eBiz Weekly is a free newsletter packed with tips, insights and opportunities to build your online business. We send it out every Friday to 7,145 legendary subscribers. We also post the content of each email here on the website.
- Affiliate Marketing Mastery review
- Make money while you sleep?
- A service you could charge for
- Read these, become a better writer
- High-level authority site training
- This joke site earned $25k in one month
- What’s hot right now
- To get a remote job, start freelancing
- Language skills?
- FBB update
Affiliate Marketing Mastery review
I recently spent 10+ hours researching an affiliate marketing course by Stefan James of Project Life Mastery.
Stefan probably won’t like the parts showing that he has almost certainly scammed people in the past. Or the several times I point out that very few of his students seem to have achieved success. Or the bit where I show that the quiz on his website recommends $1000 courses to people who self-identify as “desperate.”
(And if you think that’s bad, stay tuned for the review I’m publishing next week – probably the biggest scam I’ve reviewed so far)
Make money while you sleep?
You’ve probably heard people rave about online business models like affiliate marketing or ecommerce, and how they can “make money while you sleep” 😴💵
Stefan James, for example, likes to talk about how he earned $30,000 from one email he wrote in 5 minutes while on vacation (mentioned in my latest review).
What he downplays is that he was sending that email to almost 60,000 subscribers and had more than 2000 of them click through to see the offer he was promoting.
Make no mistake: building that big an email list, and gaining that much trust from your subscribers, takes a TON of work!
A few years back I earned $7,622 in only 3.5 days selling a digital product.
Which sounds great, but when you factor in the 300+ hours I spent creating and marketing that product before launch, my earnings worked out to a much-less-impressive $25 per hour, at best. If I had instead spent even half those hours doing my usual freelance web design gigs at a rate of $80/hour – standard for me at the time – I’d have earned $12,000… about 60% more money with 50% less work.
All that to say: be wary of people promoting an online business model that can “make money while you sleep.”
$100 made while awake is worth just as much as $100 made while sleeping, and the first is usually easier to come by.
A service you could charge for
Click that link and you’ll see a nice, in-depth guide for using the Google My Business platform.
Plenty of business owners would like to get set up on GMB but probably don’t want to figure it out and go through all the steps themselves.
That’s where you come in: offer to do it all for them, and charge a reasonable price.
Alternatively, keep an eye out for other in-depth guides. Any time you see one, ask yourself: “Who would pay me to do this for them?”
Then use Riskiest Assumption Testing to quickly validate the ideas you come up with. (Especially important nowadays with the economy so turbulent.)
Read these, become a better writer
- Copywriting Course: learn from a whole bunch of copywriting examples and case studies
- GrowthLab: before-and-after copy for a dating profile, resulting in 4x as many dates 😎
High-level authority site training
(See if you can spot an appearance by yours truly near the bottom of that page 😉)
Be aware that the training is NOT for beginners – see their TASS program for that – but if you’re already earning $1000’s per month from your website it’s well worth checking out.
This joke site earned $25k in one month
I created a website that went viral during the coronavirus outbreak. I dont want to mention its name exactly, but it may be easy to figure out – it is a humour jokey website that helps inform people about one aspect of coronavirus.
It ended up getting featured in almost every major news site, every major tv website, and on radio, and on TV.
It has generated ~$25k in the month since launch.
I’m pretty sure the site is howmuchtoiletpaper.com 🧻 and it looks to be making money mainly from display ads.
Surely a short-lived success, but impressive nonetheless.
What’s hot right now
Some interesting trends I’ve seen this week:
- Foundation: Fastest growing software niches – Telehealth (+613%) and electronic signature (+511%)
- TrustRadius: Fastest shrinking software niches – marketing, IT support, project management
- Arcs & Curves: “41% of people in the UAE increase spending during Ramadan”
- Mixergy: Sales of courses on Teachable up 25% in one month, new courses selling faster
- Reuters: Sales of gaming hardware, software and accessories in the US up 35%
- Indie Hackers: more searches for “online business ideas” than at any point in the last 5 years
- Zippier: 51% of American workers would rather work from home forever
To get a remote job, start freelancing
Check out Remote Makers, a tidy new site featuring interviews with remote workers.
There are nine interviews on the site so far, mainly with designers and developers.
Each interviewee is asked how they found their remote job, and it’s interesting how many of them started off freelancing. Freelancing helped them develop their skills and build a strong portfolio, and contract work would occasionally turn into a full-time remote job offer.
So if you’ve been busy applying for remote jobs and not having any luck, try picking up some freelance gigs in the meantime. (You can use these 3 methods to find some.)
You could end up getting offered a remote job like Klare Frank, who wrote in her interview:
I was completely thrilled. I felt like I had made it big time as someone who started with no design degree, no internships whatsoever and zero experience, and worked my way up from a practically no-name development shop to a well-known and highly respected local agency to a very well-known startup
Freedom Business Builder is my private community for online entrepreneurs.
It costs only $5/month to join, and every member can now invite a friend for free.
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-68/
In case you missed em, here are the last three editions of eBiz Weekly:
- #67 – Goats + Barbers Making Money Online
- #66 – 17 work from home jobs you can start today
- #65 – 1589 remote jobs from 100+ companies
- Full archive
Until next week, stay safe and rock on with your legendary self 💪
Niall Doherty – Tbilisi, Georgia
By the way...
How To Make Money Online
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A massive list of FREE Udemy courses to help build your online business. We only list top-rated courses – minimum 50 ratings – and update every 24 hours.
Find A Remote Job
See our list of the best ways to find a remote job, based on 100+ hours of research and testing.
Start Earning Online
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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.