Similar questions have been asked in the past, but things change quickly. What are some passive income strategies that have worked for you in 2016?
Ask HN: Passive Income Suggestions 2016
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Re: Ask HN: Passive Income Suggestions 2016
#2I'm working on a for people looking to build equity in products. I'm just starting to work on this so no revenue yet, but thought this might be an appropriate thread to mention this.
So, if full-time isn't an option and your looking to work with a team because you don't have marketing, programming, design, administrative, customer service skills. email me.
Re: Ask HN: Passive Income Suggestions 2016
#3Just buy/sell on LootMarket.com for profit. :D
Re: Ask HN: Passive Income Suggestions 2016
#4Just buy/sell on LootMarket.com for profit. :D
Just an offtopic, do you have any professional relationship with LootMarket?
Re: Ask HN: Passive Income Suggestions 2016
#5It really depends on your skillset... if you code or do creative work, building a theme, shooting stock photography, or creating music with low licensing fees are all good things.
I found this Inc article from January of this year pretty on point as well: http://www.inc.com/sujan-patel/you-don-t-need-to-be-a-millio...
Re: Ask HN: Passive Income Suggestions 2016
#6Perhaps a negative example might be interesting? I started working on game-development tools in 2015 and have sold a grand total of $0. Granted I have been contracting for the last year and haven't done development or marketing for a few months, but I would say it's a clear non-success.
If you're curious what it was, it's here: https://codano.com/typeforge/.
The reasons I've probably done poorly:
1) I haven't spent time networking with the people who are the market of the product. I worked with a few people on /r/gamedev on it last year, but never followed up.
2) There's a lot of other tools in this space, some free, some not-free (but platform-limited) and I haven't distinguished myself from any of those.
3) There's not a lot of supplemental material to suggest how people might use the product and why people might want to use this product over any others.
EDIT: and if you want a free license for kicks, just email me (see my profile).
Re: Ask HN: Passive Income Suggestions 2016
#7I build a developer tool for premium plugin / theme authors in the Wordpress ecosystem. If you can build something that scratches an itch in a programming ecosystem, people are likely to pay for it.
Although with the amount of work I do on it, I'm not sure I'd call it passive ;)
Re: Ask HN: Passive Income Suggestions 2016
#8Re: Ask HN: Passive Income Suggestions 2016
#9Earlier quoted context omitted.
Just an offtopic, do you have any professional relationship with LootMarket?
Work on it daily. The world of skin marketplaces are thriving... its actually crazy.
That's awesome dude! I just have one question, how are you guys planning on capturing some market share from OpSkins? That thing is giant :) Btw if you are hiring I would love to help out!
Re: Ask HN: Passive Income Suggestions 2016
#10I have found the best side projects to be monetized versions of stuff which I built for my startup to save me time.
A recent example is a script which I originally hacked together to check for possible IP changes/submissions (copyrights, patents, trademarks etc) which might affect my startup's own IP.
It didn't cost very much to SaaS-ify the original script (outsourced using upwork.com) and after sending out a few emails and shoutouts in newsletters, events etc I have a pretty decent side-income from private clients and law firms (pays the rent & yearly holiday hopefully).
The hard part is making sure you don't let it distract you from your main project/job - I am at 3-4h/month and don't let myself go above that!