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I know every HN reader will hate this, but my advice, try to add $100M to your 2016 income. Why so? If you aim for $100M, after 3-4 years it is possible that
by wellboy 13y ago
I know every HN reader will hate this, but my advice, try to add $100M to your 2016 income.
Why so?
If you aim for $100M, after 3-4 years it is possible that you land somewhere between $5M-10M.
However, if you aim for $100k, you will land at around $0. If you aim for $1M, you will land at $50k. If you aim for $10M, you will land at $1M.
You need to aim for the stars if you want to land on the moon, because everybody and everything will try to prevent you from doing it. Aim for the stars.
- randomnumber314 13y agoI like your thought process. I guess the $100k mark was just to get ideas flowing. I would like to aim for $100M, but I can't think of a product or service people demand that would achieve that revenue (at least not within my skillset)
- wellboy 13y agoWow thank you, when I get all inspirational and big thinking, I'm used to getting shot down by HN, so it makes me happy that it resonates with you. How to aim for $100M? Try something crazy, something that other people will look at you suspiciously and whisper he's crazy is he? Why? Because where is crazyness, there is magic and you will be the only one there, because somehow humans don't like to do crazy things, they like to stay within the norm, not create too much noise. To become really successful, you need to be 1 out of a million. Some might it's very hard to become 1 out of a million. However, it's very easy if you're trying to do something crazy and that's all you need. As for what to do, try to find a big problem that can be solved with a nice and sweet app that can be built within 2 months. It doesn't have to be hard to build, it can just be a little app, but you need to try to look for magic. An example would be Snapchat, super weird, crazy, tiny app, magic. Hope that helped.
- jonwinstanley 13y agoI think you're playing yourself down here. You can build websites, so you have the perfect skill set to solve (almost) any problems. Just get out there and find out what problems people have. Ask a bunch of people which websites/apps drive them crazy. With a bit of luck they will mention ones that they use regularly or pay money for. Once you find a niche product idea, come up with a way you can test your hypothesis, Lean Startup style.
- robinhoode 13y ago> I think you're playing yourself down here. You can build websites, so you have the perfect skill set to solve (almost) any problems. The unsolved problem space that is solved by building a website is shrinking year over year. It would seem obvious that you need a larger skill set to solve problems no one has attempted yet.
- wellboy 13y agoNo, for each new startup, there are two more startups that can be built on top of it. The funny thing is that rhere are not fewer ideas down the road, idea generation is exponential.
- pcharles 13y agoGo to Meetups in your local area & listen to the things that people complain about & create a list. You'll find out that people usually complain about the same things.
- nirnira 13y agoCool, I'm going to aim for $100 trillion then.
- wellboy 13y agoYou will laugh, but that's why we have Bitcoin now. Someone took on all banks and all currencies ($100T/year industry). In 5 years, everybody will think that Bitcoin is normal, but it was just 1 big thinker that it took. But that's how human history works.