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

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

#721

Post by doovd »

roguas wrote: post #681
doovd wrote: post #590

Earlier quoted context omitted.

How do you answer the following inevitable questions? If you have good trade ideas/signals, then why do you not use them yourself? I assume you do not use them yourself because it' does not make sense to share your edge (if you have one). If you do not have an edge, how can you be offering "trade ideas"?

Same could be said about a concept of solo traders. If you are as successful as you claim why don't you run a fund? However, a lot of people do solo trading as its more of job/hobby where the only thing you risk is your capital. Plenty of people don't have stomach to deal with others lifetime savings? (or even potential of such person in your client pool) Its different. Not everything scales as nicely and dealing wit…

> Same could be said about a concept of solo traders. If you are as successful as you claim why don't you run a fund?

This doesn't make sense though, running a fund is not necessarily natural progression of being a successful trader. But if one says they have a real edge that the average retail trader can monetize, then why doesn't one just take advantage of it themselves as this is effectively the lowest size of scale.

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

#722

Post by doovd »

kasey_junk wrote: post #615
doovd wrote: post #590

Earlier quoted context omitted.

How do you answer the following inevitable questions? If you have good trade ideas/signals, then why do you not use them yourself? I assume you do not use them yourself because it' does not make sense to share your edge (if you have one). If you do not have an edge, how can you be offering "trade ideas"?

These are common questions people ask that haven’t actually been involved in generating trades professionally. But people who have don’t ask those questions because finding edge in the markets is actually pretty easy. Finding edge that is scalable is the hard part. For professional traders it doesn’t make much sense to engage in all the small edge trades because it won’t pay more than your opportunity cost if you did…

Well, sure - it could certainly be the case that it's easier to scale selling trade ideas than trading them on yourself - hell there's a whole industry around it (alphacapture). I am somewhat skeptical, especially as this is marketed towards retail who have fewer instruments to guage themselves if the product their getting actually offers trade ideas with positive expected value or not.

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

#723

Post by tpoacher »

marginalia_nu wrote: post #56
sillysaurusx wrote: post #24

My Patreon makes >$100/mo. Currently sitting at $100. https://patreon.com/shawwn I figure since people are posting things making many times the $500/mo threshold, I should post something making many times less. :) It's actually pretty cool to just wait a few months and come back to a stash of money. Bought a Quest 2 the other day and didn't give it much thought, partly because of little eggs like this. The effort to…

In that spirit, search.marginalia.nu makes me about $70/month. Hardware investment is about $4-5k, plus a few hundred hours of development time. It was never intended as a means of getting rich though, so I am very grateful for the support.

I just visited your website, and had fun in the "small internet" sense. Thanks :)

I was very surprised your pages had a .gmi extension but were actually normal html. Then I figured your "memex" engine probably automatically translates gemini content to html and doesn't bother changing the extension (which in retrospect is more of a feature than a bug). Very nice.

I noticed your search engine is not available on gemini. Any plans for that? The spirit of the search engine is a perfect fit for the gemini ecosystem!

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

#724

Post by roberto-digital »

DanHulton wrote: post #135

I made Nodewood ( https://nodewood.com/ ), a SaaS starter kit/boilerplate. An unlimited-app license is around $500, so a single sale a month puts me into this territory. It could probably be higher, if I were any better and/or more persistent about marketing, but right now I'm focusing on the last two releases I have scheduled on the roadmap before releasing "1.0" (easy scripting and an easy deploy system), then I'll…

I'm close to $500/m with KatLinks (https://katlinks.io/)

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

#725

Post by markvdb »

deanmoriarty wrote: post #671
barfingclouds wrote: post #664

Earlier quoted context omitted.

Maybe you have a case of “the grass is always greener.” 1 million dollars a year is a lot. Couldn’t you pretty easily save up and take 5 straight years off if you wanted? What’s to stop that from happening?

> What’s to stop that from happening? Fear. Specifically, fear that I would walk away from that kind of income forever and that I could become destitute in the future (I have a weird relationship with money, having grown up rather poor).

I have read your comments about income, spending patterns and dreams about a simple life in the Mediterranean.

You've played the money game smartly and won. You just don't seem to realise that yet. You've described fear of poverty instead.

Can I respectfully suggest you to consider seeing a good psychotherapist if that's not yet the case? A therapist can help you conquer your fear. Please do read my suggestion in the friendly way I wrote it!

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

#726

Post by dbancajas »

hayksaakian wrote: post #4

I run several amazon affiliate websites like https://www.hayksaakian.com Basically we find the top rated products and summarize why people might like them. It's nothing too fancy, and I got into it mostly to see if I could do it without investing more than 1 day a week into it and outsourcing the rest. I'm more focused on my main thing right now (marketing agency) so the side project's been pretty stagnant. It's real…

> o see if I could do it without investing more than 1 day a week

how do you get it ranked so it shows up in google search?

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

#727

Post by clxxx »

jonwinstanley wrote: post #711
clxxx wrote: post #698

It’s hard to call it a side project because it became my highest revenue stream now after a year of building it, but I started a youtube channel with a friend. However, given that I put in less than 6 hours a week on it (working less and taking a smaller cut of profits), it still feels like a side project. We started in January and are now at ~30k a month and growing steadily. Our revenue streams are split by ad reve…

Can you also commercialise the program you wrote to cut down the editing? Surely that’s a valuable product even if it’s for a niche type of video

I definitely could, but as of now all the parameters and algorithms are so specific to the content that we produce that it would take some time to generalize it. Something I'll work on in the future for sure.

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

#728

Post by tpoacher »

nitramm wrote: post #647

When I have realised how often I am searching for converting between timestamp and date I have created this website - https://timestamp.online/ . It's earning around $100/month. The most interesting thing is how valuable are people from US - overall profit depends almost entirely on clicks from US.

How does this actually generate income? It looks like a plain website to me, I don't see any ads or donation links?

(browsing on my mobile if it makes a difference)

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

#730

Post by dbancajas »

silexia wrote: post #425

I make $10,000 a month on a side business I started in July, less than six months ago. I partnered with the guy who helped me build a fence to start a landscaping company. He was making $23 / hour prior to working with me. I provide all the capital equipment (diesel truck, 14' dump trailer, Kubota tractor), and I do the marketing, recruiting, accounring, legal, management. He handles all bids and actual jobs. It curr…

> g to expand to other marketplaces (I have a lot of customer who are on Shopify, even if I don't offer a Shopify app) and build other APIs. Hopefully I'll have more time once my sons go to nursery / school.

> I use Stripe for direct sales on the website and RapidAPI (ex Mashape) as a m

How did you learn about "marketing, recruiting, accounting, legal, management" ? Do you have prior background? And what kind of market research did you do to find a hole in the market that you can fill?

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