SOME jobs take little effort and can even replace your full-time gig, as one millennial is now bringing in thousands of dollars per month.
If you’re lucky enough, you might be able to find a side hustle that has the luxury of passive income.
This type of money earned does not require much regular work.
One taking advantage of this is influencer Ryan Hogue, who now operates a print-on-demand side hustle.
Previously, the 33-year-old worked full-time as a web developer, earning $85,000 per year and he felt like he was putting too much effort into his job.
Now, Ryan banks a whopping $14,600 per month by just putting one hour a day into his side hustle.
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He also runs a YouTube channel Ryan Hogue Passive Income, where he shares his tips on how to make money online.
What is print on demand?
In the mid-1980s, the use of printers started to become popular.
That led to the opportunity of print on demand, which allows merchants to upload their designs for items such as t-shirts and sweatshirts and sell them to customers.
This can be done on major e-commerce platforms including Shopify and Etsy.
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In Ryan’s case, about 50 percent of his passive income comes from selling designs through Amazon Merch on Demand.
It's free to open an account.
“I like this platform because you don’t have to pay money upfront for inventory,” Ryan said in a contribution article on CNBC Make It.
How it works and how to get started
To get started, you’ll want to do the following on Amazon Merch, according to Ryan.
- Make a T-Shirt design and save it as a PNG file
- Upload it to Amazon Merch
- Select the product type and insert a description
Once you do those, Amazon does a few things automatically.
This includes creating a “3D rendering” of the design and a product listing so customers can buy it.
And once a customer buys the product, Amazon takes care of the production and shipping.
For each product, those who sell on Amazon Merch are granted a royalty fee in the range of 13 and 37 percent.
Ryan’s top-selling item is what he calls a standard t-shirt, which he charges $19.99 for.
He gets a 26 percent royalty rate per sale, allowing him to earn $5.23 in profit.
Additionally, Ryan sells other merchandise including mugs, hats, sweatshirts, stickers and even phone cases.
On larger items like sweatshirts, Ryan claimed he earns $10 in profit.
And keep in mind that Ryan’s experience in web design likely helped him here – so you may not have the skillset right off the bat to successfully do this type of side hustle.
Another thing to note is that side hustles are considered to be income.
So, you could be in for a big surprise tax bill from the Internal Revenue Service if you aren’t keeping track of your earnings.
Read More on The US Sun
Read More on The US Sun
For more on side hustles, a delivery side hustle helped an influencer pay off more than $50,000 in debt.
And we spoke to a marketing expert who revealed how he made $6,000 extra per month without putting any time into it.