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Re:Instapainting – From $4k in debt to $32k/mo in passive re... by chrischen on Wednesday October 26, 2016 @02:11PM (#12798928)
I can answer any questions, whether about how to get a great Christmas present, or questions about the article!
Re:Instapainting – From $4k in debt to $32k/mo in passive re... by csallen on Wednesday October 26, 2016 @02:18PM (#12798990)
I have a question! (Even though I could've just asked you this during the interview itself.)

You say that you've automated most of the process of running the business: "I've gradually adapted the software over time to automate every process, and generally I only have to step in in rare instances of high-level disputes."

How much time do you spend working nowadays? And on what? What's your typical day look like?

Re:Instapainting – From $4k in debt to $32k/mo in passive re... by chrischen on Wednesday October 26, 2016 @02:30PM (#12799119)
It's passive income in the sense that if I just dropped everything and played video games all day, the income would sustain itself.

However that's far from what I actually do :). It simply means I can free myself up to work on new features or increase revenue. So I'm still working about on average 5-8 hours per day, 6-7 days a week.

I like to travel a bit, and work while traveling. Since I have no employees, this makes it easier to have this lifestyle. Whenever I get a chance to sit down in a coffee shop I'll usually stay a few hours and do work.

Re:Instapainting – From $4k in debt to $32k/mo in passive re... by ska on Wednesday October 26, 2016 @04:02PM (#12799956)
So it is not passive. That's ok, almost all "passive income" isn't, and the term has been abused into near uselessness.

Sounds like the term you are actually looking for is "lifestyle business"

Nothing wrong than that, and it's a more sensible (i.e. well defined) goal that passive income.

Re:Instapainting – From $4k in debt to $32k/mo in passive re... by csallen on Wednesday October 26, 2016 @09:24PM (#12802211)
I think passive is more to do with something "making money while you sleep" or, at least, "making money even if you quit." Thus, continuing to work to increase your business' revenue doesn't mean the money it already makes isn't passive. At least not to me :)
Re:Instapainting – From $4k in debt to $32k/mo in passive re... by chrischen on Wednesday October 26, 2016 @09:45PM (#12802301)
It is passive. The revnue quoted is not sustained by the regular work. That I put into the service. As I stated, if I stopped working then that income would stay, and be considered passive.
Re:Instapainting – From $4k in debt to $32k/mo in passive re... by robryan on Wednesday October 26, 2016 @10:04PM (#12802391)
Presumably though, if you put full time hours in now and obtain a certain amount of revenue/ growth, cutting out those hours would likely see revenue fall off over time, at least from where you would be working full time.
Re:Instapainting – From $4k in debt to $32k/mo in passive re... by ska on Wednesday October 26, 2016 @10:03PM (#12802388)
Would it? Or would it slowly decrease? Nearly all businesses have some momentum, after all.

If you can walk away for say a year without touching it at all and the revenue remains basically steady, I'll agree it is passive.

Anyway, it doesn't really matter - it sounds like you are working at growing a business you enjoy and that's great.

Re:Instapainting – From $4k in debt to $32k/mo in passive re... by graeme on Thursday October 27, 2016 @02:27AM (#12803257)
There can be middle ground. I have a very similar situation to the OPs.

If I stopped working for over a year, eventually there would be complaints, competitors, etc

But within a one year timeframe, there's very little I have to do. And I could get away with working a couple months of the year only + maybe three hours a week maintenance, and the business would grow, slowly.

But, I work consistently, adding new things, because I want it to grow faster. I also know that the environment changes and eventually the current model may stop working or need adaptation.

What do you call that? It's not 100% passive. But, it's not particularly active either.

Actually, having written all this, I remembered someone did come up with a better term: residual revenue.

Meaning that I did a bunch of work in the past that continues to pay off. It will eventually decay, but not very fast. So I can devote most of my energy to new growth, or leisure, over the short to medium run anyway.

Do you think residual revenue (or income) is a better term for this case?

Re:Instapainting – From $4k in debt to $32k/mo in passive re... by ska on Thursday October 27, 2016 @09:02AM (#12804736)
That might work, yes. I like the term much better than passive.

If you need to [edit regularly] respond to SEO changes, or payment provider issues, or maintain your relationships somehow it just isn't passive. It's not a lot of work, hopefully, but it is not passive. You need to stay engaged enough to know how to do it.

Reacting to the environment changes and modeling absolutely is not passive, and I wish people would stop calling it that. I also suspect people underestimate the amount of time they actually spend on this stuff.

Re:Instapainting – From $4k in debt to $32k/mo in passive re... by Silhouette on Thursday October 27, 2016 @10:09AM (#12805199)
If you need to respond to SEO changes, or payment provider issues, or maintain your relationships somehow it just isn't passive.

I'm not sure that's a terribly useful definition. Since any business must have some means of accepting revenues, and almost any means of accepting revenues is subject to dispute, by your argument there is probably no business in the world with a truly passive income. Likewise, in many places you are at minimum going to have to file some sort of annual statements and tax returns for any commercial business.

If a business is generating revenues that don't require anyone to do routine/regular work to keep the money coming in, it seems reasonable to call it passive, even if someone needs to step in under rare or exceptional circumstances.

Re:Instapainting – From $4k in debt to $32k/mo in passive re... by ska on Thursday October 27, 2016 @10:30AM (#12805343)
Ok, I should have added "regularly" respond, that would have been clearer.

What I'm getting at is: If I adjust SEO targets, mailing lists, app or interface code say monthly to keep things moving along, it really isn't passive.

I'm not thinking about annual taxes, or one time problems (DNS issues, certs, payment provider changed) etc.

But routine, regular work absolutely includes any regular updates to website code, transaction providers (add/remove vendors etc.), SEO techniques, etc. If you are tweaking the business weekly/or monthly it is just silly to call it passive.

Re:Instapainting – From $4k in debt to $32k/mo in passive re... by graeme on Thursday October 27, 2016 @12:29PM (#12806548)
Oh, I don't need to do any of that regularly. Doing those things fall under growth activities.

The SEO and email system more or less runs itself. But, y'know, if I completely ignore it for two years something might change.

Mind you, I have some components that have run since 2013/2014 with no change at all. Most of my system is like that actually.

There are website updates required, but a contractor does that. I just monitor reports.

So there's somewhat more work than I think you're thinking of, but not much.

Re:Instapainting – From $4k in debt to $32k/mo in passive re... by mistermann on Thursday October 27, 2016 @02:14AM (#12803222)
It seems fairly reasonable to me that he could walk away for a year with no noteworthy effect. Google tweaking their algorithm obviously would not count.
Re:Instapainting – From $4k in debt to $32k/mo in passive re... by antaviana on Wednesday October 26, 2016 @04:01PM (#12799943)
Do you ever take several days off? Like a two-three week vacation without being online at all. This is what I find most difficult to do for a 1-employee operation that offers a 24/7 service.
Re:Instapainting – From $4k in debt to $32k/mo in passive re... by chrischen on Wednesday October 26, 2016 @09:46PM (#12802304)
All the time. Customer service is handled by the sellers directly.
Re:Instapainting – From $4k in debt to $32k/mo in passive re... by prawn on Wednesday October 26, 2016 @09:43PM (#12802295)
Do you have a partner or children to account for when working while travelling?
Re:Instapainting – From $4k in debt to $32k/mo in passive re... by chrischen on Thursday October 27, 2016 @12:35AM (#12802944)
No.
Re:Instapainting – From $4k in debt to $32k/mo in passive re... by mdrzn on Thursday October 27, 2016 @12:26PM (#12806520)
Would you want one?
Re:Instapainting – From $4k in debt to $32k/mo in passive re... by prawn on Thursday October 27, 2016 @07:44PM (#12811493)
Not if he wants to keep travelling easy!

(It can be done, but it's more limiting and exhausting in general. Just back from three weeks in Europe with two kids under five.)

Re:Instapainting – From $4k in debt to $32k/mo in passive re... by mdrzn on Friday October 28, 2016 @09:06AM (#12815328)
I meant in a way so he can keep traveling and someone else would take care of the work for those weeks.
Re:Instapainting – From $4k in debt to $32k/mo in passive re... by morgante on Wednesday October 26, 2016 @02:35PM (#12799155)
For what it's worth, I think "What's your typical day look like?" would be a great question to add to your standard question battery.

(Also, I cannot overemphasized how much I like Indiehackers. It's become my new must-read newsletter.)

Re:Instapainting – From $4k in debt to $32k/mo in passive re... by eonw on Wednesday October 26, 2016 @11:57PM (#12802803)
well if its truly passive, the question would not be relevant. since the owner shouldn't have to do anything, no?
Re:Instapainting – From $4k in debt to $32k/mo in passive re... by pdog on Wednesday October 26, 2016 @02:38PM (#12799179)
I have a question about the concept of hiring artists and sourcing from factories in China.

What does Instapainting do—in terms of due diligence—to ensure safe working conditions and fair labor practices for workers in the factories that make the product?

Re:Instapainting – From $4k in debt to $32k/mo in passive re... by chrischen on Wednesday October 26, 2016 @02:50PM (#12799286)
We're just a marketplace, like Etsy or Ebay behind the scenes.

That being said, I have personally visited many of the sellers and for advanced products such as highly detailed portrait paintings (the ones sold on Instapainting.com), the artists always work from their home and are independent contractors. It's only for large quantity mass replica work that are actually done in factories, and I've visited those factories as well, however they do not provide the detailed portraits type of work.

Re:Instapainting – From $4k in debt to $32k/mo in passive re... by dilemma on Thursday October 27, 2016 @08:06AM (#12804371)
Did you also ask Tesla and SpaceX about what they do to ensure humane working conditions?

I've worked in a studio/factory in China and visited plenty; from what I've read, they're far better than SpaceX.

Re:Instapainting – From $4k in debt to $32k/mo in passive re... by noddingham on Wednesday October 26, 2016 @03:18PM (#12799547)
I'm interested in your thoughts on how you came about the idea. I don't want to be disparaging but do you consider it "lucky" that you had a friend point you towards selling art reproductions online? Were you already thinking of similar ideas? There's that gulf between ideas and execution, and you clearly executed well. Given that you had previous ideas that you weren't able to successfully execute on (relative to Instapainting), I'm also curious of your thoughts comparing those experiences? Also, congrats on the success and thanks for sharing some of the inside details.
Re:Instapainting – From $4k in debt to $32k/mo in passive re... by chrischen on Wednesday October 26, 2016 @03:29PM (#12799649)
The short answer is I tested hundreds of ideas. At that point, you could tell I was cutting all the bullshit. The original Instapainting.com page was just a single page with some pictures and a Stripe Checkout form after all.
Re:Instapainting – From $4k in debt to $32k/mo in passive re... by shostack on Thursday October 27, 2016 @05:00AM (#12803713)
Can you elaborate on your testing process and some of the other things you tested? What was your criteria for success?
Re:Instapainting – From $4k in debt to $32k/mo in passive re... by z3t4 on Wednesday October 26, 2016 @03:46PM (#12799795)
Can I ask how old you are ? You seem to have amazing determination and knowledge. Thanks for sharing! It's refreshing to see you doing "old school" public relations instead of relying solely on SEO witch is very risky.
Re:Instapainting – From $4k in debt to $32k/mo in passive re... by franciscop on Wednesday October 26, 2016 @02:54PM (#12799325)
How do you learn the business part of what you are doing? I can and do program fancy websites quickly, but I fail to see how I could monetize it. I mean about things that scale well, are kind of low-work and mostly an experiment. So, how do you pick which experiments to try? Do you have like many ideas constantly like that? Do you try few of them until one sticks? How do you know you will be able to pull it off later on?
Re:Instapainting – From $4k in debt to $32k/mo in passive re... by chrischen on Wednesday October 26, 2016 @03:01PM (#12799403)
I learned everything I know how to do through practice and execution.

Yes I've had many ideas. Many terrible, most inconsequential. You'll of course only read about the 1 or 2 successful ones on HN ;). After trying hundreds of ideas, you get lazy and get faster at pushing out ideas. Then just keep at the ones that stick.

Re:Instapainting – From $4k in debt to $32k/mo in passive re... by franciscop on Wednesday October 26, 2016 @03:24PM (#12799609)
I see, so it's basically the same as releasing Open Source software only that you need a plausible selling thing, possibly with a physical product. I'll start trying to sell some of them, thanks (:
Re:Instapainting – From $4k in debt to $32k/mo in passive re... by aaawow on Wednesday October 26, 2016 @02:16PM (#12798973)
do you see deep learning artistic services as competitors to real artists? e.g. https://deepart.io/
Re:Instapainting – From $4k in debt to $32k/mo in passive re... by chrischen on Wednesday October 26, 2016 @02:18PM (#12798993)
To real artists, perhaps, but we currently only offer direct photo to painting services, which mean the only services offered by artists on our site are directly copying photos and turning them into physical artworks.

So unless deepart.io is combined with a painting robot, we don't feel threatened.

And in fact we already released both a painting robot and the first free-to-use neural network style transfer demo.

Re:Instapainting – From $4k in debt to $32k/mo in passive re... by jacquesm on Wednesday October 26, 2016 @02:24PM (#12799047)
You keep saying 'we' whereas my impression is that this is a solo project, is the lady you mention in the article your partner in the business (since you mention no employees)?
Re:Instapainting – From $4k in debt to $32k/mo in passive re... by chrischen on Wednesday October 26, 2016 @02:33PM (#12799137)
Right now the business is just me. We is used out of habit, since it's technically a C corp and I technically have investors.
Re:Instapainting – From $4k in debt to $32k/mo in passive re... by jacquesm on Wednesday October 26, 2016 @02:35PM (#12799153)
That's a nice thing you've built there, congratulations. Very impressive!
Re:Instapainting – From $4k in debt to $32k/mo in passive re... by jgorn on Thursday October 27, 2016 @08:38AM (#12804564)
Hi Chris, question about a very minor part of your sales funnel.

The question about sharing the customers photo & painting on your site defaults to YES (which is 'free') and offers a NO option at +$3 extra charge.

Pricing theory, I'm particularly thinking of loss aversion, would suggest you'd get more customers selecting your preferred option of YES if you offer a discount for making this selection (-$3) and leave the rate unchanged for those declining to share.

I'm curious if you A/B tested this pricing option and found the +$3 charge more successful (assuming you are trying to maximise customers opting to share their photos)? Anecdotally I'd be more inclined to pick the option that gives me a discount, if it existed.

Re:Instapainting – From $4k in debt to $32k/mo in passive re... by vatotemking on Thursday October 27, 2016 @12:04AM (#12802837)
> I've used PHP, Node.js, Mongo, and React.js. The stack consists largely of micro-services, which is crucial in allowing me (the only developer) to migrate the site to new technologies.

Can you pls elaborate on this?

Re:Instapainting – From $4k in debt to $32k/mo in passive re... by chrischen on Thursday October 27, 2016 @12:34AM (#12802938)
It lets me uograde parts of the application piecemeal.
Re:Instapainting – From $4k in debt to $32k/mo in passive re... by webmaven on Thursday October 27, 2016 @01:24PM (#12807134)
That's not an elaboration...

Really, could you go into some more detail on how you structure, build, and deploy your microservices? Monitor them? Scale? Do migrations?

Re:Instapainting – From $4k in debt to $32k/mo in passive re... by rmsaksida on Wednesday October 26, 2016 @08:28PM (#12801989)
Could you elaborate on the marketplace backing Instapainting? You've mentioned sellers and painters - if I understood correctly, does that mean Instapainting immediately delegates to 3rd party sellers once a sale is done through the website, and it's the sellers who handle hiring the painters, shipping and (some of) customer service? If so, that's amazing and quite surprising. It really is a marketplace/bidding portal wholly abstracted for the end user.

Congrats on the website and success, very inspiring story!

Re:Instapainting – From $4k in debt to $32k/mo in passive re... by chrischen on Thursday October 27, 2016 @12:37AM (#12802955)
Yes. It is fundamentally a marketplace abstracted for the end user.

It evolved into this way over time, and I didn't set out planning to build it this way.

Re:Instapainting – From $4k in debt to $32k/mo in passive re... by thang on Wednesday October 26, 2016 @02:36PM (#12799160)
How much customer support (for either artists or buyers) did you have to do as this grew before you managed to automate everything?

How long did it take to define/implement/automate these processes?

Re:Instapainting – From $4k in debt to $32k/mo in passive re... by chrischen on Wednesday October 26, 2016 @03:03PM (#12799414)
I'm primarily a coder. So it doesn't take long to identify something that I have to repeatedly do manually, and then automate a solution that would reduce the incidences of it.

A feature can be pushed out as fast as a day or sometimes take a week, if it's a complex problem.

Re:Instapainting – From $4k in debt to $32k/mo in passive re... by reledi on Wednesday October 26, 2016 @04:57PM (#12800474)
- Have you experimented with painters from areas other than China?

- What's the onboarding process like for a painter?

- I read on the reddit soft-launch post that one way the business handled scaling was by printing out the photos and then painting over them. Did it turn out to be a successful strategy?

Re:Instapainting – From $4k in debt to $32k/mo in passive re... by mistermann on Thursday October 27, 2016 @02:18AM (#12803227)
What a great idea....I woulda kept that one a secret.
Re:Instapainting – From $4k in debt to $32k/mo in passive re... by niccolop on Wednesday October 26, 2016 @03:37PM (#12799718)
What other verticals do you think you’ll expand into?
Re:Instapainting – From $4k in debt to $32k/mo in passive re... by chrischen on Wednesday October 26, 2016 @03:50PM (#12799838)
I was thinking of maybe turning Instapainting into a social network.
Re:Instapainting – From $4k in debt to $32k/mo in passive re... by niccolop on Wednesday October 26, 2016 @06:38PM (#12801356)
So a social network for Chinese painters?
Re:Instapainting – From $4k in debt to $32k/mo in passive re... by 6stringmerc on Wednesday October 26, 2016 @03:46PM (#12799796)
I'm a somewhat vain individual. Any of your talented artists capable of making me one of those Dorian Gray type portraits[1]? Kidding aside, I compliment you on the innovation and using technology to streamline the relationship between customer and producer.

[1] https://en.wikipedia.org/wiki/The_Picture_of_Dorian_Gray

Re:Instapainting – From $4k in debt to $32k/mo in passive re... by countryqt30 on Wednesday October 26, 2016 @02:45PM (#12799240)
What keywords / search terms did you optimize for?
Re:Instapainting – From $4k in debt to $32k/mo in passive re... by chrischen on Wednesday October 26, 2016 @03:04PM (#12799418)
The keyword discovery at first was mostly accidental. Basically after the techcrunch article was pushed out, I eventually noticed that certain keywords were ranking based on that article, and certain ones were converting to sales. Then it was a matter of pushing out more publicity to rank higher, and then later on identify other keywords.
Re:Instapainting – From $4k in debt to $32k/mo in passive re... by charlierguo on Wednesday October 26, 2016 @04:47PM (#12800358)
What were your favorite resources for learning SEO?
Re:Instapainting – From $4k in debt to $32k/mo in passive re... by ehsanu1 on Wednesday October 26, 2016 @06:05PM (#12801100)
Congrats Chris, I knew you'd make it!
Re:Instapainting – From $4k in debt to $32k/mo in passive re... by linuxlewis on Wednesday October 26, 2016 @08:40PM (#12802041)
Sites down.