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Generating š¤š¶ Photos = $1000/Month
Welcome to a fresh edition of eBiz Insider, my free newsletter packed with tips, insights and opportunities to build your online business.
Today...
Generating AI Baby Photos = $1000/Month
Free "Get Paid to Write" Email Course
$200K/Month Giving His Product Away For Free
The Only Way To Become Excellent
$1M/Year Sharing Local News in the Middle East
She Went From a āSlow Octoberā to $27K in November
Merry Christmas & Happy New Year!
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Generating AI Baby Photos = $1000/Month
Checkout Yifan Goh's OurBabyAI š¤
Upload some photos of you and your partner, and OurBabyAI returns plausible images of what your baby could look like š¶
Cost right now is $9 for 8 baby pictures, though it looks like it usually costs $19.
In a recent interview Yifan sharesā¦
I had lots of self-doubt, if I'm being totally honest with you. I built the landing page in one day but hesitated to launch it because I thought the idea was stupid. I announced the launch on Twitter and all I got were crickets.
š How he got tractionā¦
After submitting my product to a few AI directories, organic traffic started to come in. Some of that traffic converted to sales and, when traffic went up, sales went up too.
Yifan's landing page went live on April 2nd, andā¦
First sale came in on April 11! I was beyond excited, and generated the photos manually for my customer. Made 9 sales for the month of April, and crossed $100 in total revenue. Sweet!
As things picked up, Yifan realizedā¦
I can't generate the photos manually forever, I need a backend to do it for me automatically so that I can scale. So I wrote the first line of code and deployed my backend app to production. Got 18 sales for the month of May. Brought in $325 of revenue.
Did you catch that?
Yifan didn't build the product and then try to market it.
First he built out just the landing page and promoted that to see if there was any interest š”
And when those first orders started rolling in, he processed them manually.
Only when he felt there was sufficient and consistent demand for the service did he invest the time and effort to create a fully automated solution š
His smart and patient approach has paid off, as he recently tweetedā¦
Everyone should strive to build their own money making product.
I have stopped working on OurBabyAI, but it makes $1k+ per month for me.
š Looks like Search Engine Optimization (SEO) is big for Yifanā¦
80% of my traffic actually comes from Search. Whenever there's a trend on TikTok related to my startup, people search for those keywords (e.g. baby ai generator) and I get spikes in traffic and sales!
That's even more impressive when you consider that his site only has 10 pages total.
Do you have some "stupid" business ideas? š¤
If so, consider testing them out fast and loose like Yifan.
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Free "Get Paid to Write" Email Course
Today's email is brought to you by Elna Cain's free āGet Paid to Writeā email course š„³
The blurbā¦
This isnāt going to teach you how to write and it wonāt talk about punctuation and grammar either. What you learn are 6 action steps you can start this week and be on your way to getting paid to write online.
Sign up for it here š
ā¹ļø full disclosure | sponsorship info
$200K/Month Giving His Product Away For Free
Ivan Kuckir is the founder of Photopea, which is basically a clone of Photoshop that you can use for free in your browser.
I shared Ivan's story back in 2021 when he was making $1M/year š°
He monetizes with display ads and subscriptions (for an ad-free version), with ads making up 90% of the revenue.
Now after almost a decade of working on it, Ivan recently revealedā¦
I make slightly over 200,000$ a month from ads on Photopea.
š¤Æ
After starting the project in 2013ā¦
It took about 200-300 hours to create the first version of Photopea. I wasnāt working on it full-time since I was also busy with my university studies. I coded the main features first and then focused on other ones.
He finished university and started to see tractionā¦
I was living in a dorm here in Prague, sharing a room with three other students. Photopea was more like a hobby to me.
It wasnāt a job; it was something I enjoyed doingā¦I was excited to see it grow ā starting with about 20-30 users a day ā and enjoyed adding new features. I was adding new features or updates almost every week, just being thrilled by its gradual growthā¦
People found Photopea by word of mouth, through blog reviews, or video content.
š¤ Ivan could have gone the SaaS route and charged a monthly fee for access, butā¦
Initially, I wasnāt sure if people would be willing to pay for Photopeaā¦ I wanted to attract as many users as possible by offering it for free.
I thought that if I could gather a large user base, I could make significant money without asking people to pay, similar to how Google or Facebook monetize with ads.
Ivan eventually hired 2 people to help him, but still works a lot himselfā¦
I spend about six to eight hours a day on Photopea. Itās like a full-time job, but I still enjoy it. Most of my work has no deadlines.
His costsā¦
I spend about 600$ per year for servers and 20$ for the domain. I also had an additional cost for an AI feature ā $1.000$ per month.
That adds up to only $12,620 per year.
Not sure how much he's paying his two employees on top of that.
But I'm guessing he's running his $2.4M per year business on less than $100,000 per year š¤Æ
Ivan's advice for anyone starting outā¦
Donāt be intimidated by the idea of entering a crowded market or tackling complex tasks. Begin by focusing on the core, essential features of your product, the ones that are most important and useful. These donāt have to be numerous or complicated.
š display ads | permalink
š The Only Way To Become Excellent
From the archive, published January 2023ā¦
From the book Atomic Habits by James Clearā¦
When a habit is truly important to you, you have to be willing to stick to it in any mood. Professionals take action even when the mood isnāt right. They might not enjoy it, but they find a way to put the reps in.
There have been a lot of sets that I havenāt felt like finishing, but Iāve never regretted doing the workout. There have been a lot of articles I havenāt felt like writing, but Iāve never regretted publishing on schedule. There have been a lot of days Iāve felt like relaxing, but Iāve never regretted showing up and working on something that was important to me.
The only way to become excellent is to be endlessly fascinated by doing the same thing over and over. You have to fall in love with boredom.
So if your goal is to become excellent in your career, try pick one that is endlessly fascinating to you.
Is there something youāre really into that many other people would find boring or annoying? š¤
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