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Looks like a great product! If you don’t mind my asking: Do you have another day job? Some external investment? Are you expecting to grow to a much larger scal
by jacobolus 7y ago
Looks like a great product!
If you don’t mind my asking: Do you have another day job? Some external investment? Are you expecting to grow to a much larger scale?
Selling 250–300 devices per year at $100 each doesn’t seem like it would pay the bills even for one person, after materials and other business expenses.
- spacemark 7y agoThanks. :) This is a hobby for me, an experiment in entrepreneurship. I have a day job that pays well enough that I'm free to quit the side business at any time, which I may do soon. The alternative I'm mulling over in my mind is to push the next rev that I've been testing which will reduce material costs another 25%, and then actually market the product to increase volume 3-5x (100% of current sales are from organic traffic, mostly google searches). That kind of effort requires a lot of upfront investment in time I currently don't have, though. And even then I wouldn't be comfortable quitting my day job. So we'll see. My heart is telling me to stop, but my brain is chanting, "student loan payoff."