Passive Income Ideas For Scrum Masters [2024]
Interested in earning passive income as a scrum master in 2024?
We put together a few of the best passive income ideas you can start as a scrum master 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 scrum master.
Here's the full list:
1. Make passive income with a podcast ($97.9K/month)
As a Scrum Master, you could start a podcast to share your insights and experiences about Agile practices and project management. This is not only a way to provide valuable information to aspiring Scrum Masters and teams, but also to establish yourself as an authority in your field. By discussing various topics related to Scrum, Agile methodologies, and team dynamics, you can attract a dedicated audience interested in improving their own practices.
Starting a podcast doesn’t have to be expensive. You could begin with basic recording equipment like a microphone and headphones and use free or affordable hosting platforms to publish your episodes. As your audience grows, you could monetize your podcast through sponsorships or advertisements, supplementing your income while doing something you’re passionate about.
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 a Scrum Master, you could use your expertise and knowledge to create online courses focusing on agile methodologies, team management, or effective Scrum practices. Many people are eager to learn these skills for career advancement or personal growth, making your course highly valuable. By creating and selling online courses, you could turn your passion and experience into a stream of passive income.
Creating an online course involves selecting a target audience, developing content, and choosing an online platform to host and sell the course. Given the e-learning market is expected to be worth over $645 billion in the next few years, the demand for quality online education is booming. With some initial effort in course creation, you could enjoy ongoing income from course sales with minimal ongoing work.
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)
As a Scrum Master, you could start a niche website that focuses on topics related to Agile methodologies, project management tools, or effective team collaboration. By sharing your expertise and creating valuable content, you could attract a dedicated audience of professionals seeking guidance and tips. This could include blog posts, tutorials, and reviews of software tools.
You could monetize this site through affiliate marketing by promoting tools and courses, placing ads, or even selling your own e-books and training materials. Building and nurturing this niche site requires some time and effort upfront, but once it gains traction, it could become a steady source of passive income. This venture allows you to leverage your existing knowledge and interests while exploring your entrepreneurial side.
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)
Starting a niche blog could be a smart move if you're a Scrum Master looking to supplement your income. You could leverage your expertise in Agile practices and create content about scrum, project management, and team dynamics. This way, you’d be providing valuable information to an audience eager to enhance their skills and knowledge.
You could write how-to guides, share best practices, and even offer product reviews relevant to scrum tools and software. By consistently posting unique and engaging content, you could grow your followers and monetize your blog through affiliate links, collaborations with brands, and speaking engagements.
Engaging with a passionate online community could not only boost your income but also help you become more influential in your field.
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 a Scrum Master, you could leverage your expertise by starting a YouTube channel focused on agile methodologies and Scrum practices. This can be a great way to share your knowledge with others and build a community of followers who are interested in improving their project management skills. By regularly posting content like tutorials, best practices, and real-world examples, you could attract a loyal audience.
In addition to helping others, your channel could generate income through ad revenue, sponsorships, and affiliate marketing. For instance, you could partner with software companies or promote project management tools that you already use. Though it requires consistent content creation and audience engagement, the rewards could include both financial gain and personal satisfaction.
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 ai based business solution ($55.8K/month)
As a Scrum Master, you could consider starting an AI-based business solution to supplement your income. Leveraging artificial intelligence to streamline business operations aligns well with your expertise in improving team efficiency and workflow. For example, AI tools can automate repetitive tasks, provide valuable customer insights, and predict market trends, which could significantly enhance business performance.
You don’t need to be a tech expert to get started—many platforms offer user-friendly interfaces and support systems. The demand for AI solutions is growing, and businesses are increasingly recognizing the competitive advantage they can gain. With your skills in project management and process optimization, you could effectively implement AI solutions that drive efficiency and innovation.
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.
7. Make passive income with a lead generation tool ($108K/month)
As a Scrum Master, you could leverage your experience in project management and agile methodologies to create a lead generation tool. This tool would help businesses identify and capture potential customer leads, allowing them to focus more on conversion rather than the time-consuming process of finding new clients. Your understanding of collaboration and teamwork could be invaluable in working with developers and marketers to build a tool that integrates seamlessly with websites, social media channels, and other digital platforms to collect valuable data like email addresses and phone numbers.
The demand for efficient lead generation is high, making this a promising venture. If you’re tech-savvy and have an interest in marketing, you could use your skills and industry knowledge to create a product that meets a real market need. By automating the process of capturing leads, your tool could become an essential asset for businesses looking to streamline their marketing efforts and grow their customer base.
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.
8. Make passive income with a mobile app ($70.3K/month)
As a scrum master, you could leverage your skills in project management and agile methodologies to create a successful mobile app. This venture doesn't require extensive technical knowledge; you could start with a clear vision and either learn basic coding or hire a skilled developer to bring your idea to life. Your expertise in organizing and facilitating workflows would be highly beneficial in planning the user experience, designing engaging interfaces, and ensuring the app is functional and bug-free.
Mobile apps offer significant possibilities for supplemental income, as they have become an integral part of everyday life, catering to a variety of user needs. You could create an app that addresses common pain points in your industry, offers productivity tools, or simply entertains. With effective marketing and a well-thought-out strategy, your app could gain traction and generate meaningful revenue over time. This could be a great way to capitalize on your existing skills while exploring new entrepreneurial opportunities.
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 social media automation business ($139K/month)
As a Scrum Master, you could leverage your project management skills to start a social media automation business. You already have the expertise in coordinating teams and managing workflows, which would be essential in developing or integrating software solutions to automate social media tasks.
In this business, you could create tools to schedule posts, automate interactions, and analyze data for various clients, ranging from small businesses to influencers. This means clients would pay you to handle these tasks, saving them time and improving their social media presence. With the growing need for consistent and effective social media engagement, this could be both a profitable and satisfying venture for someone with your background.
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.
10. Make passive income with an email marketing tool ($992K/month)
As a Scrum Master, you could harness your organizational and communication skills to create an email marketing tool that helps businesses streamline their email campaigns. By starting an email marketing service, you could address common pain points within teams by offering features that enhance coordination, track performance metrics, and automate repetitive tasks. This would not only provide consistent value to your clients but also position your tool as a trusted resource in the burgeoning $2.53 billion email marketing industry.
With your background in facilitating agile processes, you could offer unique insights to your tool's features, making it especially useful for startups and entrepreneurs looking to manage their marketing efforts efficiently. By developing and refining this tool, you could generate a stable passive income stream through subscription models, while providing a much-needed service in an ever-expanding market.
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.
11. Make passive income with a wordpress plugin business ($33.4K/month)
As a Scrum Master, you are already skilled in managing projects and working with development teams. These skills can be very useful if you decide to start a WordPress plugin business. By identifying common problems that website owners face, you could create plugins that provide solutions, helping others while generating passive income for yourself.
Creating a plugin that addresses a specific need not only differentiates your product in the marketplace but also ensures that your offering remains valuable. Platforms like CodeCanyon or even your own blog could be excellent places to sell your plugins. By leveraging your project management skills and understanding of user needs, you could establish a steady stream of passive income while continuing your career as a Scrum Master.
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.
12. Make passive income with an affiliate marketing business ($77.5K/month)
As a Scrum Master, you could leverage your in-depth knowledge of agile methodologies and technology tools to start an affiliate marketing business. By promoting products and services that relate to project management, software development, or even productivity tools, you could earn a commission on each sale made through your referral. Sharing your insights on these tools through blogs, social media, or a dedicated website could attract a relevant audience, increasing your chances of earning passive income.
To get started, you could research and find the right product or brand that resonates with your professional experience and interests. For instance, partnering with an eCommerce store or a manufacturer whose products cater to project management needs could be a practical approach. By sharing your professional insights and recommending these products, you not only help others in your field but also supplement your income effectively.
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.
13. Make passive income with a stock investing business ($30.3K/month)
As a Scrum Master, your organizational skills and strategic planning can translate well into starting a stock investing business. You could supplement your income by analyzing market trends and making informed decisions about buying and selling stocks, effectively leveraging your knack for guiding teams and managing projects to add value to your investments.
With your inherent ability to adapt and learn continuously, you could easily utilize educational resources and trading platforms to build your knowledge of the financial markets. Although it demands dedication and a sharp eye on market movements, the potential for high returns makes it a promising venture. If you enjoy strategy and are keen on making your money work for you over the long term, stock investing could be an exciting and profitable entrepreneurial journey.
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.
14. Make passive income with a real estate investment firm ($398K/month)
As a Scrum Master, you could supplement your income by starting a real estate investment firm. This venture involves buying, managing, and selling properties to make a profit. With your organizational and team management skills, you could effectively scout for lucrative real estate deals, oversee property renovations, and manage rentals or sales.
The real estate market offers significant profit potential. Homes, commercial buildings, and even vacant land can increase in value over time. Rental properties could generate a steady stream of income, providing financial stability and growth.
By leveraging your strategic planning abilities and an eye for valuable properties, you could find this entrepreneurial path both rewarding and profitable. Real estate investment requires diligent market research and financial acumen, but your expertise in managing processes and teams could set you up for success in this field.
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.
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.
