Live data from Hacker News

Ask HN: Your Passive Income Suggestions?

news.ycombinator.com

11–20 of 236 posts

Re: Ask HN: Your Passive Income Suggestions?

#12
post #9
post #4

Save money and invest it.

Can you give examples of what kind of low-touch reasonable-return investments you've benefited from?

https://www.wealthfront.com

Haven't tried this myself, but Tim Ferriss seems to advertise it a lot and I have a few coworkers that use it.

Minimum is $500 with no management fees (up to 10k I think)

Re: Ask HN: Your Passive Income Suggestions?

#14

On-demand proxies that you spin up in 1 second. I can spin out cloud servers in an instant.. but I have to wait days for my proxies to be activated.

This isn't really passive. Most people need lots of support and the servers will need to be constantly checked for abuse.

Re: Ask HN: Your Passive Income Suggestions?

#17
* Apps with ads in them. Easy enough to churn out, but decreasing revenues and most of the high earning adverts are the scummiest. Low value and of low moral usefulness.

* Solar Panels. In the UK, the government pays you per kWh generated. Needs an upfront investment, but stable income and you reduce your own energy bills. See http://shkspr.mobi/blog/tag/solar

* Renting out property. Needs a much larger initial investment, and requires ongoing maintenance. On a good month I only hear from the managing agent once per month with details of how much rent is being paid.

* Stoozing. Find a credit card with 0% interest on balance transfers. Stick the money into a savings account. Or, if you like risk, on a horse. Need a good credit rating and decent savings rate to make more than a few hundred a year though.

* Affiliate marketing. If you can find a good theme (e.g. Halloween) and a decent place to put the links (somewhere that wants them - not spamming them everywhere) it's possible to get a moderate passive income. Well... not quite passive, requires upfront time commitment of selecting links and locations.

* Hosting / simple websites. Again, little bit of up-front commitment. Works best if you can find a local niche of people who want a friendly face to host their websites. Usually as simple as buying a domain, setting up WordPress, and turning on automatic updates.

In general, the best passive schemes require a large initial outlay and/or a dubious moral outlook. A better way to enhance your income is to eat out less, stop buying stuff you don't need, and shop around for deals. Boring but true!

Re: Ask HN: Your Passive Income Suggestions?

#20
eBooks worked for me in 2014 & 15. I am the author of an ebook Trello Dojo (https://leanpub.com/trellodojo). I update it periodically and earn a couple hundred dollars a month. Lots of people from all over the world tell me it has helped them, which feels like I'm doing honest, good work with it. I'm not going to retire early from just that, but really want to do a few more, and possibly expand that concept into niche sites/training/etc.

niche sites and blogging have not panned out for me (yet). I feel that's more a lack of time/effort on my part. A test effort showed me my niche could work, but I just haven't committed to really getting it rolling.

I'm also a software developer and have a few service type sites up my sleeve. My thinking (as yet unproven in my own life) is that relatively simple subscription services that "do one thing well" and can be marketed to businesses and government agencies can earn well with minimal ongoing investment. The trick there would be to automate as much as possible- especially support- without sacrificing quality, and periodically dedicate resources to keeping the technology current (easier said than done, I know)

It's hard to balance a current "non-passive" job, family, and side passive gigs, but it _can be done_.

Post reply on HN