Passive Income

[n2004al]

Hello everyone.

When I first started studying marketing and business the first suggestion I received from some successful people in my niche was to first establish a source of passive-income. For some this is placing ads on their personal website or otherwise capitalizing on their hobbies (e.g capitalizing on your forum hobbies with signature campaigns), and for others this means developing a product or service-solution which manages and sells itself.

Passive-income sources should be thought of as an investment. Like any kind of asset, it can be analyzed to determine whether your time-input is sufficient for your income-output. For example, if it takes you X hours a week to post on forums and you make $X.XX... maybe it would be more cost-efficient for you to learn a trade-skill, or take on some over-time, or make YouTube videos to promote your personal website or hobby. ¯\_(ツ)_/¯

Whatever it is you do, whether you manage an online-store or you post on BitcoinTalk forums on your weekends, share your knowledge with us so we can all support each other.

Shalom aleichem.

For me seems strange your concept of the passive income. According to me cannot be passive income if you "work" to have income. Have no importance before ar during or after. In almost all the examples given by you in your post must to do work to earn. If I have spent time to do something that "created thing" cannot be named passive income even if you don't do nothing after the creation. Because you have spent time, money and other kind of sources depending from what you have built. If you have spent "something" mean that the income from it is not "passive" but return of your previous "investment" understood as a sum of your work, your time spent and your money spent for having all the other sources needed for the creation of the "thing" from which will be secured income. As for me, passive income may be only that in which you invest your money and have earnings without doing nothing during all the process of earnings; if cannot be taken in consideration the time and the work to have the money for investing. But if will be taken in consideration the last subjects excluded in the previous sentence then cannot be told for sure that cannot exist the passive income.

[Velkro]

try r/swagbugs and all hyip forums
There are more about it. On bitcoin you can invest in some casinos like satoshidice, borrow your btc or try to find lucki on cloudminning

i wouldn't recommend cloud mining. Its mostly scams :/
Borrowing BTC is worst decision tho, best gamble if you like risk or hold (bitcoin by nature gain value with time)

[eternalgloom]

Don't know if this is really considered a passive income, but I run a couple of websites that earn me some affiliate income plus some Google Adsense revenue.
I do have to keep them updated to maintain a high number of visitors.

My only really passive income is from cloud mining

[bearex]

Don't know if this is really considered a passive income, but I run a couple of websites that earn me some affiliate income plus some Google Adsense revenue.
I do have to keep them updated to maintain a high number of visitors.

My only really passive income is from cloud mining

So the cloud mining actually works and is not a scam?

[tobacco123]

Don't know if this is really considered a passive income, but I run a couple of websites that earn me some affiliate income plus some Google Adsense revenue.
I do have to keep them updated to maintain a high number of visitors.

My only really passive income is from cloud mining

So the cloud mining actually works and is not a scam?

Cloud mining is a scam. No doubt about it. You will never break even.

[avw1982]

Does being part of a signature campaign count as a passive source of income?  

Overall I have some very small and basic sources of income, such as betting on various sports events, and doing other smaller things on the side. I want to get some more sources of passive income, but I have to find the time in order to start getting the passive sources rolling.

Dude passive income means investment with interest money which gonna get. you are not investing any thing in signature campaign is paying in the basis of promoting the brand or company and Properly invested bitcoins can bring about 1% of return per day Bitfinex crypto-currencies trading platform It offers advanced order types margin trading and Bitcoin price, depends on supply and demand. If there are more margin funding offers, then interest rate tends to fall

[michinzx]

Don't know if this is really considered a passive income, but I run a couple of websites that earn me some affiliate income plus some Google Adsense revenue.
I do have to keep them updated to maintain a high number of visitors.

My only really passive income is from cloud mining

So the cloud mining actually works and is not a scam?

Cloud mining is a scam. No doubt about it. You will never break even.

not exactly never. if the mining operation is legitimate, meaning not a ponzi scheme, you should eventually ROI after a long period of time, maybe around a year. however, it is true that it generally is not profitable, given the long ROI time and high maintenance fees for the service.

[lama-hunter]

How are you guys doing your passive income ? Would be also great to know isnide the thread to do it aswell
Would be great to hear abozht Guys 

regards
lama-hunter

[Digital_Currency_LTD]

faucets, it depend, because while there is the need for you to stay there typing all day tedious captcha, and thus can not be considered passive, there are bot that can automatize this process and make it like a passive income

so with a bot faucets are a passive income yes

Some links?

[Magnr]

Joe here, I founded Magnr and have done a lot of saving in my time.

There is some really sound advice here, I would add something from my own personal experience drawing from the time I spent in the finance industry. (Disclaimer - I'm not a licensed financial advisor)

A lot of people think that wealth is about making huge sums of money, its true, that helps but its not everything. Wealth is more about what you do with the money you get rather then how much you make.

Simply put, spend less, save more. Low risk investments on your savings will help increase your passive income. From personal experience, I started saving when I was very young, as I got older, I realised I could buy shares with my money (I was disappointed by low interest rates at banks). This sometimes helped, sometimes didn't. When the investments worked out, my return was far greater then what I would have got at a bank, and that is including losses over a longer term timeframe.

For me, buying Bitcoin was another form of investment, I still consider it to be high risk, but I allocate my capital accordingly so that a certain % of my portfolio is now parked in Bitcoin.

I could go on forever with tips on how to manage finances but the advice is all the same. Learn about how interest works, start saving, and if you get some free time, read about Warren Buffet:
http://www.fool.com/investing/general/2014/02/08/warren-buffett-reveals-the-biggest-mistake-we-make.aspx
(Interest and Compound Interest).

[Amph]

How are you guys doing your passive income ? Would be also great to know isnide the thread to do it aswell
Would be great to hear abozht Guys 

regards
lama-hunter

there is no really good passive incoem unless you're willing to ivnest big in mining, other activity are not really passive they request you to do something

the best incoem is the one that you earn by investing your time, like you do in real life with a normal job

[NorrisK]

Joe here, I founded Magnr and have done a lot of saving in my time.

There is some really sound advice here, I would add something from my own personal experience drawing from the time I spent in the finance industry. (Disclaimer - I'm not a licensed financial advisor)

A lot of people think that wealth is about making huge sums of money, its true, that helps but its not everything. Wealth is more about what you do with the money you get rather then how much you make.

Simply put, spend less, save more. Low risk investments on your savings will help increase your passive income. From personal experience, I started saving when I was very young, as I got older, I realised I could buy shares with my money (I was disappointed by low interest rates at banks). This sometimes helped, sometimes didn't. When the investments worked out, my return was far greater then what I would have got at a bank, and that is including losses over a longer term timeframe.

For me, buying Bitcoin was another form of investment, I still consider it to be high risk, but I allocate my capital accordingly so that a certain % of my portfolio is now parked in Bitcoin.

I could go on forever with tips on how to manage finances but the advice is all the same. Learn about how interest works, start saving, and if you get some free time, read about Warren Buffet:
http://www.fool.com/investing/general/2014/02/08/warren-buffett-reveals-the-biggest-mistake-we-make.aspx
(Interest and Compound Interest).

The only problem is when listening to Warren Buffet is that he says to stay away far far away from bitcoin.
I'm not sure if it is becuase he thinks it is deemed for failure or because it is just too high risk for his kind of investments..

[Magnr]

The only problem is when listening to Warren Buffet is that he says to stay away far far away from bitcoin.
I'm not sure if it is becuase he thinks it is deemed for failure or because it is just too high risk for his kind of investments..

Thats true NorrisK, he does say that. Its due to his investment philosophy of:

• Invest only within the bubble of what you know
• Don't invest in technology - this is his opinion, he acknowledges he doesn't understand technology well enough to invest billions into it

Regardless, what he teaches about understanding interest and compound interest are very important.

[BigBoy89]

faucets, it depend, because while there is the need for you to stay there typing all day tedious captcha, and thus can not be considered passive, there are bot that can automatize this process and make it like a passive income

so with a bot faucets are a passive income yes

Some links?

But in faucets it will consume more time and even after spending your time I mean after investing your time in faucet what you get in return ? Very little amount of Bitcoin rather signature campaigns are best way of passive income

[btc_enigma]

Joe here, I founded Magnr and have done a lot of saving in my time.

There is some really sound advice here, I would add something from my own personal experience drawing from the time I spent in the finance industry. (Disclaimer - I'm not a licensed financial advisor)

A lot of people think that wealth is about making huge sums of money, its true, that helps but its not everything. Wealth is more about what you do with the money you get rather then how much you make.

Simply put, spend less, save more. Low risk investments on your savings will help increase your passive income. From personal experience, I started saving when I was very young, as I got older, I realised I could buy shares with my money (I was disappointed by low interest rates at banks). This sometimes helped, sometimes didn't. When the investments worked out, my return was far greater then what I would have got at a bank, and that is including losses over a longer term timeframe.

For me, buying Bitcoin was another form of investment, I still consider it to be high risk, but I allocate my capital accordingly so that a certain % of my portfolio is now parked in Bitcoin.

I could go on forever with tips on how to manage finances but the advice is all the same. Learn about how interest works, start saving, and if you get some free time, read about Warren Buffet:
http://www.fool.com/investing/general/2014/02/08/warren-buffett-reveals-the-biggest-mistake-we-make.aspx
(Interest and Compound Interest).

This is very good advice. These is no such thing as passive income. Better not to fall for ponzi looking for passive schemes. Its more important to manage the money you have.

[Amph]

faucets, it depend, because while there is the need for you to stay there typing all day tedious captcha, and thus can not be considered passive, there are bot that can automatize this process and make it like a passive income

so with a bot faucets are a passive income yes

Some links?

they are not available as a open source, they are mostly made by private individual and at best you cna find one by buying, i guess not worth it anymore today, because there are very few good faucet that you can use with the bot

[Rizky Aditya]

There s no such thing as passive income. You need to work to make money.

Some projects require more and some less work but in general, something working for you is always a scam. Cause if it s that great, why would a provider sell it?

That is very true. In life, if you want anything done right, you need to work hard for it. For me, I have a hobby to write on this forum, so I am in a signature campaign which earns me a decent amount of extra income.

[virtualx]

faucets are shit but remember that in '11-'12 faucets giveaway 5BTC per hour

Time travel here I come 

[The Sceptical Chymist]

Yes, from stock dividends--I believe that's completely passive, as I do nothing day-to-day to earn what I get.  As others I think have said, sig campaign earnings are not passive.  That's my understanding.  I do post for fun but I'm in a campaign, and whether it's a hobby or not, I still have to "work" for the bitcoin I get.

Wish I had rental properties, that would be sweet.

[expert4knowledge]

I hope I could get the idea well but I think what you meant by passive-income is what I did when I was a novice programmer and I wanted to learn more and I got projects with low price so this way I had to learn programming and I also could make some money.