5 ms·

$3.5k USD total over the year, roughly.

TeeWEE 5y ago
Not 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 ago
Am 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 ago
  He 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 ago
    Interesting. 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 ago
      Thanks (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 ago
        Thing 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…
      - cinntaile 5y ago
        How much do you expect to grow this year? When do you decide it's time to throw in the towel? And I don't mean anything with my last question, I'm genuinely curious about your criteria.
        rozenmd 5y ago
        That's the beauty of my setup IMO, I don't plan on quitting full time work, so the revenue is all a bonus on top of what I learn. That being said, I think I'm at a point where I could spin off an API from OnlineOrNot and make it similarly successful within a month or so.
        cinntaile 5y ago
        I think you misunderstood. I was wondering when you cancel a SaaS project? What criteria do you use to decide that? Also how much would you like to grow this year or did you mean that you don't use that as a metric? Is it more about the learning aspect of it all? Do you plan on going the API route?
- darebak 5y ago
  I think his monthly average over the year is 3.5k, atleast that's how I read it.
  - rozenmd 5y ago
    Nope, total over the year.
- altdataseller 5y ago
  That’s a win in my books. Lots of other ppl actually lose money their first year.
- enraged_camel 5y ago
  He 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.

Not 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 ago

Am 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 ago
He 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 ago
  Interesting. 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 ago
    Thanks (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 ago
      Thing 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…
    - cinntaile 5y ago
      How much do you expect to grow this year? When do you decide it's time to throw in the towel? And I don't mean anything with my last question, I'm genuinely curious about your criteria.
      - rozenmd 5y ago
        That's the beauty of my setup IMO, I don't plan on quitting full time work, so the revenue is all a bonus on top of what I learn. That being said, I think I'm at a point where I could spin off an API from OnlineOrNot and make it similarly successful within a month or so.
        cinntaile 5y ago
        I think you misunderstood. I was wondering when you cancel a SaaS project? What criteria do you use to decide that? Also how much would you like to grow this year or did you mean that you don't use that as a metric? Is it more about the learning aspect of it all? Do you plan on going the API route?
darebak 5y ago
I think his monthly average over the year is 3.5k, atleast that's how I read it.
- rozenmd 5y ago
  Nope, total over the year.
altdataseller 5y ago
That’s a win in my books. Lots of other ppl actually lose money their first year.
enraged_camel 5y ago
He 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.