Re:BingoCardCreator.com Sale Page
by true_religion on Monday May 25, 2015 @09:51PM
(#9602552)
Well how much makes a 'sizeable percentage'. 10%, 20%? 30%?
Looks like close to ~30% last year (after seeing ARR fall by 30%). [1] I think higher in prior years.
He claims to have spent only a handful of hours on BCC last year. So spending less than say 20 hours on a project and having it generate ~30% of revenue, passively, seems like a pretty good deal.
Another poster mentioned focus, but that doesn't really seem to be the case here.
Of course all this is conjecture.
[1] http://www.kalzumeus.com/2014/12/22/kalzumeus-software-year-...
Re:BingoCardCreator.com Sale Page
by itengelhardt on Monday May 25, 2015 @10:28PM
(#9602660)
Patrick is not reporting his full income from AppointmentReminder, he excludes the Enterprise deals.
"Focus" is a very valid reason. Even assuming just one hour per week, that's 52 hours he can spend on something else. Plus having BCC around is a mental burden. Even while you're not working actively on it, you're thinking about it.
At $19,000 of net profit per year, I'd be startled if it was anything more than 20 percent. He was pulling in $30,000 a week[1] doing consulting.
[1] http://www.kalzumeus.com/2015/05/01/talking-about-money/
I find it interesting that his goals for 2015 seem to be focused on selling his courseware, etc. on optimization, etc.
This is where the Tim Ferris comment comes from...