371–380 of 437 posts
At the end of 2013 I launched http://www.comedylib.com/ . It's a site with curated Youtube videos of comedians, comedy shows and comedy movies. I built this out of my passion for comedy and because I wanted to have only comedy videos in one place and not the mix that Youtube offers. It's not making any money yet, but I haven't put much effort into promoting it so far.
Why does everybody list books, webapps and mobile apps as passive income? I hope you created them yourself. Then they are not passive income but a product. Like every product they have a lifetime, then you need a new product. Therefore you actually have a first or second active business and not a passive income. "Passive income" is rent for condos you own, or having shares in your friend's profitable business that yi…
Why does everybody list books, webapps and mobile apps as passive income? I hope you created them yourself. Then they are not passive income but a product. Like every product they have a lifetime, then you need a new product. Therefore you actually have a first or second active business and not a passive income. "Passive income" is rent for condos you own, or having shares in your friend's profitable business that yi…
I think in the tech circle, passive income is used to refer to something you could ignore for 6 weeks and it would still be earning you money. Most of the 'work' people put in seems to be increasing revenue rather than maintaining it, although yes I agree it isn't completely passive. The same could be said about your condos too though, they'll need to refurbished every few years. Unless you are outsourcing everything…
[1] http://www.investopedia.com/terms/p/passiveincome.asp [2] http://en.wikipedia.org/wiki/Passive_income
Hipster CEO - a tech startup sim. 6.5k downloads at $2.99 in the past 3 months. www.hipsterCEO.com
Awesome I'm glad you're making OK money for this. Bought it and thought it was fun to have a laugh at myself for a bit and the stereotypes in the industry. Went through a phase of constantly crashing though but seems OK now
I know this isn't entirely passive, but I occasionally rent my spare room on AirBnB. I'm quite clear that it's a basic room and if they use the kitchen etc. they need to clean up after themselves - this isn't a hotel I'm running... So there's basically no work to do other than cleaning the bedsheets, which I do as part of cleaning my bedsheets anyway... I do this for a maximum of 1week/month, which gets me roughly £4…
Sounds like it's treating you well but have you had problems or do you price it so you generally price-out those that might less than savory characters?
In terms of pricing, I just priced it by what I thought was fair. I do refuse people though, since like I said I wouldn't host for more than a week or so per month (I don't want this turning into a job, but it's the easiest money anyone can make if they have a spare room).
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PHP would be a natural fit (Symfony2 or Laravel 4 (I'd vote for Laravel 4 as that is a rapidly growing market that is still relatively "poor" in learning material). Also if you did happen to do it for Laravel 4, I'd buy it ;).
Wow, I just took a look at the docs for Laravel. I had no idea it was that sophisticated. Thanks for the tip, I'll look into it some more.
The framework creator (Taylor Otwell) has an excellent book on leanpub and there is an amazing video guide site (laracasts.com) which is better than I have seen for anything (check out the free vids for an idea of quality).
Not much has changed since the last thread. Improvely ( https://www.improvely.com ) is still in the 5-digit monthly RR range and growing, and I do no outbound marketing other than some PPC ads that don't need much active management. Everything that can be automated has been automated (onboarding, lifecycle mails, dunning mails for billing issues, etc), leaving me free to spend all my time on support and improving the…
Dan, I love your date range picker. I use it all the time. Thanks.
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Was easy money around 2002-2004. You'd get like 200:1 conversion of an OK paysite with either a 35% lifetime revshare of sometimes random promotions (usually to kickstart a new site) would offer $250 upfront PPS. Niche sites (gay, extreme fetish) would convert TGP traffic as good as 75:1 and honestly were the best place to be (to many fanboy affiliates saturating the market with mainstream "teen amateur" sites). 2005…
I'm considering creating chatroom site. Not my own chatrooms but using API of others. Seems like those may still be in vogue. Have you had any luck with them? I'm certain I can create a site in an evening, then I just need to see how to drive traffic to it.
So general roadmap was usually build up a network of very niche TGP sites (later, Tube sites) and only push around to your own network (so no external crap or popups) until you get a soid audience of bookmarkers (daily returners) and once you're confident you can start producing 10,000+ outclicks a day, THEN add your own paid stuff on top.
Trying to push payments really early just makes people hit the close tab... adult is all about getting bookmarkers
Basically, the "retention" in the Pirate Metrics funnel. Facebook didn't want to put on ads until they'd build years of loyalty and bookmarkers. Once you're totally bought into the service, (one hopes) that you wont mind the new paid ads that start appearing.
SearchTempest.com got to the point where it was my main gig about 5 years ago, although it's since leveled off. Like anything, you end up being pretty active if you want to continue making that "passive" income. :)
I've used this on multiple occasions! Awesome site! Do you mind revealing how much it was generating?
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 w…
I am also into residential real estate and was wondering why you chose to go the cash route especially when rates have been so low. For instance, in the properties that I am currently in business for, for 20% down I able to fetch a 30% ROI after mortgate + all fees incl. property management, taxes, insurance, etc... For the same properties, if I would go all cash, my return would be closer to 11 to 12%. Of course with the mortgage approach, it tends to be a bit slow (i.e. a mortgage at a time) and longer to scale to the same levels of in terms of absolute monthly returns since my monthly cash flow is lower in absolute terms.
Interested in your thoughts.