AMA: I make $100K+ ARR from my microstartups • Hacker News Board

Re: AMA: I make $100K+ ARR from my microstartups

#61

Post by xcambar » Fri, Sep 17, 2021, 5:36 AM UTC

OP is testing their next microstartup on HN with this thread :D

Re: AMA: I make $100K+ ARR from my microstartups

#62

Post by 1hakr » Fri, Sep 17, 2021, 5:37 AM UTC

kopos wrote: post #22

Thanks 4 the AMA. How many projects did you launch before you arrived at these top 4? How do you arrive at an idea worth pursuing? Where do you start? How long do you spend before you chuck off a project not worth pursuing more?

I have launch around 7 or 8

I see a potential problem, see if I can solve it. See if it's already being solved, if not I pitch the idea to few people. If atleast 50% got excited. I pick this idea to build

I dont take more than a month to validate any idea

Re: AMA: I make $100K+ ARR from my microstartups

#63

Post by 1hakr » Fri, Sep 17, 2021, 5:39 AM UTC

leohonexus wrote: post #11

What's your playbook for identifying worthwhile ideas to start developing? Any ideas you thought had great potential but turned out mediocre / failed? And vice-versa?

I see a potential problem, see if I can solve it. See if it's already being solved, if not I pitch the idea to few people. If atleast 50% got excited. I pick this idea to build

Re: AMA: I make $100K+ ARR from my microstartups

#64

Post by itsmefaz » Fri, Sep 17, 2021, 5:39 AM UTC

One of the difficulties I am having is figuring out the idea - i) What is your idea generation process? ii) Building a startup of any kind is not as rosy as you put it? iii) Can you define what a micro startup is?

Do you have a fallback in case any of this fails, and where you working before you built your first startup?

Also, just from this brief interaction, I can see that you are more of a problem -> solution-oriented guy and don't care much about the tech stack. How can one eliminate this mindset? As engineers seem to be more invested in such things?

Re: AMA: I make $100K+ ARR from my microstartups

#65

Post by 1hakr » Fri, Sep 17, 2021, 5:40 AM UTC

batmaniam wrote: post #9

Cool, congrats on the success! With that amount of traffic and payments, do you encounter credit card fraud? How do you deal with it?

Yes, i have unfortunately, i have to pay from my pockets sometimes but stripe has been very good.

Re: AMA: I make $100K+ ARR from my microstartups

#66

Post by daveguy » Fri, Sep 17, 2021, 5:40 AM UTC

"took a while" to cross $100/day. How long before you crossed that line? And how much longer to $200/day. It sounds like the project after the pandemic crunch spurred you to 200, 300, 400 fairly quickly. Which one was that? Which was the first to 100/200?

Re: AMA: I make $100K+ ARR from my microstartups

#67

Post by 1hakr » Fri, Sep 17, 2021, 5:43 AM UTC

notabanker wrote: post #17

Appreciate your being candid about your revenues. Since you are quite transparent and forthcoming about your revenues, I urge you to take it a step further. It would be very helpful if you could share a screenshot from your payment processor to substantiate your revenue claim. Could you do that please?

I could do that but its not one single place i get revenue from like

- Google PlayStore - Apple Appstore - Google Adsense - Google Admob - Stripe - Affilate Revenue

Re: AMA: I make $100K+ ARR from my microstartups

#68

Post by tsujp » Fri, Sep 17, 2021, 5:43 AM UTC

What is the monetisation avenue for each of these? For example, I don't see pricing for visalist so I assume it's from ads, whereas simpleops is a paid-for service.

Re: AMA: I make $100K+ ARR from my microstartups

#69

Post by 1hakr » Fri, Sep 17, 2021, 5:45 AM UTC

itsmefaz wrote: post #64

One of the difficulties I am having is figuring out the idea - i) What is your idea generation process? ii) Building a startup of any kind is not as rosy as you put it? iii) Can you define what a micro startup is? Do you have a fallback in case any of this fails, and where you working before you built your first startup? Also, just from this brief interaction, I can see that you are more of a problem -> solution-orie…

This is how I try to figure out ideas

- I see a potential problem, see if I can solve it. See if it's already being solved, if not

- I pitch the idea to few people. If atleast 50% got excited. I pick this idea to build

- I set a goal on day 1 on what the microstartup should achieve once its launched. I try to take no more than 4 weeks to build it.

- I do a public launch in IH, PH, Twitter, LinkedIn, Facebook and Reddit. In few weeks if I reach the goal that I set at the beginning, then I continue working on it to improve. If not then I will drop it and move on the next.

Re: AMA: I make $100K+ ARR from my microstartups

#70

Post by 1hakr » Fri, Sep 17, 2021, 5:47 AM UTC

tsujp wrote: post #68

What is the monetisation avenue for each of these? For example, I don't see pricing for visalist so I assume it's from ads, whereas simpleops is a paid-for service.

- Visa List: Ads, Affilate revenue, subscriptions

- AnExplorer: Paid purchase, In App purchases, Ad

- ACrypto: Subscriptions

- Simple Ops: Subscriptions