If there was some method of turning a skill into passive income with any reliability, people would replicate the idea again and again and so get 1,000,000/month eventually. You're asking for the impossible.
Ask HN: Passive income ideas?
11–20 of 180 posts
Re: Ask HN: Passive income ideas?
#12I trade stocks as a hobby and have been able to make some money.
I second this; it's the best hobby ever.
Re: Ask HN: Passive income ideas?
#13I am in continuous search for this type of passive income for about 8 years. I've tried with (automatically generated) content farms, social media spamming and all kind of more or less moral stuff.
I got to the conclusion that the answer should be in the immaculate white hat area and i am focusing on building software in that area.
Also, i dont think that100% passive is even possible, but you could reach a level where your product gets you enough income so that you become an entrepreneur
Re: Ask HN: Passive income ideas?
#141. Identify a problem that affects a significant market, and a problem that you can solve within reason yourself.
2. Create a solution that people are willing to pay for.
3. Sell it.
Tune out everything else. Ignore the gurus. Focus on the important things only and just do it. Tune out HN, tune out everything.
I would look into doing paid mobile apps. But you still need to have 1-3 nailed.
Definitely read PG's startup ideas article. You don't just sit down one day and think of startup ideas. It will come to you naturally because you will experience the problem. Any other way (other than partnering up with a problem experiencer) will yield fluff.
Re: Ask HN: Passive income ideas?
#15Save $200k and buy a 33% leveraged muni bond closed end fund, which are currently yielding approx 6% tax free at a 10% discount due to the recent bond selloff.
Disclaimer: if interest rates rise you will be unable to reclaim your principal but, generally speaking, this income stream should be pretty safe for the foreseeable future. And of course, $1000 a month today is not going to be as much in the future if inflation returns to 3%.
Re: Ask HN: Passive income ideas?
#16https://news.ycombinator.com/item?id=5207179 Discussion on making your own "Incredible Secret Money Machine".
Re: Ask HN: Passive income ideas?
#17I trade stocks as a hobby and have been able to make some money.
This of course is an easy thing to do when you are in the middle of a raging bull market, as we are now.
However, there are a number of reasons to believe assets are extremely over priced and yields are not compensating investors for the risk they are taking.
Re: Ask HN: Passive income ideas?
#181. Identify a problem that affects a significant market, and a problem that you can solve within reason yourself. 2. Create a solution that people are willing to pay for. 3. Sell it. Tune out everything else. Ignore the gurus. Focus on the important things only and just do it. Tune out HN, tune out everything. I would look into doing paid mobile apps. But you still need to have 1-3 nailed. Definitely read PG's startu…
Find a problem. Solve It. Charge For It.
Start off with a service you provide manually. If you get a good response, turn it into a tool or software that automates it in exchange for a monthly fee.
Stop looking for "easy get rich quick" ideas and find the annoying, difficult stuff that people want to offload from their task list. That's where the money is.
Re: Ask HN: Passive income ideas?
#19Re: Ask HN: Passive income ideas?
#20I trade stocks as a hobby and have been able to make some money.
It is not passive...