eBiz Weekly is a free newsletter packed with tips, insights and opportunities to build your online business. We send it out every Friday to 10,145 legendary subscribers. We also post the content of each email here on the website.
- 39,000+ Freelance Jobs
- Don’t lower your price
- How much does this business earn per month?
- The #1 Skill For Making Money Online
- Success = Sales + Marketing + Production
- Uncomfortable with selling?
- How The Economy Works
- Content Writing Jobs
- Commission Hero update
- If you want to look good…
- It earns this much
39,000+ Freelance Jobs
Indeed.com lists tons of freelance jobs, many of which you can do remotely.
A few country-specific Indeed sites you can check:
For gigs that are truly remote, it won’t really matter what country you’re in, so you might as well check a few of those links.
Don’t lower your price
Jake Harris launched a video production company a year ago 🚀
On Reddit, he shares one of the biggest lessons he’s learned:
I can tell you that for every client that has responded to a quote with, ‘Our budget is X can you bring your price down to match it?’ has never proceeded with the project when we agreed. Not one.
For the quotes that we said, ‘No sorry this is the price for your project’, 80% of the time they became a client anyway.
What I have come to conclude is that businesses don’t actually want the cheapest provider. Lowering our quotes to match a client budget is a sign of weakness. It’s obvious we need the work. We lose some authority and control of the project. We devalue our work when we agree to lower our price.
In my experience, standing firm on our pricing has resulted in a higher proposal conversion rate.
How much does this business earn per month?
It’s called Twitter Archive Eraser.
Copy on their homepage:
Delete thousands of your tweets in one go — well beyond the 3200 limit. We help you clean up your Twitter profile by deleting your old tweets — while keeping your account, followers, and best performing tweets.
- Free to delete 1000 tweets per week
- $9 one-time payment to delete 3000
- $19 to delete 10,000
- $39 for unlimited
The owner started offering the service in 2013 and writes, “I’m the only person on it and have a full time job. Barely need to make code changes and it requires minimal effort for customer support.”
If you had to guess, how much revenue do you think that business earns each month?
Answer further down 👇
The #1 Skill For Making Money Online
Someone – let’s call him Dougal – emailed me this question the other day:
I want to start an online business but I heard that PayPal doesn’t work in some countries. Do you know if it works in South Africa?
My first thought: Dougal is doomed ☹️
Because instead of Googling that question himself and finding the answer in ten seconds, he emailed a stranger and hoped for a response.
Please, don’t be like Dougal.
Instead, cultivate the skill of figuring things out 👈 that’s the #1 skill right there
And if you can’t figure something out for yourself, use Derek Sivers’ approach to ask for help.
Success = Sales + Marketing + Production
On Reddit, the owner of a $1m company writes that “the successful execution of 3 areas is a guaranteed recipe for a healthy business.”
I reckon the 3 areas he lists are just as important for an online business 💻
Marketing: “The entire purpose of marketing is to generate opportunity. Opportunity for people to interact and potentially buy from your business.”
Sales: “Your sales process is supposed to help you capitalize on that opportunity… Your sales process is the process of taking someone from a lead to a customer.”
Production: “Your production is designed to fulfill the promises of your marketing campaigns and your sales practice… With a strong production system, you’ll turn those customers into lifetime customers.”
The same Redditor also noted the main issue most small businesses run into:
A contractor who’s focused 90% on production (Because he’s really good at it) will have a very hard time escaping performing the actual production because he doesn’t understand that he needs to spend money (on marketing and advertising) to create opportunities to generate more money (enough to keep a team busy to eventually free him/her from the physical labor).
Uncomfortable with selling?
In the second he talks about becoming “the trusted advisor” for your clients, a concept from a book of the same name:
The Trusted Advisor talks about how it’s your duty to put your clients first. And if you put them first, if they see you as their trusted visitor, then of course you’re not selling to them – reframe it – it’s actually your obligation to protect them from the vagaries of the market. That’s because you have better knowledge, better products, better refund policies, better support, better everything.
Speaking of Ramit, I liked what he wrote in a recent newsletter, about now being a great time to try something new:
In the early days of coronavirus, I launched my Fireside Chats, a nightly show where I talked about money and business and shared what I knew. They weren’t perfect — I didn’t have a full camera crew, I didn’t have the perfect lighting — but I did them and people loved them.
Right now is an opportunity to be experimental and creative. Nobody cares about perfection right now. It’s the ideal time to try something new and adapt quickly.
How The Economy Works
The economy: it affects us all but does anybody understand how it actually works?
Ray Dalio does, and he lays it out beautifully in this 30-minute video.
(Dalio’s Principles is also a great read, btw.)
Content Writing Jobs
Commission Hero update
📉 I’ve reduced my rating of this affiliate marketing course from 3.6 to 2.6 stars. There’s a note near the top of the page explaining why.
If you want to look good…
Words via 🏀 NBA player Damian Lillard on Twitter:
“If you want to look good in front of thousands, you have to outwork thousands in front of nobody.”
It earns this much
Twitter Archive Eraser generates $7000 in revenue each month, as reported by the owner on Hacker News.
Were you close?
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-75/
In case you missed em, here are the last three editions of eBiz Weekly:
- #74 – Landing an $800+ writing gig
- #73 – Libel, slander, defamation, WTF?
- #72 – 15 sites to find you a remote job
- Full archive
Until next week, rock on with your legendary self 💪
Niall Doherty – Tbilisi, Georgia
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