That’s pretty awesome because Amazon has pretty much everything under the sun. I started Afternerd.com to be a platform for educating aspiring programmers and computer scientists. Now… how do you make passive income from blogging? At this point in time, there are actually more positions for skillful programmers than there are people to fill those positions. That being said, you can’t withdraw until you are 59 1/2 years old (retirement age). Every single option below is a way to invest in the stock market; the only difference lies in how the money is taxed. Any interesting hobbies you may have could be great content for your Youtube channel (or even blog). First Method: Sell Digital Engineering Products, Documents or Templates Online, Second Method, Make Money Online Promoting Engineering Products as an Affiliate. You can monetize your blog in several ways: The first method is to simply put ads on your blog. One of the easiest ways to get started making a few bucks on the side is through freelancing on Fiverr. Don’t ever compromise this mutual trust for a few extra bucks. To clarify, these are by no means passive, especially when you begin. If you are new to this term, Affiliate Marketing is simply a marketing concept where you promote other people’s or companies’ products, and get commissions on every sale you make! My name is Karim Elghamrawy. Similar to Youtube, creating a course involves creating quality video content, both in your presentation and editing. Be sure to check out this article about How to Invest in a Roth IRA, which will take you step-by-step through how to invest with Fidelity. I personally think starting a youtube channel is much more effective than just starting a blog. It used to be the case that you would pay fees to online brokers whenever you buy or sell stocks but these days are long gone :). When you start creating content (Articles/Videos), you would be answering frequent questions that people use to look for answer (e.g. an activity you do (Yoga, Tai Chi, …etc.) That is a job in itself and you will not have the time or the energy to do that. Let’s face it, software engineers have pretty high salaries. But wait a minute, how can you make money from your programming blog? I’m glad that you are interested in the second method for making money online as an Engineer, as it doesn’t require you to create your own product or deal with customer support, …etc. My Golden Rule For Making Money Online: Anything that is difficult to find for free using Google Search is your opportunity to make money online! Skip to content. You choose what is comfortable for you. You can get started with as little as your phone camera, but oftentimes, Youtubers will upgrade to a higher-end point and shoot cameras such as the Canon G7x Mark II or a DSLR like the Canon EOS 80D. Building that trust between you and the reader will earn you much more in the long run. If you want to build your wealth, all indicators show that you have to invest your money. Maybe you want to experience the freedom of simply having enough money so that you never have to worry about finances or losing your job. how to measure humidity? What Kind Of Business Can Engineers Build Online? or they could Virtual Products such as: software programs (AutoCAD & Revit for example), others’ Training Courses, Ebooks, …etc. Now, after 12 year in the industry I get several job offers a week, and have been offered twice the pay i’m currently on (I turned them down as did not wish to relocate to London). I don’t agree that it means nothing. You are a programmer. You don’t have to go for the paid membership unless you want to. If this still seems confusing to you, then don’t worry, once you go through the FREE first level of the training (10 lessons) by clicking here, you will understand very well how this works. Again, whether engineers work online from home or in the physical locations, if they have their own business, then they can enjoy more freedom of time and location. I personally hired freelancers on Fiverr for various tasks especially when it comes to logo and graphic design. Having good prose also says a lot about you as a worker and a human being. Now even though this option gives you freedom of place, and some flexibility in the time, but it doesn’t give you total freedom as you have limits and sometimes, deadlines to stick to in order to deliver what you are requested to deliver. Check out the video here. For example: If they ask (How to measure Insulation Resistance for LV Cables? He had over three years of experience teaching CS to undergrads, over 5 years of experience doing research, and is currently working for a Fortune 100 company. There are always improvements going on in the engineering field, new softwares, devices and tools are being invented everyday that you can promote, lots of opportunities to make money. With that much demand, not only can you make money through programming but also you can make money teaching programming. I only briefly touch upon each topic just to give you a simple understanding of what it is and how you can earn money from it. I don’t know about you, but in Arizona Junior level positions regularly pay around $75k starting salary + full benefits. Having passive income sources will provide more freedom and more options in the direction we take our lives. It’s in your best interest to start early due to what people in the industry call compounding interest, where you earn interest on the interest you previously earned. And don’t worry, you don’t need technical experience in the online world. You can reply to that message and I will be answering you. Build a software product that the market needs or that helps other people solve their problems and you will be in good shape. The idea wouldn’t be to sell the product, but rather to create a static tool that can live on its own on a static webpage after you’ve created it. You write software. One important thing though is that you always need to be on top of all your investments, your 401ks, Roth IRAs, RSUs, and stocks that you invest in yourself. Now if you don’t have something in mind, or you want more flexibility, then let’s head to the second method, which allows you to make money with almost anything related to engineering, even if you don’t have your own products! Not everyone with the hobby “engineering” can come in and start doing affiliate marketing in this niche. Let’s say you earn $75,000 a year pre-tax from your full-time job. But you are doing it to remain in the rat race and keep trading your time for money. it’s not a technical thing as you will learn in the free training I will provide you with). Now in order to do these steps, you need some tools that you will use and some training on the tools themselves and on the whole process. If you contribute to your 401(k), you would be taking money from the $75,000 (before taxes) and placing it into this “account” that invests the money into the stock market. Platforms like Udemy make it super easy to create your courses and make money from them. 1 – First Method: Sell Digital Engineering Downloads/Documents/Products, 2 – Second Method: Do Affiliate Marketing as an Engineer. 3 – You need to start creating seo friendly content, like product reviews and recommendations. Which is not easy! For example, you can sign up with Amazon associates and start selling any amazon product on your blog. (For example: you might specialise in measurement, testing and commissioning tools, relays and CB’s, design software programs, …etc.). What you should do instead is focus on long-term investing. But I will explain here in 4 steps how this method works: 1 – Research and find a specific niche for your website. For many programmers, saving money is just good enough. You can also monetize with youtube ads, affiliate links, or selling your own products. Sure, my first job was $55K, but that’s still a pretty livable salary…. This next option is not employer-dependent and can be started on your own in the next five minutes, hence the name: Individual Retirement Account. For example, popular programming blogs/sites like coding horror, codewars, and others use carbon ads. I make 130k + full benefits. As long as you have an internet access and a laptop, you can work on your online business. This is why I found that there is almost no competition in this niche when it comes to affiliate marketing. If you contribute to your Roth IRA, you would be taking money from the $56,250 (after taxes) and placing it into this “account” that invests the money into the stock market. If you just started your programming career right out of college, you probably don’t know a lot about stock market investing. That being said, what you recommend reflects your credibility as a blogger, software engineer, and human being. …and taking home only $75,000 – $18750 = $56,250. These services can be in a wide variety of categories including programming, business, marketing, design, writing, translation, video, music, and much more. Coursera and Udemy are great examples of how to get started selling courses to earn passive income. Hello Florence and thank you for the comment! You may feel like everyone is ahead of you, but there is a younger version of you waiting for advice that you can give. This is what you do. Join me in this article to see how you can start an engineering business online, which is usually overlooked by engineers so that you stop working for others and start working for yourself. There’s nothing preventing you from applying the two methods at the same time, as I personally do. One idea for a side income could be to grab a piece of this pie and start your own e-commerce business. As software engineers, we’re generally introduced to this kind of investing when we get our first full-time job since compensation may come in the form of stocks. This one by Miguel Hernandez teaches you how he was able to make $90K selling his online courses. ), a skill you have (Singing, Drawing, Sewing, …etc.) And the same goes with the Yoga niche, Fashion, …etc. Be sure to keep reading up on all of these approaches. ), or you could be explaining, recommending or reviewing the products you promote (What is the best welding machine?, Fluke 117 Review, what software to use for Solar PV Simulation?) And same for many other marketplaces. He has been looking around affiliate marketing and online business for quite sometime now and I think this will be perfect for him. If your readers go to amazon through your referral link and buy anything from amazon, you get a commission. For example, you can sell books about programming and the software engineering career. This article gave me fresh idea on how I should get my engineer friends to start a blog. And you need to manage your company and the team for not a short period before you develop the right system and build the right team that you can trust and allow them to manage your business on your behalf. And it doesn’t have to be expensive, you can start your WordPress blog today for as little as the price of a cup of coffee. Even then, you need to put in hours every now and then. It’s your call. How are you going to find your target audience? 2 – You need a simple WordPress Website, even if it was a free one (no coding and no prior experience required at all), and maybe a YouTube Channel. But in my opinion, the Engineering niche is an excellent one for affiliate marketing, as I will explain in the next section. I am not an engineer but like others, I too want to quit my 9-5 job and start earning money online. Affiliate marketing is a great strategy to earn extra money on the side. I am an electrical engineer. Of course, you can! Be sure to write about things that interest you, or else you’ll burn out before you make a single dollar of passive income. However, that is not always enough. Which will make it easier for you to start making money as an affiliate marketer. But first, let’s answer an important question: When working online, like it is in the physical world, you have two options: The First Option: keep working for others doing regular or freelancing work, keep trading your time for money, and when you are sick or tired or you just don’t want to work for several days in row, you stop getting paid!