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Your best passive income? (2014)

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Re: Your best passive income? (2014)

#381
post #73
post #31

I created and sold Stickonspy ( http://stickonspy.com ) just after mid last year. The initial month I launched it did pretty well as the NSA news was still a pretty big deal. All in all it's made me I'd say my time - which was evenings after work - investment was around 3-4 days initially and then fulfilling orders is simply writing a customers address and posting the stickers - which if the demand was bigger I'd pro…

I like this - it made me chuckle :) Can I ask who you used to print the stickers?

[deleted]

Re: Your best passive income? (2014)

#382

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.

GameOfTrolls just asked

"Are you moving away from BitCoin and into others? or vice versa. I'm curious about the trending of BTC mining."

Poor bloke appears to be dead.

Re: Your best passive income? (2014)

#383
post #31

I created and sold Stickonspy ( http://stickonspy.com ) just after mid last year. The initial month I launched it did pretty well as the NSA news was still a pretty big deal. All in all it's made me I'd say my time - which was evenings after work - investment was around 3-4 days initially and then fulfilling orders is simply writing a customers address and posting the stickers - which if the demand was bigger I'd pro…

Great idea. Just wondering that if you didn't spend any money on marketing, how did you get the word out, SEO?

I started out by merely tweeting a link to the site and asking my friends to do the same. I did publish HN but it got took down pretty sharpish.

My main win was cold-emailing tech blogs. I got featured on BoingBoing - http://boingboing.net/2013/08/12/stickonspy-sticker-reminder... - through emailing and also managed to sell directly to Cory ;).

Re: Your best passive income? (2014)

#384
post #273

Earlier quoted context omitted.

Thanks! They were indeed built with bootstrap. I'll submit them right away. :)

Done and ready to go :) let me know how it goes!

Thanks a ton! It already has 3 notes :) If you're interested, I'll e-mail you some analytics as soon I have them. Let me know if there's any way I can buy you a beer.

Re: Your best passive income? (2014)

#386
post #195

Earlier quoted context omitted.

I've visited that site quite a few times and I'm very interested in how you're keeping running costs low.

As galfarragem mentions, it runs on Tumblr to start with. This is a totally free, simple blogging platform, pretty much perfectly suited to the needs of the site. I get awesome hosting for free and a fair amount of flexibility. Yes there are limitations and the admin of the site isn't quite as easy, but when you haven't got much admin it's ok. The most important reason for choosing Tumblr was the Submissions feature.…

How many uniques/month does it take for you to turn a profit??

Re: Your best passive income? (2014)

#387
post #380
post #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 w…

Very cool. Congratulations! 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…

I tried, and I even looked at hard money loans, but at the time I couldn't get any (even with an 800 credit score and never missing a payment on anything in my life).

Lenders were hesitant to loan for investment properties, especially in condo complexes with low owner occupancy rates.

In 2012 I learned that I didn't look hard enough when I a buddy told me he 'had a guy' that he'd get loans from for the same thing for 20-25% down. He said it was a bit shady and the rate was a bit higher than a conventional loan, but it did the job.

And to be honest with you, in all of my investment I've never crunched the numbers to determine exact ROI. I always ballpark it in my head and go with my gut. I'm sure it's more risky and I'm probably leaving money on the table, but to me investing was a hobby and that kept (keeps) it fun. I do it because I love doing it.

Also, it may be holding me back, but I don't like debt. The last three homes I bought cash, as well as both of our cars. Hell, I'm even self-funding my business. I find it gives me a lot more freedom albeit a lower return. But to me it's worth it. For example, sure I could grow my business faster with funding, but I've been working on it for two years now and still love it. In fact, I'd do it for free. You can't put a price on that.

Re: Your best passive income? (2014)

#388
post #49

I started wcfstorm ( http://www.wcfstorm.com ) about 4 years ago. I started out with just 1 product and has now added 2 more. The income is pretty nice. It usually exceeds my monthly salary. I love it when some stackoverflow users recommend it to others when a question gets posted about WCF testing.

Great product! I used it a ton when I was .NET programming. I used wcfstorm to load test our API to show response time degradation.

Re: Your best passive income? (2014)

#389
post #384

Earlier quoted context omitted.

Done and ready to go :) let me know how it goes!

Thanks a ton! It already has 3 notes :) If you're interested, I'll e-mail you some analytics as soon I have them. Let me know if there's any way I can buy you a beer.

No problem :) glad you're already seeing some results! By all means send me your analytics. Would be nice to see the impact BWB was able to give you

Don't worry about the beer :) be sure to submit any other sites you publish that use Bootstrap in the future. Happy to promote them :)

Re: Your best passive income? (2014)

#390
post #333
post #192

Earlier quoted context omitted.

I'm a huge fan of Elon Musk, but I must say I don't like the designs very much. I you can't make better designs, you should think of having shirts with quotes like “If something is important enough, even if the odds are against you, you should still do it.”or "I'll put a man on Mars in 10 years. Maybe 20 years worst case. Otherwise I won't be able to go there." (can't find the exact quote!)

Thanks for the tip. Just added some t-shirts with quotes. The goal is to create more designs in the coming weeks.

Haha I love the "I would like to die on Mars. Just not on Impact" I didn't know that one!
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