- Jun 9, 2014
- 78,391
- 110,690
Founding Member
Great idea for passive income: Start an internet message board
- Thread starter oxrageous
- Start date
- Jun 13, 2014
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- Nov 9, 2015
- 7,401
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I bet running this board takes a lot of time and effort. Now if you want to make a lot of money do what this site does.
The White Coat Investor | Investment Tips, Tools & Guides
He is a doctor who makes more at this and his other associated projects than being a doctor. He also has great financial advice from him and the various posters.
Now if this violates policy, please remove the post.
The White Coat Investor | Investment Tips, Tools & Guides
He is a doctor who makes more at this and his other associated projects than being a doctor. He also has great financial advice from him and the various posters.
Now if this violates policy, please remove the post.
- Dec 4, 2016
- 6,063
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You should consider selling one of your hearts, it’ll fetch more. Plus, I’ve been told by a doctor that you only need one to live.
- Nov 17, 2017
- 3,419
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How does one come up with a valuation for a website? Just curious.
Last edited:
- Jun 5, 2014
- 37,013
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There are a number of formulas and calculators on the web that can help with that. It all has to do with your profits, obviously.
- Oct 29, 2017
- 1,682
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I'm a moderator on an automotive forum. It's international, over 175,000 members, many paid with several dozen sponsors. I've stopped by the owner's house, it's very nice. He actually sold the forum a year or so ago, it's a full time job so the new owner kept him on as CEO. I think he does pretty well.
- Jun 5, 2014
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I wonder how much he sold it for.
- Nov 9, 2015
- 7,401
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- Oct 29, 2017
- 1,682
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I don't know about that. Great guy though. He had a great idea and really worked hard for a number of years to build up a niche forum which is world renowned as "the" place for info.
I have toyed with the idea of copying his model. I know one niche that could use his format.
One reason I paid up when I signed up here is I know what it takes to administrate one of these forums ox. You do a pretty good job. Get you a couple of sponsors and you might really have a passive income stream.
- Sep 23, 2017
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- Jun 5, 2014
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The problem is it's not a very good niche for sponsors. An automotive forum is absolutely ripe for all kinds of products that companies fumble all over themselves to be sponsors. Who would sponsor Gatorchatter?
- Jun 5, 2014
- 37,013
- 98,012
Founding Member
I am eagerly awaiting your PM with all dozen.
- Oct 23, 2017
- 2,407
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Maybe you could get the Gainesville Sun to sponsor GC. They are obviously flush with cash and appreciate the value of investing in message boards.
- Jun 11, 2014
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- Oct 29, 2017
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sent
- Jun 9, 2014
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Ox, by passive I assume you mean income that is a bi-product of owning the site and not actual passive income subject to passive loss limitations. I would think the income from Adsense comes by way of a 1099-MISC, no?
- Jun 5, 2014
- 37,013
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Founding Member
Yes, I’m getting 3 different 1099-MISC’s from three different ad sources. Adsense is only a backup source now and makes me very little money now.
I don’t like paying taxes on any of it. “Passive” meaning I’m just sitting back and collecting money. All the hard work has already been done.
I don’t like paying taxes on any of it. “Passive” meaning I’m just sitting back and collecting money. All the hard work has already been done.
