HACKER Q&A
📣 throwaway_yc

What is your strategy for significant passive income in 2021?


Is it too late for creating content on YouTube?


  👤 Jugurtha Accepted Answer ✓
Tangential to this: I started uploading videos to YouTube recently. I was amazed by the fact some trivial things are not possible.

For example: I uploaded videos to my account, and then wanted to transfer the videos to another account. This is not possible. I have to download the already uploaded videos, then upload them again to the new account.

Second: in the Contents view of Studio, there's no way to know if the videos are in a channel, so I selected videos and added them to a channel. Result? The operation is not idempotent. The channel now contains several references to the same video.

This is unfucking believable, as the product has existed for ages and there's no way I'm the only one to have this problem. The worst thing is that, the documentation and all the guids on the internet casually tell you to re-download the videos, and then upload them to the channel. How on earth this flow seemed acceptable is beyond me.

Now, the next step obviously was to sort the videos in the channel by duration or name so I could quickly find the copies and remove them, right? Wrong. You can't sort videos by name or duration, only by upload date or publication date. What in the name of fuck.

If I had time, I'd make a service to do just that. Based on the tutorials and questions and answers on reddit that find it totally normal to re-download videos that are already uploaded in order to upload them again, this is insane.


👤 rulambo
I don't think there is any "passive" income in YouTube or creating something. Passive income flow is owning for example 20% of a farm which pays you out a share of their income every year.

This being said, don't make it complicated. The last 10 years, putting your savings into FAANG was enough, and the next 10? Well, I am 3 years in BTC and it paid me well (2019: +60%, 2020: +350%, 2021: +80%).

Watch 5 minutes of this (timestamped) https://youtu.be/ld8SBflZR7o?t=1033

And read this: https://twitter.com/RaoulGMI/status/1369038305187270658

Don't read Twitter, HackerNews or any other social media site regarding finance. Or at least, follow 1-2 people who know what they are saying. Stay otherwise away and make money.


👤 clxxx
I wouldn't say creating content on YouTube is "passive". If you want to make it work, I'd say there's a fair amount of work to be done.

A high school friend and I recently started a finance YouTube channel about 2 months ago that does generate small income and is steadily growing (here's the channel for reference: https://www.youtube.com/channel/UC9IZYXzt4dl13MAycfoyMdQ) The only source of our income right now comes from Patreon (only $174/month). In comparison to my previous business ventures, considering there's no overhead and that there's no monetary risk associated with this sort of business, profitability so quickly feels unreal. But from researching larger channels, it seems Youtube functions more as a platform to leverage other channels (such as Patreon, or selling e-learning content) rather than just making revenue from ads. Ad revenue is tiny in comparison to those, or sponsorship deals, which should come in when the channel gains traction. In fact, at this point, much more revenue comes from actually just executing the trades or trading the stocks mentioned in the channel, but since that research is beneficial to us anyway, I suppose its a win-win. Hopefully things will swing more in our favor as the channel grows.

I think in order to make any meaningful income through Youtube, the two most important factors seem to be consistency and a supportive niche. Hopefully when this question comes up in 2022, I could answer with more confidence about passive income through Youtube, but there's my two cents from my personal recent experience.


👤 mtmail
related from last year "Ask HN: What was your best passive income in 2020?" https://news.ycombinator.com/item?id=25316912 and "Ask HN: What is your passive income 2020?" https://news.ycombinator.com/item?id=24859111

👤 sigmaprimus
I am seriously considering getting back into premium web design and management for the restaurant industry.

The lockdowns have been brutal on the restaurant market but just as after a forest fire, new plants appear that are no longer shaded, the same explosive growth potential is there for new restaurant startups.

A few hundred bucks a year contract for a simple menu website and domain name, with future service potential is an easy sell and they add up quickly into a substantial passive income.


👤 giantg2
I guess everyone's definition of significant can be different. I'm probably just playing the stock market.

👤 smarri
A colleague of mine makes over $100k a year buying and selling art in his spare time.

👤 ElectricMind
I do not want to discourage you but please humble request no to one more "influencer" or "YouTube personality" Or "YouTube celebrity". Even 5 years old is philosopher these days. smh

👤 forgotmysn
ETF's.

👤 runawaybottle
/r/wallstreetbets

Start wheeling options.