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Depends on what level of ramenability you're setting your bar at. Here are some of my milestones for S3stat: 6 months: Regularly covering server expenses (whi
by jasonkester 15y ago
Depends on what level of ramenability you're setting your bar at. Here are some of my milestones for S3stat:
6 months: Regularly covering server expenses (which were ~$50-100/month at that point).
18 months: Would have paid for me to live nicely on the beach in Thailand.
30 months: Would cover my rent (and nothing else) at a nice apartment in a major city.
40 months: Passed the monthly take-home pay from my first job out of college.
That's for a SaaS subscription product that I built with the explicit goal of having a low-level income stream that I didn't have to put much time into. Early on, there were periods where I worked 80 hours or more per month to get the infrastructure ticking away to my satisfaction. These days, it requires maybe six hours of my attention each month.
So I guess the answer to your question is: longer than you think. But once you're there, it's pretty nice.
- omnipath 15y agoSo if this is your secondary stream, what do you do for a primary income stream?
- jasonkester 15y agoConsulting. In the short term, it blows the doors off of any entrepreneurial thing you could do. The only problem with consulting, though, is that you need to keep doing it to keep getting paid. As such, the key seems to be to consult in short bursts and use the runway to bootstrap product stuff. Seems to be working thus far.