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Ask HN: Your Passive Income Suggestions?

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231–236 of 236 posts

Re: Ask HN: Your Passive Income Suggestions?

#231
post #53

Sounds like it's just really, really hard to get people to hand you money. If you already have a paying job, you're way ahead of the game. Maybe the best strategy is to just look for higher paying jobs.

You can add $x0,000 to your annual income today by just asking for it (correctly).

http://www.kalzumeus.com/2012/01/23/salary-negotiation/

Re: Ask HN: Your Passive Income Suggestions?

#232

I recently created http://filepiper.com , still busy validating the idea, then get someone to pay :) I always wonder if software products are really the way to go. Getting initial traction is seriously hard

Great Idea! At my day job we occasionally (ie: a couple times a year) need customers to send us "large" files (too large to email) and the customers do not typically themselves have enough technical ability to "host" it (be it through dropbox/google drive/etc) themselves. I spent a couple days looking for something similar a year ago and ended up with a dated product at a very expensive price. [Our web-hosting is cur…

Thanks for the feedback! Your use case is exactly why I started the project, I have very similar issues daily. It is definitely working. the idea behind the free for now was to entice early adopters.

At the current sign up rate I will remove that in about a week or two.

Thanks again for the feedback :)

Re: Ask HN: Your Passive Income Suggestions?

#233
post #17

* Apps with ads in them. Easy enough to churn out, but decreasing revenues and most of the high earning adverts are the scummiest. Low value and of low moral usefulness. * Solar Panels. In the UK, the government pays you per kWh generated. Needs an upfront investment, but stable income and you reduce your own energy bills. See http://shkspr.mobi/blog/tag/solar * Renting out property. Needs a much larger initial inves…

I have had some success in affiliate marketing using an approach that I think many on Hacker News could duplicate. I launched my Amazon affiliate site about a year-and-a-half ago and its earnings have increased by about $100 per month with December being the first time I earned over $2,000 in a month. The approach is to find a type of product where Amazon has thousands of listing but the specifications are not very a…

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Re: Ask HN: Your Passive Income Suggestions?

#234
post #85

Earlier quoted context omitted.

Any guides or links to get started on this kind of thing?

Either he means exploiting bonus programs for new members, which is hardly sustainable and unless there's an endless supply of those. Or it's your regular arbitrage gaming, which is also hardly worth the effort and not free of risk. If it's an arbitrage scheme in an exchange, where the quotes might vary over time, your are gambling and at that you are probably playing the bookie who always has the better latency.

It's a combination of both. Initial signups is not sustainable, for sure, but there are some regular offers from a lot of bookies that are exploitable not for guaranteed profit, but "EV+" opportunities. This is where my consistent side income comes from.

Re: Ask HN: Your Passive Income Suggestions?

#235
post #85

Earlier quoted context omitted.

* Also UK focused - Matched Betting. Exploiting Bookmakers signup/recurring offers for a guaranteed profit. This is good for an early surge of ~£2k followed by a pretty easily achievable £200-£500 per month for <5 hours commitment per week.

Any guides or links to get started on this kind of thing?

There are plenty of services that are paid and not set up in your best interestes (Profit Accumulator is the most popular these days).

If you're interested I highly recommend the MoneySavingExpert Matched Betting forum - http://forums.moneysavingexpert.com/forumdisplay.php?f=41

It is free, unbiased (lots of the specifically tailored sites like PA mentioned above have affiliate deals which reduce the amount you can earn) and active.

Discussion on the MSE forum is restricted to what they define strictly as "risk free", not "EV+" opportunities, but that's a healthy start.

Their definition of risk free is making a guaranteed profit regardless of the outcome - Either natural arbitrage or an offer-dependent forced arbitrage.

Re: Ask HN: Your Passive Income Suggestions?

#236
post #85

Earlier quoted context omitted.

Any guides or links to get started on this kind of thing?

Either he means exploiting bonus programs for new members, which is hardly sustainable and unless there's an endless supply of those. Or it's your regular arbitrage gaming, which is also hardly worth the effort and not free of risk. If it's an arbitrage scheme in an exchange, where the quotes might vary over time, your are gambling and at that you are probably playing the bookie who always has the better latency.

"arbitrage scheme in an exchange, where the quotes might vary over time" - The nature of arbitrage is that the profit opportunity is available at a single moment.

What I interpret your explanation as is more akin to trading - Buying backs at a time and waiting for odds to fluctuate at an exchange for a sale.

Although there is no (simple) way of doing a pure arb between a bookie/exchange, all the popular exchanges expose existing liquidity in a market and you can quite safely reduce the risk by double checking available liquidity at the exchange in the seconds before placing your back bet.

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