4 ms·

10K sounds like a lot of money, do you really set your own bar there? What examples did you encounter of people making 10K on their own while still working at c

10K sounds like a lot of money, do you really set your own bar there? What examples did you encounter of people making 10K on their own while still working at corporate?

eaenki 6y ago
I mean $10K it’s like a website w content for US audiences and getting 1K readers a day for a year - depending on the niche you could make even more. It’s not that hard. Not easy. But not hard either. For example posting on relevant Facebook Groups every day a couple of hours a day would suffice. If you can do that you have a basic grasp of marketing, copy, product market fit, accounting and taxes, financing, maybe design, hiring and outsourcing. Definitely a head start.
fuzzfactor 6y ago
This is true not only for software or engineers. 10K is still significant but you definitely need to set your own bar. Anyone in the 50K to 150K wage market needs to have a deep understanding of whatever it took to bring in 10K without your employer, it's going to take a lot more of that once you no longer have a paycheck from a job there. Even building success selling used cars on the side can be very worthwhile to engineers who are considering becoming entrepreneurs, when it could be regarded as a career distraction on many other engineering paths. And however long it took you to bring in the 10K, it's likely to require 5x to 15x as much time to match your employment income, when left to your own devices. A lot of times when you get far above 150K in wages, any windfall can be based less on productivity and more as temptation so you don't start your own company when you think about it. At that point you'd really need to independently be able to make a lot more than 10K a lot easier & quicker before it would make sense. Might have to sell something at a lot bigger scale than a few cars then.

4 ms·

10K sounds like a lot of money, do you really set your own bar there? What examples did you encounter of people making 10K on their own while still working at c

by null_deref 6y ago

10K sounds like a lot of money, do you really set your own bar there? What examples did you encounter of people making 10K on their own while still working at corporate?

eaenki 6y ago
I mean $10K it’s like a website w content for US audiences and getting 1K readers a day for a year - depending on the niche you could make even more. It’s not that hard. Not easy. But not hard either. For example posting on relevant Facebook Groups every day a couple of hours a day would suffice. If you can do that you have a basic grasp of marketing, copy, product market fit, accounting and taxes, financing, maybe design, hiring and outsourcing. Definitely a head start.
fuzzfactor 6y ago
This is true not only for software or engineers. 10K is still significant but you definitely need to set your own bar. Anyone in the 50K to 150K wage market needs to have a deep understanding of whatever it took to bring in 10K without your employer, it's going to take a lot more of that once you no longer have a paycheck from a job there. Even building success selling used cars on the side can be very worthwhile to engineers who are considering becoming entrepreneurs, when it could be regarded as a career distraction on many other engineering paths. And however long it took you to bring in the 10K, it's likely to require 5x to 15x as much time to match your employment income, when left to your own devices. A lot of times when you get far above 150K in wages, any windfall can be based less on productivity and more as temptation so you don't start your own company when you think about it. At that point you'd really need to independently be able to make a lot more than 10K a lot easier & quicker before it would make sense. Might have to sell something at a lot bigger scale than a few cars then.