> I spend 3-5 hours every single day and come up with the best freelance jobs of the day from all over the web.<p>So it's not really passive income, is it?
"I spend 3-5 hours every single day and come up with the best freelance jobs of the day from all over the web. I painstakingly hand-craft this list every day."<p>This would seem to contradict the term 'passive'.
Ok - it looks like commenters are unable to see why he calls this "passive income".<p>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.<p>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.<p>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.<p>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.
The words you're looking for are "I'm making money with a product that has fixed costs and variable income", not passive income. It's a pretty well known model used by a number of companies such as Microsoft.<p>You're also selling 'mining picks', so I'd guess your product has a lot of potential.
We try really hard to come up with ways to use technology to create value, but there are heaps of opportunities like this one to curate a product by hand and deliver value derived from your knowledge and experience, rather than some clever hacking.
Are you getting any feedback from your users on a lead by lead basis about the quality of the leads? Like, the ability for them to rate the leads they pursue? It would be interesting to see if getting such feedback could improve the quality/efficiency of your lead-finding abilities.
Interesting, but doesn't it scale kind of badly? Imagine if thousands of devs were using the service, then it would get really competitive to get any of these leads, thus lowering the value of the leads for the devs.