"What most of these Passive Income blogs and podcasts seem to be selling is really a process: whereupon you start with analyzing a market with google's search insight tools, build a simple utility for that market, purchase adwords for it, and then ab test it."
You just summed up every article written on PIH
What most of these Passive Income blogs and podcasts seem to be selling is really a process: whereupon you start with analyzing a market with google's search insight tools, build a simple utility for that market, purchase adwords for it, and then ab test it.
While a process like this might work some of the time, it still doesn't guarantee anything.
I love the idea of being a Passive Income Hacker, mostly because I love the idea of "financial freedom" to pursue interests independent of a stable job and stable income. But the two things that make me wary of it are: (1) isn't it still a lot of work up front? work that you could be putting into something with much bigger impact on society into? (2) I wonder how stable the income is over time without maintenance.