Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

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

news.ycombinator.com

Post reply on HN
Print view View original

91–100 of 124 posts

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

#91

Post by 1hakr »

ehnto wrote: post #76
1hakr wrote: post #69

Earlier quoted context omitted.

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 Redd…

edit: I see you have already answered this, "12 failed validation" you wrote earlier. How many ideas have you dropped so far? This is similar to my process, except I have a habit of keeping applications on life support since it's pretty low effort to do.

Me too, I don't drop my microstartups, I automate 95% of my microstartups.

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

#93

Post by 1hakr »

daveguy wrote: post #73
1hakr wrote: post #8

Earlier quoted context omitted.

Thanks mate! I usually spend around 5-10 hours per week

Does that include social / professional networking / advertising / marketing / promoting / etc. Or just technical aspects? (Notice you said about 20% on existing businesses)

Yes that about sums it up

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

#94

Post by newusertoday »

Thanks for sharing, it is very inspiring and gives other indiehackers hope that they may be able to replicate the success.

Are you US based? how did you managed transition to bootstrapping at the initial stage? through savings? and how long did it took you to become profitable?

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

#95

Post by 1hakr »

newusertoday wrote: post #94

Thanks for sharing, it is very inspiring and gives other indiehackers hope that they may be able to replicate the success. Are you US based? how did you managed transition to bootstrapping at the initial stage? through savings? and how long did it took you to become profitable?

No I'm based in Sydney. I initially had some savings, and i was profitable in two months.

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

#96

Post by BenoitP »

Thanks a lot for sharing your journey!

How do you chose which project to tackle on, do you take account of their potential distribution?

Have you abandoned a lot of other projects?

Do you have a daily routine?

Do you have a todo list, a personal ticket system? How do you prioritize through tasks?

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

#98

Post by 1hakr »

BenoitP wrote: post #96

Thanks a lot for sharing your journey! How do you chose which project to tackle on, do you take account of their potential distribution? Have you abandoned a lot of other projects? Do you have a daily routine? Do you have a todo list, a personal ticket system? How do you prioritize through tasks?

I try to get a sense of market size and how much crowded the space is, sometimes it's too small or sometimes it's too crowded, so then I don't go ahead with that idea.

I have not abandoned a lot but dismissed a few of potential ideas.

No not really, I do work when I feel like or take a vacation when I want to.

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

#99

Post by anaxag0ras »

1hakr wrote: post #69
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 Redd…

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

Are those people within your friend/family circle or is it to potential users? If it's potential users, how do you find them and get to talk with them?

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

#100

Post by 1hakr »

anaxag0ras wrote: post #99
1hakr wrote: post #69

Earlier quoted context omitted.

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 Redd…

> I pitch the idea to few people. If atleast 50% got excited. I pick this idea to build. Are those people within your friend/family circle or is it to potential users? If it's potential users, how do you find them and get to talk with them?

It's mostly my friends and family
Post reply on HN