I recently finished the Masterclasses from Alex & Rahul where Alex & Rahul discussed building apps as side projects to put on resumes. Also in another masterclass talking about the random name picker, Alex mentioned he monetized his app & got $100 from premium users.
AFAIK, anything above $400 must be put onto tax return. I'm thinking about developing a small side projects & put maybe ads / premium restrictions on some features. If I do this, how do I avoid conflicts of interest with my 9-5 job, especially if the revenue coming in may way surpass $400? I'm working for a large tech company that essentially do everything hence it's hard to find a business area where the company isn't involved in.
This is actually another reason why I really dislike monetizing side projects actually: Not only does it add operational and product complexity, it adds life complexity from work conflict-of-interest and taxes!
If you really want to make some $$ from your side projects, here's what you can do:
For additional insights on making money on the side: "What are some of the side income or passive income sources you can suggest?"