Live data from Hacker News

Ask HN: What was your best passive income in 2015?

news.ycombinator.com

61–70 of 124 posts

Re: Ask HN: What was your best passive income in 2015?

#61
post #2

My watch company. Started it in September and started selling before the watches were made. They're still in production and will be finished soon. Wouldn't maybe call it "passive income", but the sales keep coming through WOM. ( http://gardannewatches.com )

Those watches look very nice! Is it possible to get the white compass with a black leather strap?

Thanks a lot! It won't be able at first, but probably in March/April :)

Re: Ask HN: What was your best passive income in 2015?

#62
post #2

My watch company. Started it in September and started selling before the watches were made. They're still in production and will be finished soon. Wouldn't maybe call it "passive income", but the sales keep coming through WOM. ( http://gardannewatches.com )

I would echo the same sentiments as others. The watch design looks great, however, it does look like a photoshop render than an actual watch. If this was not posted on HN, I would have immediately ignored it as a scam. Have you shipped the watch to any customers?

Totally understand. It's hard to make people trust you before you have the real pics of the watch. But they'll be finished soon and then we'll have some real photos ;)

Re: Ask HN: What was your best passive income in 2015?

#63
post #4
post #2

My watch company. Started it in September and started selling before the watches were made. They're still in production and will be finished soon. Wouldn't maybe call it "passive income", but the sales keep coming through WOM. ( http://gardannewatches.com )

Are those images renders or actual product? It's a really nice looking watch, at a great price.

Renders. The watches will be finished soon and then we'll be able to show you real photos. That'll happen in weeks, I hope :)

Re: Ask HN: What was your best passive income in 2015?

#64
post #57

Earlier quoted context omitted.

The watch case design is a render and the band is a photo of real bands. But as I said before, the watches are under production right now, finished very soon. So we're not able to have any real photos of the watch yet :)

Got it. A bit surprising you didn't get any manufacturing samples, but cool.

I could, but that would cost $300 for that sample. I got a sample of another watch to feel the quality. And I can tell you - it felt good!

Re: Ask HN: What was your best passive income in 2015?

#65
My iPhone apps I created from 2009 - 2011 still provide a small income typically around $20 - $40 per month. Back in the day FemCal alone was doing $1500+ per month, with me 'full-time' on promoting and supporting it, but with little support or maintenance, apps waste away quickly.

It might be several hours to fix, retest and update documentation for even a small platform change, so just keeping up with platform changes can be significant effort if you work a full-time job, have children, other commitments etc.

The good news for me is that changes at work are affording me the opportunity to escape some process and re-open some of my side-projects again.

  * http://femcalapp.com

Re: Ask HN: What was your best passive income in 2015?

#66
post #36

Has anyone in this community had success dropshipping? Any indications of expected margins? I'm particularly looking at TV accessories.

I once tried drop shipping but the prices I was getting were worse than Amazon prices. I would have gotten better margins if I had just ordered on Amazon and shipped it to my customer. That said, this was for video games, which are already very low margin, and only one wholesaler would drop ship.

Re: Ask HN: What was your best passive income in 2015?

#67
post #10

Is anyone doing old-fashion landlording these days? I'm trying to break into that space, but I have no idea what I'm doing and could use some advice from someone who's done it before.

I've been looking at this as well and I also have very little idea what I'm doing. I found a spreadsheet on Bigger Pockets that helps evaluate properties as rental investments by plugging in some numbers. Apart from that, I just have some alerts set up on Redfin and a general idea of what parts of my city would probably attract good tenants. But I've seen enough stories about nightmare situations that I'd rather cove…

If you're interested in real estate investment and willing to do trivial math, I'd recommend Frank Gallinelli's book ( http://www.amazon.com/Every-Estate-Investor-Financial-Measur... ) for the basics.

He comes across as a great guy (heard him interviewed on a podcast before I bought the book), has a really readable style (seriously, it makes real estate financials "light reading"), and generally seems focused on helping people (he was apparently teaching when a publisher approached him to write a book - he told them he wouldn't write the book they wanted because he thought it would be useless, but he would write them a book on what he thought would be most useful).

And absolutely: if you're from a comp-sci background, the real estate math is all trivial plug and chug. But it is worth learning the accepted ways of doing things so you can properly compare and model your properties.

Re: Ask HN: What was your best passive income in 2015?

#68
post #57

Earlier quoted context omitted.

Got it. A bit surprising you didn't get any manufacturing samples, but cool.

I could, but that would cost $300 for that sample. I got a sample of another watch to feel the quality. And I can tell you - it felt good!

Out of interest, strongly assuming that you've contracted manufacture to a foreign country from the price point (and assuming your profit in there), could you speak at all about how your contract goes with regards to quality control?

What happens if what you get doesn't match what you're expecting, without an approved sample?

Also, any ballpark on the setup? Or is it per-unit?

(Feel free to demure if you don't want to share, just curious. You see fewer physical than virtual products!)

Re: Ask HN: What was your best passive income in 2015?

#70

Is anyone doing old-fashion landlording these days? I'm trying to break into that space, but I have no idea what I'm doing and could use some advice from someone who's done it before.

Yes. Our family sold an ag property this year and I purchased 3 rental properties. Two of them are 3 bedroom condos that I rent to students at Cal Poly SLO. The third is a 3 bedroom home that is a family rental. It's been going smoothly so far. While student rentals seem risky on the surface, I like them because (a) most students (here, at least) are paying their rent with student loans or parents' money, so its fairly guaranteed, (b) turnover is easy to predict, (c) you'll have no guilt of evicting a young family who has fallen on hard times, (d) if you find serious STEM or grad students, they usually don't party too hard.

After the initial fixes and repairs we had to do during the purchase process (every home in California has termites), I've been working to automate as much as possible. Here's my "Landlord Stack":

1. Cozy for applications and rental payments (https://cozy.co/) (Price: free)

2. Rocket Lawyer for leases, other documents, and random law questions (https://www.rocketlawyer.com/) (Price: $50/mo)

3. Xero for accounting (https://www.xero.com/) (Price: $9/mo)

4. Trello for organizing information and to-dos (https://trello.com/) (Price: free)

5. We bank at Chase and use their online bill-pay to handle the few utilities we're responsible for.

So for I've had to unclog a couple toilets and fix a window screen. Other than that, smooth sailing so far. Email in profile if you want to get in touch.

Post reply on HN