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- $20k/month and a 4-hour workweek
- 15 online jobs and how much they pay
- I just spent $1,497 on a course
- Here’s how much remote workers earn
- Ask for referrals, not work
- 80 sites offering proofreading jobs
- Small fish, big pond
- LOIs helped this writer earn $135,288 last year
- Starlink is a big deal
$20k/month and a 4-hour workweek
A new interview on eBiz Facts: How I built a service business to $20k/month recurring and achieved the 4-hour workweek
Gabe Arnold started Copywriting Today back in 2014 and now spends only 4-5 hours per week on it while earning $10k/month in profit 😎
Lots of great takeaways in this interview, including:
- Speed of implementation: Gabe built and launched V1 of his service in one night
- Took a model he saw working in one industry and applied it to another
- Found his first 10 customers in one week via LinkedIn
- Heavy on cold calls and cold emails to generate new business
- Automated hiring process: “We don’t interview at all.”
- Looking for work? They hire about 20 writers per year.
15 online jobs and how much they pay
I went through this thread on Reddit – What is your pay rate and how hard is your job – and made a list of the online jobs people reported.
Might give you some ideas/inspiration:
- $23/hour – part-time virtual assistant that focuses on hiring staff
- $50/hour – web design/development
- $30/hour – freelance web dev
- $22/hour – teaching English to Chinese kids in the mornings/evenings
- $10/hour – search quality evaluator at Sykes
- $15/hour – working part-time for Lionbridge as a rater
- $105k/year – salary for remote full-stack engineer
- $1500+/week – buying and selling trading cards (Magic: the Gathering, Pokémon etc.) online
- $3.50/hour – doing transcription on Rev.com
- $60/hour – (after Upwork fees) as a freelance WordPress designer
- $20/hour – teaching English online
- $22/hour – teaching English via VIPkid
- $14/hour – web rating for Lionbridge
- $25/hour – online research and converting files into pdf form
- $15/hour – reviewing resumes and providing feedback
I just spent $1,497 on a course
It’s a quite popular and somewhat controversial course about building an online business, so I decided to sign up and review the bejesus out of it.
So far I’ve spent ~30 hours researching Sam, going through the course materials, and amassing almost 300 pages of notes 📝
It will probably take another 2 weeks and 40+ hours to finish my research and publish the review.
If you’d like to check out my raw notes in the meantime, you can access them here.
(Usually only folks in my private FBB group get access to my raw review notes. Sharing with email subscribers as an experiment. Not sure if it’s a good idea, might end up changing my mind and killing that link. Feedback welcome.)
Here’s how much remote workers earn
- 74% earn more than $50k/year
- 55% earn more than $75k/year
About half of the study participants were located in the USA 🇺🇸 and the rest were scattered around the world 🌍
Comparing the above numbers to individual income in the USA as a whole in 2019 (source):
- 40% earn more than $40k/year
- 23% earn more than $75k/year
So either remote workers tend to get paid more, or people with higher earning potential tend to become remote workers 🤔
Ask for referrals, not work
I once heard the following expression as it relates to selling things over the internet:
“If you want advice, ask for sales. If you want sales, ask for advice.”
[…] There are three huge benefits to starting your freelance client search by asking for referrals, rather than directly reaching out for work:
- It’s a friendly conversation (allowing you to reach out to friends & family, in addition to brands!)
- It takes the pressure off whoever you’re connecting with
- Referrals are totally awesome.
Plus, if the company you’re reaching out to is looking for somebody like you anyways, you’ve now just presented yourself on a silver platter without begging.
80 sites offering proofreading jobs
One of the sites listed apparently pays up to $4000/month (plus bonuses), but methinks $15-25/hour working part-time is more realistic for this kind of thing.
Small fish, big pond
Would you like to own a business with only 0.34% market share?
One Redditor writes:
Don’t be afraid to be the 100th company in the RIGHT MARKET.
This piece of advice changed my approach to new business ideas completely. I used to be like “Ohh, something similar already exists” and ditched the idea right away.
Now, I don’t get discouraged so quickly – I think of the market size and what I could do better than competitors to claim at least a chunk of the right market.
(Update: original post here)
LOIs helped this writer earn $135,288 last year
Jen Miller writes:
See that dip in 2017? My big success this year started when I realized my business was in trouble, and I started marketing the heck out of myself. In 2018, I sent more than 500 letters of introduction (LOIs). More than 500! For 2019, 19 clients came from LOIs.
Here’s a good resource about LOIs she points to: 7 Steps to Reaching out to Potential Clients Using Letters of Introduction
Starlink is a big deal
Starlink is a pet project of Elon Musk, aiming to surround the globe with thousands of low-orbit satellites 🛰 that will give you fast internet access pretty much anywhere.
Apparently 240 satellites are already up there.
Jeffrey Paul writes:
The biggest likely circumstantial impact to you and I: places previously unsuitable for long-term habitation or business development by businesspeople due to poor connectivity will be suddenly be rendered green on the map.
Starlink means that you can go live in the woods in Siberia if you like, with relatively little impact to your team (presuming you already work with your team via an internet connection).
Cruise ships, undeveloped countries, remote forests, desert wandering: all become practically viable when you can receive 100+ Mbps anywhere outside of the (An/)Arctic circle you can see the sky.
Hundreds of cities and dozens of countries, fine for living but previously entirely unsuitable for a place of business, will blink from red to green on the map once Starlink goes live.
I like to think Starlink (or similar) will help reverse urbanization.
Why move to a big smelly city for work 💨 when you can live in some remote natural wonderland 🏝 and still earn $75k/year?
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-58/
In case you missed em, here are the last three editions of eBiz Weekly:
- #57 – Make your first $100 as a freelancer
- #56 – $35k/month affiliate + info products
- #55 – Former pastor earning $60k/month online
- Full archive
Until next week, rock on with your legendary self 💪
Niall Doherty – Kuta, Bali
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