Ask HN: How did you make your first million dollars?

Re:Ask HN: How did you make your first million dollars? by Im_Talking on Monday May 12, 2014 @10:59PM (#7736406)

I started a software business in 2003 catering to mortgage brokers. Sold it in 2008 for 7 digits. I have been managing it since then which bores me. I like to control my own path so I just handed-in my resignation and will start another software business.

I'm 54 and don't let anyone tell you you're too old, or any one of the other million excuses. Backing yourself is the only true security.

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Re:Ask HN: How did you make your first million dollars? by mrfusion on Tuesday May 13, 2014 @08:01AM (#7737657)

I've been trying to think of products for the mortgage or real estate industries for a while. Do you happen to have any ideas you'd like to share? Or advice on finding ideas?

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Re:Ask HN: How did you make your first million dollars? by Im_Talking on Wednesday May 14, 2014 @03:11AM (#7742588)

Best bet is to phone-up and meet a few brokers and ask about their work, stresses, and pain. You may be lucky and a common thread may surface. If it does, then you know your path. Following the pain is a great way to get ideas.

When I started I didn't know a mortgage from a hole-in-the-wall (I came from telecom) and sent emails to every local mortgage broker. I met-up with a very cluey broker and that was the start.

You cannot think of ideas in a vacuum. You need to talk to the people in the trenches. Good luck.

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Re:Ask HN: How did you make your first million dollars? by santa_boy on Wednesday May 14, 2014 @01:29AM (#7742344)

I'm also looking for the same. I try browsing on subreddits related to real estate and mortgages for ideas ...

Haven't found any that I am pursuing ... Most inputs I get are to replace a large product which I think is quite a risky path to go on. I am more keen on finding a niche area to work on and go after

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