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Ask HN: Who is running a profitable productized service business?
Hey guys,
I am a non-technical entrepreneur interested in building startups.
During my studies I grew a profitable, $250k/year productized service business (an online letting agency for international students) and I am now doing the same but for design services ($12.5k/month in revenue currently)
I was wondering if any other HN'ers are running a productized service business or if you know any examples. In addition, I would love to hear your thoughts on the future of productized service business in the era of automation / AI and whether we have a chance of serving on the long term!
Thanks!
- TaylorGood 9y agoWell done. Would you mind sharing details for your design-related productized service?
- vinrob92 9y agoSure! My service is called Manypixels (https://www.manypixels.co https://www.manypixels.co)
- niko001 9y agoI run IdeaCheck.io [0] where we try to validate startup ideas by running a survey within the target audience and develop a report based on the results. We've automated everything that we were able to automate so that we can spend our energy on the 'important' bits that provide the most value to our clients. Especially in design, I think that there will continue to be a market for both, automation and individualized services. Customers who don't want to spend a lot of money are happy with self-service automated tools like Canva or Logojoy, but I believe that creativity (coming up with a "clever" logo that stands out) will be one of the last areas to be automated away. [0] https://ideacheck.io https://ideacheck.io
- SirLJ 9y agoI am running stock trading robots in the cloud and they are fully automated and AI based in the decision making... Essentially it is a productized service business with only one client - myself... and the future is great!
- justaguyhere 9y agocould you share more? what kind of stocks do you trade, do you trade crypto etc? Of course, as much as you are willing to share without giving away your secret sauce, that is
- SirLJ 9y agoSure, it would work perfectly for crypto, because of the constant volatility, but there is no way in hell I am going to transfer quarter or half a million to one of those exchanges, where it can be hacked, stolen, etc and there is not government protection to get my money back... That's why I focus on on high quality / volume stocks traded on the major stock exchanges and I am using the APIs (provided by the well know discount brokers), been doing it for years and the compounding is what makes it worth while...
- odonnellryan 9y agoHow have you performed against the market the last year? Let's just say a well-balanced portfolio, maybe a little risky, returned ~11% last year. A portfolio with just equities in varying sectors, I think a good number is probably around 20% return for 2017. Not extremely high-risk assets, but a reasonable amount in small cap, em, and international equities. Did you return greater than 20% last year? If so, that is quite remarkable in my opinion!
- SirLJ 9y agoOn average my returns have been in the double digits and much better than the market 20%, even with back to back losing years - for some reason I am losing money at the bottom of the market cycles, when the market starts to rebound... I find it easier to have those kind of returns with small account (less than 5M/10M lets say), more than this and you are starting to move the market when placing trades, so it is much harder and cannot be back tested properly...
- odonnellryan 9y ago