Passive Income Ideas For Erp Consultants [2024]
Interested in earning passive income as a ERP consultant in 2024?
We put together a few of the best passive income ideas you can start as a ERP consultant 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 ERP consultant.
Here's the full list:
1. Make passive income with an online course sales business ($85K/month)
As an ERP consultant, you have a wealth of specialized knowledge that can be incredibly valuable to others. By creating an online course that delves into areas like ERP implementation, best practices, or system optimization, you could help businesses and aspiring consultants while generating passive income. This allows you to share your expertise with a broader audience and create a new income stream without the constraints of your daily consulting schedule.
Starting an online course sales business is straightforward: you select a target audience, develop your course content, and choose an e-learning platform to host and sell your course. Considering that the e-learning market is expected to reach over $645 billion in the coming years, this could be a lucrative opportunity to make extra money while pursuing your passion. So, if you have a knack for teaching and deep knowledge of ERP systems, this could be a great side hustle or even evolve into a primary source of 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 lead generation tool ($108K/month)
As an ERP consultant, you could create a lead generation tool to automate the tedious process of finding new clients for businesses. This could help companies focus on converting leads rather than spending time and resources on identifying them. With your technical expertise, you could design a software application that integrates with websites, social media channels, and other digital platforms to capture valuable customer information like email addresses and phone numbers.
Businesses are always looking for ways to streamline their marketing efforts and grow their customer base, making the demand for efficient lead generation tools high. By offering this service, you could tap into a lucrative market while supplementing your income. Your tool would not only simplify client acquisition for other businesses but also establish you as an innovative problem-solver in your field.
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.
3. Make passive income with an email marketing tool ($992K/month)
As an ERP consultant, you could leverage your expertise to supplement your income by starting an email marketing tool. Given your background in handling complex systems and understanding business processes, you could create a tool specifically tailored for businesses looking to streamline their email campaigns.
An email marketing tool would allow you to provide additional value to your clients by offering a solution that helps them generate leads, increase sales, and manage their customer communications more effectively. With the global email marketing tool market expected to reach $2.53 billion by 2028, you could tap into this growing industry and provide much-needed solutions for a wide array of businesses.
How much you can make: $120 — $20,833,333/month
How much does it cost to start: $1,000 (?)
How long does it take to build: 180 days (?)
H-supertools founder Hasan developed a set of free SEO and digital marketing tools generating $2k per month in profit using Google Adsense, affiliate marketing, selling ad spaces, and email, plans to launch a membership option, and has attained over 80k registered users and 300k monthly visits in less than two years.
4. Make passive income with an ai based business solution ($55.8K/month)
As an ERP consultant, you could supplement your income by starting an AI-based business solution to streamline business operations. This can involve leveraging artificial intelligence to optimize key areas like customer service, inventory management, data analysis, and personalized marketing. By doing so, companies can improve efficiency, reduce costs, and make better decisions based on data insights.
You don't need a tech background to get started; many platform providers offer easy-to-use interfaces and strong support. The demand for AI solutions is growing as more businesses recognize the competitive advantage they offer. With a solid plan and focus on impactful areas, you could successfully tap into this expanding market and enhance your income.
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.
5. Make passive income with a corporate photographer ($23.4K/month)
As an ERP consultant, you could supplement your income by becoming a corporate photographer. This side hustle could be particularly appealing if you have an interest in photography and enjoy helping businesses present themselves in the best possible light. Companies often need high-quality photos for marketing materials, website updates, and events, and your technical background gives you a unique advantage in understanding and meeting their specific needs.
Creating a solid portfolio to showcase your skills and style is essential in attracting clients. You could use your existing network and knowledge of business software tools to market yourself through social media and local events effectively. Your ability to understand clients' brands and visions can help you create images that communicate their message and align with their marketing strategy.
By leveraging your communication and customer service skills, you could offer a reliable and professional service that meets deadlines and incorporates client feedback. This business could be both rewarding and lucrative, offering you a way to earn passive income while combining your consulting expertise with a creative pursuit.
How much you can make: $8,300 — $50,001/month
How much does it cost to start: $5,000 (?)
How long does it take to build: 100 days (?)
This case study follows the journey of an Indian first-generation entrepreneur who built Studio 31, a profitable and award-winning wedding photography and film company capturing over 350 weddings annually, with a unique focus on customer experience and organic marketing, serving more than 90% NRI clients and generating an annual revenue of about a million dollars.
6. Make passive income with a wordpress plugin business ($33.4K/month)
As an ERP consultant, you bring a wealth of knowledge about managing complex systems and solving business challenges. This background provides a perfect foundation for creating WordPress plugins that address specific needs within your field. For instance, you could develop a plugin for better data integration or workflow management, targeting businesses that need similar solutions.
Once you've created a plugin, you could sell it on platforms like CodeCanyon or through your own blog or website. This venture not only helps you earn extra income but also allows you to leverage your existing expertise, creating a passive income stream that supplements your consultancy work.
How much you can make: $120 — $120,000/month
How much does it cost to start: $5,000 (?)
How long does it take to build: 120 days (?)
Time commitment per week: Min. 5 hours/week
Wheely Sales CEO Josh created a lucky wheel popup that has grown revenue from $0 to $600/month in just 4 months since getting started and has attracted over 1.1 million users to his customers’ websites, all while proving that when it comes to creating a product, competition is validation.
7. Make passive income with a mobile app ($70.3K/month)
As an ERP consultant, you could leverage your deep industry knowledge to create a mobile app that addresses specific challenges faced by businesses using ERP systems. For example, you might design an app that simplifies inventory management or enhances real-time data reporting, making it a valuable tool for managers and business owners.
Creating a mobile app will require you to either learn basic coding skills or hire a developer to bring your vision to life. You'll need to focus on planning an intuitive user experience, designing a functional interface, and thoroughly testing the app to ensure it runs smoothly.
Considering the extensive use of mobile apps in daily operations, your app could attract a broad user base and generate significant revenue. With dedication and smart marketing strategies, your mobile app could become a steady source of passive income while solving real-world problems in the ERP space.
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.
8. Make passive income with a podcast ($97.9K/month)
Starting a podcast could be a great way for you, as an ERP consultant, to supplement your income and make extra money. By creating valuable content around ERP systems, implementation strategies, and industry trends, you could attract a dedicated audience of professionals eager to learn from your expertise. As your audience grows, you have the potential to earn passive income through sponsorships, advertisements, or even offering premium content or consulting services.
To get started, you'd need to select a specific niche within the ERP field that you're passionate about. With just a microphone and headphones, you can record episodes that provide insights, tips, and interviews with industry experts. Hosting platforms are affordable or even free, and promoting your podcast through social media and online communities could quickly build your listener base.
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.
9. Make passive income with an affiliate marketing business ($77.5K/month)
As an ERP consultant, you could supplement your income through affiliate marketing by leveraging your industry knowledge and network. By promoting software or tools that are relevant to your work, such as ERP solutions, project management software, or cloud services, you could earn a commission for each sale made through your recommendations. This not only provides a way to make extra money but also positions you as a trusted resource in your field.
To get started, you could explore and partner with reputable companies whose products you already use or believe in. Sharing your genuine experiences and insights through blog posts, social media, or webinars could attract potential buyers. Over time, this affiliate marketing strategy could develop into a substantial source of passive income while still allowing you to focus on your primary career.
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.
10. Make passive income with a social media automation business ($139K/month)
As an ERP consultant, you could leverage your technical expertise and understanding of business needs to start a social media automation business. This involves creating tools and services that help businesses schedule posts, automate interactions, and analyze data across social media platforms.
Given the rising demand for consistent and strategic social media engagement, your skills uniquely position you to develop or integrate software solutions that save clients time and grow their online presence. Small businesses and influencers could pay you for these services, providing a steady stream of passive income while you continue to work in your primary field.
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.
11. Make passive income with an AI writing tool ($255K/month)
As an ERP consultant, you could supplement your income by developing an AI writing tool tailored to the ERP industry. Given your deep understanding of ERP systems and business processes, you could create a tool that generates high-quality content for user manuals, training materials, and implementation guides, saving businesses and professionals significant time and effort.
This AI writing tool could also help you establish a passive income stream. Once you develop and launch the tool, companies, ERP consultants, and students in the field could use it to generate accurate and engaging content, all while providing you with continuous revenue. The demand for effective content creation is ever-growing, and your expertise could address that need in a highly specialized sector.
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.
12. Make passive income with a niche website ($107K/month)
As an ERP consultant, you could consider starting a niche website to supplement your income by sharing your expertise and insights in a focused area, such as ERP implementation strategies or software reviews. A niche website allows you to target a specific audience interested in ERP systems, providing valuable content that could attract traffic and build a loyal following.
You could monetize your site through affiliate marketing, recommending ERP software and tools, or by placing ads related to your niche. Additionally, you could sell digital products like eBooks, online courses, or templates that provide solutions to common ERP-related challenges. Over time, with consistent effort and quality content, your niche website could become a valuable passive income stream.
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.
13. Make passive income with a niche blog ($31.5K/month)
As an ERP consultant, you could start a niche blog centered around ERP systems and their real-world applications. Sharing your expertise on how businesses can optimize their use of ERP software, addressing common challenges, and offering tips for smooth implementation would attract a dedicated readership interested in this specialized knowledge. By focusing on this underserved niche, you could provide valuable insights that are hard to find elsewhere.
Creating content like how-to guides, case studies, and video tutorials could help you build an engaged online community. Over time, you could monetize your blog by incorporating affiliate links to ERP software, partnering with relevant brands, and even offering your consultation services to readers. This steady stream of income could become a reliable supplement to your primary career.
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.
14. Make passive income with a YouTube channel ($72.1K/month)
Starting a YouTube channel could be an excellent way for an ERP consultant to supplement their income. You could create content that shares your knowledge and expertise in ERP systems, offering tutorials, troubleshooting tips, and best practices. This not only helps others in your field but also positions you as a thought leader, potentially leading to ad revenue, sponsorship deals, and consulting opportunities.
Consistency and quality are key to building a successful channel, so you'll need to plan your content carefully and engage with your audience regularly. While it requires dedication, the potential for financial reward makes it an attractive option for entrepreneurial-minded ERP consultants. This could be a fulfilling way to share your unique insights and make extra money.
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.
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.
