Intro
You might be sitting on some profitable resources. People frequently strive to learn new things, collecting information and carefully organizing it. Others invest in high-speed internet connections to guarantee smooth connectivity.
Besides these relatively well-known examples, digital assets also include data in general, attention, your digital creations, and even your current online shopping sprees. So, let’s unravel how each of these assets can start generating some income for you.
Investing spare money
Letting your money sit idly in your bank account is not the most optimized approach. Thanks to inflation, your current sum will no longer have the same purchasing power. To cover some of the damage, you can place your funds into savings or high-yield savings accounts. The latter offers higher interest rates and is ideal if you do not plan to use the money for more than a year.
Investing in stocks or cryptocurrency is not guaranteed to succeed. So, it should be considered with caution, especially if you don’t plan to keep track of your investments. Yet if you want a more laid-back investing option, even your bank can offer small, automatic investments. For example, after each purchase, the bank could collect the spare change and round it up to the nearest whole number. Then, it is automatically transferred to your investment portfolio.
Paying for your attention and time
Companies constantly compete with their rivals, and getting ahead usually means recognizing and adapting to consumers’ needs. That’s why businesses are willing to pay people for their opinions and time (since getting them from current users can be tricky).
By joining various market research or reward platforms, you can use your regular time scrolling to earn some money. The payable activities typically include answering surveys, testing apps, watching and evaluating ads, giving opinions, or even transcribing content. Thus, in this case, you are paying for the time you spend online.
Learning material
Years of studying or honing your skills put you in a favorable position. For one, you can sell your notes and research, especially if it is from a demanding market. Another option is to use these digital assets to create a unique online course or learning guide.
Udemy is one of the top platforms for sharing your course material, and learning books can be a stepping stone to launching a digital career (such as establishing yourself in the blogging or social media community).
Earning passive income
Your digital assets can work for you even while you sleep. One example is turning unused resources like spare bandwidth or online activity into a source of passive income. By leveraging apps and services designed for this purpose, you can earn money without actively doing much. Services like Honeygain allow you to share unused internet bandwidth and generate a small, steady income, all while maintaining full control over when and how it’s shared. This way, your everyday digital life contributes to extra earnings with minimal effort.
Photography and digital illustrations
Honing your skills as a photographer or a graphic artist typically means working on many projects and taking thousands of photos. Don’t let these creations go to waste! Consider uploading them to digital marketplaces and earn a commission for each sale. Pexels or Unsplash are popular places to share your content. However, always check which platform offers the best conditions for you.
Owning a blog or a social media channel
Even if your viewer or follower count is humble, you can monetize these ventures besides traditional ads. Affiliate marketing is likely the most promising, with many people including it in their blogs or social media channels.
In this case, you also earn a commission, but it comes from promoting specific products. Luckily, you can choose the companies/brands you partner with. Thus, if your YouTube channel is about healthy living, you can promote high-quality supplements, workout gear, or durable accessories.
Earn money back from shopping
A variety of services pay consumers for shopping at particular stores or purchasing promoted items. Each of your online shopping sprees could end with you receiving some of it back.
Protect your digital identity
When monetizing your digital assets, security is key. Identity theft can turn your online earnings and personal data into a nightmare. Using the best identity theft protection services can safeguard your accounts, alert you to suspicious activity, and even help recover lost funds in the worst-case scenario.
Conclusion
Digital assets can mean a variety of things: from neatly organized templates to your internet connectivity. Thanks to various opportunities, each can bring you additional income. So, consider taking advantage of your learning material, internet plan, digital creations, and current digital presence, and put your money to work through investments.
