How Much Is My Side Project Worth?

Find out how much you can sell your side project for ๐Ÿท

#1 Product of the WeekJanuary 01, 2019
+1

Find out how much your side projects are worth and how much they can sell for.

Discussion
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21 Reviews1.2/5

I am attaching a screenshot here with some actual data for a lyrics website.

It is showing the worth in negative. How is that even possible?

https://imgur.com/ce9CofE

Am sounding a little harsh as many people will try this tool out as it is built by a star maker and then will be disappointed due to the poor numbers.

Pros:

None. Looks like just some random calculations.

Cons:

Not well thought out rough product.

Thanks Milan! Your example shows $1,000/year revenue, with $300/year costs, and a net income of $700. It also shows you've put 10 hours per week into it (as the owner) with an estimated $25/hour rate. That means $13,000/year of your time. With only $1,000/year revenue, that's a $12,000/year loss. A new owner will have to do the same work as you, so that means a negative value for now. I've added this now: "Your own labor cost/y: $13,000 Net income is reduced by the cost of the time you put in at your hourly rate. "
๐Ÿฅ‚๐Ÿพ๐ŸŽ‡Happy 2019, Product Hunters! Here's a mini side project I just made on the first day of this year, that I thought might be interesting for people here launching their own projects, and possibly thinking of selling them at some point. ๐Ÿค” Problem @andreyazimov just sold his side project MacBook Alarm: https://medium.com/@AndreyAzimov... And we just had a big discussion about getting your projects acquired on Twitter: https://twitter.com/levelsio/sta.... For many it's unclear what their side projects are worth. Many want to sell, or have people interested in buying but have no idea how to get to a proper price. I definitely didn't. ๐Ÿ’กSolution This calculator helps you figure out a base price to aim towards when negotiating selling your side project. Because not knowing what your product is worth puts you in a bad spot for negotiation! This is just a start: I now base it on net income (revenue - costs), multipliers by industry (sales price being usually a multiplier of net income), and growth rate multipliers (higher growth increases sales price). I'll keep adding more possible variable inputs and variations. If you have feedback or ideas, please let me know and I'll implement them ASAP. ๐Ÿ˜‹
@andreyazimov @levelsio Been following your tweets regarding startup valuation, cool to see you put your thoughts into an actionable product! Good luck with the launch!
This is super handy ๐Ÿ‘๐Ÿป I just updated a piece I wrote last year on selling your side project and added a link to this calculator ๐Ÿ‘‡๐Ÿป https://hackernoon.com/top-5-mar...
Well this is just stellar. Lots to improve, but the core, underlying philosophy is both salient in it's value & prescient in light of a new year, as many of us contemplate our myriad side projects. I see lots of potential here, albeit constrained by only the most common of beta imperfections. Keep up the great work, Lev.
@seymourgroup Thanks Graham! My name's not Lev, but I'll take it!
@levelsio I was going for "short for levels.io, Lev" - I'm.aware that you're Pieter. ๐Ÿ˜ƒ - anyway, cool project.
@levelsio ๐Ÿ‘๐Ÿ‘๐Ÿ‘
Love the simplicity! Reminds me of some financial tools I've come across ๐Ÿ’ฐ Not sure if it's a bugโ€“but when I increase the time spent it actually didn't affect the final value of side project.
@levelsio Awesome, works now! Upvoted as well ๐Ÿ”ผ