This 34-year-old makes more than $5,100 a month in passive income—here’s how she got started

In 2015, at age 26, I used to be laid off from my six-figure job as a copywriter. It felt like a significant setback on the time. However trying again, it was the motivation I wanted to turn into my very own boss.

Instantly after my layoff, I used to be requested to be a bridesmaid for 2 weddings. However moderately than feeling pressured, I noticed a possibility. I had been a bridesmaid nearly a dozen occasions earlier than, and never solely did I get pleasure from it, I used to be additionally good at it.

So I posted a bridesmaid service advert on Craigslist — and obtained over 300 inquiries. Some folks had shut pals who could not make their marriage ceremony day, others did not want a full-service marriage ceremony planner, however needed some assist planning logistics.

That is how Bridesmaid for Hire was born in 2015. After serving greater than 125 weddings, I have been ready to make use of my model to create three passive earnings streams that generate greater than $5,100 a month.

This is a more in-depth take a look at every of the earnings streams:

1. Sharing merchandise I really like

Passive earnings earnings: $3,000 a month

I've been blogging about marriage ceremony planning since 2011. I really like sharing behind-the-scenes appears at my life and enterprise with my 100,000 social media followers and 40,000 newsletter subscribers.

Final 12 months, after speaking to some influencer pals, I began a brand new earnings stream earning money as a model affiliate via platforms like Amazon Affiliate Program and RewardStyle.

The way it works is that I share merchandise — jewellery, attire, footwear, purses, make-up and sweetness merchandise — that I'd put on to a marriage on social media, my web site and weekly newsletters. Every time somebody clicks on the hyperlink and makes a purchase order, I earn a proportion of the gross sales.

I spend about 20 minutes every week trying to find merchandise and creating content material round them. I maintain a working checklist of things I truly use and revel in.

3. Creating on-line programs

Passive earnings earnings: $2,000 a month

In 2017, I created my first course to show folks the best way to begin a marriage enterprise. In the course of the pandemic, I launched different programs on private branding, public talking and the best way to get unstuck in your profession. Now I provide a complete of five online courses.

When growing a brand new course, I take into consideration the areas that I'm an professional in, and I ask my viewers what they're most excited about. I usually do that by sending them surveys and polls, both on social media or via my publication.

Placing collectively the framework of the course can take anyplace from just a few weeks to a couple months, relying on how in-depth I am going. I take advantage of iMovie or CapCut on my cellphone to movie and edit the course movies.

I additionally use an e mail advertising platform referred to as FloDesk that prices $228 a 12 months, and a internet hosting platform referred to as Thinkific that prices $948 a 12 months.

3. Writing eBooks

Month-to-month passive earnings earnings: $100 a month

I've written three books. My first, "All My Associates Are Engaged," is about what impressed my enterprise. "At all times a Bridesmaid for Rent" is about my expertise rising my firm, and "Lastly the Bride," is about what I discovered from planning my very own marriage ceremony.

"All My Associates Are Engaged," was launched via an internet writer. I labored with a conventional publishing firm in 2018 for "At all times a Bridesmaid for Rent," which paid me a flat charge to jot down it, and I do not earn royalties from any gross sales.

With "Lastly the Bride," I needed to take extra possession of the method. I launched a brand new chapter each month (a conventional writer would not have been capable of assist that), and I get to maintain 100% of the earnings.

I take advantage of a free platform like Reedsy to format the guide, and Canva to design the duvet. I set the worth beneath $10 to verify it is reasonably priced and accessible to everybody.

As my enterprise continues to develop, I am at all times trying to find new and modern methods to make extra passive earnings. That means, I can reduce what number of hours per week I work and maximize how a lot cash I usher in each month. 

Jen Glantz is the founding father of Bridesmaid for Hire, host of the podcast You're Not Getting Any Younger, and the creator of The Pick-Me-Up publication. Comply with her adventures on Instagram @jenglantz.

Do not miss:

Wish to earn extra and work much less? Register for the free CNBC Make It: Your Money virtual event on Dec. 13 at 12 p.m. ET to be taught from cash masters like Kevin O'Leary how one can enhance your incomes energy.

I quit my $35K job to grow my side hustle — now it brings in $141 million a year

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