Earn More by Working Less with Passive Investing in Private Lending

It’s time to start converting your income to PASSIVE INCOME with Double-Digit Returns!

In a world where time is the most valuable asset I think it’s time we start taking some of that time back! Those of us that have been very fortunate to be successful in our businesses know that it typically comes with a price and that price is time. In our current climate, we’ve found ourselves busier than ever and often wonder how much longer we can continue at this pace. I’ve spent the last several years listening to my clients and listening to myself and so NOW I am starting an initiative to educate women on how we can start taking back some of our time.

With my background in real estate, the financial industry, and interior design it made complete sense to me that passively investing in real estate would be something that I could educate others on. After a few years of research and constantly finding real estate gurus talking about creating passive income by purchasing short-term rentals and other real estate I realized I did not want to become a landlord. I wanted to find a way where my money could work hard for me, where I didn’t have to do any of the work. That is where I discovered private lending in real estate.

Private lending is where you lend funds to another real estate investor who is purchasing deals for fix and flips, multi-family, buy and holds, short-term rentals, etc. You provide the capital, and they do all the work. We focus on shorter-term deals around 6 to 12-month deals with double-digit returns, but we do get larger-scale deals that are just too good to pass up as well. Our clients get to sit back, relax and invest in real estate that is protected, insured, and secured.

My mission is to help people take control of their finances and their lives. You’ve worked hard, you deserve to be able to find a way to make your money work hard for you and I’ve got the tools to help you!

Not only am I educating people on private money lending, we now have investment opportunities and I have access to a lot of opportunities based on your goals.

If you want to learn more about our opportunities, please sign up for our newsletter at  Passive Investing — Elite Design Assistants. Also, please feel free to reply to this email with any questions.

Let’s make more money by working less! Are you in?

xx, Danae

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DIGITAL TEMPLATES?

We love helping busy interior designers like you! So, in an effort to provide the best resources possible, WE WANT TO HEAR FROM YOU about what templates you’d like to see from us. Browse our current collection of templates here for any you might need or want, and email us at danae@elitedesignassistants.com to let us know what other templates you’d like us to make and have available for instant download! 

Passive Income for Interior Designers: YouTube

A perfect passive income option for designers who also enjoy public speaking and have confidence in front of a camera is creating a YouTube channel. The amount of ideas for interior design video content is endless and it could be a fun way to create another stream of income.

YouTube Video Ideas 

1. Decorating Tips + Tricks: Viewers would love to see how designers decorate different spaces around their home, such as a bookshelf, a reading corner, or the fireplace mantel. Interior designers can also show how they create cohesive color schemes and choose different patterns that work together. If you have a niche aesthetic, this could be a great way to show viewers how to pick different design items and why.

2. Behind-The-Scenes Look: Taking viewers behind the scenes of a project, from showing how to create a mood board to creating renders for the project and the big final reveal is a great idea for a YouTube video or even a series of videos. Showing the professional process is really interesting for viewers and potential clients. Designers can showcase how they keep their client’s interests and desires in mind while bringing their vision to life. 

3. Q & A Video: If you are getting direct messages on social media, a perfect way to answer those questions is through a YouTube video. Questions could vary from being about the design process, how-to questions, or even just about your professional background. This is a personable way to let viewers and potential clients get to know you. 

4. Design Challenges: Choosing to tackle a realistic design challenge like creating a furniture plan for a studio apartment or decorating a space with a limited budget is a fun way for designers to get creative and showcase how they take on challenging projects. Even more, it’s inspiring for people watching who may be facing those challenges themselves. 

 How To Use YouTube to Create Passive Income 

To get started on YouTube, interior designers should create a YouTube channel where they can create content dedicated to interior design. YouTube provides a monetization feature that allows content creators to earn money through advertising revenue. To be eligible for monetization, a channel must have at least 1,000 subscribers and 4,000 watch hours in the past 12 months. Paired with additional affiliate marketing and sponsored products, this could create a substantial additional revenue stream. 

A key tip for anyone getting started with YouTube is to stay consistent. An audience doesn’t grow exponentially overnight. It’s about consistently creating quality content and truly enjoying the process. A major perk of YouTube is letting people get to know the real you, the face behind the brand, and why you’re passionate about interior design. 

xx, Danae

Passive Income For Interior Designers: Digital Downloads (Part 1)

Do you have any tasks that you feel like you’re doing over and over and that you’d like to streamline? Well this task could create a great opportunity for passive income which would create another stream of income for your business.

With passive income, you do work upfront (in this case, it may even be work you are already doing), and earn over time with minimal maintenance. This can provide you with greater financial stability and freedom, as well as the potential to increase your overall income and build wealth over time. A great option for designers to create passive income is through digital downloads. There are many different types of digital downloads you can create easily once and then sell for years.

Here are some ideas for digital downloads:

How-To Guides & Templates

Maybe you feel like you’re constantly getting asked the same questions about paint colors, accent walls, or art ideas.  Moreover, this is a topic that you could explain in your sleep. A great option to convert this into passive income would be to create a how-to guide or template for clients to download from your website – a win win for you and the buyer as they get your professional design expertise and you get paid for it without doing repetitive work. Another great benefit of guides like these is that you can create more than one! 

A simple way to get started with this is to write down common client questions that you feel you’re answering repeatedly or are getting asked on social media. If you have a niche that you are known for you could create a “Getting Start Guide” for clients who are curious about working with you. An even simpler version would be to produce a template with images and graphics on your topic, like how to create the perfect accent wall for example. Selling guides and templates with simple graphics that showcase your expertise is a perfect way to get started with digital downloads.

eBooks

eBooks are another great way to make passive income with your design expertise for clients who like more DIY type projects. An in depth book that could help customers with a bathroom refresh, picking paint colors, decorating for a rental, or how to Feng Shui their space are examples of successful ebooks on the market. Similar to a how-to guide, they get a lot of expert design knowledge and you don't have to do anything but the initial set up.

Where to Sell Digital Downloads

With strong marketing your digital downloads could bring in quite a bit of revenue. There are many places you can post your downloads to be purchased, the first one being your own website. As clients are already browsing your services, having a shop on your site with digital downloads that answer their design questions could be a quick way for you to make some passive income. You could also create an Etsy or Shopify account to sell your products. That way whenever you receive a DM asking a simple design question, you can let the inquirer know that you have created an entire guide that answers all of their questions.

Passive income can take some effort and investment to set up initially, but once you have established your sources of passive income, they can continue to generate income for you over the long term with minimal ongoing effort required.

Let us know if we can help! We’ve got VDA’s on the team that love helping designers create passive income streams. More in this series to come!

 xx, Danae