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m1ndeater

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One thing I find frustrating is when people associate passive income with non-value producing shortcuts, scams, and poor ethics. Passive versus active income and scams versus providing real value are independent characteristics of a business; it's perfectly reasonable to create a "good" business that creates real value and earns passive income.

Passive income is one of my primary goals, so maybe that's why I feel like defending the term. Maybe the phrase just has bad connotations these days, but I don't think the idea of making money without having to actively work should come with immediate thoughts of shady affiliate programs and scummy endeavors.

I built http://bidwars.net (try http://pittmaplemiss.bidwars.net/ for an active group). It's currently for sale on Flippa and the auction has more details: https://flippa.com/2944217-craigslist-competitor-with-14-700...

Summary: It's the love child of eBay, Craigslist, and Facebook. 7,200 users since January 2013. Currently making around $550/m in AdSense revenue. Growth has stabilized. Roughly 20,000 pageviews a day from 3k visitors.

Stack: LAMP + CodeIgniter, Saas, Coffeescript and jQuery.

skype: gr33nw00d, email: dr.greenwood@gmail.com