81–90 of 156 posts
It's been a lot of fun and I enjoy focusing on something which is less about computers and more about working with my hands.
Earlier quoted context omitted.
Ideas are not worth much. Only execution matters.
That's the problem, though, isn't it? Someone could see a $500/pm idea in this thread, being developed by a solo dev, and think: "that's a good idea". They put a team of seasoned devs on it and created their own $500k/pm version.
Earlier quoted context omitted.
If you can hack it together in a week then there are probably already a bunch of competitors. As has routinely been pointed out, many of the most popular apps can be readily copied in a fairly short time. The app is the easiest part.
Great niche markets are valuable secrets. I bought a house in Silicon Valley with money that I make with a side project. It has no competitors because people don’t know how easy it is to make money in this space. Someone with a tech background looking for project ideas would never find it. I’d never say what it is because then my shitty app would immediately be fighting for market share against competitors. Someone m…
Sound Shelter is a vinyl marketplace that connects records buyers with small independent record stores.
Revenue comes from a mixture of affiliate sales and subscriptions from records stores listing their inventory.
Building a two-sided marketplace is a lot more challenging than I had expected but definitely rewarding when the users find the rare record they probably wouldn't have ever found.
Built WooRender to allow easy access to GPU compute. Basically leasing my deep learning server with 10x 1080ti cards for $100/day. https://woorender.com
Pretty cool! How about turning this into a service where other people can lease their own GPU hardware? Either through your website or by offering it as a sort of turnkey solution.
I was trading options for a while and a lot of people kept asking me how I did it, just never had the time to describe everything. Finally decided to setup a website, www.marketgodfathers.com and a Discord channel. Automated reading my entries and exists from my brokerage and posting to discord allowing everyone to enter and exit the trades when I do. Now I just wait for people to sign up and I pay someone to chat wi…
Interesting! Given the uncertainty in options markets and a rather tough job of following trades of others ... are you able to keep users going? Also, your pricing seems quite steep ... just curious how many active users you have and revenue / month? (a single user on your monthly package gets you too $500! :))
The subscriptions are growing, also I think I will raise it to $1,500 soon as I don't want too many clients ;) I've noticed the people who pay the $500 right away are happy, the ones asking for a discount drain too much time and cause this to be a real business. It's only $250 the first month, then $500 after that. Many people do the $250, then cancel, but really, the people who cancel are the ones who don't get into all the trades/are just curious.
Most the other services charge $99 or something, but they aren't half as good as me also they get into hundreds and thousands of trades. Mine can be done by someone at work that's the big part. The following the plans is rather easy because I tell the customers something like, if AAPL crosses $220, but the Jan 2019 $220 Options. Then an alert gets sent to Discord when I get in, so either they can setup a conditional order, or wait for my order to execute. At the start, I was not posting my exits, now I am posting my exits, so it can be easier for people and that's making the retention/marketing huge because most the other competitors don't get into all their trades, that's what makes me unique.
The one negative right now, I don't have my stats posted as to the win/loss rate to make people believe, however, I have a plan for January 1.
The part that is really flying is the "account management for larger accounts" as I have gotten people out of a few bad stocks and into a few more great stocks. I just don't know how to automate this and I am not sure which way it's going to grow, i.e. people will want to deposit in my account, or want me to trade from their account, plus I'm not licensed so I might be doing a CSC soon.
$SPY to $300 this year.
No one wants to advertise their money making niche ideas, especially if they are easy to copy.
Ideas are not worth much. Only execution matters.
Of course the movie does actually have to be made, and well, to succeed, but the idea for it is valuable in itself, so long as it is actually an original and interesting idea.
A cynic might suggest that VCs spread the "ideas are worthless" meme for their own benefit.
Or perhaps they only ever really encounter the "uber, for doughnuts" type pitches which indeed generally have little value.
I don't think many people are going to share their idea unless they are sure it's not something that can be hacked together in a week. It would be interesting to also see people simply saying "I do" and maybe the "space" it's in? That too would be encouraging I think.
If you can hack it together in a week then there are probably already a bunch of competitors. As has routinely been pointed out, many of the most popular apps can be readily copied in a fairly short time. The app is the easiest part.
wwww.cronote.com Simple website for sending reminders. It didn't make any money for 4 years until I added commonly-requested features (templates, recurring reminders, and variables for recipient names). Now I have about 60 paying customers and it makes about $600 per month after all expenses paid. It's been running essentially autonomously for the past five months. The iOS app is still difficult to use. I'm slowly re…