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$727 Per Podcast Episode With Only 2000 Downloads 🎙️

Welcome to a fresh edition of eBiz Insider, my free newsletter packed with tips, insights and opportunities to build your online business.

Today...

  • $727 Per Podcast Episode With Only 2000 Downloads

  • Ultimate Guide To Creating & Growing A Podcast

  • $7000/Month Software In A Crowded Market

  • A Quick Way To Test Your Ideas (Fiverr Hack)

  • $45K/Month Sharing Real Estate Tips

  • How To Go From $0 to $1 Million

  • $250 Giveaway

  • At The End Of The Day

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$727 Per Podcast Episode With Only 2000 Downloads

Harry Duran is the guy behind the Vertical Farming Podcast 🎙️

Vertical farming is farming up into the air instead of along the ground. This image search will give you a quick sense of it.

From a recent interview with Harry…

Harry Duran launched the Vertical Farming Podcast in 2020, he had zero experience or connections in the industry— he just wanted to learn more about vertical farming.

Fast forward just over three years later, and the part-time project has generated over $80,000 in revenue.

While Harry was new to vertical farming, he did have solid experience producing podcasts.

💰 His approach to monetization…

He reached out to initial guests like David Farquhar of IGS (Intelligent Growth Solutions).

After recording with David, he asked if IGS would be open to sponsorship.

David connected Harry with the CMO, Jeff. Harry pitched a 13-week “season” sponsorship for $9,000—about half the cost of a conference booth.

This secured Harry’s first $9,000 before publicly releasing a single episode!

Now, 3 years later, Harry has published 110 episodes and earned $80,000+ from sponsorships.

That's about $727 per episode 🤑

If Harry had done the usual thing of selling ad spots based on download numbers – at a typical rate of $25 per 1000 downloads – he would have only earned $50 per episode.

Instead, he focused on securing high-value, B2B sponsors willing to pay premium rates to reach this niche but engaged audience.

New sponsors often come through introductions from past guests.

Harry adds…

I think what was interesting for me is how I went from zero visibility… to now being seen as someone that's respected, that people are coming to for guidance on the industry…

I came at it from the perspective of an outside observer and a fan of something that I wanted to learn more about.

Two takeaways here 👇

First, you don't have to be an expert to start producing and monetizing content on a particular subject. 

You can take on the role of a curious beginner, interview experts in the space, and break down their insights so ordinary people can understand them.

Second, instead of monetizing the way everyone else does, explore other options. Harry was able to 14x his earnings by going a non-standard route 😎

Last words from Harry…

Just keep moving forward, the universe rewards momentum as an entrepreneur. I fell down a lot [and] I really feel like you need to have those failures so you can quickly figure out what does not work…

Just keep moving forward, keep taking that imperfect action daily.

Ultimate Guide To Creating & Growing A Podcast

Today's email is brought to you by Podcaster's Kit 😍

That's a bundle of 35+ courses and products from podcasting experts, with the goal of helping you create a podcast that actually makes money.

Including…

  • How to 10x Your Podcast Production with A.I.

  • Little Known Hacks to Podcast Marketing

  • Podcast Growth Machine

  • Profitable Podcaster 5-Figure Podcast Analysis

The best part: you can get the whole bundle for only $47 🤯

Pretty crazy.

But this deal is only available until tomorrow (Saturday) night.

$7000/Month Software In A Crowded Market

Harvey Carpenter is the founder of Growform, a form builder which is earning $7K/month 🤑

The origin story, via a recent interview

I was working in a marketing team. We were spending [$1000's] on Google ads and Facebook ads. One day we hired an agency [to help] get more leads… and they basically split out our long boring form into multiple steps… this was like 5+ years ago… 

[I remember wishing] there was a form builder that just let me do nice multi-step forms and I kind of put that idea back in my head… three years later, when I actually knew how to code, I built my first form.

Harvey says his first customers came through Google ads…

I was spending a few hundred dollars a month just bidding on words like "form builder" and that was really valuable to collect those first few customers and learn some lessons.

And to be able to say… if I invest X amount, I actually have a kind of repeatable engine here.

I would definitely advocate that approach and If you know a little bit about Google ads or Facebook ads

Harvey was only earning about $500/month from Growform when he took out a $25,000 loan and quit his job 😱

His reasoning…

If you're building a form builder or a landing page builder or an email tool or something [complex] like that, you really do need 6-12 months to work on it.

So [quitting my job] enabled me to go full time and basically build the tool because you're just constantly getting bugs in or it doesn't do X, it doesn't do Y. So it just let me build for a year or so.

A ballsy move, but it paid off 👍

Sounds like the "repeatable engine" of Google ads > paying customers was a big factor there, giving Harvey the confidence that he could steadily increase revenue over time.

But the most amazing thing to me here: Growform has grown to $7000/month despite there being so many other form builders on the market.

And I believe Harvey only launched the business in 2020 🚀

He was asked about this in the interview…

Yeah, absolutely. That's a really good point. And it's kind of a valuable learning lesson for indie hackers, because you've had guests who are making good MRR from basically doing the same thing over and over again.

When you look at what those [other] form builders do…

Typeform does one question at a time very well. It is brilliant for surveys.

Tally is a really nice, clean, Notion-like experience.

Growform is great for lead generation.

So it seems the key is to focus on some functionality that bigger competitors are neglecting, and make that the core of your product.

With that in mind, keep an eye out for poor or missing functionality in popular software that you use. 

Could be an opportunity there 😉

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🗂 A Quick Way To Test Your Ideas (Fiverr Hack)

From the archive, published February 2020…

From an interview with Mike Zima on Side Hustle Nation

Mike has developed a theory that he applies to almost all of his [Fiverr] gigs, he calls it “Rapid Prototyping.”

What this means is, setting up and testing a gig inside of a lunch break — in just 1 hour.

Not getting hung up on analyzing and tweaking things. Mike said if you’re taking longer than an hour to set up a gig, you’re losing time. You can also go back later and refine your gig if it’s not working, and even optimize it further if it is working.

According to Business Insider, Mike was already earning 6 figures on Fiverr a couple of years ago, so that approach has clearly worked well for him.

Check out his Fiverr profile for some inspiration 💡

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$45K/Month Sharing Real Estate Tips

Seth Williams is the guy behind REtipster 🏠

Tag line from his website

Real World Guidance for Real Estate Investors.

In a recent interview, Seth shares…

After working as a land investor for a few years, in 2012, I discovered Pat Flynn.

After paying attention to him for a while, I recognized I could follow his example and create a similar online community for real estate investors, making epic content teaching everything I knew.

He adds…

[Pat] was a real person and he provided insane amounts of value without charging thousands of dollars for the information. At the same time, he was also managing to make a great income, even though it never felt like he was selling anything.

This prompted Seth to start REtipster as a blog…

After writing my first blog post and making my first video, I realized I loved the process. When I was writing about things I cared about, I had a newfound passion.

Most of my content ideas come from my own experiences in the real estate business.

Now ~11 years later, he says…

These days, our gross income fluctuates between $30k and $60k per month.

About 50% of this income is from the courses we sell.

30% is from affiliate sales for various products and services we review and recommend.

10% is from advertising revenue (YouTube, the podcast, etc.)

10% is from various one-off digital products we sell in our online store.

And…

As far as traffic goes, we get around 40k visitors per month.

At one point, we were getting close to 200k per month, but our traffic took a huge hit when Google updated its algorithm a few years back.

Interestingly, though, this drop in traffic hasn’t had much of a noticeable impact on revenue.

They tried ads but…

Content marketing is our one and only marketing strategy.

So that's producing regular blog posts, videos and podcasts, then letting the algorithms do their work to build the audience 📈

More from Seth…

I absolutely love what I get to do. That doesn’t mean there aren’t hard days.

There are plenty of tasks I have to do that are monotonous, difficult, or simply aren’t fun… but I’m still happy to do those jobs because they’re a small part of a much larger whole.

Best I can tell, Seth had only had 3-4 years of experience in real estate when he started REtipster.

Not a lot, but easily enough to help other people just getting started.

If you have a few years of experience in something, consider creating some content around it.

Do that consistently for the long haul, and you could end up enjoying $60k months like Seth 🤑

How To Go From $0 to $1 Million

A recent video from Shaan Puri of the My First Million podcast 👇

He starts by saying…

[You should] always have that 21y old mindset.

You should always have the belief that my whole world is in front of me, that my best days are ahead of me, that anything is possible and that I can reinvent myself right now.

Think of it like karate…

We want to make our way up to a black belt in the game of success.

To do this, Shaan advises getting busy and putting yourself out there…

You should be looking at how do I do more things, show up to more events, publish an analysis of something on the internet… maybe somebody smart will read it and think hey this guy's awesome I would love to meet him.

A good example of that is the guy behind Cultural Tutor on Twitter, who we profiled recently 👈

He basically got busy posting on Twitter and eventually had some posts go viral, which got him on the radar of some influential people and resulted in a remote job.

Back to Shaan, and if he were starting over, he'd build a service business…

I would go on Upwork or Fiverr, or I would look at other agencies that are already existing.

I'll try to figure out what is an agency or consulting service that people are willing to pay 10K a month for on a retainer, on a recurring basis, that either I could do myself or I could hire people overseas.

The example he gives is a web development agency, but this could also work for copywriting, social media management, video editing, etc.

💰 As for revenue, Shaan would be aiming high…

I would do some basic envelope math. I would say, well I want to have 10 customers paying me $10,000 a month.

Now $10,000 might sound crazy for a business to spend, but that would be my benchmark: 10 customers paying me $10,000 a month, that's $100,000 a month.

Might sound crazy, but we've profiled several businesses like this…

Of course, you could start at a much smaller scale.

Could you use your existing skills to find one client who pays you $1000/month? 🤔

Four clients like that and you're at $48,000 a year, with plenty of room to grow.

$250 Giveaway

We’re doing another $250 giveaway at eBiz Facts this month.

If so, submit your rating and review – takes 3-5 minutes – and once published you’ll be entered into a draw to win up to $250 😎

If you’ve done multiple courses, you can leave multiple reviews and thereby have a better chance of winning.

(Want to review a course that’s not listed? Tell me about it here.)

🗂 At The End Of The Day

Closing it out with a quote from one of the best business minds of all-time, a man who passed away earlier this week, just weeks shy of his 100th birthday.

From the archive, published April 2022…

Words from billionaire investor Charlie Munger…

Spend each day trying to be a little wiser than you were when you woke up. Discharge your duties faithfully and well. Systematically you get ahead, but not necessarily in fast spurts. Nevertheless, you build discipline by preparing for fast spurts. Slug it out one inch at a time, day by day.

At the end of the day – if you live long enough – most people get what they deserve.

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Thanks to Fardeen Khan for helping me write and research today's newsletter.

Hasta la próxima, rock on with your legendary self 💪

Niall DohertyNiall Doherty – Canillo, Andorra
eBiz Facts   (follow on twitter)

P.S. Thinking of starting a podcast?

Then you should definitely check out Podcaster's Kit. For only $47, you'll get access to 35+ courses and products to help build and grow a profitable podcast.

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