- of your proposed ideas, writing wordpress themes is probably the most potentially lucrative.
What you (may) have wrong:
- passive income in my experience (app development) is constant work. Whether its blogging to keep traffic up, answering customer support requests, to adding features or new revenue-generating products, etc.
- Blogging for ad revenue is not going to be very successful unless you start a porn blog. Blog for SEO gains and to funnel to your product sale pages.
- If you really want passive income, try to come up with something that is a subscription service people will pay you monthly for. It's a lot easier to maintain a service for existing customers than have to bring new customers in the door every month.
passive income in my experience (app development) is constant work. Whether its blogging to keep traffic up, answering customer support requests, to adding features or new revenue-generating products, etc.
I sell a WordPress plugin and I can agree 100% with this. "Passive" income isn't for selling software.
> Blogging for ad revenue is not going to be very
> successful unless you start a porn blog.
I have a successful porn blog but have not monetized it. How can I do that? Which ad networks will provide me with the most revenue? Any advice would be very much appreciated...I've been mulling this question for a while but don't know much about ad networks outside of AdSense.
When I did this for about 2 months in college (before meeting my wife and deciding to exit the 'seedy' business) I made about $2000 if I remember correctly.
The money is in affiliate networks that pay you a fee for signup/purchases. Fleshlight was about 70% of my revenue, and paysite affiliate networks was the rest.
I was hosting my blog on blogger at the time so I just integrated banner ads into the template and submitted my links to FARK at the time for views.
hey, thank you for your this comment. Regarding the point that based on your experience passive income means constant work: Yes, I agree with you, passive income is constant work, my target will be to reduce this constant work to a minimum (e.g. a maximum of 2-4 hours per week) and optimize the revenue with the least work. I'm curious whether there are good strategies for doing that otherwise this will just be an empirical experiment :)
My approach thus far has been to not invest too much into a single idea before monetizing it, so I can "fail fast" without losing too much time.
It's a double-edged sword as I have people who paid for my DJ app and are expecting many new features. Which is good as it drives my efforts, but its bad because I can't spend that time working on new revenue-generating products.
The other approach I have when writing code is to try to have plans to sell each code module I write at least twice. For example the UI engine I wrote for my DJ app also powers my little iOS app released yesterday [http://itunes.apple.com/us/app/drinkpacer/id522224281?ls=1&#...], and I plan on using the audio engine for more audio projects. I call it the "combo effect".
Good luck. I've been doing app dev since Jan of this year. I blogged about the profits I experienced in the first few months here:
[http://burnsmod.com/business/2012/04/23/My-First-2-Months:-A...]
What you have right, in my opinion:
- you have low expectations to start
- you haven't quit your job
- none of your plans sound crazy
- of your proposed ideas, writing wordpress themes is probably the most potentially lucrative.
What you (may) have wrong:
- passive income in my experience (app development) is constant work. Whether its blogging to keep traffic up, answering customer support requests, to adding features or new revenue-generating products, etc.
- Blogging for ad revenue is not going to be very successful unless you start a porn blog. Blog for SEO gains and to funnel to your product sale pages.
- If you really want passive income, try to come up with something that is a subscription service people will pay you monthly for. It's a lot easier to maintain a service for existing customers than have to bring new customers in the door every month.