Introduction to The Developer's Passive Income
developerspassiveincome.com
developerspassiveincome.com
Avoid anything ad-funded, such as blogs and whatnot. The ability to write software is way more lucrative than the ability to write words. Leverage that if you can.
Unfortunately, I'm not aware of any way to create SaaS with my existing projects and I would have to come up with something brand new. (The closest to that model Bonobo Git Server won't have a chance against Github)
I wish there's a list of web products that people want, but doesn't currently exist (or exists in a poor form).
You would have to figure out how to entice someone to purchase the item without giving them all the details, but my point is this could have at least some revenue potential.
The intention is to document the process of monetization, nothing more.
I should hope not. I'm trying to think of a situation where a developer wants to document a process (ANY process. In this case: building a profitable product) and it would be considered "bad".
> That's why success-story books sell, but you don't see a lot of "will-try-to-do" books.
This is a blog, not a book. Will-try-to-do blog posts are incredibly healthy exercises for the author/do'er and usually provide helpful content for the readers (if the author follows through and documents his or her thought process).
I'm not sure what point you're trying to make here, and (to me) your comments and tone sound dismissive. This fellow has nothing to sell -- it's an exciting endeavor that the author wants to document.
If the project is left-for-dead, I'll consider my second statement about drawing attention too soon correct.
On the other hand, if the project is showing progress and does a fair writing - I'll gladly apologize to jakubgarfield and to you.
Sounds fair?
Now I am based in Netherlands and my employer put in the contract quite big fines for anything I would do on my own or for some other party. So I would have to get written consent from my employer, this one is clear. But for anyone else check your contract ;)
Second thing is for instance you get money from Android app, or from users. How would you go with taxes, you have income so you have to pay taxes. Beeing sensible for some beer money they won't get after you. But having 1000 euros a month could lead to some nasty stuff like questions where did you got that money and why you didn't tell to your beloved country...
I think all those passive income gurus are not mentioning a word about this side of things. Does anyone has any experience on legal side of passive income?
Charge in bitcoins only? :D
Go to the website for your country's equivalent of the IRS and read up on it. For anybody in the US, it's just a matter of answering "yes" to a question in TurboTax.
Regarding your question about taxes, you would just... pay the taxes. If you're not comfortable doing your own (I don't know the tax climate in the Netherlands) you would just pay an accountant. I have a CPA here in the states so I just give him all my information in January/February and he lets me know what I need to pay or what I can expect back.
Each year you have to submit a tax return - a paper where you admit how much money you earned in the last year. If you are an employee and you have just one source of income, it's usually done by that employer.
If you would have another income (there is also some treshold) you have to do it yourself and add this income to your salary and pay taxes. It's not that complicated.
I think, that it could be interesting to follow the monetization from the beggining, keep it public and track down the history.
I plan to discuss them in the future in more details, but what I think I'm going to do is to sell licences for Bonobo Git Server, advertise on the web and I'm not sure about the mobile ones (freemium or ads).
Had he not, the rest of us would have had a much harder time building our own businesses. So please try not to discourage others from doing the same thing.