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Ask HN: What is the best income stream you have created till date?

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Re: Ask HN: What is the best income stream you have created till date?

#261

Post by oefnak »

powvans wrote: post #63

When I was in college I sold discarded text books on half.com. This isn’t my best income stream, but in many ways it was my favorite. After the Spring 2000 semester, I noticed that the bookstores had junk book bins. Students would dump into the bins any books that the bookstore would not buy back. Anyone was welcome to rummage through the bin and if they found something interesting they could keep it. The bookstores…

Yes, take the free books meant for poor students and sell them! (It's smart, but I think it is morally wrong.)

Re: Ask HN: What is the best income stream you have created till date?

#262

Post by jxramos »

powvans wrote: post #63

When I was in college I sold discarded text books on half.com. This isn’t my best income stream, but in many ways it was my favorite. After the Spring 2000 semester, I noticed that the bookstores had junk book bins. Students would dump into the bins any books that the bookstore would not buy back. Anyone was welcome to rummage through the bin and if they found something interesting they could keep it. The bookstores…

that's interesting, so different locales around the world would operate on different editions. So in the locale you picked up where the old editions were useless they found a home elsewhere in the world. Cool stuff.

Re: Ask HN: What is the best income stream you have created till date?

#263

Post by xxEightyxx »

EFreethought wrote: post #205
xxEightyxx wrote: post #182

I actually have a few: 1) Board member (advisor really) of a crypto/blockchain company. They pay me $5k per month to basically answer questions and help solve certain issues that might arise. There's also regular meetings but all in I spend 4 hours per week max. 2) Small contractor jobs. I was a contractor and home builder in a previous life. These days, I do side jobs both for the extra income and as a way to relax…

WRT #1: How does one get a board position for roughly $1k/hour?

A fair bit of luck really. Met the CEO at a specific crypto-development conference back in 2016 and we hit off and he gave me an offer right then and there. Initially, had to prove my worth for the first 2 years and when my full-time work and other life events started getting in the way I gave him my two weeks notice and he countered with more money and less day-to-day work so long as he could keep me on "retainer" which he did by creating a board and placing me on it. There's a few other folks on the board which I'm quite certain earn more than I do because they're former Googlers/Apple employees and I have never worked for a FAANG company. Company has taken a big hit over the last 1.5 years due to the poor performance of cryptos recently and waning interest from our existing and potential client base.

Re: Ask HN: What is the best income stream you have created till date?

#264

Post by gualang »

leohart wrote: post #192
gualang wrote: post #169

Suing lawyers as side income. we all know most lawyers are scummy using all sorts of deceit to gain advantage. However in the increasing documented world, it is a matter of digging(using text search) to find fault with the offending lawyer's deceit and then file a DIY action in court. I am involved in estate litigation since 2016 where I discovered collusion by many lawyers with the estate administrator to defraud th…

Can you elaborate more how such fraud happens? Also, how would you even get access to court record for these estates? Would these records not be private to the party at hand?

Fraud happens when someone does something dishonest to gain unlawful enrichment mostly by fraudulent misrepresentation. The administrator may embezzle and hide the accounts for example, then the scum lawyer try to dissipate all assets in dishonest assistance when exposed the lawyer and administrator had corruptly abused their position of trust. As beneficiary we can file suit for accounting of the estate. Non accounting usually a big red flag. (applies to most countries) - disclaimer - I am not a lawyer. Comments here not legal advice to be taken in any form or shape. YMMV.

Re: Ask HN: What is the best income stream you have created till date?

#265

Post by spaceman_2020 »

ilrwbwrkhv wrote: post #164
spaceman_2020 wrote: post #95

Earlier quoted context omitted.

Amazing! Care to elaborate more?

I won't give away the exact niches but they are in the universal, evergreen problems: wealth, health and love. I charge really high around $300 per month. That way you cut through the b.s. and it is clear you are delivering value or not. Also helps with the marketing as I can get more per customer than I spend on acquiring them. Usually saas businesses all seem to charge really low like $10 / month for some reason. T…

Thanks for sharing. Seems like you've found your product-market fit!

I do agree that many SaaS services are underpriced (and many overpriced). SaaS entrepreneurs should take a bit more risk and try pricing their products at the higher end - even if its for an experimental duration.

Re: Ask HN: What is the best income stream you have created till date?

#267

Post by langsoul-com »

gualang wrote: post #169

Suing lawyers as side income. we all know most lawyers are scummy using all sorts of deceit to gain advantage. However in the increasing documented world, it is a matter of digging(using text search) to find fault with the offending lawyer's deceit and then file a DIY action in court. I am involved in estate litigation since 2016 where I discovered collusion by many lawyers with the estate administrator to defraud th…

How much time per week do you spend on that?

It doesn't really seem like a side thing to my I don't know the law eyes.

Re: Ask HN: What is the best income stream you have created till date?

#268

Post by c1c2c3 »

Not my highest paying role but I write material related to Computer Science. I've written chapters of books, online revision material, online CPD courses etc. So far it is all related to Computer Science education - the books are school textbooks, some CPD is aimed at trainee (or pre-trainee) teachers, whilst other bits are aimed at existing teachers to help upskill them. Most of the work is for well known publishers/training providers etc on a freelance basis.

I enjoy the work. I'd love to start writing/creating CPD etc for other audiences but need to figure out how.

Re: Ask HN: What is the best income stream you have created till date?

#269

Post by sph »

Mushhh wrote: post #16

My partner and I created a very successful business in the UK out of selling mushroom grow kits and microscopy spores. We didn’t think there would be any market here because there weren’t any UK shops doing it. Then a couple of years later it took off and growing mushrooms became cool. In this time we learned how to run a webshop and navigate an industry where every payment processor dropped us - to the point where w…

Ah, for a second there I thought psilocybin mushrooms were legal in UK (as they are/were in NL) and I would have really wanted to buy one of your kits. Maybe if the laws change feel free to let us know ;)

Re: Ask HN: What is the best income stream you have created till date?

#270

Post by key_stroker »

asicsp wrote: post #178

Left my job in 2014. Tried a few things that didn't succeed before selling programming ebooks came to my rescue (2018). From the danger of draining out my savings completely, I'm now earning more than double my needs (which isn't really that much for my modest lifestyle, living alone in a developing nation - $150/month). What's more, my ebooks are all free to read online. Only PDF/EPUB are sold, and I've always given…

Currently reading computing from the commandline, want to use it as a teaching aid in a series of videos.
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