Earlier quoted context omitted.
What sort of traffic numbers do you get, and how do they discover you? This is the sort of thing that I believe can be easily duplicated. Not copied, but translated to different ideas. Generating traffic can be difficult, so the subject, plus actually useful content, is important.
In the last 30 days the site received 27,000 page views and 7,000 sessions. Organic search made up 80% of traffic. The concept of a curated list for XYZ can be translated for other ideas, sure. Getting traffic was part luck for me. At the time it was a low competition keyword but now there are a lot of similar sites up.
Ask HN: Passive Income Suggestions 2016
61–70 of 103 posts
Re: Ask HN: Passive Income Suggestions 2016
#62I recorded some tutorial/lesson videos on niche tech topics and put them on YouTube. Spent about 40 hours creating and editing the videos. They have been online now for nearly 10 months and i have a total of ~250k views. That made me nearly $300. Not a ton of money but considering it is truly passive and will probably be making another $500 in the next 10-15 months its acceptable.
Re: Ask HN: Passive Income Suggestions 2016
#63I recorded some tutorial/lesson videos on niche tech topics and put them on YouTube. Spent about 40 hours creating and editing the videos. They have been online now for nearly 10 months and i have a total of ~250k views. That made me nearly $300. Not a ton of money but considering it is truly passive and will probably be making another $500 in the next 10-15 months its acceptable.
Did you already have some experience creating/editing videos?
Re: Ask HN: Passive Income Suggestions 2016
#64I recorded some tutorial/lesson videos on niche tech topics and put them on YouTube. Spent about 40 hours creating and editing the videos. They have been online now for nearly 10 months and i have a total of ~250k views. That made me nearly $300. Not a ton of money but considering it is truly passive and will probably be making another $500 in the next 10-15 months its acceptable.
Did you already have some experience creating/editing videos?
Re: Ask HN: Passive Income Suggestions 2016
#65I recorded some tutorial/lesson videos on niche tech topics and put them on YouTube. Spent about 40 hours creating and editing the videos. They have been online now for nearly 10 months and i have a total of ~250k views. That made me nearly $300. Not a ton of money but considering it is truly passive and will probably be making another $500 in the next 10-15 months its acceptable.
Couldn't you monetize better with some niche related affiliate products?
Re: Ask HN: Passive Income Suggestions 2016
#66Once I acquired the property (no easy feat since sellers favor cash buyers here in NYC), I waited a few months and refinanced out of the FHA into a traditional loan, since my property went up in value. The 15% I put into it, plus the equity, gave me the 20% figure I needed to refinance. That shaved 25% off my total monthly cost, saving me $900 a month.
I have a tenant in one unit, and now I pay less for a duplex with a backyard and land in the second most expensive city in America, than my neighbors pay for a 1 bedroom apartment. Soon I plan to fix up one floor of the duplex and AirBNB it, so I will have literally 0 monthly housing expenses.
Passive? Mostly! But I also have a tax shelter (mortgage interest for one part, and repairs for another part), build equity and go long on a hard asset. And I pay less for a whole house including taxes than my buddies who bought condos do for single apartments.
The passive income will scale with inflation since it's rent, while the mortgage will stay flat for 30 years.
Re: Ask HN: Passive Income Suggestions 2016
#67Earlier quoted context omitted.
In other words it just takes 1 bad loan out of 20 to wipe out all the profits. Odds at vegas seems 150% better.
Historically people have made money on Lending Club, and lost it in Vegas. I'll stick with Lending Club.
Re: Ask HN: Passive Income Suggestions 2016
#68Earlier quoted context omitted.
Careful though, you can quickly be picking up pennies in front of a steamroller. It's a low amount of interest for unsecured debt and when you don't get the principal back that 5-7% suddenly seems not so high. And "automated diversified portfolios" is exactly what mortgage backed securities were a decade ago. Look how that turned out.
For me risking no more than $25 ( the minimum ) on AA rated borrowers ( the best ) was a decent risk/reward.
Re: Ask HN: Passive Income Suggestions 2016
#69If someone wants to beat Stripe Atlas to the LLC formation game, I'll be their first customer.
I'm confused. There are plenty of services (LegalZoom) that allow you to form a Delaware corp/llc now. What exactly does Atlas offer that's new? Is it just a focus on non-US citizens?
Re: Ask HN: Passive Income Suggestions 2016
#70Bought a multi-family house in a hot housing market using an FHA loan. Yeah, you do have to intend to live in it. But FHA will make it possible to purchase a 2,3 or 4 family rental property with little down (as low as 3.5% but really depending on loan limits, which vary by county, here it's about 800k,1m,1.2m respectively). Once I acquired the property (no easy feat since sellers favor cash buyers here in NYC), I wai…