/entg/ - Entrepreneurship General

[young poor fag !!f7JC1TMZDES No.11386493]

The sky is the limit edition.
In this thread, I'm going to compile the best passive income streams ordered by investment required, including both online and offline options
Little to no Investment($100-$1k)
>Dropshipping
>Social Media Marketing
>Digital Media or Marketing of any kind
>Web Development
>Freelance software development
>Affiliate Marketing
>Making Online Courses
>Self publishing Ebook(comprehensive guide:https://kindlepreneur.com/book-marketing-101/))
>product arbitrage

Some Investment Required($1k-10k)
>ATMs
>POS Systems
>Slumlording
>Daytrading
>P2P Lending
>Authoring or Online publishing
>Vending Machines
>Automated News sites or any kind of automated blog
>Automated online Arbitrage with the help of a buybot

Large Investment Required, but still very passive(10k+)
>Parking Garages or lots
>Laundromats
>Batting Cages
>Rental Properties
>Buying Royalty rights on music, media, etc

I'm sure there are dozens of others that are out there but that's what I can think of off the top of my head. I personally do 6 of these and those 6 are my only streams of income. They are:
>an ATM business with 10 machines at $3/transaction $200max
>Three affiliate sites
>A parking lot near my university(extremely high revenue but also my highest expenses)
>Digital Media/Marketing Agency which I have people running so I rarely have to be involved
>One rental property(barely profitable yet)
And the big kicker
>subscription based SaaS products, two of them with a third well on the way

Feel free to add more and share your knowledge, experience, advice with others, but I think that's a lot of value that you won't find in most threads here.
previous bread : >>11364103

[young poor fag !!f7JC1TMZDES No.11386520]

if you have any comprehensive guide to any investment listed. post them and ill add them here, take the self-published ebook guide.

[Anonymous No.11386540]

we love you ypf

[None !!f7JC1TMZDES No.11386569]

>>11386540
Love you guys too <3

[Anonymous No.11386585]

>>11386520
have these two from a thread fucking ages ago
https://docs.google.com/document/d/1NxyGH6B_5czjnqtxjUuOGsv-hUz8NrvWcK7JRnqmMgM/edit
https://docs.google.com/document/d/1Ti-laBUbfmIfyBifCHz5PwTDdJjeGtH_w18OdFhHE1M/edit

not sure if they're useful anymore though

[young poor fag !!f7JC1TMZDES No.11386603]

>>11386585
wow, thanks anon. ill save them and once we have enough information ill make a mega with all these useful information for anybody to use!!

[Anonymous No.11386629]

>>11386603
np, glad to help. been monitoring this general... it's good stuff, keep it up.

[Anonymous No.11386720]

Building niche job boards might be a way to make substantial money on a pretty simple website/idea.
For example, I'm building a free tool helping people test their vocab and Kanji skills before the jlpt (standardized Japanese language test). The site will mainly drive Scandinavian users since I own the domain jlpt.se. I've already gotten it featured on one of the bigger Japanese learning blogs.
The thing is that the Nordic countries do quite a lot of business with Japan (Norway exports a fuck ton of fish. Sweden and Finland exports wood), it's however hard to find people with actual skills in Japanese. Creating a job board on the same spot people go to learn is motivating for the learner and companies will pay for the exposure to the correct niche of possible workers.

[None !!f7JC1TMZDES No.11386924]

Bumpity hump

[None !!f7JC1TMZDES No.11387038]

Where are my fellow burgers at???

[Anonymous No.11387039]

Thinking of getting into graphic design . Any recommendations?

[Anonymous No.11387083]

Looking for money on the side.

I have a lot of time on my hands and im looking for something to do. I have an undergrad degree and 3/4 of a masters degree but no real tangible skills apart from the gift of the gab which has gotten me this far.

The atm one appeals to me.

Can you tell me where you bought the atm from, how you installed it, where you installed it, and what the upkeep is like?

Also what else would you recommend looking into?

[Anonymous No.11387713]

>>11387083
What's your degree? I'm a masters dropout myself

[Anonymous No.11387749]

>>11387713
Degree was biology, masters was physiotherapy.
Yourself?

[Anonymous No.11387914]

All the neets here are too busy playing crypto lottery to care about ACTUAL ways to make money.

My question is, I don't have marketing skills or software development skills. How could I possibly make enough money on my own?

I'm sure those two businesses bring in a bulk of your profits OP.

I currently wagekek 11 hours a day and only have $50k saved up, could sell a few things and have $75k, but I feel like I have no time to really do anything else BUT work. Even when I'm off I still work.

How do you take the plunge into doing these passive income things? If I could make $4k/month without a job I'd quit my job in a hearbeat even though that's half of what I make.

[Anonymous No.11387934]

How hard is it to set up affiliate website etc

[Anonymous No.11388134]

Does anybody here have experience with tax lien purchasing? I know Robert Kiyosaki has mentioned it a few times in his books (hes the Rich Dad Poor Dad guy). Also bump for the ATM questions above because that interests me as well.
>>11387083

[Anonymous No.11388200]

what do you fags think about moonlighting? good idea or bad idea

[None !!f7JC1TMZDES No.11388722]

BUMP

[Anonymous No.11388813]

>>11386493
Ok let's say I want to buy just one ATM.

Can I just wander around talking to businesses until I find a couple interested locations? Let's assume I don't make an ass of myself doing this.

I don't want a relationship with a company with some gay quotas to hit.

I hate doing sales but I'll do this here and there on the weekends to get locations for my machine(s).

Once I get a location and let's say I can pitch in 1 to 3 grand to get the machine in there. Can I just collect passive income after that?

Will an ATM company service the machine and send me checks??

[Anonymous No.11388825]

Anyone have any experience renting out a product as a business? Whether it be landscaping tools, party/event equipment etc.

[Anonymous No.11389006]

>>11388813
>this
Any step by steps on ATMs?

[Anonymous No.11389030]

>>11388813
I'm not sure what "ATMs" even are on this list... aren't banks supposed to take care of their own ATMs? Or are they owned by third parties? Also, what's POS systems?

[Anonymous No.11389218]

>>11389030
The original anon who started these threads had owned atm machines that he stocked with his own cash and charged for withdrawals. He put them in high traffic places like clubs and stuff. In the US you can have independent atm machines in stores

[Anonymous No.11389223]

>>11387749
Ah, I have a ba in ME, my masters was towards the forest industry

[Anonymous No.11390055]

>>11389030
There's third party atm companies. They charge you a fee for withdrawals

[Anonymous No.11390834]

just starting out earning money online as a broke man.
someone recommend me the best choice for the little to no investment options, love you.

[Anonymous No.11391100]

>>11386493

Do you need product/project management or dev assistance on your digital and marketing agencies?

[Anonymous No.11391139]

Affiliate site owner here, happy to answer questions to any anons who are running affiliate sites or thinking about starting. I currently run 2 and thinking about starting a third. Current income is around 1-1.5k monthly (USD).

[Anonymous No.11391150]

>>11391139

what is your site about?

[Anonymous No.11391187]

>>11391150
site 1 (bigger/older one) is about general tech news/how-to. I actually bought it off an anon on /biz/ almost 2 years ago. Site 2 is about a year old and I started it from scratch. It's about video games/streaming.

[Anonymous No.11391189]

>>11391139
How to get started? No prior knowledge on running sites in general. I make 1200 with my shit wagie job. Would love to know how to make at least 1.5k. Any info is appreciated!

[Anonymous No.11391203]

>>11390834
How much do you earn? How much time does it take to manage? Could you tell me more about it? Thanks

[Anonymous No.11391246]

>>11391189
Best resources are /r/juststart and AuthorityHackers blog/podcast. It takes a while for sites to turns profits but once they do, earnings compound and grow exponentially month to month. Plus, websites are very attractive to buyers and generally sell for 25-30x monthly earnings multiples. Think of it like online real estate without nearly the same amount of upkeep required. That is why I love them.

[None !!f7JC1TMZDES No.11391362]

Bump I’ll answer the question in a bit I’m heading back from a festival

[Anonymous No.11391388]

>>11391139
do you write all of your own articles or do you outsource to fiverr or upwork? I am in the middle of launching my first one and the writing is killing me.

[Anonymous No.11391392]

>>11391388
Wrote the first 10 or so articles then started outsourcing. Doing it that way allows you to develop a "voice" and also have a template for the people you hire. I found people on /r/forhire but I've heard of success on upwork, you just have to filter aggressively.

[Anonymous No.11391401]

>>11391392
thanks! any pitfalls I should look out for or good plugins to use on my site to make it easier to manage?

[Anonymous No.11391712]

Whats slumlording op?

[None !!f7JC1TMZDES No.11391866]

How would you guys feel if I made a website with these guides and stuff ? Centered around /entg/?

[Anonymous No.11392074]

>>11391866
Just make a pastebin with links like every other guide on 4chan.

Also these threads get swallowed up by crypto and my question never gets answered anyways

[young poor fag !!f7JC1TMZDES No.11392449]

>>11392074
BTFO this is an Entrepreneurial thread.
but apart from that dumb suggestion, what question did you ask?

[young poor fag !!f7JC1TMZDES No.11392462]

>>11387914
damn bro start atm seems really solid and safe.

>>11391139
Have you quit your day job yet?

>>11391712
A slumlord (or slum landlord ) is a derogatory term for a landlord , generally an absentee landlord with more than one property, who attempts to maximize profit by minimizing spending on property maintenance , often in deteriorating neighborhoods, and to tenants that they can intimidate.

[young poor fag !!f7JC1TMZDES No.11392584]

so where is everybody lol?

[Anonymous No.11392660]

how do I into parking lots?

[Anonymous No.11392868]

>>11392462
>Have you quit your day job yet?
Yes. I cashed out a decent amount from crypto and have been running these sites as well as other businesses since.

[Anonymous No.11392884]

>Buying Royalty rights on music, media, etc

Can i get more info on how this works and how i do this

[Anonymous No.11392951]

>>11391139
Where do you get your traffic from, SEO im assuming?

[Anonymous No.11392970]

>tfw was making 4k a month 2 months ago but google fucked it up and im a broke neet again

protip: dont get lazy thinking you’ve made it and always have a backup method

[Anonymous No.11393112]

>>11392951
Yes, white hat SEO. I'm starting to look into link building/post outreach but I will outsource it. I can't stand doing any of this shit myself anymore.

[Anonymous No.11393223]

>>11392970
YouTube?

[Anonymous No.11393335]

[Anonymous No.11393381]

>>11386493
Is it still worth it to invest in land for a weed / CBD / hemp farm? I understand the market is already starting to get saturated, but it seems like a relatively cheap startup.

My friend owns a small ranch in Texas, and we can get a license for hemp / CBD manufacturing, and that way we'll be poised when it becomes legal recreationally. We can use the cows he owns for fertilizer.

Total investment would probably be about $30k if we want to do it right, $15k from each of us. What do you guys think?

[Anonymous No.11393408]

>>11393381
I want to jump on the train too. I'm in Michigan and it's basically on the doorstep

[Anonymous No.11393433]

>>11393381
Nobody grows weed outside especially in Michigan dude.
All you need is 2-4 lamps and a basement.

[Anonymous No.11393480]

>>11393433
>Nobody grows weed outside especially in Michigan dude.
I know a lot of people that do....
It also happens to be good shit

[Anonymous No.11393487]

>>11393433
Keep in mind, we aren't growing for quality buds (at least not yet). This is for industrial hemp use and CBD. The cost per plant versus return of an outdoor grow makes more financial sense in this regard that indoor growing / hydroponics.

Once Texas legalizes, then we'll talk about doing a warehouse / greenhouse.

[Anonymous No.11393507]

Crypto affiliate site owner here. Was making $20k upwards per month during the bullrun. Now only $300/pm.

People tell you execution is everything, but you need a solid usecase first and foremost. If in doubt, copy someone else's idea and do it better/market it better.

There are no real secrets. It's all about getting to click your links and not others

[Anonymous No.11393536]

>>11393507
Did you have experience building sites before this?

[Anonymous No.11393546]

>>11393536
Just dumb webprojects of my own. I learnt basic html at uni. I taught myself PHP and webscraping as I went.

[Anonymous No.11393566]

>>11386493
Thanks for making these threads fren, I save savor every one

[Anonymous No.11393780]

>>11393480
>>11393487
I've smoked outdoor weed I'm not saying its bad stuff, my point is its basically pointless and it doesnt actually save you money or earn extra cash in any metric.
The best thing you can do if you want to grow it outdoors is move somewhere ultra fertile like Hawaii with all the volcanic soil.
All the best weed is grown in the jungles of South America, Hawaii, other places in the equator like for example Morocco grow very good strains, as well as Afghanistan, certain other places in Africa etc.
If you grow in Texas you should have no problems but the heat might be a little too steep without the altitude to cool it down.
You might also have troubles growing sativas versus indicas.
I don't know much about oil production but I'm sure it makes no difference how you do it.
Honestly if I were you I wouldn't spend anywhere close to the money you are about to spend on growing weed.
What is the costs?
15,000 USD x 2?
Free manure?
Where is the extra costs coming from.
I know lights are kind of expensive but not that expensive.
All you need are lights, power, some ventilation, some seeds, some water, thats about it...
You could do that all with like 3 lamps for half the price you are talking.
Both of you shouldn't need to spend more than 10000.00. Thats a ridiculous amount of money to invest in something you have no customers for.
Do you guys even have the business plan like the branding, advertising, supply chain, distributers?
Weed is so common in Texas bro every single nigger in the ghetto has like 4 bags of different kinds of kush and they get it from Mexico so it cost next to nothing.
Why would you ever try to start drug dealing in Texas when your neighbor is the Global drug dealer of the planet Cartel owned Mexico?
You may as well open a business selling AR-15s and hunting mexican drug mules, steal their drugs, and sell the pot and claim you grew it.

[Anonymous No.11394109]

>>11393780
Lot of misunderstanding in your post my dude.

We're not making weed for smoking at this point, we're making it for industrial purposes. I don't understand what you're not getting about that. Half your post is about smoking it, competing with drug dealers and the quality of the bud. That has nothing to do with our operation.

In order to be profitable to do that, we need a lot of land, and a lot of crop. That's the only way we're going have enough output to manufacture hemp and CBD on an industrial level. To do that we're talking 40+ acres of land, which we'd need to fertilize and irrigate ourselves. I'm pretty sure cartels don't give a fuck about who manufactures hemp or CBD. That's not really their market.

[Anonymous No.11394164]

>>11394109
Its not like you want to be growing some hemp to produce your CBD oils.
If you are making some extracts and concentrates you want high grade cannabis. Its not really that complex, just because your situation is more industrial doesnt discount quality control.
Its like I'm talking to some kind of amateur.
What extra costs are associated with extracting the raw chemicals from the flowers?
I'm pretty sure if you can make hash oils in your kitchen with a stove and an oven and some chemicals from the pharmacy then you can probably do it all the same large scale.

Its your problems I'm listing for you.
Go ahead and make some CBD oils 10 years too late and watch your profit shrink.
I'm not saying you can't grow it and sell it but the mexican cartels and the nigger gangbangers will always undercut you in the local market.
Also the cops WILL fuck with you and your buyers, and the the cartels might fuck you up too if they find your location.
Choice is yours bro.
I'd move to Hawaii to do it.

[Anonymous No.11394206]

>>11386493
> SaaS

People seem to throw around that buzzword like its something new but its really just a piece of software on the cloud. You still need a good idea, and a solid implementation to make money as with any other app out there.

Am I missing something ?

[Anonymous No.11394462]

>>11394164
>Its not like you want to be growing some hemp to produce your CBD oils.

Yes, yes that's exactly what I'll be doing.

>If you are making some extracts and concentrates...

I'm not.

>I'm pretty sure if you can make hash oils...

That's not my business, I have no intention of producing THC or psychoactive compounds, as I've said over and over again. Not sure what you're not understanding about this.

>Go ahead and make some CBD oils 10 years too late...

CBD is just becoming mainstream now. I'm not too worried about it. And even if I do just break even, I'm only in the pot for $15k, which isn't all that much to me.

>Mexican cartels and the nigger gangbangers will always undercut you in the local market.

They don't give a fuck about industrial products. Show me one case of industrial sabotage by cartels or gangbangers.

>Also the cops WILL fuck with you

No they won't, because you can be licensed to legally grow hemp and CBD in Texas, and as I keep saying (over and over again), I'm not producing THC products.

[Anonymous No.11394525]

>>11394462
Yeah but dude you are beating around the bush here. I have nothing against your idea my point is just 30,000 better be producing like EOY 100,000.00 after taxes & after profit. You seem to know what youre doing I'm just warning you that just because you got a license doesnt mean you are not entering an already established black market. Lets be honest dude ... CBD oil gets you high. Its great for people who have illnesses but everyone buy its for fun. The people who are already established in marijuana dealing will directly or indirectly be competing with you in the marketplace no matter how many approvals you get from the mayor or the police chief.
If you know whats good for you just keep a couple rifles on the ranch and some good hounds at the gate or you will regret it.
I have been around people who deal with simple pounds of pot and they aren't nice people.