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Ask HN: How much recurring income do you generate and from what?

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Re: Ask HN: How much recurring income do you generate and from what?

#201
post #188

Monthly ~4-5k USD from Adsense through my Android Apps, and couple of hundred from in app sales for removing ads. I made my apps just to learn about Android initially. I did not know it would be a big hit. So, I just kept on adding features as per popular demand.

did you initially launch the app with ads? does the ad hurt the user experience?

Yes i added ads initially. But I always made sure they did not compromise with user experience. The ad revenue was not significant initially. It has grown steadily over couple of years as the user base has increased.

Re: Ask HN: How much recurring income do you generate and from what?

#202

Just wanted to add a note: Most people who aren't making anything won't be posting, so results will be drastically skewed. So for anyone here getting discourage because they think their a minority - think otherwise (And then get back to work on trying to get your own setup ;))

I wonder if it skews both ways. I tend not to post on these threads because a.) they come up so frequently and b.) it sometimes files like it's just bragging to keep telling everybody that my business stuff is successful.

I definitely agree on not getting discouraged. It's not in any way as hard as you think it is before trying. And you get better at it the more times you try.

My history of products looks like:

  - Hey, I built this cool piece of technology.  Maybe I should try to turn it into a product.  
    (... but never finished it) (X3)

  - Hey, Google Maps is cool and I like travelling.  Maybe I should launch a Travel Blog host.
    (... without any fathomable way to monetize it)

  - Hey, look at this cool one-day hack that got tons of Reddit love.
    We should totally start a company!
    (... with a flaky co-founder who never got around to doing any of the "business" stuff 
     before bailing for the next shiny thing)

  - Hey, I bet you could transform Amazon's cloud storage logs into CLF and
    feed them into Webalizer.  I should totally sell this for like $1/month!
    (... which actually turned out to be a good idea, but for $10-$300/month)
After all that, I expect my next product will be something with some form of actual market of people willing to pay money for it before diving in to the IDE. But then you never know...

Re: Ask HN: How much recurring income do you generate and from what?

#203

Earlier quoted context omitted.

Rule of thumb is that the monthly rent should be at least 1% of the purchase price. More specific ROI calculations are good, but people typically forget a lot of expenses (repairs, vacancy, time spent managing, etc) and end up calculating an unrealistic ROI. After accounting for all that stuff, at least 8% cash-on-cash, plus more in debt repayment.

First of all, I know very little about RE. However, this seems quite high, no? Is this for a property you need to do some redevelopment on yourself (i.e. put in a new kitchen and/or bathroom, and do some painting), or for something that is in an acceptable state to rent out?

It is a high number, but it's also just a rule of thumb. You can find a lot of debate about "the 1% rule" if you look.

Re: Ask HN: How much recurring income do you generate and from what?

#205

Around $2k / month from real estate rentals after expenses. It'd be a little less if I hired a property manager to make it fully passive, but I actually enjoy doing the property management myself as it gets me away from the computer and exposes me to things I would never otherwise be involved with.

How much would you make if you hired a property manager?

That'd probably shave off $200-300 / month

Re: Ask HN: How much recurring income do you generate and from what?

#206

One day, I saw opportunity. I called in sick from work the next day (because I just couldn't wait for the weekend!) and hacked out an Android app. Net result after several years: $50,000 in revenue. The way it happened is that I was already working on my Iridium Flares app, when one day I saw a certain new app launched. I knew I could do it better and I already had some useful code from another project, so I called i…

https://pizzacharts.com doesn't work for me (get an SSL connection error) and my ISP (Virgin Media in UK) blocks http://pizzacharts.com

Re: Ask HN: How much recurring income do you generate and from what?

#207
post #188

Monthly ~4-5k USD from Adsense through my Android Apps, and couple of hundred from in app sales for removing ads. I made my apps just to learn about Android initially. I did not know it would be a big hit. So, I just kept on adding features as per popular demand.

Which apps did you make?

Most of my revenue is from an app called Hindu Calendar. It has loads of features now relating to traditional Indian calendar, and festivals of India. [Edit]: See https://play.google.com/store/apps/developer?id=Alok+Mandavg...

Re: Ask HN: How much recurring income do you generate and from what?

#208

I ran shopebike.com, a dropship of electric bikes and soon electric scooters. I provide customer supports via email and sometimes over the phone. It has generated around $8000 a year so far, mostly in the warmer months. I tried google ads words in the past, but the cost was too much so I dropped it in the beginning of the year. Maybe I wasn't doing it correctly, but it was almost no conversions.

This is really interesting. I have read a lot of articles about dropshipping being extremely hard to get right. Just out of curiosity, how much time on average did you put into marketing/seo in order to start generating income? Do you also blog about electric bikes?

Re: Ask HN: How much recurring income do you generate and from what?

#210
post #93

Earlier quoted context omitted.

People on H1B, like me, simply can't. It is ilegal to have any income coming anywhere else other than the employer associated to the H1B... It is ilegal to even make money on ads on a blog... this completely sucks and is very frustrating.

People on an H1B can own a non-US business that does not make US-source income. The tricky bit is that there are two major considerations to avoid having the business' income sourced to the US: (1) permanent establishment, and (2) the IRC 861-863 income sourcing rules. Without going into much detail, permanent establishment generally defines when a business is treated as operating in a country. The specific condition…

Thank you! The "ads on a blog" was just the most trivial example. The rule applies to any side project as an attempt to make extra $
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