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Current passive income for me - blog and niche sites with articles (ads e.g. http://www.flagshipstorelondon.com/ http://www.flagshipstorelondon.com/), e-commerc

Current passive income for me - blog and niche sites with articles (ads e.g. http://www.flagshipstorelondon.com/ http://www.flagshipstorelondon.com/), e-commerce business (sales), ETFs (investments), and teaching a skill. Flagship stores - I went around taking pictures of the best of the best stores for the top retail brands in London and made a directory. Created page on Blogger. Ecommerce business is my best passive income. It's a physical product I really wanted so I made it. It's a map of London but made in the historic style. http://www.wellingtonstravel.com http://www.wellingtonstravel.com I still need to spend time on it because I am customer service, legal, accounting, finance, marketing, IT, R&D, and operations. I have outsourced manufacturing and fulfillment to someone I found on https://sortedlocal.com/ https://sortedlocal.com/ and Amazon's FBA. It's great because it's more money and something I'm passionate about but it definitely takes 5-7 hours a week. The teaching one is interesting in particular because it leverages your strengths, improves your communication, and is probably something you really enjoy since you took the time to get good at it (i.e. sailing, swimming, kettlebell workouts, or even English). I wrote a post about teaching English (http://www.taigeair.com/websites-to-help-you-teach-english-online/ http://www.taigeair.com/websites-to-help-you-teach-english-o...) for people who complained they couldn't find a job so did nothing all day, but they could be teaching a special skill which is what I did when I became unemployed. I learned code, created a few websites, interviewed, and taught swimming. And rental income is good but definitely, not very passive... Lastly, I'm developing a really cool website for helping people sleep which I can see being profitable. I'd like to hear how much time you spent or are spending on these side projects. Also I heard babies are a time and money sink. So I'd be interested in hearing about people doing side projects/passive income with kids.

jayvanguard 13y ago
> http://www.wellingtonstravel.com http://www.wellingtonstravel.com You made that? Beautiful map! You should do those for more cities.
- taigeair 13y ago
  Thanks! I had a business partner who is an architect and she did most of the artwork but we designed it together. It took us 3 years and was kind of a hobby. Now it's quite time consuming to do VAT tax every 3 months and keep records. BTW physical products are so much more work than anything I did on the web. I'm hoping to do a world map next though.
  - deleted 13y ago
    [deleted]
  - Haegin 13y ago
    Firstly that is a very nice map. Do you have any plans to do any other cities or is it a one and done kind of project? Secondly, (and this is a shameless plug, sorry) if you're finding keeping up with VAT a pain and you're a small business take a look at FreeAgent (https://freeagent.com/harry https://freeagent.com/harry - the referral code will get you 10% off). I work for them and it sounds like it might be of use.
    - taigeair 13y ago
      So it's vintage 2012 (like a wine), we might do another vintage in 2015 or 2016. I'd like to do other cities but I don't have so much time right now. Thanks for the link. I tried some software before but no matter what you use, you still have to do manually keep the records. Given that, I'll just deal with the paper work until it generates enough money to pay for someone to do it.
  - rmc 13y ago
    If you did it again, would you do physical products? Is there any sort of "drop shipping" for large paper printing like that? I looked into it before for maps, but it looks horrifcally expensive to print large paper maps if you just want one copy.
illegalsmile 13y ago
Your map is quite cool, were you the one to hand draw it all? It is 100% drawn, no? I'm just in my 30s and traveled/partied a lot in my 20s so I never put much thought to the long-term or generating income but I have a sweet job now and have been increasing my web/graphic work after hours. Will probably start writing a blog specific to what I do at work to start generating passive income. Most of what I'm reading about being passive isn't actually passive like dumping money into a bank and waiting but requires active work, like you said 5-7 hours a week. Obviously that amount of time is trivial especially considering you're passionate about it.

jayvanguard 13y ago

> http://www.wellingtonstravel.com http://www.wellingtonstravel.com You made that? Beautiful map! You should do those for more cities.

taigeair 13y ago
Thanks! I had a business partner who is an architect and she did most of the artwork but we designed it together. It took us 3 years and was kind of a hobby. Now it's quite time consuming to do VAT tax every 3 months and keep records. BTW physical products are so much more work than anything I did on the web. I'm hoping to do a world map next though.
- deleted 13y ago
  [deleted]
- Haegin 13y ago
  Firstly that is a very nice map. Do you have any plans to do any other cities or is it a one and done kind of project? Secondly, (and this is a shameless plug, sorry) if you're finding keeping up with VAT a pain and you're a small business take a look at FreeAgent (https://freeagent.com/harry https://freeagent.com/harry - the referral code will get you 10% off). I work for them and it sounds like it might be of use.
  - taigeair 13y ago
    So it's vintage 2012 (like a wine), we might do another vintage in 2015 or 2016. I'd like to do other cities but I don't have so much time right now. Thanks for the link. I tried some software before but no matter what you use, you still have to do manually keep the records. Given that, I'll just deal with the paper work until it generates enough money to pay for someone to do it.
- rmc 13y ago
  If you did it again, would you do physical products? Is there any sort of "drop shipping" for large paper printing like that? I looked into it before for maps, but it looks horrifcally expensive to print large paper maps if you just want one copy.

illegalsmile 13y ago

Your map is quite cool, were you the one to hand draw it all? It is 100% drawn, no? I'm just in my 30s and traveled/partied a lot in my 20s so I never put much thought to the long-term or generating income but I have a sweet job now and have been increasing my web/graphic work after hours. Will probably start writing a blog specific to what I do at work to start generating passive income. Most of what I'm reading about being passive isn't actually passive like dumping money into a bank and waiting but requires active work, like you said 5-7 hours a week. Obviously that amount of time is trivial especially considering you're passionate about it.