Leveraging his extensive experience at top tech companies, Joma challenges himself to build a venture that makes $10,000 a month. This series explores the difficulty of making money online.
Link to this point #1Joma 2nd Channel
I'm Building an App to Make $10,000/Month
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Overview
This is the first episode of '10K or Bust,' a series documenting Joma's journey to build an app that makes $10,000/month. To find startup ideas in the age of AI, he examines three approaches: solving his own problems, leveraging his skills, and solving problems others avoid. Ultimately, he explores ideas utilizing AI image and video generation.
Key points
Three ways to find a startup idea: ① Solve a problem you have yourself, ② Find a problem you can solve better than others, ③ Find a problem that no one else wants to solve.
Link to this point #2Solving your own problems, like Airbnb did, provides a competitive advantage in product sense and customer empathy.
Link to this point #3Utilizing AI coding agents, Joma built his own image and video generation platform. He demonstrated character and video generation with models like Gemini, but the needs of others are unclear.
Link to this point #4Visual AI gains approximately 6.5 times more downloads than text chatbots. PixVerse, Aura, Epik, and Lensa AI are generating high revenues.
Link to this point #5Midjourney achieved over $200 million in annual recurring revenue while being completely bootstrapped (no venture capital). OpenAI's ChatGPT earned an estimated $70 million in revenue in 28 days due to enhanced image capabilities.
Link to this point #6The success factor for viral AI image and video trends is 'narcissism.' People want to see stylized versions of themselves, such as 'Ghiblification,' 'AI Action Figure,' and '90s yearbook-style photos.'
Link to this point #7Korean studio-style photoshoots are expensive, costing $200 or more. If AI can achieve similar effects affordably, it could compete with existing AI headshot apps.
Link to this point #8Joma successfully generated more attractive images by training his photos with LORA and using Z Image Turbo and ComfyUI (details in the next episode).
Link to this point #9In image and video generation forums, there is a clear demand for adult content generation, but he is hesitant whether to pursue it due to ethical concerns.
Link to this point #10Put this knowledge to work.
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