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How I Built a $5K a Month Side Project

campfirelabs.co

221–230 of 261 posts

Re: How I Built a $5K a Month Side Project

#221

Earlier quoted context omitted.

> Whether you pay for yourself, or others pay for you, is a binary choice. You're still speaking in terms of our current system being the product of some immutable natural law of the universe. What I am talking about is more fundamental. The very idea of someone "paying for you" is built on the premise that some group of people is entitled to own and control such vast quantities of the planet's resources that they en…

> You're still speaking in terms of our current system being the product of some immutable natural law of the universe. That's because it is . Perhaps the prevailing mechanism of transfer (money) artificial, but what it represents is a fundamental law of nature. Money is simply a representation of time and/or energy and/or physical resources: all fundamentals of nature. > ...it's even more so [asinine] when you add t…

>what it represents is a fundamental law of nature.

What fundamental law is that? The one that governs kill-or-be-killed among animals on the African plains? I'm pretty sure we've evolved beyond that in other ways. And, most find this evolution generally desirable.

>Hauling water back from a water source every day? Hunting? Tending to goats? Farming?

Do you seriously believe these are our only options: laissez-faire (worse, captured) capitalism or goat-tending?

>Nobody is entitled to "live" with no exchange of time/energy/resources. We only do so under certain circumstances because humans are, fortunately, somewhat altruistic.

? It's fortunate that we're altruistic. It's a good thing, really, to help people--as long as those rotten, dirty, free-loading, good-for-nothings don't expect it.

Good grief.

>You're not entitled to it. Nobody is.

Not entitled to life? We owe someone else and the only form of payment for most is to produce wealth for others? There's no other way to organize an over-abundance of basic, life-sustaining resources for the common good?

>Nobody is entitled to "live" with no exchange of time/energy/resources.

This is just begging the question. You believe that statement only because of the current order.

Likewise all of your comments about "ownership" and "someone else's resources". You start with the current order, then defend it, essentially with "because it is". Beyond that, you present all choices as binary. It's either we do exactly what we're doing now or tend goats.

>at which point a simple math problem would show that redistributing that wealth fairly (read: to everyone, equally in the entire world)

Who suggested this? What "wealth" are you even talking about? The idea of wealth you're referencing is also rooted in the current system. People can't break their minds out of this box. I've only mentioned basic resources for subsistence.

>we'll all start from scratch, again... That doesn't seem fair to anybody....

No one's advocating that. I don't understand these false choices. You lay out all of this rationale for the status quo, then pin its justification on wholly ridiculous alternatives.

Re: How I Built a $5K a Month Side Project

#222

Earlier quoted context omitted.

> Whether you pay for yourself, or others pay for you, is a binary choice. You're still speaking in terms of our current system being the product of some immutable natural law of the universe. What I am talking about is more fundamental. The very idea of someone "paying for you" is built on the premise that some group of people is entitled to own and control such vast quantities of the planet's resources that they en…

> You're still speaking in terms of our current system being the product of some immutable natural law of the universe. That's because it is . Perhaps the prevailing mechanism of transfer (money) artificial, but what it represents is a fundamental law of nature. Money is simply a representation of time and/or energy and/or physical resources: all fundamentals of nature. > ...it's even more so [asinine] when you add t…

This is an example of a beginner approaching the topic of a post-scarcity economy. There's so much more to it than 'people producing wealth'. That's pretty much going away - almost all manufacturing is already automated, and the rest will soon be so.

This puts us all between a rock and a hard place - most of us will be out of a job, and at the same time the factories are in the hands of the folks who built them. So lots of goods available, and no market (few people have any money).

Clearly this is a different world than the 1800's free market system anticipated. So we'll have to change.

Re: How I Built a $5K a Month Side Project

#223

Earlier quoted context omitted.

I worked for a mom + pop Amazon seller (manufacture + ship from China to America, stick packaging on it, send it in to Fulfillment by Amazon, collect a check) He's probably worth $50m as one of the top 250 sellers. Probably ~20 SKUs. Tons of competitors trying to bring him down but his product has so many reviews that it is just a money printer. He was smart to be at the right place at the right time. He undercut the…

What is this new trend of belittling accomplishments down to luck? At the very least, thousands of people had the same opportunity to do what your boss did. And that's if we take your word that this is all he did, and he didn't negotiate at all or spend any time researching what products to sell, or take a loss in the beginning to provide good customer service for future gain. Even seeing the opportunity is a skill i…

The competition is stiff today:

https://www.theverge.com/2018/12/19/18140799/amazon-marketpl...

Re: How I Built a $5K a Month Side Project

#224
post #176

500 emails for 20 signups = 96% off target. >> By May of 2015 I had sent over 30,000 sales and marketing emails .96 × 30,000 = You just annoyed ~28,800 people. It's only because this immense amount of time lost is borne by strangers that it's a viable business. Let's not glorify spammers.

A 4% signup rate actually signifies really well targeted emails. Not everyone who doesn't sign up is annoyed by the mail (or did even open or read it). I think this is far from beeing spam, where you would see signup rates well below 1%.

...doesn't that imply that emails are just a garbage method of communication more than anything else? I can't remember the last time I didn't immediately hit "spam" on an e-mail I didn't specifically request/expect.

Re: How I Built a $5K a Month Side Project

#225
post #43

If you don't mind me asking, I'd like some help laying out what my next steps should be on one of my side projects. I had an idea for a side project, ran it by a hand full of friends and associates, expecting to have a bunch of holes poked into it (they have done that to me many times in the past). This time they all think I have something. Problem is I work full time, as a Linux systems engineer (30 years of Unix ex…

Honestly, as someone who has started a 5-6 figure monthly "side-hustle" in an area where there are many other players, and which requires learning new frontend skills, while I'm a crusty UNIX/Linux head, 30 years experience like you, I would say: just do it! Here is the thing I learned in 2018, in which I also generated >$700K of side income working 10-12 hours a week (mornings, evenings, and weekends): If you know h…

I'd also like to know more about what you're doing on the side that is that profitable.

Re: How I Built a $5K a Month Side Project

#226

Earlier quoted context omitted.

What's code war?

It is what some are calling parts of modern espionage: using social media and other distributed systems to spread misinformation & propaganda, and more generally destabilise "the other side". A play on words with "cold war" to highlight the similarities with what went on in that period.

Ah, interesting

Re: How I Built a $5K a Month Side Project

#227

Earlier quoted context omitted.

> You're still speaking in terms of our current system being the product of some immutable natural law of the universe. That's because it is . Perhaps the prevailing mechanism of transfer (money) artificial, but what it represents is a fundamental law of nature. Money is simply a representation of time and/or energy and/or physical resources: all fundamentals of nature. > ...it's even more so [asinine] when you add t…

> what it represents is a fundamental law of nature. What fundamental law is that? The one that governs kill-or-be-killed among animals on the African plains? I'm pretty sure we've evolved beyond that in other ways. And, most find this evolution generally desirable. > Hauling water back from a water source every day? Hunting? Tending to goats? Farming? Do you seriously believe these are our only options: laissez-fair…

> Not entitled to life? We owe someone else and the only form of payment for most is to produce wealth for others? There's no other way to organize an over-abundance of basic, life-sustaining resources for the common good?

You have a right to life, you are not entitled to be taken care of, these are entirely different things. He's not saying you owe anyone anything. Basic life sustaining resources require labor to be made useful, shelter doesn't just appear out of nowhere, someone has to labor to make it: you do not have a right to someone else's labor, you must do your own labor to take care of yourself, it is not owed to you. Being required to labor for yourself does not imply you owe anyone anything.

> The idea of wealth you're referencing is also rooted in the current system.

It really isn't, wealth just means stuff. All systems will have it, it has nothing remotely to do with just the current system. Stuff doesn't just exist, someone has to create it, that someone by natural right owns what they create; no one is entitled to another mans efforts.

Re: How I Built a $5K a Month Side Project

#228

Earlier quoted context omitted.

No, your personal definition doesn't matter. If you buy/scrape a list of email addresses, and send to ANY of those addresses, that's spam. I work for an email marketing software company. That's the definition used in the industry. >0 unrequested emails is spam. If you've never spoken to this person before, you have no business relationship with them, and they have not opted in to receive mail from you, you are an ema…

Agreed but how do you establish the relationship in the first place? Then only options I see is to a) hope google finds you interesting enough, b) paid advertising, or c) word of mouth. What are the other methods ? I am asking because I can't think of anything else.

Have you considered that this type of marketing is actually counterproductive? If a company spams me, and I notice it, it's guaranteed that I will avoid them like the plague, regardless of how good their service is. This is poisoning the well. It might get >5% of the people spammed interested, but what if the other 95%?

Re: How I Built a $5K a Month Side Project

#229

I actually did this too... I create Datastreamer ( http://www.datastreamer.io/ ) which (when I created it) was an RSS syndication platform as a service. You gave us RSS feeds and then we would index them and send you the output without having to deal with the insanity of RSS feeds. This was a decade ago though. I've been running it since and now it's more of a massive search engine of content - nearly a petabyte at t…

That doesn't seem like something to regret. In my mind, building a business is about giving you the freedom to do whatever you want. If keeping it small helps you do that, that's what you should do. Take a minute to skim through the history of a bunch of "successful" companies on that rocket trajectory. Does it sound like it made the founders happier? Or do they seem like they were actually doing better at some sweet…

I agree. It's fine to let something stay a side project. Having a company setup that pays for a lifestyle and stays fairly passive is a success based on the original intention.

Founders can look back and say "I could have had more" or "I could have been like X multi-million dollar company", but then the company is no longer a side project. Then the company is your life, which seems contrary to the initial motivation if the point of a side project is to not work 24/7 in a CEO lifestyle filled with meetings and managing.

Re: How I Built a $5K a Month Side Project

#230
post #16

I created a successful side project back in 2014. It is still running and making 20 times more than I would get with a normal job. But i was lucky. Lucky to be born in a rich country. Lucky because I was given a computer at the age of 5. Lucky because I had unlimited education opportunities. Lucky because I had a friend who gave me access to something I needed for my business. And many other lucks. I will never deny…

In hindsight, all these stories seem to have a clear thread running through them which can be replicated by anyone with reasonable intelligence, drive, and time. In practice that particular thread likely required all kinds of environmental details to occur - details the entrepreneur might not have noticed at the time, might have forgotten about later, or might be discounting as unimportant.

It's totally true that there are lots of people in the world who don't have the circumstances to make a business like this happen right now.

But there are many, many people who do have the circumstances to make it happen, and who would benefit from it, but who make wrong choices and waste their time elsewhere. Those are the people who the article is intended for.

Speaking more broadly - The fact that this business strategy isn't immediately available to every person on Earth doesn't seem that fruitful of a point to make. Why does this come up every time someone posts about anyone doing anything entrepreneurial and succeeding? What is the message for disadvantaged people in our society? "You have no chance of succeeding because of your circumstances; give up now"? Somehow, this external-locus-of-control [0] viewpoint seems very attractive to people to the point that they actually want to spread it memetically. And yet it's been pretty well demonstrated that this style of thinking is actually harmful to people to who engage in it.

Even for many of the people who can't immediately carry out a strategy like that in the blog post - many of them could, with some time and preparatory action, get themselves into a position where it's possible. Consider someone who lacks skills, connections, and experience. They cannot reasonably expected to start a company right there and then. They can be expected to get a job, spend a few years getting experience and connections, move up a rung or two, then perhaps quit and go entrepreneurial. If that's out of the cards, they can likely study to move towards the point where getting a job in the target field is feasible.

Yes, there are people who are so downtrodden that they can't even take steps towards getting into a position where they can do better. And some people won't get all the rewards they deserve, in some moral sense. But the great majority of people can do something to improve their lot, even if it isn't exactly like what goes on in this blog post.

Even consider the author of the post - he didn't just start this business from college; his success here depended on the years of work he did before and the connections and experience he built from that.

[0] https://en.wikipedia.org/wiki/Locus_of_control

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