![Keep in touch:
Let me know about:
● Stuff you are working on.
● Crazy ideas you have.
● If you want to know more about anything we’ve discussed today.
----------
Twitter: @quicksorter
Email: tony [at] sfbayml.com](https://image.slidesharecdn.com/sfdatascienceprestony-151123094147-lva1-app6892/85/Making-money-with-Data-Science-24-320.jpg)
Making money with Data Science
- 1. Making Money with Data $cience Tony Tran
- 2. About me ● Spent time doing Data Engineering in Ad-Tech ● Currently consulting ● Organizer of SF Bay Area Machine Learning meetup group: ○ www.meetup.com/SF-Bayarea-Machine-Learning ○ Met A LOT of interesting people working on interesting things ● Interested in creative ways people make money.
- 3. This Talk: ● about real Data Scientists who have found creative ways to make money that doesn’t involve being a full time employee. ● Some stories/names have been modified for privacy reasons.
- 4. Quick Survey: how many people here ... ● Have a fulltime job? ● Have external activities that bring in extra income? ○ pet projects ○ passive income ○ freelancing on the side ● Want to make extra $$$?
- 6. Story 1: Frankie the Teacher
- 7. Story 1: Frankie the Teacher ● Summary ○ Left full-time job as a developer. ○ Started an after school program teaching kids how to code. ○ Income dependent on number of children enrolled. ○ Time investment includes: teaching the course, preparing material, grading assignments, marketing classes.
- 9. Story 2: Jamie the workshop-aholic
- 10. Story 2: Jamie the workshop-aholic ● Summary ○ Had a full-time day job, but periodically taught workshops during evenings and weekends at places such as General Assembly, Galvanize University, etc. ○ Income dependent on number of students enrolled. ○ Time investment: ■ teaching the course ■ preparing material ○ Benefits: ■ No grading required. ■ Marketing and venue taken care of by academies, but they take a percentage of revenue.
- 11. Story 3: Ricky
- 12. Story 3: Ricky the Udemy instructor
- 13. Story 3: Ricky the Udemy instructor ● Summary ○ Started off with in person workshops. ○ Decided to recorded the content from workshops and posted lectures online (Udemy.com) ○ Time investment: ■ creating content ■ recording and editing course material (Udemy may be picky with sound and content quality). ○ Benefits: ■ Write once and collect money (hopefully)! #passiveincome ■ Udemy takes care of “Marketing”
- 14. How you can replicate their results 1. Brain storm topics that you can teach a. Examples: “Intro to Javascript”, “Intro to Python”, “Data Science for Designers b. See what courses are popular by checking past event listings. 2. Reach out to Bootcamps/Academies regarding workshops: a. General Assembly b. Galvanize University 3. Record lessons and post to Udemy
- 15. Story 4: $herm
- 16. Story 4: Sherm the shirt hustler
- 17. Story 4: Sherm the shirt hustler ● Summary ○ Really liked t-shirts! ○ Created a t-shirt brand. ○ Used data science to develop twitter/instagram user engagement strategy. ○ Built software to automate user engagement and user growth for t-shirt business. ○ Licensed software and marketing service to clients.
- 18. How to replicate: ● Tooling: ○ Scrapper ○ Numerical/Scientific analysis ○ Twitter and instagram client library ● Come up with a bunch of user behavior models and test! ○ collect data ○ test models ○ automate strategies that work ● T-shirt validation: ○ https://teespring.com/
- 19. Story 5: Dan
- 20. Story 5: Dan the day trader
- 21. Story 5: Dan the day trader ● Summary ○ Has a fulltime job. ○ Had some money to play around with. ○ Came up with some trading strategies. ■ back-tested strategies ■ coded up execution engine ○ Making money$$$
- 22. How to replicate: ● Algorithmic Trading: ○ Check out Quantopian and Quantiacs ■ Has great introductory tutorials on algorithmic trading ■ If you write your code in Quantopian’s environment, you can run your strategy on interactive-brokers. In other words, you won’t need to develop your own execution engine. ○ Check out Computational Investing on Coursera ● Brokerage with $0 trade fees (https://www.robinhood.com/) ● Podcast: Chat with traders ● Social Media: ○ Twitter ○ Stocktwits
- 23. Summary: ● A LOT of ways people are making money ○ Mentioned: teaching, trading, monetizing software ○ Other ways: recruiting, writing books, blogging, referral sites, etc... ● Don’t wait until tomorrow, you can start today.
- 24. Keep in touch: Let me know about: ● Stuff you are working on. ● Crazy ideas you have. ● If you want to know more about anything we’ve discussed today. ---------- Twitter: @quicksorter Email: tony [at] sfbayml.com
- 25. Question/Challenge: How would you go about making $100 by next week? To hear about more stories/events ⇒ http://bit.ly/datamoney