Summary of "12 Ways to Make Money with CODING"

The video "12 Ways to Make Money with CODING" outlines a variety of financial strategies and business models for leveraging coding skills to generate income. It presents both traditional and entrepreneurial approaches, highlighting pros and cons for each method. The main strategies and insights are:

12 Ways to Make Money with Coding

Salaried Employment
- Work full-time at a tech or non-tech company needing software development.
- Pros: steady income, benefits.
- Cons: limited freedom, risk of layoffs, fixed schedule.
Freelancing
- Find clients independently or via marketplaces like Upwork or Fiverr.
- Pros: flexibility, potential for high billing rates if sourcing own clients.
- Cons: inconsistent workload (feast or famine), constant need to learn new tech.
Starting a Software Development Agency (Micro Agency)
- Act as principal developer and sales lead, hire freelancers to scale.
- Pros: leverage margin between contractor pay and client billing.
- Cons: need to build a steady lead funnel, risk of fixed salary expenses if hiring full-time.
Productized Services
- Offer a specific service for a flat fee or subscription (e.g., WordPress tweaks, video editing).
- Examples: WP Curve (sold to GoDaddy).
- Pros: scalable, predictable revenue.
- Cons: requires specialization and process optimization.
Building Custom Apps or Plugins for Marketplaces
- Develop extensions for platforms like monday.com (which has a large user base).
- Pros: tap into existing customer base, recurring revenue potential.
- Strategy: focus on niche, reuse frameworks, leverage marketplace ecosystems.
Teaching Coding Online (Courses, Tutorials)
- Create and sell educational content via one-time sales or subscriptions.
- Examples: Frontend Mentor, Boot.dev.
- Pros: scalable, builds an asset that sells repeatedly.
Private Coding Classes (One-on-One or Group)
- Teach coding locally or online through tutoring or classes.
- Pros: high-touch, potentially higher hourly rates.
- Cons: limited scalability.
Tech Blogging and Content Marketing
- Write technical blog posts, tutorials, newsletters, or eBooks for others or own audience.
- Example: Draft.dev by Carl Hughes.
- Monetization: direct client work, ads, sponsorships, product sales.
Creating a YouTube Channel Focused on Coding
- Build an audience around a programming language or topic.
- Example: Programming with Mosh.
- Pros: advertising, sponsorships, and affiliate revenue.
Developing Themes or Frameworks for CMS Platforms
- Sell themes or frameworks on marketplaces like ThemeForest or Shopify.
- Examples: Tailwind CSS, WooCommerce.
- Pros: passive income from one-time sales, scalable with traffic.
Developing Mobile Apps
- Create and sell apps on Apple App Store or Google Play.
- Cons: competitive, B2C focus, less predictable revenue.
Building SaaS Products
- Develop subscription-based software products.
- Pros: recurring revenue, scalable business model.
- Cons: complex, not ideal for beginners, requires longer-term commitment.

Methodology for Choosing Which Path to Pursue

Assess your current coding skills and natural interests.
Identify any unique advantages or complementary skills (e.g., being comfortable on camera, teaching ability).
Consider your goals: side income, full-time career, entrepreneurial ambition.
Match your choice with your personality and long-term objectives.

Additional Insights

Freelancing and agency work require constant lead generation and client management.
Productized services and marketplace apps benefit from specialization and repeatability.
Teaching and content creation build assets that can generate passive or semi-passive income.
SaaS is often seen as the ultimate goal but is complex and not a typical first step.

Presenters / Sources

The video is presented by a coding entrepreneur and educator (name not explicitly mentioned).
Sponsored by monday.com, which provides a platform and marketplace for app development.
References to individuals and companies such as Brian Castle (Restaurant Engine), Carl Hughes (Draft.dev), Programming with Mosh, Frontend Mentor, Boot.dev, and mate kovat (microcom community).

This summary captures the main financial strategies, business trends, and practical advice shared in the video about monetizing coding skills.