Most people think of generating passive income as something that requires little or no effort. While this can be true in some cases, you’ll only be able to make a decent amount of money if you invest. When deciding on a passive income strategy, you’ll have to decide if you’re more comfortable investing time, money, or both. There are no ifs or buts – you have to invest if you’re looking to get something out of your endeavor.

What you need to know about passive income

Chatbots are starting to become an essential part of running an online business. From collecting user information to greeting visitors and offering quick answers to frequently asked questions.Software developers can create chatbots in a variety of programming languages while taking advantage of the demand for BAAS (Bots as a Service).Develop a chatbot and receive commissions If you’re looking for a passive way to earn from chatbots, you can give them away for free and earn extra commissions on every client it brings in.

2. Utilizes Chatbots

This option should come as no surprise! One of the best ways to generate a software developer passive income stream is by actually building your own software. Develop software people will find useful and consider selling it or advertising within the platform. As long as the software you’re building eases a consumer’s pain point, there’s a good chance you can earn money from it!

Build your own Apps

Software developers can share their expertise on video and create a monetized channel through ads or selling products or merchandise. While this is an article about generating passive income.Understanding what your audience will be like is essential to the success of your monetization. Targeting your audience with the right type of content is essential.Over time, your YouTube channel will have a good collection of videos people can watch and come back Once you’re done setting up your channel, you need to select a way to passively monetize it.

5. Start a YouTube channel

If you have the knowledge to impart, then blogging can be one of the best software developer passive income streams.With a minimal effort of one blog post per week, you can offer programming knowledge that aspiring developers will find interesting. The more you set yourself up as an expert in your field, the more visitors you’ll have. Once your website is populated with great content, you’ll want to decide on the best monetization strategy. You can run Google Ads and get paid for every click

1. Blogging

If you’re an expert in your field, you can consider creating online courses to generate a software developer passive income stream. Creating and selling courses is easy with platforms like Udemy that give you all the tools you need to build your curriculum. To earn passively, you can charge for online courses in several ways.You’ll then make passive income whenever a student signs up for your course.

6. Build an Educational Course

Businesses require web applications that boost their productivity, enhance project management, and streamline money management. If you’re looking for a passive income source without having to create new content, you may consider buying and selling web apps.Do note that a lot of businesses aren’t confident about what software will best help them. You can step in and suggest features and add-ons for these businesses and earn passive income while doing it.

3. Sell Web apps

Creating and selling eBooks is one of the most popular ways to earn extra money as a software developer. If you have some knowledge to impart, drafting an eBook and sharing it with others can earn you extra money, but to generate truly passive income, you need to follow a few tips.To ensure that you get constant exposure, it’s best to utilize platforms to handle your promotion for you.

7. Create an Ebook

If you’ve developed special effects, functions, or animations in the past, they can continue to be useful to others even years after you’ve made them available for purchase. Therefore, selling them can be one of the best software developer passive income streams. Sell through a platform- Sell your creations in platforms such as Unity Asset Store, GameDev Market, or the Unreal Engine marketplace. You can also consider selling upgrades to your basic frontend code for a yearly subscription.

8. Sell effects , function and animations

Looking to develop software developer passive income streams? The demand for software developers grows year after year, and those who are particularly good at the craft will find income to be hardly a problem.While opportunities abound and money is generally easier to come by for those who have computer development prowess, generating passive income can be a lot trickier. Those looking for a life free from constricting schedules will pick up a thing or two from this comprehensive guide.

Software Developer Passive Income Streams in 2021