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eBiz Weekly #44

Get rich quick businesses are a LIE

This week:

  • 591 Remote Jobs
  • Ultimate guide hack
  • 8 steps to boost traffic + conversions
  • Free service to find your best photo
  • Get rich quick businesses are a LIE
  • Updated Respondent review ($21/hour)
  • Million Dollar Brainstorm
  • Which stock would you choose?
  • 10x more dangerous than the UK

591 Remote Jobs

I’m finding new lists like this almost every week:

AngelList also has 17,000 remote jobs across every industry listed here.

Do let me know if you apply for a remote job and what your experience is like 🙏

Ultimate guide hack

Keep an eye out for these kinds of articles:

Any time you see in-depth guides like that, ask yourself: what businesses would pay me to implement those tips and strategies for them?

The answer will often be: plenty.

Because if you spend a few hours reading through one of those guides, following the links to related resources, and jotting down some notes, you’ll already know more about the topic than most offline business owners.

And that makes you valuable to them 😎

8 steps to boost traffic + conversions

This article from Content Mavericks could also be considered an ultimate guide 💪

It’s essentially an 80/20 approach for creating and promoting content.

I especially like the free and simple approach to keyword research detailed there (see step 1).

Free service to find your best photo

Photofeeler is a free service where you can upload a few photos and learn which represents you best for business 🤓 social 🥳 or dating 🥰

You have to rate other people’s photos before you get feedback on your own (or buy credits if you prefer).

It’s a handy, objective way to pick the best photo for your Upwork or LinkedIn profile.

Related: 8 Keys To A Killer Upwork Profile (eBiz Facts)

Get rich quick businesses are a LIE

So says Sarah Chrisp – a big name in the dropshipping game – in this 15-minute YouTube video.

I’m skeptical of dropshipping for two reasons:

  • Everyone and their grandma seems to be trying it, which usually ain’t a good sign.
  • Most dropshippers don’t reveal what it is they sell, which is understandable, but also unfortunate because it’s hard to verify their claims… which makes dropshipping a great industry for scammers and charlatans.

That said, I appreciate Sarah’s sober take in the aforementioned video 👍

She quotes from thebalancesmb.com:

it normally takes anywhere from six months to several years for a new business to become profitable. So, one of the main problems for people starting small businesses is paying their bills until their new business starts to make money.

Given that, be very careful about quitting your day job to go all-in building an online business. Ideally you’d have at least six months of savings put away before you take the leap.

Related reading: 5 Things You Can Do When You Hate Your Job (eBiz Facts)

Updated Respondent review ($21/hour)

I’ve updated my in-depth review of Respondent with some notes from a reader:

Kevin recently did [a market research study] for Adidas where he earned $100 plus a free pair of Adidas trainers of his choice with a value of $100 – so $200 in total for a 45 min phone interview.

I recently did one for Superdrug answering questions about my choice of shampoo and got $150 for 40 mins.

Click here to try Respondent yourself.

As I wrote in my review, you shouldn’t expect it to provide a reliable or consistent income. But use it wisely and you can earn some decent pocket money 💵

Million Dollar Brainstorm

One of my favorite podcasts of late – My First Million – has a new series called Million Dollar Brainstorm that I’m liking a lot.

In the series, the two hosts – both very successful online entrepreneurs in their own right – brainstorm and analyze a bunch of business ideas they’ve come across, from prayer apps to digital AA meetings to drone light shows.

Check out an episode or two wherever you usually get your podcasts 🎧

(Also, I’m putting together a list of best business podcasts for online entrepreneurs – any recommendations?)

Which stock would you choose?

A quick quiz inspired by the aforementioned podcast…

Which of these companies would be giving you a greater ROI if you’d bought stock 📈 back in 2010?

  • Amazon
  • Apple
  • Dominos Pizza
  • Google
  • Netflix

You’ll find the answer here (cnbc.com)

10x more dangerous than the UK

I’m heading to Thailand 🇹🇭 next week for a conference.

I like Thailand.

But did you know it has the 5th highest traffic-related death rate in the world? 😱

It’s 10x worse than the UK and 2.6x worse than the US. (source: Wikipedia)

Not saying this to scaremonger, but as a reminder to buckle up, wear a helmet, and please take caution when driving/traveling in foreign countries.

Because, for some strange reason, I regularly see tourists here in SE Asia taking risks on the road that they’d never dream of taking back home 😕

And, of course, make sure you have insurance to cover you in case anything does go wrong.

I personally use and recommend SafetyWing, especially after my $9/week policy covered my $4000 Balinese hospital bill for dengue fever a few months back.

You can read my in-depth article about travel insurance for digital nomads here (including why you should NOT use the popular World Nomads insurance).

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-44/

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 – Canggu, Bali
eBiz Facts

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.

Travel Hacker’s Toolkit
Our top recommendations for digital nomads: cheap flights, avoiding jet lag, booking accommodation, a travel-friendly credit card, a free VPN, etc.

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.

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