I bring in 5-7k a year DJing and personal training. They're technically "work" but I'm literally getting paid to live out my hobbies I already do for myself, which to me is passive income. I would, however, like to turn a programming side project into something that's passive income.
Your best passive income? (2014)
111–120 of 437 posts
Re: Your best passive income? (2014)
#112I created the app 3dweapons for Android about 2 1/2 years ago. ( http://www.3dweapons.net ) The free version was downloaded >1.7 million times. The paid version around 8k times. I added adds from multiple sources (mopub, admob etc) and in app purchases. For the paid app: In the top months (2 years ago) I made around 800 euro. But it dropped to 90 euro per month currently. For in app purchases: I am making 30 euro per…
So another 3 months to buy a Motorola Xoom ;-)
Are you planning an iOS version?
Re: Your best passive income? (2014)
#113Why does everybody list books, webapps and mobile apps as passive income? I hope you created them yourself. Then they are not passive income but a product. Like every product they have a lifetime, then you need a new product. Therefore you actually have a first or second active business and not a passive income. "Passive income" is rent for condos you own, or having shares in your friend's profitable business that yi…
I think in the tech circle, passive income is used to refer to something you could ignore for 6 weeks and it would still be earning you money. Most of the 'work' people put in seems to be increasing revenue rather than maintaining it, although yes I agree it isn't completely passive. The same could be said about your condos too though, they'll need to refurbished every few years. Unless you are outsourcing everything, you'll need to do some management of that yourself.
Re: Your best passive income? (2014)
#114Why does everybody list books, webapps and mobile apps as passive income? I hope you created them yourself. Then they are not passive income but a product. Like every product they have a lifetime, then you need a new product. Therefore you actually have a first or second active business and not a passive income. "Passive income" is rent for condos you own, or having shares in your friend's profitable business that yi…
I think you're missing the obvious: "passive" and "income". Passive income is income you earn passively, and in the context of the opening topic, it generally refers to something you've created yourself (whether the product, the system that sells it, or both), which is earning you money with a relatively low amount of ongoing work.
Re: Your best passive income? (2014)
#115I created the app 3dweapons for Android about 2 1/2 years ago. ( http://www.3dweapons.net ) The free version was downloaded >1.7 million times. The paid version around 8k times. I added adds from multiple sources (mopub, admob etc) and in app purchases. For the paid app: In the top months (2 years ago) I made around 800 euro. But it dropped to 90 euro per month currently. For in app purchases: I am making 30 euro per…
Do you have a way to tell how many of your paid installs are legitimate?
See how much Google sends you every month?
Re: Your best passive income? (2014)
#116Owning a flat in Moscow and renting it out? Easily 1000$/mo. You can live in Thailand on that money.
Or worse like where I live (Switzerland), people rent flats, then subrent them for a lot more and go live in Thailand (or somewhere else). And then we all complain because the prices for (renting or buying) flats is insane here.
The final price is determined by supply versus demand, not by the number of subrenters in chain.
The real problem in your situation is that these people are able to rent flats for sub-market prices. But it's not your problem. Your problem is that you don't have enough realty supply. And/or more people who want to live in interesting city than interesting cities of Switzerland can house.
The latter seems to become a major problem in most countries.
Re: Your best passive income? (2014)
#117Re: Your best passive income? (2014)
#118Owning a flat in Moscow and renting it out? Easily 1000$/mo. You can live in Thailand on that money.
Or worse like where I live (Switzerland), people rent flats, then subrent them for a lot more and go live in Thailand (or somewhere else). And then we all complain because the prices for (renting or buying) flats is insane here.
Don't know about EU laws, but in Russia every apartment rent agreement I've seen (which is statistically insignificant amount, maybe 4-5 agreements) had explicitly prohibited reselling/subrenting.
Re: Your best passive income? (2014)
#119My iOS app that teaches you what a tesseract is and lets you manipulate it in 3D and 4D. https://itunes.apple.com/us/app/the-fourth-dimension/id50420... It blows my mind that people still find out about this app and happily buy it every day even though it occupies such a small geeky niche.
Cool! My mom showed this to me (she's a maths teacher) In fact it was the first app she ever bought! She just loves showing it to all her science colleagues! That really is an awesome app!
Re: Your best passive income? (2014)
#120I run a couple of language learning sites. Doesn't make me rich but pays the rent. :)