Saturday, October 23, 2021

4034. My Posts in Linked In. Post No. 1. passive income in stock photos

 Post 1. 20 Oct 2021: Advices for young people - create, not consume

I am Dr Sing Kong Yuen, 71 years old semi-retired veterinarian from Singapore. The Covid-19 pandemic has adversely affect job security and has caused business failures and losses. In this uncertain future, I write this post in LinkedIn to advise YOUNG people to create things rather than consume by spending hours watching soap operas online during their free time.

One way is to earn PASSIVE INCOME ONLINE - making and then selling stock photos.

Rather than preaching, I show what I did during the past 12 months of Covid-19 lockdowns and curbs. I submit photographs to www.shutterstock.com. I am amateur photographer, hence more than 80% of my photos have had been rejected as they were not up to standard! I am still doing more research on how to create best quality stock photos.

The above Oriental Common Mime butterfly image was accepted by Shutterstock. That is the FIRST step to display my creations to a global market, without me having to pay shutterstock any money via subscription or membership fee. How I took this image is shared on my blog: https://2010vets.blogspot.com/2021/10/4024-butterfly-in-yio-chu-kang-crescent.html

Presently, I sold 486 images for US$131.00. I get US$0.27 per image. Many readers, esp. accountants and high fliers will say this is not worth their time. I agree, but I am trying to motivate the average young person who does not earn high income or who cannot network a lot.

The low revenue is due to a start-up business. I have to stock good quality photos that the world, not just Singaporeans want. This will take time. I am acquiring useful digital imaging skills through being hands-on. These skills are useful for my veterinary case studies and family photography too.

In conclusion, there are different ways to earn passive income online. It will be hard work and very competitive - Shutterstock has more than 380 million images as of June 30, 2021. However, you will acquire skills like good writing and creating good graphic designs.

I hope this post will motivate one of the young people to create, not consume. Please email me if you wish to know more about Shutterstock. Good luck.

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