How Many Stock Images or Design Templates Do You Need to Earn $1,000 per Month in Passive Income?
Stock images and design templates can be a great way to generate passive income. By creating high-quality assets that are relevant to the market, you can earn royalties every time someone downloads or purchases your work.
In this blog post, we will discuss how many stock images or design templates you need to create to achieve your goal of earning $1,000 per month in passive income.
The first thing you need to consider is the pricing models of the stock platforms you want to submit your work to. Here are some of the most popular platforms and their pricing models:
- Shutterstock: Shutterstock typically pays contributors based on the number of downloads through a tiered system. The more downloads you accumulate, the higher your earnings per download.
- Freepik: Freepik offers a subscription-based model. Contributors receive a share of the subscription revenue based on their content’s popularity and downloads.
- Adobe Stock: Adobe Stock has a credit-based system where contributors earn a percentage of the price paid for each image download.
Earnings per Download
The amount you earn per download will also vary depending on the platform and the type of content you create. For example, Shutterstock reports that the average earnings per download for a non-exclusive contributor is around $0.25 to $0.40.
Monthly Earnings Goal
Finally, you need to set a monthly earnings goal. In this example, we will use $1,000 per month as the goal.
To estimate how many stock images or design templates you need to create, we can use the following formula:
Monthly earnings goal ÷ Earnings per download = Number of downloads needed
So, if your monthly earnings goal is $1,000 and your earnings per download is $0.30, you would need to achieve 40,000 downloads.
How Many Templates/Images Do You Need?
The number of templates or images you need to create will depend on the average number of downloads per template or image. For example, if you estimate that each template will generate 10 downloads, you would need to create 4,000 templates to reach 40,000 downloads.
Earning $1,000 per month from stock images or design templates is definitely possible. However, it takes time, effort, and dedication. If you’re willing to put in the work, it can be a great way to generate passive income.
Here are some additional tips to help you achieve your passive income goals:
- Choose a niche that you are passionate about and that you have expertise in. This will make it easier to create high-quality content that is relevant to the market.
- Stay up-to-date on trends. The demand for stock images and design templates changes constantly, so it’s important to stay up-to-date on the latest trends.
- Be patient. It takes time to build up a portfolio of high-quality work that attracts downloads. Don’t get discouraged if you don’t see results immediately.
Tips for Increasing Downloads
Here are some tips for increasing the number of downloads of your stock images or design templates:
- Create high-quality, original content that is relevant to the market.
- Use relevant keywords in your titles and descriptions.
- Promote your work on social media and other channels.
- Submit your work to multiple stock platforms.
- Be patient and persistent. It may take some time to build up a portfolio of high-quality work that attracts downloads.
I hope this blog post has inspired you to start creating stock images or design templates. With hard work and dedication, you can achieve your passive income goals.