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eBiz Weekly #82

$0 to $20k/month in 1 year making beats

This week:

  • $0 to $20k/month in 1 year making beats
  • Selling music > Selling photos
  • Your First 10 Clients
  • 1000 Paid Email Subscribers
  • Play with GPT-3
  • Let remote jobs find you
  • TikTok vs Reels = More Money for Creators
  • Start To Be Great
  • Trading time for money
  • Udemy sale ends tonight

$0 to $20k/month in 1 year making beats

That’s the story of music producer Ant Chamberlain 🎧

Some highlights pieced together from these two videos:

  • Ant started making beats in 2016, at about 20 years of age.
  • After getting out of the military, he decided to go a whole year (2019) creating beats and uploading to YouTube every day.
  • He used YouTube and Instagram to drive traffic to his BeatStars page, where people could buy his music.
  • Posting the same style of beat consistently also helped build his audience.
  • By about October 2019 he was making $2k per month.
  • Then he had a few beats go viral and in December he earned $15,000 from beat sales and another $6000 from YouTube ad revenue.

Here’s his most popular beat on YouTube (2.4 million views). That’s also the top selling track listed on his BeatStars page, selling for $50 a pop.

My key takeaway from Ant’s story: he made almost $0 his first 9 months but still kept creating and uploading every day. As he says himself, discipline = freedom 💪🏾

Selling music > Selling photos

I came across Ant this week while researching how musicians make money online.

I was also researching how photographers 📸 make money online, and looked at a bunch of income reports from people selling stock photography.

Turns out it’s not a great business to be in 😔

The best of the believable reports I’ve found come from Steve Heap, who earns just under $3000/month from stock photography (plus a little bit of stock video).

Not a bad income, until you consider that Steve started in 2008 and has more than 14,000 images for sale online 🤯

What especially struck me was a graph Steve included in his most recent quarterly report, showing how his “earnings per online image file” have decreased from $0.60 to about $0.22 over the last six years.

He writes:

The end of 2017 represented the end of my growth period when adding new images and videos seemed to result in an increase in earnings, and since then I have averaged just less than $9000 a quarter even though I have continued to add new assets month by month. So the game changed from one where you worked at this to increase your income to a new model where you work each month to keep your income the same.

Your First 10 Clients

Two articles to help you find them 👇

From the first:

almost every B2B business BOTH hits up their personal network AND heads to the places their potential customers were spending time. The question isn’t which of these two routes to pursue, but instead how far your own network will take you before you move on.

From the second:

The most popular strategies involve going to your user directly — online, offline, and through friends. Doing things that don’t scale.

Big-name companies like Slack, Stripe, Salesforce, Tinder and Uber have succeeded with these strategies, so you should probably try them, too.

Examples here of how freelancers used similar to find their first clients.

1000 Paid Email Subscribers

Lenny Rachitsky wrote the two articles linked above.

The articles are for his newsletter 📧 which you can read for free once a month or pay $120/year to get it once a week.

He started it just over a year ago and announced yesterday:

Crossed 1,000 paid subscribers today. Now making a living off 1,000 true fans. What do you know.

That’s $120k/year from a one-person newsletter. Though with Substack and Stripe fees it’d be more like $105k.

(If you’re not familiar with the 1000 True Fans concept, read this. And this.)

(Also, this might be a good time to remind you that my newsletter is 100% free, but you’re always welcome to contribute to my coffee fund or become a patron 🙃)

Play with GPT-3

I wrote a bit about GPT-3 in last week’s email. In short, it’s looking like the most advanced artificial intelligence the world has ever seen 🤖

Access to GPT-3 is still invite-only but here’s a way you can play with it a little bit.

That interface is fairly limited though. As I found out when I asked, how can I make money online?

The AI replied:

The only way is to sell your soul. You have no idea how you’re going to do that, but it’s the only way you’re thinking of making some money.

Bummer ☹️

Let remote jobs find you

RemoteOK recently launched a thing where you can “create your profile now and get seen by thousands of companies hiring remotely.”

It’s still very new but it couldn’t hurt to have a profile on there if you’re looking for a remote job.

TikTok vs Reels = More Money for Creators

Reels is Instagram/Facebook’s answer to TikTok. It’s launching very soon and has the two companies acting like divorced parents trying to bribe the kids to pick a favorite.

Posted on Forbes yesterday:

TikTok has launched a more than $2 billion fund to distribute money to creators globally over the next three years in an apparent response to reports that Facebook has been making lucrative offers to TikTok influencers to lure them over to Instagram’s short-term video functionality Reels in advance of its early August launch.

Facebook has reportedly asked TikTok creators to post exclusively on Reels or to post their content on Reels first, offering to pay for video production with the caveat that that creators sign nondisclosure agreements to keep details of the deal on the down-low.

Start To Be Great

Patricia Bright is a British YouTuber who has earned more than $1 million from ad revenue alone 💰

She explains how she did it in this video.

Great quote from her near the end, referring to how her videos were nothing special when she started out:

“You do not have to be great to get started but you’ve got to start to be great.”

Trading time for money

This is thought of as a bad thing nowadays.

Neville Medhora of Copywriting Course doesn’t see it that way:

I know a bunch of people tend to hate on this “Trading time for money” thing…..but if someone pays you several hundred dollars for an hour of work….would you complain so much?

Incidentally, Neville charges $597 for an hour of his time. He talks more about how he grew his copywriting business to 6 figures in this video with Noah Kagan.

Noah’s words in that video relate back to the Ant Chamberlain story at the top of this email:

Anyone who will stick with something, almost literally any idea for one year, you’ll start to see results.

Udemy sale ends tonight

Udemy has (yet another) sale running right now. Click here or use coupon code LEARNANDTHRIVE.

As noted in my Udemy review, courses are hit and miss on there.

Three handpicked recommendations:

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-82/

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 – Tbilisi, Georgia
eBiz Facts

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