code that you can use throughout the sponsorship. You receive a commission when your fan clicks the link and purchases a product. Thus, the company is helping you earn passively while you're aiding the team in growing sales and engagement.
Mobile App Development
An average mobile user has 80 apps on their phone. Yet, only 29% of downloaded apps survive more than 90 days. If you’re confident your mobile app can pass this period, try developing one!
App developers are responsible for designing, coding, and launching their apps. After the launch, it's better to release updates and check user reviews. Yet, it’ll just continue earning your money when your app hits big.
Conclusion
So, there are quite a lot of ways to earn passively with tech-driven hustles. Try stocks or cryptocurrency if you’re ready to take up financial investments. Otherwise, selling digital products, developing apps, or being an affiliate might be just up your alley!
