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I've launched 37 products in 5 years and not doing that again

indiehackers.com

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Re: I've launched 37 products in 5 years and not doing that again

#131

Post by misiek08 »

GianFabien wrote: post #95

Ok, guesstimating that the 6 figure sale was around 3x earnings, the total of all the revenue is less than $450k for 5 years. Then you need to allow for expenses and taxes. Might be Ok as a side hustle, but probably insufficient to replace a typical income. A reality check to counteract all the startup boosterism.

$33k per year, so $165k for 5 years is good enough salary e.g. in Poland where I live, not achieved by 80% of people in country. Why I chose $33k? It's enough to have decent life with some good holidays and local trips along the years. Having $450k income, even if half will be taken by expenses - you still can live a very decent life in many places around the world.

Re: I've launched 37 products in 5 years and not doing that again

#132

Post by kelvinjps10 »

weitendorf wrote: post #63
spacemadness wrote: post #57

Earlier quoted context omitted.

Kind of like all the investment and finance influencers. If they’re so good at it why do they need to spend all that time trying to be an influencer? They should be rich already. They even beg for likes and subscribes so they’re obviously not doing it as a hobby. It’s simply because they’re trying to get rich selling advice to gullible people.

Personally I find indiehackers unique amongst get rich quick schemes because it's very transparently a community of people trying to get rich quick by building small apps for other people trying to get rich quick building small apps. It's not necessarily that the influencers are deceiving anybody (I think some do), they really do build apps like that too, some of which are genuinely successful. They're not selling ad…

The current templates business most of them have feels like the buy my course for 3k

Re: I've launched 37 products in 5 years and not doing that again

#133

Post by baxtr »

andai wrote: post #49
weitendorf wrote: post #46

Earlier quoted context omitted.

I didn't understand the indiehacker community/product mindset until I discovered the indiehacker "influencers" / lifestyle vloggers / etc. that might be the only ones actually turning a profit on all of this. The influencers sell a lifestyle of throwing a million darts at the board with simple apps and building tiny businesses off the handful that get a lot of interest or seem to resonate with users. And the apps the…

That's hilarious. The post reminded me of Marc Lou, who's launched like 30 SaaS, and from what I gathered by far his most profitable one is the one that helps you launch your own SaaS...

“During a gold rush, sell shovels”

Re: I've launched 37 products in 5 years and not doing that again

#134

Post by latexr »

andai wrote: post #49
weitendorf wrote: post #46

Earlier quoted context omitted.

I didn't understand the indiehacker community/product mindset until I discovered the indiehacker "influencers" / lifestyle vloggers / etc. that might be the only ones actually turning a profit on all of this. The influencers sell a lifestyle of throwing a million darts at the board with simple apps and building tiny businesses off the handful that get a lot of interest or seem to resonate with users. And the apps the…

That's hilarious. The post reminded me of Marc Lou, who's launched like 30 SaaS, and from what I gathered by far his most profitable one is the one that helps you launch your own SaaS...

How do you make money online? By making “how to make money online” courses.

https://www.youtube.com/watch?v=CWMAOzH20mY

Re: I've launched 37 products in 5 years and not doing that again

#135

Post by nunodonato »

forgotmypw17 wrote: post #8

>Did you find success by focusing on one project and giving it time, or by making lots of new bets? Mostly focusing on one project at a time on most days, but running several projects in parallel, and cross-pollinating the knowledge I gain from one to the others. >Has "slow growth" ever paid off for you? My arguably most successful project (in terms of impact and popularity) went “almost nowhere” for the first 2-3 ye…

Slow and consistent. I truly believe this is the key to growth. Unfortunately, I also suck at it. If I don't see interesting growth after a few weeks ,I'm inclined to give up too quickly.

Re: I've launched 37 products in 5 years and not doing that again

#136

Post by amelius »

baxtr wrote: post #133
andai wrote: post #49

Earlier quoted context omitted.

That's hilarious. The post reminded me of Marc Lou, who's launched like 30 SaaS, and from what I gathered by far his most profitable one is the one that helps you launch your own SaaS...

“During a gold rush, sell shovels”

Modern take: during a gold rush, review the shovels.

Re: I've launched 37 products in 5 years and not doing that again

#137

Post by nunodonato »

oulu2006 wrote: post #93

3 products 1st one didn't sell 2nd one sold for 000s 3rd one sold for 000000s 4th one ? so really went the other way, quality over quantity

what do you think was the cause for that kind of increase? quality? different target? complexity?

Re: I've launched 37 products in 5 years and not doing that again

#138

Post by alt227 »

mgax wrote: post #130

Wait, are these considered products? I think the whole indie hacker scene has totally lost it. A product takes time. ”Painkillerideas.com” doesn’t sounds like a product - and this was his biggest win

If you look directly under that you will see that replyguy was his biggest win at a 6 figure sale.

Re: I've launched 37 products in 5 years and not doing that again

#139

Post by wingerlang »

weitendorf wrote: post #46
nzach wrote: post #19

I just want to share my recent personal experience. Recently I've finally decided to try creating something new that people would find useful hoping that some day I would be able to turn a profit from that. So I vibe coded a pretty bare-bones (but fully functional) version of my idea and started to talk about it in several platforms, including IndieHackers. And the main "advice" I've got after talking with a few peop…

I didn't understand the indiehacker community/product mindset until I discovered the indiehacker "influencers" / lifestyle vloggers / etc. that might be the only ones actually turning a profit on all of this. The influencers sell a lifestyle of throwing a million darts at the board with simple apps and building tiny businesses off the handful that get a lot of interest or seem to resonate with users. And the apps the…

> might be the only ones actually turning a profit on all of this

I don't think this is true at all. How many such influencers are there, really, a dozen? I'd guess there are a million people making everything from absolute bank, down to pocket money. Most of them are probably not even aware that these influencers exists.

Re: I've launched 37 products in 5 years and not doing that again

#140

Post by bluecalm »

spacemadness wrote: post #57
weitendorf wrote: post #46

Earlier quoted context omitted.

I didn't understand the indiehacker community/product mindset until I discovered the indiehacker "influencers" / lifestyle vloggers / etc. that might be the only ones actually turning a profit on all of this. The influencers sell a lifestyle of throwing a million darts at the board with simple apps and building tiny businesses off the handful that get a lot of interest or seem to resonate with users. And the apps the…

Kind of like all the investment and finance influencers. If they’re so good at it why do they need to spend all that time trying to be an influencer? They should be rich already. They even beg for likes and subscribes so they’re obviously not doing it as a hobby. It’s simply because they’re trying to get rich selling advice to gullible people.

There is a similar "community" of real estate investors. I've met one of them through a friend and asked a lot of questions about his business. He was "pivoting" to seminars and courses as well. I asked him why and he said he can "easily scale" with seminars/courses while investing, even pure flips takes time and you can only do so many with a limited budget, maybe one/two transactions a year.

I am very skeptical as well and I think there is a lot of truth to "those who can do, those who can't teach" adage. It's one thing if you are in "who can't" group because you are older/retired/done with it after many years. It's another if it's a guy in his 20's or 30's selling courses. Those in my experience are almost always just snake oil salesmen.

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