Live data from Hacker News

Ask HN: Passive income ideas?

news.ycombinator.com

101–110 of 180 posts

Re: Ask HN: Passive income ideas?

#101

Here is a problem that I would pay a subscription for a great solution to: Cron as a service. Sometimes when you set up a simple codestack on Heroku or Parse or similar, it would be great to be able to specify a web hook that should be called repeatedly just to run maintenance code, summarize scores, clean up logs etc. If you have root access you can set up cron but this is not always the case, and I think it would b…

I suggest https://www.webscript.io/

Re: Ask HN: Passive income ideas?

#102

How's your maths? Here's something I'd pay quite a lot for: intelligent inventory optimisation in an easy to use SaaS format. Quite mathematically intensive to do well, so most SMEs don't have the skills, but directly saves money so has a clear value proposition. Some pointers for an MVP I think might be sensible: Model stock arrival and product ordering as Poisson point process with probability based on recent data…

There seems to be a lot of competition in this field. Did you evaluate existing services? It's an interesting problem.

Re: Ask HN: Passive income ideas?

#103

I hate to be the cynic (lies), but there's no such thing as a "passive income". The moment you put your service online you'll have active maintenance and support, even if you don't charge for it. The other problem is that if you solve a problem well, it's actually extremely hard to avoid the business scaling. Once the revenue goes past 1k/month, it'll carry on going, and few people can bring themselves to remove purc…

If you're willing to take the long tail hit, you can avoid maintenance and support.

See: apps that are 2-3+ years old, still collecting $$$ without updates.

Re: Ask HN: Passive income ideas?

#104
post #31

Passive income isn't. Lots of little projects may look like passive income but almost all of them (not saying it can't be done but I just have not seen any) have some kind of overhead. It may be better to search for something that can be started small but that you can eventually scale.

When people say they want "passive income", I take it to mean "I want to start a tiny business and then neglect it and hope it dies slowly".

In my experience, tiny SaaS businesses tend to grow when neglected, rather than die.

Once a product is good enough for people to start signing up for and using, it often doesn't require much more development work. As long as people can find it, more people will sign up than cancel in any given month.

"Passive" is a really good way to describe the experience of owning one of these little businesses, once you've dialed things in so that the support workload is measured in hours/month and you're firing up the IDE maybe twice in a heavy month.

Re: Ask HN: Passive income ideas?

#105
post #31

Earlier quoted context omitted.

When people say they want "passive income", I take it to mean "I want to start a tiny business and then neglect it and hope it dies slowly".

I take it to mean "I want to start a small business with a fixed up-front investment and eternal steady income". I don't think they hope it dies slowly, it is just that it will die slowly.

[deleted]

Re: Ask HN: Passive income ideas?

#106
Think of problems, outline a solution into a video and a pitch, put it on kickstarter and market. You only need to implement it after you received the money (the lean startup method).

To find problems, do searches on google, yahoo answers, and twitter. Look at the bureau of labor job outlook handbook online and see which parts of each job could be eased with software, or whether online marketplaces could be created (taxi drivers -> uber, hotel desk clerks -> airbnb). Also, each section of craigslist is potentially a online marketplace.

Grab data and build recommendation systems. Movie, music, book, stock/currency prediction, photo, video, blog, vacation, sentiment, patents, similar people (from facebook/twitter/blogs).

Programmatically generate data visualizations and put them on youtube, slap ads on.

Build control systems for drones to automate transportation/photography/surveillance/games. Look at the academic research and commercialize it. Drones that can play catch games, deliver orders to tables, do photography for functions/weddings, do surveillance of perimeters of offices/homes.

Re: Ask HN: Passive income ideas?

#107

I've also been thinking of the exact same thing myself, something which will generate enough profit to pay off bills, buy something nice and invest a little in growing the idea. Recently I've been working on https://www.emlipo.com which was scrutinized by HN for essentially being "little code nobody would pay for". So I've not really wanted to work on that now. Still, there will be something out there I'm sure. By th…

That semicolon (;) in your footer should be a colon (:). [0]

[0] http://i.imgur.com/VHYGbSd.png

Re: Ask HN: Passive income ideas?

#108
post #71

Some options: 1) Do you have freelancing or other experience which has exposed you to multiple people with similar problems? For example, have you implemented the same "$()#% authentication system for a web application 20 times? Package up that one little piece of the puzzle into a scalable way to teach people to do it without needing to have you or someone similarly skilled on their team. Common form factors include…

As an aside to (2). You might not even need to go as far as creating and marketing a full SaaS. I know small businesses that are paying $100-$1000/month for small little services or manually doing tasks at similar costs. Automate/replace their stuff with some bespoke code and share the savings.

Re: Ask HN: Passive income ideas?

#109

Here is a problem that I would pay a subscription for a great solution to: Cron as a service. Sometimes when you set up a simple codestack on Heroku or Parse or similar, it would be great to be able to specify a web hook that should be called repeatedly just to run maintenance code, summarize scores, clean up logs etc. If you have root access you can set up cron but this is not always the case, and I think it would b…

> Reliability is key, your service needs to never ever fail. Then that sounds like it need a serious full time commitment. The OP seems to be looking for a specific category of ideas that require minimal maintenance, rather than any ideas.

100% uptime is impossible. Remember you can get 99% uptime (2 nines) if you're down for 4 days in a year.

Re: Ask HN: Passive income ideas?

#110
post #71

Some options: 1) Do you have freelancing or other experience which has exposed you to multiple people with similar problems? For example, have you implemented the same "$()#% authentication system for a web application 20 times? Package up that one little piece of the puzzle into a scalable way to teach people to do it without needing to have you or someone similarly skilled on their team. Common form factors include…

Shameless plug: I'm compiling methods for finding those SaaS patterns: http://howtofindsaasideas.com/

(If you're a HNer, respond to the signup email and I'll give you an extra discount once it comes out.)

Post reply on HN