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Your best passive income? (2014)

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Re: Your best passive income? (2014)

#311
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.

Even I am making negative dollars a month Hosting a server and paying for Apple Dev Account http://albumsyncer.jyothepro.com Will appreciate any feedback - * The iOS App is Free

Re: Your best passive income? (2014)

#313
post #301
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 built a dozen or so educational apps. I started each on iOS then have ported a few to Android and Windows Phone. It hasn't yet been a great financial success, but it is almost entirely passive income now. Updating apps for UI changes like iOS 7, the iPhone 5 screen size, Holo, etc. are kind of a pain but not bad at all compared to constantly selling myself on new consulting gigs or chasing down non-paying customers…

Yeah, the breaking changes that accumulate over the years is the main nagging thing I have to keep up with. Since I use my apps myself, and tend to use beta iOS releases, I can usually catch these pretty early, but not always.

As an aside, I find it a lot easier to bring in consulting gigs if I aggressively open source tools that I make, and then promote those OSS projects. I find it more pleasant to tell people about free tools than to just promote myself alone, but they end up feeding into each other. Just my two cents.

Re: Your best passive income? (2014)

#314
Making $2-300/month off Android apps (AdMob). Despite best efforts, this is dominated by a soundboard app. Not what I expected, but we'll take it!

Internet yellow pages, www.ablocal.com, doing quite well. Can't disclose metrics, but it makes more than you probably would guess.

Domain sales - again can't disclose specifics, but in the $xx,xxx range this year from domains. Not a huge portfolio, but some good ones.

And we just launched Gold Plugins (last Friday), a membership club for our premium WordPress plugins. Hoping it will become a good vehicle, although we do pride ourselves on awesome support, so not that passive. Previously, we were selling these plugins separately, for about $1k/month. No stats on the membership system yet.

Gold Plugins: http://goldplugins.com/

I have some others, but nothing that's making enough money to be interesting! I'll add more if I think of them; we have a bunch of random properties.

Re: Your best passive income? (2014)

#315
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 r…

That's a great idea! People are always really pleased to see their sound turned into something they can look at. It never gets old to me...

Re: Your best passive income? (2014)

#316
post #159

Earlier quoted context omitted.

Is mining Bitcoin still proficient (except for ASIC makers, huh)?

Mining scrypt coins is proficient. I make $400/month with 2 machines I built 6 months ago.

Is that number before or after deducing electricity costs?

Re: Your best passive income? (2014)

#317

My iOS app that teaches you what a tesseract is and lets you manipulate it in 3D and 4D. https://itunes.apple.com/us/app/the-fourth-dimension/id50420... It blows my mind that people still find out about this app and happily buy it every day even though it occupies such a small geeky niche.

Wish you had an Android version :/

Kudos anyway, great idea and looks like a great execution as well!

Re: Your best passive income? (2014)

#318
post #154

My free-to-play Solitaire web app, at http://www.solitr.com/ . It's making a bit over $1,000 in monthly ad revenue. Traffic is at ~3k dailies. I did this as a weekend project 2 years ago, and at some point migrated my blog to it to pick up DomainRank. Other than that I've mostly left it alone.

You make a grand for 3 thousand daily visitors? That's much higher than I expected! Is it normal to earn over a thousand dollars a month for a few thousand daily visitors?

Re: Your best passive income? (2014)

#319
For me it's still residential real estate.

Between 2010 and 2012 or so I picked up some condos here in San Diego at short sale for about 1/3 of what their price was a few years earlier. I get about 1.5% of their purchase price every month in rent. At the same time, the property values have appreciated so the rents are starting to increase as well.

The longest I've had any of them vacant was about two weeks and that was only during the time I was replacing carpet, appliances, furnace, painting walls, fixing stuff, etc.

To make it completely passive I have a property manager (I live in the area, but I value my time). That along with HOA fees and real estate taxes eat into my bottom line, but combined it's only about 1/5 of the monthly rent.

These properties allowed me to quit my job, self-fund my company, and I'm actually putting money away every month. Go figure.

I'm not a real estate expert, but if you have any basic questions feel free to get in touch (contact info is in my profile). As background, I bought my first house at 21 and owned 5 homes by the time I was 27 (I'm 29 now). I was in the military until a few months ago, so I didn't make a whole lot, but I'm pretty good with money and invested wisely. I didn't grow up with much, so I learned what not to do with money. I'm also pretty deliberate about how I spend my money, which is different than being frugal.

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