Mostly Passive: Real estate rental<p>Not as passive:<p>Amazon FBA: Run a side business selling products on Amazon. I have hired 1 part time employee now that works tasks I have outlined during the week. I work 1 to 1.5 days per week organizing the warehouse and custom orders. In the green after 3 years. It's also fun for me.
Like some others here, I have an Amazon FBA business but I treat it as my full-time job, even though I've automated a lot of the grunt work and employ a VA for the things that can't be automated.<p>I did, however, find a little unsolved problem on Amazon that sucks up seller's time, so I built a solution[0] for it with about a month of work, and now it generates >$2k/m with 1-2 hours of customer support work every month.<p>[0] <a href="https://azlabels.com" rel="nofollow">https://azlabels.com</a>
Nobody is gonna just dump their secrets into something like this :D<p>But.. in case people don't mind. How feasible is it to make passive income by having a blog? I mean by having advertisements or amazon click-thru links.. is it worth the time to set up and use a blog to generate passive income?
I created an app a couple years back that I still work on regularly. So it’s not super passive, but I only manage to spend a few hours a week on it. Generates around $1,XXX/month profit. It’s called Meta Meme, it’s in the iPhone App Store if you want to see it.
I made an app a year ago. I did it in an afternoon with 0 experience in mobile apps, using Rails + turbolinks ios & Android. It's really crappy but it generates $150/month. Not bad for the time invested.
The Vanguard High Dividend Yield ETF (VYM) has a 3% dividend yield and a minuscule 0.08% expense ratio.<p>If you buy 500 shares of VYM, you can expect a passive income of $100 per month.
If by "passive" you mean a lot of fun, I play bass & gig around town as well as running a non-commercial internet radio station - goatradio.org. Being a musician / audio engineer generates a decent amount of cash.
I know HN is rather negative toward cryptocurrency in general, but for me it's fun. I run a small mining farm in my basement. It keeps my sysadmin skills sharp and more than pays my electric bill.<p>On a side note: none of this is really passive.. mining, real estate, and drop-shipping are all very active income streams. Unless you were born with a silver spoon, you probably won't find truly passive income.
Build a website <a href="https://toptalkedbooks.com/" rel="nofollow">https://toptalkedbooks.com/</a> use ROR and Big Query. Use AA to handle server cost.<p>If you like reading, you can find most popular books in the past year here.
<a href="https://toptalkedbooks.com/hackernews/2018" rel="nofollow">https://toptalkedbooks.com/hackernews/2018</a>
I would say its easier to be focused than general for the small timer. I made a niche ERP integration with an app, then sold it for 150/monthly to 20+ customers. I've done other things like building a plugable CMS and making components but that focused approach I first mentioned was easy money compared to those.
I'm on duty a few times per week, it's not too active though. Doesn't qualify for passive and has a huge entry requirement, but a very good way of having a double income, since I'm mostly paid to sleep away from home.
I built the bulk of an Android app awhile ago and now it makes a nice passive income off of ads. I do end up making updates to it though since I love to use the app too, so it's not entirely passive I suppose
Can someone explain how they are using Amazon FBA?<p>I generate some passive income from (by spending 1-2 hours a week):<p>- stock & cryptocurrency picking<p>- Calls with industry research firms<p>- Earn.com
i have a very lucrative program, i have already made about 200 dollars in about 4,5 days, here's the link: <a href="https://bit.ly/2HlmIhf" rel="nofollow">https://bit.ly/2HlmIhf</a>
How much does it cost to hire an FBA employee(s)? I have well over half a million in liquid assets that makes me passive income through investments, but I’m thinking of investing a portion of that into an FBA or drop shipping business, but keeping it as passive as I can. In the past I’ve never done it because I just can’t be bothered into putting part-time job effort into it.