How to turn one dollar into multiple sources of income in 2024?

How to turn one dollar into multiple sources of income in 2024?



If you have big plans for 2024 and want to create additional sources of income and focus less on what is not working, then you are in the right place.

Before we go over how you can turn a single dollar into multiple passive income streams, let's first talk about the concept of passive income.

Passive income is money that comes to you without you working at the moment. It is the result of the time or money you invested in it earlier. It can be likened to planting a seed and reaping the rewards over and over again.

Now we'll show you how you can make your first passive income in 2024.
How to start a passive income journey with one dollar in 2024?

First investment: $1 in a 30-day subscription to Creative Fabrica Before we get started, you need to make a small investment of $1 in a 30-day subscription to Creative Fabrica. This subscription will give you access to a range of creative resources with commercial licenses.

Creative Fabrica: A marketplace for creators by creators Creative Fabrica is a marketplace for creators where you find many creative resources with commercial licenses. You can take advantage of these great resources to build passive income streams.

How to make passive income with Creative Fabrica on KDP:

First: Create books to sell on KDP

Use the creative resources on Creative Fabrica to create Low Content books, such as

Diaries, plans, records, prayer books, traces

Choose a book category and branch out into ideas to offer unique products.

Second: Search for interior designs for books on Creative Fabrica

Take advantage of the KDP Interiors category on Creative Fabrica to find professional interior designs. Achieve the rights to sell these designs as if they were your own creation.

Third: Setting up the book on Amazon KDP

Download designs with your $1 subscription. Upload the book to Amazon KDP and follow the terms and conditions. Make the book unique with an attractive cover and specific title.

Top tip: Research using keyword tools to ensure you choose an idea that has high demand and low competition. 

Also, learn how to design an attention-grabbing cover to stand out on the Amazon marketplace. You should be prepared to be very competitive in this aspect, but with good research and design excellence, you can succeed in generating passive income through this strategy.

How to turn Creative Fabrica into a passive income machine

Creative Fabrica is an online marketplace dedicated to creatives, artists, and designers. Creative Fabrica provides a wide range of creative resources and digital content, such as fonts, digital images, ready-made designs, digital graphics, templates, charts, and many other related files.

By subscribing to Creative Fabrica, users can access this comprehensive library of creative resources and use them in their artistic and creative projects. The marketplace also provides commercial licenses for the content, allowing users to legally leverage the resources in their commercial projects.

Second investment: Create Printables or digital files to sell on Etsy

Etsy is an online commerce platform that is home to handmade crafts, arts, and artistic products. Etsy was founded in 2005 and has quickly become a popular destination for creatives and crafters selling unique and artistic products.

One of the best opportunities for creatives to make passive income, it offers a marketplace of over 454.2 million monthly visitors dedicated to creative items and resources.

Like Amazon KDP, you can sell the interior designs you find on Creative Fabrica on Etsy, but this time as printables.

How to set up Printables on Etsy:
Use ChatGPT to get a low-content spinoff for your book or, in this case, printables. Focus on a spinoff with little competition, which has fewer than 1,500 search results on Etsy. Remember, you'll be selling printables, so you'll need to upload a PDF that buyers will get after purchase. What if you can't find an unsaturated sub?

Ask ChatGPT to suggest a spinoff in your chosen field. Then create your very own book/printables using ChatGPT's ideas.
 

Once you find a niche you like, let Creative Fabrica take care of the rest. Note that for a very specific niche like “Family Travel,” you can always:

Download the General category design from Creative Fabrica. Edit it on Canva to suit your specific needs.

Top tip: Richness lies in specialization, so let ChatGPT help you come up with great ideas for books/printables that you may not have in mind.