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What was your best passive income in 2014?

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Re: What was your best passive income in 2014?

#381

Post by PolemicThoughts »

polimux wrote: post #267
corobo wrote: post #217

Earlier quoted context omitted.

Any chance of going into detail on this one for the curious? Automated in what way, putting bets on low odds results? Through an API? If anything I'm interested more in how it works than how I can do it myself!

I have some bots placing bets for me 24/7 on betfair. They provide a nice API for that ( https://developer.betfair.com/default/api-s-and-services/spo... ). The bots written in JS running on a node.js server. The strategy (bet pattern) I use is actually pretty simple. But it's not betting on low odds only, tryed that and failed :)

Can you go into further detail about your betting pattern?

Re: What was your best passive income in 2014?

#382

Post by OrwellianChild »

patio11 wrote: post #310

Bingo Card Creator is still plugging along, though both down from previous years and an increasingly small portion of my business. I spend under 20 minutes a month on it on about 2 to 5 issues which make it past T1 support. As for numbers: http://www.bingocardcreator.com/stats/sales-by-month Historically, multiplying by 60% usually gets a good approximation for profits.

Probably been addressed already elsewhere, but for a relatively static non-tech-dependent product, did you ever figure out why these were such epic months?

    9/12	$6,399.30
    10/12	$7,811.95
    11/12	$6,169.70
    12/12	$7,063.20
    1/13	$5,221.25
    2/13	$8,236.25
If at all repeatable, that's a fairly attractive revenue level...

Re: What was your best passive income in 2014?

#383

Post by ryanfelton »

rwhitman wrote: post #375
ryanfelton wrote: post #285

I built an niche e-commerce marketplace called http://doleaf.com . Independent Nurseries and Garden Centers (the sellers) sign up and can instantly upload their items for sale directly to customers expanding their sales region of their niche products from just their neighbored to the entire USA. Since its niche customers who are looking for specific items customers find the site fairly easy through search. The site i…

Important rule of ecommerce order conversions - never require an account signup / login before getting to the checkout screen from cart. And allow guest checkout. I'd take a guess you are hemorrhaging sales because of this

rwhitman thanks for the tip! I don't require the login / signup until the user checkout. You can view all listings, add to cart, view cart, etc. It's only when you click checkout that you are required to login.

Can you let me know how you reached the required login page so I can fixe that?

Thanks again!

Re: What was your best passive income in 2014?

#384

Post by dusing »

malchow wrote: post #361
dusing wrote: post #249

My business partner and I started Snow in Seconds ( http://snowinseconds.com ) on the side, 6 years ago. It is a powder thats been around for decades (used in diapers) but when you get it at just the right grain size it looks, and feels like snow when water is added. We found a good source, designed a professional looking brand, made a TV spot (kinda), bought some search ads, and boom, predictable income. Sales are o…

If you're willing to give us a range, what's your COGS on the snow? Great animated GIF on the home page!

Margins are good. PPC Advertising cost more than the snow on most orders.

Re: What was your best passive income in 2014?

#385

Post by dusing »

zizzer wrote: post #373
dusing wrote: post #249

My business partner and I started Snow in Seconds ( http://snowinseconds.com ) on the side, 6 years ago. It is a powder thats been around for decades (used in diapers) but when you get it at just the right grain size it looks, and feels like snow when water is added. We found a good source, designed a professional looking brand, made a TV spot (kinda), bought some search ads, and boom, predictable income. Sales are o…

You might want to edit your login page ( http://snowinseconds.com/account/login ) it still has some Lorem ipsum on it!

Fixed. Thank you!

Re: What was your best passive income in 2014?

#386

Post by dusing »

anishkothari wrote: post #318
dusing wrote: post #249

My business partner and I started Snow in Seconds ( http://snowinseconds.com ) on the side, 6 years ago. It is a powder thats been around for decades (used in diapers) but when you get it at just the right grain size it looks, and feels like snow when water is added. We found a good source, designed a professional looking brand, made a TV spot (kinda), bought some search ads, and boom, predictable income. Sales are o…

Wow, congratulations! This would be great around Christmas time in parts of the world where it doesn't snow - S/SE Asia in particular where people have a surprising fondness for Christmas.

Yup, most of our orders are from the South (in the US) and Australia for international.

Re: What was your best passive income in 2014?

#387

Post by BryanBigs »

vijayr wrote: post #279
BryanBigs wrote: post #179

Earlier quoted context omitted.

sure - http://freemediagoo.com By end of august I'll be split-testing moderenizing it (it's not mobile/tablet friendly, backend makes it a pain to add content (especially text),etc) - I'm hoping making it nicer doesn't hit the income.

Where do you get the photos from?

I take some myself, and have a whole bunch in backlog from when I bought it. I've bought one from an artist I knew and liked.

Now that my kids are old enough to travel easily, I plan on taking picture-taking vacations to some cool places once a year - and let them take a shot at learning photography on the job.

Re: What was your best passive income in 2014?

#388

Post by seanwalker08 »

dabent wrote: post #274
rolfvandekrol wrote: post #87

Earlier quoted context omitted.

$5/day adwords budget is not 'virtually no marketing or advertising'. That is about the sales of a slow month over the year.

$5/day x 30 days is $150, not $1500.

He said "over the year" so its $5/day X 30 X 12 I believe. I could be wrong though.

Re: What was your best passive income in 2014?

#389

Post by BryanBigs »

ryanyde wrote: post #316
BryanBigs wrote: post #179

Earlier quoted context omitted.

sure - http://freemediagoo.com By end of august I'll be split-testing moderenizing it (it's not mobile/tablet friendly, backend makes it a pain to add content (especially text),etc) - I'm hoping making it nicer doesn't hit the income.

Nicely done! $1K on revenue for that? Are you driving traffic toward that? I do photography and feel like stock images could be a nice way of getting traffic, but don't know how to optimize AdSense.

I haven't driven any traffic yet. I have a SEO tool that I've been developing and finally finished, and was going to use this site as my test case. With no text it has no search engine traffic, the picture names are horrible from an seo perspective...there's a lot I can do if I ever have time.

Re: What was your best passive income in 2014?

#390

Post by seestheday »

No Revenue for me yet, but I've been inspired by patio11 and Amy Hoy to build a product. I'm starting very small with a premium wordpress plugin focused on food bloggers.

Progress has been slower than I'd hoped due to personal distractions.

My plan is to spend equal parts on marketing and development. I have released a free version of the plugin in order to get it listed on the wordpress repository and to start seeding my mailing list. So far I have 20 people that signed up for "product updates and early release pricing".

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