4 ms·
Gave up a day job Now what? - Income report #3
- kreci 16y agoAs usual comments are welcome and very desired =)
- csomar 16y agoJust wandering what the Amazon store thing is? (http://astore.amazon.com/krsbl-20 http://astore.amazon.com/krsbl-20). Do you build a page, fill it with products and take a commission in sales?
- kreci 16y agoIt is a tool provided by Amazon. You just choose products and customize design.
- harry 16y agoI've been keeping up on your unfolding story and it's inspiring. Please keep the updates coming!
- davidw 16y agoHow much time/effort did you put into the web sites you sold? How much did you purchase the domains/other necessities for?
- kreci 16y agoSome of them are build in a few days and then maintained with a 2-3 hours per week per site. Some of them are build a lot longer but do not need maintenance at all but more promotion.
- Sukotto 16y agoI would very much like to read a case study where you walk through your entire experience from initial idea to cash-in-hand... for each of the two types. Congrats on your overall success. Keep it up dude!
- varjag 16y agoHow sustainable you think website flipping is? Can you see yourself doing it for years?
- kreci 16y agoAs I wrote in post I am not going to do it long term. It is just a temporary job for some quicker cash and I am working hard to build some steady passive income from other sources.
- csomar 16y agoWebsite flipping is not free cash or quick easy cash. You build a site/service/app, promote it, rank it, get traffic and users and then sell it for cash. It's like working for someone else project.
- erlanger 16y ago
- d0m 16y agoI find it pretty cool that you left your day job and do something that you really enjoy. (Not saying that a day job can't be something enjoyable thought). And yeah, it sure look impressive at first that you made 3x the income, however, it seems that you've went a little all-in with the stuff you already had. Looking forward to see the next month with the android app! Question for you: Why android and not iphone?
- kreci 16y agoiPhone needs Mac for development (and of course iPhone). Android does not. Moreover I believe that on long term Android may be more profitable.
- TheSOB88 16y agoWhy do you think that Android would be more profitable? It seems to me that Google is terrible at marketing; the only people I've seen interested in Droid have been geeks like us.
- theBobMcCormick 16y agoThey're activating 160,000 Android phones a day. (http://www.cnet.com/8301-19736_1-20008661-251.html http://www.cnet.com/8301-19736_1-20008661-251.html) Sounds like their marketing is all it really needs to be. You can find a lot more in depth analysis of the numbers and trends here: http://www.fool.com/investing/high-growth/2010/05/27/deciphering-androids-smartphone-sales-figures.aspx http://www.fool.com/investing/high-growth/2010/05/27/deciphe...
- mhd 16y agoConsidering the recent success of the iPad and iPhone 4, that might not happen at all or be in the far future. On the other hand, the iPhone market might be more saturated for the kind of applications you want to make. Still, once you got the idea, the graphics and the general structure, porting apps either way isn't that hard, even if you have to rewrite the code, so investing in a used Mac Mini + iPod Touch might be worth it in the end.
- chime 16y agoWhy don't you just do iStockPhoto full-time for a few months? It seems to be a very steady source of revenue for you.
- kreci 16y agoTemporary do not have good place to put all my studio equipment - will continue in next 2-3 month after I move to new house.
- ErrantX 16y agoI'm interested why you decided to sell the e-book site? It seems to me you could have put a small amount of effort in each month to keep the sales up to around the same amount - at least for a few months then sold it for a lot more! Giving up website flipping seems a bad move - especially as you have now sold the e-book. Your only real source of income is iStockphoto. I don't see how the e-book and website flipping can be replaced with Android apps given your location
- kreci 16y agoMainly I have sold it because tax law in Poland sucks and it was too much to maintain all sales and be ok with all legal things. Moreover it took much more than you can think to promote such website.
- wesley 16y agoYou just sold your 2 biggest websites, bringing in the most cash. What now? Seems like it can only go downhill from here.
- jeb 16y agoI think this story basically demonstrates that once you focus on the money and simply do many projects that quickly bring money, you will be successful in making money. The biggest problems with most startups is that they focus too much on the product and too little on the money.
- paraschopra 16y agoEven though having any source of income is great, building a predictable, sustainable source of income is key to eventual success. Currently, it looks like iStockPhoto is the only source of sustainable income. And now he is focusing on the Andriod app, which is great.
- webwright 16y agoThe lion's share of his "revenue" is what amounts to spec-work consulting ("flipping" web sites). Consulting is a great way to make money but it's a LOUSY way to build equity/recurring revenue.
- arnorhs 16y agoIt looks as if you could've sold the google page rank e-book for more than $510. At least for monthly revenue x 12 months...