Peer to peer lending is the best thing I have found this year. You can get around 5 to 7 percent interest and you don't need a large amount of capital. With all the other financial markets so volatile right now this is a pretty solid rate of return. There are always risks of default that you will need to consider, but most platforms allow you to mitigate that with automated diversified portfolios.
Ask HN: Passive Income Suggestions 2016
11–20 of 103 posts
Re: Ask HN: Passive Income Suggestions 2016
#12Perhaps 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…
Looks pretty cool. What language and UI toolkit did you build it with?
Re: Ask HN: Passive Income Suggestions 2016
#13Small pitch, I am the owner of Pressed (https://www.pressed.net), and we do white label managed WordPress hosting. So anyone can sign up to create their own Managed WordPress hosting brand, and refer clients to their brand and build recurring revenue. Our team handles all the running, support, etc for the brand so you can just sit back and feed customers into it.
Pretty passive :)
Re: Ask HN: Passive Income Suggestions 2016
#14Peer to peer lending is the best thing I have found this year. You can get around 5 to 7 percent interest and you don't need a large amount of capital. With all the other financial markets so volatile right now this is a pretty solid rate of return. There are always risks of default that you will need to consider, but most platforms allow you to mitigate that with automated diversified portfolios.
Which platform? Lending Club seems... volatile at the moment.
Re: Ask HN: Passive Income Suggestions 2016
#15Earlier quoted context omitted.
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!
We've been growing non stop since December. We're definitely noticing OPSkins starting to take some similar approaches to growth and marketing that we have.
We're definitely hiring. Trying to find some local talent in Toronto.
Either way, if you're actually interested, feel free to email me something at paul@lootmarket.com
Re: Ask HN: Passive Income Suggestions 2016
#16I 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 em…
I've done some of this. Made some internal tech tools for non-tech business. Figured our problem may be one others also have, so made generic versions hosted online. A couple have become popular, but we're only talking hundreds of $$ each month.
Re: Ask HN: Passive Income Suggestions 2016
#17Peer to peer lending is the best thing I have found this year. You can get around 5 to 7 percent interest and you don't need a large amount of capital. With all the other financial markets so volatile right now this is a pretty solid rate of return. There are always risks of default that you will need to consider, but most platforms allow you to mitigate that with automated diversified portfolios.
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.
Re: Ask HN: Passive Income Suggestions 2016
#18Make something that makes money. It can't be passive income without income. Figure out all the stuff you do to keep the money earning. Simplify that upkeep until it's a well documented set of steps or a nice web interface or something anyone can do. I'm finishing this part at the moment, having spent months converting my entire app business into an online dashboard.
Then you just need to find/pay someone to handle it for you. Lots of people online and in the real world are very well suited to well defined tasks they can 'just do'.
Re: Ask HN: Passive Income Suggestions 2016
#19Perhaps 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…
Looks pretty cool. What language and UI toolkit did you build it with?
It's a Java app with a JavaFX web panel for the UI. I have a second (unreleased) version based on Electron and a Java "backend" for doing all the image processing heavy lifting.
I've been working on the hybrid framework as an open-source project here: https://github.com/orbitaljs
Re: Ask HN: Passive Income Suggestions 2016
#20I built a themes website (https://jekyllthemes.io) in a weekend that's monetized using affiliate links and Adsense. After the initial work was done, it's virtually 100% autopilot and brings in around $80/mo.