4 ms·
$1k per month? Is that revenue? Doesn't sound like it's doing too great.
by koverda 8y ago
$1k per month? Is that revenue? Doesn't sound like it's doing too great.
- jimmyrose 8y agoThat's actually an old figure. About 5x that now. Sure growth could be stronger but it's about 10% a month at the moment
- krallja 8y agoI read it as $1k growth per month.
- fardo 8y agoI think a lot of developers forget, perhaps due to their current annual salary and due to high costs of living, that a geography-independent $1K a month is nothing to sneeze at. For example, rent in Michigan for a three bedroom apartment is about $1,200 a month [1], meaning your rent would be $400. Let’s say you spend $200 a month on groceries, and spend $400 a month on insurance, gas, bills, and other mandatory expenses. Congratulations: you’re short term net financial neutral! In theory, as long as your acquisition rate is neutral or positive compared to churn, you now live for free, without a boss and without an expectation of a 40 hour workweek. In theory, you can now retire. In practice, you can grow revenue, and nothing’s stopping you from starting business two and increasing your “retirement’s” margin. For the right person, these conditions are life-changing. [1] https://smartasset.com/mortgage/the-cost-of-living-in-michigan https://smartasset.com/mortgage/the-cost-of-living-in-michig...
- justboxing 8y ago> a geography-independent $1K a month is nothing to sneeze at. Right. Also, it's not very obvious, but it looks like the creator is from Australia, likely lives there (as the address listed in about page is also an Aussie address). Not sure about Cost of Living, but definitely gotta be less than Bay Area / Silicon Valley... James ( Jimmy?), if you are reading this, you might wanna update your about page with some story about you (builds trust), instead of a testimonial from a random user... https://contentsnare.com/about/ https://contentsnare.com/about/
- gitgud 8y agoI also thought that was weird? The about page is not for testimonials, it's generally a place for information about who made the site/business right?
- glangdale 8y agoAgreed on the reaction to the "about" page. Cost of living in Australia isn't always great (real estate close to Sydney is nuts, and there was even a brief period where SF looked like a bargain a few years ago). But Brisbane isn't that bad.
- King-Aaron 8y agoFYI $1k / month in Australia would be extremely difficult to live comfortably on.
- kondro 8y agoWith mean Average Weekly Earnings (for salary earners) approaching AUD$85k/year[1] before tax (not sure what average household income is), I'd say $1k is basically impossible to live on. And for some context, I currently can't hire any mid-to-senior software developers in Sydney for less than $150k/year package. [1] https://www.businessinsider.com.au/average-australian-weekly-pay-2018-2 https://www.businessinsider.com.au/average-australian-weekly...
- jimmyrose 8y ago
- throwawayqdhd 8y agoIn my experience, ramping to $1k/month is the toughest part. Getting from $1k to $10k/month is much easier. You have momentum, traffic, and some authority.
- jimmyrose 8y agoHere's hoping. It's been a pretty hard slog to get from 1k to 5k but something seems to have happened in the last month and growth has ramped up considerably. Wish I knew what actually caused that ¯\_(ツ)_/¯
- projectramo 8y agoDepends on how long they've been around. If you launched an hour ago and you have $1k/mo run rate that is mind blowing. If you launched a year ago, its decent. If you launched 10 years ago, its abysmal.