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

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181–190 of 344 posts

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

#181

Post by tmuir »

mgarfias wrote: post #161
tmuir wrote: post #147

Earlier quoted context omitted.

I've found that you have to work on something that you're passionate about, something you want to use. I don't have the magic formula for finding these things, but after trying several side projects and having them fizzle out, I've finally found something that I want to spend almost all of my free time on, and I do. I do hope to sell the product, but what keeps me working on it 40 hrs a week, in addition to my full t…

If only I could figure out how to make $ working on my car or playing with my kids.

I realize that you're being somewhat facetious, but don't think of the hobby itself as the income generator. Think of something that is difficult or expensive, or time intensive about working on your car, and try to make it easier, cheaper and or faster to accomplish. Think of it from the perspective of people that work on cars for a living. Anything that saves them time/labor/equipment costs will be of interest to these people.

The bare essence is this: find a problem that a large group of people experience, and find a way that allows people to solve that problem.

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

#182

Post by mikelbring »

othello wrote: post #116
mikelbring wrote: post #72

My new service has 2 customers at 29$ a month each. https://textfollow.com

How did you get these first two customers?

They are two local businesses that my partner knew the owner of. We tried cold calling a few others and working with local marketing agencies with little luck so far.

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

#184

Post by foofoobar »

selamin wrote: post #179

I sell a self hosted web app ( http://duetapp.com ) that generates 3-4k a month. It used to be higher, but I haven't given it the attention it deserves in a couple of months.

Where do you advertise? Is your web page the only selling channel you are using?

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

#185

Post by gamblor956 »

derwiki wrote: post #153
to3m wrote: post #148

Earlier quoted context omitted.

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.

It's perfectly fine to own a foreign business (i.e., not located in the US). But it's generally a violation of the H1B to run (i.e., operate/manage/supervise) that business from the US because the foreign business is then generally treated as having a US presence. See "permanent establishment" and the US tax treaty with whatever country you're from.

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

#186

Post by munimkazia »

goshx wrote: post #133
mox1 wrote: post #111

Earlier quoted context omitted.

Ask your mom,brother,uncle,etc to open a Google / iTunes developer account, get a little creative here :)

I understand... it is doable, but still not legal :) We should not have to come up with "creative ways" to do something simple like ads on side projects (be it a blog or a free app).

I have been looking at your replies at this thread, and I think you are confusing legality with ethics (at least in the nature of the law and visa regulations). I am sure it is perfectly legal to work on something for your brother, while he earns the money off the product/app/website.

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

#187

Post by yesimahuman »

A few years back my friend and I had bootstrapped a simple SaaS product to over $30k/mo in recurring revenue with insane margins. We turned it into a bigger business after that, but I sometimes can't believe how much we made with just two people.

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

#188

Post by alokm »

Monthly ~4-5k USD from Adsense through my Android Apps, and couple of hundred from in app sales for removing ads. I made my apps just to learn about Android initially. I did not know it would be a big hit. So, I just kept on adding features as per popular demand.

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

#189

Post by softdev12 »

yesimahuman wrote: post #187

A few years back my friend and I had bootstrapped a simple SaaS product to over $30k/mo in recurring revenue with insane margins. We turned it into a bigger business after that, but I sometimes can't believe how much we made with just two people.

that's amazing. was there much of a sales effort involved?

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

#190

Post by jslabonte »

bussiere wrote: post #114
why-el wrote: post #94

Earlier quoted context omitted.

I am fairly clueless about stocks. Would you mind sharing how would one start? How much upfront cost does it require?

Play only money that you don't need, my program aims to 3% per month. Choose a sector that you like (biotech , videogames etc ...). Take care of trading costs. And if you are a programmer try to find pattern in stocks. https://www.quantopian.com/home If you play even with an algorithm or without, write your rules (i play this amount, i go aout at this date or if i loose this percent). Have a clean head when you play.…

As a neophyte trader, I can't tell the difference between technical analysis, and what Skrudge does. Can you elaborate ?
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