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Ask HN: Those making $500/month on side projects in 2021 – Show and tell

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341–350 of 866 posts

Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell

#341

I bought a coffee farm in Colombia. Annualized it makes around $800 / month and growing. Should double to $1600 / month next year as we’ve doubled our production. It’s barely profitable, but is profitable nonetheless. The more we plant the more profitable it will get, and we’ll be planting 10,000 more trees soon!

Please consider writing a bit more about this experience!

Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell

#343

I 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…

On what site/service do you do this? I always am nervous it'll get hacked or something and the loan disappears?

Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell

#345
My side business that I work on outside of business hours is my lifelong passion in filmmaking & photography, although I have done more livestream production as well.

My video/photo/livestream production company produces roughly $6 to $12k per month in revenue at a profit of 40 to 60% depending on the type of work and whether I shoot it myself.

Estimate that 60% of work that I quote are projects that I shoot myself. The other 40% I produce the jobs and have contractors work on them.

I've recently shot for a Fox Studios documentary that has spanned pre-COVID to next year, which is a real highlight for me. I also happened to shoot for the broadcast team at the first music festival in Australia since COVID hit.

Now for NYE, I'll be shooting the promo videos for a large music festival which is an awesome way to spend the holiday season, getting paid to party.

I really love my job and I'm grateful for all the opportunities that it brings me, whilst being able to sustain myself with a full time career in tech.

Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell

#346
post #317

My '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.

agreed, this is scummy. thrift and secondhand stores exist to serve a certain underprivileged segment of the population. not to facilitate arbitrage. but to each their own.

Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell

#347

Earlier quoted context omitted.

No hate. But just remember that when you think that something is a good BUY, the other side (the seller) think that it is a good SELL. Hence, before trading in the stock market (or in any other market which is a zero sum game, e.g. used cars, NFT), you must be sure that you have more information than the seller.

>Hence, before trading in the stock market (or in any other market which is a zero sum game, e.g. used cars, NFT) None of these are zero sum games. Especially stock market. Stock market is not a zero sum game at all. https://money.stackexchange.com/questions/72945/is-the-stock...

It is if you are trading.

Ofcourse, if you are not trading, or buy a company stock and hope to get dividends than there is no transaction and hence it is not zero sum. But if you are trading it is zero sum.

Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell

#348
post #113

I run an e-commerce store as a side-hustle: https://drinkyourdailywater.com/ We sell glass water jugs targeted at desk workers, to help remind you to drink enough water. I created it because I wasn't drinking enough water. Running paid ads has been very hit or miss, and I don't have a knack for the marketing. But word-of-mouth has been good for us and we get the odd corporate sale here or there.

Pigcat, if you ever need advice for marketing ideas, feel free to pm me. I have a 14 year marketing career under my belt spanning growth & inbound for B2B/B2C/D2C businesses.

I know exactly what it's be unable to come up with the ideas that stick in putting your product in front of a receptive audience of buyers. Especially in this day and age, where it can feel hard to find the confidence or angle for an organic non-spammy message.

Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell

#349
post #222

Earlier quoted context omitted.

How much are you staking to get that kind of return?

Don't want to share the exact amount but for stablecoins you can get 8-12% APR and that's as 'safe' as it gets without having to deal with price fluctuations. So if you were to convert $100k savings into stablecoins, you'd have a return of $230 per week (100000*12/100/52) For yield farming you are dealing with higher risk, but you can easily get 50%+ APY on liquidity pools, compare that with the 12% above and it's no…

impermanent loss will eat those returns though, unless it's stables

Re: Ask HN: Those making $500/month on side projects in 2021 – Show and tell

#350

My clone of OhLife called https://ahhlife.com has been making over $500 per month for years now. Daily journal, handled by replying to a prompt email. Marketing is all word of mouth and an occasional mention like this one on HN. Server costs are stable, no maintenance or new features needed, and only a few customer service requests per year.

I’m playing with a side project idea that requires sending scheduled emails like this. Would you be willing to briefly discuss what you use for scheduled emails? My plan so far is to just save email schedules into a DB table with a time stamp they’re due and have a cron job that frequently checks it, but I haven’t gotten a chance to test the scalability and performance of this.

you should do that until you actually need to scale
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