Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Your best passive income? (2014)

news.ycombinator.com

Post reply on HN
Print view View original

161–170 of 437 posts

Re: Your best passive income? (2014)

#161

Post by simonhamp »

I run Built With Bootstrap (http://builtwithbootstrap.com). It's making 4 figures a month at the moment.

It's mostly passive income as I spend no more than a few hours per week actually working on the site. Though I spend considerably more monitoring the stats and feeds etc etc

My biggest win with this site is the extremely low cost to run it - something I want to talk about more if anyone's interested. My only real regular cost is the domain name! Pretty phenomenal for a site that continues to attract thousands of visitors per day :) a model I'm proud of and hopefully can continue!

But of course, all standing on the shoulders of giants! Many thanks has to go to far more talented people than me... both for the site's foundations and it's popularity.

Re: Your best passive income? (2014)

#162

Post by danesparza »

astral303 wrote: post #131
eo34 wrote: post #88

A few years ago, I wanted to build an oscilloscope in my pocket, so I went ahead and did it. Then I wanted a spectrum analyzer, and then an equalizer. 1) oScope — an oscilloscope in your pocket. https://itunes.apple.com/us/app/oscope/id344345859?mt=8 2) Octave — a real-time audio analyzer. https://itunes.apple.com/us/app/octave-an-rta-for-the-iphone... 3) Fourier — a spectrum analyzer. https://itunes.apple.com/us/app…

Here's a perspective from the other side: I purchased Octave and having used it, and asked for a small feature (single-tap to pause). You told me that you don't have much time and will work on this feature when you have time. I understand that, but it's disappointing from the consumer point of view. I wish I knew that before I dropped $5. Basically, it sucks to be stuck on the "passive" receiving end of a passive inc…

$5 is cheap. By any standard. You proved it yourself, by purchasing the app BEFORE emailing him. If you think it's expensive, I trust you can outsource building a replica of the app for less than $5.

Re: Your best passive income? (2014)

#163

Post by harvestmoon »

I wrote a book on adult ADHD. I published it 3.5 years ago, and it brought in $75 last month.

It used to bring in more, but some people wrote very negative reviews which were upvoted, so its sales dropped.

I don't feel too bad because many people who read it say it is unusually helpful and accessible.

Re: Your best passive income? (2014)

#164

Post by gremlinsinc »

scotty79 wrote: post #80

Few bitcoin Antminers. They are paying as much as I'll be earning at my new job I'm starting with the beginning of the February. I basically cloned myself in terms of income by buying them. They should pay for themselves in 3-4 months. I'm not sure if that's passive income or capital gain though.

I'm currently building out a Altcoin(scrypt) mining setup, I started w/ 1 7950 @ $8/day.

I'm reinvesting this week on 3x R9 270s, with a goal of buying new hardware w/ all my earnings for 2 months.

Doing a calculation using a loop, and tallying up daily earnings, and subtracting new hardware when x = cost of new gfx card, I calculated in 90 days I'd be earning 120 per day passively.

I'm also wanting to sell 'shovels' so to speak, pre-made rigs, and mining contracts. Eventually I'll diversify some and get an asic when I can afford it.

Re: Your best passive income? (2014)

#166

Post by etherael »

kintamanimatt wrote: post #148
etherael wrote: post #144

Earlier quoted context omitted.

That depends, he might be day trading with a bot, that's (largely) passive.

That would indeed be passive income but OP appears to have bought the coins a year ago and has kept them as a speculative investment. Seeing as the wheel of fortune has landed on Tuesday, OP has made a capital gain! :-)

I mined a bunch of coins two years ago but now I mine scrypt altcoins which turn a better profit with GPUs than btc. I also run day trading bots which trade with my cryptocurrency portfolio in general, including bitcoin, litecoin, ad et al.

So at least one person is definitely getting passive income this way, and I'm almost sure I'm not alone.

Re: Your best passive income? (2014)

#167

Post by nkuttler »

3pt14159 wrote: post #141
nkuttler wrote: post #136

Oh well, it's hardly an income but I created a rhyming dictionary years ago where one adsense container pays for all my personal hosting bills. http://rhymebox.com/ http://rhymebox.de/

I've used this a bunch of times for my sick raps! Thanks :)

Great :-)

Re: Your best passive income? (2014)

#168

Post by taigeair »

Current passive income for me - blog and niche sites with articles (ads e.g. http://www.flagshipstorelondon.com/), e-commerce business (sales), ETFs (investments), and teaching a skill.

Flagship stores - I went around taking pictures of the best of the best stores for the top retail brands in London and made a directory. Created page on Blogger.

Ecommerce business is my best passive income. It's a physical product I really wanted so I made it. It's a map of London but made in the historic style. http://www.wellingtonstravel.com

I still need to spend time on it because I am customer service, legal, accounting, finance, marketing, IT, R&D, and operations. I have outsourced manufacturing and fulfillment to someone I found on https://sortedlocal.com/ and Amazon's FBA. It's great because it's more money and something I'm passionate about but it definitely takes 5-7 hours a week.

The teaching one is interesting in particular because it leverages your strengths, improves your communication, and is probably something you really enjoy since you took the time to get good at it (i.e. sailing, swimming, kettlebell workouts, or even English). I wrote a post about teaching English (http://www.taigeair.com/websites-to-help-you-teach-english-o...) for people who complained they couldn't find a job so did nothing all day, but they could be teaching a special skill which is what I did when I became unemployed. I learned code, created a few websites, interviewed, and taught swimming.

And rental income is good but definitely, not very passive...

Lastly, I'm developing a really cool website for helping people sleep which I can see being profitable.

I'd like to hear how much time you spent or are spending on these side projects. Also I heard babies are a time and money sink. So I'd be interested in hearing about people doing side projects/passive income with kids.

Re: Your best passive income? (2014)

#169

Post by weavie »

I wrote a trading simulator app for iOS. It's not a huge earner, but does give me some pocket money. It's not exactly passive either since I still develop on it, but I would probably be doing it anyway - the fact people buy it is just a bonus.

https://itunes.apple.com/us/app/spoof-trader-trading-simulat...

Re: Your best passive income? (2014)

#170

Post by sjs382 »

astral303 wrote: post #131
eo34 wrote: post #88

A few years ago, I wanted to build an oscilloscope in my pocket, so I went ahead and did it. Then I wanted a spectrum analyzer, and then an equalizer. 1) oScope — an oscilloscope in your pocket. https://itunes.apple.com/us/app/oscope/id344345859?mt=8 2) Octave — a real-time audio analyzer. https://itunes.apple.com/us/app/octave-an-rta-for-the-iphone... 3) Fourier — a spectrum analyzer. https://itunes.apple.com/us/app…

Here's a perspective from the other side: I purchased Octave and having used it, and asked for a small feature (single-tap to pause). You told me that you don't have much time and will work on this feature when you have time. I understand that, but it's disappointing from the consumer point of view. I wish I knew that before I dropped $5. Basically, it sucks to be stuck on the "passive" receiving end of a passive inc…

You bought a product. You did NOT contract a developer. Your expectations do not reflect this.
Post reply on HN