I mean, it's worth asking, but anyone with a good niche would be smart to not post it publicly unless the benefits of publicity outweigh the risk of competition.
I agree there's niche websites that generate tonnes of money and have been around for years but nobody really knows about them... And the webmaster likes it that way
Ask HN: What is your passive income 2019?
251–260 of 306 posts
Re: Ask HN: What is your passive income 2019?
#252Earlier quoted context omitted.
Same, although I have four rental units and one AirBnB. I wasted years of my 20s trying to come up with a monetizable SaaS product until I realized that I could earn passive income through "boring" businesses like rental properties. Now that I've had a taste of passive income through real estate, I've come to despise the tediousness of writing software. I can barely bring myself to do it anymore now that I don't "nee…
I am in a similar position and would like to know how you got started with rental units. Are you using a property manager like it was mentioned in a previous comment? Do you recommend AirBnB vs. long-term rentals?
I used equity from my primary residence to finance my first investment, since I couldn’t find other means of financing. I don’t think my area would be good for AirBnb although I haven’t tried, should probably read more about it. I am doing everything myself for now, since I get better ROI, but will probably move to prpty mngmt once I have more properties.
Re: Ask HN: What is your passive income 2019?
#253Re: Ask HN: What is your passive income 2019?
#254My wife and I make some money with a couple of cheap renting units. To make the administration work easier I started to write an application last year (https://adpro.sun.com.py/en). At first it was very Paraguay-specific so currently I'm working on the last part of internationalization which is the contract and invoice editor. From the start I integrated the ability to also administer renting units for others.
It is very useful to us but I'm not sure about product/market fit. I'm eager to learn from others who rent out what they use for administration and such a system makes sense to them. If I really go after the idea I'll also need a co-founder, please contact me if you are interested.
Re: Ask HN: What is your passive income 2019?
#255I sella boutique Jekyll theme for software folks and academics which makes about $400/month. The base version is free, maybe somebody here likes it too: https://hydejack.com/
I used your theme for a blog I ran for a few months last year:
Thanks for creating it!
Re: Ask HN: What is your passive income 2019?
#256Earlier quoted context omitted.
Same, although I have four rental units and one AirBnB. I wasted years of my 20s trying to come up with a monetizable SaaS product until I realized that I could earn passive income through "boring" businesses like rental properties. Now that I've had a taste of passive income through real estate, I've come to despise the tediousness of writing software. I can barely bring myself to do it anymore now that I don't "nee…
I am in a similar position and would like to know how you got started with rental units. Are you using a property manager like it was mentioned in a previous comment? Do you recommend AirBnB vs. long-term rentals?
I self-manage since my properties are in the same small city that I live in. It's not the much work. I love AirBnB but you have to be careful with it - a lot of towns and cities have outright banned short-term rentals or at least made it very difficult to operate them legally.
Re: Ask HN: What is your passive income 2019?
#257Earlier quoted context omitted.
I cashed out in September 2018 and I am most certainly not crying about missed profits :) That money is happily deployed elsewhere for better uses and the next time I have excess savings it will go into stocks when they're at the bottom of the market
> when they're at the bottom of the market Will there be an announcement?
Yes, but there's also no need. When 2008 happened, not only was it in the news 24/7, anyone looking at the chart understood they were getting a 30% discount on an index of the US economy.
Re: Ask HN: What is your passive income 2019?
#258I sell a web service that randomly texts your kids to call you. Or reminds you to call your parents. https://www.callyourmomanddad.com
Do people actually buy your service though? Can you share some numbers, am slightly skeptical about this idea but maybe am wrong...?!
Re: Ask HN: What is your passive income 2019?
#259I mean, it's worth asking, but anyone with a good niche would be smart to not post it publicly unless the benefits of publicity outweigh the risk of competition.
Eh! Based on what I know of people, the odds of any competition are slim. The odds of any effective competition are slim to none. Most people are basically lazy and will talk a good game, but not actually do anything.
Sure. But most good passive income ideas are good because of how easy they are, and because they're the perfect size for a small market. Usually even one more competitor entering the market is enough to significantly disrupt them. If you are sitting on one of those, why would you post about it in an HN thread that will be archived and trawled by capable competitors specifically looking for ideas? If it only takes one competitor to disrupt your golden goose, why would you post about it here?
While there are many interesting ideas in this thread, I expect there are a fair amount of people lurking with much more profitable and higher leverage products. So maybe just take the thread with a grain of salt and don't think of it representative of a ceiling on what's possible to build in 2019.
Re: Ask HN: What is your passive income 2019?
#260Running the same passive project as 2017 - a day trading robot focused on Canadian (TSX) market conditions. It's been wildly successful closing positions on a nightly basis and exploiting market patterns that work at a scale that I care about. I spend almost zero maintenance time per month, less than 10 minutes per day interacting with it. It's also proved an excellent toy for me to constantly retool and play with ne…
And that works? I had assumed the evil Goldmans of the world had thrown enough cloud power at everything to find ever free penny already
Absolutely - rather predictably, but only within the segment I use. If you're an HFT trader you can't win. But if you have patterns you've noticed, can act on and encode... well quite frankly it's incredibly consistent on baskets of stocks (not daily), but very much based on a variety of characteristics.
Over the last year I've met two to three traders (as in big bank) who literally do this for weeks.