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32 lines
1.9 KiB
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32 lines
1.9 KiB
Markdown
---
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title: The Importance of Income
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date: 2015-11-02
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---
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#### It's scary how much a small number can mean
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I'm preparing myself to start launching a long-term project that I have
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been working on for the past few months. It's something I'm going to be
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doing on the side and I don't hope to earn much of a living off
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it -- for one simple reason. Per month, if the service takes off, I'd
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have to pay around $108.88USD.
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I don't really know how that compares to other startups. But considering
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it's a (so far) one man operation and I'm not expecting to make a living
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off it, I think it's rather cheap compared to something like
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[Twitter](http://www.amazon.ca/Hatching-Twitter-Story-Friendship-Betrayal/dp/1591847087). Also, about $99 of that wouldn't need to be accounted for (pun unintended) until I hit around 500 users, which would mean at least the first couple of months would only cost me \$9.88, out of pocket. The \$99, by the way, would be for the 'Startup' level of [UserApp.io](https://www.userapp.io/), which I am using for user accounts and payments -- I could ditch it in favor of my own user system (and in fact at some point I plan to), but for now I don't want to focus on that, and therefore must pay the price when I hit the user cap.
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So how can I make the project self-sufficient? Well, donations will be a
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big part of it. There will be two ranks -- a $5 and a $15 -- that will hopefully be able to manage the upkeep cost. These will also be
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monthly subscriptions, which means if as little as 20 users (out of the
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500 cap) bought the $5 rank, that would be $100 I wouldn't have to
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worry about. A minimum of 8 people buying the $15 rank would make the
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entire project entirely self-funded, at $120 a month of income.
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Now this is making a lot of assumptions, such as if the project will
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actually take off, or if 20 people in 500 donate, but I think it's a
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decent assumption that it will work.
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Another important factor is investors, but I can cover that another
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time.
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