Tell HN: My Microstartups make $500/day while I'm sleeping • Hacker News Board

teaearlgraycold wrote: post #15

MattGaiser wrote: post #7

What was your process to monetize these? As to me they seem to be in very competitive verticals.

Also very curious about this. I went to his websites with the goal of finding out how I could give him money. It was incredibly difficult for Visa List - and all I got to was a buymeacoffee page that couldn't possibly be the only source of income. If OP is making money off of these from users then they could make way more by having an obvious CTA in the nav to give him money.

the visalist page has a popup asking users to either re-enable ads, or subscribe (which i presume might be paid? didn't look further).

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

#25

Post by 1hakr » Tue, Jan 04, 2022, 4:55 AM UTC

orionblastar wrote: post #4

Any hints on how others can do this? I am on disability but if I can earn more with Microstartups it would be better.

There are four things need to have a potential microstartup. #1 Problem that has business potential and big enough #2 Audience who has that burning problem #3 Distribution channel to get the solution into users hands #4 Business model aka pricing fit for the Problem-Audience

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

#26

Post by 1hakr » Tue, Jan 04, 2022, 4:55 AM UTC

kbrannigan wrote: post #2

This is very inspiring. I'm so happy to learn that this sort of business model exists. I always thought it was either fail or make $1M a month, no in between. Good job

thanks

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

#27

Post by 1hakr » Tue, Jan 04, 2022, 4:56 AM UTC

phreack wrote: post #22

How does Visa List make money? I'm not sure I can find its business model besides ads, though that might be it.

affiliate, subscription ands ads

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

#28

Post by 1hakr » Tue, Jan 04, 2022, 4:58 AM UTC

jsncbt wrote: post #17

1hakr wrote: post #10

Earlier quoted context omitted.

One thing which worked for me when i look back is, i spend less than 4 weeks to validate an idea, if it got traction, i worked on it more, if it didn't then i moved on. Validate and fail fast.

How would you mostly validate these ideas?

I would always try to do a quick launch, take no more than 4 weeks and launch it on PH, IH, Reddit, LinkedIn. The long term growth strategies are entirely different thing. But you will get basic validation. You are trying to fail fast.

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

#29

Post by 1hakr » Tue, Jan 04, 2022, 4:59 AM UTC

arrayjumper wrote: post #16

1hakr wrote: post #10

Earlier quoted context omitted.

One thing which worked for me when i look back is, i spend less than 4 weeks to validate an idea, if it got traction, i worked on it more, if it didn't then i moved on. Validate and fail fast.

How do you measure traction? And what should the measurements look like in 4 weeks for you to be able to say this might be worth spending time.

I set a goal on day 1 on what the microstartup should achieve once its launched. Traction is something you define for yourself and your product.

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

#30

Post by 1hakr » Tue, Jan 04, 2022, 5:01 AM UTC

beningrad wrote: post #9

MattGaiser wrote: post #7

What was your process to monetize these? As to me they seem to be in very competitive verticals.

Addendum to this question, if you don't mind: How do you choose what your next microstartup will be?

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.