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I'm very confuse with sentence: sideProject.generate(8500, 'dollars').per('month'); Those are not side projects
by negrit 10y ago
I'm very confuse with sentence:
sideProject.generate(8500, 'dollars').per('month');
Those are not side projects
- Arcsech 10y agoWell, some of the ones making that kind of money probably started out as side projects. Obviously once you're making $8.5k/month, you can probably afford to focus on it full-time.
- derefr 10y agoIf you're making $8.5k/mo on something without focusing on it full-time, why would you give it more of your time? Just quit your job and enjoy only having to do a "side-project" amount of work to live comfortably.
- Arcsech 10y agoGranted. It depends on the project though, I think - If you think that by working on it full time, you could get it to a point where you could have to do no work to live comfortably (either by hiring people to do it for you, or by selling it for enough cash to live off for the rest of your life) I'd say do that. If it's not that kind of business though, I definitely agree - go the Pinboard route and blog about your trips to Antarctica or whatever while doing a minimum of work.
- Trundle 10y agoBusiness is very much a timing/market thing. The money faucet could turn off any day. If you come across easy money you generally want to see if you can turn it in to not so easy but still efficient use of time money in exchange for getting a lot more of it while you can.
- Guest98123 10y agoAlso, it's a great time to diversify. If you have one successful project, you can leverage that audience to help get your next project off the ground.
- pascalxus 10y agoOpportunities dry up very quickly, once people and businesses discover there's money to be made. Hence, why there's always a big rush to grow fast.
- zupreme 10y agoI agree...for some people. If you're comfortable living at a middle class level or just want to travel the world for a couple of years, then this is perfect for you. Do the Tim Ferris thing and just devote the bare minimum of time to it so that it keeps running and generating money - until it doesn't. If you hope to become rich, then you would be better off either focusing your time into this business so you can grow it 100x+ or use it to cover your bills and to stack some savings while you try to build whatever business you are really passionate about. If you instead want to get your education (like pursuing advanced degrees) then you can use this to cover your tuition and living expenses while you do so. Just know that whatever makes you $8500/mo today will probably not keep doing so without some type of conscious effort to acquire new customers, to support current customers, and to either buy out or otherwise stave off competition. All of these require dedicated focus to do correctly. You can either do these yourself or you can hire help to do them for you but someone has to do them if you want your money to keep flowing in.
- freyr 10y agoAt least a couple of the companies I clicked on started as side projects.
- dalacv 10y agoI think period should be a third parameter: sideProject.generate(8500,'USD','monthly');
- dc_gregory 10y agoProbably makes it a bit complicated. revenue { amount: 8500, currency: 'USD' } periodic_revenue { interval: 'month', amount: revenue } Then you can act on revenue amounts around the place, and only have to think/handle interval's if/when it's appropriate.
- erikb 10y agoI think it's more of a marketing gag. If you can make 850/m you are already quite good with your side project.