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What does passive income mean to you? Is it passive income when a YouTuber gets paid whenever someone views a video, but spends hundreds of hours making great c
by alexmingoia 6y ago
What does passive income mean to you? Is it passive income when a YouTuber gets paid whenever someone views a video, but spends hundreds of hours making great content and building an audience? Is SaaS MRR passive income after you've spent hundreds or thousands of hours building a product and acquiring customers? Is it passive income when an author receives royalties after spending months writing, publishing, and marketing a book? Is advertising revenue passive income after you've spent hundreds of hours writing blog posts and building an audience?
If you want to leverage your time to make money when you sleep, you need to do the work to acquire income producing assets.
Here's some ways you could monetize your skills as a developer:
- Provide value for free (blog posts, code, videos, whatever) to grow an audience, then sell courses or paid content to that audience.
- Create open source software that other people need, then sell training videos on how to use it.
- Build an audience for your blog, and join a developer/tech focused advertising network.
- gitgud 6y ago> Create open source software that other people need, then sell training videos on how to use it. Please don't do this, I personally hate this motivation for Open Source development. The incentive of the project developer is not aligned with the user. The developer has the incentive to make the software complex and unintuitive, so that people require training to use it. Any proposed changes to make the project easier to configure, threaten the income of the developer and will probably not be considered... Monetisation is extremely hard to get right in open-source software.
- mraza007 6y agoAgreed monetization is really hard on open source software
- alexmingoia 6y agoEven better, don’t write the software at all. Just sell training for popular open-source software. Could offer a cut of sales to developer in exchange for advertising the training on the GitHub.
- mraza007 6y agoThat’s a great advice I have been blogging since two years now and I’m afraid if I monetize that people will stop reading it as I know devs hate seeing ads