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Ask HN: How much recurring income do you generate and from what?

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Re: Ask HN: How much recurring income do you generate and from what?

#151

Post by zrail »

raphar wrote: post #139
zrail wrote: post #9

I wrote and self-publish a book named Mastering Modern Payments[1], with a fairly recent second edition. It's making about $2k/mo. I am also selling paid support and add ons for my open-source Rails engine for Stripe named Payola[2][3], which very recently gained support for subscriptions[4]. [1]: https://www.masteringmodernpayments.com [2]: https://www.payola.io [3]: https://www.payola.io/pro [4]: https://www.peteke…

@zrail and just for anyone out there who wants a product idea. I really would pay for a book on the same subject but for ppl outside US and the first world. To setup and collect payments world wide outside those countries is a pain in the ass. Any book on that (or good services) deserve money & success.

One option is Boku[1]. Several companies I know use it to great success for non-credit-card, non-paypal payments.

[1]: http://www.boku.com

Re: Ask HN: How much recurring income do you generate and from what?

#153

Post by derwiki »

to3m wrote: post #148
derwiki wrote: post #141

Earlier quoted context omitted.

It's not legal to launch a web service in your home country that makes money from people in your home country? How do other businesses operate?

No :) It's not legal in America for people resident in America on an H1B visa to operate businesses. You could just ignore this, like I do, but if you're in America on an H1B visa, which I'm not, then you're probably best off following the rules, lest they expel you and never let you back in, without giving you time to organise getting all your stuff back first.

To be clear, we're talking about running a country in your home country, not in America, while you are currently on an H1B in America. I'm sure you know more about this than I do -- could you provide me with a link? I'd love to learn more.

Re: Ask HN: How much recurring income do you generate and from what?

#154

Post by ssharp »

breischl wrote: post #126
markyc wrote: post #91

Earlier quoted context omitted.

been looking into real estate investment lately, what do you consider a good roi?

Rule of thumb is that the monthly rent should be at least 1% of the purchase price. More specific ROI calculations are good, but people typically forget a lot of expenses (repairs, vacancy, time spent managing, etc) and end up calculating an unrealistic ROI. After accounting for all that stuff, at least 8% cash-on-cash, plus more in debt repayment.

Is that a hard number to hit? It seems like it could be, without getting great deals on auctions, where it might be hard to predict necessary repairs.

Re: Ask HN: How much recurring income do you generate and from what?

#156

Post by notdarkyet »

dangrossman wrote: post #134
notdarkyet wrote: post #131

Earlier quoted context omitted.

Wow, so is improvely is run just by you? 30k a month is impressive. I checked out your blog, but have you ever had anyone else working on it or have you always maintained the full stack?

It's always just been me. This is a lifestyle business for me, and I don't really feel time-constrained at all. The variety of skills you have to develop to run a software business alone is what makes it interesting to me; I never get bored with the work since there are so many roles I can choose to take on each day. There's always something new to learn on the horizon, and great motivation to do the learning (like a…

Cool, inspirational that you were able to get the business up to that level alone.

Re: Ask HN: How much recurring income do you generate and from what?

#157

Post by charlesdm »

breischl wrote: post #126
markyc wrote: post #91

Earlier quoted context omitted.

been looking into real estate investment lately, what do you consider a good roi?

Rule of thumb is that the monthly rent should be at least 1% of the purchase price. More specific ROI calculations are good, but people typically forget a lot of expenses (repairs, vacancy, time spent managing, etc) and end up calculating an unrealistic ROI. After accounting for all that stuff, at least 8% cash-on-cash, plus more in debt repayment.

First of all, I know very little about RE. However, this seems quite high, no? Is this for a property you need to do some redevelopment on yourself (i.e. put in a new kitchen and/or bathroom, and do some painting), or for something that is in an acceptable state to rent out?

Re: Ask HN: How much recurring income do you generate and from what?

#158

Post by robgough »

jeremyjarrell wrote: post #78
NicoJuicy wrote: post #64

Earlier quoted context omitted.

Same question as to the other Pluralsight creator. What tools do you use to create these courses?

Hey Nico! Regarding hardware I record with a Blue Snowball cardoid mic and a pop filter. The entire setup including mic, stand, and pop filter cost me a little over $100 on Amazon. Pluralsight also reimbursed the majority of that after my first course was delivered. ( http://www.amazon.com/Blue-Microphones-Snowball-Microphone-A... ) Regarding software I record and edit with Camtasia for Mac ($99) on a MacBook Pro. I'…

I'm curious if there is a reason you don't use Quicktime's built in screen-record functionality?

Re: Ask HN: How much recurring income do you generate and from what?

#159

Post by dotnetkow »

raivo wrote: post #85

About $15 a month from 3 iOS baby tracking apps. Built to scratch my own itch, so to speak :) Here's one, and the side bar lists the others. https://itunes.apple.com/us/app/napendar-baby-sleep-tracker/...

Scratching your own itch is the best way to get started! Congrats, keep it up!

Re: Ask HN: How much recurring income do you generate and from what?

#160

Post by andrewtbham »

consta wrote: post #73
andrewtbham wrote: post #24

i make about $2k per year with my location aware time tracker app. iOs only. I spent about 100 hours to write it, spend about 40 hours per year on updates and support emails. https://itunes.apple.com/us/app/onsite-time-tracker/id470803...

how many total downloads do you have if I may ask?

I offered it for free for a while and it got picked up on app advice... so when that happened I got 10k downloads in one day.

but paid downloads... about 100 per month.

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