358 karma · joined July 13, 2012
Passive no-coding ways to make money: >Public market investments: stock market, ETF's, bonds, derivatives, commodities, real estate, bitcoin >Non-public investments: start-ups, business ventures, hedge funds, private equity, etc.
There are other businesses which people think are passive but they are not. Having a website that makes money is not a passive income. Ask anyone that has one, they have to put in some sort of work. If they don't the money dries up. You have to create new content and really target your ads to actually make money.
Good luck!
List view is also cool! http://flipmeme.com/listview/frontpage
My stack: Django, Python, Jquery mobile
Thanks for sharing!!
They need to mitigate business risk so they look for vendors that will: 1. Exist as long as their solution is being used 2. Provide adequate support 3. Are legally accountable for their products and services 4. Have the proper processes in place for things like billing and invoices
Having raw talent is just part of the business puzzle. There are a lot of start-ups or freelancers that can "fake it until they make it" but it's because they really understand how a small business or corporation makes buying decisions.
These guys create a firm, pitch their friends to get a seed fund off the ground and then start fundraising from larger institutions. They then hire some real talent and they are off to the races. Not everyone makes it, but the ones who do are featured as geniuses on Bloomberg and the Wall Street Journal. Survivorship bias for sure. Most Hedge Funds and Private Equity firms don't do well, similar to any start-up.
#2 has already been solved: One formulation is here: https://stanford.edu/~boyd/papers/pdf/dyn_port_opt.pdf There are optimizers out there already on the market with these capabilities.
Some ideas: 1. Focus on a niche; Reddit is the king of general AMA's, what's your edge? Why would I use your site? 2. Kick start your content by getting well known people in your niche to host an AMA 3. Forget this idea, use your talent to build something else! :)