Comment by tiborsaas
2 years ago
I was much more successful in creating a SaaS product, I've reached almost 3 digits of profits. But I still wouldn't suggest someone to do consulting because it's a different mindset. You can only earn money if you decide to work, while having a working SaaS project has great scaling potential, but I totally agree that it's far more riskier when you factor in opportunity costs.
>almost 3 digits of profits
I hope this is a typo, because $99/mo is nice to have, but I'd honestly consider the SaaS I'm building a failure if it made less than 4 digits a month.
Not a typo, just a snarky joke on the project's total income :)
I guess it depends what level someone considers a failure. It it keeps making money and trends are improving I wouldn't consider it a failure. For example 500 EUR would pay my rent so the bar is lower for me, but sure anything more than 1000 is already nice, especially if it doesn't require constant attention.