12 Passive Income Ideas For Anesthesiologists [2024]
Interested in earning passive income as a anesthesiologist in 2024?
We put together a few of the best passive income ideas you can start as a anesthesiologist 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 anesthesiologist.
Here's the full list:
1. Make passive income with a health and wellness app ($108K/month)
As an anesthesiologist, you could leverage your medical expertise to start a health and wellness app that helps people achieve their fitness and mental well-being goals. This app could offer personalized fitness routines, nutrition plans, mental well-being exercises, and progress tracking, all tailored to users' individual needs. With your background, you could ensure that the recommendations and plans are evidence-based and safe, adding a level of trust and credibility to the platform.
By integrating reminders for activities like drinking water or guided yoga practices, you could provide users with a comprehensive virtual coach in their pocket. Think of it as a way to share your knowledge on a broader scale, helping people make health-conscious decisions even when they're not in a clinical setting. The process will involve collaborative work with other health experts, market research, and app development, but the potential to impact lives positively and tap into a growing market makes it a promising venture.
How much you can make: $600 — $300,000/month
How long does it take to build: 200 days (?)
Founder and CEO of SelfDecode, Joe Cohen, explains how his company helps people discover personalized diet, supplement, and lifestyle recommendations based on DNA and lab tests; generating about $2.7 million in revenue over the past year and raising $8 million in a crowdfunding campaign, SelfDecode provides personalized health recommendations prioritized on unique genetic variants, marking the future of healthcare.
2. Make passive income with a YouTube channel ($72.1K/month)
As an anesthesiologist, starting a YouTube channel could be a rewarding way to share your specialized knowledge and insights while making extra money. You could create content that demystifies anesthesia, shares professional experiences, or offers advice to medical students and new practitioners. Not only would you be providing valuable information, but you could also earn revenue through ads, sponsorships, and possibly selling related merchandise.
Starting a channel requires some effort in planning, shooting, and editing videos. However, your medical background can lend credibility and attract a dedicated audience, making it easier to gain traction. With consistency and quality, you could build a successful channel that supplements your income and offers a flexible, creative outlet.
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.
3. Make passive income with a stock photography business ($14.6K/month)
As an anesthesiologist, you could leverage your keen eye for detail and unique perspective to start a stock photography business. On your days off or during breaks, you could capture high-quality photos and upload them to stock photography websites. This could not only be a relaxing and creative outlet but also a way to earn passive income.
With an initial investment in good photography gear and some practice in taking stock photos, you could build an impressive portfolio. By maintaining an active online presence, your photos could be used by businesses and bloggers for marketing purposes, earning you a steady stream of extra money over time.
How much you can make: $1,200 — $45,000/month
How much does it cost to start: $3,500 (?)
How long does it take to build: 60 days (?)
Pro Photo Studio founder Tsour Lee Adato shares how she turned a $5k investment into a business that services over 500 clients annually and makes approximately $350k per year with plans to expand and become a 7-figure business while offering advice to fellow entrepreneurs to always be innovating, learning and growing, and not to undervalue themselves.
4. Make passive income with a dropshipping business ($453K/month)
If you are an anesthesiologist looking for a way to earn passive income, starting a dropshipping business could be an effective way to supplement your income. In dropshipping, you sell products online without needing to hold inventory. When a customer makes a purchase, you buy the product from a supplier who ships it directly to the customer.
To get started on a budget, you could choose a specific type of products to sell and set up an online store using platforms like Shopify or WooCommerce. Then, find reliable suppliers on websites like AliExpress, list their products on your store, and concentrate on marketing and customer service to build your business. It's important to keep an eye on your expenses and track your profit margins to ensure that your side venture remains profitable.
How much you can make: $6,000 — $3,000,000/month
How much does it cost to start: $7,000 (?)
How long does it take to build: 90 days (?)
Time commitment per week: Min. 10 hours/week
Entrepreneur Kamil Sattar has developed multiple six-figure drop shipping businesses, and his company, e-commerce mentoring, specializes in helping others create their own successful companies, with favorite platforms including using Shopify and apps such as Loox reviews and SMSBump.
5. Make passive income with a mobile app ($70.3K/month)
As an anesthesiologist, you could supplement your income by developing a mobile app that caters to your medical expertise. For instance, you might create an educational app that helps medical students and professionals understand complex anesthesiology concepts, or perhaps an app that assists patients in tracking their pre- and post-operative care instructions. Your medical background gives you a unique perspective on the needs of both healthcare providers and patients, providing a solid foundation for a useful and effective app.
The process starts with a clear vision for the app, which can be developed even with basic coding knowledge or by hiring a developer. Focus on planning the user experience, designing intuitive interfaces, and ensuring the app runs smoothly without bugs. With the right idea and dedication, your app could gain significant traction and generate a passive income stream, all while contributing positively to the healthcare community.
How much you can make: $1 — $500,000/month
How long does it take to build: 180 days (?)
BACH, an app that plans and books bachelorette parties, has grown from $0 to >$1M net revenue run rate in less than 6 months, gained over 100,000 users in their first 60 days, and has over 40,000 parties using the app this month.
6. Make passive income with a niche blog ($31.5K/month)
Starting a niche blog could be a great way for you as an anesthesiologist to share your specialized knowledge and experiences with a broader audience. You could write about topics such as the latest advancements in anesthesia, tips for patients undergoing major surgeries, or advice for medical students interested in your field. By providing unique and informative content, you have the chance to build a dedicated following interested in your expertise.
Monetizing your blog could involve collaborating with medical brands, providing affiliate links to specialized equipment or books, and growing a YouTube channel that offers more in-depth discussions and tutorials. Speaking at medical conferences and establishing yourself as an authority in your niche could further elevate your blog's profile. Engaging with your followers regularly will help you sustain interest and attract more traffic, eventually turning your blog into a passive income stream.
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.
7. Make passive income with a mobile mechanic service
As an anesthesiologist, you could consider starting a mobile mechanic service to supplement your income in a practical and flexible way. This type of business allows you to set your own hours and determine which neighborhoods to service, making it an excellent opportunity for someone with a busy and unpredictable schedule.
Automotive repair is a booming industry, estimated to reach $810 billion by 2026, so there's plenty of potential for profit. If you have an interest in cars or enjoy hands-on work, running a mobile mechanic service could be both a rewarding and lucrative side business. By leveraging your time efficiently, you could create a passive income stream without sacrificing your primary career.
How much you can make: $4,000/month
Retro Radio Farm founder, Allen Chiang, earns $50k per year as a side business restoring old radios and offering Bluetooth MP3 upgrades, with the business growing 20% every year.
8. Make passive income with a niche website ($107K/month)
If you're an anesthesiologist looking for a focused online business that offers both creative freedom and potential revenue, consider building a niche website. As an expert in your field, you could create a site dedicated to providing valuable insights, tips, and information about anesthesia, pain management, or other related topics. This could serve a dedicated audience of medical professionals, students, or even patients seeking reliable information.
Starting this venture involves selecting your niche, creating engaging and informative content, and driving traffic to your site. You'll need to invest time in research, writing, and search engine optimization (SEO) to attract a loyal following.
Monetization options are diverse—you could earn through affiliate marketing, advertising, or selling digital products like e-books or courses. Once established, your niche website can become a dependable source of passive income, leveraging your passion and expertise in the field of anesthesiology.
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.
9. Make passive income with a real estate investment firm ($398K/month)
Starting a real estate investment firm could be a great way for anesthesiologists to supplement their income and build wealth. As an anesthesiologist, you already understand the importance of careful planning and strategic decision-making—skills that are directly transferrable to real estate investment.
This business involves buying, managing, and selling properties to generate profit. You could identify valuable properties, negotiate deals, handle renovations, and manage rentals or sales. With the real estate market offering substantial profit potential, your efforts could yield impressive financial returns. Additionally, rental properties could provide a steady income stream, adding to your financial stability. If you have a passion for real estate and a knack for spotting opportunities, starting an investment firm might be the ideal venture for you.
How much you can make: $10,000 — $1,500,000/month
How long does it take to build: 210 days (?)
Equity Residences is a luxury real estate investment fund that has raised $40 million from over 200 investors, offering them access to a portfolio of luxury vacation homes for investment and personal use, with a minimum investment of $161,500 and plans to acquire a further twenty residences ranging from $1.5M to $4M.
10. Make passive income with a stock investing business ($30.3K/month)
As an anesthesiologist, starting a stock investing business could be a practical way to supplement your income. You could leverage your analytical skills and attention to detail to navigate the financial markets effectively. By buying and selling stocks with a well-thought-out strategy, you could generate passive income over time.
This venture revolves around analyzing market trends and making informed decisions, similar to how you would approach patient care with precision and expertise. Although it will require continuous learning and a keen eye on market movements, the potential for high returns makes it a worthwhile endeavor. With dedication and strategic planning, stock investing can become a rewarding side business, opening up new avenues of financial growth outside your primary profession.
How much you can make: $4,000 — $160,000/month
How much does it cost to start: $3,500 (?)
How long does it take to build: 90 days (?)
Ticker Nerd is a monthly subscription service for investors that surfaces and analyzes trending stocks before the hype train arrives, and now has $4.5k in monthly recurring revenue from its newsletter without spending a single dollar on advertising, having validated the business via subreddits and organic Product Hunt launch strategy.
11. Make passive income with a cabinet making business
Starting a cabinet-making business could be a great way for an anesthesiologist to earn extra income. If you enjoy woodworking and the creative process involved in designing and building cabinets, you could turn this passion into a profitable side venture. The flexibility of your primary profession might allow you to delegate the day-to-day operations to a skilled team while you focus on your medical career.
This business could begin with small projects, perhaps for friends and family, and grow through word-of-mouth and local marketing. Over time, you could establish a steady stream of passive income from custom orders, installations, and even online sales. Moreover, the capital requirement is relatively low to start, especially if you start small and scale as demand increases.
12. Make passive income with an ai based business solution ($55.8K/month)
As an anesthesiologist, you could explore starting an AI-based business solution to supplement your income and leverage your medical expertise. For example, you might implement AI tools in the healthcare sector, focusing on optimizing hospital operations or improving patient care management. These solutions could automate routine tasks, predict patient needs, and analyze large data sets, making healthcare delivery more efficient.
Additionally, the rise in AI demand means businesses across various sectors are looking for innovative ways to gain a competitive edge. You could develop or invest in AI solutions that cater to these needs, such as customer service automation or data analysis tools. Even without a tech background, many platforms offer user-friendly interfaces and support systems to help you get started.
With your medical insight and an entrepreneurial mindset, you could bridge the gap between healthcare and technology, opening new avenues for passive income and professional growth.
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.
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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.
