$100 per month from my Android apps. I have three apps out, and only one is generating most of the money.
$0 from http://favoriteof.com - Site about recommendations by noteworthy people. Currently focusing on books!
Ask HN: How much recurring income do you generate and from what?
221–230 of 344 posts
Re: Ask HN: How much recurring income do you generate and from what?
#222Solar Panels. I've 4kWp systems on 2 properties in southern England. Making about £3k/year with them. The money comes from the Government and is guaranteed for 20 years. First 8 years will be enough to pay off the cost of installation. Money is tax free, but does depend on the weather (and components breaking).
Lots of details at https://shkspr.mobi/blog/solar-graphing-faq/
I run a silly little Amazon (UK) referral tumblr - http://fiverfun.tumblr.com Makes about £100 / month - which is enough to keep me in cheap electronics :-)
Tried adverts & paid apps, only ever made ~£10/month.
I rent out a couple of properties - that's ~£1,600/month (before tax, mortgage payments, new carpets, fees, more fee, insurance, more tax, etc).
The key to all of them is to find things that take as little effort as possible. The panels need checking every quarter, the tumblr is a few minutes in the evening, the properties are handled by professional agents. All that leaves me time to work for a living :-)
Re: Ask HN: How much recurring income do you generate and from what?
#223Earlier 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.
wow... that rule of thumb makes it virtually impossible to buy-to-let in my neighbourhood. a "Cheap" 2-bed apartment is £150,000 and MAX rent for that kind of place here would peg somewhere about £600, but definitely nowhere near £1500. Even at a liquidation auction or lowballing a desperate seller, there's no way to buy anything habitable for under 60K
I do BTL in the UK. For our market, look at 1% of the mortgage. So, if you put down a 50% deposit on a £150k place, you'd want rent of £750.
Actually, it depends very much on your circumstances, attitude to risk, how much you're happy to pay in agency fees etc.
Also, in the UK, we don't tend to have 30 year mortgages, which makes predicting a stable price very tricky.
The UK also has vastly different tax rates - and a changing rental culture - which may also affect the price you want to charge.
Re: Ask HN: How much recurring income do you generate and from what?
#224Earlier quoted context omitted.
Do you have a normal full-time job also? I sold my rental property partly because it was taking up too much time on top of mine.
I have some properties while working a full-time job. If I didn't have a manager, I wouldn't have the time for them, full stop. Sure, hiring someone will eat into your margins. But it's worth it unless you're willing to make real estate your full-time gig. I tried to do it without help once, for about half a year or so. It was painful.
That's about what I figured. Mine didn't take up all that much time in the absolute sense, the trouble is that most of the time spent was for meeting repair people and the like, which mostly had to be during business hours. Doing that more than once in a while tends to get tough with a full-time job, especially considering the other personal tasks you'll need to do during business hours sometimes.
Re: Ask HN: How much recurring income do you generate and from what?
#225About $9000/month. I would say I am very good at what I do, but I am sick and cant be bothered to do business stuff. My nearest competitor just raised $10M. I do comparable stuff, but I am single person.
So I found business guy (marketing cofounder) who takes care of everything and pays me flat fee. I live on tropical island and work in average 2 hours a day.
Next year I will be probably better, so I am going to scale up the business (and income) little bit.
Re: Ask HN: How much recurring income do you generate and from what?
#226Conferencebadge.com(+Leanticket.com) started in January 2013, generates ~$36k / month and growing. Interesting to note we were reject after interviewing in SF for YC S2013. We are a team of four working on this. Mostly part time, customer support, fulfilment with partners. The money from this enables us to focus most of our time on a newly not announced projet, which we plan to launch in spring 2015. We plan to apply…
Really neat idea and well designed. Excited for the upcoming project. Where can we sign up for updates?
Follow us on Twitter: @plehoux, @etienneLem, @rafBM and @_tristan
Re: Ask HN: How much recurring income do you generate and from what?
#227One 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…
Call me old fashioned, but I'm not sure it's a great idea to advertise the fact that you wrote your app on company time.
This.
Re: Ask HN: How much recurring income do you generate and from what?
#228One 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…
Call me old fashioned, but I'm not sure it's a great idea to advertise the fact that you wrote your app on company time.
He didn't, he was on a sick day. Dishonest about being sick, but still not on company time. And more and more companies just lump sick time and vacation into one pool of "paid time off" so it doesn't really matter what you call it.
Edit: in fact, we don't even know that his company pays him at all if he's on a sick day. Many jobs don't, e.g. if you are paid hourly.
Re: Ask HN: How much recurring income do you generate and from what?
#229I sell math books and courses at http://betterexplained.com and on Amazon. It's about 3k/m currently, hoping to improve that with better landing pages, a/b testing, retargeting, drip campaigns, etc. [the patio11 playbook].
More details on how I got started here: https://news.ycombinator.com/item?id=870015
Re: Ask HN: How much recurring income do you generate and from what?
#230I 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?
The article is probably correct. I had access to the manufacturer on this one.
I haven't done much advertising this year. Most of my traffic comes directly from the manufacturer's site.
I don't blog directly but I am actively looking and linking to other blogs/article about our e-bikes.