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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?

#91

Post by ytjohn »

tomek_zemla wrote: post #85
simonhamp wrote: post #62

I run Built With Bootstrap ( http://builtwithbootstrap.com ) that brings close to $2,000 on average each month in "mostly passive" income. How? Here are a few things that have helped: 1) I got lucky - I jumped on something early and got picked up quickly and rode on the back of a giant gorilla as it kept getting higher and higher - right place, right time 2) I keep costs low - I use Tumblr (free) and cheap, pluggable…

It's a nice and clear summary. You could probably expand it into mini book - one page per each point listed - and sell it for additional revenue...

It'll take some work. You'll need to put an interesting quote on each page and then some anecdote from the author's life that may or may not be related to the the point at the top of the page. If author does not have enough interesting stories to write up, they may have to borrow them from reddit or such.

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

#92

Post by simonhamp »

tomek_zemla wrote: post #85
simonhamp wrote: post #62

I run Built With Bootstrap ( http://builtwithbootstrap.com ) that brings close to $2,000 on average each month in "mostly passive" income. How? Here are a few things that have helped: 1) I got lucky - I jumped on something early and got picked up quickly and rode on the back of a giant gorilla as it kept getting higher and higher - right place, right time 2) I keep costs low - I use Tumblr (free) and cheap, pluggable…

It's a nice and clear summary. You could probably expand it into mini book - one page per each point listed - and sell it for additional revenue...

Just trying to be helpful. If you have some constructive advice, please feel free to share

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

#93

Post by andruby »

patio11 wrote: post #84

If you're willing to work five hours a month on your passive income project, then I suggest doing five months of work on Passive Rails Consulting, as that has minimal execution risk. Can I make a suggestion? Most people who say "passive income" spend a lot of time fantasizing about the lifestyle relative to actually producing value. It is not terribly difficult to produce value as a programmer. Concentrate on produci…

What do you mean with "Passive Rails Consulting"?

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

#94

Post by patio11 »

andruby wrote: post #93
patio11 wrote: post #84

If you're willing to work five hours a month on your passive income project, then I suggest doing five months of work on Passive Rails Consulting, as that has minimal execution risk. Can I make a suggestion? Most people who say "passive income" spend a lot of time fantasizing about the lifestyle relative to actually producing value. It is not terribly difficult to produce value as a programmer. Concentrate on produci…

What do you mean with "Passive Rails Consulting"?

I mean he should build custom software for a business in exchange for money. It's a joke, because freelancing is the canonical example of something which is not "passive income."

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

#95

Post by Artemis2 »

fillskills wrote: post #54
Red_Tarsius wrote: post #12

I'd give a read to Start Small, Stay Small (www.startupbook.net) and other startup literature. Study Paul Graham's essays (www.paulgraham.com). Random ideas: - Start something like skoshbox.com, but with Indian goodies. You may not realize it, but foreign countries crave Indian tastes and flavors. I would probably pay for a monthly delivery of Indian spices and sweets. - Start a podcast on a passion of yours. Offer f…

- Also love the Omegle meets Paint idea. Easy to code, hard to market.

It's especially hard to maintain a website suitable for children on an Internet full of criminals.

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

#97

Post by Artemis2 »

TomGullen wrote: post #21

Passive income is generally a unicorn

No. It's just that there's no magical recipe for passive income. The best earners invent their methods, and often don't realize that they are building products suitable for passive income generation.

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

#98

Post by xtrumanx »

bennesvig wrote: post #17

Listen to James Altucher's podcast with SJ Scott. He made 40k last month by continuing to publish several books to amazon.

Link[0] for the lazy. I'm kinda curious as I had fun writing some articles in the past and know someone who's been talking about writing book for Amazon/Kindle. Might be fun.

http://www.stansberryradio.com/James-Altucher/Latest-Episode...

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

#99

Post by silver1 »

imaginenore wrote: post #41
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 electron…

Dropship: In india its an untapped opportunity ... someone can just create a fortune by even tapping 1% of the market - of course its a little bit of work.

Buying from Manufacturer: again its a haven if you can find a niche product ... there are millions of manufacturers in small cities in india who create fantastic products ... you do little bit of research about what is selling or trending and start with small inventory .... some investment for trial and error is required but not difficult to catch a niche in couple of months ...

Flippa: now a days flippa has become more careful about listing fake sites - there are many tools ... one of the is services offered by Centurica ... they do thorough due-diligence for you (especially revenue and profit claims)...

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

#100

Post by silver1 »

rtcoms wrote: post #48
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

now a days flippa has become more careful about listing fake sites - there are many tools ... one of them is offered by Centurica ... they do thorough due-diligence for you (especially revenue and profit claims)... also you can ask for skype meeting to show you actual online inflows and outflows of money, email list, etc.
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