I co-run a blog[0] that gets a few hundred hits a day. We sell a handful of products per week at $40 a piece. [0] https://www.chessgoals.com
Good content, really enjoy your study plans + book recommendations based on rating
Ask HN: What is your passive income 2020?
91–100 of 169 posts
Re: Ask HN: What is your passive income 2020?
#92$0
Re: Ask HN: What is your passive income 2020?
#93Earlier quoted context omitted.
How long did it take you to amass a portfolio like this? Seems like it would take decades unless you have a very high salary.
It's a function of percentage income saved, not amount earned. The formula is (income / investment rate / percent income saved). If my investment rate is 4%, I need to save 25 years worth of salary. Saving 50% of my salary looks like I would need 50 years on the surface. However, my portfolio generates income from day 1, so it's actually a lot faster than it seems. Just for reference, I was living on less than $750/m…
Thanks for that additional context!
Re: Ask HN: What is your passive income 2020?
#94I co-run http://vsual.co . We make five figures of monthly revenue, and generally my partner and I work 8:30-10 AM before our "regular" jobs. We're growing at a moderate pace—for now this is passive(ish) income, but one day we may dive all in.
That's awesome! I saw on your original submission on showhn for vsual that you were trying to figure out the marketing. How have you done since then and what worked for you? Five figures is quite impressive
The short answer is no, we don't have it 100% figured out yet. But we have learned a few things:
- The cost per sale of paid marketing targeting CUSTOMERS is just a little too high to be sustainable right now. Part of that, I think, is because the searching/tagging/categorization of VSUAL isn't great. We can create an ad with interesting art that causes a clickthrough, but if that piece isn't quite compelling enough to sell, we don't do a good job showing similar pieces. We're working on improved tagging and categorization right now to make finding curated, related artworks easier.
- Many of our best selling artists do quite well attracting their own traffic to their store. They already have IG/FB followings significantly greater than our own. So, we're investing in tools to help those artists with marketing (such as markup generators) and to help tools specifically for artists with distribution. For example, those artists who already have distribution want to link people to their shop, not to an entire platform. We're working on building whitelabeled shop pages without the platform nav bar for those partners in particular.
- Finally, I believe that with the amount of UGC on the site, we're currently not taking full advantage of the power of SEO. Creating landing pages specific to art styles and techniques is high on my to-do list after our upcoming tagging improvements are launched. I'm hopeful that moderate SEO improvements can drive our traffic up significantly.
Re: Ask HN: What is your passive income 2020?
#95I run https://www.checkbot.io/ myself while doing consulting. It's a Chrome extension that checks multiple pages at a time for common SEO, speed and security issues. I started working on it initially to automate checks I was often doing manually while developing websites for others. Developers I worked with found it useful so I spun it out into its own product. I wrote the online guide on the website too that explain…
Hey, I remember when you launched on Indiehackers! Glad to see you're still going, and hopefully growing?
Thanks! It's growing and getting high reviews but it's true about how indie hackers needs to focus more on marketing than features.
Re: Ask HN: What is your passive income 2020?
#96This might be controversial for HN but here goes. A couple months back, I got into reading and learning about Ethereum. I never liked it, still don't get the value in blockchains except for Bitcoin. I have a couple of bots/alerts and some manual strategies to execute on opportunities in some of the DeFi apps, mostly arbitrages. All of my strategies only takes in smart contract risks. It's surprising how inefficient t…
Do you have any practical DeFI resources you can share around this? I imagine you need to be brave enough to have a fair amount of $$$ tied up in ETH to take advantage of these opportunities as well. Are there not substantial risks with that?
> Do you have any practical DeFI resources you can share around this?
I would suggest reading about the popular Defi apps directly from website, use Twitter. bankless.substack.com is popular among this crowd.
> I imagine you need to be brave enough to have a fair amount of $$$ tied up in ETH
I only maintain exposure to USDC stable coin most of the time except during executing opportunities which usually completes in a couple of transactions.
DeFi also allows for capital less trades, eg: you can borrow $100,000 worth of USDC with no collateral for $90 using flash loans. One strategy is described here - https://blog.instadapp.io/six-percent-instant-return/
Re: Ask HN: What is your passive income 2020?
#97I co-run a blog[0] that gets a few hundred hits a day. We sell a handful of products per week at $40 a piece. [0] https://www.chessgoals.com
Good content, really enjoy your study plans + book recommendations based on rating
Thanks! If you (or anyone else reading) want a study plan for free, fill this out out https://chessgoals.com/contact-us/, mention HN, and we'll send you whichever one you want.
Re: Ask HN: What is your passive income 2020?
#98Earlier quoted context omitted.
I'm doing roughly the same thing, but just starting out. The focus is on real estate and business ownership. How long did it take you to get to the RE point?
I reached 100% income replacement for myself in my late 20s. Then I got married and had kids. My spouse and I reached 100% income replacement in our mid-30s. Glad to see a fellow practitioner. Best wishes on your journey!
As someone in their mid 30's who just got below 1 year's salary in debt, I envy your position!
Re: Ask HN: What is your passive income 2020?
#99Re: Ask HN: What is your passive income 2020?
#100Earlier quoted context omitted.
I know about first, but second is what I think would be interesting.
I'm definitely not the best at it. I'm in the middle of job applications right now so I'm not going to push all my chips in on marketing myself in case a hiring manager finds it distasteful. And it's almost certainly not the best way to get FP content: there are definitely monetized youtube channels that have a lower barrier to entry for viewers. And of course there are pornographers producing more and better content…
Absolutely. I been thinking not so much about doing it, but how mechanic of OnlyFans is really useful for more then just porn. You can find my details in profile if you want to continue chatting about it. I feel like there is potential to do things in that space and it is fairly obvious to just go and pay for more information, as this pay would not be huge.