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28 Comments

My side project paid its own expenses!

For the first time ever, I didn't use some of my pay from my day-job to cover the expenses of my side-projects. Instead, softwareideas.io paid for both itself and my other project, codernotes.io.

It's an amazing feeling. Every paycheck, I normally put about $500 aside to pay or save for business expenses. Since softwareideas.io paid for those this week, it was like getting a $500 raise, on TOP of the actual profit I was able to take from the company.

This allowed me to do something really, really cool: I took $200 of profit from the company, and put it aside for the down-payment of my first house.

Thanks to the IH community for helping me to get to this point!

  1. 12

    Good stuff! Can't wait for the "My side project paid for my lambo" post

    1. 5

      Haha! That's at least a week or two away. Thanks for the well-wishes!

  2. 2

    Great to read things like this. Congrats :)

  3. 2

    Kevin, you rock! I think this is the best feelings ever when people pay for your product :D

    1. 1

      Thanks! It's been really awesome to build something that's helping people reach their goals as well.

  4. 2

    That's awesome Kevin, congrats! Hope you continue to build momentum on your projects!

    1. 1

      Thanks a bunch John!

  5. 1

    Amazing, Kevin! Your write-ups are excellent! 🔥

  6. 1

    Congrats! @Kevcon80
    your softwareideas could bring you more :)

  7. 1

    Congrats mate. Nice project too.

  8. 1

    That’s awesome, Kevin! Congrats on activating downpayment savings.

  9. 1

    That's awesome!!!

  10. 1

    How are you marketing it?

    1. 1

      Still exploring channels, so far the best way has been sharing high-quality content on Reddit, here, and other entrepreneurial groups.

  11. 1

    Awesome! Great to hear

  12. 1

    I've got a way we can expand this project into business/software design consultation.

    If you are interested in taking this path and you wouldn't mind having a partner should you like the idea I have.

    Kindly hit my mail ([email protected])

  13. 1

    I like your project of softwareideas. I think it stands out of the crowd and I am sure it will only get better. Best of luck and keep up the good work!

  14. 1

    Awesome! As I mentioned on twitter, I think it's a fantastic idea :)

    1. 2

      Thanks! I’m pretty sure your shout-out led to like half of the sales so far, so I definitely owe you one. That tweet was very popular!

  15. 1

    This is the way. Congrats to you sir.

    Next step: paying the rent with side project income 😀

    1. 1

      Thanks! Looking forward to all of the milestones like this one! This stage is pretty fun since you can just blow through some of the early milestones. For example, I'm only a few sales away from $10k ARR at this point, which is another milestone worth celebrating

  16. 1

    Congrats, Kevin! I was in a really similar position, spending about $500 a month of personal income for over a year on my app. Cutting costs helped me most, but that's awesome to hear you're already putting the revenue to good use!

    1. 2

      Thanks Matt! It's a combination of expenses + a business emergency fund. But now it seems that my company can afford to build its own emergency fund & pay expenses, which is awesome!

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