Howdidyoudevelopapassiveincomestream?

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PassiveIncome

Helloguys,

mygoalistorunafullyautomatedbusiness.AtthemomentIamworkinghardto
achivethisgoal.

Thisquestionsgoestoallpeoplewhohaveapassiveincomestream.Please
shareyourexperience.Howyougetstarted.
IREALLYappreciateyourreplies!

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AnkitSrivastava
786upvotesbyJulianMarinov,BorisTsejtlin,JohnLoh,(more)
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Whataresomewaystocreatepassive
incomestreams?
Ispassiveincomereal?

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Ihaveaninterestinpassiveincomeand
thestockmarket,butIhavenoconcrete
knowledgeaboutthesetopics.Iam
turni...(continue)

122

HereishowIdidit.
Imadeanapp.
Ihadafewgoals,tomakeittheoneofthebestapps.
Itwasmyfirstapp
NowTherewereafewthingsirealized.
Idon'thavemoneytoadvertise.
Sowhattochosetomake?Somethingwhicheveryone,literallyeveryonewill
downloadiftheyfinditgood.
Therewerethousandsofappsalreadyofthesametype,sowhatcouldIoffer
extra?TheUI.(looks)
Sohereisthething,IrealizedIhavetomakesomethingwhicheveryoneuses
andthenithastolookgood.
SoidecideditwillbeaMusicPlayer.
Tomakethingseasy,ithastobefree,Iamnotagoodseller,Itdoesn'thurt
anyonetotryafreeapp.
ButthenhowwillIearn?Wellviaads.

http://www.quora.com/Howdidyoudevelopapassiveincomestream

Whataresomethingstoputyourmoney
inandenjoypassiveincomewithout
additionalworkfromyou?
PassiveIncome:SmartPassiveIncome
recommendedwritingInfoBarrelarticles.
Isthatroutestillviable?
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Thereisanadvantageofadsastheuserbaseincreases.Yourmoneypermonth
Upvote 786
Downvote Comments 32+ Share 4
increases.Ifyourappisgood,userwillkeepitforalongtimeandeachmonth
yourmoneywillincrease.
Ilearnedhowtomakeandroidappsin7months.Didfreelancingsidebyside
toearnsomecashforvideos,somescreenshots,websitesetcetc.
Launchedmyapp,spammedtheshitoutofinternet,usedtosleepfor4hrs
only,therestusedtogospamming,SPAMSPAMSPAM
Diditfor20hrsadayfor20days.Onlyusedtosleepwhenmyeyescouldn't
openanylonger.Thenafterthatdidnothing.
Myappgainedmomentumandnowhas320,000downloadswithin6months
ofit'slaunch,getting6500+downloadsthesedays.
Andthesehasbeenmyearnings.
1stmonth100$
2ndmonth200$
3rdmonth420$
4thmonth670$
5thmonth1400$
Thismonth(December)2200$
Theapphasstartedearningme100$aday,soiamexpecting3400$thenext
month.
(Theseearningsarenotcumulative)
Thekeyfactor:presentation,video,screenshots,website,alllookedgood.
Andapp?Irateitamongtheprettiestofallthemusicapps.
Iamexpectingtheappwillbeearningmearound$5k10kpermonthafter6
8months.
Nowletmetellyousomethingtoinspireyou:
ifyougototheandroidstoreandsearchfora"MusicPlayer",myappranks
abovegoogle'sownmusicplayer.Achievedeverythingwithin6months,(after
thelaunch)

AndroidAppsonGooglePlay
Updated29Dec.43,099views. SuggestEdits

Anonymous
13upvotesbySureshRam,DaveLammingson,ShivramPrasadVankina,(more)

ManypeopletalkedaboutApps.Actuallytheappisnotthething,thethingis

http://www.quora.com/Howdidyoudevelopapassiveincomestream

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thenumberofsubscribersorappusers.Soifyoucangetpeoplesubscribedto
somethingandthenputadstothosesubscribedpeoplethenbasicallywhatyou
aredoingisconvertingpeopletoBusinessAssets.Thesamereasonwhya
Celebritygetspaidforanad.He/Shehasafanbasewhichhe/sheconnectsto
aBrand/ManufacturerandtherebyconvertsthefanbasetoaBusinessAsset.
SoideaistocreateaBusinessAsset.TheeasiestBusinessAssettocreatenowis
asubscriberbaseontheinternetasitsfreeandinternetpenetrationisgrowing
bigtime.Facebookandanysocialmediadoesexactlythis.Createahuge
subscriberbaseandsellittomanufacturersintermsofAds.Nowissuewith
appsubscriberbaseorsocialmediasubscriberbaseisthat,subscriberwill
shifttoanewsocialmediaorapponcetheygetboredwiththisapp/social
mediaorsomethingbettercomesup.Samehappenedtomanyappsand
Orkut.
SoideallythesubscribersshouldhaveBusinessRightstothesubscriberbase
theycreateandawaytomakemoneysothattheywillalwaysstayandmore
importantlywillbeinterestedinincreasingthesubscriberbasethemselves.
Therehastobeamethodtotracktherevenuesgeneratedpermonthbythe
subscriberbasethatonecreatewhichiseasyastechnologyexists.Depending
ontherevenuesgeneratedbymysubscriberbase,afixedportionofitwillbe
giventome.Bestpartaboutthisrevenuemodelisthat,theeffortwouldnotbe
justtoincreasethesubscriberbasebutalsotoincreasetherevenuescreatedby
thesubscriberbaseandthereforemoremanufacturersandbrandswouldbe
interestedinadvertising.Ifthewebsitetowhichwesubscribecanalsobean
eCommercewebsitewhichhasproducts/brandsdirectlyadvertised/soldthe
betteritis.
IworkontheabovemodelandigenerateclosetoRs1lakhpermonthapart
frommyfulltimejob.BestpartisthatmostofthisincomeisPassivenowasmy
teamisworkingonincreasingtheirsubscriberbase.ThisrequiresskillsandI
havinglearnedthoseskillspassittomyteamasitsawinwinsituation.Please
noteliketheappsorsocialmediasubscription,thesubscriptionitselfisfree
andthereforenomoneyismadebyjustsubscribingpeople.Revenueshaveto
begenerated.
Funnythingisthatsomepeoplegetitwhilemostdon't.Theydon'tmindbeing
partofsomeoneelse'ssubscriberbasecreatingincomeforothersbutcan
hardlyimaginecreatingasubscriberbaseforhimself.AsRobertKiyosakisays,
toomuchofEmployee/CustomerMentalityhasbeeningrainedinusthatwe
struggletounderstandtheBusinessman'smentality.Butwecanchangeand
understandifwereallywantto.
IamaIIMBpassoutandthisismyfirstpostonQuora.Ifanyonewantsto
knowmore,dropamailtodreamsunlimitedoninternet@gmail.com
Written29Dec.1,900views.

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VijayReddy
8upvotesbyDiptiPriyadarshini,AkashMakwana,PavankumarKoduri,(more)

MineissomethingsimilartoAnkitstory,onlydiffisitcameoutofmyhobby,I
loveprogramming,alwayswantedtodevelopsomethingthoughIwasworking
asfulltimeprogrammer,wenIfirstsawiPhonewithmyfriend,Iwasvery
fascinatedwiththeappsinhisiPhone,decidedtofeedmyprogramming
hungerwithappdevelopment,samedayIboughMacBookandiPhoneand
starteddevelopingapps.Ididn'thaveanyplanstomakemoneyoutofit,itwas
purelyforfun.ItisfuntodevelopappsandseeitworkingoniPhone.SoonI
realisedit'smuchmorefuntoseemoreandmorepeopleusingtheappsthatI
developed,itinspiredmeinlearningwhatworksandwhatdoesn'tworkin
AppStore,learningprocesscontinuedabout2years,duringthattimeIliterally
didn'tmakeanymoneyoutofmyapps,itwaspurelyfunandlearning.one
finedayIdecidedtointegrateadstomyappsfirstmonthmadeaboutcouple
ofthousanddollars(sorry,don'twanttodiscussaboutexactfiguresinpublic
forums),itstartedgrowingasIstartrefiningexistingappsanddevelopingnew
apps.ItreachedtothelevelthatIstartedmakingcoupleoftimesmorethan
whatmyselfandmywifeweremakingassoftwareengineersinUSA,we
decidedtoquitourjobs,comebacktoIndiaandstartourcompanywithmy
brother(androiddeveloper,quitesuccessfulwithhisappstoo).Nowweare2.5
yearsoldcompanywithteamsizeof40,goodorbadweneverlookedfor
funding,norneedone.growingabout500%eachyear.Fromwhatwehear
fromappanniewestandinfirstpositionwhenitcomestointernational
downloadsfromanIndiancompanyinpast14months.BTWappsthatI
developedinmyfreetimearestillmaking6to7timesmorethanmyUSA
salarythoughIhardlyspendanytimeonthem.
Linktomyappsvijayakumarreddydoddavala
OurcompanyOutThinkingInnovatorsofCreativeMobileApps
Written1Jan.1,143views.

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MarkSteelman,GameDesigner:www.legendofus.net
5upvotesbyAntonMcCarthy,BorisTsejtlin,KalleshwarKalshetty,(more)

Theonlycompletelypassivewaytomakemoneyistomakemoneyinvestingin
amutualfund.Withamutualfundyouarebasicallypayingafirma
percentagetodoyourresearchforyouandmakeyourmoneymakemoney.
Youwillstillneedtodosomeresearchtochooseafirm.
Beyondthat,youaregoingtohavetocreatesomething(whichisn'tapassive
task)thatallowsyoutomakemoneyoverandover.Theideaistodothework

http://www.quora.com/Howdidyoudevelopapassiveincomestream

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onceandthengetpaidforitoverandover.Themostobviousexampleofthat
isrecordingahitsongorbeinganactorinahitmovie.Thesethingsarenot
simpletodobutifyoucanfigureoutawaytodoityoucanmakemoneyfor
workyoudidinthepastindefinitely.
Thekeyistothinkofawaytodosomeworkonceandthengetpaidoverand
overforit.Peopledothiseveryday,butitisn'teasyoreveryonewoulddoit.
Expecttotrylotsofthingsbeforeyoucanfindsomethingthatactuallypays
off.Bepersistent.Focusonyourstrengths.Again,ifitwereeasyeveryone
woulddoit.
Thereisabsolutelynowaytojustsignupforfreemoneywithoutinvesting
eitheryourmoneyoryourtimeorpossiblyboth.
Written19Dec.2,513views.AskedtoanswerbyAnonymous.

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SwaroopSudheendran
Irecommendappbusiness(IOSandandroid)ifyouhavesomebudgettostart
.Goalscanbeachievedeasily.Itcanbedonebycompletelynontechnical
peoplealso.
Pleasehavealookatthis
BulkReskinPackages|Reskinningapp
Youcancontactmedirectlyifyouneedanyhelporhavinganydoubts
Disclaimer:Iamworkinghere
Written29Dec.1,451views.

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PanasheMahachi,18yearolddeveloper
4upvotesbyJulianMarinov,NikhilAbhyankar,KalleshwarKalshetty,(more)

Actuallysitdownandcreatesomethingofvalue.Nothingisbetterthan
reachingsomethingofscale(becauseofthevalueitprovides)andhavingthat
aspassiveincome.
Written19Dec.2,979views.

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