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Ask HN: How can a software engineer with a broad skillset make money?

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Ask HN: How can a software engineer with a broad skillset make money?

#1
Hi fellows,

I've been pursuing my own projects for the past 5 years and dreaming about being an entrepreneur (aka the capitalist era Hercules) for the past 15.

I haven't succeeded, at least big time, yet. We also live in a very high cost of living location (mostly for the family/kid's sake if you wonder) so I can't really quit my job forever and continue my entrepreneurial journey full-time (I did a 1,5 year break previously and burnt through all savings though).

The question is, where do people like myself fit well in terms of full-time jobs and/or other ways of making money?

I am software engineer by training, but I've acquired business/marketing knowledge and skills over years, learnt accountability and people management, UI/UX and user interviews, bits of product thinking, analytics and decision making.

I feel like an entrepeneur, my skillset is very broad and, probably, quite shallow in some areas too. Perhaps it'd make a good CPO/CTO, in an early-stage company, but this comes with a tradeoff of being paid sometimes 2x less than a senior/staff at big tech and not much more than an engineer in a startup.

The reason I ask of course, is because while I'm experimenting, having fun and feeling good about myself, I feel like I am missing on lots of opportunities and probably being too risky about not buying a house while the clock is ticking.

Please share your experiences and thoughts, thanks!

Re: Ask HN: How can a software engineer with a broad skillset make money?

#2
I didn't think about explaining the obvious right away, so putting a comment here. Having a 'regular' job of a manager or a software engineer is fine but feels like I am not using most of my skills and not developing as a person. So the question really is how to apply this broad skillset to the world without getting into the confines of typical SWE roles.

Re: Ask HN: How can a software engineer with a broad skillset make money?

#3
I am saving money around the household by using media applications I wrote for media playlists, asset management, server management and dashboard, and more. Why pay for app store nonsense or subscriptions when I can do it better myself and with greater flexibility/durability.

Re: Ask HN: How can a software engineer with a broad skillset make money?

#4

I am saving money around the household by using media applications I wrote for media playlists, asset management, server management and dashboard, and more. Why pay for app store nonsense or subscriptions when I can do it better myself and with greater flexibility/durability.

That's interesting. How much do you save per month?

Re: Ask HN: How can a software engineer with a broad skillset make money?

#5
post #4

I am saving money around the household by using media applications I wrote for media playlists, asset management, server management and dashboard, and more. Why pay for app store nonsense or subscriptions when I can do it better myself and with greater flexibility/durability.

That's interesting. How much do you save per month?

I am not really sure. It negates me needing to subscribe to all audio services and some video services. I don't need to buy corresponding media apps for my iPhone. The internet can go down and my stuff will continue working just the same on my home network.

Re: Ask HN: How can a software engineer with a broad skillset make money?

#6
I'm in a similar position. I think one of the challenges is that you can get a guaranteed high salary working full-time in tech. A great success in entrepreneurship might mean acquiring your previous salary after several years of working hard and making little money. Of course, you might also strike it right, but you might not.

I'm currently working part-time on retainer, which allows me to work less than full-time and still make enough money to live (definitely less than a full-time job, but enough to live comfortably). This leaves me time to build my own thing while not living off my savings.

I don't know what I'm doing, but I might suggest something like this. Stay at the job for now. Use the financial security to buy a house and get a good mortgage. Then start working on taking part-time work on top of your full-time job. This will suck at first (full time plus extra work), but once you feel comfortable about being able to get part-time work, you can feel comfortable leaving the full-time job.

Re: Ask HN: How can a software engineer with a broad skillset make money?

#7
post #6

I'm in a similar position. I think one of the challenges is that you can get a guaranteed high salary working full-time in tech. A great success in entrepreneurship might mean acquiring your previous salary after several years of working hard and making little money. Of course, you might also strike it right, but you might not. I'm currently working part-time on retainer, which allows me to work less than full-time a…

Thank you for your reply.

Re this: >I'm currently working part-time on retainer, which allows me to work less than full-time and still make enough money to live (definitely less than a full-time job, but enough to live comfortably)

That's quite a good position to be honest.

> Then start working on taking part-time work on top of your full-time job.

This is what I've been doing for the past 3 months but only to save some extra money as our main income is 90-100% spent on necessities every month. I charge per hour probably within the 50-70 percentile bracket in my location. But I can't see how I could charge more without being much more specific than just doing regular software engineering.

As a qualified engineer and owner (in terms of responsibility), I quite often get compliments on how well I handle things - with attention to detail, without oversight, pushing things to the completion, etc. This made me think that probably I'm lowballing myself with this (shitty) startup job.

But on the other hand, I don't know where else I could 'remain myself' in the way of not becoming a professional SLOC cruncher or, God forbid, the ultimate PSC-driven developer.

Re: Ask HN: How can a software engineer with a broad skillset make money?

#8
post #4

Earlier quoted context omitted.

That's interesting. How much do you save per month?

I am not really sure. It negates me needing to subscribe to all audio services and some video services. I don't need to buy corresponding media apps for my iPhone. The internet can go down and my stuff will continue working just the same on my home network.

I think I spend about $60 per month on streaming services. How many hours are you working on these projects because it may be more beneficial to do a few hours of consulting rather than saving a few dollars here in there.

Re: Ask HN: How can a software engineer with a broad skillset make money?

#9
post #2

I didn't think about explaining the obvious right away, so putting a comment here. Having a 'regular' job of a manager or a software engineer is fine but feels like I am not using most of my skills and not developing as a person. So the question really is how to apply this broad skillset to the world without getting into the confines of typical SWE roles.

Sounds like you should do some reflection and evaluation on the emotional side of things. What part of your dream of being an entrepreneur actually sounds good to you? If you want fame, software entrepreneurship may not be optimal for example.

Ultimately a job can be evaluated as: ( Money * Job Satisfaction * Impact ) / (Time * Energy )

Re: Ask HN: How can a software engineer with a broad skillset make money?

#10
post #2

I didn't think about explaining the obvious right away, so putting a comment here. Having a 'regular' job of a manager or a software engineer is fine but feels like I am not using most of my skills and not developing as a person. So the question really is how to apply this broad skillset to the world without getting into the confines of typical SWE roles.

Companies don't want all of your skills. They want a specific subset. You need to do things outside of your 'role' to grow.
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