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- How to get rich (without getting lucky)
- 50% of top Shopify stores are in this niche
- If you ever feel like a fraud…
- 375 full-time remote jobs
- How I worked from 45 countries in 7 years
- 90+ free places to post about your startup/launch
- Scammers hate this YouTube channel
- Grumpy Website
- Earning $50k from intentionally crap games
- Surprising ways to make money online
- Finally published this…
How to get rich (without getting lucky)
Here’s a famous Twitter thread about getting rich by a thoughtful entrepreneur, investor, and all-around rich guy named Naval Ravikant.
He’s since expanded on those ideas in other formats:
I’ve been listening to the podcast version on and off the past week, training my brain to be better at business 🧠
50% of top Shopify stores are in this niche
According to data shared on Reddit, it’s the fashion niche 👚
Other points of interest from that thread and the full data set:
- 93% of the 100 stores are using Facebook ads
- Killer combination: branding up + niching down
- JB Hi-Fi gets half the traffic of Fashion Nova but earns 14x the revenue ($351 million/month!)
(One caveat: as noted in the Reddit comments, the data set doesn’t include “headless” Shopify stores – ie. stores which use the Shopify backend but are hosted independently.)
If you ever feel like a fraud…
Congratulations, you’re in great company!
Here are a whole bunch of successful people who have admitted to feeling like an imposter at one time or another:
Neil Armstrong, Jodie Foster, John Steinbeck, Meryl Streep, Chris Martin, Tina Fey, Cheryl Strayed, Elizabeth Gilbert, Jennifer Lopez, Daniel Radcliffe, Lady Gaga, Emma Watson, Denzel Washington, Sheryl Sandberg, Tom Hanks, Will Smith and Kanye West.
(Just kidding about the last one 😂)
As noted in my article about rapid skill building, a study found that 70% of people suffer from “imposter syndrome,” but that doesn’t have to stop you from accomplishing your goals.
It didn’t stop Alison Rakoto, our latest interviewee on eBiz Facts.
She felt like a fraud at times, but still managed to build her online business to $6500/month while raising kids in Madagascar 🇲🇬 and never working crazy hours.
375 full-time remote jobs
That’s how many I saw listed on Hubstaff Talent this morning.
255 of them apparently pay more than $75 an hour 💰
Related: you might want to check this guide by We Work Remotely before applying to or interviewing for a remote job. It’s written for folks who actually do the hiring, will give you some good insights into what they look for.
How I worked from 45 countries in 7 years
This article I wrote for the Irish Times a couple of years back has been doing the rounds on social media lately.
I’m definitely biased, but I reckon it’s a solid “big picture” overview of how to build an online business 🚀
Give it a read if you’re feeling overwhelmed / need some clarity.
90+ free places to post about your startup/launch
(And if 90 ain’t enough, you’ll find a bunch more via the comments on Reddit)
Scammers hate this YouTube channel
It’s called Coffeezilla.
Scammers hate it because they get exposed on there 😱
Check out the full list of videos on the channel and you might see some familiar names.
Dan Lok, Kevin David, John Crestani, etc.
This site will delight your inner Victor Meldrew – anyone? – and it’s also an excellent way to learn about UX design via reports of frustrated end users 😡
Related: check out the updated edition of Don’t Make Me Think, a must-read for anyone with a website.
Earning $50k from intentionally crap games
A fascinating (and funny) 45-minute talk by two game developers who, frustrated by the low ROI from building quality games, decided to try the opposite approach.
They paid $15 for a basic slot machine game 🎰, turned it into a template, and used that to quickly generate hundreds of games for the Android App Store.
“At this point, we have reduced the gap between conceiving of a game and having it live in the marketplace, to typing in one word and pressing enter.”
At their peak, the games were earning $210/day in ad revenue. All were eventually removed by Google, but not before earning the developers about $50k over a five year period.
Actual names of games they created:
- Tasteful Sideboob Slots
- 3D Diaper Slots
- 3D Inexperienced Great Horned Owl Slots
- Sexy Librarian Slots
Surprising ways to make money online
I’ve added the crap games example to this article: 34 Surprising Ways People Make Money Online 🤑
Three other new additions:
- Selling old books on Kindle – $1,300 per month (approx)
- Farming Influencer – 5x farming income
- Teaching Piano – $1 million in less than 7 years
Finally published this…
I’d been meaning to put together this Recommended Resources page for a long time.
It’s a collection of the best tools and resources – some free, some paid – I’ve found for building an online business 👍
Web hosting, email marketing, productivity, top-rated courses, etc.
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-53/
In case you missed em, here are the last three editions of eBiz Weekly:
- #52 – No money/skills/experience → $48k/month
- #51 – The best of 2019
- #50 – How to land a $145,000 remote job
- Full archive
Until next week, rock on with your legendary self 💪
Niall Doherty – Ubud, Bali
By the way...
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.