Passive Income Ideas For Electricians [2024]
Interested in earning passive income as a Electrician in 2024?
We put together a few of the best passive income ideas you can start as a Electrician 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 Electrician.
Here's the full list:
1. Make passive income with a podcast ($97.9K/month)
Starting a podcast could be a great way for you as an electrician to supplement your income and potentially earn passive income. By sharing your expertise, you could create content that helps both professionals and DIY enthusiasts understand electrical concepts, safety tips, and industry trends. This knowledge could attract a loyal audience who values your practical advice.
To get started, you could choose a specific niche within the electrical field that excites you, like home wiring tips or smart home technology. Once you have your topic, all you need is basic recording equipment and an affordable hosting platform to publish your episodes. Promote your podcast on social media and through word of mouth to grow your audience, which could eventually lead to sponsorships and advertising deals, enabling you to earn money from your content.
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.
2. Make passive income with an online course sales business ($85K/month)
As an electrician, you could supplement your income by creating and selling online courses about electrical work. Many people are keen to learn practical skills such as basic wiring, troubleshooting electrical problems, or even advanced techniques for home automation. By sharing your expertise, you could reach a large audience eager for this knowledge.
You could start by identifying a specific group, such as DIY enthusiasts or aspiring electricians, and develop a series of lessons that cater to their needs. Once your course is ready, you could use an online platform to market and sell your courses, generating passive income over time. Given the booming e-learning market, this could be a great opportunity to leverage your existing skills for additional revenue.
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.
3. Make passive income with a niche website ($107K/month)
If you're an electrician looking to supplement your income, starting a niche website could be a practical and rewarding option. You could create a website focused on electrical projects, tips for DIY enthusiasts, or troubleshooting common electrical issues. By sharing your expertise through articles, videos, or tutorials, you'll attract visitors interested in this specialized content.
As your website grows, you could monetize it through affiliate marketing by recommending tools and equipment you trust, placing ads, or even selling your own digital products like e-books or online courses. The initial setup will require some time and effort, but once established, it could turn into a reliable source of passive income. If you enjoy teaching others and have a knack for writing or creating content, a niche website could be an excellent entrepreneurial endeavor.
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.
4. Make passive income with a niche blog ($31.5K/month)
As an electrician, you could start a niche blog focused on electrical work, home DIY tips, or energy-saving solutions. Sharing your expertise in these areas can attract a passionate online community interested in learning from your professional experience. You could write articles, create how-to guides, and share product reviews that help people understand and manage electrical tasks safely.
To monetize your blog, you could add affiliate links to tools and materials you recommend, collaborate with brands related to electrical supplies, or even start a YouTube channel to expand your reach. Over time, this could create a steady stream of passive income while you continue working in your primary job. Plus, the blog would offer a way to build your personal brand and potentially speak at industry events.
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 a YouTube channel ($72.1K/month)
As an electrician, you could create a YouTube channel to share your expertise with a wide audience, potentially opening up new streams of passive income. You could produce how-to guides on common electrical problems, safety tips, or tutorials on installing various electrical components. These videos could attract a loyal following, leading to revenue from ads, sponsorships, and even selling branded merchandise.
By consistently posting high-quality content and engaging with your viewers, you could build a community of DIY enthusiasts and other professionals who look to you for reliable advice. Over time, this engagement could translate into a steady source of additional income, making your YouTube channel a worthwhile side hustle. If you’re passionate about educating others and willing to put in the effort, starting a YouTube channel could be a rewarding venture.
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.
6. Make passive income with an affiliate marketing business ($77.5K/month)
If you're an electrician looking for a side hustle to boost your income, starting an affiliate marketing business could be a great fit. In affiliate marketing, you earn money by promoting other companies' products and services online and receiving a commission for each sale made through your referral. This could allow you to tap into the growing world of online sales without needing to manage inventory or customer service.
You could find products related to your field, like electrical tools, safety gear, or home automation gadgets, and partner with companies that sell these items. By sharing your expertise and recommending quality products on a blog or social media, you could build trust with your audience and generate a steady stream of passive income. This venture would allow you to leverage your existing knowledge while exploring a new, entrepreneurial avenue.
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.
7. Make passive income with an employee training business ($43.6K/month)
As an electrician, you could supplement your income by starting an employee training business that focuses on the skills and knowledge you already possess. Many companies need specialized training programs for their staff to improve performance and build confidence. By creating a training curriculum that covers essential topics like safety, industry regulations, and hands-on skills, you could provide valuable services to businesses looking to upskill their employees.
You could offer computer-based training modules, as well as on-site and off-site lectures, to suit various client needs. With your expertise, you could develop practical and engaging training approaches that effectively convey crucial information to trainees. This side business could not only provide extra income but also help you establish a reputation as a knowledgeable professional in your field.
How much you can make: $3,000 — $160,000/month
How much does it cost to start: $5,000 (?)
How long does it take to build: 62 days (?)
VORTTX Training and Testing is a virtual emergency response training system generating 1% of its market potential of one hundred million dollars a year in its second year of full-time operation through utilizing email marketing, trade shows, trade events, referrals, personalized LinkedIn messages, and featuring testimonials from early adopters.
8. Make passive income with a mobile app ($70.3K/month)
If you’re an entrepreneurial-minded electrician, creating a mobile app could be a great way to supplement your income. You could develop an app that helps fellow electricians with everyday tasks like calculating load capacities, wiring diagrams, or even troubleshooting common electrical problems. This kind of tool could save time and increase efficiency, making it very appealing to your peers in the industry.
With basic coding knowledge or by hiring a skilled developer, you could bring your app idea to life. Your main responsibilities would include planning how the app works, designing it to be easy to use, and testing it to make sure it functions well. Once your app is ready, you would need to market it effectively to ensure it reaches electricians who will find it useful.
Given that mobile apps are a big part of daily life now, an app specifically for electricians could see significant usage and generate a nice passive income for you. By solving common work-related issues, you not only make your own job easier but also create a valuable tool for others, potentially reaching a wide audience and achieving substantial revenue.
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.
9. Make passive income with a subscription box business ($97.9K/month)
As an electrician, you could tap into the growing demand for niche subscription boxes by creating a service tailored to electrical tools, gadgets, or even DIY home wiring kits. Electricians rely on having the right tools, and a subscription box could provide a convenient way for both hobbyists and professionals to discover new, high-quality electrical equipment or accessories each month.
You could curate boxes that include innovative tools, safety gear, and exclusive products that might not be readily available in local stores. By understanding your niche market and perfecting your box design, you could build a profitable business that leverages your expertise and caters to the needs of others in your field.
How much you can make: $400 — $400,000/month
How much does it cost to start: $210 (?)
How long does it take to build: 180 days (?)
Vowed Box Co. is a line of curated, quirky gift boxes with non-traditional brides in mind, offering four different products that have helped the business become profitable most months since its launch in 2018, with a monthly income of roughly $600.
10. Make passive income with an ai based business solution ($55.8K/month)
If you're an electrician looking to diversify your income, starting an AI-based business solution might be a smart move. AI can help streamline operations, automate repetitive tasks, and provide customer insights, all of which can significantly boost efficiency and reduce costs for your own business or your clients’ businesses. For instance, you could develop or implement AI tools that predict electrical system failures or optimize energy usage, providing valuable solutions that clients might be willing to pay for.
You don’t need a tech background to get started. Many AI platforms come with user-friendly interfaces and lots of support, making it possible for you to learn and implement these solutions effectively. As more companies look to gain a competitive edge by integrating AI, your expertise in both electrical systems and AI could open up new business opportunities and create a reliable passive income stream.
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.
11. Make passive income with a dropshipping business ($414K/month)
Starting a dropshipping business could be a practical way for you as an electrician to supplement your income and make extra money. With dropshipping, you could sell electrical tools, safety gear, or home improvement items online without needing to invest in inventory upfront. When a customer makes a purchase, the supplier ships the product directly to them, freeing you from the logistics of storing and shipping products.
You could set up your online store using platforms like Shopify or WooCommerce and select reliable suppliers from sites like AliExpress to provide the products you decide to offer. This business model allows you to focus on marketing and providing excellent customer service, helping your side hustle grow without interfering too much with your primary job. Just ensure you keep an eye on your expenses and keep track of your profit margins to stay profitable.
How much you can make: $6,000 — $3,000,000/month
How much does it cost to start: $8,500 (?)
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.
12. Make passive income with an ecommerce reselling business ($83.3K/month)
As an electrician, you could start an ecommerce reselling business to supplement your income by selling tools, equipment, or other goods related to your trade. This way, you could leverage your industry knowledge and connections to source high-quality products and resell them online through social media platforms. You can always create a website later as your business expands.
Becoming an eCommerce reseller means you don't have to worry about production costs since you're purchasing goods for resale rather than for consumption. This setup allows you to earn extra money by simply identifying popular and useful products in your field, purchasing them in bulk at a lower cost, and selling them at a profit.
By reselling products you're already familiar with, you could confidently recommend them to fellow electricians or even to customers looking for reliable products. This not only provides an additional income stream but also positions you as a knowledgeable resource in your industry.
How much you can make: $4,000 — $150,000/month
How much does it cost to start: $2,999 (?)
How long does it take to build: 75 days (?)
Empyre Off-Road, an e-commerce business founded by Greg Shuey which sells aftermarket parts for Toyota Tacomas, Tundras, and 4Runners, generated approximately $100,000 a month in revenue and was able to expand its product offering, focusing on content marketing, email marketing campaigns, and organic social media to attract and retain customers.
13. Make passive income with a stock photography business ($14.6K/month)
As an electrician, you could use your unique perspective and access to various work sites to kickstart a stock photography business. You often find yourself in interesting and industrial environments that most people don't see every day. Capturing high-quality photos of these settings, tools, and the work process could be highly marketable to businesses for marketing purposes or to website owners and bloggers looking for specialized content.
Starting this side hustle is straightforward. By investing in good photography gear and learning the basics of taking stock photos, you could build an impressive portfolio. Uploading your photos to stock photography websites could help you earn passive income as businesses pay for the rights to use your images. This way, while you continue your regular work, your photos could be making money for you in the background.
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.
14. Print on demand business ($411K/month)
Starting a print-on-demand business could be a great supplemental income idea for electricians. Imagine designing unique electrician-themed apparel, phone cases, or home goods that reflect the pride and humor of your profession. You could create funny slogans, cool graphics, or insightful quotes that fellow electricians and tradespeople would love.
Using platforms like Amazon, eBay, and Etsy to sell these products means you wouldn’t need to worry about holding inventory. With dropshipping services handling production and shipping, you could focus on the creative side while keeping your day job. It’s a low-risk, high-reward opportunity to make extra money and share your passion with a wider audience.
How much you can make: $200 — $3,000,000/month
How long does it take to build: 30 days (?)
Time commitment per week: Min. 5 hours/week
Founder Roy Kirchner shares how he started an eCommerce business specializing in 3D printing with an initial investment of $65,000, which now averages monthly gross sales of $330,000 and has partnered with international manufacturers and local businesses while offering technical support and education.
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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.
