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Ask HN: What is your side hustle? How much money does it make you?

25 points| good_vibes | 8 years ago

Just curious and wanting to learn how you started and scaled.

45 comments

order

meric|8 years ago

Trading cryptocurrency - in stock markets charting, Elliot wave don't really work as well (or not easy to use), you're trading against hyper experienced investors. In Bitcoin, ethereum, there is broad participation by less experienced investors and speculators, and there is much more emotions in the chart. It makes technical analysis very easy, because the patterns are obvious, easy to spot, much less likely to be manufactured. The transaction fees are also low allowing small positions. So when I see an opportunity I just put $500. Next thing you know I'm up $200 and I cash it out. One more thing is if I'm ever wrong, cryptocurrency is in a bull market, and the position would always get rescued as long as I am patient. Of course I do have discipline and do cut my losses. Transaction costs is cheap, and opportunities are frequent, so it's easy emotionally to do it. I have a few grand this year which is nice.

I do have a lot of money in stocks and with those I don't do nearly as well but clearly I learned enough to make a quid or two in crypto markets.

calpas|8 years ago

Hello meric, where can I learn to trade cryptocurrency? Do you have any advices for learning?

ryan21030|8 years ago

I do freelance coding work in my spare time and try and combine it with some open source stuff too as a way of boosting my web presence. I recently made £500 in a month doing work in my spare time, not a huge amount but add on a full time job, it's nice to have the extra income.

Link to my latest project - https://github.com/DrRoach/DynamicImage (It's a dynamic image generation library if you're interested)

malux85|8 years ago

Nice work Ryan - This is how I started too! Keep going my friend!

rasmus1610|8 years ago

I flip stuff on ebay and/or craigslist (or the german equivalent). I want to experiment a little bit with retail arbitrage on amazon fba too.

It is really easy to get started (just sell stuff that you can find in your house and don't need anymore) and I really like this treasure hunt feeling when entering a thrift store or looking for clearance.

made me so far around 300€ in less than 30 days and still have inventory left for about 150€. and I'm still learning what might sell and what not.

vram22|8 years ago

>It is really easy to get started (just sell stuff that you can find in your house and don't need anymore) and I really like this treasure hunt feeling when entering a thrift store or looking for clearance.

Interesting. What is the process for getting started and then doing it? Can you provide some links? And by flip I suppose you mean buy and then sell?

sd_sangit|8 years ago

Awesome. I'm trying to get into flipping stuff on amazon. There's an awesome site www.qikflips.com which lists details about products which are on discount. You should check it out.

nitramm|8 years ago

My experience is that hardest part is marketing.

Yesterday I have launched https://submit-sitemap.com and I have shared link to it on various platforms. How much traffic I got:

- reddit - side project - 4

- hacker news - 11 (+2 from different aggregators)

- I have added link into 2 communities on Google+ with around 200k people - 3

- producthunt - 3

- Facebook where I have shared it in group with 5k people - 5

- StumbleUpon - 1

And I think that I can subtract 1 from these numbers since I have clicked on them myself to test if those links works. :)

nitramm|8 years ago

Explanation for StumbleUpon is, that I am sending X-Frame-Options DENY, so it never loads there. This explains no traffic from there.

shubhamjain|8 years ago

Are you sure sitemaps are important to website owners these days? I haven't heard anyone talk about them in a long while.

faet|8 years ago

I pay people to ghostwrite books for me. I then list them on Amazon and market them. I started 2 years ago and have been putting out about 1 book/mo.

Last month I made ~$4.5k

_jdams|8 years ago

Not expecting you to share one of the books with me, but I was looking to get into this as well. I am assuming they are small, niche-specific books.

Do you perform all of the keyword research ahead of time (before finding your writer), and build out an index/table of contents so that every chapter in the book is planned ahead of time, or do you leave all of the research, chapter creation, and writing for the ghostwriter?

csixty4|8 years ago

https://statetable.com

~ $30/month from donations covers my Digital Ocean bill for the month.

I'm also trying to get some sales & affiliate revenue going with athletic wear designs on Zazzle. Starting with a niche to get rolling then probably expanding to more general designs. The biggest problem I've hit so far is their fulfillment times & prices.

shanecleveland|8 years ago

Any revenue from the ad?

Artlav|8 years ago

Making various things, explaining various misconceptions, playing with blockchains.

Makes me zero money and some knowledge.

angryasian|8 years ago

NL holdem live only. This month I'm at about +$80 an hour.

mod|8 years ago

Stakes? Rough location?

richardknop|8 years ago

Trading forex CFDs (contract for difference), gold, oil, grain futures.

le-mark|8 years ago

A rental property, earns about $400 a month in principal paid down.

SirLJ|8 years ago

algo trading and I am pretty happy with the profits...

idoh|8 years ago

Thanks for filling out your profile! Helped give some background.

bradknowles|8 years ago

I'm curious as to why you call it a "side hustle"?

Is the term "hustle" not extremely negative to you?

Merriam-Webster defines "hustle" as to push or shove someone in a rude way.

Urban Dictionary says "Anythin you need to do to make money... be it sellin cars, drugs, ya body. If you makin money, you hustlin."

Obviously, you don't seem to think that the word "hustle" has negative connotations, so I'm wondering how you came to that view?

le-mark|8 years ago

I hired some movers once, these guys really 'hustled'; they moved quickly and worked efficiently. You can say this of a sports team as well. It is a colloquialism with good and bad connotations. Someone who has hustles can be seen as getting things done. The negative is a 'hustler' someone who gambles on games of skill pretending they're worse than they are to draw people in[1] ie crooks or con artists.

[1] http://www.imdb.com/title/tt0054997/

toptalkedbooks|8 years ago

I don't like "side hustle", I'm really working hard.

quickthrower2|8 years ago

It's the colloquial term now. Hussle can mean just making money.