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Your best passive income? (2014)

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Re: Your best passive income? (2014)

#291

Post by baconner »

silvertonia wrote: post #132
larrydag wrote: post #127

Earlier quoted context omitted.

I can assure you as my wife and I are starting into the rental business that leasing a residence is not passive.

If you're renting your first couple places, absolutely not. But at some point you hit a mark where you have a property manager doing all the day-to-day and a few leasing agents filling vacancies and it becomes as passive as you want it to be.

That's true. The same could be said of many of these software products. I think passive income is more about the goal of least ongoing direct effort to highest income than spending zero time.

Re: Your best passive income? (2014)

#293

Post by jbrooksuk »

mmayberry wrote: post #274

I own/operate a luxury resale business that specializes in high end womens fashion, art, cars, and collectibles. My only time expense is picking up the items... everything else I have automated. On a good month I can clear $10K+ and on a bad month $2-3K. I do all this without any advertising and the primary selling point of my business is thats its discreet and anonymous.

How does this work? Are you scraping other sites, then ordering them to yourself or something?

Re: Your best passive income? (2014)

#294

Post by jesalg »

Not nearly as successful as some of the other guys here but I have couple of avenues for passive income:

1) I make a few bucks a month off my reddit client: http://www.ruddl.com - I pay $0 for hosting on Heroku so I'm more or less net positive.

2) I also make a few bucks off my blog in tips: http://jes.al/blog/

I'm working on ideas for a SaaS product or even a book to add to that list.

Re: Your best passive income? (2014)

#296

Post by gknoy »

etherael wrote: post #166
kintamanimatt wrote: post #148

Earlier quoted context omitted.

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.

Please forgive my ignorance, but how do alternative coins work? Who uses them? I've only recently noticed Bitcoins being relatively widely usable, so how does the process work with alternative mineable coins? Do you convert them to dollars at some point or just mine and trade them for good/services?

Re: Your best passive income? (2014)

#297

Post by stevekemp »

acconrad wrote: post #111

I bring in 5-7k a year DJing and personal training. They're technically "work" but I'm literally getting paid to live out my hobbies I already do for myself, which to me is passive income. I would, however, like to turn a programming side project into something that's passive income.

Ditto for me.

I shoot hookers for money, photographically. The kind of mid/high-end ladies that have their own sites and galleries.

They're a hard market to get into, but frequently one girl will know another five or ten, and personal recommendations go a long way.

Those girls, and retired people who want pictures of their cats/dogs are the only consistent group of people who seem willing to pay for portraits/photographs.

Re: Your best passive income? (2014)

#298

Post by thekevan »

tybro0103 wrote: post #244
r4pha wrote: post #219

I'm making negative 15 USD/month hosting two side projects: http://srctree.net - A pastebin with version control http://blocksim.net - A poor man's online simulink-like thingy I am aware that there is a _lot_ of room for improvement in both services, but the fact that nobody uses it at all is not very motivational.

Same here for me with http://timebot.io/ I just have no clue how to go about getting customers.

Your "try it now" link doesn't go straight into trying it. I have to either pay money or share to FB. It may seem fine to you, but that's a redirect in the customer's mind. That was enough to stop me from trying it--even though I am struggling to get a freelance practice started and need hour tracking and invoicing help. You haven't shown me anything and are asking me to part with my money or my privacy just to see whether your products sucks or not.

Freelancers are going to be really used to trying tech for free before buying. They are a good market for freemium or even ad supported.

Not sure about this one but to be honest I was distracted by that robot cartoon character. I'm not even sure what he has in his mouth. It's just weird and makes me think you are 17. Hope that wasn't harsh, I would wager there's an emotional attachment to that robot, you or someone close is a great artist. Ditch the emotion and get something more product specific.

Re: Your best passive income? (2014)

#300

Post by mcmatterson »

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…

I've been a loyal oScope users for ages; I once used it as my front panel in a Halloween robot costume, and it blew people's minds that they could talk to me and have it show up on my 'belly screen'. A very useful tool indeed.

One thing that I've always wanted it to do is to be able to horizontally move/scale the frequency domain plot. Most of the time I'm using it, I only really care about the low frequency (vocal range) component.

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