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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?

#451

Earlier this year, I helped out a friend setting up online shop selling electric bike (dropship model). It has been good this summer, average of $1000/month net profit. Traffic is still very low but constant buyers. - shopebike.com.

I'm very intrigued by the dropship model, would you mind sharing how to go about evaluating suppliers? Or even where you start looking for suppliers? Thanks!

Re: What was your best passive income in 2014?

#452

Earlier quoted context omitted.

Mind sharing which game this is? I'd simply be curious to see what sort of/quality of game generates that sort of (as you said, very favorable) income characteristics in this current market.

Sorry, I can't for fear of competition.

I'm sorry, but that sounds like a bit of a cop out. One would hope that an idea with the traction to be successful in the way you're describing would be hard enough to replicate to merit that value, or stand alone in such a way that if someone replicated it it would be VERY obvious and difficult for the clones. Perhaps I'm being exceedingly naive to the aggressively cutthroat world of mobile game development, but "competition" seems like a very unsatisfying reason to not want to communicate a shared understanding of what people want in tech at this point in time.

Re: What was your best passive income in 2014?

#453
post #322

It's been a while since I shared my S3stat [1] numbers. I prefer to talk in vague handwavy terms rather than concrete numbers, but this should give a picture of the trajectory: 6 months: Regularly covering server expenses (which were ~$50-100/month at that point). 18 months: Would have paid for me to live nicely on the beach in Thailand. 30 months: Would cover my rent (and nothing else) at a nice apartment in a major…

Fantastic! Out of curiosity does anyone know of a similar service for Google Cloud Storage? Really bums me out that they don't break out bandwidth per bucket.

This sounds like a great product idea. :-)

Re: What was your best passive income in 2014?

#455

Earlier quoted context omitted.

Can't people just make a request to google maps? Why do they you use your service instead? In what sense is it better (if it is)?

Honestly, no. Both Google and Bing's APIs are too restrictive, even in paid mode. They basically require that you show a Google/Bing map in conjunction with the lookup, which isn't something a lot of people want to do. Admittedly a lot of people don't read these fine prints, but they are overly restrictive for a lot of uses. I looked at various services to do postcode/zip to lat/long and eventually settled on just do…

What do you mean by "settled on just doing it in-house using downloaded data”? Did you build your dataset completely by yourself by parsing data from Google and saving it?

Re: What was your best passive income in 2014?

#457
post #34

$5k per month for 18 months in a row. Made a portfolio website for my girlfriend. Got positive feedback, refactored into Wordpress theme and published on ThemeForest. Not 100% passive as I spend 3-4 hours per week for answering support emails. ThemeForest is a perfect place for passive income if you are a website developer. At first it challenges your skills as you need to create the concept, design it and code it. T…

Are you actually based near Old Street? Would love to meet you for lunch some time, I'm at Google Campus every Friday.

Re: What was your best passive income in 2014?

#458
An AdSense site that's been running since '04:

   +-----------+--------+
   | Year      |      $ |
   +-----------+--------+
   | 2004      |    343 | (I was 24)
   | 2005      |    440 |
   | 2006      |  2,800 |
   | 2007      |  8,900 |
   | 2008      | 11,400 |
   | 2009      | 12,500 |
   | 2010      | 12,400 |
   | 2011      | 18,000 |
   | 2012      | 21,600 |
   | 2013*     | 34,000 |
   | 2014*     | 19,800 | (probably about $39k by year's end, more like $50k if I can help it)
   +-----------+--------+
* These are approximate as Google started paying in my country's currency.

I've made redesigns and adjustments over time, but it's been mostly passive, specially the past three years or so as I haven't touched it at all.

Don't ask me the URL, it's fugly and I'm embarrassed (though you can probably find it). Over the past few months I've been actually working on the side building a platform to help me launch other similar projects in a more useful, less ugly fashion. Too much to do, too little time. Stupid wasted youth :D

I never done a calculation like this before, and I didn't realize it's its 10th year anniversary! How cool is that. I would live like a king at 24 with my current cashflow.

Re: What was your best passive income in 2014?

#459

I had a motorcycle which I had bought for 126K INR. I was not using it much except to commute from home to office. I was going to sell the bike, then suddenly this idea clicked. It took few hours to make and host indiarider.com(people can take the bike on rent). Its been two months now, I have made 15K till now, 7K last week.

What are your typical users and use cases like? I'm from Bombay originally, and can't think of why people would want to rent a bike. Is it people who don't have vehicles and need one temporarily for long journeys? Or is it for one-off joyrides simply for the excitement?

Re: What was your best passive income in 2014?

#460
About $50-$100/month on http://onlyfonts.net

I'm not proud of this product by any means, but it is good for experimentation and A/B testing.

One thing that I should point out is that even if I don't write any code, I'm still thinking about how to improve it and looking at the analytics, so having a passive income is not totally free.

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