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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?

#281
post #139
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.

@raphar: Great idea. Me too. I've been checking various online payment options for a while now, but all of them seem to have some issue or the other. I don't mean Stripe, since that is only available in the US and a few other countries, and I'm not in those.

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

#282
post #151
post #139

Earlier quoted context omitted.

@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

Can't reply to you below (no reply link), so saying thanks here (about the sales rep bit).

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

#283

Real Estate - Thanks to the financial crisis, I've been able to pick up some cheap real estate that generates cash flow. Currently, I'm making about $50k/year.

I've always wondered, when you try to vulture on cheap property during a crisis, are you able to secure financing at all or do you have to buy all-cash?

[deleted]

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

#284

I own and run a website, in the category of special-interest news stories, that's making 10–15k a month consistently for almost 10 years. (Yeah, we got started early, which is probably why I have good search engine rankings.) Google AdSense is the only means of income. We get close to 1 million unique visitors a month. Just me and one other part-time employee running it, so it's been a pretty spectacular (and unexpec…

will Google allow me to display adsense ads on a website like this http://www.mega.pastemehere.com ?

http://mega.pastemehere.com/

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

#285
post #267

Earlier quoted context omitted.

Good question, Pluralsight uses a subscription model so the courses aren't actually priced individually. For example, at the lowest tier a subscriber can pay $29/month and get access to the entire catalog (which is several thousand courses). When an author produces a course Pluralsight actually acquires the copyright and therefore exclusive distribution rights for the course as part of the transaction. In return auth…

Thank you for the detailed answer. Handling copyrights and exclusiveness sounds bad to me... Did you try first to sell your videos independently?

I didn't try to sell them myself, but I did consider it...HEAVILY.

However, fpr me there were a lot of big wins for going with a publisher like Pluralsight. For one thing, they take a lot of things that are not really related to video production off of the table so you can focus on content. For example, - distribution (i.e, an LMS platform with video hosting that actually works across the globe) - payment processing, especially if you want to do subscriptions since that entails a whole other level of PCI compliance - dealing with video piracy, which can be a bigger problem than you'd ever imagine

Now, I'm actually a software engineer by trade so I could eventually build all of this infrastructure myself if I really had to. But once I realized that I'm in the business of producing content and not creating an LMS that path made much less sense to me than it did at first. Basically I just asked myself 'what would be my differentiator?'. Was it doing video hosting? No. Doing PCI-compliant payment processing? Nope. But, making sense of all of the mud around agile techniques in a way that normal developers could actually use start using them day to day was. So, why not focus on that an outsource the rest.

On top of all of that though the biggest win with going with an established publisher is being able to tap an already existing audience. As I mentioned previously I didn't have an established brand going in so any attempt to launch videos myself would have likely launched to the sound of crickets. Launching on Pluralsight immediately gave me exposure to a large audience who were already paying for this type of content. I'm not sure if Pluralsight makes their subscriber numbers public but, as an example, their twitter account has over 200K followers. Now while not all of those followers are paying subscribers you can assume that those who aren't are at least prospects since they've expressed an interest in hearing about which videos are being released. Getting immediate access to that audience, as well as a marketing channel to reach them, can be huge for getting you started...especially when you don't already have a brand of your own.

Does that mean that I'll never release a video under my own brand? Probably not. There are a lots of LMS as a service providers now on the market that make it much simpler to launch my own video distribution platform than it would have been previously. In addition, one of the biggest drawbacks of using a third party publisher is that you lose visibility into the entire sales funnel. For example, I can track people through my funnel through twitter, to a post on my blog, to a CTA at the bottom of that post that directs people to a related video available on Pluralsight, but I don't have visibility into whether or not they actually convert...which is the most important part. Distributing under your own brand gives me visibility into the entire funnel which would help give me the ability to really grow the business. But, before that's a viable option, I need to have a more established brand than I do now. Otherwise...I would simply launch to crickets :)

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

#286

I generate about $1750 USD per month producing training videos for Pluralsight, most recently on how developers can make sense of agile. http://www.pluralsight.com/author/jeremy-jarrell The $1750 month is the current rolling average. It can be much more when a new course is launching.

Just a note, I got a lot of great questions about how producing training videos works.

If you have any questions later, or are curious about things you don't want to ask in public, don't hesitate to hit me up directly either on twitter at @jeremyjarrell or by email jeremy AT jeremyjarrell DOT com. I'm happy to answer anything.

I also have a contact page on my site that I monitor: http://www.jeremyjarrell.com/contact/

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

#287

I'm around $5500 a month total from 2 Udemy courses and a launching Traction book. It breaks down like this (all links below): My SQL for Marketers course on Udemy does about $1500 a month, and has been pretty steady since launching the course on Udemy in late April. This takes almost no maintenance, though I am starting to work on improving it in response to student feedback. My other course, Productivity for Mac Us…

Udemy offered me the SQL for Marketers course on Black Friday sale for $10 (down from $199?). I couldn't pass that up.

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

#290

One day, I saw opportunity. I called in sick from work the next day (because I just couldn't wait for the weekend!) and hacked out an Android app. Net result after several years: $50,000 in revenue. The way it happened is that I was already working on my Iridium Flares app, when one day I saw a certain new app launched. I knew I could do it better and I already had some useful code from another project, so I called i…

So your money is all the result of a big lie?
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