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Ok - it looks like commenters are unable to see why he calls this "passive income". It's because although the work is done by hand, he can eventually (in like
by _lex 13y ago
Ok - it looks like commenters are unable to see why he calls this "passive income".
It's because although the work is done by hand, he can eventually (in like a month) hand it off to his own employee or contractor for them to do for a fraction of the profits.
Starting it up himself allows him to formularize the entire business, build a following and keep costs low in the beginning. He probably also plans to start creating similar email lists for other verticals with high levels of contractor work - so not just developers, but also designers, devops etc.
If you read between the lines, you can see where he's going with this; it can absolutely be a passive income stream, and based on his traction, it may replace his need to work.
Edit: To commenters below - Most successful businesses eventually hire someone to run them w/o much intervention from the investors/founders. He can do the same.
- RyanZAG 13y agoHanding off work to employees is not passive income, or every business owner in the world would be "passive income". It's just a standard product business.
- _lex 13y agoCEOs are employees, and stocks are considered passive income. Granted, he might still have to be on the "board", but he could get pretty close to passive income. To spell this out: Most successful businesses eventually hire someone to run them w/o much intervention from the investors/founders. He can do the same.
- positivejam 13y ago> He probably also plans to start creating similar email lists for other verticals with high levels of contractor work - so not just developers, but also designers, devops etc. This is what I'm interested in, although I'm pretty sure he said his product is actually for designers, not devs. I'd love to see something similar for devs.