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Who is living off their startup fulltime?

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101–110 of 190 posts

Re: Who is living off their startup fulltime?

#101

I created/run a couple web apps ( http://w3counter.com http://w3roi.com and a few more). Everything is profitable and I've lived off it for the past 6 years. All bootstrapped, no outside funding.

Dan, I really admire your products and your business sense. Your post on "Step by step to launching a new product" is spot on. Keep up the good work!

Re: Who is living off their startup fulltime?

#102
post #90
post #72

Earlier quoted context omitted.

If having a niche is your main competitive advantage, I'm not sure success will last long anyway.

That's not necessarily the case. There are many niches that aren't obviously profitable. From the outside, it seems like they'd be a waste of time until someone discovers a way to make money with them.

also, certain niches may have limited time windows where it's relatively easier to make profits and/or there are no competitors active in it or only a few. after this window, profits are driven down to commodity levels and/or a large number of strong competitors enter the same space and bite off some percentage or all of the market that was previously yours

Re: Who is living off their startup fulltime?

#103

I am living off http://www.AwesomenessReminders.com and http://www.CustomerFind.com . For AwesomenessReminders, you can use the referral code HACKERNEWS to save money.

Would you like to buy SuckinessReminders.com from me for a very reasonable price? ;)

Re: Who is living off their startup fulltime?

#104
post #97
post #4

Earlier quoted context omitted.

It's awesome when anyone can make a living doing what they choose. But for practical purposes, I think most people think of "living off their start-up" as making money from things other than an individual doing contracts/hourly work; in other words, a product or service that can scale in some sense. If you were making money by paying others to do the work, that would be a different story!

I actually agree, and i'm taking steps to make that happen and move from a freelancer to a sustainable boutique iOS development shop. That's more startup-y, right? :)

Only if you're building your own products that you can sell in a scalable way - not just becoming a larger consulting shop. That's not to say it isn't a good idea -- just that building a business is a little different in most people's mind than a "startup".

Re: Who is living off their startup fulltime?

#105

S3stat ( http://www.s3stat.com ) brings in enough to live on, and funded me while I was traveling last year and bootstrapping the next thing. It also has the advantage of pretty much running itself on autopilot, so I can sometimes go entire months without opening the IDE or doing anything beyond responding to the odd customer email. I'd highly recommend building something like that (a low-maintenance income generatin…

"Copyright 2011"? Are you a time-traveler?

Re: Who is living off their startup fulltime?

#106
post #97

Earlier quoted context omitted.

I actually agree, and i'm taking steps to make that happen and move from a freelancer to a sustainable boutique iOS development shop. That's more startup-y, right? :)

Only if you're building your own products that you can sell in a scalable way - not just becoming a larger consulting shop. That's not to say it isn't a good idea -- just that building a business is a little different in most people's mind than a "startup".

Really, the goal is both. Consulting is a much more reliable way to generate income in the iOS market, but the app store is steadier if you can get a good performer out there. I'm trying to use consulting (and grow the business that way in the short term) until I can get a serious product in the app store that can support the business.

Re: Who is living off their startup fulltime?

#107
I haven't really been living off of my apps, but since I've been unemployed for the past 6 months with no other streams of income, I'll count them.

http://www.facebook.com/amznwishlist was pretty profitable up until about mid-October when Amazon decided to disable some of its Product Advertising API calls for getting Wish List data. If the app still worked and ran through the holidays, it probably would've paid for rent (and then some).

http://www.fatearthmedia.com/ - My browser extension for shopping sites is also profitable. If the Mozilla add-on policy was less strict about affiliates earnings, then it'd probably be paying for rent as well.

Re: Who is living off their startup fulltime?

#108
post #64

http://usabilityhub.com (including http://fivesecondtest.com ) was originally a free app. We introduced subscriptions in August. It's now getting close to being able to support two of us full-time. At the moment, we're both still doing consultant work to fill the gaps. I would certainly think in the next 6-12 months it'll be covering both of us. We're entirely self-funded from 3 years of contracting/consulting. If I…

Toast,I am pretty decent at graphic/web design, but have trouble finding consulting work in order to make this work. Mind if I ask where do you look? Craigslist seems saturated, and elance seems too much of a hassle with outsourcing companies and others with years reputation on the site.

Re: Who is living off their startup fulltime?

#109
post #72

Earlier quoted context omitted.

yes please share that info with 1000's of would-be competitors with the right skill sets and entrepreneurial drive ;)

If having a niche is your main competitive advantage, I'm not sure success will last long anyway.

Part of the reason many niche markets exist is due to a need for domain knowledge, be it about the product itself, or the particular community you are servicing. I would argue that most niche players have either or both of these attributes, which allows them to hold their ground against would-be competitors.

If domain knowledge is the main barrier to entry, the competitive advantage is not the fact that it's a niche, but the fact that you know something that your competitors don't about that niche.

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