Software developers are talented individuals who often have a knack for creating innovative ideas and building effective tools.
In recent years, their work has been found to be in high demand and paid very well with all the opportunities taking place for hiring that many software engineers are already convinced.
But what if there will be a person that could regularly replace your job position as a developer? What if you were able to reap the benefits while doing none of the work?
In this article, we'll show you the top 8 assets that can bring in some extra income on top of your full-time job as a software engineer.
1. Websites
The best asset for software developers to earn money is websites. Websites can be used to generate leads, market services, and sell products. There are many different types of websites that can be used for earning money, so it is important to find the right one for the specific needs of the developer.
Some popular sources of income through website development include online advertising, affiliate marketing, and online royalties. Each method has its own set of benefits and challenges, but all three can be extremely lucrative if done correctly.
2. Developing Mobile Apps
Mobile apps are the future and developers who know how to make them work well are in high demand. There are a number of different ways for developers to earn money from mobile apps, but some of the best assets to have are in coding, design, and marketing.
Coding is one of the most important skills for mobile developers. Knowing how to code means that you can create your own apps, or modify existing ones. However, not all developers are able to code effectively. If you don’t have coding experience, there are plenty of resources available to help you learn.
3. Blog
If you're a software developer, you know that earning a consistent income is essential to maintaining your lifestyle. Luckily, there are many different ways to make money as a developer, and some of the best assets you have are your skills and your blog. And not just any blog; a blog that focuses on making money as a software developer.
On your blog you can earn money using the following ways:
- Sponsorships: Sponsoring an event, speaking at a conference, or participating in an online course can be a great way to connect with potential clients and ambassadors.
- Ad Sales: Ads can be placed in your blog posts
- Sell Course
4. Social Media Audience
One crucial asset for software developers to build is a strong online following. According to recent studies, managers say that having a large social media following is important when considering candidates. Not only will this followership give you credibility with potential employers, but it can also help attract attention from customers and partners who may be interested in your work.
One way to improve your online presence is to actively engage with your followers. You can do this by using social media platforms to share information about your latest projects or blog posts, as well as providing valuable insights into the software development industry. Additionally, make sure to regularly post images and videos that illustrate your points clearly.
Once you have a solid online following, it’s important to cultivate relationships with others in the software development community. This can be done by attending industry events and participating in online discussions related to your expertise. Building relationships with other professionals can also prove valuable when seeking opportunities.
5. Stocks
There are a lot of benefits to owning stock in a company, including the potential to make money if the company performs well.
One of the big factors that can affect a company's performance is the stock price. If the stock prices go up, investors will make more money and the developer may also see their share of the profits increase. However, if the stock prices go down, then the developer will lose money.
6. Books
One great way to make money as a software developer is to write books. While it’s not the only way, books offer a good way for developers to supplement their income with writing. Also, considering how popular programming books are, writing and selling them can be a lucrative endeavor.
There are many different ways to approach writing a book. One option is to write a comprehensive guide on a particular topic and sell it through publishers. Alternatively, you could write a book that focuses on a specific approach to making software development more productive. Whichever route you choose, make sure you do your research and have a clear plan for promoting and selling your book.
7. Digital Files
Software developers can make money by providing digital files such as tutorials, PDFs, and software. These digital files can be sold through websites like eBay or Amazon. In some cases, developers can also charge for consultations or software development services.
8. NFTs
NFTs are digital tokens that use blockchain technology to ensure they are unique and cannot be copied or spent multiple times. This makes them perfect assets for developers, as they can use them to represent ownership of assets or services.
There are a number of ways in which NFTs can be used by developers. For example, they can be used to reward users for submitting beta feedback or helping to improve an application. Additionally, NFTs can be used to pay for services or goods rendered by developers.