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Ask HN: Successful one-person online businesses?

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Re: Ask HN: Successful one-person online businesses?

#331
post #149
post #47

I have a consumer app with a subscription model. I'm a single developer with no employees. I work between 10-30 hours per week. Last year, my EBIT was close to 300,000€. This year, it's going to be around 370,000€ (and since I live in Germany, my income is in the top 0,5% or so). In the first year, my EBIT was merely 30,000€. It's been going up steadily since then and my product has been around quite a while. Please…

Curious what in app purchase plugin you use for Cordova. The one I'd been using has been abandoned.

Ionic enterprise has a bunch of plugins that are actively supported by real people.

Re: Ask HN: Successful one-person online businesses?

#332

It doesn't exactly qualify as a one-man business, but I'm running a few side projects bringing around $500/month: - https://batgrowth.com : A website monitoring the growth of The Brave browser / Basic Attention Token, in terms of publishers adoption (Fun fact: Wikipedia founder, Larry Sanger, tweeted about the site) - https://ethereum-cours.com : A CMC clone built mainly for fun, bringing some decent referral revenue…

Can you elaborate on how you ended up selling the 2 businesses? Was it via in-bounds or using a marketplace for similar kinds of businesses?

Sure!

- The first one was a trivia game made with javascript (Vue.js), it was a hit on Reddit around a month after launch and became the top post on a 900k subs subreddit, I was contacted soon after through reddit mail

- The other one was sold on flippa, so they took a large cut of the sale

Re: Ask HN: Successful one-person online businesses?

#333

Earlier quoted context omitted.

But if you get paid to do what you personally value, isn't that the ultimate win?

This might sound harsh, but if the best thing in life is IT administration for some company then you haven’t looked very far. But hey, who knows, maybe they work for a charity or something?

Yeah, the question is IT administration for what. I do a lot of stuff in my job that I don't enjoy for its own sake, but I enjoy it because I feel alignment with the purpose the organization is serving.

Re: Ask HN: Successful one-person online businesses?

#334
post #275

Earlier quoted context omitted.

Whats your take home (netto) after taxes for all of that? I'm an American living in Germany, wondering what the effective tax rate is for someone like you here. Danke sehr!

Good question. I have two kids, so there are some deductions. I don't know for last year yet, because the tax forms aren't yet submitted by my accountant (and last year it was a lot more than the year before). I calculate with about 59% take home pay. Give or take 2-3%.

Thanks for the response. Are you GmbH or selbständig for this? Wondering which is better for a situation like a one man job. I'm in a similar situation.

Re: Ask HN: Successful one-person online businesses?

#335
post #147

Earlier quoted context omitted.

If your job is less than 10% of your income, why keep it?

Good question, my career is very important to me. It gives me an identity. I just can’t sit at home all day. I’m gonna die with boredom.

I think it's great that you know what you want to do and like. The income from your website is probably very mentally freeing, because you could do a lot of different things with your life but you can choose not to.

Re: Ask HN: Successful one-person online businesses?

#337

I sell freemium software that blocks distractions on your computer so that you can focus on doing work. Unlike my competitors, it's a one-time payment business model. The idea for my product first came to me when a friend in university had trouble staying focused on writing papers. He was constantly playing World of Warcraft and needed a way to temporarily block himself from playing the game. So I quickly made a litt…

Awesome! What is the name of your app? I've love to check it out

Re: Ask HN: Successful one-person online businesses?

#338
I ran a business buying products wholesale and selling on Amazon. Did about 2 million in sales last year at around 20% margins.

We were then attacked by competition and shut down, leading us to sue in federal court. See Thimes Solutions Inc v Tp-link et al

https://www.courtlistener.com/docket/15690011/thimes-solutio...

Re: Ask HN: Successful one-person online businesses?

#339
I make websites for a niche market where I found that they often use freelancers and the bar was set pretty low for customer service and expectations. I've been doing this since mid 2016. Over the past 18 months I got so busy that I've started hiring people to do specific jobs. So I'm in this transition from one man band to 'real' agency. The majority of the money comes from providing ongoing service agreements after we finish the website. For 2019 I'll close around $800,000 which is about a 90% revenue growth over 2018. I'll draw a salary of $200,000. I've got some good prospects lined up for 2020 and believe I'll get up to $1.1m
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