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

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521–530 of 866 posts

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

#521

I 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…

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?

Unfortunately, he won't tell you, because like someone else said, the barrier to entry is so low, that their only real competitive advantage is other people not knowing about the opportunity.

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

#522
post #491

I run a micro ISP providing gigabit internet access to around 100 businesses that does around $4.5k a month. It started by accident when I got a connection for myself and then shared it with others. My landlord then expanded and invited me to offer it to more units so I made the platform self serve which means apart from initial install it's pretty hands off. Not enough to live on but good side income while I launch…

very cool! how much bandwidth do you need to supply a 100 "gigabit" businesses? and how do you get it?

Thanks! The fibre I use to supply them is a gigabit up and down leased line, so the connections I sell are contended. I could go to 10gb but my customers are small businesses so low utilisation in practice, people like having a gigabit capable connection but rarely need it! The average overall utilisation of my customers combined is around 150mbps.

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

#523
post #437

I made an Algolia alternative, https://anvere.net , launching soon. Currently earning $700 from an early adopting customer.

I'm interested in learning more about this, is there some way I can contact you? (Not sure if this type of message is allowed)

Yes sure. Send me and email to linh at anve.re

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

#524

Earlier quoted context omitted.

Jesus christ, what is your role and level of experience?

Tech lead on backend systems at a FAANG that has been experiencing significant stock growth. 11 years of experience, mid 30s.

Teach me your ways. Any major tips besides getting lucky?

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

#525

After reading all this, I admit I feel kind of silly for working so hard (50-60h a week on average) to earn my Silicon Valley FAANG comp. I am wondering how much survivorship bias is at play here, some ideas look relatively simple compared to the amount they bring in. Or maybe one really has to take the leap of faith and trust that there is demand for virtually anything? Maybe it’s not so simple, my partner opened a…

How is that silly monetarily? If extra work get's you even a 5% raise, that's $50k year pre-tax that will compound (with future pay bumps/stock grants). What is the equivalent amount of time to build a side project to that level? That said, if you spend extra time that does not translate into extra pay, it's essentially opportunity cost of a side income.

Silly because the two types of income are not fungible in my mind. With a job, I am a mercenary of my time and the income will dry up immediately if I decide to stop (let’s set aside the long tail effect of investing the savings). With a successful side project, it becomes a very passive income, like many people mentioned below.

Ultimately I guess I am genuinely jealous of people clawing back their own time, while I am working incredibly hard with life passing me by, that’s it.

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

#526

Earlier quoted context omitted.

Tech lead on backend systems at a FAANG that has been experiencing significant stock growth. 11 years of experience, mid 30s.

Teach me your ways. Any major tips besides getting lucky?

No tips, it’s truly all about luck. My job is not particularly difficult or anything, I mostly herd cats all day without producing much, as I am at the whims of massively over engineered systems that are almost impossible to comprehend.

The only thing I would say that can affect your luck is to always say yes to any opportunity that has a chance of taking you forward, even if it is incredibly uncomfortable. A couple random decisions I’ve taken in my life that affected my luck:

- Relocate at a young age to the US from Europe, leaving a promised incredibly cushy job (imagine well paid, for local standards, European tech job with 60 days off a year etc) for a crappy internship at a no-name American company, with no promises whatsoever. I relocated entirely by myself, leaving family, friends and (ex) partner behind. I am still separated from them.

- Took some risks in my career, joining early stage startups to build experience while most of my coworkers would call me crazy for taking a 50% paycut from the job where we were all “stagnating” maintaining old systems.

- Accept new work opportunities even if they mess up your life. They said: “Do you want a job for a 50% raise in NYC?”. I said: “Yes Sir, I’ll be there next Monday and throw my San Francisco life down the toilet, break my expensive rental lease and convince my girlfriend who lives with me that we will have a long distance relationship for a while”.

- Live a frugal and minimalist life like a college student, it’s easier to take bets in your life when you don’t have a mortgage/car/kids and your monthly expenses are under $3k in a very expensive city.

Most people I know would say a sound NO to all the above, and I’m not saying they would be wrong in doing so.

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

#527

Earlier quoted context omitted.

Why would anyone ever sign such a contract? I'm certain it would not be considered legal where I am from.

>Why would anyone ever sign such a contract? Because they want a job?

That is not justification enough.

And given this particular industry, there shouldn't be a need for anyone to give away that much to their employer. Simply walk away and find another position.

And before it is mentioned, ofcourse there are niche situations where that one and only position with this requirement is available and nothing else. But those are outliers and not worth mentioning.

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

#528

Earlier quoted context omitted.

How is that silly monetarily? If extra work get's you even a 5% raise, that's $50k year pre-tax that will compound (with future pay bumps/stock grants). What is the equivalent amount of time to build a side project to that level? That said, if you spend extra time that does not translate into extra pay, it's essentially opportunity cost of a side income.

Silly because the two types of income are not fungible in my mind. With a job, I am a mercenary of my time and the income will dry up immediately if I decide to stop (let’s set aside the long tail effect of investing the savings). With a successful side project, it becomes a very passive income, like many people mentioned below. Ultimately I guess I am genuinely jealous of people clawing back their own time, while I…

Dude, you're making a million / year. You could move right away to a cheaper area and do whatever you want. I'm pretty sure you do realize this, so...

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

#529
post #235

Friend and I have recently launched a side project where we give away high quality, royalty-free music. Early days but we’re making ~$800 per month from YouTube’s content ID payments alone. https://bluefoxmusic.com

You appear to be content Id claiming the add revenue of the people that use your music for "free". Calling that "royalty-free" and saying that the music is "free in exchange for a credit/attribution" feels a little misleading.

It is royalty free if they stump up the up front cost, but the idea that using this music will cause you to lose ad revenue on your YouTube videos should be front and centre.

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

#530

I run a string of free sudoku sites that have earned around $1000/month from advertising and donations since 2005: https://fiendishsudoku.com https://samurai-sudoku.com https://sudokuprintables.org https://sudokuhints.com https://extremesudoku.info https://sudukopuzzles.org https://easysudoku.org

Could you give an idea of how many users do you need to get to $1000 a month from ads please?

Ad rates are around $3 CPM meaning for 1000 page views you get $3 so do the math. Sudoku sites are unusual since one page view can last hour(s) as the user solves the puzzle.
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