How to become rich even if nobody is following you on Twitter
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How to become rich even if nobody is following you on Twitter
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Re: How to become rich even if nobody is following you on Twitter
#2I think the bigger hurdle for most people is getting from $0 a day to $1 a day. Replicating success isn't as hard as finding success.
Re: How to become rich even if nobody is following you on Twitter
#3Sounds like a great strategy if one only cares about making money and doesn't care about working on any projects, startups, software for companies, ect.
Re: How to become rich even if nobody is following you on Twitter
#4There's a third option not mentioned in the article. That's creating a $1/day project, then working to make it a $2/day, then $3/day.
Either through improving the thing you're selling, or by finding better ways to sell it. Take, for example, Patrick@bingocardcreator.com . He seems do have done pretty well following that method.
I don't know if that's any more or less work than building 400 projects, each selling for $1/day though.
Re: How to become rich even if nobody is following you on Twitter
#5There's a third option not mentioned in the article. That's creating a $1/day project, then working to make it a $2/day, then $3/day. Either through improving the thing you're selling, or by finding better ways to sell it. Take, for example, Patrick@bingocardcreator.com . He seems do have done pretty well following that method. I don't know if that's any more or less work than building 400 projects, each selling for…
I think that's the first option. Which is focusing on one thing and making it better and making more money from it.
Re: How to become rich even if nobody is following you on Twitter
#6This is an interesting post, and I'm eager to hear what other people who have spent more time in the startup scene think of it. Here's my thoughts:
1. I think I've seen the "two groups" that the post talks about, but I have begun to have serious doubts that they're as fatalistic as they're made out to be. For example:
The in-crowd live in the U.S, they attended MIT or Berkeley, they write well, have interesting blogs and are followed by 400 or more people on twitter.
You can't change where you went to school, but you can improve your writing skills, start a blog, and get 400 followers on Twitter. In fact, this is trivial over a period of months. Writing good content is not only for the elite; it's how you become one of the elite ;)
2. If you do a little research up front on the market for whatever you're going to create, you might be able to just create one product rather than 400. It might be more difficult in the beginning, but you just might learn an incredible amount and turn out to be one of the most well-rounded sources of startup insight on HN. See patio11 / Bingo Card Creator for an example :)
3. My main concern would be sustainability; those 150 projects that make you $12k / month aren't going to do so forever. You'll run yourself ragged trying to keep them all together, and at some point, you'd probably be better off with a job. I guess what I'm saying is to try and pick a model that will scale more than $1/day projects will.
In spite of these criticisms, I did enjoy this article for its thought-provoking angle that's very different from a lot of the stuff I read on HN.
Re: How to become rich even if nobody is following you on Twitter
#7Although I wouldn't see myself doing 400 "half baked" projects, I understand that it could be a solution for people who are in it for the money. That being said, I definitely agree with the fact that your social network and environment can have a big influence on your success. We don't all have the chance to live in Silicon Valley.
Re: How to become rich even if nobody is following you on Twitter
#8This is an interesting post, and I'm eager to hear what other people who have spent more time in the startup scene think of it. Here's my thoughts: 1. I think I've seen the "two groups" that the post talks about, but I have begun to have serious doubts that they're as fatalistic as they're made out to be. For example: The in-crowd live in the U.S, they attended MIT or Berkeley, they write well, have interesting blogs…
1. It's very very difficult to learn to write well or be interesting. I have many friends and I know that no matter how hard they actually tried, they would not be able to write stuff people want to read. They are good at what they do, but they can't write even if they tried.
2. Creating one product is the route everyone takes by default. Yes, it works, but this is introducing an alternative route
3. Part of the optimisation is focusing on projects that are easy to spin off into new projects. If one project is selling clothes and the next is hospital management software, that's just stupid. If one is an auction management dashboard, the next is a sales management software, then it's easy to adapt. You learn quickly what ideas have generic code bases that are easy to adapt, and what ideas are very specific in their technology and are difficult to adapt.
Re: How to become rich even if nobody is following you on Twitter
#9This is an interesting post, and I'm eager to hear what other people who have spent more time in the startup scene think of it. Here's my thoughts: 1. I think I've seen the "two groups" that the post talks about, but I have begun to have serious doubts that they're as fatalistic as they're made out to be. For example: The in-crowd live in the U.S, they attended MIT or Berkeley, they write well, have interesting blogs…
those 150 projects that make you $12k / month aren't going to do so forever.
I guess what it really comes down to is how much each project makes over its lifetime, relative to how much time you put into it. Pulling more numbers out of thin air, if it takes one day to push out a project making $1/day (a reasonable assumption, I think, once you've already made 100 of them or so), and if the project's useful lifetime is about 1 year, and if you work 200 days a year (so, 200 projects), that gives me $71000/year. You're not getting rich off this, but you can live comfortably almost anywhere in the world.
Of course, the catch is that the projects should require zero maintenance, otherwise it adds up very quickly.
Re: How to become rich even if nobody is following you on Twitter
#10Ah, that photo brings back memories. That's the keihin-touhoku line in tokyo and believe me, it's an accurate depiction.