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by rexreed
4575 days ago
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That was also my first thought. Kudos to the OP in that you managed to build a product people wanted and paid something for. For creating something you could sell. And then went ahead and sold it. And made a profit. That's better than most wantpreneurs. But you didn't do better than minimum wage. You could have just done a bunch of TaskRabbit or Odesk or Elance gigs and for the same 26 hours ended up much farther ahead. What does that mean? Perhaps not much because it's comparing apples and oranges (contract / service work vs. product sales). Or perhaps it does mean that you need to understand the value of income (not just revenue) with relation to time cost. That might actually be the biggest lesson here: yes, you can build something you can sell. And perhaps you learned how hard sales is, but how possible making a profit is. But most importantly, you learned that not all businesses are worth it. And this one most certainly is not worth it. |
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That's how most monthly services work. It takes a lot of work up front to make a product successful. You will almost always in fact be working for almost nothing when you start a company like this. That's why people raise money. But that initial work returns exponential value in the long term.
So yes, if you want to attack something you can attack the $1K in profit, go for it. But you're missing the point. The point is that making money takes work, and if you put in the work, you can make money doing anything. Like selling Jerky. Imagine if you actually have a good idea.