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I made a million dollar product from my dorm room (2025)

nick.winans.io

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Re: I made a million dollar product from my dorm room (2025)

#62
post #17

Earlier quoted context omitted.

> Seems profoundly niche to me. Am I missing something? As someone who dreams of someday starting a "lifestyle business", I love that it is profoundly niche. It gives me hope that I can go out and solve a problem that is important to me, but too niche for investors to bother with, and earn some money from it.

Yeah, it sounds like there just legitimately are 50K people who are in this niche. Maybe the fact that people might assume there are fewer is why there was a gap in the market for the author to fill!

Also, and this is the neat bit, 50k people actively looking for recommendations on online communities

Re: I made a million dollar product from my dorm room (2025)

#63
post #52

Congratulations and hat tip to you sir! You must have executed incredibly well. I have to admit I'm a little bit jealous of an environment so conductive to starting a small business. I can see many hurdles in this small EU country to something like this succeeding. The burdens of administration and regulation and the fractured market would make this tricky to pull off. The high taxation also makes one question the wi…

What hurdles would those be? I'm sure that as long as you do your administration properly, selling electronics from your proverbial bedroom isn't a major issue. This comments sounds more like generalised anti-EU sentiment than a reply to the article.

I'm very much pro EU, and I don't want to deviate from the OP's excellent original article too much, but here are few Belgium specific examples. Not too many of them hold for all EU member states, but those would still make for significant hurdles:

- You need to formally set up as a company. Where are you going to do so?

  - Not allowed from student housing.

  - If your parents rent their home, their rental contract usually forbids this.  It would cause the landlord significant taxation issues, so almost all rental contracts forbid this.
- Establishing the simplest allowable entity able to send invoices. Just establishing would cost ~115€, or ~134€. The article student author mentions $100 being a lot of money to them.

- Provincial tax. Most Belgian provinces have a yearly tax on the existence of any company, no matter how small or inactive. My native province's rate for example is 140€. That's ~$163 at today's rate.

- Local tax. Many local governments tax business activity separately.

- Social security.

  - Registration and exemption documents. No cost, but an added significant administrative burden to prove you are in the exempt bracket for your first ~2000€ earned.

  - Work too many hours or earn too much. Your parents risk losing your child benefits. Note that this is separate from dependent deductions. What if money is tight for them?
- Peppol electronic invoicing. If you buy or sell anything b2b, you're required to use the peppol electronic invoicing network. No self made pdf's allowed. Set up software. Pay for a subscription.

- Banking. Better get a separate bank account for your business, or you give fiscal authorities the right to start looking into your private accounts.

- Fiscal uncanny valley. Combine any regular tech job with a sole proprietorship side gig. You pay ~53.5% in income taxes and ~21% in social security contributions on the net side income, keeping about 1/3 of your net taxable income.

- VAT and administration. Have you seriously tried to sell across intra-EU borders as a student and stay compliant?

  - Hope you didn't use Amazon FBA or any 3PL partner in a different EU country.

  - I just imported a single camera module from China. It cost $49 including shipping. 21% EU import VAT and administrative handling by the national post monopoly combined cost me 35.17€, or $40.93 on top.

  - Forget about doing your first year accounts yourself. You'll make costly mistakes. The tax administration doesn't bark. It bites. Do you have the cash to outsource trimonthly VAT declarations and income tax accounting? Good luck finding someone competent under 1k€/~$1163.
- Earn over a relatively low token amount. If you're from a family with 3+ kids, your parents risk losing a 3k€+ net tax advantage. This can in some cases make for a significantly >100% taxation rate between parents and student children. What if your parents can't afford the tax increase?

- Student status. Drop below 27 ECTS points of course load and you're not a student entrepreneur anymore. You're suddenly a full-time entrepreneur, with the full load of responsibilities. Example: 3.6k€/year in social security contributions, even on zero or negative income. Where are you going to get the money?

- Physical product.

  - Belgium has some of the highest outgoing shipping rates across any courier or postal services. Good luck competing against similar initiatives, including from other EU member states.

  - Electronics specific. CE compliance is expensive. It also requires your product to have accompanying notes in the language of the EU country where you sell.

Re: I made a million dollar product from my dorm room (2025)

#64

neat product, but where's the FCC ID for an intentional radiator on it? your million dollar product can afford the legally required testing, right?

Not really, no.

The product launch was a group buy of minimum 400 units. You can choose one of "compete with China" or "expensive product testing requirements for small-run products".

Re: I made a million dollar product from my dorm room (2025)

#65
I switched to ZMK circa 2024, and never looked back at QMK. I am the proud owner of a Corne wireless from typeractive, and it's such a beautiful product. The nice!nano are also a welcome addition.

There is a growing community of enthusiasts starting to sell ZMK powered boards from traditionally QMK based designs, so if you're interested, Etsy is where all of this is happening. MochuKeeb is a good example.

Thanks a lot for your part in the journey to modern, wireless custom keyboards Nick!

Re: I made a million dollar product from my dorm room (2025)

#66
post #63

Earlier quoted context omitted.

What hurdles would those be? I'm sure that as long as you do your administration properly, selling electronics from your proverbial bedroom isn't a major issue. This comments sounds more like generalised anti-EU sentiment than a reply to the article.

I'm very much pro EU, and I don't want to deviate from the OP's excellent original article too much, but here are few Belgium specific examples. Not too many of them hold for all EU member states, but those would still make for significant hurdles: - You need to formally set up as a company. Where are you going to do so? - Not allowed from student housing. - If your parents rent their home, their rental contract usua…

Some of this just needn't apply, especially from a UK perspective; you can operate as a sole trader with very little paperwork until you make £85,000 and have to register for VAT. You don't need a company shell or a business bank account.

"Social security" equivalent: as a sole trader you do have to pay National Insurance above a minimum threshold.

(one of the massive differences between UK regulatory culture and the EU is that the UK is very good at having "de minimis" thresholds so you don't have to worry about compliance until you've actually made decent money. EU rules tend to apply as soon as you sell a single item, which is ridiculous)

> Electronics specific. CE compliance is expensive.

This on the other hand is a real problem. WEEE as well.

> shipping rates

It is insane that it is cheaper to ship from China than intra-EU.

Re: I made a million dollar product from my dorm room (2025)

#68
post #63

Earlier quoted context omitted.

What hurdles would those be? I'm sure that as long as you do your administration properly, selling electronics from your proverbial bedroom isn't a major issue. This comments sounds more like generalised anti-EU sentiment than a reply to the article.

I'm very much pro EU, and I don't want to deviate from the OP's excellent original article too much, but here are few Belgium specific examples. Not too many of them hold for all EU member states, but those would still make for significant hurdles: - You need to formally set up as a company. Where are you going to do so? - Not allowed from student housing. - If your parents rent their home, their rental contract usua…

Every country has hurdles. It's not like the US doesn't have weird worlds of tax exemptions, and 50 sets of state tax regulation to consider [or outsource to your fulfilment platform...] when shipping to consumers, and if I was a US business importing microelectronics from China, 21% import tax that doesn't change every couple of months would sound like a *dream...
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