Have you ever wondered if it’s possible to earn passive income from your data science skills? In other words, earning some data science passive income. You know, the kind of income that rolls in even when you’re not actively working on a project?
Well, you’re not alone. I actually get asked this question ALL the time.
Now, let’s be real. When we talk about data science skills, we’re typically referring to implementation-style work – you know, the actual working with data and data systems part. And let’s face it, that’s definitely not passive. It’s the “trading dollars for hours” model.
But, after earning passive income from my data science expertise for over a decade, I can confidently say that it is possible. So, in this post, I’ll break down my answer to the question in the following ways:
🤔 What is passive revenue?
💰 What can you sell to earn data science passive income?
💸 How much money can you earn from data science passive income?
🤑 What are the benefits of passively earning data science offers?
So, let’s hop to it!
🤔 What is passive revenue?
Technically speaking, passive revenue is supposed to be when you make money from something without actually having to do any work (hence the passive part). But, let’s be real, there’s always at least some degree of work that goes into the process. Whether you’re monetizing products, services, real estate, financial instruments, or anything else, there’s always some work involved.
The extent of that work depends on what you’re monetizing. If you’re selling a product, the distribution model you choose and the extent to which you delegate will dictate how much work you’ll be doing to actually produce and maintain revenue generation.
💰 What can you sell to earn data science passive income?
The short answer is, you can sell services, products, and even your likeness. Now, this depends on how much of an online following you have.
To make “passive income” by selling services, you’d either need to be selling white-labeled services or earning a commission for referrals you make to other service providers. Technically, you could also become an agency owner and delegate all the work involved in running the agency, but that would take years to build, and the building process would be anything but passive.
To make passive income from products, you could build and sell digital products like courses and books. You could also build and sell a whole host of other clever types of digital products that aren’t currently being created and sold in the data science industry yet (hello market opportunity 🖐). With Income-Generating Ideas For Data Professionals, you’ll have access to over 50 brilliant ideas for products and services that you can start selling right away, all of which are practical, profitable, and proven.
Lastly, you could sell white-labeled SaaS products. The details of that idea are also included in Income-Generating Ideas For Data Professionals.
With Income-Generating Ideas For Data Professionals, you’ll not only get an explosion of vetted offer ideas but also expert tips on how to make your offers irresistible, how to save time and effort, and how to upsell and cross-sell like a pro. Plus, the ideas are organized by categories such as audits, bots, courses, dashboards, applications & tools, kits & reports, planners, publishing assets, resource banks, roadmaps & recipes, services, and template packs.
💸 How Much Money Can You Earn From Data Science Passive Income?
The amount of passive income you can generate from your data science skills depends on your benchmark. The benchmark I set for myself is to earn at least $1,000 per hour I put into passively generating revenue sources. While I haven’t always achieved that, especially when I was starting, I’m pretty good at achieving or exceeding that benchmark now (it’s been a decade after all).
However, if you’re just starting, there are ways to accelerate your passive earnings. The first step is to nail down a great offer, then take it to market successfully, and work on increasing sales over time. Income-Generating Ideas For Data Professionals provides over 50 proven and profitable offer ideas for data professionals, so that’s a great place to start.
How much money can you earn passively from data science skills? 🤔
Well, it’s not exactly pocket change, but it’s also not an unattainable Scrooge McDuck level of wealth 💰. The benchmark I set for myself is to earn at least $1,000 per hour I put into passively generating revenue sources.
Of course, I haven’t always hit that benchmark. When I first started out, my passive earnings were more like a sad trombone than a cha-ching 💸. But with time and hard work, I’ve gotten pretty good at it (I mean, it’s been a decade after all).
So, if you’re a data pro looking to get in on the passive income game, start by nailing down a great offer and taking it to market. And if you need ideas, don’t worry – I’ve got you covered with over 50 profitable offer ideas in Income-Generating Ideas For Data Professionals.
Now, onto the benefits of passively earning data science offers. 🎉
How does earning an extra hundred grand per year sound? And the best part? You don’t need a boss or any clients that you’ll have to constantly answer to! 🙌
In fact, you can earn over $100k per year with just a couple hours of work per week. Say what?! Yup, it’s possible. How do I know? Because I’ve been doing it for years and I’m living proof.
So, if you’re ready to turn your data science skills into a cash cow 🐄, check out Income-Generating Ideas For Data Professionals and start earning that sweet, sweet passive income.
With over 50 proven & profitable offer ideas for data professionals, Income-Generating Ideas For Data Professionals is the ultimate resource for proven business ideas to help you start earning data science passive income.
Here are some of the things people are already saying about Income-Generating Ideas For Data Professionals:
And then there’s testimonials from other customers. There are those who I’ve taught how to sell their offers for over $1,000 per hour – like this one:
In short, if you’re looking for ways to earn data science passive income by turning your data science skills into passively earning offers, then look no further. Here’s the Income-Generating Ideas For Data Professionals!
This comprehensive guide provides over 50 proven and profitable offer ideas for data professionals to generate extra income. Whether you’re interested in selling services or products, this guide’s got you covered. With Income-Generating Ideas For Data Professionals, you’ll get instant access to data science offer ideas that have the possibility of earning you an extra $100k per year or more from just a few hours of work per week. Don’t miss out on this opportunity to turn your expertise into passive income – get your copy now!
