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Ask HN: Your best passive income sources?

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221–230 of 235 posts

Re: Ask HN: Your best passive income sources?

#222

Not 100% passive, but fantasy sports has been a nice side income for me this year. I used to play a lot for almost nothing, but then found daily fantasy games (pick a new team every game day, play against other people) and have made a decent return on my investment. I play on fanduel.com almost exclusively. If you have any questions or want some help getting started, send me an email (in profile). My referral link if…

Scumbag.

Re: Ask HN: Your best passive income sources?

#223
post #62

I'm about to write a book on precisely this topic. I have been looking hard at addressing this issue over the past 10 years so that I can focus on what's important (Startups!). And I believe that I have finally found the best passive income source, given the limitations that people like ourselves are working with. I'm still in the process of experimenting with my method to see how far I can take it, but the basics of…

I always question people who write books, produce DVDs, hold seminars or sell any kind of knowledge concerning how to get rich or make extra money. If you or any of these people are so good and know all these 'secrets' to success and money - Why don't you just get rich off of it and retire? why would you let everyone know you secrets? Won't this just crowd your space? Why do you need to sell this product to make mone…

It's good to be skeptical. I have seen people get fleeced by get rich quick schemes, and have concentrated on not being one of those victims.

Just to be clear - the strategy I'm proposing is NOT a get rich quick scheme. It's "create a passive income stream", with the focus on "passive". The definition of passive income is simply "I don't have to work for this money."

There are several reasons why I'm writing a book. 1. because it's not a simple strategy - it requires explanation and details. 2. I know that a lot of people here would be looking for the same solution that I have found, and they shouldn't have to go through 10 years of exploration and experimentation to find it, like I did. 3. My knowledge and time is worth money. People who recognise that are willing to pay money to access it.

But the key reason why someone like yourself might pay someone like me money to learn from my book is the same reason that I have done the same for others. Without paying for that knowledge, I would not have this opportunity to earn passive income.

Re: Ask HN: Your best passive income sources?

#224
post #158

Earlier quoted context omitted.

Holy crap yes. My wife works in the wedding industry, and being able to manage the music for your entire wedding is worth way more than $5. A DJ will cost something like 50 - 100x that.

Got married last year. $1200 for the DJ.

Could you explain to me how a DJ is worth that much compared to hitting random or play on a playlist on your MP3 player?

Re: Ask HN: Your best passive income sources?

#226
SignInStyle.com

Launched in 2007 as a free service, got covered in CNBC India. Got loads of requests overnight so had to make it paid afterwards.

Around USD 2-3k income without doing lot of efforts.

It is one of the most unique ideas you can ever come across. Requires no paid marketing. You get extremely happy when Olympians, photographers use signatures designed by you on their websites and photographs as autographs.

Highly gratifying passive income.

Re: Ask HN: Your best passive income sources?

#227
post #101

Real estate. (Ok, not 100% passive, but what is?) You can buy a duplex for not much more than a single family house in many US cities and, thanks to the low interest rates for an owner-occupied mortgage, rent out half and live for free. Unlike tech, you will not have a giant windfall with real estate; but also unlike tech, it's very easy to price your product, find customers, and figure out what your cashflow will be…

A word of caution: unless you have the personal skills to deal with tenants, do not make the mistake of thinking that real estate is passive income. Like any earning occupation, landlording takes attention to detail, the ability not to procrastinate, and people skills. Unlike most occupations, landlording will bring you into contact with some of the worst people the planet has to offer, under what has to be the worst…

1. Price slightly under market. (You can always raise it later.)

2. Do a thorough background check. (Wait for a quality tenant.)

3. Make repairs asap.

4. Be firm, fair and friendly.

These things can eliminate 80% of the problems landlords have.

Re: Ask HN: Your best passive income sources?

#229
post #224
post #158

Earlier quoted context omitted.

Got married last year. $1200 for the DJ.

Could you explain to me how a DJ is worth that much compared to hitting random or play on a playlist on your MP3 player?

Ask the wife :)

But a DJ is more than the money; they control the tempo/crowd for the other things like garter toss, cake, parent/child dances.

I could ask why a developer in California is soo much more than a developer overseas - and they answer would also be they are kind of a like, but you get what you pay for.

Re: Ask HN: Your best passive income sources?

#230
I make about $80-100 per month in Adsense from a 'scratch your own itch' website I made to help calculate battle outcomes in a game. Did it over a weekend. I don't actually play the game anymore, was taking up too much of my life. Working on a new version though as the code is a shambles and it isn't responsive and most visitors come from iOS, I didn't know much about JavaScript or responsive design at the time I wrote it so a horror show underneath. http://battlecalc.net
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