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Multiple income streams is the best starting point imo if you don't know what you want to double down on. Getting $100k itself is not an easy task, let alone tr
by ninh 13y ago
Multiple income streams is the best starting point imo if you don't know what you want to double down on. Getting $100k itself is not an easy task, let alone trying to get $100k off of a single thing. It's easier (and more pragmatic) to get to $100k by getting $5k on product A in YRR, $20k on product B etc... These things will eventually add up and need to be easily maintainable projects (as opposed to timesink projects). I wouldn't recommend writing a super complex app consisting of millions of lines of code for example that requires a lot of support towards your customers; instead, consider writing an e-book and selling it for $10-30 a pop. Or a SaaS that nets you $10 MRR per customer.
Another upside imo of this approach is that you can discern at a later stage which one of your projects is most successful and has the most chance of getting you to $100k YRR, on its own. This will allow you to decide if you want to double down on it or not.
Also, consider building things someone wants: I know, I know, easier said than done, but it's often a good place to start at what you'd like yourself. In a worst case scenario, you'll at least have 1 customer (yourself) ;-)