14 ms·
Ask HN: Best passive income method for a solo developer?
I'd consider myself a pretty experienced developer with diverse skills. I want to create some passive income streams using my abilities.
What are the recommended methods for a solo developer? Which method of the following would you recommend?
ebook in a niche technical topic
SaaS product that solves a niche issue
mobile or web based game
- acesubido 10y agoEbook is the most recommended, I know a lot of people that wrote books and got something out of it. Even if it didn't sell well, they learned a lot while writing said technical topic. The other two requires a lot of marketing and business development more than programming. The HN posts about side projects make it look like it's as easy as `git push heroku master` and 'post on HN', but it's not. The successful ones are outliers rather than the norm. Don't get me wrong, you'll also learn a lot while writing your own game/SaaS. Finishing a game/SaaS on its own is a big achievement no matter how small, but you did ask for a "Best passive income method".
- dante9999 10y ago> I know a lot of people that wrote books and got something out of it. did they self-publish or went with some known publisher? what kind of money can you make on ebooks?
- acesubido 10y ago> did they self-publish or went with some known publisher? My former boss self-published a book on Leanpub. For the "known publisher", I'm a little acquainted with the author of "Docker High Performance" (Packt). For the leanpub one, it was organically easy to get the word out through local meetups and clients. Packt reached out to the "Docker High Performance" guy, he reviewed a few books for them then they emailed him. > What kind money can you make on ebooks? For the people I mentioned, I can't say. But if you do get a good book out with a good following you can hit Nathan Barry's numbers: - http://nathanbarry.com/app-design-stats/ http://nathanbarry.com/app-design-stats/ - http://nathanbarry.com/designing-web-applications-2nd-edition/ http://nathanbarry.com/designing-web-applications-2nd-editio...
- geerlingguy 10y agoSelf-pub, through Leanpub and eventually Kindle, Createspace, and iBooks, I'm up to around 100-200 sales/month (ASP ~$10, net ~$7), mostly by keeping my book updated with the latest version of the software I write about (so my book is the only one that's constantly relevant, unlike the ones from the major publishers). I spend maybe 2-4 hours/month updating the book, running tests and fixing things.
- duiker101 10y agoIs there an actual request for new books? I feel like most of the topics are already covered so the only thing would be jumping on new technologies and the risk is that the writing would be sub-optimal. I am extremely ignorant in matter of books to be honest. What is the average knowledge level of someone that can write a decent book? Would it be better to have more knowledge or be a better writer?
- dorfuss 10y agoMy experience is that all/most of the programming books are based on trivial examples and solving dull problems, which is perfectly fine when you know nothing and you are just starting the programming adventure, but when you are getting your second or third language and you want something more serious, then all the 50-150 loc examples are just... not enough. So I'd love to see more books when you are given something in the range of 10k< loc and the examples and tasks being more complicated. Traditional publishing did not allow that, because you could not provide long code base. But today there are no such limits. Especially GUI guides are ratcher simplistic, you don't want to draw just triangles and squares on the screen. There are no really good resources for Direct3D or OpenGL, WGL, SDL etc. It's like learning architecture by looking at bricks and not at finished buildings. This is also the reason why people recommend working on open-source projects, because this is where the real thing happens. But I would say it's an intimidating experience. There should be something in the middle. (And it would be nice if there was a mentoring site where you could pick a language, pick your level, and be mached either with a person/team to work on something together or with a mentor who could just guide you twice a month. Say, you pay 100 bucks for registration, the website owner gets $10, and the mentor $90. Even if you get just a couple of "students" it's still a safier bet than much more risky SaaS/e-book business. And how to start it - make a web site about one language that is your stronges and focus on that. If you get others interested in mentoring, check their stack and then expand the offering. If you have 10 deals a month, there will be 100 passive bucks more to your name. Has anyone tried that? And to get the initial traction combine it with some publishing, blog, some language-specific, industry-informed (not necessary programing related, but project-management, team integration, tasks division, feedback, code reviewing) problems that would prove your expertise. PS: One difficult project you could explore is business process modelling - there are a couple of different notation standards, such as BPMN. The project would be to create one program (like Bizagi) in which you can design processes but in different notations, smoothly (that's the most difficult) convert between them, and then integrate with industry class software such as Appian, IBM BPM, Amodit, SharePoint, Alfresco etc. It's a million dollar project, but f* hard to solve.
- wlievens 10y agoI'm a generalist, and while I enjoy working with new technologies I no longer get a kick out of knowing every itty bitty detail inside out. I've worked in several industries in engineering roles (compiler design, geographic information systems, fabless semiconductor device production and testing). I think writing a technical book could be very enjoyable for me. I'm good at explaining technical stuff, or so I'm told. But I have absolutely no idea with the profile above what I could possibly write a book about that adds to the state of the art. "Wafer Database Schema Design For Dummies"?
- thewhitetulip 10y agoI am also good at explaining stuff, wrote a book on Go, made it open source because I haven't contributed anything to the FOSS community :) 0 income. Not the best business plan eh?
- amouat 10y agoYou could probably keep it open-source but charge for the print copy and pay-what-you-want for the PDF.
- thewhitetulip 10y agoThat is a good idea, how do I the pay-what-you-want thing? currently the book is on github and gitbooks, so I doubt if anyone would pay for the pdf :-)
- cdnsteve 10y agoI think learnpub does this. Minimum price and suggested price.
- thewhitetulip 10y agoThanks :) Started making a book on leanpub. https://leanpub.com/antitextbookGo/ https://leanpub.com/antitextbookGo/
- dschiptsov 10y agoThe tech books written by authors who know nothing but English and "learning a lot while writing" is exactly what ruined the book business. No one needs this kind of crap. Books ought to be written by experts and talents. Just think of the likes of SICP, OnLisp, AIMA or PAIP compared to some Java for Dummies crap. I wouldn't even start about fiction and guys like Nabokov, Wilde or Orwell.
- 3chelon 10y agoI'm intrigued now. What does Nabokov have to do with this discussion?
- dschiptsov 10y agoTalent.
- sheraz 10y agoAgree with @acesubido on the ebooks. In fact, I would abstract this to any intellectual property that you can put into a marketplace. (books, apps, designs, etc). I have an old account at Zazzle.com where I throw up funny sayings and designs from time to time (I'm not a designer). It nets about $100/year from royalties and is completely passive. I've met other people who make 10x that (they are designers).
- shadowbit 10y agodo you advertise it in any way? or is it just organic traffic?
- sheraz 10y agopurely organic. no advertising or social media promotion. My stuff lives in the Zazzle store. Just like in all the other marketplaces. For certain items to do optimize the keywords and headlines to make them a little "click-baitish" :-) All said, I've been thinking of making a script to auto-tweet and post to certain places, but that takes real work.
- spaceman00 10y agocurrently working on an auto-tweet script. Takes some time, but worth it
- tomtemplate 10y agoI've often thought about writing some website templates which could then be sold through a marketplace such as wrapbootstrap or themeforest. I've been too busy to invest any time into this, but would be interested to hear if anyone else has had success doing this.
- acesubido 10y agoI've done some. https://wrapbootstrap.com/user/acesubido https://wrapbootstrap.com/user/acesubido. In it's lifetime across 3 years I got around 5000USD~. Back then when bootstrap was still new it was lucrative to write website templates, since it was easy and there were few templates going around (circa 2012-2013). The process was: - Look for a famous template - Rewrite it in bootstrap - Get it approved As of 2016, the front-end ecosystem has grown big. Material Design and other UI/UX innovations (fancy modals, fancy sidebars, scrolling animations, etc.). This causes the market/buyers to look for themes that will allow them to look like the next AirBNB or Google. Theme marketplaces are looking for bootstrap/foundation templates jacked full with these javascript libraries and fancy stuff, increasing the barrier to entry for stuff to get approved. Here was my experience writing a template last year: I spent 2 months of weekends and weeknights to scout out the competition and worked on an admin theme. Made it with fancy charts, animations and a few javascript libraries embedded in that the market would probably want. I proceed to try and get it approved. Then, I found out I'll have to fight through other big agencies that crank out these themes like pancakes for a living while they price it 20-30% lower than mine. These agencies also sell these themes in other marketplaces that make them very popular choices over others since they can support customizations and what not.
- vijayr 10y agoDo you have link to the template?
- gargalatas 10y agoAlternatively you can work on freelancer.com There are many rivals but surely you can take a small job in 1-2 weeks. After that it will be much more easy to have a steady income whenever you wish.
- JoshTriplett 10y agoThat's not a passive income, though.
- deleted 10y ago[deleted]
- kbart 10y agoOnline freelancing service is usually race to the bottom as you have to compete with people from all other the world. For many of them, 100$ is a lot of money. I've done few projects this way then gave up, it's simply not worth the time. If you are willing to invest so much time, getting a part time job might be a better idea.
- wsc981 10y agoI've been living for a year in Thailand and made contact with a Russian who plans to live here. He is a PHP / web dev. When he started on Upwork, he earned maybe less than $5 an hour for his work. Last time I talked with him, he completed lots of projects and he managed to increase his rate to $25 an hour. I think in the future he'll be able to ask even more from his clients, since his customers are generally happy with his work and keep giving him more work. Of course, in many places in the work $25 an hour is still very little money and it takes a lot of effort to get there. But if one can manage to move to another country, it could be worthwhile. Certainly in Thailand one can easily live from $25 an hour, even when only working a few hours a day.
- icebraining 10y agoMaybe he should try learning a new language/tech, though; I got $50/hr gigs without much trouble for projects using a Python-based stack. It probably doesn't keep the pipeline full, but it sure moves up the average income.
- po1nter 10y agoSimilar thread: https://news.ycombinator.com/item?id=10726489 https://news.ycombinator.com/item?id=10726489
- anupshinde 10y agoSame here - looking for some advice to generate a modest passive income source. I am a freelance web developer and have delivered some awesome SaaS products (both solo and as a team) in the last few years. And have been around for 12 years. But when it comes to starting my own thing, I just get stuck - unsure what to start at. I used to blog based on unique problems, and have pretty much given up on it as its not that passively-rewarding unless one likes doing keyword based blogs. It does help getting more work which I don't want as of now.
- joshontheweb 10y agoI've never done this but I always hear that wordpress plugin/theme developers do well with passive income.
- erik 10y agoGames are a super competitive field. I wouldn't expect commercial success unless you can clearly identify an undeserved market niche that you can fill. Though of course market demand is also key in creating a successful ebook or SaaS product. Of the ideas that you have for ebooks, SaaS products, and games, which has the biggest unmet market demand?
- mseo 10y agoDo you know https://www.indiehackers.com/ https://www.indiehackers.com/ ? They have interviews with coders on their stories. Maybe it's a good inspiration for you.
- andygor 10y agoThese new media is awesome.
- maaaats 10y agoThis isn't "passive income", this is a side-gig. Yes, it may in time generate recurring revenue that you could consider passive, but probably it wont be ("I only have to answer a few mails a day and develop stuff every weekend!")
- progx 10y agoNone of them are really passive. E.G. an ebook is a lot of work and you need much time to write a good book, especially on a niche. And when you have it, how long could it be sold, until the technical thing is outdated? A SaaS must be updated from time to time, bugs must be fixed .... A mobile web based game is much work too. A 100% passive income is really hard to find. Do something you like and try to sell parts of it (ebook, blog, saas, game, whatever).
- amnesthesia 10y agoI've thought about this as well but haven't come to a conclusion. Some ideas I've had are: * Website templates (i.e WordPress). Downside: Will require constant maintenance to stay up to date with latest versions, bug free, and, secure * Apps. Downside: Very competitive field * Very NICHE apps. This last point, is what I think would be really useful. For example, there's a sync for Fitbit / Apple Health. The guy who made it, has made two different apps, one for each direction, and they both cost $7 each. If you want to sync FROM Fitbit to Apple Health, that's $7. The other direction? Another $7. This app does it well and because it's such a niche thing - only for Fitbit and Android users who want their data into Apple Health or from Apple Health, it seems to work. The problem here is finding these niche areas where there's a void to fill - these apps are so simple because it's basically just 2 UI controls (to/from date, and a button) and then two API calls. I'm now trying to think of these things whenever I end up in a situation where I felt "damn, other people must want this too, why is there no simple app that does this?"
- dvh 10y ago> Very NICHE apps You will have like 3 installs per month. I made niche website that used 7 people in it's peak, now only 1~2.
- SmurfJuggler 10y agoI would pay for an app that let me take a picture of the ground and circled anything that looked like a 4-leafed clover.
- cantbecool 10y agoMy recommendation is to find a small niche and run with it. I generate a very small amount, just enough to cover hosting and internet bills with my niche meta movie torrent search engine https://moviemagnet.net https://moviemagnet.net
- mrswag 10y agoWhy is Donald Trump in the cast of home alone?
- cantbecool 10y agoThis is for you: https://youtu.be/YXE3Ku-mGrk https://youtu.be/YXE3Ku-mGrk
- mrswag 10y agoOoh thank you, I thought it was somehow added to the database by a troll.
- k__ 10y agoHome Alone 2 is about a boy abandoned by liberal parents who meets an American hero! #TrumpExplainsMoviePlots
- philwelch 10y agoNot to get into a political argument, but watching that makes me sad in a way. Donald Trump could have been remembered as a harmless, cartoonish celebrity rather than a hatemongering demagogue.
- zodiakzz 10y agoCouple questions. How do you deal with DMCA take-down notices? Where do you host the site that they don't immediately take down your site when the DMCA notices start riling in? I haven't had much luck finding such a web host. Thanks!
- Jach 10y agoUse your dev skills to get a high paying full time job, and dump your savings into an index fund. Not very glamorous, but over time...
- EvgeniyZh 10y agoi'd say diversified portfolio of stocks index, bonds index and, say, gold.
- cheriot 10y agoBonds returns are highly correlated with stock returns and gold gets eaten away by inflation. For money you don't need to spend in the next 7 years (so you can wait out a recession) it's hard to beat a stock index.
- EvgeniyZh 10y ago"For example, a “simpleton’s portfolio” consisting of one quarter each U.S. large stocks, U.S. small stocks, foreign stocks, and U.S. high-quality bonds had a higher return, with much lower risk, than large U.S. stocks alone (represented by the S&P 500 index). The S&P 500, in turn, performed better than 75% of professional money managers over the same period." (c) W.J. Bernstein, The Intelligent Asset Allocator, based on a study by T. Rowe Price, from 1973 to 1992. The gold was used as a replacement, because I'm not from US, and it worked well for Russia, giving average yearly 48,9% compared to 24,4%, 31,5%, 28,1% for stocks, bonds and gold for 1997-2009 period.
- assente 10y agoalso.. - advertising (now it's more difficult with adblock) - trading bot
- krzrak 10y ago> ebook in a niche technical topic It won't get you much passive income, if the topic is very niche. If it is more popular, there's bigger competition, so you have to be lucky. I wrote a technical book (ebook + paperback) in veeery niche technical topic (and it's the only book on this topic on the market), got one-time moderate paycheck from the publisher and that was it. If the book gets me any passive income it will be just a few buck a month, not earlier than in 2-3 years (when the book will be obsolete anyway...) What I earned was invaluable experience and some insight into how I work and how I can improve it, but that's it.
- hyperpallium 10y ago"passive income" means regular income that does not require your activity. Common examples are bank interest, stock dividends, real estate rent, copyright or patent royalities. In the big picture, some activity is eventually required, it's just a matter of time - books fall from favour, patents are superceded, even banks can go, well, bankrupt. So it's a question of degree, and of how much return. Of your suggestions, SaaS requires a lot of ongoing work. Most books and games have hit or fad-like popularity - so a low chance of on-going income after you are done. Your "niche" idea is the best of the three - but it's completely dependent on finding a niche that is under-served, and will continue to be under-serves. That way, the income can continue for as long as the technical niche exists (it eventually will be superceded, and perhaps the surrounding ecosystem also swept away). The downside is you generally can't make much money this way - but you didn't ask for that, so it's fine. Remember the saying "you won't get rich writing books". So the tricky bit is choosing the niche with these market characteristics AND that is personally easy/interesting/attractive to you and not to others. BTW: I wrote a couple of chapters for a book, got a decent advance on royalties, and IIRC about $4 royalities after that (most books don't "eat out their advance"). This was on a technical topic, but not really niche. A word on passive income: I succeeded in this with a software product... but discovered that my life became about invoices, negotiating license terms and international taxation law. I was so much happier actively developing! Since you'll end up doing something, I now think active income has a lot going for it! [Of course, you're only requesting some passive income, so this may not occur.]
- andysinclair 10y agoI have a 4 iOS apps on the App Store, however only one of them makes significant income, approx. $500 a month. It's a road traffic app for the UK which I originally built to satisfy my own need - I searched the App Store and all the apps I could find were either very clunky to use and not very reliable. So if you can find a niche, and improve the UI/UX on existing apps, then there is definitely scope to make some "passive" income on the App Store. I put passive in quotes as anything you do will require upfront time and effort and also some ongoing support/updates. In my case I spent a few months (evenings/weekends) building the app and now spend a few hours each month either responding to support emails or fixing bugs/releasing small updates. Don't underestimate time for sales and marketing; whatever you decide to do will require some form of promotion/marketing and getting the message out there that you have built something. I regularly update a Twitter account for the app as well as maintain a website showcasing the product. Good luck in whatever you do. [edit to mention sales/marketing].
- TheOtherHobbes 10y agoSales/marketing are the killer, and they're an entire subject in themselves - like learning a whole new coding language. There's nothing passive about them, and you have to do them. (If someone builds a passive income project and no one hears about it, does it even exist?)
- wingerlang 10y ago> ..originally built to satisfy my own need Key point right here. I have a couple of "apps" that I built purely for my own need and want, they are also being sold but I don't have any issues with keeping them updated because I use them myself probably more than anyone else. Because of this, I feel they are passive, even though I've spent many many hours on them.
- calsy 10y agoPeople always target the wrong aspects when it comes to promotion of apps. Websites and twitter accounts won't do much of anything to grow your app. +60% of all app downloads are through app store search. You need to be extremely diligent in optimising your keywords for both App Store and Google Play. Products like sensor tower give you great tools to research high traffic/low difficulty keywords. Then it's a matter of trial and error. Better search results equals more downloads, more downloads equals high ranking, high ranking equals more visibility. People are not going out of their way to view app 'landing pages' I can tell you that.
- acangiano 10y agoThere are a few common options available to most developers. 1. Create a course or ebook plus screencasts. Charge a lot (e.g., $199 for the highest tier that includes everything in a bundle). Typical income range: $2K - $100K. 2. Create an ebook. Charge a lot (e.g., $49). Typical income range: $2K - $50K. 3. Write a book for a high-royalty publisher (e.g., PragPub). Typical income range: $10K-100K. 4. Create a SaaS product that solves a consumer or business problem in a given niche. Typical income range: $0 - $1M per year (mostly the $0 end though). 5. Create a mobile game. Typical income range: $5 - $100K (the majority below $10K). 6. Create a blog and leverage affiliate commissions and ads. Typical income range: $5 - $1,000 per month. 7. Create a template or plugin for a popular platform (e.g., WordPress). Typical income range: $100 - $100K a year. All require work. Some will be more passive than others after your initial outlay of work (3 being the most passive). How good are you at marketing? Because for software we have Market > Marketing > Design > Code. My suggestion is to go for 1, 2, 3, or 4. Four is the most challenging among these 4 options and the least likely to succeed. But if it does, there isn't much of a cap in terms of how much money it can make. Plus you get to hone your development and business skills further. Not to mention that you get to pick your own stack so you can experiment with new languages, frameworks, and technologies of your choosing if that floats your boat. In general, I would recommend spending your spare time doing what excites you the most. Does the idea of a web side project excite you more than writing a book? If so, go for that. My other suggestion is to create many micro-launches. Create small projects. Many of them. Stuff that you can launch in 1-3 months. See what sticks. Kill what doesn't. You'll end up with multiple revenue streams. $500/mo quasi-passive income here and there adds up quickly.
- collyw 10y agoAs a full time software developer I would find number 4 the easiest of the suggested choices, as its the only one I have done before. (Finding the niche is the tricky part I guess).
- kyriakos 10y agoactually 5 is a good bet as well for a full time developer. e.g. make a WordPress plugin, give a demo but functional version out for free on WordPress.org, then sell the full featured version on a marketplace like Envato. If your plugin is genuinely useful to someone they will buy it. it won't be enough money to quit your job but it will be something on the side.
- aaron695 10y agoSaas - the service bit doesnt sound passive Technical book - sounds like it might get out of date quickly so perhaps also not passive This gets asked a lot on hn you might benefit going through the search.
- lucaspiller 10y agoProbably not the sexy answer you are looking for (i.e. "using my abilities"), but if you have enough free capital (for the mortgage deposit) buying a house and renting it out is a pretty good option. Depending on where you are you can get 5% - 15% ROI/year, and if you pay someone else to manage it, it'll be very little work. Compared to creating something from scratch and selling it, this is much more likely to pay off, and most likely requires less work up front.
- collyw 10y agoA lot of that must depend where you would be buying property, as many places (SF, Vancouver, London) seem to have maxed out their prices already. Though I may be wrong about that.
- adenadel 10y agoThe return on investment comes from rental income, not increases in the price of the property.
- amelius 10y agoWhy is this possible? Shouldn't the market automatically eliminate such easy income? Can an economist explain this?
- patrickk 10y agoA few off the top of my head: - Not everyone wants to lock themselves into long term mortgages, renting keeps their future options open - Getting a deposit together for some is tricky - Risk-adverse attitudes to getting mortgages after 2008 - Outside the US and the English speaking world, renting is quite popular, perhaps the default option, e.g. continental Europe. Therefore the demand is quite high for renting and lower for buying The real question is, why aren't banks and hedge funds moving into this area, using their clout to access cheap financing and then buying attractive properties en mass and renting them out. This would take advantage of the current low interest rate environment.
- gremlinsinc 10y agoI'd think some good ideas would be use API's/WebScraping and build fresh content stuff like Wallpaper sites, or Movie Reviews/Ticket Ordering Sites -- sure there's tons of showtime/movie sites -- but if you can get even a small marketshare in google searches - you can earn a couple hundred a month. You also could aggregate content from reddit subs into a site, or clone ThisIsWhyImBroke.com -- but automate it via scraper/etc... and focus your effort more on marketing using social media. In that case make money off affiliate commissions. You also could write a course for everything to do with Wordpress --from setting up a domain to finding a host, etc---and promote your own hosting service in the book -- signup as a reseller for hosting services and start a small hosting business. Too many clients is obviously a drain on time/resources to provide support but 100-1000 clients could bring in 3k per month and take roughly 9-10 hours per week to support, and you can even hire someone to help with that on a part-time basis. If you only do support via ticket you'll save time as well. -- This was actually my plan, but I've been working too hard at my day-job to focus much energy on this.
- 01230139120 10y agoCorrect me if I'm wrong, but half of these suggestions seem to say: Steal other people's content and become a search engine spammer.
- mtrycz 10y agoI think you are correct, and that GP is also right. No product will sell without good SEO.
- Xiol 10y agoBut if it's making you money, do you really care?
- richrichardsson 10y agoIf you have no morals, no.
- gremlinsinc 10y ago
- danmaz74 10y agoA long time ago I created a free website/service to play with scenarios and forecasts for variable-rate mortgages - it was specifically for the Italian and Spanish markets (where those kinds of mortgages are very common). Monetization was only adsense and one affiliation program. I made around $100/month for at least 3 years, with almost 0 maintenance and just some SEO work - until the server broke down, and I was too busy with other projects to set it up again. Don't know if the same approach would work today with falling ads revenue, but having something that is completely free to use has the advantage that there is no customer support and no stress.
- douche 10y agoReal estate. Landlording can be a sweet, sweet revenue stream, and with the right tenants, almost no work can be involved, other than cashing the checks.
- amnesthesia 10y ago^^^ this. But this requires capital to even begin. I've considered buying an apartment in a country way cheaper than where I live, and AirBnB'ing it, and paying someone to manage cleaning and key exchange. In some countries you can get a central apartment for $35k, and a normal wage is $600 per month. If you manage to rent it out on AirBnB for $6-700 per weekend or so (what I paid for an AirBnB in one such country last week with 5 people in a large central apartment), you could make nice profits. Even renting it out to someone over long term would be profitable; lower profit (potentially) but less risk (definitely)
- JoeAltmaier 10y agoRenting is negative cash flow for years, in most markets. Its an investment, but you have to start with significant cash.
- maccard 10y agoOther than the fact you need a hefty amount of starting capital.
- davekiss 10y agoAs a solo developer who builds products for a living, I'd caution you to think more about what it is that you actually like to do, rather than what will earn you a quick dollar. You don't want to be put in a position where you have to support something that requires you to perform tasks that you don't enjoy (eg. a particular niche, writing blog content) just to make sure it brings in that extra $nK a month. You might also face the anti-scale issue - what if you do end up getting your first 30 users, but it never really grows more than that? You are now in a position to either believe in your product and push on it without knowing that this is as big as it will get, or, have to face the process of killing off something that 30 people now depend on in their workflow. If you're interested in more of this stuff, I give a talk on my story of going from full time to solo product dev and have a video of available below. Quality isn't great, but the audio and content is worthwhile. http://davekiss.com/through-the-backyard-shortcuts-for-selling-your-side-project/ http://davekiss.com/through-the-backyard-shortcuts-for-selli... Good luck!
- k-mcgrady 10y agoThe issues you point out are completely unrelated to passive income. If I'm in a position where I have to support something just to make sure it brings in the money I require it's not passive. Scale also isn't an issue. If I have 30 users and that makes the money I require it doesn't need to grow more than that. The point of passive income is that it makes you what you want with little to no work. So for example a SaaS product that doesn't require too much maintenance (a couple hours per week) netting you a few thousand $ per month. Or outside of software a physical product that you source and then sell using drop shipping so that people purchase products from you without you ever getting involved.
- eli 10y agoIf you have 1 user you still have to support them, let alone 30.
- basisword 10y agoGoogle has millions of users and provides zero support for a lot of its products. I've had products generating passive income with ~50000 users and has to answer no more than a couple of support emails a month that required no more than a simple answer.
- dalacv 10y agoI'm making about $200 a month on Udemy for the last couple of years. https://teach.udemy.com/course-creation/hot-topic-courses/ https://teach.udemy.com/course-creation/hot-topic-courses/ If you know any topics in this list , you could easily make much more with a well defined course
- SmellTheGlove 10y agoJust for laughs I opened that link, figuring I'm really behind on emerging tech since I'm basically a Fortune 500 lifer at this point (and not for a tech firm). And there I see SAS on the list. That ancient dinosaur that I still use and love. I might need to give this a go. If my past 15 years are any indicator, a SAS course wouldn't need much updating :)
- sanmon3186 10y agoI wonder if there are any kind of restrictions on courses we cannot create/monetise on. Say a closed technology platform where platform owner reserve the rights.
- hackerboos 10y agoI used to buy and sell domain names on Sedo.com - I'd hunt down good names on SnapNames and NameJet. List them and just wait. Pulled in about $3000/year for the last 4 years.
- SinomaSo 10y agoI appreciate that you showed the whole process on how you are making money in 2 lines. Excellent. Thank you.
- farorm 10y agoI can just talk from my own experience. I have a mobile app in a very specific niche, that is used when people tune in their tv antennas. Typically gross about 100$/month took 5hours to build and I have not made an update in 3years. Maybe those types of incomes are to small for you but you gotta start somewhere. So my tip is mobile utility apps, they don't go out of style as quick. You wont get rich but its a nice additional income!
- jimlawruk 10y agoSounds interesting. What is it?
- farorm 10y agoIt's an app that shows you the direction to the nearest radio tower. You basically turn it on and it points to the nearest one, with a compass so you know the direction to point your antenna in. I have only done it in Sweden so far, so feel free to develop a similar app in your country ;)
- jfoster 10y agoDo you know much about how/why people find your app? When playing with a TV antenna, I wouldn't think to search for an app that could help. Seems like you are getting plenty of people finding it, though.
- tarkusso 10y agogreat thanx! for very interesting topic and valuable input. I got a few "niche" ideas and I have found out that doing a Saas is a real pain especially in the terms of attracting some users/traffic. Doing a Saas is good due to gaining knowledge and experience but marketing and promoting is very painful.E.g. I am working on anonymous messaging & password generation web & mobile app http://anolog.net http://anolog.net unfortunately it is too niche product and almost nobody ( except my son, his girlfriend and me ) gets the idea.
- turtles 10y agoSome honest feedback. I can see you put a fair bit of effort into making this. However, I don't fully understand the idea and this is a big problem. From what I do understand is I can create passwords using this, and write anonymous messages. 1, why wouldn't I use a simpler password generator in a password storing app. 2, why wouldnt I just post on a forum with an anonymous account. In addition to this, the gui is not obvious and does not flow well. I'd suggest personally investigating these points further, for learning purposes. Then each time you come up with a new idea, Google the crap out of it and see if anyone else has made anything similar, or if you could do it better. Both of these points could have essays around them! This will drastically help you assess your market before putting in a lot of time to build something. I've been in your position a number of times.
- tarkusso 10y agoGreat thanx for honest feedback! IMHO both features have some useful use cases and I have put an effort to convince myself that this is good idea. Let me explain and present some use cases. 1. password - you forgot everything and you do not have your mobile with your pass manager, but you remember your favourite rockband, actor etc. You do not have to remember your critical password just start typing your favorite band name and you will see the wikipedia article , so your favourite rockband will be converted to your password. Also you can write down on the paper sheet just a first words of the lyrics of your favourite rockband you will get the idea how to reproduce your password. 2. anonymous messages - let's imagine your are driving and you are receiving a phone call from your new customer. You cannot write down his email and contact details - you are driving! So you ask him plz drop me a message under my favourite rockband, composer, actor... ( choose the most convenient scenario ) with your contact details. anolog.net uses easy to remember associations ( instead of hard to remember URL's and unique identifiers ) which are easy to transfer during conversation without typos. Thank you for honest feedback!
- sebslomski 10y agoThere's lots of good advice in here. Don't underestimate what it takes to build a successful, sustainable SaaS business. My #1 advice: Learn more about the stock market. Read blogs about ETFs and how to invest passive.
- eterps 10y agoI haven't seen many (good) blogs about ETFs, any suggestions?
- estefan 10y agohttps://www.amazon.co.uk/Guide-Exchange-Traded-Funds-Index/dp/0273769405/ https://www.amazon.co.uk/Guide-Exchange-Traded-Funds-Index/d... is thorough and good (with a UK focus if that's good for you)
- sebslomski 10y agoI've only read german blogs so far, e.g. https://translate.google.de/translate?hl=en&sl=de&u=http://zendepot.de/blog/ https://translate.google.de/translate?hl=en&sl=de&u=http://z...
- baccredited 10y agoTwo tickers are all you need. Put 90% in VOO (S&P 500 index fund) and 10% in BND. Rebalance once a year and keep adding every dollar you can spare. This is what Warren Buffet advises should be done with his money after he dies. Here is a good blog: http://www.mrmoneymustache.com/ http://www.mrmoneymustache.com/ He actually puts his money in betterment.com which is another strategy that works.
- vladdanilov 10y agoMy actual experience with making commercial design plugins for Photoshop and Sketch (http://designplugins.com/ http://designplugins.com/): 1. Exporting image assets from Photoshop, <$100 in 6 months, >1 year of work on and off 2. Optical adjustments in Sketch, <$1000 in 2 months, ~1 week of work 3. Exporting ICNS/ICO from Sketch, <$50 in 1 month, ~1 week of work
- charlesdm 10y agoSo, I would consider 1 and 3 a failure. But have you considered raising the price for Optically? $1000 in 2 months equals ~110 units sold at $9. If people go through the trouble to buy/install a plugin, my guess is it's a large enough problem they'd be willing to pay $29 or $49 as well. I once increased the price of an iPhone app I had built from $2,99 to $4,99 and I lost exactly 0 sales due to that. Revenue just doubled (an extra few thousand dollars per month). I bet you $10 your revenue will increase significantly!
- vladdanilov 10y agoIt could have helped probably. There are plugins still charging $20-30+. But the recent trend is free and quality plugins around services and other tools. So that price felt right.
- andygor 10y ago> 4. Create a SaaS product that solves a consumer or business problem in a given niche... Like it. Let me share my story. Six months ago i read articles how Buffer, Drip and ConvertKit started and got an inspiration to do a SaaS project. I love reading and trying to hack the process using different tools and projects. Some of them worked, some not, but no one gave me back. The question was: to make a reading habit? And i found an answer: bite-sized reading — 5-10 minutes a day. Next steps: — i bought a domain (https://bookcelerator.com/summary https://bookcelerator.com/summary) for $12; — hire a freelancer to craft summaries of books a want to read ($35/summary, $70 total): «Zero to one» and «Hooked»; — created accounts on Mailchimp and Paddle (payment provider); — and launched an automation. It took me 10 days to read summaries by myself, broken down into 5-minute daily emails. Then i realized i really like the process and it helps me with my reading habit. I posted a link and my story to Facebook and Twitter and got first 4 clients from my network. Now Bookcelerator is $200 MRR in two months, has 5 summaries to read (i will post 3 more on every weekend). The problem is i don't know how to grow to $1k to quit my job and make it the full-time project.
- ckluis 10y agoYour competition is something like getabstract.com & summary.com (you can find a bunch by typing in “cliffnotes for business books” in google). I think you can learn a lot from seeing their sites (none are gorgeous). I’d also consider PPC to acquire customers, but perhaps you could have an alternative pricing model (per book, per month, per year, audio versions of the summaries.) You could always offer a handful of “life-time accounts” to try and bump the short-term revenue enough that you can flesh out your library more (I feel like that might be a limiting factor for customer acquisition). Feel free to reach out to me on twitter if you’d like to continue the conversation @ckluis.
- andygor 10y agoThank you, Chris. Very helpful reply. Will follow you and write a little bit later.
- vijayr 10y agoDo you have to get permission from the book authors? Are there copyright problems with this sort of service?
- Uptrenda 10y agoYou would be surprised how far a few hundred dollars spent on Adsense can take you. It might take a little bit of practice before you figure out businesses that are worth advertising but when you do -- you can get leads that pay 1000 - 100,000+ times what you're spending on Adsense (and even repeat customers.) This is probably quite ordinary advice but as someone who hasn't done that much marketing before -- I am still blown away by how effective search engine advertising is. I feel like with just Adsense I could make virtually any website profitable as long as it was cleanly designed and the margins were high enough. After that, its really just rinse and repeat. Maybe throw in some promotion on a few other channels and you've got yourself a solid business. Advertising is practically modern day alchemy.
- zzzzzzzzzzzzzz 10y agoThe problem I have is how to promote my sites? Do I have an advantage if I build sites in languages different from english?
- iends 10y agoUsually, non-english sites have lower payouts but there is also less competition generally.
- deleted 10y ago[deleted]
- Concours 10y agoThis sounds great, I would live to pick your brain in a couple of emails, is there anyway to connect with you? I couldn't find your email in your profile. Thanks
- eli 10y agoI think you'd be better off taking an occasional contract gig.
- wordtoyourmom 10y agoFocus on getting better at your regular job. Raises and bonuses will outweigh any "easy" money over time.
- programminggeek 10y agoWork your ass of building and promoting something useful and charge money for it.
- ninjaa 10y agoGoogle Apps Referral pays the referrer $1 per month per account AFAIK ... needs only to be refreshed every 12 months.
- akrymski 10y agoSo not only do developers want to make money doing things they enjoy, they now also want to do it without putting in much effort? I wonder how long this bubble will last.
- JoeAltmaier 10y ago...like any other capitalist. Factory owners rarely build any widgets.
- j45 10y agoFactory owners often start with the financial resources to do so
- bbcbasic 10y agoPassive income != little effort
- j45 10y agoCreating a 100% passive income is much harder than a <100% reasonably-passive income. Of the option you listed, creating a SaaS that is in responsive web design for a niche B2B business need is a great bet for the first business. As long as you can have the discipline to shut up and listen to the paying customers needs first instead of taking stabs in the dark.
- garettmd 10y agoIf you want truly passive income, throw your money into a Betterment account and watch while your money grows.
- favoriteof 10y ago$5-$10/mo from http://favoriteof.com http://favoriteof.com - It has been passive for almost 2 years now.
- webrender 10y agoI'm surprised no one here has mentioned Amazon or eBay arbitrage. Completely legal and you can create a script to do the work for you.
- wordpressdev 10y agoany examples?
- webrender 10y agohttps://www.entrepreneur.com/article/278622 https://www.entrepreneur.com/article/278622
- wordpressdev 10y agoThanks for sharing. I don't have Amazon or eBay in my country. Not sure if I can start a business like this.
- bakli 10y agoThen you should start a local amazon or ebay for your country!
- emjoes1 10y agoIn regards to games, you may also want to look at alternative stores than just Google/Apple. https://itch.io/developers https://itch.io/developers There also seems to be a healthy market for game assets (3D models, textures, etc.) and multiple stores you can sell them in. http://www.turbosquid.com/ http://www.turbosquid.com/ https://www.assetstore.unity3d.com/en/ https://www.assetstore.unity3d.com/en/ In regards to tutorials I have noticed many people using Patreon. Some seem to be making a decent passive income. https://www.patreon.com/catlikecoding https://www.patreon.com/catlikecoding
- orasis 10y agoPassive income is hard, becoming an AirBnB host is easy. In July I made $5700 on my 3 bd house in a tourist town. If you're a solo developer you likely have the flexibility to get kicked out of your house when you have a guest.
- _jdams 10y agoI have an idea for a blog that could also easily be an ebook or video series of tutorials. So, which comes first? Wouldn't it be easier and smarter to release free content on a blog and build up a following while capturing emails for a newsletter before creating a marketing/landing page for ebook/video tutorial sales? Are there any good resources or plans available I can follow from people who have already done this?
- callmeed 10y agoBuy a house/condo in a college town or near a military base and rent it out. If you want mostly passive, you can move the entire application, document, and payment flow online (no paper, no mail, no deposits at the bank). You just need to find a couple good contractors/handypersons. This is my approach. If you want purely passive, hire a property manager. But they will take 5-10% of your rent and sometimes a fee for new listings/leases. This is also best if you aren't in proximity to your rental. Obviously, paying cash is best but if you can put enough down, you can make it work as long as mortgage+taxes+expenses < rent (I'm simplifying, I know). Also depends on how long interest rates stay this low.
- nicholas73 10y agoI get $100 per year with http://sudokuisland.com http://sudokuisland.com Throw me a bone, brogrammers, and add my sudoku widget to your site so it counts as a link to Google.
- calsy 10y agoWhen you have a 'wouldnt it be cool if there was an app' idea, write it down. I use something like trello to collect ideas. Then i'll see if an idea is feasible and discard or move forward with it, for e.g. Can I develop something useful on my own, what are the competitor options like, what data do I need to make this work. If you feel like you can make something useful start working on it, day, night, whenever, wherever. You only have so much time outside of work hours so make them count. I have a few apps, most just 'exist' but one of them is now earning $12K/month. I work extremely hard on ASO and invest my own money into marketing through normal channels (facebook/adwords). I quit my job so I can just focus on my apps now. Im my own boss, I can push out updates fast and I manage my own support. Finally moving out of the city now to the coast, to a place much quieter with great views. People might say i'm lucky but I don't. I had an idea and I built it well, i'll never say its luck.
- swanson 10y agoFree suggestion for an ebook/screencast: building an Android app that is not a tutorial todo list using stock Android libraries. The book must cover connecting to a web API (with Retrofit/Moshi/OkHttp), caching data locally (Sqlite, correct lifecycle), correct usage of RxJava and/or message bus, unit and functional testing, creating custom views (in lieu of fragments). These are the tools and techniques that professional Android developers are using but there are no good resources for them -- you have to piece things together from one-off blog posts and sift through massive amounts of crap to find the good stuff (Jake Wharton, Dan Lew, etc).
- Mizko 10y agoIt really depends on what skills you're equipped with. I think building a product or course is only 50% of the work. How comfortable are you with marketing? I truly believe being able to market a product effectively is where the game is. Evident in the Rdio and Spotify case study. I think a subscription based SaaS or community powered product would work best with your skills. However this requires a lot of work, however it would definitely pay off in the long run. In the end, think about problems that are evident in your life and just try solve those. You'll go along way with passion.
- ballbrian 10y agoLearn how to systematize - even if it just means a checklist + calendar - marketing tasks. You can have a great product, but without eyeballs, you can't have sales. Then, create something with a clear value proposition. That is, if they buy / use your product, the $99 the invest will easily save them $1,000 in lost time or lost opportunity.