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How I Built a $5K a Month Side Project

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Re: How I Built a $5K a Month Side Project

#41
post #26

Earlier quoted context omitted.

I worked for a mom + pop Amazon seller (manufacture + ship from China to America, stick packaging on it, send it in to Fulfillment by Amazon, collect a check) He's probably worth $50m as one of the top 250 sellers. Probably ~20 SKUs. Tons of competitors trying to bring him down but his product has so many reviews that it is just a money printer. He was smart to be at the right place at the right time. He undercut the…

> He wanted to believe everything he did was perfect and he got his wealth purely from skill He did, his skill was to get on it at a right time in a right place. His skill was to keep working on it and believing in himself. Saying it was due to luck is just pure disrespect.

It's both - if he didn't have his skills, he wouldn't succeed either. But for him to deny that luck played any role is naive. We should work our hardest so we're ready to shine when the opportunity comes, but we need to remain humble because not everyone gets the same opportunities.

Re: How I Built a $5K a Month Side Project

#42

I created a successful side project back in 2014. It is still running and making 20 times more than I would get with a normal job. But i was lucky. Lucky to be born in a rich country. Lucky because I was given a computer at the age of 5. Lucky because I had unlimited education opportunities. Lucky because I had a friend who gave me access to something I needed for my business. And many other lucks. I will never deny…

Speaking of luck, this article was on front page sometime ago and had lot of good things about how to attract good luck.

The key to good luck is an open mind - [http://nautil.us/blog/-the-key-to-good-luck-is-an-open-mind]

So luck can be a factor, but may be that also could be a trait?

Re: How I Built a $5K a Month Side Project

#43
If you don't mind me asking, I'd like some help laying out what my next steps should be on one of my side projects. I had an idea for a side project, ran it by a hand full of friends and associates, expecting to have a bunch of holes poked into it (they have done that to me many times in the past). This time they all think I have something.

Problem is I work full time, as a Linux systems engineer (30 years of Unix experience), with a side passion for C programming, web technologies, and have built a hand full of web apps that are getting a lot of use at work (btw I'm not under any contract prohibiting side projects, and have cleared it with my management).

Next problem: The project itself is relatively simple, has client-side pieces that will be open source, and over all I prototyped it in about a weekend's worth of work, but need probably a month or so to get it more polished and robust. The upshot is that it can be easily replicated by anyone in a similar space. There are similar products that try to solve the same problem, but in a rather backwards and less secure method, but I'm really not sure why other vendors haven't thought of this project first.

Third problem: I'm relatively new at modern advanced web apps, so things like taking payments, handling customers, integrating to a customer's on-premise or cloud based authentication (O365, Active Directory, etc) is something I'm not too familiar with (for my projects I just used ldap bind for authentication against a local AD server).

So for my next step, should I put a prototype / demo site online, and let people create demo accounts that last for a couple weeks? Then if there is sufficient interest, set up something like a Stripe account? Start off with local user account authentication, then later on add the ability for customers to set up users authenticating against their own AD domain or O365 account?

Or would I be better off finding a business partner that has been through all this already?

Re: How I Built a $5K a Month Side Project

#44

I created a successful side project back in 2014. It is still running and making 20 times more than I would get with a normal job. But i was lucky. Lucky to be born in a rich country. Lucky because I was given a computer at the age of 5. Lucky because I had unlimited education opportunities. Lucky because I had a friend who gave me access to something I needed for my business. And many other lucks. I will never deny…

A lot of comments here about “luck” ignore the essential nature of it: its subjectivity. Objectively, there is no such thing as luck, but only circumstance. Circumstance can certainly be beyond our control. Luck, however, is our subjective interpretation of circumstance, and is very much within our power to control.

Are you lucky or unlucky? Are your circumstances lucky or unlucky? Your answer to that question doesn’t impact your circumstances — what happens to you — but it does significantly impact your mindset and behavior — what you make happen. A person who believes in bad luck is disempowering themselves. A person who believes in good luck does the opposite: priming themselves to see patterns of opportunity where the unlucky brain sees patterns of obstacles.

Do these beliefs change anything about the real opportunities or obstacles that come our way? Not one bit. But beliefs dramatically affect what we see and what we do.

Having said that, in my case I am special. I actually am objectively the luckiest person I’ve ever met.

Re: How I Built a $5K a Month Side Project

#45
post #28

Earlier quoted context omitted.

This is such a modern problem too. No matter what anyone feels about it having to farm crops to eat was definitely meaningful work a hundred years ago. Even if you were being exploited in a factory suicide was common but mostly from abuse and injury rather than the vacuousness of the job. Its wholly contemporary to invent bullshit jobs and imagine complexity to keep people at desks en masse, leaving them with such a…

Truth. My job is "important", but at the same time I don't think anyone's life would be measurably worse if I didn't do it (besides mine lol). IMO it is kind of a problem with software in general. It is getting me down honestly; I could use some advice.

Short term, find sources of fulfillment that are not your job.

Longer term, seek a similarly comfortable position that you find more meaningful.

Re: How I Built a $5K a Month Side Project

#46

I created a successful side project back in 2014. It is still running and making 20 times more than I would get with a normal job. But i was lucky. Lucky to be born in a rich country. Lucky because I was given a computer at the age of 5. Lucky because I had unlimited education opportunities. Lucky because I had a friend who gave me access to something I needed for my business. And many other lucks. I will never deny…

I worked for a mom + pop Amazon seller (manufacture + ship from China to America, stick packaging on it, send it in to Fulfillment by Amazon, collect a check) He's probably worth $50m as one of the top 250 sellers. Probably ~20 SKUs. Tons of competitors trying to bring him down but his product has so many reviews that it is just a money printer. He was smart to be at the right place at the right time. He undercut the…

What is this new trend of belittling accomplishments down to luck? At the very least, thousands of people had the same opportunity to do what your boss did. And that's if we take your word that this is all he did, and he didn't negotiate at all or spend any time researching what products to sell, or take a loss in the beginning to provide good customer service for future gain. Even seeing the opportunity is a skill itself, millions of people will happily stay at their current job rather than take a risk.

>But like... he couldn't do again if he had to start from scratch in 2019. Things are different.

This is a losing attitude, a quick search of almost any category on Amazon will show more recent products that are China rebrands with thousands of reviews.

Here is one: https://www.amazon.com/JavaPresse-Grinder-Conical-Brushed-St...

You can find exact copies on Aliexpress for $10.

You can't prove it's impossible to do what he did today. Others are actively doing it.

>I think that's a bad trait :(

Being proud of your accomplishments is not a bad trait. Thousands of people had the same opportunities as him, yet he came out on top (or top 250, in your example).

Re: How I Built a $5K a Month Side Project

#47

I created a successful side project back in 2014. It is still running and making 20 times more than I would get with a normal job. But i was lucky. Lucky to be born in a rich country. Lucky because I was given a computer at the age of 5. Lucky because I had unlimited education opportunities. Lucky because I had a friend who gave me access to something I needed for my business. And many other lucks. I will never deny…

I worked for a mom + pop Amazon seller (manufacture + ship from China to America, stick packaging on it, send it in to Fulfillment by Amazon, collect a check) He's probably worth $50m as one of the top 250 sellers. Probably ~20 SKUs. Tons of competitors trying to bring him down but his product has so many reviews that it is just a money printer. He was smart to be at the right place at the right time. He undercut the…

>But like... he couldn't do again if he had to start from scratch in 2019.

This misses the point by a country mile. The skill is knowing and predicting the when and where in addition to executing on the what.

Re: How I Built a $5K a Month Side Project

#48
post #43

If you don't mind me asking, I'd like some help laying out what my next steps should be on one of my side projects. I had an idea for a side project, ran it by a hand full of friends and associates, expecting to have a bunch of holes poked into it (they have done that to me many times in the past). This time they all think I have something. Problem is I work full time, as a Linux systems engineer (30 years of Unix ex…

> The upshot is that it can be easily replicated by anyone in a similar space

I think many problems are like this. We engineers to think that we have to build something "rocket science", but actually many businesses don't require "rocket science" software to take off. It's more about the execution.

>I'm relatively new at modern advanced web apps, so things like taking payments, handling customers, integrating to a customer's on-premise or cloud based authentication

These days, there are almost already SaaS for everything. A little googling here and there will find you what you need :) Also sites like indiehackers.com is really awesome. People share what indie projects they had built, there's also a comment section where people can ask.

>Or would I be better off finding a business partner that has been through all this already?

I think you should try to do this in parallel with trying to learn it yourself. Finding a good, competent, and suitable business partner isn't exactly the easiest thing to do.

Re: How I Built a $5K a Month Side Project

#49

Earlier quoted context omitted.

He said that as a salesperson himself, he outsourced this work to VAs. I assume he continued to do so for this side project.

Aha, so he is performing arbitrage. Charge customers a $1 for something he can buy for much less than a $1. I wonder if the recursion works, use the virtual assistants to bring in leads to also get his own customers.

To be fair, it sounds like he put in work up front vetting and training the VAs.

Re: How I Built a $5K a Month Side Project

#50

I created a successful side project back in 2014. It is still running and making 20 times more than I would get with a normal job. But i was lucky. Lucky to be born in a rich country. Lucky because I was given a computer at the age of 5. Lucky because I had unlimited education opportunities. Lucky because I had a friend who gave me access to something I needed for my business. And many other lucks. I will never deny…

A lot of comments here about “luck” ignore the essential nature of it: its subjectivity. Objectively, there is no such thing as luck, but only circumstance. Circumstance can certainly be beyond our control. Luck, however, is our subjective interpretation of circumstance, and is very much within our power to control. Are you lucky or unlucky? Are your circumstances lucky or unlucky? Your answer to that question doesn’…

My last sentence was (I hope) obvious as tongue-in-cheek: I try to cultivate a mindset that sees opportunity, and telling myself I am lucky is a good hack for that.

But I have a good example and anecdote here. I used to work at a startup that went from 60 million views a month to a few billion (Facebook videos). Some people would say, “you were just at the right place at the right time, when Facebook decided to promote video.” That’s true, for sure. However, the right way to describe it is, “I am a really lucky guy. If it hadn’t been Facebook promoting video, it would have been some other lucky break.”

Another anecdote: divorce. Whenever I encounter a thought that starts to resemble self-pity, I remember how lucky I am, and that for the next three days, instead of sulking to myself about not seeing my kids, I actually have something most parents never get: three days of distraction-free time to work on a product that I believe will change the world.

Perhaps I’m deluding myself? There’s no perhaps. I am most definitely deluding myself. But some delusions can help. Being lucky is definitely one of them, with perhaps one additional caveat: that being lucky doesn’t mean I win lottery tickets. It means if I never give up, and I work as insanely hard as possible, and have the humility to change as circumstances dictate, that my good luck ensures I can’t lose. Oddly enough, it is my belief in luck that encourages me to never stop looking for it to be realized. Pretty silly, but it works for me!

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