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Passive income is a funny phrase... I've tried it before too, but always end up pouring more time and energy into it than I first intend. At first it's "I need
by Shenglong 15y ago
Passive income is a funny phrase... I've tried it before too, but always end up pouring more time and energy into it than I first intend. At first it's "I need to put time into this to get it started, then it'll be all good."
When it's generating income, the question becomes "can this be scaled to make even more money?" Then we adapt, A/B test, work promotion channels, obsess over page rank, refine analytics... ugh.
I wish you luck :)
- leftnode 15y agoYup, that exact thing happened with my product. I told myself "I'm just going to create a small marketing site, sell it and see what happens." I launched it, got a few sales, and then started to think "well, if I add this feature to the site, maybe I can increase sales, or I need these blog posts, or I need to A/B test this button, etc..." and before you know it, it's not passive.
- euroclydon 15y agoYeah, I've spent 80 hours solid hours on my little micro-web-business, and with ~1500 monthly visitors and 15 sales over three months, I've only made $206.
- aaronblohowiak 15y agoSpend 200 on ads, if you make > $206, repeat. 1% conversion is pretty good for only 80 hours.