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: Design Workbooks

There are always going to be homeowners that prefer to take the DIY approach, whether that is for financial reasons or because they enjoy the challenge. While it may seem unlikely that they will reach out to purchase a service that an interior designer offers, there are other ways to help them with their project. Interior designers are catering to these types of homeowners by creating design workbooks. In this blog post, we will cover how to create a design workbook and how it benefits both the designer and the homeowner.

Define Your Design Process

Creating a clear, easy-to-follow workbook for how an interior designer starts and executes the design process is a great tool for the DIY-er. You can include customizable printables or downloads to boost the quality of your workbook. Include tips and tricks that you’ve learned through your interior design experience that someone who isn’t in the field wouldn’t know.

Optional: Choose a Niche

A general guide to start a DIY interior project is already an amazing tool, but you can take it one step further and create several workbooks for different niches. Here are some examples:

• A Minimalism Workbook

• A Guide For Creating A Feng Shui Bedroom

• Work From Home Workbook

• Picking a Paint Color Workbook

A great way to come up with different niches for your workbooks is by thinking of challenges you have had to tackle for clients and how you solved them for them.

Create Your Workbook

Creating a beautiful, clear workbook is key to marketing your product. Programs like Canva or Adobe Illustrator are a great place to start when creating workbook guides. This is also a task that can be outsourced to a VDA who has experience with these programs.

Get Ready to Sell

If you have an online shop on your website and you get a lot of traffic, this is a great place to store your workbook. You can also consider opening an Etsy or Shopify shop, especially if you want to sell multiple workbooks.

Market Your Workbook

Promote your workbook everywhere you can, whether that is on social media or on Facebook groups. If you have a newsletter be sure to mention that you have the workbook available for DIY-ers so that people who love your brand but prefer to do it themselves don’t miss out on your expert advice!

Go the Extra Mile

If you’re comfortable in front of the camera, or doing a voice-over video, creating a video on how to use your workbook is a great extra effort that could really make a difference to clients.

Although DIY-ers are not likely to purchase a service that you offer, they may still be following you on social media to get inspiration for their designs. Workbooks are a great way to bridge that gap between you and clients who want to do it themselves.

Happy Earning!

xx, Danae

Passive Income for Interior Designers: Online Shop

In this blog post, we'll explore how interior designers can leverage platforms like Etsy, Shopify, or their own websites to open an online shop and create a lucrative passive income stream.

Identify Your Niche

Define your niche within the interior design industry. Instead of trying to cater to every audience, it’s important to find who your clients are and what about you resonates with them. Successful online shop owner Sydney Brisco, from justahomeowner.com brilliantly says, “There is a lot of competition for almost every aspect of starting an online shop as an interior designer. You need to remember that your opinions, your voice, and your style will speak to a specific group of people and not be discouraged. Find what makes you and your style unique and don't be afraid to own it.”

Create Exceptional Products

Whether it's handy printables, fun artwork, or home decor accessories, the key is to create items that captivate your customers and reflect your design style. Keep your chosen niche and audience in mind as you create your products. You can start by brainstorming about pieces that clients have loved or how a handy spreadsheet could benefit a client trying to make design decisions on their own. Take inspiration from your own projects and experience.

Professional Presentation

In an online shop, visuals are everything. Invest time and effort into capturing high-quality product photographs or creating realistic mockups that showcase your creations at their best. Presenting your products in a professional and eye-catching way can make your products more appealing to potential buyers. And don't forget to write informative descriptions that are search engine optimized to make sure that shoppers can find your products!

Set Up Shop

You can use a platform like Etsy or Shopify to host your online shop or many website builders like Wix and WordPress will allow you to add a shop to your website, which may be beneficial if your website gets a lot of traffic. This is one of the biggest steps, as you can’t sell anything without a shop. Sydney wisely adds, “The biggest hurdle to opening a shop is waiting for everything to be perfect. Especially for interior designers (let's be honest, most of us are perfectionists) we don't feel right publishing something that isn't 100% done. But if you wait for perfection, you'll never open. And once you open your shop, your view on perfection will change anyway. Once your product is at 80% perfect, publish it so that you can start learning and honing your skills to make your shop better and develop your product better.”

Marketing Matters

Promote your shop wherever you can, especially on social media. From Sydney’s experience, “your marketing will really depend on your platform. If you are on Etsy or Pinterest, for example, your best bet is to market with the platform's ads. But if you are growing your shop on your own site, Google ads can be tremendous. Also, don't forget to look at social media. There are several Facebook groups for design and home improvement with varying levels of allowing ads. Always ask before submitting an ad because it's more likely to not only get accepted but boosted by the moderators of the group. You can also develop a following on Instagram if you are good at taking pictures of your process. And "how to" design videos on YouTube are a great opportunity for designers to grow their base and their following.”

Excellent Customer Service

Excellent customer service is what keeps customers coming back. By promptly responding to inquiries, addressing customer concerns, and processing orders efficiently, you will build customers’ trust and improve their shopping experience, making them more likely to recommend and return to your shop. Build trust and loyalty by going above and beyond to ensure your customers feel valued and cared for.

Remember, success in the online world requires dedication, consistent effort, and a focus on delivering exceptional products and customer experiences. By utilizing the power of branding, marketing, and phenomenal customer service you can successfully stand out online and create a thriving shop to generate passive income for your business.

Thank you to Sydney Brisco at www.justahomeowner.com for contributing to this blog post. You can check out her online shop here - https://www.etsy.com/shop/JustAHomeowner

xx, Danae

Passive Income for Interior Designers: Printable Art

Interior designers often have creative skills that go beyond their ability to design attractive spaces, including a passion for art and the talent to create their own unique pieces for clients. There are many designers who have created a stream of passive income by selling printable art on their website or on sites like Etsy. This is artwork that they created one time and can sell for years as a digital download, without any additional work.

As a designer, you have the advantage of controlling the selection of artwork for your clients, including choosing the design, size, matting, and framing, and can utilize this skill to create and sell your own artwork on your website. By creating your own artwork, you can not only showcase your artistic abilities but also provide one-of-a-kind pieces for your clients and create another stream of income for yourself. 

Creating digital download printable art is simple and can be done with a basic understanding of design software, such as Canva or Adobe Illustrator, and the ability to save the file in a high-resolution format. Once a designer creates the artwork and converts it into a digital download format, they can sell it repeatedly on their website, making it a great source of passive income. You can market your printable art through newsletters and on social media. If you feature your own art in your interior design projects, you can use your project photos to market your art shop.

If you're interested in selling printable art, there are several platforms you can use to get started, like Etsy, Shopify or even opening a shop on your own website. This is an excellent way to create a stream of passive income while also showcasing your artistic talents.

xx, Danae

Passive Income for Interior Designers: Product Licensing

Interior designers with a unique style and eye for product design can use their skills to create another stream of income through product licensing. Product licensing is a legal agreement where a person or company allows another person or company to use their product design, brand name, or intellectual property in exchange for payment, usually in the form of royalties. In this post, we will discuss how interior designers can start a passive income stream through product licensing.

Develop A Unique Design Style

Designers with a distinguishable style and a signature aesthetic do well with product licensing. Great examples of this are Sarah Sherman Samuel who currently has a line with Lulu and Georgia and Athena Calderone and her products with Zara Home. Both designers have distinctive styles that customers want to get their hands on.

Identify Marketable Design Elements

Once a designer has established their unique design style, they can identify marketable design elements that translate well into different types of products. For example, Justina Blakeney creates fun, colorful prints that translate great to textiles, and her Jungalow Collection at Target features bedding, shower curtains, and throw blankets that sell out.

Protect Intellectual Property

It's crucial that interior designers protect their intellectual property by obtaining proper copyrights, trademarks, or patents for their original designs. This will help prevent others from copying or reproducing their work without permission and ensure that they can monetize their designs through licensing agreements. It's very important to consult with legal and business professionals experienced in intellectual property and licensing for expert advice and guidance.

Research Potential Licensees

Interior designers should research potential manufacturers, retailers, and distributors who may be interested in using their designs for products. These can be licensees that specialize in home goods, textiles, furniture, lighting, or any type of interior design-related products.

Negotiate Licensing Agreements

Once the designer has found an interested licensee, interior designers should negotiate licensing agreements that outline the terms and conditions for using their designs. This can include details such as royalty rates, exclusivity, quality control, and more. A professional legal team can help with this.

Market and Promote Licensed Products

Once licensing agreements are confirmed, interior designers can market and promote their licensed products to generate sales and royalties. This can involve utilizing their brand and design recognition through social media, trade events, or collaborations with influencers.

By capitalizing on their unique design style and brand recognition and establishing licensing agreements, interior designers can create a passive income stream through product licensing. Consulting with legal and business professionals experienced in intellectual property and licensing is essential throughout this process. If you are a designer that has ever had dreams of creating your own line of home goods, textiles, or decor accessories, it is possible through product licensing.

xx, Danae

Passive Income for Interior Designers: Website Ads

If you're an interior designer looking for additional revenue streams, displaying ads on your website that are specifically tailored to your niche can be a profitable opportunity. In this post, we will explain how interior designers can monetize their websites by showcasing relevant ads, opening up the opportunity for a new stream of passive income. Here are the steps to take to create a revenue stream using website ads for interior designers:

1. Create a website or blog. The first step is to create a website or blog that showcases your interior design skills and attracts visitors interested in home decor. Additionally, you will want to build your audience by promoting your website on social media and creating an email list. It’s important that you create a blog or website that is authentic to you.

2. Choose an ad network. Choose an ad network that's relevant to your niche, such as AdSense for Home and Garden, Google AdSense, AdThrive, Mediavine or Houzz Ads. Which ad provider you choose may depend on how many visits your website receives each month. These networks will provide you with ads that are relevant to your audience.

3. Place ads on your website. Once you've signed up for an ad network, place the ads on your website. This can be done by adding the ad code to your website's header, sidebar, or footer. Try to choose ads that blend well with your brand so that they feel like a natural part of your website.

4. Drive traffic to your website. To increase your passive income from ads, you'll need to drive traffic to your website. You can do this by creating high-quality content, optimizing your website for search engines, and promoting your website on social media.

5. Monitor the performance of your ads. Keep track of how your ads are performing by using the analytics tools provided by your ad network. This will help you determine which ads are working well and which ones need to be tweaked.

6. Optimize your ads. To maximize your earnings, you can experiment with different ad formats, placements, and networks. This will help you find the best combination of ads for your audience and website. When you make updates to your website, you may need to make changes to your ads to keep a cohesive feel to your site.

Remember that building another stream of income from ads takes time, trial and error, and patience. However, by creating valuable content and optimizing your ads, you can turn your interior design website or blog into a profitable source of passive income.

xx, Danae

Passive Income for Interior Designers: Digital Downloads (Part 2)

If you’re hesitant to start creating digital downloads that require writing like eBooks and how-to guides, there’s good news - you can turn design work that you’re already doing into digital downloads. 

Mood Boards 

Mood boards are a great idea for interior designers to create passive income because they can help attract clients and showcase their design skills. There’s the added bonus of being able to include affiliate links which allow designers to get a commission if a customer buys one of their product recommendations. Here are some reasons why mood boards are a great passive income option for interior designers:

1. Attract new clients: Mood boards can serve as a visual representation of a designer's style. By creating original, captivating, and well-curated mood boards, designers can attract potential clients who are looking for a specific style or aesthetic for their space. This is a perfect option for designers who have a sought-after style.

2. Showcase design skills: Mood boards allow designers to showcase their design skills and creativity, which can help them stand out in a competitive market. By creating beautiful and unique mood boards, designers can demonstrate their ability to transform a space and create a cohesive design concept.

Floor Plans

Interior designers can also sell floor plans to generate another stream of income. Here are some reasons why selling floor plans can be a great source of passive income:

1. Attract a wider audience: While some clients may prefer to work directly with a designer, selling floor plans can attract a wider audience of individuals who may not have the budget or desire to hire a designer for a full project. By creating and selling floor plans online, designers can reach a wider audience and generate income from individuals who are interested in going with their own design ideas.

2. Showcase expertise in a specific niche: Designers can specialize in a specific type of space, such as kitchens and bathrooms or studio apartments, and create floor plans that cater to that specific niche. By doing so, designers can demonstrate their expertise in that area and draw in clients who are specifically looking for that type of design.

Create Your Own or Hire a VDA

As a designer you may already have your own mood board templates prepared that you could easily convert into a digital download for customers. If not, this is a task that could be delegated to a design assistant that is proficient in Canva, Adobe Illustrator, or Photoshop. 

Creating a passive income stream can supplement a designer's income from client work. By creating and selling digital products, designers can earn ongoing income without the need for ongoing client work or project management. This can be especially valuable during slower periods or when taking time off for personal reasons. Creating digital downloads requires work upfront but pays off over the long term.

xx, Danae

Passive Income for Interior Designers: Course Creation

Interior designers have a wealth of knowledge and expertise that can be shared with others. One way to do this while also generating passive income is by creating online courses. By creating courses, designers can reach a wider audience and establish themselves as an authority in the field of interior design. Plus, courses provide a great opportunity to earn money while helping others learn valuable skills. In this blog post, we'll explore the benefits of creating courses for an interior designer. 

Generate Passive Income 

After selecting a platform that supports the creation and distribution of courses such as YouTube, Skillshare or Teachable, designers can upload their videos to these sites and earn a commission for views or minutes watched of their course. If the designer has created a comprehensive learning experience that includes video lectures and thorough course materials there’s no doubt the designer will earn royalties throughout the month. 

Establish Authority in the Field of Interior Design 

Interior designers can use courses to show their skills and knowledge of the industry. This can help them gain a following and build credibility. Whether the designer chooses to create their course for homeowners or aspiring interior designers, it’s a perfect way to showcase their expertise. 

Reach a Wider Audience 

Courses allow interior designers to reach a global audience, meaning that anyone with an internet connection can access their course. Additionally, many people are unable to attend in person classes due to work or family commitments, making online courses an appealing option for those who want to learn on their own schedule. By offering courses that can be taken at any time, interior designers can appeal to a broader audience who might not have been able to participate otherwise. 

Expand Business Opportunities

Creating courses can also lead to new business opportunities. Interior designers who create courses can attract new clients who are interested in their services, and they can also offer additional services such as one-on-one coaching or consulting.

Tips for Creating a Course 

1. Decide on your target audience. Decide on who you want to teach, what their skill level is, and what they want to learn. This will help you create a course that meets their needs. 

2. Create a course outline. Your outline should include key concepts, learning objectives, and course materials such as videos, presentation slides, activities, and quizzes. 

3. Choose a platform. There are many platforms available to upload your course to, with different pros and cons. The key is to find one that fits your budget and technical skills. Skillshare, Udemy, and Coursera are popular course sites and people also use YouTube. 

4. Create exceptional content. You want your course to stand out and you can do this by creating high-quality content like videos, worksheets, quizzes and showing real-life scenarios to engage and educate your students. 

5. Market your course. It’s important to get your audience excited about your course. You can do this by promoting your course on social media, in Facebook groups, on LinkedIn, and contributing to a publication or podcast where you can mention your new course.  

In conclusion, creating courses is an excellent way for interior designers to share their expertise and create another stream of income. Whether you're just starting out or are an experienced interior designer, creating courses is a great way to share your knowledge and expand your business.

xx, Danae 

Passive Income for Interior Designers: Affiliate Marketing

Interior designers with a strong online presence or who have a very specific niche are very well-suited for using affiliate marketing to create a stream of passive income. Affiliate marketing works by a company providing a commission to a designer who has successfully promoted their product. A simple way to use affiliate marketing is through shoppable mood boards or creating a shop with affiliate links on your website.

How Interior Designers Can Get Started with Affiliate Marketing

1. Identify products that you are using in your projects or recommending regularly to clients.

2. Research affiliate marketing programs offered by those brands and companies. Many companies offer a way to earn a commission if a client purchases a product from your recommendation.

3. Apply to be an affiliate marketer. Once approved, the designer can begin to promote their favorite products on social media, through blog posts or newsletters, or by creating shoppable mood boards.

4. When someone purchases through the designer’s affiliate link, the interior designer earns a commission.

By using affiliate marketing, interior designers can earn passive income without having to actively sell their favorite products. However, it's strongly advised to disclose affiliate links and be transparent about any financial incentives involved to maintain trust with your audience and clients.

Benefits of Using Affiliate Marketing to Create Passive Income

It’s low-risk: Getting started with affiliate marketing doesn’t require much upfront investment as joining an affiliate marketing program is usually free and promoting the items can be done on social media or a designer’s website.

It’s hassle-free: The designer is not responsible for any shipping responsibilities or keeping inventory.

It’s a way to gain exposure to new brands and products: By partnering with reputable companies, interior designers can be the first to know of new products.

It helps create additional income streams: Affiliate marketing allows designers to create passive income while still focusing on their main services.

Tips for Successful Affiliate Marketing

Choose relevant products that align with the designer’s brand and their target audience: For example, an interior designer who focuses on sustainable design would benefit from promoting products from brands that are eco-friendly. Well-received promotions will result in higher conversion rates.

Create high-quality content to promote products in a natural way: A carefully-curated shoppable mood board that compliments the designer’s brand can be promoted on social media or blog posts to show clients what products they are loving at the moment.

Be transparent about affiliate links: This can be done by mentioning that a link is an affiliate link or by using hashtags like #ad or #affiliate when posting on social media.

Where to Get Started

There are many sites for interior designers to get started as an affiliate marketer. You may have heard of some, such as Side Door and RewardStyle. Or you may not know that sites you’re already using, like Wayfair and Amazon, have affiliate programs. The most important aspect is finding a company that aligns with your brand and target audience.

In short, any interior designer who is interested in creating additional income streams and has an online platform and audience can potentially benefit from affiliate marketing.

xx, Danae

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