Can You Get Rich From Coding?
Not all of us want to do management or sales. Many talented and skilled people only want to do what they love most: It can be cloud administration, design, coding, or whatever. They don’t want to open a business and switch to a management role. Can they still become rich, not following the classical Silicon Valley role model?
I worked for a self-made billionaire: consulting for very influential CEOs, managers, and startup founders. I then switched to working with normal IT people: developers, cloud ops, etc. Usually, the successful ones opt for opening companies (or managing big ones) and follow the business classical roles: doing management and sales (which is not necessarily what they really like to do, they do it for the money).
Today, I am giving an alternative roadmap for those who want to succeed while keep doing what they are passionate about. This article contains a list of actions you can take to become more successful, improve your revenue streams, and become satisfied ;)
Read The Books
According to the Pew Research Center, the average person in the U.S. reads about 12 books per year. Successful people read; they read a lot. Reading is a habit that will help you think big and give you the tools necessary to negotiate, improve your technical skills, and stay ahead of others.
But reading may seem a very challenging task for some of us, who like to play videogames, watch Netflix, or chill. So here are some tips on how to hack your way through this essential step for success:
- Read resumes only: You can use apps to provide resumes instead of reading the whole book. The one I use personally is Blinkist: They try to divide the book into easy-to-understand parts called blinks. It will take you around 10 to 15 minutes to finish a book. There are also many good alternatives out there.
- Listen to audiobooks: Audiobooks can be an alternative if you like to listen more than to read. I usually listen to audiobooks on the way to work or when I have a walk outside.
- Read multiple quotes from the books: If you are not motivated, you can still benefit from some quotes. I usually look at quotes saved by people on Goodreads when I have to read the book but feel lazy or that I didn’t find a resume.
- Just skim through the book: It is not a literature class; you won’t be asked to pass an exam. So if you want, you can also skim and get some basic information from the books you like.
Find Better Friends
This is somewhat sarcastic, but the next idea is really about improving your network. You are on the image of those you spend the most time with.
You can’t become a billionaire if all your friends have a negative relationship with money. You want to connect with those who made it big or who are trying hard to do so. Here are some strategies to apply:
- Contact your favorite authors on social media: Authors will be thrilled and look for people like you to have honest feedback on their books, methods, and products.
- Contact blog authors and open source project maintainers: Geeks help anonymous messages. So don’t hesitate to get in touch with that one person who helped you solve a very tough problem. He will be happy to discuss more and share it with you.
- Follow people that inspire you on Twitter and LinkedIn, retweet, and comment on their posts: Be active on Twitter and try always to follow tech trends, programs, and influencing personalities. It may even help you invest better (Yes! I am talking about Elon Musk).
- Give kudos to people who are helping you or think you are great: This will motivate others to feature you too when the right opportunity is presented.
You are the startup.
The next step to follow is to stop waiting for the best moment to open a startup. You are the startup.
“You only have to do a few things right in your life so long as you don’t do too many things wrong.” — Warren Buffett
Here are some products and services you can offer:
- Consulting services: It can be freelance services or with a company. If the company is well known, this can help you with credibility.
- Self-published books: People will love to buy your book If it will help them pass that certification or If it helps them practically master a hard technology.
- Video courses: Creating a course on Udemy or even on youtube for a start.
- Metered medium articles: write articles about best practices and learning roadmaps.
- Technology tests and company reviews.
You can monetize all the above; the next action will explain how these can help you make lots of money.
Build A Community
If you publish one book, sell it for 1$. Then 1M people buy it. How much do you make? The answer is straightforward: 1M$.
Your ultimate goal is to enlarge your community and target a larger audience. This will open up the possibilities for you to sell and to influence more people. The fun fact this has a snowball effect: It will only grow, the more people you influence, the more you will earn, and the more you will reach.
Here are some tips for building a strong and healthy community:
- Share knowledge in Quora and Stackoverflow.
- Report and help on Github issues.
- Share funny and geeky stuff on Twitter and LinkedIn.
- Start a podcast or participate in podcasts.
- Participate and host a meetup and join / host developer groups.
These are the actions I think will help you get rich while still doing what you like. Even keeping your current job. Let me know how It works out for you and if you are already applying some of these in your life today. Best of luck to all of us!