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Ask HN: What is your passive income 2019?

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Re: Ask HN: What is your passive income 2019?

#131

Post by akudha »

demadog wrote: post #33

Roughly $1,500 a month or so with a web hosting affiliate site - https://www.whatsthehost.com/ There's decent money to be made but a ton of competition, so for newbies I'd recommend easier niches to start!

Do you actually sign up for these services and test them out? Or is there some other way to legitimately compare them?

Asking because there are so many Amazon "affiliates" that just write reviews without ever trying the physical products. Not sure if this is the case with web hosting review sites though.

1500 is good amount, depending on the effort you put into it. Kudos!

Re: Ask HN: What is your passive income 2019?

#132

Post by awinder »

imroot wrote: post #125

I do microlending through Lending Club, own a Pawn shop (which is managed day-to-day by someone else), and own a Great Clips (Sounds silly, but, again, managed by someone else).

I’ve become increasingly curious about things like owning a ____ franchise (mostly from watching this fantastic location by my house go through a revolving door of poorly-run franchises and wondering “I bet you could make some money if you just ran the place right”). So this doesn’t sound silly to me in the slightest. But I am curious if you would indulge my curiosity, how’d you come to decision to pursue such investments and what’s it been like to own it?

Re: Ask HN: What is your passive income 2019?

#133

Post by quaquaqua1 »

tempsy wrote: post #77
etrautmann wrote: post #71

Earlier quoted context omitted.

only do this if you need the money If you need the money short term, then it shouldn't be invested in equities.

In theory I agree...but it's been a 10 year bull market and I would really not want to see any of my non-retirement or retirement accounts halved if I can help it. My amateur "macro" view is we're in for heavily volatile times in the next 5 years. I tend not to follow textbook personal financial advice shrug

I cashed out in September 2018 and I am most certainly not crying about missed profits :) That money is happily deployed elsewhere for better uses and the next time I have excess savings it will go into stocks when they're at the bottom of the market

Re: Ask HN: What is your passive income 2019?

#135

Post by treyfitty »

I’ve posted about it before, but since it’s being asked again:

It’s not “tech” and it’s refreshing to build something from scratch that’s very tangible. I want to walk away from data science and create something that allows me to open a store selling lifestyle products for men one day. To this end, I launched a men’s skincare line about 3 months ago (https://www.mendskin.co) which isn’t “successful” yet, but it’s my first experience selling physical goods and I think these things take time. Right now, I spend about 10 hours per week on Ads, customer service, and fulfillment. So, it’s kinda passive.

“Beauty products” (for lack of a better term) definitely require heavy capital, and it’s becoming hard to do everything by myself. All the individual things that need to be done aren’t hard- it’s just that there’s so much to do in order to deliver successful physical products.

But I enjoy it.

Re: Ask HN: What is your passive income 2019?

#136

Post by sjg007 »

mygo wrote: post #103
bonoboTP wrote: post #73

Followup question (if allowed). If your passive income involves software and you're also employed at a software company, how do you deal with the potential legal problems? Most contracts don't allow for commercial side projects and the company owns anything you create even outside of working hours. Do people just keep quiet and not tell their employer? How risky is it? I know some people who simply don't bother telli…

> Most contracts don't allow for commercial side projects and the company owns anything you create even outside of working hours. I never understood this. I have friends who were developers at a software company and afraid of doing anything after hours since they felt their company essentially owned them and anything they create, 24/7. I am not a lawyer, but I reckon unless you’re building and/or running your busines…

Use your own equipment on your own time and you'll be fine. When I was in University they made us sign a document saying they owned everything.. I was like what? I pay to attend this school, you don't own anything!

Re: Ask HN: What is your passive income 2019?

#137

Post by welanes »

pier25 wrote: post #112
welanes wrote: post #22

Not exactly passive, but side hustle that I hope becomes main hustle: https://simplescraper.io Tryna fill the gap that Kimono left. Aim to post as a Show HN once I polish it a little more.

FYI there's a typo in your home page... > We surveyed the landscape of complicted web scraping tools

I must have looked at that homepage over 1000 times and still didn't catch that! Thank you, fixed it.

Re: Ask HN: What is your passive income 2019?

#138

Post by smcameron »

jcmontx wrote: post #102
smcameron wrote: post #46

$25/month from Patreon for a very niche open source game. Not exactly passive, except that I was doing it already anyway, might as well have a Patreon for it. ( https://spacenerdsinspace.com )

Wow, how many hours have you put into building this? And you are doing it all for free? OSS developers are the carries of our civilization.

No idea how many hours, but coming up on 7 years in November. There's a long thread on freegamedev.net chronicling more or less the entire process. It starts off really simple and stupid, and then it just keeps going and going. https://forum.freegamedev.net/viewtopic.php?f=22&t=3710 I'm doing it for free because it's essentially my hobby project. It's fun.

Re: Ask HN: What is your passive income 2019?

#139

Post by imedadel »

zapstar wrote: post #104

I'm working on a website that calculates the unit prices on Amazon products. Hoping to help save people some money, since there are a surprising amount of times where buying in smaller quantities actually saves you money. The website is https://unitprice.org/browse if anyone is interested! It's still very much in its infancy, but I plan on doing a "Show HN" soon! Based on the last two weeks, I have only made about $1…

I thought Amazon does show you the unit prices?

Re: Ask HN: What is your passive income 2019?

#140

Post by geocrasher »

twobat wrote: post #79
geocrasher wrote: post #40

I have a website that attracts about 100 unique visitors a day and it brings me <$100/mo via Amazon Affiliate. Getting bigger than that requires a lot more traffic, which requires doing things like SEO research and marketing work which I'm generally too lazy to learn how to do.

For 3000 visitors/month Amazon pays $100? That seems quite a waste.

Not a waste. Last month I got 2800 uniques, 5300 views, and made about $50. The thing is, The blog is there anyway. It's truly passive income.
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