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How does one become a passive income hacker?

by nathas 13y ago

Iftheshoefits 13y ago
Well, the simplest way is to toss a website up with some affiliate links. Eventually you'll get a few hits, at least. Technically, then, you will have earned some passive income, albeit not a lot. To make it big, though, relies mainly on luck and the skill to recognize when luck has provided an opportunity. For example, a lot of these people with passive "affiliate" income are essentially very lucky that they recognized the niche and were in a position to be able to exploit it better than (or at least as good as) anybody else who tried--it's not common, or even 'infrequent'; I'd say it's rare at best. Or you can do what "everybody" else does: have a job (freelance or otherwise) and, eventually, exploit your connections and network into a product (like PIH's SaaS product) that produces passive income. This, of course, takes years unless as in the above you are very lucky. Even then you have to have some good fortune to maintain steady employment, not be hit with any of a number of life's possible mishaps, etc. Personally, I think passive income from, e.g. dividend paying equities in the Gambler's Emporium known as the stock market are more likely to provide regular passive income than hoping that working toward some hit affiliate stream or niche software market will payoff without luck.
- snoonan 13y ago
  Passive income != affiliate income. That may come from the internet marketing guru "buy my course" crew being very vocal about selling a certain dream. Some succeed, but there's more money reliable money in building a real business.
  - Iftheshoefits 13y ago
    Of course the set of things that generate passive income is not restricted to the affiliate element only. It includes things like writing an eBook, developing an App for desktop/mobile/web, etc., that one doesn't intend to maintain, or the ratio of time spent in maintenance or working on the product(s) to free time is very small (which is, of course, subjective). Dividend paying stocks or investments in other funds are truly passive--they require zero effort that could be called "work". As soon as one begins to maintain or attempt to expand these things, however, it's no longer really passive. In fact, "building a business" necessarily implies direct action.

How does one become a passive income hacker?

by nathas 13y ago

How does one become a passive income hacker?

Well, the simplest way is to toss a website up with some affiliate links. Eventually you'll get a few hits, at least. Technically, then, you will have earned some passive income, albeit not a lot. To make it big, though, relies mainly on luck and the skill to recognize when luck has provided an opportunity. For example, a lot of these people with passive "affiliate" income are essentially very lucky that they recognized the niche and were in a position to be able to exploit it better than (or at least as good as) anybody else who tried--it's not common, or even 'infrequent'; I'd say it's rare at best. Or you can do what "everybody" else does: have a job (freelance or otherwise) and, eventually, exploit your connections and network into a product (like PIH's SaaS product) that produces passive income. This, of course, takes years unless as in the above you are very lucky. Even then you have to have some good fortune to maintain steady employment, not be hit with any of a number of life's possible mishaps, etc. Personally, I think passive income from, e.g. dividend paying equities in the Gambler's Emporium known as the stock market are more likely to provide regular passive income than hoping that working toward some hit affiliate stream or niche software market will payoff without luck.

snoonan 13y ago
Passive income != affiliate income. That may come from the internet marketing guru "buy my course" crew being very vocal about selling a certain dream. Some succeed, but there's more money reliable money in building a real business.
- Iftheshoefits 13y ago
  Of course the set of things that generate passive income is not restricted to the affiliate element only. It includes things like writing an eBook, developing an App for desktop/mobile/web, etc., that one doesn't intend to maintain, or the ratio of time spent in maintenance or working on the product(s) to free time is very small (which is, of course, subjective). Dividend paying stocks or investments in other funds are truly passive--they require zero effort that could be called "work". As soon as one begins to maintain or attempt to expand these things, however, it's no longer really passive. In fact, "building a business" necessarily implies direct action.