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Your best passive income? (2014)

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231–240 of 437 posts

Re: Your best passive income? (2014)

#231
I'm currently earning around $45-60 a day mining cryptocurrencies with a little over $5000 in hardware. Once setup it's completely passive.

Edit: ROI could be improved a bit on this too since I intentionally bought hardware that was good to experiment with rather than optimizing ROI.

Re: Your best passive income? (2014)

#232
I created a web game called Pit of War (http://www.pitofwar.com) about three years ago and it has been generating enough monthly income to pay all my bills and affords me the ability to travel and live anywhere I like. It isn't completely passive but that is because I choose to add new features and updates. It is a niche game but the Internet is a big place with lots of people. :) Books like The Long Tail and The Curve have taught me that you don't need to have the #1 product in an industry to make a good living.

Re: Your best passive income? (2014)

#233
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 barely affords you service, let alone the right to be dissapointed that your feature request was not immediately implemented. Are you really expecting enterprise level customization for a $5 app?

Re: Your best passive income? (2014)

#234

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 rea…

Wow - this is awesome - good for you! I'll have to look into tumblr hosting - what are the limitations? Do you ever find yourself locked into a blog-like schematic? But also, if you're so successful with a passive approach, it sounds like you've found a real market demand. Have you considered taking a more active approach given the success? How long would you say this took you to setup initially?

Thanks! Yes there are many limitations. And yes it is definitely locked into a blog-like schematic. It's not really for making a "website"... it's for writing a simple blog - thankfully that's all BWB is :)

I definitely think the active approach will yield greater results, but right now I'm doing even more interesting things in my day job and other side projects that I enjoy. This gives me the freedom to keep doing those things :)

As for initial setup, I rolled it out in the same afternoon I had the idea and incrementally built on it from there. It's certainly nothing like it was when I began it.

Re: Your best passive income? (2014)

#235
post #211

I wrote a sci-fi short novel that received a good feedback (surprisingly not at Amazon, where nobody has reviewed it). It's placed at the iBookstore and the Kindle store, and it sells some units from time to time: http://www.amazon.com/value-memories-Carlos-Paramio-Danta-eb... https://itunes.apple.com/en/book/the-value-of-memories/id573...

Are you just doing the 35% rate on Amazon since you're below $2.99?

Re: Your best passive income? (2014)

#236
My first source of passive income came this year. It's an app for rooting (and then fixing some problems on) a modem used for U-Verse(https://play.google.com/store/apps/details?id=com.earlz.nvg5...). I've only made a handful of $100 bills with it, but the extra income is welcome.

The amount of work I've actually had to do was really quite little. I had to do initial development, and then fix some bugs. Then, it just sat there and brought in $5-20 a day. Eventually AT&T patched the original exploit I used for root access so I had to do research and development to find a new one and implement it, which took about 2 weeks or so. And since then, it's just been sitting there bringing in bits of money. I plan on adding some often requested features over the next month though

Also, I provided the app only for convenience. The information on how to root the modem for free is published freely on my blog, I just provide the app because I know that the steps required are too complicated for many people

Re: Your best passive income? (2014)

#237

Earlier quoted context omitted.

I use also tumblr platform (very underrated IMHO). If you can adapt your website/blog to it you get a decent free hosting. However if your blog depends on SEO I would not recommend it (unless you develop a custom theme and really know what you are doing).

I totally agree that Tumblr is underrated. It's by no means perfect for SEO, but I haven't found it a problem. Would certainly be nice to have a little more control over certain bits, but it hasn't been detrimental to mine, now PageRank 7 (if that still means anything?)

galfarragem: It depends on the kind of site you want to run ultimately, but personally I think you made the right choice.

You have had free hosting, no headaches of a hacked site or overloaded server, minimal downtime and a thriving social system all rolled into one.

I think PageRank 4 is incredible - there are millions of sites that would love that! What's your site?

Re: Your best passive income? (2014)

#238

Earlier quoted context omitted.

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…

Nothing against you specifically astral303, but this is exactly why I will probably never build a stand-alone mobile app.

I re-read my post and I realize I do sound like a whiny asshole for not getting feature requests for a $5 app.

Good perspective.

Re: Your best passive income? (2014)

#240
post #226

Earlier quoted context omitted.

Thanks! I had a business partner who is an architect and she did most of the artwork but we designed it together. It took us 3 years and was kind of a hobby. Now it's quite time consuming to do VAT tax every 3 months and keep records. BTW physical products are so much more work than anything I did on the web. I'm hoping to do a world map next though.

Firstly that is a very nice map. Do you have any plans to do any other cities or is it a one and done kind of project? Secondly, (and this is a shameless plug, sorry) if you're finding keeping up with VAT a pain and you're a small business take a look at FreeAgent ( https://freeagent.com/harry - the referral code will get you 10% off). I work for them and it sounds like it might be of use.

So it's vintage 2012 (like a wine), we might do another vintage in 2015 or 2016. I'd like to do other cities but I don't have so much time right now.

Thanks for the link. I tried some software before but no matter what you use, you still have to do manually keep the records. Given that, I'll just deal with the paper work until it generates enough money to pay for someone to do it.

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