baseline suggestion for truly passive income is invest in the stock market: do dev work for people in exchange for money --> invest the money in the stock market (e.g. low cost passive index funds) --> expect roughly 5% real return on capital invested for long term buy & hold stock investment
Ask HN: Ideas on creating passive income streams
41–49 of 49 posts
Re: Ask HN: Ideas on creating passive income streams
#42Earlier quoted context omitted.
It can be. It's not passive income since you have to make and ship the items. If you see other items similar to yours, then there is likely demand. If you don't, then you could experiment by making a few and listing them.
Doesn't Etsy let you sell digital products too? That could be passive, isn't it?
Re: Ask HN: Ideas on creating passive income streams
#43I made a course on a small topic which is keyword research/SEO related and hosted on Udemy. It took me a week to create the whole thing since then I haven't done anything except answering a few questions of the students. It's 99% passive. I am making around $150 per month. This is the simple method I followed (CPSO) Customer => Problem => Solution => Offer 1.) find a topic with enough interest (customer finding activ…
The course looks very phenomenal I might buy it since SEO is really important as it gets you to the right audience
Re: Ask HN: Ideas on creating passive income streams
#44I like to make wordclocks. I like the process of figuring out better manufacturing processes. Some people buy them. Win win situation.
I don’t sell many, but enough to pay for my cnc.
Re: Ask HN: Ideas on creating passive income streams
#45What does passive income mean to you? Is it passive income when a YouTuber gets paid whenever someone views a video, but spends hundreds of hours making great content and building an audience? Is SaaS MRR passive income after you've spent hundreds or thousands of hours building a product and acquiring customers? Is it passive income when an author receives royalties after spending months writing, publishing, and mark…
> Create open source software that other people need, then sell training videos on how to use it. Please don't do this, I personally hate this motivation for Open Source development. The incentive of the project developer is not aligned with the user. The developer has the incentive to make the software complex and unintuitive, so that people require training to use it. Any proposed changes to make the project easier…
Re: Ask HN: Ideas on creating passive income streams
#46Earlier quoted context omitted.
Any tips on becoming a developer turned designer? I'd be interested in that.
Just realized that my first answer might not be the most helpful :-P. If you're still interested in becoming better at design, it's all about learning-by-doing. Much like development. I spend a lot of time on https://dribbble.com/ when I initially started designing and that's often where I go to find inspiration these days as well. Besides that, I'd suggest to doing as many design-related projects as possible. They d…
So your tips are quite helpful since I've never tried to start from a blank canvas. Also, dribble.com is a really cool tip.
Thanks! :D
Re: Ask HN: Ideas on creating passive income streams
#47I'm a designer-turned-developer and created a nice-looking solitaire card game website: https://online-solitaire.com/ . It's making me around $1500 a month. My approach was to find a nice of apps that where already popular and then see if I could make it better.
Re: Ask HN: Ideas on creating passive income streams
#48I'm a designer-turned-developer and created a nice-looking solitaire card game website: https://online-solitaire.com/ . It's making me around $1500 a month. My approach was to find a nice of apps that where already popular and then see if I could make it better.
I have a question. So how do you deal with sites which deliver the same content as you? Like, say you come across another site which also delivers playing card games like yours, would you go after it legally or something? Or have you faced issues where you have been told you are plagiarizing the game from another place?
Pardon my ignorance. I am unfamiliar when it comes to this kind of knowledge.
Re: Ask HN: Ideas on creating passive income streams
#49baseline suggestion for truly passive income is invest in the stock market: do dev work for people in exchange for money --> invest the money in the stock market (e.g. low cost passive index funds) --> expect roughly 5% real return on capital invested for long term buy & hold stock investment
I have been thinking about it do you know how can i get started I’m just scared what if i make the wrong investment