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Passive Income: How I make $40,000/year doing nothing (software engineer edition)

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Passive Income: How I make $40,000/year doing nothing (software engineer edition)

Ex-Google Tech lead Patrick Shyu explains passive income, and how he earns additional side-money just by sitting around doing nothing, leveraging his l33t coding skills to develop self-maintaining apps.

There are many other areas for passive income as well like Amazon self-publishing eBooks, Bitcoin mining, or drop-shipping. What are your thoughts on passive income? Let's discuss in the comments below!

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Passive Income As A Developer: HOW? ($2000/Month Or More!)

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► Passive Income As A Developer: HOW? ($2000/Month Or More!) ◄

A lot of developers dream about earning money and increasing their overall income. While there are a lot of alternatives nowadays for complementing your income, passive income is definitely the one that still gets the spotlight.

Passive income could be defined as income resulting from cash flow received on a regular basis, requiring minimal to no effort by the recipient to maintain it.

While there are a lot of different ways to make passive income, as a developer you have some exclusive ways.

Wanna know how to make passive income as a developer?

Watch this video and find out!

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How To Create PASSIVE INCOME As A Developer (Secret From Self-Made Billionaires)

This video explains some key ideas on how to make more money, and passive money, as a programmer and software.

Getting paid per hour can generate a great salary, but it can never generate freedom for you. The only way to earn real financial freedom is to generate passive income streams that generate money while you sleep, allowing you to truly live your life without having to think about working all the time.

Online programs, niche apps, plugins and financial investments are some of the ways to generate passive income, and these concepts are explained in this video.

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Oscar is a leader, educator and programmer specialised in Artificial Intelligence and Machine Learning who strives to build a world where all leadership spawns from an intrinsic compassion for others.

He is heavily interest in mindfulness and meditation and is a daily Brazilian Jiu-Jitsu practitioner. Furthermore, he Loves lifting heavy things and reads a lot of books and believes in a world where compassion and mutual understanding and respect permeate all of our actions.

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How To Make 40k a Month in Passive Income Without Writing Any Content

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In this video I show you How To Make $40,000 a Month in Passive Income Without Writing Any Content.

Thats right you don't have to write a word of content and still cash on publishing your own newsletter

Thats exactly How To Make 40k a Month in Passive Income Without Writing Any Content...

Use fiverr or upwork and iwriter.com to hire ghostwriters or do an interview with industry leaders... the sky os the limit

if you have any questions about How To Make $40,000 a Month in Passive Income Without Writing Any Content shoot me a comment below!

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Passive Income For Game Developers - 5 Ways To Make It

Passive income is the ultimate form of income...and as a game developer sometimes its hard to stay afloat while you're working on a long term project. I share 5 tips to generate this income.
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If you are an indie developer and you are looking for a fantastic community and help to refine, manage, and market your game, join us!

Building an online business and Why software developers make so much money and how you can too

In this video I talk abotu the the tech I'll be using to build an online store, some issues that I am running into while learning to write algorithms, why develpers earn the money that they do, and how almost anyone can do the same.


After 15 years in the Army I got out. Now I'm building a brand and business and documenting it while working at Microsoft for Insight Global

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How Do I Come Up With A Profitable Side Project Idea?

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How To Make Money Passively Online As a Web Developer or Programmer

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I was a regular guy in 10K debt working 60+ hours a week trying to build a web agency. I had been doing this for 10 years and had lost all my creativity, my ambition, and pretty much my life direction. But I had heaps of energy and I am incredibly self-disciplined. I stumbled upon dropshipping in Jan 2017 and now run stores well into the 6 figures per month. This channel is about helping others (maybe with no direction but a lot of ambition) find fulfillment by running successful Ecommerce (mainly dropshipping) stores.
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May 2017 - How To Go From Beginner To Passive Income With Apps

Today I want to talk about the process of going from absolute beginner to having an app in the store making money.

Read the full article here:

Here are the 5 phases or steps that you need to get an app into the store and make money.

1. Come up with an idea or a business model.

It’s important to make sure that your app idea is good and that you know what kind of business you are building.

You can make sure that your app idea is good through a variety of ways, a lot of it through market research, by looking at the app store and see if there’s anything already, asking people around what they’ve seen working, see what the trends are, and all the stuff that people do to qualify their ideas.

On the business model side is to walk through and see how I’ll be spending the least amount of money, ask questions about how the app will come to life, and then ask how I’m going to make the most amount of money back.

If you’re interested in all this stuff, we have the resources on the site. Go check it out, sign up for the free ebook, The 21-Step App System. Or join the Bluecloud App Formula Course, and we’ll show you how to do all this stuff.

2. Get the app built

You have two choices: build it yourself or hire someone, a developer, to build the app for you.

If you want to learn how to code, and want to code it yourself, go for it. We will not teach you how to code because, honestly, I think that’s a very difficult thing to do if you’re trying to build a business.

The other thing is, you need to hire a developer. The best place to do this is at Upwork.com. That’s the best resource we found, and where I hired probably 20 developers.

Whether you decide to do it yourself or hire someone, you go and get it done.

3. Publishing phase

This is when your developer or designer has completed the app. Now they need to upload it to iTunes Connect. It’s the App Store’s mission control center. So they finish the app, now they upload it, put in the icon and screenshots, create a title, write the description, pick the keywords, and add all sorts of information. You put the app into that staging scenario where it’s not live yet, but it’s getting ready for Apple to approve it.

4. App goes live and you start marketing it

Here you start telling people, “Hey, here’s my app, go download it.” You get some press releases or you start to do this App Store optimization or ASO. You optimize for the algorithm. You pick the right keywords, get the right title, test your screenshots and icons. You can look at statistics and analytics and see how your download volume is doing, and adjust and optimize accordingly. You can purchase Facebook advertising.

There are tons of different ways that you can get published by a huge company that can drive hundreds to thousands of people to you, lots of different ways to get traffic to your app.

5. Monetization

This is when you turn users into dollars. Monetization can happen in a variety of ways. It can be a paid app, in-app purchases, advertising, subscriptions, email collection, etc.

This phase is when you start to see all the hard work pay off and make some dollars come in the door.

If you follow this blueprint, you can have an app in the store in easily under 30 days.

We got a lot of tips and tricks to make this happen a lot faster and get bigger results.

We’ve made 1600 apps and counting. I never coded anything, and many of our students have no idea about coding. So it’s very feasible, and it works. And it’s continuing to work. This 2017, the app is having its biggest year ever. It’s a good time to be in the app business.

I hope this inspires you to join us. It’s a great business to be in. Digital products is as good as it gets for passive income.

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How to Make Money as a Programmer in 2018

I'll go through 5 methods that you can use to make money as a programmer! We are lucky in that our skill will only get more valuable to society over time. Links to everything I've discussed are below.

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JMS297: 7 Ways to Make Money as a Developer

The obvious and not so obvious. Finding a good mix of active and passive income streams. Diversifying your income. And, how to know which of the incomes paths is the best for you.

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Why I left my job at Google (as a software engineer)

The Tech Lead Patrick Shyu explains why he quit Google as a software engineer.

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PASSIVE INCOME: DEVELOPER'S WAY FOR AUTOMATED CASH | UnbeatableDeveloper.com

READ FULL LESSON AT:

Tired from selling your work hours for cash?

You're not the only developer who is dreaming about passive income.

It's not hard after all - let's explore how you can earn passive income too.

In this lesson, we will cover:

0:24 HOW TO CREATE PRODUCTS
3:24 HOW TO PARTNER WITH CLIENTS
5:33 HOW TO TEACH
8:19 WHY THINK OUTSIDE THE BOX
10:07 MASTER ACTION
10:55 ADDRESSING FEARS

As Pieter Levels proved by his personal experience, having minimal programming knowledge allows you to build products that generate over $50,000 per month.

Building a product is not that hard and doesn't require much technical skill.

The truly hard part is switching your mindset from a technician to entrepreneur.

Have you ever felt excited about taking a new fancy technology and building something on it?

Yes, me too...

But sadly, fancy technology doesn't bring you money. You need to stop being excited about technology.

Customers don't give a shit about your technical stack.

Don't be like a child who is attracted to shiny balls 124 times a day.

To earn money, you need to ask people what they need and build products for them fast.

Think about:

What are the things that still take too much time to achieve online?
Why does booking an airfare still feels inefficient?
Why is scheduling a time with friends or business meetings is still inefficient?
What else is time-consuming on the web or on your phone? 
Are you embarrassed when your code looks crappy?

You shouldn't, because it doesn't matter. Your customers don't see your code.

You'll be the only one looking at your code in the beginning.

And when your business grows, there will be a team of developers who will refactor your code anyway.

As an Unbeatable Developer Academy student, I advise you to honor your time and only work with ideas that:

can bring uncapped income
doesn't make you location-dependent
doesn't require you to sell your hours for cash
Avoid transactional business ideas (like Groupon), because you will have to deal with thousands of people to actually earn a dime. Dealing with many people will bring you headache. 

Also, avoid ideas that require human intervention, such as screening, 1:1, etc.

Remember: Build products that solve real problems, and people will pay for it. Don't focus on technical stack - it's not important at the beginning.

How To Partner With Clients

Are you still freelancing with an employee mindset? Do you still focus on selling hours?

Stop being a business expense for your client. Help your client make money.

If the client asked you to build something, it means there is monetary value in this. They definitely expect profit from that.

If you don't care about their profit - you're just another business expense. Just another guy they're going to feed.

When I sell hours, I only care about the task I am doing and I just want to finish it as soon as possible, so that I can move on with the next project.
When I honestly care about the end result for my client - the actual profit they will - I get compensated with passive income, because we agree to share the end reward.
As I explained in my How To Price Yourself lesson, you need to:

Ask your client what exactly they expect after they put your work (app/website/product) on action
Set value-baced pricing agreements
When you bring more profit than your client expected, you share the profit
That's how you're seen as an investment instead of just another business expense.

As Dalai Lama explained: being a good human being is its own reward.

Why care only about your task, when you can expand your scope of awareness and bring much more value on the table?

How To Teach

Do you know the secret to becoming a rich developer?

Never hold anything just for yourself.

As a developer, you definitely have some knowledge and skills.

It doesn't matter if you're doing it for 1 month or 10 years - you always have to share something to the world.

There are so many courses about how to code. But almost none about how to actually be a good, productive developer.

And research shows that some developers are 25 times more productive than others. Why?!

Teach developers about:

How to handle physical health and stamina
How to increase mental productivity and awaken inner genius
How to connect job with spiritual mission
How to deal with relationships as a developer
...
Do it, let it all go. Let the energy of Universe flow from you to the whole world.

CONTINUE LEARNING AT:

5 Tips for SIDE INCOME as a Software Developer

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10 Ways to Make Extra Money by Programming

10 Ways to Make Extra Money by Programming

- Some freelance websites:
1. Freelancer.com
2. Odesk
3. Elance

- Some inspirational online shopping sites:
1.




Tags: Software,software development,passive income,make more money,software engineering,programming,how to make money coding from home,code online and earn money,how to make a lot of money programming

How to travel and work as a remote software developer

Ex-Google Tech Lead explains how to travel & work. Work remotely from anywhere, travel the world while being part of the most energizing community of developers and get supported to do more of what you love. Check out

If you've ever wanted to live the instagram influecner / digital nomad lifestyle, I'll get you all setup. Learn how to travel while working remotely from the pro. I've spent years living this lifestyle and I've got a few tips for you.

Let me know your thoughts in the comments below.

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Video explanations of popular interview questions:
(use code techlead for a discount)

Get free daily coding interview practice:


Listen to audiobooks to save time on your drive, here's a free book coupon:


Check the tech & camera gear that I'm using (★★★★★):

My Desk Lamp:
My Mouse:
My Camera:
My Headphones:
My Earbuds:
My Monitor:
My Multitool:
My Keyboard:
My Microphone:
My Macbook:

👕NEW MERCH HERE!


‣ For more tech career & interview tips & tricks, check out TechLead: Season 1 Complete HD available for purchase.


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