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How is your Monetisation going? I guess its hard to make a living from building your own product (I'm trying todo the same). But not impossible... I often sees
by TeeWEE 5y ago
How is your Monetisation going? I guess its hard to make a living from building your own product (I'm trying todo the same). But not impossible... I often sees these "twitter i'm successful founders" who keep mentioning "I'm almost doing 10k MRR" but not talking about costs... Its easy todo 10k per month, if you spend 15k on google ;-)
I'm doing close to 2k per month on MRR but costs are also quite high.
- TeeWEE 5y agoAh found it in your blog! https://onlineornot.com/eight-months-of-onlineornot https://onlineornot.com/eight-months-of-onlineornot
- rozenmd 5y ago$3.5k USD total over the year, roughly.
- TeeWEE 5y agoNot bad! What's invaluable is what you are currently learning about running a business. Something I learned was that I totally underestimated marketing :p
- sjapps 5y ago
- dpcan 5y agoAm I reading this correctly that you worked 2 hours a day and only made $3.5k all year? Or about $300 a month?
- bachmeier 5y agoHe gets a valuable education, so basically he's getting free tuition plus enough money to buy a good lunch every day.
- deleted 5y ago[deleted]
- dpcan 5y agoInteresting. If he worked 2 hours a day, 5 days a week, for 1 year (52 weeks), thats 520 hours. He made $6.73 per hour before self employment and income taxes (if applicable). Or $13.46 per day. I’m not sure how you get a good lunch and tuition from that unfortunately. Still, everyone values their time and talents differently, they also have different goals in terms of education and what they consider to be a financial success. I guess, given the money he’s made, what he’s actually learned is a long list of things he still needs to learn. Because what he’s saying he’s “learned” hasn’t been validated yet. Maybe if he’s making ~$70k by the end of this year we can assume these things he’s learned have value, otherwise, they are mostly observations about the current state of his business and how making adjustments in these areas have mildly impacted his bottom line. I wish him the best of luck.
- rozenmd 5y agoThanks (I'm in France, so it's 218 working days, 436 hours). On the education side, my first 3 years as a maker, I didn't grow beyond 1 paid user on any product I sold. I still learned with every failed launch, and every product I shut down. See "Year in review" at https://maxrozen.com/ https://maxrozen.com/ The learning has been cumulative. I went from "Hey if I just copy Pieter Levels, I'll be rich immediately" to "If I build it, they will come" to "Maybe if I write about the problem, people will come?" to "If I talk to people about their problems, maybe I'll understand them well enough to solve a problem for them". I'm not trying to convince you to take up the life of a bootstrapped founder, I just wrote an article about what I learned from a couple spare hours before my job each day over the last 12 months.
- bdlowery 5y agoThing is, if you kept your JobsOk.io project for another year you would have been making bank (like Pieter did) from the remote job boom during Covid. Oh well…
- 5y ago
- darebak 5y agoI think his monthly average over the year is 3.5k, atleast that's how I read it.
- rozenmd 5y agoNope, total over the year.
- altdataseller 5y agoThat’s a win in my books. Lots of other ppl actually lose money their first year.
- enraged_camel 5y agoHe probably learned a lot more than he could have, say, attending a code bootcamp — and he made money on top of that. So it's a huge win in my opinion.