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I don't really think that's an "only" statistic - 1 in 20 products there is a strong lifestyle business or more? That's amazing. They're comparing it to a full-
by ameister14 4y ago
I don't really think that's an "only" statistic - 1 in 20 products there is a strong lifestyle business or more? That's amazing. They're comparing it to a full-time programming job but I think almost all of these are side projects until they hit a sustainable number for MRR.
- pineconewarrior 4y agoAgreed, 5% seems like a huge, encouraging number!
- weird-eye-issue 4y agoThere is a big difference between revenue and profit. So nothing encouraging about this at all
- wahnfrieden 4y agoi don’t come across many low margin indie hacker projects
- weird-eye-issue 4y agoHow many of those are making over $100k? And how many are 100% honest about their costs?
- wahnfrieden 4y agono clue mate. professional experience these days does certainly teach people to give vendors a lot of rent to get the job done
- elsewhen 4y agoAre you considering marketing (eg GAds) spend?
- acover 4y ago> there were total of 937 products with Stripe verified revenue The stripe requirement filters a lot of zero revenue side projects.
- rco8786 4y agoAnd lets through a lot of low revenue side projects
- runako 4y agoIt also filters out projects by older people, who are socially less likely (IMHO) to share how much money they make with strangers. Also -- with SaaSes I've started, the bigger customers all paid via non-Stripe means (ACH, check, etc.) and would not show up in these stats. Would have made those businesses appear smaller than they were.
- personjerry 4y ago1 in 20, that know about the Indie Hackers website, posted on there, and use Stripe, so that's a hugely biased number already
- jrumbut 4y agoSure, but that's not the highest bar to clear.