481–490 of 866 posts
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When I backed this, It is the first book I ordered for my future kid. The day the campaign ended my wife told me she was pregnant! Very much looking forward to it. Great work!
That puts the term 'just in time delivery' on a completely different footing :) Congratulations!
Now, provenance may still be an issue...
My little hardware book, Computer Engineering for Babies launched on Kickstarter a few months ago and blew my mind by raising almost $250k. It’s a simple book with buttons and LEDs to demonstrate different logic gates. I just shipped out the first batch of books a week ago and now waiting for the next batch of books. It’s gotten pretty demanding pretty quickly but I’m really excited about it. I’m hoping I can soon em…
>I’m hoping I can soon employ my little sister to manage all the shipping. Be careful about this. It changes the dynamic you have, and can cause issues if you hire non-family in future. Same applies for close friends.
There are some cultures where family businesses, where most members of the family work and participate, are the norm. Quite a huge population of people operate that way.
I have two! An app for making wedding place cards that does about $1000/mo https://www.placecard.me/ A boilerplate for making SaaS apps with Python/Django that does $5k/month (highly variable) https://www.saaspegasus.com/ I also have a third that does around $150/mo. It's an app that adds analytics to GroupMe which is a WhatsApp alternative. https://chatstats.co/ I keep complete revenue and effort data here if you're…
What happens when it comes to taxes? Do you pay taxes if it's from side projects? Or it's done automatically e.g. Stripe?
You may want to use Paddle (which takes a bigger chunk of your profits) for that or some other marketplace: in that way Paddle is selling to end customers, taking a cut and then paying you in a business to business transaction.
You are also responsible for other types of taxes (assuming you are working via a limited liability corporation): sales taxes / VAT, corporate taxes, personal taxes, capital gain tax.
Some countries allow you to do some trading without setting up a company but as your earnings go up it will become either not very efficient from a tax perspective or not allowed by the law.
From my experience:
You need to pay VAT in European countries no matter where you're selling from (I use vatlayer.com for getting all the different VAT rates). You generally don't need to pay taxes in other countries until you reach a threshold of earnings / number of sales.
Quaderno.io is another service which track all these different factors for you.
Sales tax / VAT is displayed and charged to customers and you need to pay it to the relevant authorities every quarter.
Then you can pay yourself a salary (which is a cost) from the money you received in the company, based on your country's personal income rates. On what's left, on your company's profit you need to pay corporate tax rate, based on your country's corporate tax rates. On the remaining profits in the company you can generally chose to pay yourself dividends (on which you pay other taxes, based on your country's tax rates on dividends). If you sell your company, you'll have to pay capital tax gain taxes on the profit you made with the company (the delta between the company's capital and how much you sold it for).
TL;DR: you probably need an accountant.
I make a Safari ad blocker app for iOS and macOS - Magic Lasso Adblock - https://www.magiclasso.co/ It's free to use and download with an optional Pro subscription that includes additional features and makes > $500/month. Key things that have helped the revenue in 2021: - Released a major new version 3.0 which blocks all YouTube ads and has kicked along sales and improved the conversion rate considerably - Apple's sm…
I've been drawing pictures and publishing them as desktop wallpapers for ~20 years now, selling Vlad.studio accounts with unlimited access to downloads [0]. In 2021, I earned $4761, which means ~$400/month. It's not horribly little amount, especially for Russia (where I live), given it's a side project. However, I feel I need to do something more active, rather than just drawing new pictures. Promoting and marketing…
This might not be your cup of tea, but if you had facebook (even though I don't like them, this is how it's done) and twitter where you post one image every week or month, it might grow like it did for Alexander Jansson (https://illustratorcentrum.se/author/alexander_jansson/)
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>I’m hoping I can soon employ my little sister to manage all the shipping. Be careful about this. It changes the dynamic you have, and can cause issues if you hire non-family in future. Same applies for close friends.
It adds more complexity to relationships, but it can also keep families/friends closer because they have more shared goals. There are some cultures where family businesses, where most members of the family work and participate, are the norm. Quite a huge population of people operate that way.
In my experience, hiring my younger cousin for occasional work during school/uni breaks has been great, but involving close friends looking for work has been disastrous 3 out of 3 times.
I run a string of free sudoku sites that have earned around $1000/month from advertising and donations since 2005: https://fiendishsudoku.com https://samurai-sudoku.com https://sudokuprintables.org https://sudokuhints.com https://extremesudoku.info https://sudukopuzzles.org https://easysudoku.org
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You're the Match Group of free sudoku sites
sad, but I had to google what Match Group is :-(
Even just computer science it's impossible to know everything.
Relevant xkcd: https://xkcd.com/1053/
My 'side project' is pretty conventional, but it surprises people to learn how much I've earned from it with very little effort. At least once or twice a week, I use my lunch break to walk to the local thrift store. I look up items on eBay as I browse and buy anything that would net me $20+ (basically to cover my lunch). I stick to the 'hard goods' section (things like electronics, games, DVDs, home appliances, books…
As someone who used to have to buy everything secondhand, this makes me sad. I can't tell you how exciting it was to find something that you wanted but knew you couldn't afford going for a reasonable price at the thrift store. I feel like by buying up all of those quality items, you're depriving people in less fortunate situations from experiencing the same sort of happiness.
If it can be scalped, it will be. I'm not sure if the people who like to say "free market" would consider this a negative or a positive.
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That’s so exciting, congrats! How did you approach user acquisition? How did that change as you grew?
Initially, just posted in a bunch of subreddits on reddit to get engagement. But the retention was quite low. I still used that engagement to get a couple hundred followers on twitter. Afterwards, realized that twitter had the most solid trading community out of any other platform. So all I've been doing for the last one year is build a community on twitter now (and of ofcourse discord too since everyone's there thes…
You say you leveraged your experience with AI. How savvy were you in the trading/finance world when you started?