301–310 of 376 posts
I run Pinboard by myself and make about $250K/year in revenue, with 97K expenses.
Where does 97k expenses come from, if you don’t mind me asking
Key Values ( https://www.keyvalues.com ) is a one-woman show (oh hi!). I started Key Values as a side project two years ago, but it quickly turned into my full-time passion and business. I'm doing ~$30k/month and it's almost all profit since I don't have an office or any employees. I recently talked to Courtland of Indie Hackers (already mentioned in the comments) about how I got here: https://www.indiehackers.com/po…
Have about 100 paying customers.
Yeah everybody hates popups. But I saw a potential for a product and wanted to try doing the SaaS thing after a decade selling software and doing consultancy. It has been a lot of fun, it is thrilling and scary to have my JS loaded on some high traffic sites.
Key Values ( https://www.keyvalues.com ) is a one-woman show (oh hi!). I started Key Values as a side project two years ago, but it quickly turned into my full-time passion and business. I'm doing ~$30k/month and it's almost all profit since I don't have an office or any employees. I recently talked to Courtland of Indie Hackers (already mentioned in the comments) about how I got here: https://www.indiehackers.com/po…
Go for it! I'm working on NanaGram ( https://nanagram.co ) solo and bootstrapped. Although I'm not making a full-time income yet, it's generating a profit. It's mostly automated. NanaGram is the 3rd greatest generator of happiness and fulfillment in my life (after my wife and my dog). I get a constant stream of good vibes from customers, most recently voicemails from grandmothers! ( https://nanagram.co/blog/feedback-…
https://letterfromyou.com/ Letter from You is a service that allows business owners to connect with their clients through beautifully handwritten letters. It's my first side project and currently talking to some larger recurring companies.
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> I'm doing ~$30k/month and it's almost all profit since I don't have an office or any employees. Awesome job. I am really surprised with that kind of revenue you don't spring for an office or dedicated office space at WeWork. You might as well spend money on your business, either that or you paying taxes to uncle sam (assuming you based out of the US). I try and buy a new MacBook Pro each year, might as well get a h…
I’m not sure how the US tax system works, it seems doubtful that if you spend money on an asset you can deduct the full amount from the tax you pay? In Australia you would basically deduct the purchase price of a MacBook Pro off the total profit you calculate tax on so it ends up being around a 30% discount on the MacBook Pro. If it’s similar in the US at all spending profit pointlessly would just be throwing money a…
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You are right, of course it's not 100% deductible. I am not advocating spending wildly on things you don't need for the business. If you have lots of revenue and not a lot of expenses, it makes sense to splurge on physical assets you can use and then expense and in the future sell. I.E. computers, networking equipment, storage, monitors, etc. Furthermore, it also make sense to spend on things that can help you grow t…
If you deduct the expense, and then sell it later, your going to have to claim the sale as income. And pay tax on it.