eBiz Weekly is a free newsletter packed with tips, insights and opportunities to build your online business. We send it out every Friday to 3,633 legendary subscribers. We also post the content of each email here on the website.
- My July Finance Report
- This is a must-read if you want to get paid to write
- Success is inevitable if…
- An impressive free course for freelancers
- 18 startups hiring for high paying remote jobs ($100,000+)
- Reminder: most of your competition sucks!
- Systems Thinking
- Big Money Gamers
- The Kanye Story
- Long Tail Dating Websites
My July Finance Report
- Income: $2,131
- Expenses: $2,081
So I just about broke even.
Below is a graph from the report showing my progress with affiliate income since starting eBiz Facts last December.
Nice to see it trending upwards.
If the expected payments come through in August I should crack $2000 for the first time 🎉
By the way, the main course I’ve been following to grow my affiliate income is The Authority Site System by Authority Hacker.
This is a must-read if you want to get paid to write
Your dream clients are reading that article and using it as a guide for hiring writers.
You should read it too, and position yourself accordingly.
Related – here are a couple of travel blogs you can pitch for writing work:
Inkwell also has an article listing 14 sites that will pay you $100 or more to write.
Success is inevitable if…
Success is inevitable if you keep moving.
The only way you truly fail at a marathon is to stop taking the next step. Sometimes you’re running, sometimes you’re walking, and sometimes you’re crawling. It doesn’t matter. If you’re moving forward, you will succeed.
An impressive free course for freelancers
I had a look through ~30 minutes of The Freelancer’s Journey and liked what I saw 👍
It’s mainly for web designers, but worth your time no matter what skill you freelance.
If nothing else, watch the 6 videos in the Getting Clients section. I really like the approach they recommend there.
Note that the course is from Webflow, which is a visual website builder. Naturally, they recommend in the course that you build client sites on their platform, but many of the lessons apply just as well no matter what you use.
Also, Webflow is a remote friendly company, currently hiring for about 20 different positions.
18 startups hiring for high paying remote jobs ($100,000+)
Apparently they all pay over $100,000 🤑
Bring your A-game.
Reminder: most of your competition sucks!
I linked to this article in FBB the other day: Avoiding Stupidity is Easier than Seeking Brilliance
A member replied:
This is so true. I am feeling it especially hard as I try to find writers to join my team. 90% of people that respond to my ads are unable to even follow my very clear and simple directions, it really boggles my mind!!!
My favorite was when I made a FB post telling interested writers to please PM me with a few samples of their writing. About 15 people opted to just comment “Interested” on the post. One person messaged me with a sob story begging me that she needs the money really badly, but she has no experience. UMMM not a great way to sell yourself.
So yeah, simply following directions will get you far in this world!
“Systems thinking is the shortcut to creating productivity and impact.”
People who see and understand how a system works and how it’s changing, are well poised to take advantage.
One example is WalMart.
Sam Walton didn’t invent container shipping, he just leveraged that new system to succeed massively in retail 💰
Amazon did the same with ecommerce.
Jeff Bezos understood that the internet was going to be huge. He got in early and executed brilliantly 📈
More and more people are moving from 9-to-5 jobs to flexible, remote work.
(Look at the graph on this page – the growth is ridiculous)
The same way people once moved from working on farms to working in offices.
Generally speaking, working online is still seen as weird and risky.
But it won’t be for long.
Now is the time to take advantage.
Big Money Gamers
Last week I shared a new case study with a YouTube gamer who earns $3000/month 🎮
If $3000/month doesn’t have you reaching for the controller, consider:
- Jacksepticeye – an Irish gamer – earned €14 million in 12 months recently, mostly via views of his YouTube videos.
- Last month a US teenager won $3 million in a Fortnite tournament. (For reference, Tiger Woods took home only $2 million as the winner of the 2019 Masters.)
- The highest earner on Twitch – a live streaming video site dominated by gamers – pulls in an estimated $500,000 per month.
- Almost $112 million has been earned by esports players so far this year, with eight of them pulling in more than $1 million apiece.
Furthermore, the gaming industry is growing massively, so it seems there’s plenty of pie to go round.
The Kanye Story
Entertaining story about how a young entrepreneur got his Kanye West dating website idea to go viral.
25 news anchors coast to coast are discussing my imaginery dating site and I’m just in my bedroom, in my pyjamas with an old Macbook pro making the whole thing up as I go along.
The same guy now runs a site called Marketing Examples which details – you guessed it – examples of great/unusual marketing.
(Best thing I’ve found there so far is Jason Cohen’s cold email pitch – genius!)
Anyway, the Kanye dating site site never amounted to anything, but it did get me thinking…
Long Tail Dating Websites
In eBiz Weekly #28 I mentioned “long tail” social media sites, which are basically niche social media sites with a few hundred/thousand users paying a subscription.
I mentioned 3 examples of such:
- Farnam Street Learning Community —> 750 members paying $149+ per year = $111,750
- LGBTQ Chat —> 5200 members paying $200+ per year = $1,040,000
- World Future Society —> 1800 members paying $200 per year = $360,000
Turns out you have the same thing in the dating industry, only bigger.
A few examples:
- FarmersOnly —> 4.5 million members, premium accounts starting at $11/month 👨🌾
- CatholicMatch —> 1.5 million members, premium accounts starting at $12/month 😇
- MilitaryCupid —> 600k members, premium accounts starting at $12/month 🎖
That’s serious money.
Not that it’s easy to build one of these “long tail” businesses.
I consider them Level 3 online businesses.
Level 1 would be freelancing and remote work.
If you’re just starting out earning money online, stick with one of those.
That’ll do it for this week.
Was there anything above that you found particularly useful or interesting?
I aim to pack these emails with the best tips, tools and resources for growing your online business. Your feedback helps me do that.
Also: feel free to forward this email to a friend, or you can direct them to the online version here: https://ebizfacts.com/ebiz-weekly-31/
In case you missed em, here are the last three editions of eBiz Weekly:
- #30 – A $1 billion business where all 700 employees work remotely
- #29 – Two bloggers who earned $50,000+ last month
- #28 – How a physical therapist earns $4098/month online
- Full archive
Until next week, rock on with your legendary self 💪
Niall Doherty – Ubud, Bali
By the way...
Freedom Business Builder
FBB is a private community of online business builders. Our 300+ members range from people just starting their first online businesses, to experienced online entrepreneurs earning thousands of dollars each month. More info here.
Travel Hacker’s Toolkit
Check out the top resources I recommend for the traveling online business builder. Cheap flights, a jet lag app, free VPN software, and more.
Great Value Courses
My go-to websites when looking to learn or enhance a skill are Coursera, Skillshare and Udemy. They have thousands of courses on many different topics, rated and reviewed so you can easily tell what’s best. Udemy and Coursera are pay-per-course, whereas Skillshare is a subscription model (my preference).
Start Earning Online
Check out our free crash course to help you build an online business, consists of 11 videos and accompanying articles.