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How Much Money Can A Graphic Designer Expect To Make In A Year
Have you ever wondered how you should earn passive income as a freelance or full time graphic designer?
Freelance employment has historically been a common career option for the workforce. According to Upwork, one of the largest freelancing platforms on the internet, the percentage of people freelancing for personal reasons has increased from 53% in 2014 to 61% in 2018 and is expected to continue growing in sectors such as telecommunications, communications, and graphic design.
Without a question, there is a lot of money to be made in the world of graphic design; thus, it is better if you enter immediately! At Blue Sky Graphics, our one-to-one online graphic design course will teach you industry-standard graphic design.
Freelance Graphic Designer
After completing this course, you can apply as a graphic designer with ease or even start your freelance career before receiving your certificate.
Regrettably, the freelance graphic designer’s salary may be volatile. For a few months, income will flow smoothly, and for a few months, you would struggle to find a single gig. This is why passive income is an excellent option for an aspiring freelance graphic designer.
Graphic designers can earn a lot of money, provided they possess the skills and the intelligence to sell what they create.
Unfortunately, the field of graphic design is very difficult, so you’ll need to be creative in generating passive profits. To assist you, we’ve compiled a list of eight legitimate ways to earn passive income as a freelance graphic designer! And have a look at it below.
1. Create and sell your own fonts.
Selling your own fonts is one of the most lucrative passive income streams. Through designing your own fonts or scripts, you are creating a product that can continue to sell even after you have completed the creation process.
Fonts and scripts can be sold to virtually everyone on any given day, which makes them a highly adaptable product. You will market them in the following categories: parties, conventions, restaurants, websites, infographics, brochures, cards, and posters.
You can sell your own fonts, texts, typefaces, and even one-of-a-kind icons from your own online store. When it comes to digital products, the only limitation is the imagination!
2. Illustrations for stock graphics
Creating stock graphics is one of the simplest ways for a freelance graphic designer to earn passive income. Whether it’s posters, vector images, or flags, there is a huge market for custom graphics, and there are a variety of stock markets where you can sell your creations.
Contributor: The simplest account model, this one allows you to upload content and earn a set percentage of the revenue generated each time you download it. As a Contributor, you retain control of your inventions, which is fantastic because it enables you to sell them anywhere you can.
3. Have concept models for sale
Nowadays, DIY is all the rage, which means that creators and small business owners are also on the lookout for prototype templates they can modify and customise. If you are skilled at creating designs for a particular theme, such as flyers, brochures, or infographics, you can leverage your skills by offering concept templates from an online store.
4. To publicise the lessons
People buy when they are experiencing a problem and need a solution. Therefore, be the one who knows the answer! You may produce courses in the form of a video or an eBook to show people how to create their own graphic designers or templates.
Creating a guide is relatively straightforward; after all, you are already engaged in graphic design. What you need to do is download one of the screen casting apps and share your process with us. However, if you so choose, you can also create a comprehensive course complete with courses, notes, and real-world examples. It is a malleable commodity that can be customised in whatever way desired.
5. Marketing Intern
If your website or social network has now grown to a decent level, affiliate marketing can be a good way to gain some passive income. Affiliate marketing is where you provide a relationship or provide a shout-out to another company in exchange for a percentage of revenue or a flat fee whether anyone purchases a product or service through your contact.
The larger your fanbase or viewership, the more money you can earn, which may be very valuable if you are a well-known star. However, use caution when choosing a partner. If you refer clients to substandard services or products, they will lose faith in you, which will tarnish your reputation as a graphic designer.
6. Collaborate with the Commission without compensation
This is a bold investment decision, but it has the potential to pay off handsomely, so proceed with caution. Frequently, up-and-coming businesses will exchange graphic design services for shares in the company or a percentage of revenue.
Though most professional graphic designers will laugh at the idea (we need to pay expenditures now), if a business takes off, it may result in a meaningful passive stream of income. When you receive such an offer or are involved in acquiring one, ensure that you do due diligence to determine if the offer is really worthwhile to you.
7. Versions with WordPress for sale
WordPress currently hosts over 172 million active websites, making it one of the most popular website development platforms on the Internet. Due to its flexibility and ease of use, it is very useful for small businesses and do-it-yourselfers who choose to create their own website without having to pay thousands of pounds to a professional website designer.
This indicates that the WordPress template industry is thriving at the moment. Although website designers provide expertise and honesty, there are many DIYers who would rather pay between GBP5 and GBP300 for a prototype than pay GBP1,000+ to a web designer.
If you have experience developing web models, you can build one and sell it online. As more people turn to the Internet for personal and business purposes, demand for simple-to-use templates can only increase.
8. Fees for referrals
If you’re at a point in your career where you’re already doing more work than you should and you’re always switching customers, consider utilising them to your advantage. Establishing a referral arrangement with another graphic artist or agency with which you have confidence benefits both parties.
Referral contracts usually enable the referrer to pay a percentage of the project’s revenue or a fixed charge. Thus, even though you do not perform some work, you will earn money by connecting an associate to a client.
