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Ask HN: What is the best income stream you have created till date?

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71–80 of 448 posts

Re: Ask HN: What is the best income stream you have created till date?

#71
post #67

Earlier quoted context omitted.

I’m curious, why did every payment processor drop you? Did they see “mushroom” and assume you were selling psilocybin mushrooms or something?

They make £60k pcm in cash, bank transfer, and crypto from it - they must be?

No. Absolutely not.

Re: Ask HN: What is the best income stream you have created till date?

#72
post #54

I developed a Shopify app that solves a niche problem. It has grown slowly over 4 years. Current income at 80k/year with relatively low maintenance. I have a full time job as a software engineer on the side.

I've recently been considering building a Shopify app(product renting) but I can't figure out if there is a demand. A similar app has <10 reviews. Do you have any advice?

Re: Ask HN: What is the best income stream you have created till date?

#73
post #61

Starting https://pdf2qrcode.com It does not bring in a whole lot, but I like having a side hustle.

That site's awesome. Simple focused product. It's clear what it does. It's clear what it costs.

only thing i'd suggest is that you add more examples of what where people can put those QR codes. I think most folks in the US don't "get" QR codes, or how they could benefit from them. Also it'd be good google food.

probably a description of how easy it is to scan them on iOS and android. I think a bunch of folks still don't know it's built into the phone apps.

Re: Ask HN: What is the best income stream you have created till date?

#74

this is like asking a fisherman where his best fishing spots are

not really... because you WANT people to hear about your income streams, because that's how you get more income from them.

there are a bajillion worthwhile business ideas... they're a dime a dozen (and that's paying too much). The problem is IMPLEMENTING them, which essentially no-one ever bothers too.

way more folks who hear you idea will say "shit, i wanna use that" than "i'm going to spend a year of my life making an app to compete with that, and then another year marketing it and...."

Re: Ask HN: What is the best income stream you have created till date?

#76
My favorite so far was a company I founded about 20 years ago with a friend who worked in the film sound industry. He had an idea for a hyper-niche tool for automatically syncing changes from video to sound (industry term is "conforming"). He'd approached a couple people/companies he knew that made tools in adjacent spaces but got turned down with "that's impossible" or "it's not worth it". I had no experience in the space but I got intrigued just from a "can it be done" perspective and coded it up. Once written it required very little maintenance, it was just available on our website for download and we used a shareware service to deal with licensing and sales. Only marketing was word of mouth. Every time someone bought a copy the shareware service would send a text, so I set the text alert sound for their number to be the cash register sound. It was a small addressable market so didn't sell all that often but it was always a little dopamine boost to hear the "ka-ching" come out of my phone. Most sales only netted me a couple hundred bucks, but every once in a while a big player (like a movie studio) would pick up a bunch of copies at once. Eventually sold it off to a competitor and collected a small royalty stream for another few years.

Re: Ask HN: What is the best income stream you have created till date?

#77
My current job that I started in August of this year.

It is a huge health care org

Happy with the pay

Benefits are top notch: insurance is less than half of what I was paying at previous job.

Traditional pension plan (no monetary input from me) along with retirement health insurance (huge, huge for me since I have chronic health issues)

401K option + matching

tuition reimbursement (I am stoked about this but not sure of when I will take advantage of it)

Lots of free resources (OReilly books, Udemy and Pluralsight)

Re: Ask HN: What is the best income stream you have created till date?

#78
post #70

Earlier quoted context omitted.

I’m curious, why did every payment processor drop you? Did they see “mushroom” and assume you were selling psilocybin mushrooms or something?

Maybe. When Shopify blocked us, the representative kept insinuating that the microscopy spore syringes we sell could be injected into the arm. This was in 2019. It’s absolutely absurd but that was what we were up against. It’s a high risk industry, no doubt there have been plenty of scammers out there but the fact we sell magic mushroom spores for the microscope is enough to be alienated by every card processor and t…

For "microscopy". Sure, sure. Wink, wink, nudge, nudge, say no more.

Re: Ask HN: What is the best income stream you have created till date?

#80
post #62

Earlier quoted context omitted.

Same! Except my wife quit her money-making job to take care of our kids full-time. I go to work, come home, and spend time with my family. Every Friday my employer deposits about $1,500 in my account, which represents an income stream of about $6,800/mo, not to mention paying for my health insurance and putting about $100 in my 401k. All I have to do is show up for about 40 hours Monday through Friday. For a side hus…

You need to put more in to your 401k

You're probably right, on looking up the details it's actually $120 per weekly paycheck, matched by my employer, so it's not so bad as the estimated $100, especially if you assumed that was monthly, but that's still not on-track for my retirement target. I also haven't poured much into the Roth since my eldest was born. But kids are expensive...

(Also, I see I also need to use more of that ~4 weeks of vacation I've saved...)

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