29 Passive Income Ideas for Dentists [2024]
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I know you’re busy. I’m busy too. So, what’s the best way to make money as a dentist without actually doing anything? Passive income!
But don’t be mistaken. You have to work hard to achieve this passive income.
In this blog post, I will share some ideas for how Dentists can make passive income. Stay tuned for tips on how to get started!
1. Start an ecommerce store
Creating an ecommerce store that sells dental products, such as toothbrushes, toothpaste, and floss, is a great way for dentists to generate passive income. By partnering with a supplier, dentists can set up an online store and receive a percentage of the sales.
An eCommerce business is a company that sells products or services online. Ecommerce businesses have many advantages over brick-and-mortar businesses, including lower overhead costs, increased flexibility and reach, and the ability to reach a wider audience.
eCommerce is booming right now because of the convenience and efficiency it offers consumers. Consumers can buy products from their favorite brands on a platform that makes the whole process easier than ever. They don't have to leave their homes or go out in public, they can just sit down at their computer, tablet or smartphone and browse through all of the options available to them.
To start an ecommerce business, you'll need to set up a website where customers can browse your inventory and purchase items, as well as payment processing software that allows you to accept credit card payments. You'll also need to choose a shopping cart software and manage inventory tracking software.
How much you can make: $450 — $62,500,000/month
How long does it take to build: 120 days (?)
Time commitment per week: Min. 5 hours/week
Southern Elegance Candle Company, founded by D'Shawn Russell, started as a side hustle making around $200 per weekend at a local Farmers Market, but now averages approximately $20,000 per month in sales across their retail site, wholesale site, and Faire.
2. Start a CPG company
Dentists can create their own line of oral care products and turn it into a CPG company. By creating products such as toothpaste, mouthwash, and teeth whitening solutions, dentists can generate passive income while promoting their own brand.
A CPG (Consumer Packaged Goods) company is a company that sells packaged items that are purchased by consumers for daily use. These products are usually sold in retail stores, but they can also be sold online or in other ways.
CPG companies make products that are generally easy to use and accessible to any consumer. These include household items such as cleaning supplies and toothpaste as well as food and beverages like juice or beer.
Starting a CPG business requires finding an idea for a product, researching the market to determine if there is room for your product in the marketplace, getting a manufacturer or distributor to produce and distribute the product, and coming up with enough capital to get started.
How much you can make: $150 — $11,000,000/month
American men's grooming company Beardbrand has grown from a $30 investment to seven figures and bootstrapped its expansion, thanks to a focus on content creation that allows the firm to control its audience and own its email database. The company originated after founder Eric Bandholz attended a beard enthusiasts' gathering and coined the term "urban beardsman" to describe traditional men who "didn't fit the typical stereotypes," and has benefited from coverage including a New York Times piece and TV appearance on Shark Tank.
3. Start a marketing agency
Starting a marketing agency that specializes in dental services can be a great way for dentists to generate passive income. Dentists can offer marketing services such as SEO, PPC, and social media management to other dental practices.
Marketing agencies can be a great option for businesses looking to advertise in different ways. For businesses, hiring a marketing company can help them achieve success as they don't have to spend money on employees or needed equipment. Marketing agencies are not inexpensive and there are many different variables that come into play when deciding which one is the best fit for your business.
You want to start a marketing agency, but don't know where to begin. You're not alone, there are thousands of entrepreneurs across the globe that have the same ambition. Luckily for you, compiled a list of how other agencies were able to grow their agency and scale effectively.
How much you can make: $1,300 — $465,583,333/month
How much does it cost to start: $1,000 (?)
How long does it take to build: 36 days (?)
A successful podcast production company that grew from one client making $15/hour to a team of 10 contractors producing over 30 shows per week with revenue of over $10k/mo, primarily through referrals and with a focus on providing high personal touch and being picky about working only with clients who are a good fit.
4. Create an online course
Dentists can create an online course that teaches people how to take care of their teeth and gums. By selling the course online, dentists can generate passive income while helping people improve their oral health.
An online course business involves creating and selling digital classes teaching specialized skills or knowledge to subscribed students.
As an entrepreneurial course creator, you identify educational gaps around topics you have expertise in and develop engaging video lessons and supplementary materials.
With flexibility around self-paced or cohort-based structures, building a student base provides passive income potential.
For founders who enjoy information-sharing, launching an online course platform presents a lucrative way to monetize your instructional talents with small startup costs by serving eager lifelong learners seeking convenient access to emerging subjects.
How much you can make: $350 — $3,735,000/month
How much does it cost to start: $1,850 (?)
How long does it take to build: 90 days (?)
Learn how one couple created a successful personal finance blog, The Savvy Couple, that now makes over $20,000 per month and has sold thousands of digital workbooks and courses, by focusing on purposeful content and optimizing their ROI with efficient time management.
5. Start an etsy shop
Dentists can create an Etsy shop and sell dental-related products such as toothbrush holders and floss dispensers. By offering unique and practical products, dentists can generate passive income while tapping into the handmade and vintage marketplace.
Etsy has been around for over a decade, and the platform has become more popular for creators, entrepreneurs, and consumers.
The platform started as a place for crafters to sell their supplies and handmade goods. Now it has become a venue for artists and small businesses of all kinds to sell their products.
If you just started your shop or want to sell your products on Etsy, there are many different ways to kill on the platform. With the tips and advice of Etsy sellers who’ve been in your position, you’ll soon be successful!
How much you can make: $100 — $750,000/month
How much does it cost to start: $1,000 (?)
How long does it take to build: 30 days (?)
Chasing Planner Peace is a planner company that has expanded from selling planner inserts on Etsy, to offering a one-stop shop customizable planner experience with over 300 inserts, a planner line, and various other related products, gaining a monthly revenue of around $25,000 at its busiest time of year.
6. Start a blog
Starting a dental blog can be a great way for dentists to generate passive income. By writing about oral health and dental care, dentists can monetize their blog through advertising, affiliate marketing, and sponsored content.
In recent years, blogging has become a highly sought-after & lucrative Business. This location-independent business is a creative outlet to reach a broader audience and even work at any time. According to Optinmonster’s list of blogging statistics and facts:
- Blogs have been rated as the 5th most trustworthy source of gathering online information.
- 77% of internet users read blogs.
- Each month, approximately 409 million people view more than 20 billion pages.
Originally blogging started as an online journal, but today it is a highly profitable career option. Many people are choosing blogging as their full-time career and are earning their bread and butter from this profession.
If you want to start blogging as a side hustle or as a full-time profession, choose a niche you will enjoy writing about and have a content strategy ready. Then, create a mailing list, and decide on a good blog posting routine to keep your audience engaged.
How much you can make: $200 — $160,000/month
How much does it cost to start: $500 (?)
How long does it take to build: 37 days (?)
Time commitment per week: Min. 5 hours/week
Learn how one couple created a successful personal finance blog, The Savvy Couple, that now makes over $20,000 per month and has sold thousands of digital workbooks and courses, by focusing on purposeful content and optimizing their ROI with efficient time management.
7. Start a facebook group
Creating a Facebook group that focuses on a specific dental topic, such as orthodontics or oral surgery, can be a great way for dentists to generate passive income. By growing a large and engaged group, dentists can monetize their group through affiliate marketing and sponsored content.
Facebook is one of the oldest and largest social networking sites out there. Facebook offers its users a Group feature where one can join a community of people with similar interests. As per statistics, around 1.8 billion people use Facebook Groups each month.
Groups allow the members to have organic discussions, post content, and share their valuable experiences & knowledge with each other. The shared knowledge helped startups, business owners, freelancers, and professionals with their social media growth, lead generation, and customer acquisition.
How much you can make: $1,000 — $600,000/month
How much does it cost to start: $1,000 (?)
How long does it take to build: 272 days (?)
Southern Elegance Candle Company, founded by D'Shawn Russell, started as a side hustle making around $200 per weekend at a local Farmers Market, but now averages approximately $20,000 per month in sales across their retail site, wholesale site, and Faire.
8. Start a productized service
Creating a productized service that offers a specific dental service, such as teeth whitening or cavity fillings, can be a great way for dentists to generate passive income. By offering a standardized and streamlined service, dentists can generate passive income without having to perform the service themselves.
Productized services are created when a larger service is broken down into smaller services that can be sold separately.
This makes it easier to sell the same service to multiple clients and creates an easily-marketable product. For example, a marketing agency that usually charges by the hour, instead, charges a flat monthly fee.
This business strategy works well in B2B markets, as you can sell the same value proposition to multiple clients, and give them a great return on investment.
The reason why you should start a productized service business is simple: making recurring revenue from your expertise can be very useful if you want to build a business based on passive income.
How much you can make: $200 — $1,250,000/month
How much does it cost to start: $1,750 (?)
How long does it take to build: 90 days (?)
EasySongLicensing.com grew from a mobile recording business to a bootstrapped music licensing agent, with a user base of over 60,000 clients and a gross profit of $2.5M in 2018, seeing a 30% increase in 2019, through investment in online marketing, customer service, and forming new partnerships.
9. Start a skin care product line
Dentists can create a skin care product line that focuses on oral health, such as lip balms and scrubs. By leveraging their expertise in dental care, dentists can create a unique and effective product line and generate passive income through sales.
The skincare business is a multi-billion dollar one, and it shows no sign of slowing down. New anti-aging products are entering the market at a nearly exponential rate, and the competition for consumers' money is growing more and more.
The industry was valued at 130 billion USD in 2021 and will expand at an annual growth rate of 4.6% up to 2030. This is surely a type of business that you should not miss. You'll need to build your creativity on your products and make sure that it is all safe and useful in improving the skin of your customers.
How much you can make: $300 — $1,000,000/month
How long does it take to build: 165 days (?)
Two moms start a side hustle selling all-natural body products, doubling sales since their launch in 2017 with over 75 craft shows, promoting a non-profit source for their shea butter and self-promotion through podcasts, lining up retail interest from exposure.
10. Start an affiliate marketing business
Dentists can create an affiliate marketing business that promotes dental-related products and services. By building an audience and promoting high-quality products, dentists can generate passive income through affiliate commissions.
Are you looking for a side hustle to pay you a passive income? Affiliate marketing is one of those side hustles that will pay you well over the long term. It is a way to earn money online by promoting other companies' products and services. You will be paid a commission for each sale you make as an affiliate marketer.
To get started, learn how to find the right product and brand to partner with. For example, you may prefer becoming an affiliate marketer for an eCommerce store, partnering with a manufacturer, and marketing their products for a commission.
How much you can make: $500 — $773,000/month
How much does it cost to start: $500 (?)
How long does it take to build: 55 days (?)
This case study explores how Spencer Mecham founded Buildapreneur, an affiliate marketing business, and has made over half a million dollars in profit with no employees, relying solely on content marketing through platforms like Facebook, YouTube, and TikTok.
11. Start a beauty business
Dentists can create a beauty business that focuses on oral care and dental health, such as tooth whitening products and lip care. By offering a unique and effective product line, dentists can generate passive income through sales.
The beauty industry is growing at a rapid pace - valued at $511B in 2021, with an annual compounded growth rate of 4.75% worldwide. The beauty industry is predicted to exceed $716B by 2025.
If you are thinking of starting your own beauty business, there are many opportunities in this space to succeed. The most profitable branches in this industry include makeup, skincare, and hair products.
How much you can make: $1,500 — $40,480,000/month
How long does it take to build: 165 days (?)
Private Label Extensions is a hair distribution and technology company that builds hair brands from A to Z for entrepreneurs, achieving over $650,000 in monthly sales and ranked #278 of the fastest-growing companies by Inc Magazine for 2018.
12. Start a copywriting business
Dentists can start a copywriting business that focuses on dental services. By offering services such as website copy and ad copy, dentists can help other dental practices improve their marketing and generate passive income through project fees.
A copywriter creates clear, compelling copy to sell products and/or educate and engage consumers.
To become a copywriter, focus on covering the basics, plan your copywriting business and choose the services you intend to offer.
To develop your brand, establish a marketing strategy, and offer quality services to your audience. Email marketing, newsletters, and other digital marketing tools can help you create a successful copywriting business.
How much you can make: $700 — $160,000/month
How much does it cost to start: $500 (?)
How long does it take to build: 41 days (?)
How David Tile turned a freelance writing gig into an $80k/month business, discussing lessons learned through managing growing demands and maintaining a remote team operation.
13. Start a life coaching business
Dentists can start a life coaching business that focuses on dental health and wellness. By helping people improve their oral health and live a healthier lifestyle, dentists can generate passive income through coaching sessions and online courses.
Life coach helps people in various areas of their lives using a combination of emotional intelligence, professional knowledge, and experience.
Life coaching is a popular industry worth over $2.85 billion, and the number of life coaches has increased by 33% between 2015-2019.
This is a very profitable business and can be started at virtually no cost. You’ll need a computer, a high-speed Internet connection, and a LinkedIn account to start. Then, you can begin coaching part-time in your spare time until you build up your clientele.
How much you can make: $100 — $660,000/month
How much does it cost to start: $750 (?)
How long does it take to build: 90 days (?)
Time commitment per week: Min. 5 hours/week
GrowthMentor, a platform connecting vetted growth mentors for one-on-one calls, founded by Fotis Panagiotakopoulos, has had over 2,500 mentorship calls booked to date and has seen success in using word of mouth, content marketing, and leveraging other people's networks as the primary drivers of customer acquisition.
14. Start a newsletter
Starting a dental newsletter can be a great way for dentists to generate passive income. By providing valuable and informative content, dentists can monetize their newsletter through advertising and sponsored content.
Did you know that in the past five years, there has been more than a 50% increase in the number of people who read newsletters?
Newsletters are one of the few things you can use to market yourself as a trusted expert. A well-written newsletter can educate your subscribers and build connections with them.
Email newsletters are a great way to connect with customers and potential customers. It’s a newsletter’s job to inform, persuade, and sell to your audience.
How much you can make: $100 — $3,000,000/month
How much does it cost to start: $400 (?)
How long does it take to build: 22 days (?)
Financial media company MarketBeat, founded by Matt Paulson, provides objective financial information and real-time market data to empower individual stock investors to make better trading decisions, generating approximately $8 million in revenue in 2019 and ending the year with over 1.3 million unique email subscribers due to a freemium model with 75% of revenue from advertising and 25% from subscriptions.
15. Start a YouTube channel
Creating a dental-focused Youtube channel can be a great way for dentists to generate passive income. By creating informative and engaging video content, dentists can monetize their channel through advertising and sponsored content.
How much you can make: $13,000/month
This case study follows the journey of a young entrepreneur from Nigeria who started a profitable blog generating a monthly revenue of $1,500+ through sales of advertising space, sponsored posts, and information products, and shares his strategies for success including a Twitter growth challenge and guest post pitches.
16. Start a food startup
Dentists can start a food startup that focuses on dental-friendly foods, such as sugar-free snacks and smoothies. By offering a unique and healthy product, dentists can generate passive income through sales and subscriptions.
Starting a food business can involve opening your own restaurant, bakery, food truck, cake shop, or even starting a business or blog online.
Other kinds of food businesses include manufacturers, wholesalers, and retailers. Food businesses prepare a wide range of foods such as snacks, sweets, and meals to sell directly to consumers and also include cafeterias at workplaces and similar facilities.
If you have a passion for food, starting a food business can be an extremely fun, challenging, and rewarding business venture.
How much you can make: $2,000 — $61,650,000/month
How long does it take to build: 150 days (?)
Trini Pepper Sauce co-founder and co-owner, Mustafa Mannan, shares how he successfully imported and manufactured his family's unique pepper sauce recipe and launched it through a Kickstarter campaign, now selling an average of $3,000/month in revenue.
17. Start a jewelry making business
Dentists can start a jewelry making business that focuses on dental-inspired designs, such as tooth-shaped pendants and braces-inspired bangles. By offering a unique and creative product line, dentists can generate passive income through sales.
The global jewelry market size was valued at $278B in 2018 and is expected to reach $292B by 2025.
The industry comprises manufacturers, wholesalers, retailers, and jewelry designers. Unlike many other industries that have gone through leaps in technology, the jewelry industry has remained untouched for over 40 years.
If you know how to make jewelry, then this might be a great way to make some extra money.
How much you can make: $1,000 — $2,000,000/month
How much does it cost to start: $3,500 (?)
How long does it take to build: 120 days (?)
A primary school teacher found his passion for jewelry-making, turning it into a successful business generating $2500-3000 per month through sales at the Creative Queenstown Arts and Crafts Market, online, and through stockists, with plans to expand and eventually make it his full-time profession.
18. Build an iPhone app
Dentists can create an iPhone app that helps people improve their oral health, such as a tooth brushing timer or a flossing reminder. By offering a unique and helpful app, dentists can generate passive income through app sales and in-app purchases.
The iPhone is the most popular mobile device in the world. It has changed how we interact with information, entertainment, and communication.
The iPhone has also changed the way we interact with each other. Since its release in 2007, it has become a staple in most people’s lives. It is more than just a phone; it is a tool for staying connected to friends and family and creating new connections.
The iPhone app market is an ever-changing landscape of innovation: it’s not just about making something that works well; it’s about creating something that stands out from the crowd.
It would help if you had something that appeals to your audience to succeed in this market. This can be as simple as ensuring your app has a catchy name or as complex as developing an entire brand identity around your app’s functionality.
How much you can make: $150 — $2,000,000/month
How much does it cost to start: $6,500 (?)
How long does it take to build: 180 days (?)
Time commitment per week: Min. 5 hours/week
Payment.co, an app built on top of the Stripe payment gateway for creating card-present charges, has grown to process over $70M in volume annually since launching in 2015, with the app collecting a 1% service fee on every single charge.
19. Start a career coaching business
Dentists can start a career coaching business that focuses on dental professionals. By helping other dental professionals improve their career prospects and find new opportunities, dentists can generate passive income through coaching sessions and online courses.
A career coaching business involves providing personalized guidance, support, and strategy services to help clients navigate professional transitions and growth opportunities.
As a career coach, you design custom sessions to assist with resume building, interview prep, and workplace advancement goals tailored to each client’s aspirations.
With flexibility for in-person or virtual meetings, building a client base lets you empower breakthroughs through specialized advice and accountability.
Launching a coaching practice can be a great opportunity for those with speaking talents and human resources expertise to monetize their natural motivational abilities while setting their own schedule.
How much you can make: $1,000 — $500,000/month
How much does it cost to start: $750 (?)
How long does it take to build: 75 days (?)
Wall Street Oasis, the largest online community focused on careers in finance, has over 100 million visitors during its 14-year history and is currently receiving over 2 million visits per month, offering interview courses and mentorship services, in addition to building and investing in a thriving online community.
20. Start a mobile app development business
Dentists can start a mobile app development business that focuses on dental services. By offering services such as app development and design, dentists can help other dental practices improve their online presence and generate passive income through project fees.
Mobile app development is the process of creating software applications that run on mobile devices. These apps can be used for a variety of purposes, including games, productivity, and social networking.
Starting a mobile app development business is a great way to enter the world of software development. This type of company is growing in popularity as businesses are looking for ways to reach their customers through mobile apps.
To start a mobile app development company, you need to have strong technical skills and be able to develop high-quality software. You should also have a good understanding of how to market and sell mobile apps
How much you can make: $7,500 — $2,333,333/month
How much does it cost to start: $7,500 (?)
How long does it take to build: 120 days (?)
"We started a custom iOS and Android app development consultancy that now makes nearly seven-figures a year by landing clients like Great Clips and the USA CUP after building successful concept apps."
21. Start an online clothing business
Dentists can start an online clothing business that features dental-inspired designs, such as tooth-shaped logos and braces-themed patterns. By offering a unique and creative product line, dentists can generate passive income through sales.
Starting an online clothing business is an exciting and promising venture. The concept is simple: create an online platform where customers can browse, purchase, and receive their fashion items directly to their doorstep. The beauty of an online clothing business is that you don't have to worry about the overhead costs associated with a physical store, and you can reach a broader customer base.
However, running a successful online clothing business takes more than just setting up a website and listing products. Here are a few tips to ensure your business thrives:
Find your niche: The fashion industry is vast, and it’s essential to find your niche and target market. Identify what type of clothing you want to sell and to whom. For example, if you’re passionate about sustainable fashion, you can focus on selling eco-friendly clothing for the eco-conscious consumer.
Build a strong brand: Your brand is your business’s identity, and it’s crucial to create a strong brand that resonates with your target market. Choose a catchy and memorable business name, and create a consistent visual identity across all platforms, including your website, social media, and packaging.
Invest in excellent product photography: The quality of your product photography can make or break your business. People can’t touch or try on clothes online, so the photos are their only reference. Invest in professional photography to showcase your products in the best light possible.
Prioritize customer service: Good customer service is vital to building customer trust and loyalty. Respond quickly to customer inquiries, and make it easy for them to contact you. Offer free returns, and consider offering a loyalty program to keep your customers returning.
Stay on top of trends: The fashion industry is ever-evolving, and it’s crucial to stay on top of the latest trends. Keep an eye on what’s popular and what's coming next, and consider incorporating trendy items into your product offerings.
Starting an online clothing business may seem daunting, but it’s an exciting and fulfilling venture. By finding your niche, building a solid brand, investing in excellent product photography, prioritizing customer service, and staying on top of trends, you’ll be well on your way to running a successful and lucrative online clothing business.
How much you can make: $5,000 — $475,000,000/month
How much does it cost to start: $8,500 (?)
How long does it take to build: 120 days (?)
Highway Robery is a sustainable robe company in Austin, Texas, producing colorful, all-inclusive, gender-neutral robes in the USA, having increased their sales up 49% YoY as of May 31, 2019.
22. Start a travel company
Starting a travel company that specializes in dental tourism can be a great way for dentists to generate passive income. By offering dental services in a foreign country, dentists can attract patients from around the world and generate passive income through service fees.
Travel companies sell transportation, lodging, plan trips, and admission to entertainment activities to individuals and groups.
If you love traveling, you can start a company that organizes trips for different people. Choose a niche and ensure travel packages that suit them best.
How much you can make: $10,000 — $114,200,000/month
How long does it take to build: 90 days (?)
Under30Experiences is a travel company for people aged 21-35 that runs small group trips around the world, with over 800 five-star reviews on Facebook, Google, and Yelp combined, and nearly hitting $5M in revenue before the COVID-19 pandemic.
23. Start an art business
Starting an art business that features dental-inspired art, such as tooth-shaped sculptures and braces-themed paintings, can be a great way for dentists to generate passive income. By offering a unique and creative product line, dentists can generate passive income through sales.
Starting an art business can be a great idea if you have a passion for art.
You’ll be able to work on your schedule, set your prices, and do something you love—while supporting yourself or even making money!
There are so many different avenues available to you as an artist-entrepreneur right now—from selling your work online (on sites like Etsy), through galleries or museums, or even at craft fairs and flea markets.
How much you can make: $876 — $415,000/month
How much does it cost to start: $2,000 (?)
How long does it take to build: 60 days (?)
Innerglow Art is a successful custom abstract painting business that incorporates scripture and personable connection with buyers to produce beautiful and unique artwork.
24. Start a podcast
Starting a dental-related podcast can be a great way for dentists to generate passive income. By offering educational and entertaining content, dentists can monetize their podcast through advertising and sponsorships.
The podcast business involves creating and producing audio content that people can listen to online.
It’s a popular form of entertainment and information-sharing.
To start a podcast business on a budget, you'll need a few key steps.
First, choose a niche or topic that you're passionate about and that has an audience.
Next, get basic recording equipment like a microphone and headphones.
Then, find a free or affordable hosting platform to publish your episodes.
Finally, promote your podcast through social media, online communities, and word of mouth to build an audience and potentially attract sponsors or advertisers.
How much you can make: $400 — $1,020,000/month
How much does it cost to start: $2,000 (?)
How long does it take to build: 60 days (?)
Time commitment per week: Min. 2 hours/week
A successful podcast production company that grew from one client making $15/hour to a team of 10 contractors producing over 30 shows per week with revenue of over $10k/mo, primarily through referrals and with a focus on providing high personal touch and being picky about working only with clients who are a good fit.
25. Start a web design & online marketing business
Dentists can start a web design and online marketing business that focuses on dental practices. By offering services such as website design, search engine optimization, and social media management, dentists can help other dental practices improve their online presence and generate passive income through project fees.
If you know about website design and marketing concepts then starting your own web design and online marketing business could be the perfect opportunity for you to do so.
The online marketing industry is the second largest industry in the United States and continues to grow. The online marketing industry is massive. It is estimated to grow by 30% annually, reaching $400B in the next four years.
How much you can make: $6,000 — $800,000/month
How Shannon Mattern built a DIY web design training business from scratch that now generates $10k/month in revenue through affiliate commissions and courses, without outside investment or debt.
26. Start a sleep product
Dentists can start a sleep product business that focuses on dental health, such as custom-fit mouth guards and snoring solutions. By offering a unique and effective product line, dentists can generate passive income through sales and subscriptions.
Good sleep is critical for brain performance, enhancing mood and overall body health. Not getting enough sleep raises the risk of diseases and disorders.
Research shows the type and quality of sleep products affect the quality of one's sleep. Thus, experts advise people to get quality sleep products to ensure they are well-rested for the next day.
Researchers project that the global sleep aids market shall witness an annual CAGR of 6.9% and reach $111.9 in the next few years. The benefits of quality sleep products and the rise in disposable income drive demand for global sleep aid. Besides, people are shifting away from sleep aid medication and prefer natural sleep aids.
In short, selling sleep products has become a billion-dollar business.
To start a sleep products business, research the in-demand sleep products—mattresses, bed sheets, smart beds, sleep wearables, etc. Then, decide the target market, and choose a business model. You can become a sleep products manufacturer, distributor, wholesaler, or retailer.
You need to register your business name and register a tax account. Finally, apply for a business license and permits and meet all legal formalities of operating a business in your state.
How much you can make: $9,999 — $3,500,000/month
How long does it take to build: 180 days (?)
Sheets & Giggles, an eco-friendly bedding brand, earned nearly $500,000 and 6,000 orders in the first 6 months of business through Indiegogo, and utilizes pun-based marketing and a DTC model to tap into a fragmented, low brand loyalty market.
27. Start an online community
Starting an online community that focuses on dental health can be a great way for dentists to generate passive income. By offering educational resources, discussion forums, and product recommendations, dentists can monetize their community through sponsorships and advertising.
Online communities bring people who share common values together. For anyone looking to start a side hustle and earn money, you need to figure out the best online communities to participate. More important, you need to figure out on how to translate your online community membership into dollars. Ideas of how to earn through online communities include:
- Selling your products
- Promoting affiliate links for a commission
- Run ads
- Sell online community membership
- Start your own online community and charge for sponsored content
How much you can make: $1,000 — $1,816,666/month
How much does it cost to start: $500 (?)
How long does it take to build: 60 days (?)
Time commitment per week: Min. 4 hours/week
VC-turned-entrepreneur Phil Strazzulla, who previously built a successful b2b SaaS business, shares how he bootstrapped an online review site for HR software into a viable business with over $1k monthly revenues in just 3 months through organic search traffic growth and selling high intent leads.
28. Become an artist
Starting an art business that features dental-inspired art, such as tooth-shaped sculptures and braces-themed paintings, can be a great way for dentists to generate passive income. By offering a unique and creative product line, dentists can generate passive income through sales.
The artist is an individual who practices the skill, expression, and application of a craft; a person engaged in any art.
How much you can make: $876 — $160,000/month
Innerglow Art is a successful custom abstract painting business that incorporates scripture and personable connection with buyers to produce beautiful and unique artwork.
Frequently Asked Questions
Can you build passive income as a dentist?
Yes, dentists can build passive income through various means such as e-commerce stores, digital marketing businesses, online courses, affiliate marketing businesses, online jewelry stores, productized services, and many more. By leveraging their expertise and skills, dentists can create a sustainable source of passive income.
How to make passive income as a dentist?
Dentists can make passive income by creating a unique and creative product line such as dental-inspired designs in e-commerce stores, online jewelry stores, or developing an online course on dental hygiene. Dentists can also start an affiliate marketing business, provide productized services or invest in rental real estate to make passive income.
Is passive income for a dentist truly passive?
While the term "passive" implies no active work is required, some degree of effort is necessary to establish and maintain passive income streams. Dentists need to put in some initial work to create a product line, invest in rental properties, or build an online course, but once the systems are in place, the income can be sustained with minimal effort.
Conclusion
Online passive income is an excellent option if you are a dentist looking for ways to make some extra money. Several options are available; many can be started with little to no investment.
Do your research, find something that interests you, and get started! You may be surprised at how quickly those extra dollars start adding up. What have you got to lose?
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
