I’ve been messing with Facebook Apps for about 2 months now, and generated a nice little revenue stream during my run.
In late October I paid a guy from Australia $50 to code me a quotes application. I also used some tutorials to build an RSS reader/publisher for Facebook Apps.
Since then I launched 3 main apps: UIS Prairie Stars Newsflash, Butler Basketball Tracker, and LOLCat Bible Verses. I never really had the time to grow the LOLCat app like I wanted to, but built a decent user base (400). The Butler Basketball Tracker peaked around 600 users, and the UIS app hit a high of about 20 users. (I really can’t understand how inept UIS students are when it comes to the internet/social media. Seriously. Say the word blog or RSS and they’ll shrug and look at you with a blank stare.)
So on the side I started selling the code that I had tweaked to work for me. I would post the availability of it on message boards and kind of decide a price based on how interested the person seemed. Here’s what I ended up with over 2 months:
RSS App: $40, $50, $75, $60, $50 = $275
Quotes App: $50, $75, $65, $45 = $235
Total = $510
And today I put the LOLCat Application itself up for sale for $300 and it sold within a few hours. Total profit = $810. Nice little 1620% increase from the initial $50 I spent to get some code going. Pretty sweet. Helps pay for those gadgets that I love without my wife freaking out.
Question: Do I need to get a 1099 from Facebook for taxes? Haha
ALRIGHT — Off to go buy our house!!! Wish me luck.