How much are you willing to tell us about the income source?
I’m finding it difficult to think of anything that generates a small but consistent revenue stream with no babysitting, that is also completely unresponsive to low-effort attempts at scaling it.
Usually if there’s no babysitting, that means low-effort scale. Or if it is hands-free but still can’t scale, it’s because you’ve found the boundaries of the market opportunity (but when is that ever just 1k?)
I guess my question is what niche product/service did you find that the entire world only wants $1000/mo of??
My niche is "make knowledge of Germany approachable to non-Germans".
This website works because moving to Germany implies paying for certain things, like health insurance. It also works well because most of the existing information is only available in German. This content also ages rather well, unlike programming tutorial or cellphone reviews for example. I don't need to constantly create new content.
I can't think of any other topic I understand this well that provides this much value to the readers. I know a thing or two about long distance motorcycle travel, but nothing I couldn't summarise into a few articles, and nothing that could generate affiliate income. I had some other ideas, but none of them withstood scrutiny.
Instead, I'd rather grow the website to cover more complex topics that I'm currently dealing with, such finance and retirement planning in Germany. It feels good to help people answer the same questions I had.
It could be something as simple as a tool that costs a dollar and automatically checks out a popular book from the local library.
And it's only in German and works with one library system.
How much are you willing to tell us about the income source?
I’m finding it difficult to think of anything that generates a small but consistent revenue stream with no babysitting, that is also completely unresponsive to low-effort attempts at scaling it.
Usually if there’s no babysitting, that means low-effort scale. Or if it is hands-free but still can’t scale, it’s because you’ve found the boundaries of the market opportunity (but when is that ever just 1k?)
I guess my question is what niche product/service did you find that the entire world only wants $1000/mo of??