SOME jobs are low effort and can even replace your full-time job, as a millennial now brings in thousands of dollars a 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 earned money does not require a lot of regular work.
Influencer Ryan Hogue, who now operates a print-on-demand business, is taking advantage.
Previously, the 33-year-old worked full-time as a web developer, earning $85,000 a year, and he felt like he was putting too much effort into his job.
Now Ryan is making $14,600 a month from spending just an hour a day on his side hustle.
He also runs a Ryan Hogue Passive Income YouTube channel, where he shares his tips for making money online.
What is Print on Demand?
In the mid-1980s, the use of printers began to become popular.
This 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.
In Ryan’s case, about 50% of his passive income comes from selling designs through Amazon Merch on Demand.
Opening an account is free.
“I like this platform because you don’t have to pay upfront for inventory,” Ryan said in a CNBC Make It contribution post.
How it works and how to start
To get started, you’ll want to do the following on Amazon Merch, according to Ryan.
- Create a T-shirt design and save it as a PNG file
- Download it from Amazon Merch
- Select the product type and insert a description
Once you’ve done that, Amazon does some things automatically.
This includes creating a “3D render” of the design and a product listing for customers to purchase.
And once a customer buys the product, Amazon takes care of the production and shipping.
For each product, those who sell on Amazon Merch receive a royalty of between 13 and 37%.
Ryan’s top-selling item is what he calls a standard t-shirt, which he charges $19.99 for.
He earns a royalty rate of 26% per sale, which allows him to make a profit of $5.23.
Additionally, Ryan sells other merchandise, including mugs, hats, sweatshirts, stickers, and even phone cases.
On larger items like sweatshirts, Ryan claimed he earned $10 in profit.
And keep in mind that Ryan’s background in web design probably helped him here – so you might not have the skills right off the bat to pull off this kind of side hustle.
Another thing to note is that side hustles count as income.
So you could get a big surprise tax bill from the Internal Revenue Service if you don’t track your income.
For more side business, a delivery hustle helped an influencer pay off over $50,000 in debt.
And we spoke to a marketing expert who revealed how he made an extra $6,000 a month without spending time on it.