Here are the key takeaways about making money as a developer, according to the speaker:
-
Professional Web Developer: Landing a job as a web developer is a common and stable way to earn an income, with salaries depending on location. In some areas like Boston, developers can earn between $50k and $108k per year.
-
Freelancing: Offers freedom and the chance to run your own business. While it can be risky due to income variability, it can also be very rewarding. Platforms like Upwork are a starting point, but eventually moving beyond them to direct client interaction is advised.
-
Blogging: As a form of content creation, it can eventually generate income through ads, affiliate links, own product promotion, and sponsorships. Building a social media presence is beneficial to promote the blog.
-
YouTube Channel: Creating video content can be fulfilling, though it should not be done solely for the purpose of making money, as revenue can take time to develop.
-
Live Coding and Streaming: Live teaching of code on platforms like Twitch can bring in income, but it is beneficial to build up an audience first, possibly through YouTube or social media.
-
One-on-One Mentoring: Leveraging your expertise to mentor others is lucrative; some earn over $100 per hour. It's worth starting with free sessions to gain experience before charging.
-
Courses: Creating and selling educational courses can be profitable. It is advisable to build an audience with free content first before selling courses.
-
Digital Products: Selling web apps, plugins, themes, templates, and other digital tools can generate additional income. Building and selling these products can range from passive to active income sources.
-
Open Source Contributions: You can make money by creating open-source products through platforms like Patreon or GitHub Sponsors, or by offering a paid version with more features.
-
Software as a Service (SaaS): Developing a hosted product licensed month to month can be profitable. Success requires significant dedication and time, but the financial rewards can be substantial for a successful SaaS.
For more details and in-depth strategies on each of these methods, the speaker recommends checking out Florin's eBook, which includes a promo code for a discount.