The Long Road to Passive Income Part 3: Expectations vs Reality
▻https://hackernoon.com/the-long-road-to-passive-income-part-3-expectations-vs-reality-6967985cc
“The best-laid plans of mice and men often go awry” — Robert BurnsThis is part 3 in my series about trying to build a revenue-generating web application that provides sustainable passive income. If you haven’t read them already, here are part 1 and part 2.So in part 2 of “the long road to passive income” — published in December of last year — I laid out a plan for growing my web application for making place cards from $100 to $1000 monthly revenue. It was a straightforward plan with three components: 1) riding momentum and increasing the top of my funnel, 2) optimizing (aka raising) prices, and 3) monetizing the free tier of my site.Eight months later I still haven’t hit the $1000 milestone, though have clawed my way quite close with revenue in June topping out at $885. I thought it might be (...)
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