I do affiliate marketing. Just looking for few other options and would love to hear your experience/story of creating passive income sources !
Ask HN: What are your passive income sources?
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Re: Ask HN: What are your passive income sources?
#2if you hire the right people anything can be a passive income.
Re: Ask HN: What are your passive income sources?
#3if you hire the right people anything can be a passive income.
Passive income: something that makes you money while you sleep(read it somewhere).
Any examples, what type of businesses you are talking about?
Re: Ask HN: What are your passive income sources?
#4I run https://IndieHackers.com where I interview developers/entrepreneurs about how they make money from their apps and projects. There are tons of examples there that fit into the "passive income" category as you define it ("making something that makes you money while you sleep").
A couple of good examples from the site:
- park.io (from Mike Carson) makes $125,000/mo taking domain backorders; he essentually wrote tons of scripts that buy expiring domains on behalf of his customers for $100 and that allow customers to bid against each other
- Instapainting.com (from Chris Chen) makes $32,000/mo allow customers to commission artists to turn their photos into hand-made paintings; it took him years to get to this point, but it's almost all automated and he rarely has to step in
Indie Hackers itself is my passive income source, although right now it takes a lot of work on a day-to-day basis. I'm writing a blog post about that that I hope to put up on my timeline (https://IndieHackers.com/timeline) by tomorrow. I'm doing just over $1000/mo right now, mainly from sponsors.
Re: Ask HN: What are your passive income sources?
#5A stock portfolio that I've built through consulting profits is my main passive income source. Anything else is not really "passive."
This probably isn't the answer you're looking for, but in my view the average developer is much better off simply selling their time at the maximum rate and funneling the profits into a well-managed portfolio. The median outcome for this is much better than the story on most passive-income businesses.
Re: Ask HN: What are your passive income sources?
#6I have a card game business that's aimed towards women, PoCs & the lgbtq community - groups who aren't traditionally served.
Every couple of weeks I ship product to an Amazon warehouse and do a bit of advertising on Facebook. It brings in around $40k/mo and 3-4x during the holiday season.
Re: Ask HN: What are your passive income sources?
#7I have a card game business that's aimed towards women, PoCs & the lgbtq community - groups who aren't traditionally served. Every couple of weeks I ship product to an Amazon warehouse and do a bit of advertising on Facebook. It brings in around $40k/mo and 3-4x during the holiday season.
Is that net or gross?
Re: Ask HN: What are your passive income sources?
#8I have a card game business that's aimed towards women, PoCs & the lgbtq community - groups who aren't traditionally served. Every couple of weeks I ship product to an Amazon warehouse and do a bit of advertising on Facebook. It brings in around $40k/mo and 3-4x during the holiday season.
That's awesome.
Would you be willing to email me and talk at me about how this came about?
Re: Ask HN: What are your passive income sources?
#9I run https://IndieHackers.com where I interview developers/entrepreneurs about how they make money from their apps and projects. There are tons of examples there that fit into the "passive income" category as you define it ("making something that makes you money while you sleep"). A couple of good examples from the site: - park.io (from Mike Carson) makes $125,000/mo taking domain backorders; he essentually wrote to…
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