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I'm pulling a late-nighter decommissioning stuff and I stumble across your post. Thank you for the inspiration I needed for a new income stream! Please inbox me I believe we have a few commonalities. Or don't I won't be offended. I needed a little kick in the zen.
Not OP but you don't have contact info in your profile
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Passive is the opposite of active, I get the definition. Something you're no longer really actively working on that keeps making money. I'm jealous, I'd love to have such an idea. But this seems different -so far-. This is more akin to building 80 money printing machines that each print a certain amount of money. They may work forever, or die in 6 months, or not work at all. I guess my entire point is that this is a…
Its mainly jsut about eight books that bring in majority of the income. Amazon doesn't allow authors to delete unpublished books, thus showing 80. you can check out the active books here: https://www.amazon.com/s?k=greg+lim&ref=nb_sb_noss
Would also be interesting to see what your sales tail is like… are some of your books still selling decently several years after publishing?
This doesn't sound like passive income as I understand the term. Writing a book is a ton of hard work, compared to, say, buying and renting out a house.
That said, an alternative to writing a whole book before seeing if people will pay, is to write a blog.
You’ll get validation in smaller chunks and can iterate.
Currently the display ads on my blog pay between $15 - $30 per thousand visitors, and many blogs earn a lot more than that.
If you’re writing a non fiction book in a technical niche, it’s fairly easy to get traffic from Google if you write in depth posts around 1,500 words each.
A more appropriate title and angle might be "How I've earned $10k/book and manage to keep writing more while maintaining a day job". (Which is in itself impressive!)
Writing (from a quick skim check) at least 16 books over a period of 6 years, and earning money from that, is not exactly what I'd call "passive income". And given the topics are mostly (all?) about niches in current technologies they also won't continue to deliver passively forever. A more appropriate title and angle might be "How I've earned $10k/book and manage to keep writing more while maintaining a day job". (W…
> I wake up daily excited to write. When work is a dread, or when something unhappy pops up, some writing will always bring in positive energy into me. I don’t dread writing. In fact, I can’t stop myself from writing! I fear we are built different.
See also where Brandon Sanderson's (an author) guilty pleasure and stress reliever is writing more (in the form of things he wasn't intending to write)
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Anyone that thinks renting houses is passive income has never done it. Repairs, collections, advertising, evictions, etc.
But all of this is something you can contract out to an agency for a cut of the rent.
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Yes. Passive income can initially take work to build the income source. Most people consider rent to be passive income, yet people don't just magically own houses, they more often than not work to buy them.
People do magically own houses. It's called inheritance.