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When people say they want "passive income", I take it to mean "I want to start a tiny business and then neglect it and hope it dies slowly".
by h2s 13y ago
When people say they want "passive income", I take it to mean "I want to start a tiny business and then neglect it and hope it dies slowly".
- jacquesm 13y agoI take it to mean "I want to start a small business with a fixed up-front investment and eternal steady income". I don't think they hope it dies slowly, it is just that it will die slowly.
- deleted 13y ago[deleted]
- jasonkester 13y agoIn my experience, tiny SaaS businesses tend to grow when neglected, rather than die. Once a product is good enough for people to start signing up for and using, it often doesn't require much more development work. As long as people can find it, more people will sign up than cancel in any given month. "Passive" is a really good way to describe the experience of owning one of these little businesses, once you've dialed things in so that the support workload is measured in hours/month and you're firing up the IDE maybe twice in a heavy month.
- ValentineC 13y ago> In my experience, tiny SaaS businesses tend to grow when neglected, rather than die. Just curious: what if a new competitor moves in? Or is does that not happen often?