Ask HN: What are the some passive income strategies you do beside your IT job?
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Re: Ask HN: What are the some passive income strategies you do beside your IT job?
#2Re: Ask HN: What are the some passive income strategies you do beside your IT job?
#3Re: Ask HN: What are the some passive income strategies you do beside your IT job?
#4Not as passive:
Amazon FBA: Run a side business selling products on Amazon. I have hired 1 part time employee now that works tasks I have outlined during the week. I work 1 to 1.5 days per week organizing the warehouse and custom orders. In the green after 3 years. It's also fun for me.
Re: Ask HN: What are the some passive income strategies you do beside your IT job?
#5Re: Ask HN: What are the some passive income strategies you do beside your IT job?
#6Are Amazon FBA or drop shipping still passive? Both of those still require significant time dealing with exceptions.
Or stuff like ad revenue from apps or sales of books. Maybe passive now, but probably took quite some effort getting to there. It may be passive if the long tail is much bigger than the initial investment, but for most people I guess it's not.
Re: Ask HN: What are the some passive income strategies you do beside your IT job?
#7Mostly Passive: Real estate rental Not as passive: Amazon FBA: Run a side business selling products on Amazon. I have hired 1 part time employee now that works tasks I have outlined during the week. I work 1 to 1.5 days per week organizing the warehouse and custom orders. In the green after 3 years. It's also fun for me.
Re: Ask HN: What are the some passive income strategies you do beside your IT job?
#8Mostly Passive: Real estate rental Not as passive: Amazon FBA: Run a side business selling products on Amazon. I have hired 1 part time employee now that works tasks I have outlined during the week. I work 1 to 1.5 days per week organizing the warehouse and custom orders. In the green after 3 years. It's also fun for me.
Re: Ask HN: What are the some passive income strategies you do beside your IT job?
#9Airbnb
Re: Ask HN: What are the some passive income strategies you do beside your IT job?
#10Are Amazon FBA or drop shipping still passive? Both of those still require significant time dealing with exceptions.
There's some grey/in between area though, real estate can be passive (1 unit with long term tenants) or a full time job (multiple properties, distressed properties in need of significant repairs, or something like AirBnB - unless you've got employees doing all the work). Same with stuff like writing, if the effort is already done and you just sit back and collect ad revenue or referrals, that's passive. If you're actively writing blog posts regularly, its not passive.
As far as the FBA case, if you've hired someone to do all the finding deals, packing and shipping, it is pretty much passive; if you've got a white label product and you've set up your suppliers to ship regular shipments from China direct to Amazon's warehouse, its probably pretty passive at that point.