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I Created a $60K/Month App That Collects In-Person Payments Through Stripe

starterstory.com

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Re: I Created a $60K/Month App That Collects In-Person Payments Through Stripe

#91

Post by buzzkillington »

anomaloustho wrote: post #77
buzzkillington wrote: post #55

Earlier quoted context omitted.

You can get that sort of money as a developer if you're lucky and in the right place. I just finished a contract with an Evil Inc that was paying pretty close to that. From my personal sample getting a job that pays that well is a lot easier than getting a business to be successful enough to have that much profit.

Would love to exchange emails or hear more about how you’re pulling this off as a developer. I’ve done similar, but I’m only aware of a couple ways to hit that amount as a solo dev.

Feel free to share a key in a post.

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Re: I Created a $60K/Month App That Collects In-Person Payments Through Stripe

#92

Post by cryptica »

ttraub wrote: post #23

He's getting 80% of the gross = 48,000/month. That's impressive income, half a million a year for what amounts to a good idea implemented at the right time. I love reading stories like this, and it demonstrates that there are still many opportunities out there. I don't understand some of these comments which seem to resent his success or belittle his company as "not a unicorn". That's good money, he works for himself…

It seems that almost all the successful startup ideas these days involve integrating with some major platform and reinforcing their dominance whilst being at their mercy.

Re: I Created a $60K/Month App That Collects In-Person Payments Through Stripe

#94

Post by dvko »

jventura wrote: post #83
dvko wrote: post #81

Earlier quoted context omitted.

I fully agree with this sentiment. I myself piggy-backed my product (or rather: feature) on a much langer company which was growing like crazy and have been able to grow it to a comfortable $40.000 per month over the last 6 years. It’s just me doing the bulk of the work with 2 friends helping out to handle 1st level support. Now that it is a mature product and as long as the company I depend upon does not overhaul th…

> I’d say there are loads of opportunities like this out there, especially in places developers do not want to go because they are not deemed cutting-edge or fun. Any suggestions?

Integrations with popular services for legacy codebases. Preferrably for a service the user is already paying for.

Personally my product is “X for WordPress”, where X is a marketing tool that grew a lot over the last decade.

Re: I Created a $60K/Month App That Collects In-Person Payments Through Stripe

#95

Post by s_dev »

cryptica wrote: post #92
ttraub wrote: post #23

He's getting 80% of the gross = 48,000/month. That's impressive income, half a million a year for what amounts to a good idea implemented at the right time. I love reading stories like this, and it demonstrates that there are still many opportunities out there. I don't understand some of these comments which seem to resent his success or belittle his company as "not a unicorn". That's good money, he works for himself…

It seems that almost all the successful startup ideas these days involve integrating with some major platform and reinforcing their dominance whilst being at their mercy.

Stripe was a fragile little enterprise too at one time.

Re: I Created a $60K/Month App That Collects In-Person Payments Through Stripe

#96

Post by tiger_dioxide »

rscherf wrote: post #54
dimino wrote: post #19

Earlier quoted context omitted.

It seems like startup advice is based on the repeatable observations that people who've worked with a lot of startups have discovered. That means there are a bunch of situations that don't get covered because they don't come up a lot. When playing an odds game like startups, you want to do all the maximally viable things possible, but that doesn't mean other decisions aren't also viable, they're just not observed to…

I’m definitely not trying to peddle advice, I was just approached about my story. I think there are tons of micro niche things like this that can be built to earn a living (I have a list of 5 I’d build on top of just Stripe if I had the time). Large companies can’t do everything, and I think Stripe owns that. Not to mention, they still get all their same fees and don’t have to maintain the app.

Great write up! Would love to hear some of those ideas. Possibly one or two if you don’t mind sharing.

Re: I Created a $60K/Month App That Collects In-Person Payments Through Stripe

#97

Post by brobdingnagians »

One of the things I love about this is that it is an independent small business that helps others run their own independent small businesses. It makes it easier to decentralize markets and for people to work for themselves. one of the things I don't like much about some "startup unicorns" is that they seem to have as their goal to employee lots of other people and become just like every other large corporation. But I applaud solutions that help people become more free to pursue their own ideas. And even though Stripe is a unicorn itself, it helps the small businesses by having an excellent API that eases integration and products like this.

Re: I Created a $60K/Month App That Collects In-Person Payments Through Stripe

#98

Post by omnimus »

echelon wrote: post #13
gruez wrote: post #12

Earlier quoted context omitted.

>but with cheaper processing fees What? The product's page says it charges 1% + whatever Stripe charges ("generally" 2.9% + $0.3). A quick search says that Square charges 2.6% + $0.10 per in-person transaction. Seems like that this product is more expensive than Square.

Ah, good find! The article claims > The app collects a 1% service fee on every single charge. Per your comment, this is indeed a more expensive Square. Square already does Card Not Present transactions. The question then is why do people choose to use this?

Stripe is supported in many more countries. In europe for exaple nobody ever heard of Square on the other hand people wait with open hand for Stripe to come to their country.

Re: I Created a $60K/Month App That Collects In-Person Payments Through Stripe

#99

Post by sah2ed »

rscherf wrote: post #60
SpicyPico wrote: post #58

Earlier quoted context omitted.

I foresee a potential scenario where Stripe hires you if they deem what you have created, and more importantly the person behind its creation, is worth integrating. I would be surprised if you do not see formal contact from them (if you haven't already)! Great work.

Thanks! I work closely with several people at Stripe already across many different teams, so not really holding out hope for anything. Very happy and content with where I’m at.

Slightly unrelated, from what web tools did you take these screen shots [1,2] that were shared in your interview?

1. https://s3.amazonaws.com/www.starterstory.com/story_images/i...

2. https://s3.amazonaws.com/www.starterstory.com/story_images/i...

Re: I Created a $60K/Month App That Collects In-Person Payments Through Stripe

#100

Post by taneq »

buzzkillington wrote: post #55
taneq wrote: post #44

Earlier quoted context omitted.

$60k/month is a hell of a “lifestyle”.

You can get that sort of money as a developer if you're lucky and in the right place. I just finished a contract with an Evil Inc that was paying pretty close to that. From my personal sample getting a job that pays that well is a lot easier than getting a business to be successful enough to have that much profit.

Not in my half of the world. O.o
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