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Inflection Points
What about coming up with ideas in the first place? Charles Ngo recently wrote about market inflections, which he considers the easiest way to think of million dollar ideas 💰 One of the six inflections he mentions is “platform inflection”: think about all the businesses built off of YouTube, Facebook, the Apple App store, and Amazon.…
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Using Reddit to validate business ideas
Some food for thought in this Reddit post: A few months ago, I saw a reddit post take off […] Hundreds of commenters […] were begging for access to this “python script”, that may or may not have existed. But whether it existed, or was just a photoshopped picture with a landing page really didn’t matter.…
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Sam Parr – Founder and CEO of The Hustle
How does Sam make money online? Sam makes money online in many ways, but his largest source of income likely comes from The Hustle, a media company he started in 2014. The Hustle is primarily a free daily newsletter with a focus on business and tech. As of this writing it is reported to have…
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Get $30 Cash Back When Shopping Via Rakuten
Kerry doesn’t really exist. She’s our avatar to represent a typical person earning cash back by shopping online with Rakuten. Rakuten is a website that gives you up to 40% cash back at over 2,500 stores like Macy’s, Old Navy, Apple and Nike. Say you buy something from Macy’s via Rakuten’s platform. Macy’s then pays…
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She Turned $30 Into $150K Playing Online Slots
A recent success story posted on PlayNow.com… Deborah S. will soon be jetting off to Greece, thanks to her recent $150,180 Lock it Link – Night Life slot win on BCLC’s PlayNow.com. The Chilliwack resident was camping in her fifth-wheel camper on August 9, 2024, when she decided to play the online slot game while…
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Jonas Gjelstad – Co-founder of Trademate
How does Jonas make money online? Jonas makes money online in several ways. Including: Betting on sportsJonas bets money on all kinds of sporting events. Online pokerJonas plays poker online and offline. TrademateA company Jonas co-founded that provides an analysis tool for bettors. “We calculate the true odds of a sports event and signal when…
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Foxy Michael – Matched Bettor
How does Michael make money online? Michael probably makes money online in several ways, but for the purposes of this profile I’m just focusing on the money he’s earned from Matched Betting. As per OddsMonkey, “matched betting is a technique that allows you to make money from the free bets and deals offered by online…
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California’s First Millionaire
From the end of an article about MasterClass… Lately, I’ve been thinking about how prospectors in the California Gold Rush rarely struck it rich. In 1849, the ones who did well were those who supplied prospectors with shovels, tents, and jeans—they kept the dream alive. Samuel Brannan, who sold shovels and other goods, was considered California’s…
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26 years old, $29k a month
Preetam Nath is a co-founder of SuperLemon, a WhatsApp plugin for Shopify e-commerce stores. It basically allows an online store to communicate with visitors and customers via WhatsApp. Earlier this month Preetam wrote that SuperLemon’s revenue had reached $29,000 per month with a 70% gross margin 🤑 And last month he wrote on his personal blog: 14 months ago, my…
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How To Lose
Words from three-time Olympic gold medalist Wilma Rudolph 🏅 via James Clear’s newsletter: “Winning is great, sure, but if you are really going to do something in life, the secret is learning how to lose. Nobody goes undefeated all the time. If you can pick up after a crushing defeat, and go on to win again, you…
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An ebook that earned $61,392 in 3 days
I wrote a bit about Adam Wathan’s multi-million dollar side-project in last week’s newsletter. Turns out Adam has also earned $2.5 million the past few years selling books and courses about software development 💰 How did Adam get started? He wrote a book in 2016 called Refactoring to Collections – yeah, I don’t know what that means either 🤷♂️ – which earned him…
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3x revenue in only 4 weeks
The folks at Income School took someone’s affiliate site that was earning $492/month and increased it to $1632/month in a few weeks 📈 They show what changes they made to the site in this video. Some good tips and ideas there that you might be able to apply to your own site… I’m very skeptical though…
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Porter’s Five Forces
In 1979 a Harvard Business School professor named Michael Porter came up with a framework “to analyze an industry’s attractiveness and likely profitability.” 🤓 It’s explained concisely in this article and video. The five forces: Could be a handy framework to help you assess a business idea (though it does have its critics).
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The First Billion-Dollar YouTube Business?
It could be a kids’ channel called Cocomelon, according to a recent Bloomberg article: Cocomelon is the most-viewed YouTube channel in the world. In the average month, its animated videos are viewed more than 3.5 billion times, which means they are more popular on YouTube than Taylor Swift, Netflix and ESPN combined. Here’s a 4-minute Cocomelon…
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Chefs and Cooks
Also from that Tim Urban article: Chefs look at the world with fresh eyes and build conclusions based on what they observe and what they’ve experienced. Cooks arrive at conclusions by following someone else’s recipe—in the case of careers, the recipe is usually conventional wisdom. […] cooks improve at a snail’s pace, because their strategy is…
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