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Between 3000 to 5000 a month USD spending about 10 hours a month on support. Last year, made about $40K. Nothing to sneeze at, but nothing to get too excited about either.
I'd like to know what you do for your normal paycheck (and how much it is) if an extra $40k a year isn't anything to get too excited about. Isn't that close to the median household income in the U.S.?
Last month my revenue was shy of $35,000, pretty minor expenses, and it's basically passive. I sell a combination of e-books and physical books, I have a few dozen titles.
Although this requires a good amount of time, I'm still able to do some freelancing on the side which makes a pretty sweet addition to the above, works out just great.
Earlier quoted context omitted.
For fear of competition, I'd rather not say. They live in the education, lifestyle and graphics category. Two of them are ranked within the top 10 of most paid in many countries.
hm. do you have an email we can contact you at?
Last month my revenue was shy of $35,000, pretty minor expenses, and it's basically passive. I sell a combination of e-books and physical books, I have a few dozen titles.
Any generic advice on selling ebooks? I'm preparing one and it will be the main offering of the site besides an established forum.
Are you referring to business income/revenue or personal income from those businesses? Of the 4 businesses I've founded or co-founded (BIG Folio, APF, NextProof, and 2 Tablespoons), the first two generate approximately half of their revenue from recurring fees (we also have setup fees). That adds up to high 5-figures per month for each (more in a good month). Of course, they both have the highest overhead in terms of…
Is this your site? http://2tablespoons.com/ If so, Cilantro sounds interesting. One of the things I keep reading is that the restaurant industry is super resistant to change and adopting new technology. Or it seems that way. How are you going about circumventing that issue? Or minimizing it, at least?
So, I've decided to go after the website market and solve the Flash/PDF menu/no mobile/crappy website problem. Plus, I've succeeded in the niche website space already.
The cool thing is, I can still add coupons and daily deals into the website system–and with less friction.
To answer your question, I'm circumventing resistance to change by wrapping it into something every restaurant has to have (a website) and removing as much friction as possible (mainly time by making it so easy to create/update).
http://www.bingocardcreator.com/stats/sales-by-month These days BCC is in maintenance mode (i.e. I respond to emails, cut checks, and put out fires, but I don't do active development or marketing). It works out to a bit more than my old salary for roughly 69.5 less hours of weekly work. I have two other businesses: I do consulting and I have Appointment Reminder. Appointment Reminder pays its own way now, but doesn't…
It seems like that would accelerate growth of your startup - while BCC revenues ensure that you have enough runway to grow the business.
Of course, it is possible that consulting adds in more value to the business (e.g. new domain knowledge, useful contacts ) besides pulling in revenue.