Live data from Hacker News

Tell HN: My Microstartups make $500/day while I'm sleeping

news.ycombinator.com

141–150 of 180 posts

Re: Tell HN: My Microstartups make $500/day while I'm sleeping

#141

Earlier quoted context omitted.

I doubt the Indian government pays those sweet referral fees :) Edit: I wish the UN would provide a free honest alternative to this kind of scammy “visa information”site

Having a partner that works in a UN run institution as a researcher I have seen first hand how bureaucratic and starved for funds that entity truly is. Getting funds for paperclips is a massive battle.

How are they passing around TPS reports without paperclips ?

Re: Tell HN: My Microstartups make $500/day while I'm sleeping

#142
post #139

There has been a few posts recently on HN where people tell us about their success with side projects/small products that actually make them a decent living. It's inspiring to say the least. What's most attractive to me is the claim that the creators now spend little to no time on maintaining or fixing the products, and it just sits there and makes money. Is this actually a realistic representation? If I just think a…

I’ve made a living online from a bunch of different things, and there’s always something in the world that changes in a way that forces you to change your thing as well. Sometimes quickly, when an API changes, sometimes more slowly as you get more competition for example. And even if not, you’ll still always think about your project to figure out how to get the next 5% of extra revenue from it, and stress about wheth…

On the other hand, you usually get to decide when you work, so that long, almost uninterrupted vacations are always possible.

Re: Tell HN: My Microstartups make $500/day while I'm sleeping

#143
post #120

Related: "Tell HN: My Microstartups make $500/day while I'm sleeping" (this): https://news.ycombinator.com/item?id=29790964 "AMA: I make $100K+ ARR from my microstartups" (3 months ago): https://news.ycombinator.com/item?id=28561132 "Show HN: I passed up an opportunity to make $200K from my microstartup" (2020): https://twitter.com/1HaKr/status/1301142901510995969 "Show HN: My Indie Hacker goal - Earn $100 a day to k…

Looking at the OP's history over about the past year and a half, 100% of the submissions have been to his own sites and 100% of his comments are on those threads or in one case linking to one of those sites. Your comment isn't the first one on these threads to point out the pattern, either, so it's very likely the mods have seen his pattern of using HN exclusively as a marketing channel and are okay with it.

After all that is his business model :)

Re: Tell HN: My Microstartups make $500/day while I'm sleeping

#144

Thanks for sharing your knowledge. I have two questions: (1) What learning pathway would you recommend a total beginner in programming to follow in order to develop their own microstartups or side projects? (2) How do you come up with an idea for a given microstartup? Is it an organic process, or is it more about thinking actively of potential business plans? Do you have any advice regarding idea generation?

You might find this post from IndieHackers creator Courtland Allen helpful: https://www.indiehackers.com/post/how-to-brainstorm-great-bu...

Re: Tell HN: My Microstartups make $500/day while I'm sleeping

#146

There has been a few posts recently on HN where people tell us about their success with side projects/small products that actually make them a decent living. It's inspiring to say the least. What's most attractive to me is the claim that the creators now spend little to no time on maintaining or fixing the products, and it just sits there and makes money. Is this actually a realistic representation? If I just think a…

I made a fortune off two web sites that sat there and basically did their thing. I essentially did about an hour's work a week for 5 years and took home about $150,000 a year. The first was a mortgage web site. I bought a domain for $6000 that matched a top mortgage search term. The front page of the site scraped the latest mortgage rates, and the rest of the site was well-written mortgage advice written by me and Fi…

> private TV torrent tracker

Cool, I used to run a service where I break into peoples' homes, take everything I can carry and sell them on. With this business, I was able to make $35 million in 2014. Non-taxable income, obviously.

Re: Tell HN: My Microstartups make $500/day while I'm sleeping

#148

Do you have a process for ideating new microstartups? Or are your microstartups based on problems you experience in your day to day life?

You might find this post from IndieHackers creator Courtland Allen helpful: https://www.indiehackers.com/post/how-to-brainstorm-great-bu...

Re: Tell HN: My Microstartups make $500/day while I'm sleeping

#149
post #81

Earlier quoted context omitted.

Not OP, but validating ideas is (relatively) easy. First, you figure out who will use your product. Then, you get a few of those people to use or discuss your product. You only need a few people, and they can be close acquaintances. After showing the product to a few people you imagine to use your product, you come to a determination of whether or not they liked your product. This part is a little subtle. You don't a…

> validating ideas is (relatively) easy My experience has been totally different here. We found people to be biased toward being polite. So we found "being excited" was a bad signal for what to build. The best signals were when people offerred things that actually cost something e.g. reputation (by putting us in touch with important people), money or time (if they're people who valued their time highly). We still hav…

> but I could see that none of them opened it again after their initial test.

I think OP agrees w/ you and this is their key point -- you can ignore everything they say and just look at how, or whether, they use it. More generally, I think it helps to try very hard to get at the underlying problems people have, and try to make those problems go away. People will use very terrible software (interfaces) if it solves a real problem for them. I think your signals are good generalizations to be clear, I just think we (all of us) regularly gloss over problems by focusing on tech, design, or otherwise "cool" things. It can be really hard to figure out what problems people actually have, and also whether they are significant enough to change their behavior to solve them better.

Re: Tell HN: My Microstartups make $500/day while I'm sleeping

#150
post #59

Do you have a process for ideating new microstartups? Or are your microstartups based on problems you experience in your day to day life?

Yes there were a few. But I try to always keep the cost of failure small. This is how I try to be frugal. * I see a potential problem, see if I can solve it. See if it's already being solved, if not I pitch the idea to few people. If atleast 50% got excited. I pick this idea to build * I set a goal on day 1 on what the microstartup should achieve once its launched. * I try to take no more than 4 weeks to build it. *…

Indie hackers : IH? What's PH?
Post reply on HN