eBiz Facts is reader-supported. When you buy through links on our site, we may earn a commission. Learn More

eBiz Weekly #38

$8000/month from a small podcast

This week:

  • $8000/month from a small podcast
  • Use this to wow a prospective client
  • You need to charge more $$$
  • Make music (and money) online
  • Leave Me Alone
  • The unacceptable middle-ground
  • Borderline predatory
  • How we doubled our traffic in 12 months
  • Italy: the next remote work hotspot
  • Honest Newbie

$8000/month from a small podcast

The creator of the Disrupting Japan 🇯🇵 podcast writes:

It turns out that if you want to make a living from a small podcast, its best to ignore most conventional advice. At least, thatโ€™s what I had to do.

Turned out pretty well for him:

Nine months after going pro, I had an amazing group of sponsors and about 4,000 listeners. I was releasing an episode each week, with three ads per show at $680 per insertion, and earning a bit of additional revenue selling banner ads. I was earning well over $8,000 a month, and since I was still a one-man show with minimal advertising costs, this was mostly profit.

Use this to wow a prospective client

In a 10-minute video, Rob from Fox Web School shares a simple-but-powerful sales plan you can use to 🤯 prospective clients.

He explains it in the context of selling web design services, but the same approach would work well for pretty much any freelancer.

(Definitely check out Robโ€™s video on SPIN Selling as well if you havenโ€™t already.)

You need to charge more $$$

A study by the American Medical Association โ€“ described on Reddit โ€“ explains why you should charge more for your services:

82 participants received two small electric shocks. One before taking a pain killer and one after.

In group 1, they told them the pain killer cost 10c, and they reported less pain 61% of the time.

In group 2, they told them the pain killer cost $2.50, and they reported less pain 85% of the time.

But the twist was that both pain killers were actually placebos.

The reduced pain was all in their head.

So a high priced placebo reduces pain way more than the cheap one. This highlights the powerful link between price and perceived quality.

The key takeaway:

Higher prices makes your services more desirable.

Not more desirable for everyone, of course.

But there are plenty of clients out there who will take you more seriously if you quote a higher price.

Make music (and money) online

Ableton have a nifty series of lessons that teach you the basics of music making 🎶

My friend Emmett Cooke has earned a good living as a freelance composer for many years, making music for big name clients.

I asked him about Ableton and he replied:

It’s brilliant for beginners. Ableton in general is geared more towards electronic music overall but it can be used for any style of music.

Once your skills are up to scratch, this looks like a solid guide to finding paid music gigs online.

Leave Me Alone

Love this web app that lets you โ€œsee all of your subscription emails in one place and unsubscribe from them with a single click.โ€

Better yet, theyโ€™re a freemium SaaS business that does the open startup thing, meaning you can view their daily revenue and a bunch more metrics here.

They hit a nice spike earlier this week that might prove a game-changer 🚀

The unacceptable middle-ground

Enjoyed this podcast interview with blogger Will Hatton, “who converted his passion into a 9-business empire making 7 figures in revenue.โ€ 💰💰💰

On the topic of passion, Hatton had the following to say (paraphrased from about the 58m mark):

You have to figure out what’s more important: to be directly involved with working on your passion, or to be involved in something else, which allows you to fund your passion.

And I think as long as you’re doing one of those, you’re okay.

The unacceptable middle-ground is when you are working a job you hate which also pays you very little, and therefore doesn’t give you the freedom to follow your passion.

If you are stuck working a job you hate, there are only 5 things you can do.

Borderline predatory

I mentioned Stripe Capital in a recent newsletter (#35), saying it could be better than a bank for getting a business loan.

Now a tweet storm has me thinking twice:

Clearbanc, Shopify, and Stripe have all launched their own version of the same type of loan.

The loans seem sexy and cheap, but they’re definitely not.

They’re borderline predatory. Let’s take a look at why…

In short, once you crunch the numbers, the deal donโ€™t look so sweet 😕

How we doubled our traffic in 12 months

Great post from Location Rebel detailing the 9 things they did to double traffic

And no, they didnโ€™t just ramp up content production.

More the opposite: they actually deleted 25% of their posts 🚮

Italy: the next remote work hotspot

This report might have you packing your bags for Italyย 🇮🇹

From 2020, an individual such as an employee, a self-employed professional, a manager or an individual entrepreneur shall be subject to Italian personal income tax on only 30% of the income once they become resident in Italy.

The individual must not have not been tax resident in Italy for the previous two years and they must remain in Italy as a tax resident for the following two years and carry out most of their work activities in the country.

It gets better: go live in the south of Italy and youโ€™ll only be taxed on 10% of your income.

Combine this with houses selling for โ‚ฌ1 in a Sicilian village, and youโ€™re looking at some serious geo arbitrage 😎

Honest Newbie

It can be hard to get hired on freelance platforms like Upwork when youโ€™re competing with established freelancers with loads of positive reviews.

If you find yourself in that position, try the Honest Newbie approach described here.

Youโ€™ll see the exact cover letter a freelance graphic designer used to land ongoing work 🥳

You can do that, too.

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, insights and opportunities for building 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-38/

In case you missed em, here are the last three editions of eBiz Weekly:

Until next week, rock on with your legendary self 💪

Niall Doherty โ€“ Ubud, Bali
eBiz Facts

PS. Iโ€™ll be publishing a review of another affiliate marketing course next week.

Thankfully, this one is much better than Wealthy Affiliate.

Stay tuned 😉

By the way...

Recommended Resources
Check out our collection of the best tools and resources for building an online business. Web hosting, email marketing, productivity, top-rated courses, etc.

Free Courses
A massive list of FREE Udemy courses to help build your online business. We only list top-rated courses โ€“ minimum 50 ratings โ€“ and update every 24 hours.

Find A Remote Job
See our list of the best websites for finding a remote job, based on 100+ hours of research and testing.

Start Earning Online
A free crash course to help you build an online business, consists of 11 videos shot in Spain, Russia and Montenegro.

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.

Facebook + Twitter
If you enjoyed the above, come follow eBiz Facts on the socials. We share this kind of content regularly on Facebook and Twitter.

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
About The Author

Leave a Comment

Your email address will not be published. Required fields are marked *

1 Comment