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eBiz Weekly #83

$1000/day passive income in her 20’s

This week:

  • 99% of freelancers aren’t doing this
  • 1 Million YouTube Views: 2012 vs 2018
  • COVID coverage from SafetyWing
  • Bad at Math
  • Working in Public (to $4 million)
  • $1000/day passive income in her 20’s
  • Instagram’s TikTok Competitor is Here
  • How to be a Millionaire
  • “Let’s go rob a bank in Grand Theft Auto.”
  • Momentos + Finance Report

99% of freelancers aren’t doing this

It’s something copywriter Matt Lane used to earn $12,000 in 5 months on Upwork despite only working part-time.

He writes:

Last month, I used this strategy to land a multinational biotech client despite having zero science background on my professional resume.

That client paid him $60/hour 😎

Matt’s strategy is to find detailed job posts and do part of the work up-front, thereby proving to the client that you can deliver and making it a no-brainer for them to hire you.

More details in this article.

1 Million YouTube Views: 2012 vs 2018

Irish YouTuber Clare Cullen breaks down how much she was paid for 1 million views in 2012 vs 2018.

Short answer is she got paid way more in 2018, but there’s plenty of nuance in there.

I come away from that video thinking that there’s far more money to be made on YouTube nowadays, but also way more competition for views 📈

COVID coverage from SafetyWing

I’ve been a happy customer of SafetyWing for some time, especially since they covered my $4000 hospital bill for dengue fever 🤒 in Bali last year.

They announced this week that they’re now covering treatment for COVID-19:

As of August 1st, Nomad Insurance now covers Coronavirus Disease (COVID-19)! Coverage works the same as any other illness as long as it was not contracted before your coverage start date, and does not fall under any other policy exclusion or limitation.

Because of this policy upgrade, our base price is increasing from $37 to $40 for 4 weeks of coverage.

Bad at Math

Matt Waite was always terrible at math. Then, at 37 years of age, he started taking math class again and getting excellent grades.

As he explains it, his level of effort made all the difference…

The difference between good at math and bad at math is hard work. It’s trying. It’s trying hard. It’s trying harder than you’ve ever tried before. That’s it.

So do me a favor: Try. Stop with the jokes. Stop telling me, “Oh, I could never do that” when you ask me about math. Because it’s not true. You can. If you try.

With that in mind, don’t be too quick to give up on learning a skill or building a business just because it’s hard.

It being hard is actually a good thing: most of your peers and competitors won’t persist. If you do, you’ll be exceptional.

And exceptional people tend to get exceptional results 😉

Related: if you lack focus or get intimidated by hard work, this book should help.

Working in Public (to $4 million)

Adam Wathan blogs about turning a side-project – a CSS framework called Tailwind – into a multi-million dollar business 💰

Most interesting part for me was how Adam only realized Tailwind had a broad appeal when people kept asking him about it on YouTube:

Fast-forward a few years later and Steve and I started working on KiteTail, which was going to be a developer-focused, webhook-driven checkout platform.

You can watch me build a ton of the app on YouTube […] stream after stream, people were always asking about the CSS:

This is the benefit of working in public — Steve and I would have never built this Tailwind Labs business (which has now done over $4m in revenue in under 2 years) if I hadn’t been live-streaming my work on yet-another-abandoned-side-project.

What are you working on right now? Could you do that work in public somehow?

Fiona Wong did a version of this simply by posting to her Facebook profile:

I just put out content on Facebook every single day.

I made memes about marketing. I talked about business. I showed people what I knew and tried to make them feel like they could relate to me.

That led to multiple clients and a $7k/month virtual assistant business.

$1000/day passive income in her 20’s

That’s Sarah Chrisp’s story, and she reveals her income streams in this video.

Seems she earns the most money from her Print on Demand business – a video from a few months back shows how she earns $2k per day from one store alone 🤑

One quote I especially liked from the first video linked above:

“Intelligence does not make you rich. The ability to push through roadblocks is what makes you rich.”

Also, at the 15:30 mark Sarah highlights a YouTuber who made only 2 videos back in 2017 and still somehow gets ~100k views per month and surely makes good money from his channel. Flies in the face of the conventional wisdom that you need to upload regular videos to be successful on YouTube.

Instagram’s TikTok Competitor is Here

It’s called Reels and Business Insider has a good primer on it 👈

Reels is probably a good place to get attention at the moment, says me based on one anecdotal report from Miles Beckler:

Wifey’s IG reel she published yesterday got massive engagement… Total outlier. The algo gods are smiling on reels right now.

How to be a Millionaire

My new favorite YouTuber looks like Jesus’s meth-addicted cousin – his words, not mine – and knocks it out of the park with a video about fake gurus.

The video features Dan Lok, Coco Chanel, Grand Cardone, Dan Peña and naughty language 🤬

This line in particular is worth remembering when you’re in a financial pinch:

An iron-clad rule of money-making: the easiest people to take money from are those who are desperate to make more of it.

“Let’s go rob a bank in Grand Theft Auto.”

If you can’t get that potential client or business partner on a call with you, try this 🎮

Momentos + Finance Report

Feel free to read my latest personal ramblings and see how much my business earned last month 🥳

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-83/

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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