Passive Income Ideas For Agile Coaches [2024]
Interested in earning passive income as a agile coach in 2024?
We put together a few of the best passive income ideas you can start as a agile coach today. These will help you increase your quality of life by bringing in more income for yourself or your business.
For each income idea, we’ll show you real-world examples, revenue expectations for each idea, plus some things you might need to know before you start your passive income journey as a agile coach.
Here's the full list:
1. Make passive income with an online course sales business ($85K/month)
As an agile coach, you could supplement your income by creating and selling online courses. Given your extensive knowledge in agile methodologies, you can develop courses that teach best practices, guide teams through agile transformations, or offer specialized training in areas like Scrum, Kanban, or Lean. This not only provides value to those looking to enhance their skills but also establishes you as a thought leader in the agile community.
Launching an online course doesn't require much initial investment. All you need to do is choose a target audience, create engaging content, and select an online learning platform to host and sell your course. With the e-learning market set to grow significantly, this could be a lucrative way to share your expertise while generating passive income.
How much you can make: $100 — $300,000/month
How much does it cost to start: $2,000 (?)
How long does it take to build: 180 days (?)
A multipreneur shares how she built a successful print on demand side hustle, generating $120,000 per year through multiple brands spread over various platforms.
2. Make passive income with a podcast ($97.9K/month)
Starting a podcast could be a great way for you as an agile coach to supplement your income and share your expertise with a broader audience. By discussing topics you're passionate about, such as agile methodologies, team dynamics, and leadership, you could attract listeners who are interested in improving their work processes. This approach allows you to leverage your knowledge and experience in a way that reaches beyond direct coaching sessions.
All you need is some basic recording equipment, like a microphone and headphones, and an affordable hosting platform to publish your episodes. Once your podcast is live, promoting it through social media and online communities can help you build an audience. Over time, as your listener base grows, you could attract sponsors or advertisers, turning this side project into a steady stream of passive income.
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.
3. Make passive income with a YouTube channel ($72.1K/month)
As an agile coach, starting a YouTube channel could provide you with an excellent opportunity to supplement your income while sharing your expertise. You could create videos on agile methodologies, provide tips for project management, or document real-world case studies. This not only positions you as an authority in your field but also creates multiple revenue streams through ads, sponsorships, and even merchandise.
Additionally, educational content often has high engagement rates, and your unique insights into agile practices could garner a loyal following. While creating a successful YouTube channel requires consistent effort in planning, shooting, and editing videos, the potential for a steady passive income stream is significant. Plus, by leveraging your professional knowledge, you can offer genuine value to a wide audience while opening up new entrepreneurial opportunities.
How much you can make: $2,000 — $333,333/month
How much does it cost to start: $5,250 (?)
How long does it take to build: 30 days (?)
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.
4. Make passive income with a niche blog ($31.5K/month)
As an Agile coach, starting a niche blog could offer a great opportunity to share your expertise and insights with a broader audience. You could focus on topics that resonate with Agile professionals, such as effective team dynamics, case studies of successful Agile transformations, or in-depth guides on specific Agile practices. By providing valuable content, you could build a dedicated following and position yourself as a thought leader in your field.
In addition to sharing your knowledge, a blog could also become a source of passive income. You could monetize your blog through affiliate links to Agile tools and resources, offer online coaching sessions, or create and sell your own digital products, like eBooks or online courses. By engaging with your community, you could also attract collaborations with relevant brands and even get opportunities to speak at events.
Engaging in regular interaction with your readers and consistently creating high-quality content could help your blog gain visibility in the Agile community. This could not only boost your credibility but also enhance your main coaching business, making it a win-win situation.
How much you can make: $100 — $650,000/month
How much does it cost to start: $650 (?)
How long does it take to build: 60 days (?)
Starter Story grew to 1.4 million monthly visitors and millions in annual revenue by sharing the stories of entrepreneurs. Pat breaks down the early days and how he grew the business into something that changed his life.
5. Make passive income with an ai based business solution ($55.8K/month)
As an Agile coach, you could explore creating an AI-based business solution to tap into the growing demand for technology that streamlines business operations. By leveraging AI, you could help organizations optimize their processes, reduce costs, and enhance efficiency. AI tools are particularly good at automating repetitive tasks, analyzing customer data, and predicting market trends, which can result in more informed decision-making for businesses.
You don't need to have a background in technology to launch an AI-based solution; many platform providers offer intuitive interfaces and comprehensive support. By integrating AI into your coaching services, you could provide added value to your clients, helping them achieve faster and more scalable results. This approach could set you apart in a competitive market and open up new revenue streams through innovative solutions.
How much you can make: $4,000 — $120,000/month
How long does it take to build: 125 days (?)
Mikkelsen Twins grew an online education company from scratch with over 800 students, making over 6-figures in profit every month thanks to their successful program, Audiobook Income Academy 2.0.
6. Make passive income with an AI writing tool ($255K/month)
As an agile coach, you could create a passive income stream by developing an AI writing tool. This tool would use Artificial Intelligence to help generate content quickly and accurately, which is increasingly important in today’s fast-paced digital environment. From crafting blog posts to generating reports, the AI writing tool could save significant time for businesses, bloggers, and students, while ensuring error-free, engaging material.
Leveraging your expertise in agile methodologies, you could oversee the development process, ensuring the tool remains adaptive and continuously improved based on user feedback. This venture not only aligns with the growing demand for automated content creation but also positions you at the forefront of technological innovation in your field. Imagine transforming how people create written content while establishing a reliable source of passive income for yourself.
How much you can make: $4,000 — $1,000,000/month
How long does it take to build: 52 days (?)
Rytr, a new AI writing assistant developed by a startup platform and business incubator, has become a market leader, serving over 300,000 customers across the world and doing seven figures in ARR.
7. Make passive income with a niche website ($107K/month)
As an Agile coach, starting a niche website focused on Agile methodologies and practices could be a great way for you to supplement your income and make extra money. You could create content that shares your expertise, offers practical tips, and solves common challenges that other Agile coaches and teams face. This could include blog posts, video tutorials, or downloadable resources, all tailored to an audience that values your knowledge.
Once your site starts attracting traffic, you could monetize it through various means such as affiliate marketing, ad placements, or selling digital products like eBooks or online courses. This endeavor not only provides you with creative freedom but also positions you as an authority in your niche, potentially leading to more coaching opportunities. With some initial effort in research and content creation, your niche website could become a steady stream of passive income.
How much you can make: $400 — $250,000/month
How long does it take to build: 60 days (?)
DPW (Digital Procurement World) is a fast-growing conference and community in procurement that has more than tripled in revenue since launching in 2019, capping out the year at €1.8 million, with 95% of their growth coming from inbound traffic leveraging LinkedIn and applying social selling techniques.
8. Make passive income with an affiliate marketing business ($77.5K/month)
Starting an affiliate marketing business could be a great way for you as an Agile coach to supplement your income. By promoting products and services that align with your expertise and audience, you could earn commissions on sales made through your referral links. This might include tools, books, software, and courses that your students and clients might find valuable.
You could begin by choosing products or brands that you already believe in and use in your daily work, making it easier to authentically recommend them. Focusing on items that enhance Agile practices or productivity could resonate well with your professional network. Over time, your affiliate marketing efforts could build a new stream of revenue, gradually contributing to your financial growth without requiring a large initial investment.
How much you can make: $500 — $773,000/month
How much does it cost to start: $700 (?)
How long does it take to build: 60 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.
9. Make passive income with an online survey tool ($304K/month)
As an agile coach, you could leverage your existing skills to create an online survey tool that helps businesses gather valuable customer feedback. Businesses are increasingly relying on online surveys to understand their customers better and improve their products and services. By developing a survey tool, you could tap into this growing market and offer features like a survey builder, data collection tool, and reporting system.
You could use your experience in facilitating feedback sessions and understanding team dynamics to create surveys that provide actionable insights. For instance, popular tools like Typeform have shown significant growth, with their annual recurring revenue surpassing $70 million in 2021. Starting an online survey tool could provide a steady stream of passive income, allowing you to supplement your primary income while helping businesses make better decisions.
How much you can make: $40 — $1,600,000/month
How long does it take to build: 180 days (?)
GreenRope, a self-funded CRM and marketing automation platform with over 1,000 customers in 20 countries, was built organically and focused on creating a positive, customer-centric culture without outside investment, with an all-in-one interface solving challenges in managing sales, marketing, customer service, and operations.
10. Make passive income with a lead generation tool ($108K/month)
As an Agile coach, you could create a lead generation tool to help businesses find potential clients more efficiently. This software could automate the tedious process of gathering customer information, freeing up businesses to focus on converting leads into sales. By integrating with various online platforms, your tool might collect valuable data like email addresses, phone numbers, and customer interests.
Given the high demand for effective lead generation, your tool could be highly valuable to companies looking to streamline their marketing efforts. If you enjoy combining technology with marketing strategies, this venture could not only supplement your income but also leverage your existing skills in Agile methodologies to ensure the tool's development process is efficient and customer-centric.
How much you can make: $1,000 — $400,000/month
How much does it cost to start: $600 (?)
How long does it take to build: 90 days (?)
Dux-Soup is a LinkedIn automation tool that helps business owners and sales & marketing professionals generate more leads, increase efficiency, and save time; with over 70,000 users and revenue of nearly $5 million, it offers automated top-of-the-funnel LinkedIn outreach activities, targeted LinkedIn campaigns and multi-touch & personalized LinkedIn drip campaigns for lead generation.
11. Make passive income with a social media automation business ($139K/month)
As an Agile coach, you could supplement your income by starting a social media automation business. Imagine utilizing your skills in streamlining processes to help small businesses and influencers manage their social media effortlessly. By creating tools or services to schedule posts, automate interactions, and analyze performance, you could offer them convenience and efficiency while driving their engagement and growth.
Given the rising need for consistent and strategic social media presence, your expertise in process optimization could be highly valuable. By integrating and staying up to date with the latest software solutions and trends, you could build tailored services that meet specific client needs. This venture not only taps into your passion for technology but also allows you to develop new relationships, adding a rewarding entrepreneurial dimension to your career.
How much you can make: $4,000 — $400,000/month
How long does it take to build: 50 days (?)
MeetEdgar, a bootstrapped social media automation tool founded in 2014 by Laura Roeder, has grown to $4 million in annual recurring revenue and more than 5,000 customers, with a team size of two dozen, achieved through content marketing, social media marketing, and organic search.
12. Make passive income with an android monitoring software
As an Agile coach, you could supplement your income by developing and promoting Android monitoring software. Given your background in Agile practices, you likely possess skills in project management, iterative development, and team collaboration, which are crucial for launching a successful software product. By leveraging these skills, you could oversee the development process efficiently, ensuring the monitoring application is user-friendly and compliant with privacy regulations.
Once the software is ready, you could create a website to market it, highlighting its benefits such as increased productivity, security, and device management features. By conducting market research, you could target specific user groups who would benefit most from this type of software, such as businesses needing to manage employee devices or parents looking to monitor their children's online activities. This entrepreneurial venture not only provides an additional revenue stream but also allows you to apply your Agile expertise in a new and innovative way.
How much you can make: $25,000/month
How much does it cost to start: $5,000 (?)
How long does it take to build: 180 days (?)
Spapp Monitoring is an Android tracking app for parents and employers, started as a side project and now making $300k a year through organic traffic from Google Play and the company's website.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
