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Ask HN: What are your passive income sources?

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Re: Ask HN: What are your passive income sources?

#121

Earlier quoted context omitted.

Based on your continued responses and the fact your feelings are hurt, I'm wining this battle. (I'm guessing you are millennial snowflake?) Where can I sign up for your fund! Oh I can end this fun... well because I do have better things to do: You are right and I am wrong, there you go do you feel better now?

You continue to lob ad hominem attacks instead of making any substantive arguments. I'm wasting my time arguing with you. Starting a discussion by "laughing" at my portfolio without even knowing what it is is not an adult thing do to. I really hope you listen to feedback and grow as a person. Right now you're carrying a lot of negativity around with you.

I'm doing fine thanks.

Have great day!

Re: Ask HN: What are your passive income sources?

#122

Earlier quoted context omitted.

You continue to lob ad hominem attacks instead of making any substantive arguments. I'm wasting my time arguing with you. Starting a discussion by "laughing" at my portfolio without even knowing what it is is not an adult thing do to. I really hope you listen to feedback and grow as a person. Right now you're carrying a lot of negativity around with you.

I'm doing fine thanks. Have great day!

I'm glad. I hope someday you realize that selling stock tips on the internet is a scammy business model and that there are better ways to make money than preying on the ignorant.

Re: Ask HN: What are your passive income sources?

#123

Earlier quoted context omitted.

How did you spread the word in early days of your project?(Any platform in particluar helped or performed better for marketing?)

No marketing, all traffic came from search engines. I focused on SEO from the start and that helped with the rankings. I also made sure my site was more functional than the competition. 100% client-side code.

How long have you been running the site? A long, slow ramp-up, I assume? Were you ahead of the competition timeline-wise?

Most of the good ideas I think I have end up being fairly saturated, which is discouraging!

Well done. I now have your html tag remover on the reformattext.com bookmarked for a current project. Thank you.

Re: Ask HN: What are your passive income sources?

#124

Earlier quoted context omitted.

No marketing, all traffic came from search engines. I focused on SEO from the start and that helped with the rankings. I also made sure my site was more functional than the competition. 100% client-side code.

How long have you been running the site? A long, slow ramp-up, I assume? Were you ahead of the competition timeline-wise? Most of the good ideas I think I have end up being fairly saturated, which is discouraging! Well done. I now have your html tag remover on the reformattext.com bookmarked for a current project. Thank you.

Right - The site has been running over 3 years now. There wasn't much competition at first but in the last year I've had real competition plus a bunch of copycats, some who actually copied my code and changed the front-end.

Re: Ask HN: What are your passive income sources?

#125
post #5

A 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-in…

Are you actually taking income out of this portfolio? I'm in my mid-thirties, so I invest in index funds, but any dividends are re-invested. It's not something I intend to touch until retirement or some extraordinary situation.

Re: Ask HN: What are your passive income sources?

#126
post #125
post #5

A 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-in…

Are you actually taking income out of this portfolio? I'm in my mid-thirties, so I invest in index funds, but any dividends are re-invested. It's not something I intend to touch until retirement or some extraordinary situation.

It varies. Since I'm a consultant, if I take a vacation or have a dry spell then I do have to take income from the dividends. In other cases, I reinvest all the dividends (and my earnings).

Re: Ask HN: What are your passive income sources?

#127
post #55
post #29

Earlier quoted context omitted.

if you've never consulted before, how do you "start"? cold emailing people for freelance gigs that you see on hackernews doesn't usually parlay into high paying consulting gigs.

This might sound hokey, but think of getting into consulting as phases of software releases. During alpha get to know people and the problems they face that you can potentially help out with (at this point you haven’t started consulting yet), in beta you drop whatever you were doing before, or cut down your time commitment enough, and getting into consulting (or more likely freelancing, where you’re doing more grunt…

reasonable answer! thanks. during the "alpha" phase, are you potentially offering your services to prospective clients?

Re: Ask HN: What are your passive income sources?

#128
post #62

What do you think about http://sidekiq.org gem approach where you have free open source tool and paid pro version. I did similar thing with my open source gem knapsack for test suite parallelisation in ruby. I run pro version at https://knapsackpro.com

I hope it's working out for you! I'd love to hear how things are going if you want to email me privately.

Re: Ask HN: What are your passive income sources?

#129
post #32

I run https://www.goread.io/ which is a subscription-based RSS reader. It's open source and runs on google app engine. It costs ~$2k per year to run and I make between $2k and $3k profit per year for nearly zero effort. Stripe handles payments and app engine keeps the servers running. I consider it a high success because for the amount of marketing I've done in the last 2 years (exactly zero), it still has paying use…

Trying it out now. I hope I'm hooked enough to pay you at the end of the trial. Not really satisfied with my current solution, which I also pay for. Thanks.

Re: Ask HN: What are your passive income sources?

#130
I do peer to peer lending on an internet forum, VAs handle most of the work, ~$1k/mo passive, ~$3k/mo when active (but it's been passive for the past several months). I can try to answer what I can, but I can't divulge much more because it's not at all a defensible revenue model, and anyone with access to capital can do it.
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