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Developer Income Report #5 (Gave up a day job)

kreci.net

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Re: Developer Income Report #5 (Gave up a day job)

#21

Post by axod »

nhangen wrote: post #18
axod wrote: post #13

Nice to see some success with advertising revenue. It always seems like HN and several other places are heavily skewed towards charging end users directly. But that's only one option open (And IMHO, it's not quite as scalable and fun as advertising income). If you look at what business models 'power' the web, it's still majority earning their revenue through advertising. Well done :)

Not quite as scalable as premium? I'd argue that premium is far more scalable than free. Open? Maybe not, but scalable for sure. As for fun, money is money. I'll take it in any form.

The number of people who want to pay directly for something is far smaller than the number of people willing to view an advert. With advertising, you get more visitors, you get more revenue. And the number of visitors available is billions.

So with advertising, you can get 10x the traffic, and not need any more resources. It's truly scalable. With a 'paid for' offering, you're more likely to need to scale up customer support, handling charge backs payment issues refunds etc etc.

My comment about 'fun' was more about the overhead and pain required in managing premium payments. Cancelations, mess ups, people wanting refunds, credit card issues, etc. That's not fun (IMHO).

I've always found making money from advertising ridiculously easy compared to trying to charge people.

Re: Developer Income Report #5 (Gave up a day job)

#23

Post by ruslan »

Did you pay your taxes already ? I wonder what would be your after-tax income ? Again, $2.5k is still very low even for Eastern Europe.

From my own experience, I strongly recommend NOT to quit your day job. Try to run it at least for a year, then you will make a way better decision.

Re: Developer Income Report #5 (Gave up a day job)

#24

Post by T-zex »

ninifat wrote: post #19
kreci wrote: post #6

Earlier quoted context omitted.

Google policy do not accept developers from Poland (and some other countries) to post paid applications on Android Market. I am allowed to post only free apps...

Does that apply to most countries, or just Poland (and maybe few other countries)?

http://en.wikipedia.org/wiki/Android_Market#Priced_applicati...

Re: Developer Income Report #5 (Gave up a day job)

#25

Post by ido »

ruslan wrote: post #23

Did you pay your taxes already ? I wonder what would be your after-tax income ? Again, $2.5k is still very low even for Eastern Europe. From my own experience, I strongly recommend NOT to quit your day job. Try to run it at least for a year, then you will make a way better decision.

    Did you pay your taxes already ? I wonder what 
    would be your after-tax income ? Again, $2.5k 
    is still very low even for Eastern Europe.
I don't know which Eastern Europe you live in - but $2,500 per month (even if he ends up paying 50% taxes on it) is considerably higher than average income in Poland, the Czech Republic, Slovakia or Hungary.

And if we are talking about non-EU member like Ukraine, Russia, Belarus or Moldova $2,500/month puts you firmly into the ranks of the higher class (except maybe in Moscow).

Re: Developer Income Report #5 (Gave up a day job)

#26

Post by russell_h »

kayoone wrote: post #10
spot wrote: post #7

Earlier quoted context omitted.

why not just make a deal with someone in USA to post your Apps for you?

it seems to work out with advertising, as it is for more and more app developers because you just get so much more installs without a pricetag on it. Most devs dont have any marketing muscle, so free apps with advertising often is a good approach.

Do you do any marketing/promotion at all, or just stick your Apps up on the Market?

Re: Developer Income Report #5 (Gave up a day job)

#27

Post by krakensden »

axod wrote: post #13

Nice to see some success with advertising revenue. It always seems like HN and several other places are heavily skewed towards charging end users directly. But that's only one option open (And IMHO, it's not quite as scalable and fun as advertising income). If you look at what business models 'power' the web, it's still majority earning their revenue through advertising. Well done :)

It's probably worth noting that because he's in Poland, he doesn't have a choice.

Re: Developer Income Report #5 (Gave up a day job)

#28

Post by prs »

ruslan wrote: post #23

Did you pay your taxes already ? I wonder what would be your after-tax income ? Again, $2.5k is still very low even for Eastern Europe. From my own experience, I strongly recommend NOT to quit your day job. Try to run it at least for a year, then you will make a way better decision.

http://en.wikipedia.org/wiki/List_of_countries_by_per_capita... speaks a different language even if you factor in taxes.

I am always a fan of a safety net but in the case of kreci the upside of continuing his path surely beats dedicating his resources to a full-time day job.

Re: Developer Income Report #5 (Gave up a day job)

#29

Post by aquarin »

ruslan wrote: post #23

Did you pay your taxes already ? I wonder what would be your after-tax income ? Again, $2.5k is still very low even for Eastern Europe. From my own experience, I strongly recommend NOT to quit your day job. Try to run it at least for a year, then you will make a way better decision.

It is not low. My salary as expert in financial institution is waaay below this.

Re: Developer Income Report #5 (Gave up a day job)

#30

Post by kreci »

ruslan wrote: post #23

Did you pay your taxes already ? I wonder what would be your after-tax income ? Again, $2.5k is still very low even for Eastern Europe. From my own experience, I strongly recommend NOT to quit your day job. Try to run it at least for a year, then you will make a way better decision.

It is my total income. I need to pay taxes from it. But when I get full time job I need to pay similar taxes so it is still over 2x more that I would make on day job.
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