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5 side projects in 6 years, earning $0

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Re: 5 side projects in 6 years, earning $0

#91
post #86
post #73

Earlier quoted context omitted.

I doubt that's true. I have literally hundreds of ideas. As an experiment I put them on a website for anyone to see and "steal": https://blog.kowalczyk.info/article/e4132d5a44014b2aad81d815... I'm not saying those are all great, profitable ideas. I'm saying that they are doable by a competent programmer and unique enough. Certainly not "done a zillion times by others".

That list really drives home the 'ideas are cheap' phrase. I guess the good ideas are expensive.

I very much agree that ideas are cheap.

I don't agree that "good ideas are expensive".

The issue is: we don't know which ideas are good or bad.

The stats from Venture Capital markets are showing that clearly.

Before someone even gets a meeting with a good VC firm the idea is already filtered 100-1 if not 1000-1.

Of those who get the meeting, maybe 1 in 100 get an investment.

Of those that get an investment, out of 10 maybe 1 or 2 become the really great successes and the remaining 8 are somewhere between "mild return" and "complete failure".

Since even the best of the best cannot tell what idea is good and which one is bad, we value all ideas as bad ideas i.e. at zero.

I'm quite sure that in that list I've posted there are at least few good ideas i.e. ideas that, when well executed, would lead to a profitable, solo business.

I just don't know which ones are good.

Re: 5 side projects in 6 years, earning $0

#93
post #15

All these have a thing in common: he gave up because they weren’t immediate successes. Some even had traction: 5 users in 3 months isn’t the incredible outlier story you hear time and time again, but it’s 5 people you can talk to, listen to what they want (and why they signed up anyway), then you gear up from there. We’re too conditioned to believe in the stories of immediate success and MVPs making tens of thousands…

After a certain amount of work I think it stops really being a side project, even if it's not where you make money.

Re: 5 side projects in 6 years, earning $0

#95

> How I failed 5 side projects in 6 years, earning $0 Not earning money is not a failure. Wasting time on non-free software the purpose of which is making money - now that's unfortunate. My advice to that guy would be: * Write software you need personally. You will at least have one happy user - and if you write something you like, other people will probably want to use it too. * Think of the software needs of people…

> the purpose of which is making money

Most software that's capable of improving lives is capable of making money, isn't it?

> non-free software

I really doubt that throwing it up as open source would fix anything.

And if you remove those two factors then all that's left is "that's unfortunate".

Re: 5 side projects in 6 years, earning $0

#96

Maybe I'm just old and cranky and this is a generational thing, but when did "side project" become mixed up with "side hustle"? I think the dead horse has been beaten already in this thread, with what the author "should have done" in terms of market research, A/B testing, MVP, etc. No need for me to pile on further there. But what strikes me is that the author really seems to draw no distinction between personal side…

> personal side projects, done for the purpose of developing new skills That sounds like a work focused side project to me. Things I've made that are personal side projects - iot blind controls (because I wanted it), magic mirror (because I wamted it), triathlon result parser (because me and my so wanted to settle some race stats debates), groupable containerised desktop apps (because I wanted it) etc. None of my per…

It's not rare to enjoy learning.

Re: 5 side projects in 6 years, earning $0

#97
post #28

"Get a Product Job (May 2020 - May 2021) This time the main objective was to learn something new by doing. I chose Ruby on Rails. It's a great framework to build websites quickly." Choosing Roby on Rails in 2020 as a "new framework" for web development ... sheesh.

Another day, another person saying Rails is dead. *sigh*

I didn't get the impression that GP was saying that at all. Just that, in 2020, Rails is most definitely not "new".

Re: 5 side projects in 6 years, earning $0

#98
post #10

I find this kind of post very interesting. The key takeaways from my point of view is that none of these projects actually created value. Most of them didn’t solve a problem that other software hadn’t already solved. The most interesting one I think was the appartment notitication one. Especially that today there is such a race if you want to find a good and affordable appartment. It’s just too bad the author wasn’t…

Regarding solving a problem. I think there is always room for a better way to solve a problem. Really, there is room for multiple companies to solve the same problem the same way. If I would have been pitched Airbnb in its early days, I likely would not have given it much thought. After all, VRBO has been doing basically what Airbnb does for 25 years.

Re: 5 side projects in 6 years, earning $0

#99

Maybe I'm just old and cranky and this is a generational thing, but when did "side project" become mixed up with "side hustle"? I think the dead horse has been beaten already in this thread, with what the author "should have done" in terms of market research, A/B testing, MVP, etc. No need for me to pile on further there. But what strikes me is that the author really seems to draw no distinction between personal side…

I've gone in the opposite direction. my latest side project is costing me money. but it gives me a dev superpower, so I don't mind.

this is a blatant plug, sorry, but here's my newfound superpower: I built forkfreshness.com so that, whenever I find an abandoned repo that would otherwise be perfect for whatever I'm working on, I can find out exactly what downstream forks exist, who's keeping those forks alive, and how much ongoing work is happening.

this was, as you say, absolutely not about getting rich. but while I did learn a bunch doing it, it wasn't about learning, either. I stuck mostly to familiar tech. instead, it was about creating something that I had wanted many times over the years.

Re: 5 side projects in 6 years, earning $0

#100
post #17

For every remoteok.io which is a single PHP file and makes $100k a month, there are 1000 of failed job boards. I suppose this is the reality.

There it simply becomes a marketing project not a software project.

Yep, the site (CRUD at best) is a poster child of non application. It's more like a beautiful movie star selling beauty product.
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