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Instapainting – From $4k in debt to $32k/mo in passive revenue with no employees

indiehackers.com

211–220 of 277 posts

Re: Instapainting – From $4k in debt to $32k/mo in passive revenue with no employees

#211

I can answer any questions, whether about how to get a great Christmas present, or questions about the article!

> I've used PHP, Node.js, Mongo, and React.js. The stack consists largely of micro-services, which is crucial in allowing me (the only developer) to migrate the site to new technologies. Can you pls elaborate on this?

It lets me uograde parts of the application piecemeal.

Re: Instapainting – From $4k in debt to $32k/mo in passive revenue with no employees

#212
post #192

Earlier quoted context omitted.

It's passive income in the sense that if I just dropped everything and played video games all day, the income would sustain itself. However that's far from what I actually do :). It simply means I can free myself up to work on new features or increase revenue. So I'm still working about on average 5-8 hours per day, 6-7 days a week. I like to travel a bit, and work while traveling. Since I have no employees, this mak…

Do you have a partner or children to account for when working while travelling?

No.

Re: Instapainting – From $4k in debt to $32k/mo in passive revenue with no employees

#213

I can answer any questions, whether about how to get a great Christmas present, or questions about the article!

Could you elaborate on the marketplace backing Instapainting? You've mentioned sellers and painters - if I understood correctly, does that mean Instapainting immediately delegates to 3rd party sellers once a sale is done through the website, and it's the sellers who handle hiring the painters, shipping and (some of) customer service? If so, that's amazing and quite surprising. It really is a marketplace/bidding porta…

Yes. It is fundamentally a marketplace abstracted for the end user.

It evolved into this way over time, and I didn't set out planning to build it this way.

Re: Instapainting – From $4k in debt to $32k/mo in passive revenue with no employees

#215
post #8

Ug, is it just me, or does that he took money before actually having anyone to paint the pictures seem unethical? Would people have ordered if they had of known there were no artists as yet, or for that matter the artist were going to be friends of the website owner?

TBH there's many cases where people sell things before actually having the capability to deliver them, as long as the customer gets the goods at the end of the day, I don't really see the problem. Heck if you look at the idea of Kickstarter and Indiegogo they're a whole market predicated on the idea of buying things that don't exist yet (and in many cases those things are harder to deliver than the creators suggest i…

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Re: Instapainting – From $4k in debt to $32k/mo in passive revenue with no employees

#216

Ug, is it just me, or does that he took money before actually having anyone to paint the pictures seem unethical? Would people have ordered if they had of known there were no artists as yet, or for that matter the artist were going to be friends of the website owner?

I recently switched internet/tv providers. The new service had me sign a 2 year contract up front. The guy who did the install didn't know about it until 20 minutes before its scheduled. He's working a queue. Same as the artists I'm sure. Just saying, other companies lock you in much more deeper before knowing exactly how they'll deliver. Not weird at all.

Re: Instapainting – From $4k in debt to $32k/mo in passive revenue with no employees

#217

Earlier quoted context omitted.

Are you saying I either have to pay $3 to opt out or save $3 to opt in? Or are you saying the base price remains the same if I opt out, but I would get a $3 discount if I opt in? I would find scenario #2 a more suitable option. Meaning I'd happily pay the standard price in exchange for opting out, but people who choose to opt in receive a small discount in exchange for their willingness to be used as marketing collat…

Q. Price $120. Can we use this as a sample? (Yes: -$3) A. Happy to pay the full price! -- Q. Price $117. Can we use this as a sample? (No: +$3) A. No fucking way I'm paying $3 NOT appear in your gallery of samples!

Q. Big Mac meal $6.99. Can we put a picture of you eating it in our next commercial? (No: +$3)

A. Keep the Big Mac. I'm going to get a Whopper from Burger King.

Re: Instapainting – From $4k in debt to $32k/mo in passive revenue with no employees

#218

Earlier quoted context omitted.

Q. Price $120. Can we use this as a sample? (Yes: -$3) A. Happy to pay the full price! -- Q. Price $117. Can we use this as a sample? (No: +$3) A. No fucking way I'm paying $3 NOT appear in your gallery of samples!

Q. Big Mac meal $6.99. Can we put a picture of you eating it in our next commercial? (No: +$3) A. Keep the Big Mac. I'm going to get a Whopper from Burger King.

I get why it seems distasteful, but I personally thought it was pretty clever. This site thrives on good, real world examples in the home page, so it would make sense to incentivize people to agree to let the site use their examples. If it were a larger company I would probably not like it either, but I'm willing to give a pass to a very small business.

Re: Instapainting – From $4k in debt to $32k/mo in passive revenue with no employees

#219

Earlier quoted context omitted.

Q. Price $120. Can we use this as a sample? (Yes: -$3) A. Happy to pay the full price! -- Q. Price $117. Can we use this as a sample? (No: +$3) A. No fucking way I'm paying $3 NOT appear in your gallery of samples!

Q. Big Mac meal $6.99. Can we put a picture of you eating it in our next commercial? (No: +$3) A. Keep the Big Mac. I'm going to get a Whopper from Burger King.

Q. Big Mac meal $9.99. Can we snap a picture of you smiling for our Instagram? (Yes: -$3)

(Burger King costs $9.99 with no offer.)

And now you buy the Big Mac without making a scene.

Re: Instapainting – From $4k in debt to $32k/mo in passive revenue with no employees

#220
post #96

Congrats on the success. Thanks for sharing the business story too. Disclaimer: this is not a paid endorsement. I don't know Chris. But I happen to be a customer - having bought a painting as a gift. It is framed on the wall at this moment. My only feedback. Your prices felt too inexpensive. Knowing something was handmade I would have paid more than I did. I'm sure you have researched the market and margins and all t…

Hi! Thanks for the comment! All I can say is that the reason I don't charge more is it'd just be lining my pockets since the artists set their prices at a pretty consistent rate. I don't get lower rates from the artists than my competitors, so I just undercut them in final retail price instead.

Why not charge more and pass it along to the artist? Maybe let the artists set the prices?
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