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Ask HN: Those making $500/month on side projects in 2022 – Show and tell

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451–460 of 627 posts

Re: Ask HN: Those making $500/month on side projects in 2022 – Show and tell

#451
post #447

I started a wholesale bakery. It does about 20k/mo in revenue (we are not profitable). It's been super fun and rewarding. It's much more like building a software / tech startup than I expected it to be.

Amazing. I am at the stage of thinking/dreaming about a weekend-bakery .. but I am completely lost when trying to work out the economics of this.

How did you tackle this at the beginning? What were your demand/cost projections when you started out?

Re: Ask HN: Those making $500/month on side projects in 2022 – Show and tell

#452

Monetizing the algotrading models I've built over the last 2+ years: https://grizzlybulls.com I've traded them with my own capital successfully since April, 2020, and I've averaged 75%+ annual returns with much lower volatility than the overall market. My starting capital was small (500k) so in addition to growing with my own capital, I'm now providing the signals (3 free, 4 premium). 105 total members, MRR is curren…

The performances of the models are almost unbelievable. I only saw something similar with alphahub.us in the past (but higher max. drawdowns) - what do you think of them?

I'm interested in running the Gold Plan, are there any resources on how to set up a fully automatic trading system with it? I'd love to connect.

Re: Ask HN: Those making $500/month on side projects in 2022 – Show and tell

#453
post #394

I got something better. Trade crypto derivatives after learning elliot wave. Turn 500 into 50,000 in 3 months. Quit day job. Do it full time now. High 6 figures 10 months later.

I'm building a crypto-trading bot right now. Care to share any details?

Re: Ask HN: Those making $500/month on side projects in 2022 – Show and tell

#454

I started making Power-Ups (add-ons/plugins) for Trello in July last year: https://www.tinypowerups.com It just hit $500/month on Monday and it seems to be increasing by $100 in MRR per week. I'm only charging $1 per user per month for unlimited access to all of my Power-Ups. I'm thinking about increasing this price to $2 or $3 next month (existing customers get to keep the $1 price tag). Some of the Power-Ups I offe…

Nice! :D

Re: Ask HN: Those making $500/month on side projects in 2022 – Show and tell

#455

Earlier quoted context omitted.

Just a heads up: my company blocks this site as malware

shop.invisible-computers.com? Any idea what could be causing this? I am at a loss.

Your site comes up clean on VirusTotal [0] and URLscan [1]. You should be able to request a recategorization from OpenDNS.

[0] https://www.virustotal.com/gui/url/c20f7917192a4f9ea1e1c74f4...

[1] https://urlscan.io/result/231cca00-86ee-4c57-b99e-0a76a4b269...

Re: Ask HN: Those making $500/month on side projects in 2022 – Show and tell

#456

Earlier quoted context omitted.

Looks really cool. The first two results I clicked on where registered a long time ago, though. https://www.namecheap.com/domains/registration/results/?doma... https://www.namecheap.com/domains/registration/results/?doma...

Thanks! Yeah, I did NOT expect HN's traffic. It's overloading the domain checking API and making it fail

which is the domain checking API you use? looking for a cheap but reliable domain checking api :)

Re: Ask HN: Those making $500/month on side projects in 2022 – Show and tell

#457

Monetizing the algotrading models I've built over the last 2+ years: https://grizzlybulls.com I've traded them with my own capital successfully since April, 2020, and I've averaged 75%+ annual returns with much lower volatility than the overall market. My starting capital was small (500k) so in addition to growing with my own capital, I'm now providing the signals (3 free, 4 premium). 105 total members, MRR is curren…

So, let's assume you started on April 1st with $500k. That was 1.8045 years ago. At a compounded 75% returns, you now have $1,936,655 and you expect to make $124,904 this month alone on invested capital. And yet you bother to broadcast your secrets and (waste your time by selling subscriptions for $1397/month. If you did this for 5 years, you'd have $82mm, and you want to risk getting that edge traded away for $1397 a month. Huh.

Smells fishy.

Re: Ask HN: Those making $500/month on side projects in 2022 – Show and tell

#458

Monetizing the algotrading models I've built over the last 2+ years: https://grizzlybulls.com I've traded them with my own capital successfully since April, 2020, and I've averaged 75%+ annual returns with much lower volatility than the overall market. My starting capital was small (500k) so in addition to growing with my own capital, I'm now providing the signals (3 free, 4 premium). 105 total members, MRR is curren…

The performances of the models are almost unbelievable. I only saw something similar with alphahub.us in the past (but higher max. drawdowns) - what do you think of them? I'm interested in running the Gold Plan, are there any resources on how to set up a fully automatic trading system with it? I'd love to connect.

Alphahub looks interesting, but their algorithms are quite different from mine. Theirs are picking individual stocks and sending out a signal at a regular frequency, every day, telling you what they think will be the best performing for that day.

By contrast, our models only send out signals on average of once per 2-4 weeks depending on the model. Our signals are always macro signals--they have an opinion only on where they see the overall market (S&P 500) heading next. The signals are irregular. During extremely calm times like in 2013 or 2017, there can be months without a signal. On the other hand, during highly volatile times like the COVID crash in 2020, there can be multiple signals per day, but there will never be more than 1 per hour.

Naturally, their drawdowns will be worse because individual stocks are inherently more risky than the index. As far as which will be the best absolute performer over the long term? I guess we'll have to wait and see :)

One last note about ours that could make a difference depending on your account type and country of residence. Since our models are macro models, if you live in the USA and implement them exactly by trading the S&P 500 Futures, you'll save money in taxes as all gains are taxed at 60% long term and 40% short term regardless of holding period. Alphahub gains will be taxed always at 100% short term rates unless held for more than a year which is unlikely with their systems.

I'm glad to hear you are interested in setting up your own automatic trading system! I'm in the process of writing some docs on exactly how it works, but in essence, we'll give you an access token for the API and then you can call it from your bot locally or in the cloud to get the live signals for all the models you have access to.

Re: Ask HN: Those making $500/month on side projects in 2022 – Show and tell

#459
post #447

I started a wholesale bakery. It does about 20k/mo in revenue (we are not profitable). It's been super fun and rewarding. It's much more like building a software / tech startup than I expected it to be.

How much did you invest?

Re: Ask HN: Those making $500/month on side projects in 2022 – Show and tell

#460
post #143

I've run http://olodolo.com (it mostly runs itself) since 2018, which lets people buy things on AliExpress using crypto. I often describe it as the only non-scam crypto website :) It's badly in need of fixes and updates, but I still do about $1500-2000 in sales and $300-400 in profit monthly.

What's the biggest cost? The disparity between the rev and net are pretty big
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