Ask HN: What is your passive income 2020? • Hacker News Board

Re: Ask HN: What is your passive income 2020?

#71

Post by justiceforsaas » Thu, Oct 22, 2020, 5:10 PM UTC

I'd be curious if people here also mentioned HOW their app/SaaS/online tool stays passive.

I've been analyzing successful founder interviews for over 2 years now [1] and noticed for 'passive income' projects, usually they either:

a) Stay on top of Google for a few keywords

b) For mobile apps, they get a good ranking on AppStores

c) Are mentioned in some high-authority website as a resource, and that high-authority page ranks for some main keywords on Google

Word of mouth is rarely mentioned and that confirms various research studies [2] that the WOM effect is negligible if you're small.

[1] https://www.firstpayingusers.com

[2] https://business.linkedin.com/marketing-solutions/b2b-instit...

Re: Ask HN: What is your passive income 2020?

#72

Post by jgotti92 » Thu, Oct 22, 2020, 5:10 PM UTC

falco925 wrote: post #52

jgotti92 wrote: post #31

I am running na online art gallery specializing in AI art. Recently, instead of just printing the art on canvas I started using even real robots to paint it down [1]. Still it is only a small passive income but looking forward to make it really big as I believe this thing is a historic moment in time where art and tech started to converge into one. 1) https://art-supreme.com/ai-art-with-robotic-arm/

very cool. Can I suggest you add a mail list feature to collect emails? I very much want to stay connected with you guys and get your latest news.

Thanks for the support! I haven’t thought about mailing lists so far. However, I am posting artworks regularly on social media (@ai_art_supreme on Instagram). Do you think mailing lists would make sense as I am mostly sharing the artworks and not so much the news content?

Re: Ask HN: What is your passive income 2020?

#73

Post by sourcex » Thu, Oct 22, 2020, 5:11 PM UTC

I profit from arbitrage by buying things for people on Amazon via purse.io. I buy discounted gift cards, and order for others they pay me in bitcoin. Net margin is around avg. 10%. I have fulfilled around $8k, netting me $800 easily. However, there are some risks such as amazon taking away your gift card or locking the account. It isn't for everyone, but can be a good side income occasionally

Re: Ask HN: What is your passive income 2020?

#74

Post by 1-more » Thu, Oct 22, 2020, 5:12 PM UTC

desireco42 wrote: post #49

1-more wrote: post #13

Riding a nice bike is an exercise in something that costs $20-$40 always needing fixing every so often. So I do Uber Eats when I ride every so often to offset that. Almost time for new rims though. It's not passive exactly, but it's getting paid to do something that's 80% the same as what I was going to do anyways. My onlyfans makes way less so far, but hope springs eternal.

I am curious what content on onlyfans you are posting? I thought it is good platform for offering additional access to expertise.

Naked pics/videos and functional programming tutorials.

Re: Ask HN: What is your passive income 2020?

#75

Post by desireco42 » Thu, Oct 22, 2020, 5:13 PM UTC

1-more wrote: post #74

desireco42 wrote: post #49

Earlier quoted context omitted.

I am curious what content on onlyfans you are posting? I thought it is good platform for offering additional access to expertise.

Naked pics/videos and functional programming tutorials.

I know about first, but second is what I think would be interesting.

Re: Ask HN: What is your passive income 2020?

#76

Post by cardamomo » Thu, Oct 22, 2020, 5:13 PM UTC

merqurio wrote: post #33

cardamomo wrote: post #12

This just launched, but I imagine I'm soon to be rich in other people's screams. https://justscream.baby

I love the idea of providing a platform to share rage/frustration or whatever in such a raw mode, without the destructive/negative comments. Just pure emotions.

My partner reminded me that people scream when feeling positive emotions too!

Re: Ask HN: What is your passive income 2020?

#77

Post by tachibana » Thu, Oct 22, 2020, 5:13 PM UTC

ch1zzle wrote: post #26

tachibana wrote: post #9

I am a serious practitioner of the FIRE (Financially Independent, Retire Early) philosophy. Over the years, I have accumulated assets in a very conservative portfolio. This portfolio has reached a point where it has consistently generated over 150% of my base salary for more than 5 years.

Just curious, what kind of conservative portfolios are you investing in? I was recently trying to get my wife and I invested in something similar, but didn't find many products. We are very risk adverse and recently (after maxing out 401ks) have been "hoarding" saved money in our bank, which doesn't help much.

The key thing for me was to constantly and continually invest. I'm sure you've heard the saying to "maximize time in market; don't time the market." I buy a mix of bonds and stocks that pay dividends. I'll skip reading the financial news from time to time and buy shares in low-cost funds when I'm busy or just feeling lazy.

Re: Ask HN: What is your passive income 2020?

#78

Post by tmaly » Thu, Oct 22, 2020, 5:14 PM UTC

AlchemistCamp wrote: post #2

I've continued running my Elixir screencast business, and added on a 2nd product, which is a starter template for apps built with the Phoenix Framework. Neither is 100% passive. The screen casting business means continuing to make a few new tutorials per month and making occasional improvements to its site. It sure pays a lot more per hour of my time than it did 18 months ago, though! The starter kit is still in alph…

where was the pricing, I did not see a link on the sites.

Re: Ask HN: What is your passive income 2020?

#79

Post by twox2 » Thu, Oct 22, 2020, 5:16 PM UTC

tachibana wrote: post #54

sandeshbhusal wrote: post #22

Earlier quoted context omitted.

Tell us more please. :P

You give me too much credit -- it's a really boring approach. My portfolio used to be about 50/50 in fixed income securities and real estate. I got lucky with the real estate, and I got out because I didn't think my luck would last forever. Now my portfolio is made up entirely of fixed income securities and blue-chip stocks that pay dividends. The dividends and interest payments are laddered such that I recieve at le…

How long did it take you to amass a portfolio like this? Seems like it would take decades unless you have a very high salary.

Re: Ask HN: What is your passive income 2020?

#80

Post by twox2 » Thu, Oct 22, 2020, 5:18 PM UTC

capnorange wrote: post #50

This might be controversial for HN but here goes. A couple months back, I got into reading and learning about Ethereum. I never liked it, still don't get the value in blockchains except for Bitcoin. I have a couple of bots/alerts and some manual strategies to execute on opportunities in some of the DeFi apps, mostly arbitrages. All of my strategies only takes in smart contract risks. It's surprising how inefficient t…

Do you have any practical DeFI resources you can share around this? I imagine you need to be brave enough to have a fair amount of $$$ tied up in ETH to take advantage of these opportunities as well. Are there not substantial risks with that?