Yours is just a different method. You had to work to get the money, first. Passive income is the same. Some effort had to be put forth.
Passive doesn't mean do nothing and get something. That's idle income. I believe, particularly when we talk about it here on HN, it means to apply a set of already possessed skills, knowledge, resources, etc., and put forth some effort without a great deal of emphasis on making a profit, at least initially. Otherwise, it is a job.
But if successful and money is made, you have a source of income. And it may eventually become idle income.
I guess we have different definitions of passive income. Obviously you can spend a bunch of time to build and run a business (and, in fact, I try to do that). I just don't really think it's passive when you're working many hours a month on it.
In contrast, my portfolio requires literally 0 work on a monthly basis.
Pretty much the same. Do some work, create resources (money, website, app, property, knowledge), put the resource to work for you.
No doubt using resources you already have, which in your case is money, to generate income would fit the definition of passive income. More accurately, it's investment income, which also is not guaranteed. And you did have to perform work to get that money in the first place. Are planning on injecting more funds into your portfolio? That likely means performing more work to generate those funds.
Likewise, I have sites that generate income that I have not touched in months, maybe a year or more. Like you, I had to do some work to begin generating the income. Now, it's passive income. Not a business.
Sure it is.
Yours is just a different method. You had to work to get the money, first. Passive income is the same. Some effort had to be put forth.
Passive doesn't mean do nothing and get something. That's idle income. I believe, particularly when we talk about it here on HN, it means to apply a set of already possessed skills, knowledge, resources, etc., and put forth some effort without a great deal of emphasis on making a profit, at least initially. Otherwise, it is a job.
But if successful and money is made, you have a source of income. And it may eventually become idle income.