Ask HN: Are you working on any side projects that make "small/passive" income?
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Re: Ask HN: Are you working on any side projects that make "small/passive" income?
#2Re: Ask HN: Are you working on any side projects that make "small/passive" income?
#3Re: Ask HN: Are you working on any side projects that make "small/passive" income?
#4Re: Ask HN: Are you working on any side projects that make "small/passive" income?
#5The service was targeted at advertisers who wanted to advertise in other countries but didn't have an easy way to see international ads or landing pages from competitors(most landing pages in this niche were geotargeted and would redirect based on your IP). It probably took less than 10-15 hours to hack together in PHP.
I didn't have a freemium model or anything like that, I knew that this service had some value to some people and priced it at $50/month.
I never took this seriously as a major project/startup, and so the only promotion I did were a couple of forum posts in the Buy/Sell/Trade sections of relevant forums. In retrospect, it could have been much more successful had I taken the time to drive paid traffic to it. I remember the customer lifetime value was north of $300, and conversion rates were very respectable.
The service wasn't positioned as a tool for anonymity/illegal acts(we explicitly stated we kept logs), so I was able to avoid the problem of chargebacks common to such services.
Because of that, unlike other proxies that had to take payment in complex, nonreversible forms like Western Union, I could take PayPal payments and automatically provision an account on checkout. After you signed up, you would instantly be given unique IPs for the countries you selected that you could just plug into your browser. This ease of use was a key factor in the service's success.
It ended up making between $600-$1000 a month pretty consistently only a couple months after launch. Eventually, I got tired of dealing with support issues and sold the site on Flippa for a healthy revenue multiple.
The coup de grace: I was approached by several of the people who didn't win the auction but were still interested in the site. I ended up selling a few white-label versions of my (very simplistic) software for $1000 each.
Re: Ask HN: Are you working on any side projects that make "small/passive" income?
#6Re: Ask HN: Are you working on any side projects that make "small/passive" income?
#7Though I started in 2008, I didn't really make any attempts at monetizing until late 2009 and started with Adsense, then linked all the albums reviewed to two online stores that sell the CDs in question. All told, it took me maybe 3 months to make my first dollar and even longer for affiliate commissions to come in. I didn't make my first sale until maybe February 2010.
Obviously this isn't a product-based project, so it's not representative of the webapp stuff that others are producing.
Re: Ask HN: Are you working on any side projects that make "small/passive" income?
#8I plan to continue writing books, both non-fiction and fiction, and I expect that they'll all help bring in passive income.
Re: Ask HN: Are you working on any side projects that make "small/passive" income?
#9I still pull in $30-$50 a month on it, but I don't do much to promote it anymore. Linden Lab has really fucked up over the years and the quality of their software (the environment my app runs in) has gotten considerably worse. Its sad to say that my machinima app ran better 5 years ago than it does today, and multiple re-writes over the years has proven it impossible to go any further with the it.
Alternatively, I just put my first app up in the App Store last night. Its waiting for approval. I'm going to keep launching small utility apps and see where it goes.
Re: Ask HN: Are you working on any side projects that make "small/passive" income?
#10It's a highly technical blog, mainly documenting my personal electronics projects, but covers pretty much anything I want it to, which rather limits my readership. Having a more cohesive, single subject would certainly raise the glass ceiling on readership.