How Much Is My Side Project Worth?

Find out how much you can sell your side project for 🏷

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#1 Product of the WeekJanuary 01, 2019
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Find out how much your side projects are worth and how much they can sell for.

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Reviews

  • Milan M
    Milan Mmilanmotavar.com
    Pros: 

    None. Looks like just some random calculations.

    Cons: 

    Not well thought out rough product.

    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.

    Milan M has used this product for one day.
  • Andrey  Azimov
    Andrey  AzimovAndreyAzimov.com
    Pros: 

    This tool could help if you don't have any idea about how much you side project could worth as I have.

    Cons: 

    Didn't find so far

    Would be cool to see examples of closed deals and numbers of other side projects

    Andrey  Azimov has used this product for one day.

Discussion

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Pieter Levels
Pieter LevelsMaker@levelsio
🥂🍾🎇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. 🤔 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. 💡Solution 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. 😋
Aaron  O'Leary
Aaron O'Leary@aaronoleary · Community @producthunt. Nontechtech
@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!
Sam Dickie
Sam Dickie@thisdickie · Product Manager Maker NoCode & BetaTesta
This is super handy 👏🏻 I just updated a piece I wrote last year on selling your side project and added a link to this calculator 👇🏻 https://hackernoon.com/top-5-mar...
Graham Seymour
Graham Seymour@seymourgroup · Growth Consultant & vCMO @ TSG
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.
Pieter Levels
Pieter LevelsMaker@levelsio
@seymourgroup Thanks Graham! My name's not Lev, but I'll take it!
Graham Seymour
Graham Seymour@seymourgroup · Growth Consultant & vCMO @ TSG
@levelsio I was going for "short for levels.io, Lev" - I'm.aware that you're Pieter. 😃 - anyway, cool project.
Pieter Levels
Pieter LevelsMaker@levelsio
@seymourgroup HAHA got it
Graham Seymour
Graham Seymour@seymourgroup · Growth Consultant & vCMO @ TSG
@levelsio 👏👏👏
Chip Dong Lim
Chip Dong Lim@chipdonglim · Digital Product Designer in Healthcare
Love the simplicity! Reminds me of some financial tools I've come across 💰 Not sure if it's a bug–but when I increase the time spent it actually didn't affect the final value of side project.
Chip Dong Lim
Chip Dong Lim@chipdonglim · Digital Product Designer in Healthcare
@levelsio Awesome, works now! Upvoted as well 🔼
Graeme
Graeme@graeme_fulton · Making Prototypr.io and emailOtter 🐭
useful starting point! How far would you say intangible things such as brand come into valuations?
Pieter Levels
Pieter LevelsMaker@levelsio
@graeme_fulton Thanks Graeme. Surprisingly much less than me/you'd expect. Unless it's strong brands like Airbnb, Google and maybe even Lonely Planet, it doesn't have that much effect. A brand like Nomad List is strong in a niche, but not well known in mainstream. So realistically not that valuable.
Graeme
Graeme@graeme_fulton · Making Prototypr.io and emailOtter 🐭
@levelsio thanks for the insight Pieter, so we must make the revenue live up to what the brand deserves!
KP
KP@thisiskp_ · Maker, entrepreneur, product nerd
@graeme_fulton @levelsio Man that is a harsh reality check for all of us makers. Pieter has done a great job and turned NomadList into a fantastic brand in the niche but a lot of outsiders don't really know about it. (as opposed to let's say MailChimp or Dropbox) Lesson: Focus more on revenue than brand?
Graeme
Graeme@graeme_fulton · Making Prototypr.io and emailOtter 🐭
@levelsio @thisiskp_ I think both are important, but it depends on the founder - whether you are building to sell and make money, or if you are building for the love of the product and audience. MAybe both, do it whichever way resonates with you there is no rulebook