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Sounds interesting but creating a product takes a lot more time than just writing the code. I'd be interested in hearing how much time you put into creating a p
by rubeng 16y ago
Sounds interesting but creating a product takes a lot more time than just writing the code. I'd be interested in hearing how much time you put into creating a product that provided you with a 20k to 50k exit. (Code and marketing time)
It seems as though working 15 hours a week for 6 months to develop a product that gives you a 20k exit would end up paying you $55/hour. Not a great return on your time in my opinion. But might still be worth doing at least once for the experience you'd gain in launching a successful product.
- il 16y agoI would consider $55 an hour a pretty good wage- that's beyond ramen profitable. You also forgot to add the $1000-$2000 a month in subscriptions you receive before selling. Also, development time is a sunk cost, because I had already built the tool for my own use. The only additional dev time is tacking on PayPal subscriptions and prettying up the interface, maybe 15-20 hours total. As for marketing, that's my area of expertise, so I don't mind. Usually just reaching out through my network of fellow marketers in enough to build a few initial users and start getting traction.