6 ms·
In what way were these passive income stories? I think the moment they went to a conference or "obsessively" researched anything should be a fairly large clue.
by helipad 13y ago
In what way were these passive income stories? I think the moment they went to a conference or "obsessively" researched anything should be a fairly large clue.
- mkrecny 13y agoCreation phase vs maintenance phase?
- willholloway 13y agoThis is correct. Although I was obsessive at the start, once my gf at the time got out of college and we started traveling I really scaled back my efforts and coasted for a while. There is nothing like waking up and checking your account and seeing you made $200 in your sleep, an by the end of the day there will be $500 more and all you have to do is plan your next move. It was all quite ephemeral though. I didn't control the product or the medium and was just a middle man. You could develop a similar strategy with something more defensible, with a moat. You have to think like an entrepreneur, and see market opportunities and use your coding skills to automate and scale your efforts. That's my hypothesis anyway, I haven't been able to make that much money semi-passively again so take it all with a grain of salt.
- cgman 13y agoI have the exact same experience. Coasted on FB viral apps for a while, some days making 10K+ then the crash. Felt shitty when I had to find a job again and do the 9-5.
- bemmu 13y agoWhich apps were these? I had one popular app in 2008 which was in the top 20 apps I recall, but certainly never had any 10K days. Best day was 720k pageviews and I was getting paid around $1 CPM.