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Ask HN: Your Passive Income Suggestions?

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Re: Ask HN: Your Passive Income Suggestions?

#195

Post by max_ »

max_ wrote: post #2

-Build a BTC gumroad version. -AI stuff like http://predictor.ai

Sorry for that Embarrassing broken link, The URL is actually https://predictors.ai/ and an example project that I recommended for the you guys was https://predictors.ai/#/p/Neural_Storyteller

* P.S HN should take half the blame for disabling editing after a while

Re: Ask HN: Your Passive Income Suggestions?

#196

Post by shostack »

gt565k wrote: post #12
nns wrote: post #9

Earlier quoted context omitted.

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)

How do you feel about their fees compared to low cost index funds?

Re: Ask HN: Your Passive Income Suggestions?

#197

Post by quintes »

shanecleveland wrote: post #109
wtracy wrote: post #61

Earlier quoted context omitted.

> 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. I assume that by apps you mean native mobile apps. Anyone know how ad-supported mobile apps stack up against web apps? On the one hand, there's no such thing as ad blockers for native apps. On the other hand, web apps run on more platforms out of the…

I don't have direct experience on the hosting question, but I have often though that if you could come up with the purely simplest way to allow a small, local business to create a one-page website, they would pay $30 a month for the service. Better yet, target a specific niche – Restaurants, spas, landscapers, etc. You could then have a dead-simple template they could type their info into. Not gonna win any design aw…

I've tried at that price point. They won't pay that but will want you to do more for less. Small business has proved to me that even a simple cms is not something they think their business needs. They're happy to trial and have themes development done as long as it's cheap but they just won't update their site themselves. And mail hosting is worse. forgot passwords and new users issues, Outlook configuration (even though comprehensive instructions were sent) and they want you to respond within the hour like it's enterprise level support.

thinking back one client moved because she said she couldn't update her site herself (note it was a cms) and some dude bamboozled her into drupal. He used the theme I'd built her from my custom cms and years later the site still has the same content copied from the one I did for her..

Re: Ask HN: Your Passive Income Suggestions?

#198

Post by jjangmes »

This is not completely passive income, but after 1 ~ 2 months of some committed work, it can become passive income. This is assuming you know what you are doing and you have experience with e-commerce. (I was losing money for the first 3 months)

-Private labeling on Amazon using FBA (Fulfillment by Amazon)

I currently earn some passive income (~$1000/month) by selling products on Amazon. Amazon FBA is great because you just send all the products to Amazon warehouse and they will do the packaging and shipping for you. If you shipped out all the items yourself, it wouldn't be so passive. But since all my items are currently at Amazon warehouse and everything's being shipped by Amazon, I spend little time at the moment.

A summarized process will be 1. Sign-up for Amazon seller account 2. Find an item to sell on Alibaba 3. Purchase the item, receive, check, and send to Amazon. 4. Perform SEO for your product page 5. Repeat 2 - 4 6. After some success, switch to Amazon Seller Merchant Pro.

The most difficult part wasn't finding the right item, but rather promoting the page. Ranking my product will involve tons of keyword research, pinning everything relevant on Pinterest, and revising copy-writing.

Once I start selling about 10 products/day for a single item, I'd move on to a new product. The best time to start probably is NOT at 3rd or 4th quarter. You want to have steady sales by 3rd quarter. Because if you do, you will experience some shockingly crazy sales starting November lasting until early January. If I now sell 10 units/day for product X, I was selling 100 units/day starting late November. I regret not stocking more items, but it was my first year doing this and it's a lesson learned.

Re: Ask HN: Your Passive Income Suggestions?

#199

Post by jakobegger »

shanecleveland wrote: post #109
wtracy wrote: post #61

Earlier quoted context omitted.

> 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. I assume that by apps you mean native mobile apps. Anyone know how ad-supported mobile apps stack up against web apps? On the one hand, there's no such thing as ad blockers for native apps. On the other hand, web apps run on more platforms out of the…

I don't have direct experience on the hosting question, but I have often though that if you could come up with the purely simplest way to allow a small, local business to create a one-page website, they would pay $30 a month for the service. Better yet, target a specific niche – Restaurants, spas, landscapers, etc. You could then have a dead-simple template they could type their info into. Not gonna win any design aw…

A friend of mine does that, but there are a few problems with that model:

- it's harder than you think and a lot of work to find new customers

- customers usually want more than "just a website"; you also need to offer things like newsletters, online reservation, etc.

- if you get enough customers to make it worthwhile, you will be get lots of support requests

Every time I meet him, someone calls him for help with their website.

Re: Ask HN: Your Passive Income Suggestions?

#200

Post by vijayr »

shellerik wrote: post #174
tamersalama wrote: post #160

Earlier quoted context omitted.

Do you mind sharing your site?

I'd prefer not to but I'll check back a few more times to see if there are any questions about my post to answer.

There are lots of people telling others to write reviews without having purchased/used a product. Did you have to do it too? I mean, is your site only side by side comparisons or do you also post reviews?
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