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- This daily practice helps him earn $25,000+ each month š
This daily practice helps him earn $25,000+ each month š
Welcome to a fresh edition of eBiz Insider, my free newsletter packed with tips, insights and opportunities to build your online business.
Today...
6-Figure Paid Newsletter Blueprint (He's Done It Twice)
This Software Powers Million Dollar Newsletters
This Daily Practice Helps Him Earn $25K+ Each Month
You May Fail, And Thatās Okay
Business Idea: YouTubers Would Pay For This
$3745 Profit From an AI-Generated Blog Post
1st Year Niche Jobs Marketplace Earns $100,000
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Nicolas Cole tweetsā¦
Our paid āWrite With AIā newsletter just hit $200k/yearā¦ only takes 4 hours/week.
The newsletter teaches people how to write better with tools like ChatGPT and has grown to 21,000 subscribers since starting in April š
It is run by Nicolas and Dickie Bush, who also run a writing program called Ship 30 For 30.
š Here's a free example issue of Write with AI from several months back.
Nicolas addsā¦
This is the 2nd paid newsletter Iāve grown to 6 figures in the past 2 years.
(First one was Category Pirates, which hit 6 figures and became a Top 5 Business Paid Newsletter on Substack in the first 9 months.)
Safe to say, Nicolas knows what heās doing š
He lays out his 6-Figure Paid Newsletter Blueprint on Twitterā¦
99% of the time, free newsletters are the way to go.
Theyāre easy to start. Easy to learn.
Howeverā¦ Paid newsletters are The Holy Grail of writing onlineā¦
The problem is: very few writers (even seasoned veterans who have been writing for a long time) understand how to write things that have the capacity to be monetized directly.
Nicolas says there are two types of paid newsletters š
Researched Curation
Original Thinking
Either can workā¦
Researched Curation can be repeated infinitely (always more to research), and Original Thinking can be repeated infinitely (always more expertise to share).
š Another keyā¦
Readers very rarely, if ever, pay for āwords.ā
What makes a paid newsletter work is when the reader feels as though you are giving them TANGIBLE objects delivered in newsletter form.
What are tangible objects?
ā¢ Reports
ā¢ Prompts
ā¢ Templates
ā¢ Case studies
ā¢ Etc.
You can literally āholdā these kinds of things in your hands, making them tangible. And what is tangible is perceived to be more valuable.
The secret to selling things in the digital world is to make your digital work feel like an analog object.
Could you turn your own writing into something more tangible? š¤
Nicolas also reveals how long he would test a newsletter to see if it has 6-figure potentialā¦
About 6 months.
If your paid newsletter isnāt generating $5-10k per month within the first 6 months, you most likely havenāt checked all the boxesā¦ you havenāt figured out what is truly valuableā¦
You can give it 1 year if you want to ātrust your gut.ā But anything beyond 1 year is usually a dog.
š permalink
This Software Powers Million Dollar Newsletters
Today's email is brought to you by Beehiiv š
That's the software I use to publish and grow this newsletter. I switched to it a few months ago and it's been great so far.
Beehiiv's CEO was head of growth at Morning Brew, a newsletter which was valued at $75 million a few years ago š¤Æ
Beehiiv is also the software used to power The Milk Road, a newsletter that sold for $10+ million after only 10 months.
I really like the pricing of Beehiiv. There's a 14-day free trial and you can continue to use it for free up to 2,500 subscribers. After that it's flat-rate pricing.
For example, I'm paying $84/month for my list of 20k subscribers. And the price doesn't increase until I hit 100k subscribers.
I just checked another popular newsletter software and I'd be paying $210/month on there currently, and $700/month by the time I reached 100k subscribers š±
So yeah, Beehiiv is a really nice, inexpensive way to start a newsletter. And they've got a ton of growth tools built in.
š Check it out if you're thinking to start a newsletter.
ā¹ļø full disclosure | sponsorship info
This Daily Practice Helps Him Earn $25K+ Each Month
Jordan Hughes is the founder of Untitled UIā¦
the largest UI kit and design system for Figma in the world. Kickstart any project, save thousands of hours, and level up as a designer.
Figma is a popular software for designing websites, mobile apps, etc.
Untitled UI basically gives you a bunch of design components you can use in Figma so you're not starting with a blank canvas š„³
According to a recent profile of Jordanā¦
He was a drummer and an aspiring teacher before venturing into the world of startups by chance in 2015.
Elsewhere, Jordan mentions the project he worked on before Untitled UIā¦
I built (and later sold) goodbooks.io, the largest curated collection of 8,500+ book recommendations from some of the most successful and interesting people in the world.
That's worth checking out, basically lists of books that famous people recommend, monetized with display ads and affiliate links š¤
(Methinks there could be a site like that for famous people in every walk of life. Example: a site listing what smartphones top athletes use.)
Back to Untitled UI, and it was an unusual project for Jordan to jump intoā¦
I donāt have a background in design. This may sound alarming, but I consider a generalist approach an important asset.
I studied Management and Financeā¦ before working as an Ops Manager in high-growth startups.
This involved learning fast and wearing a lot of hats.
In mid-2019, I decided I wanted to pursue design.
š He started working on Untitled UI in 2021ā¦
This library started as a side project but has grown into the largest and best-selling Figma UI kit in the world.
According to that recent profile, Jordanās Untitled UI is likely bringing in over 6-figures per year, at a very conservative estimate.
There is a free version of the product but the paid versions start at $129 a pop.
If we assume Untitled UI is making at least 5 sales per day, then Jordan is likely earning $25,000+ each month š°
One thing that stood out to me about Jordan's marketing, which has surely helped him gain traction: his Made with Untitled UI tweet series.
Every day for 580+ days now, he's tweeted a screenshot of something he'd designed with his own kit.
Simple, but effective š
Could you post something online every day that highlights what you're working on?
Even if your work isn't awesome in the beginning, you'll improve greatly with the daily practice and people will start to take notice š
š digital products | permalink
š You May Fail, And Thatās Okay
From the archive, published March 2023ā¦
š From a book called The Power of Full Engagementā¦
Our experience ā and considerable research ā suggests that setbacks are an intrinsic part of any significant change process. The motivation to make a change, and even the specific plan for doing so, may often just be the first step.
The researcher James Prochaska has found, for example, that people launching a major change in their lives often fail several times before succeeding in a sustaining way.
Iāve experienced that first-hand myself.
When I quit my job in 2010, I was super confident that Iād be earning $10,000+ per month within a year. Iād seen other people doing that just by selling simple ebooks and figured I could do the same š
And while I was able to earn a decent living working online for many years ā mainly via freelancing ā my first $10,000+ month didnāt happen until 2020.
So yeah, I tried and failed for about a decade before reaching that goal š
But since reaching it, Iāve only had one month where my business has earned LESS than $10,000 per month. (You can see all my finance reports here, btw)
All that to say: try not to let failure get you down.
Learn from it, pick yourself up, and take another shot.
Youāll hit a big one eventually.
š freelancing | permalink