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Ask HN: How to start earning $500/month in passive income in next 12-18 months?

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Re: Ask HN: How to start earning $500/month in passive income in next 12-18 months?

#41

Post by imaginenore »

silver1 wrote: post #26

Either you can sell your own product/services or sell someone else's product/services ... - Take advantage of growing e-commerce in India - sell other peoples product ... buy directly from manufacturer and sell it to consumers thru platforms like Flipkart, Snapdeal, etc. ... most of the manufacturer in tier-2 and 3 cities dont have a clue about e-comm selling so help them out and make a good return... - Start affilia…

Drop-shipping is a still-born idea. 99.9% of the time you will not make money, and will spend time advertising someone else's product.

Same with "buy from the manufacturer" - unless you have a lot of storage space, and enough money to hold a lot of inventory, you can't even get into that business. That's assuming the product can even be stored for long periods of time without depreciating (pretty much all of electronics is out of the question then).

Many of Flippa businesses have fake numbers, be very careful. They buy traffic to get Analytics, and when they get a few months of it, they post it on Flippa.

Re: Ask HN: How to start earning $500/month in passive income in next 12-18 months?

#42

Post by simi_ »

euroclydon wrote: post #11

Build curated lists of small businesses in the US. I mean really quality spreadsheets, with city, state, address, owner name, contact name, email, phone, etc. Do this for business categories, like: bakeries, caterers, dentists, doctors, plumbers, etc. For the doctors and such, I would focus on small town entities who are not part of a large medical practice. Then you sell exclusive, limited access to the list. The in…

For UK: https://www.duedil.com/

Re: Ask HN: How to start earning $500/month in passive income in next 12-18 months?

#43

Post by santhoshr »

From Bangalore too. Amateur programmer, but have a ton of experience and networks in a niche sector. I pull in decent amount of money in passive income.

(1) I would say focus first on value rather than money. I delivered my service for free or on trial basis for almost 6 months before clients signed up to pay.

(2) As a freelancer, focus on long-term retainer relationships, built on your value-proposition. And work with clients who have solid reliable cash flows. This way, your income would be guaranteed via 1-2 year contracts.

(3) Please stay away from consumer focused businesses/services if you are looking for small side income (this can be your focus for your big main start-up idea). B2B is always better. The only exception I think is if you get lucky in the app economy or if you could build 1m+ page-view site (Amit Agarwal)

Re: Ask HN: How to start earning $500/month in passive income in next 12-18 months?

#44

Post by frpt77 »

johnnyio wrote: post #4

Become French resident, you will have a guaranteed living income of 434Euros (600$)

Really?!

As an EU citizen can't I just relocate there and collect without ever having contributed to french social security?

Doesn't seem to make much sense...

Re: Ask HN: How to start earning $500/month in passive income in next 12-18 months?

#45

Post by jqm »

[deleted] wrote: post #38

[deleted]

So... in other words, generate passive income by telling others how to generate passive income.

(presumably you don't tell them the way to generate passive income is by telling others how to generate passive income because that would saturate the passive income training market no?)

Re: Ask HN: How to start earning $500/month in passive income in next 12-18 months?

#46

Post by zura »

shabinesh wrote: post #36

I am from Bangalore. I freelance as a python developer. Tough this is not passive income this might give an idea: Billing $20/hr (that's what we get in Bangalore), getting $500 a month from a single client is very easy. But finding few more clients will get you more than what you want. You will also get a lot of time. Toughest part is getting the client, good clients usually come from your contacts. Another thought,…

>Billing $20/hr (that's what we get in Bangalore)

Just one correction, it is not because you're in Bangalore, but because you're asking $20/hr. I suggest next time ask 4-5x more and see what happens...

Also, you aren't limited to Bangalore or India... especially if you're a webdev. Try finding some remote gigs.

Re: Ask HN: How to start earning $500/month in passive income in next 12-18 months?

#47

Post by Confusion »

duiker101 wrote: post #2

Make something that people are willing to pay for. I have a series of project, each makes a relatively small amount/month but all together make a decent passive income, not enough for me to live on but I am sure that you can probably do something similar. Try many ideas and see if you can find something people need.

Make something that people are willing to pay for and able to find.

Re: Ask HN: How to start earning $500/month in passive income in next 12-18 months?

#48

Post by rtcoms »

silver1 wrote: post #26

Either you can sell your own product/services or sell someone else's product/services ... - Take advantage of growing e-commerce in India - sell other peoples product ... buy directly from manufacturer and sell it to consumers thru platforms like Flipkart, Snapdeal, etc. ... most of the manufacturer in tier-2 and 3 cities dont have a clue about e-comm selling so help them out and make a good return... - Start affilia…

How to find genuine website on flippa. I saw many listing but didn't find anything which convinced me
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