Not exactly at 500, but starting to slowly grow... Habit Zap - https://www.habitzap.com - basically a productivity app that's sort of like playlists of pomodoros.
Ask HN: Those making $500/month on side projects in 2021 – Show and tell
311–320 of 866 posts
Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell
#312I don't know if I can even call it a side-project any more. I stopped working professionally 3 years ago. Bought an e-commerce business that was making ~$2k/mo profit and ran it on the side while I had my DevOps job. That project has now turned into ~$30k/mo profit, and I've bought two more e-com businesses that average ~$10k/mo between the two - these are early and I expect them to scale up once I smooth out a few b…
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Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell
#313I don't know if I can even call it a side-project any more. I stopped working professionally 3 years ago. Bought an e-commerce business that was making ~$2k/mo profit and ran it on the side while I had my DevOps job. That project has now turned into ~$30k/mo profit, and I've bought two more e-com businesses that average ~$10k/mo between the two - these are early and I expect them to scale up once I smooth out a few b…
Have you used any broker for buying a business? How was your experience? If you care to recommend them please ping me.
I'm also interested in this.
Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell
#314I have two! An app for making wedding place cards that does about $1000/mo https://www.placecard.me/ A boilerplate for making SaaS apps with Python/Django that does $5k/month (highly variable) https://www.saaspegasus.com/ I also have a third that does around $150/mo. It's an app that adds analytics to GroupMe which is a WhatsApp alternative. https://chatstats.co/ I keep complete revenue and effort data here if you're…
how did you get users for Placecard and Chatstats?
Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell
#315I own 4 shares in the S&P 500. I developed trading strategies to sell my shares and buy them back at key points using Fibonacci retracements. Best business ever. And if I leave it it still makes money. I’m nowhere near $500/month but learning to trade simply has taken me years and I’m very proud of my smol accomplishment.
What is the reasoning behind why Fibonacci retracements should work? Did you backtest it?
Do you know of any studies or articles that shows why backtesting actually works or is useful? I have been reading up on automated and systematic trading, but I do not yet understand how backtesting gives one anything more than warm fuzzies.
For backtesting to work, wouldn't one need to re-run (i.e., playback and not simulate) all inputs from what the real data was (instrument pricing, the weather, social media sentiment, whatever) at a time resolution finer than what your algorithm operates on? If so, that's a massive amount of data that may even be impossible to get.
Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell
#316I stake and lend cryptocurrency (stablecoins and blue-chip coins) on lending protocols and exchanges, and am at around $500 a week. Not really a side-project per-se, but I do quite a bit of calculation on ROI, where to move what share of my funds to, and occasional yield-farming strategies so it does take a up a good bit of time The goal is to have that stable enough so that I can quit and focus on my actual side pro…
Care to mention who you're trusting your coins with for staking etc?
Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell
#317My 'side project' is pretty conventional, but it surprises people to learn how much I've earned from it with very little effort. At least once or twice a week, I use my lunch break to walk to the local thrift store. I look up items on eBay as I browse and buy anything that would net me $20+ (basically to cover my lunch). I stick to the 'hard goods' section (things like electronics, games, DVDs, home appliances, books…
As someone who used to have to buy everything secondhand, this makes me sad. I can't tell you how exciting it was to find something that you wanted but knew you couldn't afford going for a reasonable price at the thrift store. I feel like by buying up all of those quality items, you're depriving people in less fortunate situations from experiencing the same sort of happiness.
Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell
#318Earlier quoted context omitted.
If you don’t mind me asking, what are the e-commerce sites? Also, how does one get into such a business? Were you interested in this space beforehand or did you simply acquire a business that looked promising?
In my personal interactions with people in the e-commerce/drop shipping space, the odds of them telling you what they sell is extremely slim. The barrier to entry for anyone else is very low, so once someone has a winning product, they remain very tight lipped about what exactly it is.
not all e-commerce sites are dropshipping
Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell
#319I don't know if I can even call it a side-project any more. I stopped working professionally 3 years ago. Bought an e-commerce business that was making ~$2k/mo profit and ran it on the side while I had my DevOps job. That project has now turned into ~$30k/mo profit, and I've bought two more e-com businesses that average ~$10k/mo between the two - these are early and I expect them to scale up once I smooth out a few b…
Have you used any broker for buying a business? How was your experience? If you care to recommend them please ping me.
interested as well
Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell
#320I don't know if I can even call it a side-project any more. I stopped working professionally 3 years ago. Bought an e-commerce business that was making ~$2k/mo profit and ran it on the side while I had my DevOps job. That project has now turned into ~$30k/mo profit, and I've bought two more e-com businesses that average ~$10k/mo between the two - these are early and I expect them to scale up once I smooth out a few b…
At which point can you just hire someone to manage it and then retire? I know if I was making that much money via passive income I would never work another day in my life.
the days of consumer products on autopilot forever is over, requires constant work to continue marketing, website updates etc