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Ask HN: What are the some passive income strategies you do beside your IT job?

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Re: Ask HN: What are the some passive income strategies you do beside your IT job?

#31

Post by ghaff »

slavoingilizov wrote: post #20
graton wrote: post #3

Low cost S&P 500 Index fund. Very passive :)

And very capital-intensive. Most people would benefit more from passive but labour-intensive ideas.

If they're "labour-intensive" that's pretty much the definition of not passive. I suppose it's possible that you could invest significant effort into setting up an Amazon affiliates site or write a book or whatever and just let it run but most people aren't going to have a lot of luck with that. Generally speaking, passive investments require investing capital and then collecting returns from that capital.

Re: Ask HN: What are the some passive income strategies you do beside your IT job?

#32

Post by nfin »

danellis wrote: post #17
anon_mouse wrote: post #15

Nobody is gonna just dump their secrets into something like this :D But.. in case people don't mind. How feasible is it to make passive income by having a blog? I mean by having advertisements or amazon click-thru links.. is it worth the time to set up and use a blog to generate passive income?

That's not passive. You have to keep writing content to keep people coming back.

not very passive, but in some cases blog posts can be popular for years and therefor generate revenue for years (but not in many fields/topics)

-> kind of passive in the long run

Re: Ask HN: What are the some passive income strategies you do beside your IT job?

#33

Post by mfoy_ »

laktek wrote: post #14

Can someone explain how they are using Amazon FBA? I generate some passive income from (by spending 1-2 hours a week): - stock & cryptocurrency picking - Calls with industry research firms - Earn.com

How are any of those passive?

Re: Ask HN: What are the some passive income strategies you do beside your IT job?

#35

Post by calabin »

raitom wrote: post #28

I made an app a year ago. I did it in an afternoon with 0 experience in mobile apps, using Rails + turbolinks ios & Android. It's really crappy but it generates $150/month. Not bad for the time invested.

Care to share what the app is?

Re: Ask HN: What are the some passive income strategies you do beside your IT job?

#37

Post by sebringj »

I would say its easier to be focused than general for the small timer. I made a niche ERP integration with an app, then sold it for 150/monthly to 20+ customers. I've done other things like building a plugable CMS and making components but that focused approach I first mentioned was easy money compared to those.

Re: Ask HN: What are the some passive income strategies you do beside your IT job?

#38

Post by actsasbuffoon »

kangnkodos wrote: post #19
graton wrote: post #3

Low cost S&P 500 Index fund. Very passive :)

Almost the same thing... the ETF with the ticker SPY. When I researched this years ago, I concluded the costs were less expensive than any S&P 500 mutual find I could find. Not sure if that's still true or not.

You can also invest directly into an index fund rather than going through an ETF. Depending on your situation, both have pros/cons.

Many companies offer index funds, though Vanguard's seem particularly popular (possibly because they invented index funds, IIRC).

Re: Ask HN: What are the some passive income strategies you do beside your IT job?

#39

Post by mbo1992 »

fenwick67 wrote: post #8
ejo4041 wrote: post #4

Mostly Passive: Real estate rental Not as passive: Amazon FBA: Run a side business selling products on Amazon. I have hired 1 part time employee now that works tasks I have outlined during the week. I work 1 to 1.5 days per week organizing the warehouse and custom orders. In the green after 3 years. It's also fun for me.

Do you sell products you're making, or are you buying and selling?

Probably buying and selling. There was a Planet Money episode on this, an entire industry of people who just buy things from Toys 'R Us (and other retailers without a significant online presence, esp on Amazon), and selling it on Amazon.
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