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Ask HN: Those with money-making side projects,how did you come up with the idea?

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31–40 of 219 posts

Re: Ask HN: Those with money-making side projects,how did you come up with the idea?

#31
Problem oriented mindeset - I agree with other posts in this thread to get into the YC/problem solving mindset where you are on the lookout for problems. Mindset comes first and understanding how to think about problems will amplify any actions you take.

Build your network - The next thing is that you may have experienced a set of problems in your personal life or work but that set of problems may not be intersecting the set of problems you are suited to solve. It's worthwhile to get in touch with other people and ideally understand their business problems in particular. If you can identify and validate a business problem then you are almost there since you now have a short list of potential future customers or consulting clients, what have you.

Cultivate your solution space - You can start right away at identifying a niche of solution space you are a candidate to solve and try to keep getting better at that space so that you can be on the lookout for intersection between your capabilities and an interesting problem you validate.

Another important note is to be able to discern what is a promising problem and also not what YC calls "tarpit" problems. Tarpit problems are usually in the consumer space and are problems that everyone has like "I can't find a good restaurant" but in fact many projects have come and gone but it's hard to realize because the skeletons of have sunk into the tarpit.

EDIT: to answer original question.

For me personally it had to do with maintaining networks of people I had worked with in the past in order to get exposed to business problems that I wasn't aware of.

Re: Ask HN: Those with money-making side projects,how did you come up with the idea?

#32
I was looking for an embedded analytics solution for my website in Golang. I couldn't find one so I built one myself, which I later turned into a product. We've been called "copycats" many times, but we actually didn't look at the market :D Except for Google Analytics, which I didn't want to use because it would have required a cookie banner.

Sometimes it's just better to build something that already exists, but in a way that you would like to use it. We're currently at about $3500 MRR, maybe. It's a bit hard to tell because we have SaaS customers and customers receiving invoices.

I hope we can turn this into our full-time jobs soon.

You can read the full story here: https://pirsch.io/blog/introduction/

Re: Ask HN: Those with money-making side projects,how did you come up with the idea?

#33
During busy and stressful times it becomes clear what the bottlenecks are. So place yourself under incredible stress and see what things you are suddenly wishing for.

I’m not saying this is a sustainable model. But you don’t need to have ground breaking ideas more than a couple of times in your life. And people are already putting themselves under that kind of pressure, with nothing to show for it other than the week’s pay cheque.

Re: Ask HN: Those with money-making side projects,how did you come up with the idea?

#34
Started making simple games in college, later started making simple apps and games. Figured out ways to monetize them later. Most of the money comes from a small niche users for app / small number of regular players for games. So basically I build stuff for fun and later pivoted a bit to monetize them, like adding extra features or selling ad space.

Re: Ask HN: Those with money-making side projects,how did you come up with the idea?

#35

"A smart man learns from his own mistakes, a wise man learns from others." When I was about 25, I saw a 40 year old man get fired. I swore I'd never care if I got fired. Seems similar to your epiphany. The right niche or project idea is: 1. You know where to find the customers 2. You know the customers pay for similar projects 3. You can build what the customers pay for

So, can you share more about your side hustle and how did you get this idea from?

Re: Ask HN: Those with money-making side projects,how did you come up with the idea?

#36

I browsed the Envato / CodeCanyon popular products section looking for a product that enough people were buying and I felt confident about being able to build an improved version of. This was around 2015, I landed on a JavaScript image cropper and uploader. I built my own and have been working on it ever since.

and how have you been doing?

Re: Ask HN: Those with money-making side projects,how did you come up with the idea?

#37
https://changedetection.io - identified a niche where there was only closed source solutions that were _extremely_ expensive for what it is, and all other opensource products seemed very 'under-cooked' and talked more about the technology (language, web framework etc) they used rather than the problem they solved.

All other opensource solutions were also too hard to install and lacked features. Added many features that easily outpace the closed source competition

Made it easy to run/use/download/modify to get the numbers up then and sell subscription/hosted solution for those who dont have time. Also taking on many interesting custom solutions for people and companies that I've met through this project.

Re: Ask HN: Those with money-making side projects,how did you come up with the idea?

#39
post #37

https://changedetection.io - identified a niche where there was only closed source solutions that were _extremely_ expensive for what it is, and all other opensource products seemed very 'under-cooked' and talked more about the technology (language, web framework etc) they used rather than the problem they solved. All other opensource solutions were also too hard to install and lacked features. Added many features th…

Is there a typo in changedetectio.io?

Re: Ask HN: Those with money-making side projects,how did you come up with the idea?

#40
post #37

https://changedetection.io - identified a niche where there was only closed source solutions that were _extremely_ expensive for what it is, and all other opensource products seemed very 'under-cooked' and talked more about the technology (language, web framework etc) they used rather than the problem they solved. All other opensource solutions were also too hard to install and lacked features. Added many features th…

Is there a typo in changedetectio.io?

there was, but i fixed it :) should be fixed now? https://changedetection.io
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