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Best strategy / path for passive income (not noob, have $$$ to play with)?

Discussion in 'White Hat SEO' started by nigglesmelb, Dec 18, 2015.

  1. nigglesmelb

    nigglesmelb Registered Member

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    Looking for some serious input into the best way to generate a good passive income whether it be a certain kind of site, writing a useful plugin etc.

    Background:

    * 20 years front-end development including lots of Jquery
    * 10 years PHP development
    * Passed Adwords Advanced Search exam
    * Sound knowledge of SEO
    * Good at copywriting
    * Have only about 8 hours a week to dedicate to it because of full-time job + family + other website I run.
    * Have some $$$ to invest in it
    * Am in Australia which rules out some things

    I have the skills to write any code needed and build whatever is required. I'm looking for a way to get a website/s up and running that would enable me to leave my Senior Developer role in 2 -3 years time and concentrate only on this sort of project.

    I'm open to ideas - such as building micro-sites for flipping, building a Wordpress plugin for sale etc. Not afraid to throw some cash at it if it seems viable and repeatable or scaleable.

    PM me if you don't want to discuss openly on the forum.
     
    • Thanks Thanks x 1
  2. nigglesmelb

    nigglesmelb Registered Member

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    Ok, I've had a lot of PM replies asking me to write code for people that have a specific need for their own - that's not what I'm after - I want to monetise and I have the skill to do so and create custom code if needed to achieve this - I just have limited time at the moment, so I need to work smart.

    Am happy to consider some sort of partnership with an established person, but I can't work on spec for something I don't feel has selling potential.
     
  3. Ghient

    Ghient Junior Member

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    Interesting thread. I'll follow this one! Hope you'll get some good answers soon - unfortunately I'm not experienced enough to provide you with valuable tips.
     
  4. Ellie4294

    Ellie4294 Regular Member

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    As per your skill why dont you start a authority website, I think a well designed authority website can bring super passive income for you.
     
  5. xjapan

    xjapan Power Member

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    create an affiliates landing page and start using adwords, it can be done in 8 hours
     
  6. nigglesmelb

    nigglesmelb Registered Member

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    I started down that road a few years ago, but I couldn't bring myself to write about web development after a day of doing it :)

    I like this idea - find a high converting niche and throw some traffic at it. 8 hours is not too long to loose to see if I can get a decent ROI. I have a Long Tail Pro Platinum subscription so that should come in handy.
     
    Last edited: Dec 18, 2015
  7. nigglesmelb

    nigglesmelb Registered Member

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    So I found an item that sells really well on AliExpress, found the same item on Amazon, put together a landing page and sent some Adwords traffic at it. Not sure I can get the ROI with Adwords, but I'll see. In the meantime I'll source cheaper traffic. It took about 3 hours, so if I can monetize it I'd happily rinse and repeat.
     
  8. faithjhung

    faithjhung Jr. VIP Jr. VIP

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    With your skill set, I would recommend you to create a SaaS on SEO. Update it regularly and that would be semi passive income. You'll just need a nice marketing budget and good word of mouth to get started.
     
  9. nigglesmelb

    nigglesmelb Registered Member

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    Great suggestion - unfortunately I think that'd take too much time to manage support etc. That's the big killer - I only have evening's after work and after the child is in bed :)

    Am building a SaaS platform for work at the moment and it's 6-8 weeks full time programming :-(
     
  10. nigglesmelb

    nigglesmelb Registered Member

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    I have applied for an account at ZeroPark to send the traffic to (plus found a voucher which will credit your first deposit with as much as you put in), and created several additional pages with Amazon links so it gets some SEO value.

    I'd hoped for a few more answers from the community, but here's to going it using what I've read around the forums.
     
  11. Frozen27

    Frozen27 Newbie

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    Interesting thread, will definitely follow.

    I can't PM you as I don't have enough posts on the forum, but I am in a very similar situation and I'm looking for people willing to start a project with me since I'm lacking a little bit of motivation. I've got somewhat less experience than you, but a few more hours/week to spend.

    Let me know if you are interested.
     
  12. The Nix

    The Nix Power Member

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    Have you considered building an App empire?

    You seem to have the background for it.
     
  13. nigglesmelb

    nigglesmelb Registered Member

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    Great suggestion, but that would probably require learning C to do the IOS part - although wrappers exist if speed is not an issue.

    Just had to learn Laravel for work (a PHP framework) and that was probably about 40 hours of tutes in a language I knew - apps have their own issues - and are a minefield.

    Thanks, but might pass on this one :)