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$200K per year niche business you've never heard of 🤔
Welcome to a fresh edition of eBiz Insider, my free newsletter packed with tips, insights and opportunities to build your online business.
Today...
$200K/Year Niche Business You've Never Heard Of
Running A Lead Gen Agency From an RV
His Telegram Software: $0 to $29K/Month in 1 Year
What They Conveniently Leave Out
She Earned $667 in 1 Month by Tweeting
$53,000+ From His 1-Week Chrome Extension
$1.2 Million While In College
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$200K/Year Niche Business You've Never Heard Of
Victoria Moll has an unusual business called Contempo Coding.
How she describes it in a recent interview…
When I meet people and I'm like, yeah. I have this multiple six figure business and it's based off of medical coding. They look at me like, how? Medical coding, really?
Victoria's explanation of medical coding 👇
[It's] the process of taking different reports on patients' diagnoses, their procedures, all their services, their medical equipment, and converting them into unified codes.
Those codes are then used for insurance claims, statistical and analytical purposes, etc.
🤖 Or, as ChatGPT described it to me "as if I'm ten years old"...
It's like using a secret language to keep track of health stuff!
Okay then.
🚀 How Victoria got started with her business…
[I was] working full time for a hospital and health care facility as a medical coding auditor. And I made very good money as a medical coding auditor, but I was kind of dabbling and also doing something for myself.
YouTube has been key…
I published one of my first YouTube videos maybe in 2017, and I think it's still out on a different channel somewhere where I was just kind of experimenting with it at the time and had to put it to the side because I was going through a divorce, my mother passed away, I had moved back home with my dad.
Then…
I had passed my instructor certification in 2019 and was teaching in-person workshops and wanted to do online courses as well, which was very timely when the pandemic hit and everything had switched to online courses.
I was already starting to get set up. So my business does a lot of online education, a lot of YouTube. YouTube is really what fed all the sales for the online courses.
The first video on her current channel is from April 2019, and you can see that it's nothing fancy.
But over time she's improved her video quality and built up a following of 135K subscribers 📈 basically teaching them how to become medical coders.
And it sounds like most of her "multiple six figure" revenue comes from course sales.
You can see all her courses here, including a couple priced at $700 a pop.
She also appears to be an affiliate for this medical coding course, priced at $1599 💰
All told, I expect Victoria is earning at least $200,000 per year from her business.
She's another great example of someone earning good money in a small niche, without doing anything fancy. She's simply been providing consistent value over the years, and found a few ways to monetize her expertise.
Could you do something similar with your expertise? 🤔
Running A Lead Gen Agency From an RV
Today's email is brought to you by Local Marketing Vault.
That's our top-rated lead generation training 🤩
One reviewer writes…
I took December 2018 to watch the videos and started actively prospecting for clients in January 2019…
I have been earning a full-time income since May 2019 and have been building my business ever since. I live and run my agency full-time in my RV, traveling across the U.S. That would not be possible without Local Marketing Vault, Jason & James, and the incredible community they built.
If you'd like to build something similar, check out their free masterclass video 👈
His Telegram Software: $0 to $29K/Month in 1 Year
Julien Levallois is the founder of Sublaunch, which lets you charge people to join your Telegram channel.
In a recent tweet, Julien shares that Sublaunch has gone from earning $0 last January to $29,341 in December 🚀
In reply to a comment, he says…
I did a bit of a cold DM to find the first 15 clients. And since then, it's been growing organically through the links on the existing clients' pages.
By that he means, when you sign up for Sublaunch, you get a link like sublaunch.co/username, which you then promote so people can join your channel.
💬 Julien wrote in another tweet…
I believe that 20% of the growth is due to word-of-mouth through link visibility, while 80% is due to the fact that my current clients are becoming more profitable, and my MRR is partly correlated with theirs.
Sublaunch has a free tier where customers are charged 15% of transaction fees. Paid plans start at $49/month, with an 8% charge on transaction fees.
There's a nice viral loop happening for Julien, as his customers essentially market his product for him, and the better those customers do, the more Julien gets paid 😎
He tweeted in September…
In 9 months, Sublaunch creators generated 1 Million of dollars.
And in December…
There are currently 17,372 recurring subscriptions of our clients active on Sublaunch
That explains how he's earning $29K per month then 🤑
Even more impressive: Julien is doing the whole thing solo…
18,000$ in profits also reached because I only have 1 cost of 15$ per month, my non-dedicated shared server.
So, 99.92% of margin.
0 employees, 0 costs, 0 investors, 0 partners.
Hearing this story, you have to wonder if there are other popular apps out there that could use a subscription service layer? 🤔
The most popular messenger apps currently…
WhatsApp
Facebook Messenger
WeChat
Viber
Telegram
Snapchat
LINE
Discord
QQ
KakaoTalk
Signal
No idea if it's even possible to build a subscription service on top of some of those, but it could be worth looking into 🧐
🗂 What They Conveniently Leave Out
From the archive, published December 2022…
Zain Kahn tweets…
A lot of accounts on this website will tell you that they’re making six or seven figures working 20 hours a week.
They conveniently leave out the part where they worked 80 hour weeks for a decade to get to where they are today.
There are no shortcuts.
That reminds me of the book The 4-Hour Workweek.
Lots of great stuff in that book, but the author Tim Ferriss worked crazy hours for years to build up his business before he 80-20’d it down to a 4-hours-per-week money machine.
In short: expect it to be hard before it becomes easy.
She Earned $667 in 1 Month by Tweeting
Did you know that X (formerly Twitter) now pays you for posting on the platform?
In a recent video, Tiffany Fong shares her experience of getting paid for tweeting 🤑
She says…
$667.43 was deposited from Twitter into my Stripe account.
The way it works 👇
Account must be verified or subscribed to X Premium or Premium+ ($8/mo and $16/mo respectively)
You must have a minimum of 5 million tweet impressions in the last three months.
You must maintain 500 active followers or more.
Apparently impressions on your replies also count towards the 5M impressions needed to be eligible.
💬 Tiffany adds…
maybe 600 bucks isn't a lot to you but keep in mind I'm not that big of a Twitter account. I've only been posting on Twitter for about one year.
Currently, Tiffany has over 100K followers but she only had ~1,500 followers 15 months ago. Best I can tell, she had about 70K followers around the time of her reported earnings.
So, if there’s something that you love writing about – or posting memes about – you might want to try out Twitter 📝
Who knows, you could be the next Sheehan Quirke – also known as Cultural Tutor – who grew to 1.5M followers in 18 months writing about culture and how things change over the years.
There's also @BillyM2k, who Tiffany references in her video. Apparently he earned $37,050 from his tweets in one month 🤯
Sure, he has over 2 million followers, but he once had 0 followers, just like everyone else.
$53,000+ From His 1-Week Chrome Extension
Erwin Lengkeek is the founder of Tailscan, a Chrome extension that lets web developers design and debug websites built with the Tailwind CSS framework 🤓
In a recent interview, Erwin shares…
The recurring revenue has grown to almost $30k annually, with another $23k in one-off revenue, all with a 95% profit margin.
Pricing is a $79/year subscription or a $249 one-time fee.
👨💻 The origin story…
Two years ago I started building a product called Base Styles as a side project, hoping to make it profitable. Unfortunately, it failed to gain traction after 10 months of building… I spent way too much time without validating the idea.
So for Erwin's next try…
To decrease the risk and time spent I gave myself a challenge: build a very minimal first version of a new product within a week… I ended up rebuilding a personal tool that I had hacked together in the past. It was a simple browser extension to make live visual changes easier with Tailwind CSS.
😎 To save time when building the first version…
I consciously left some [bugs] unresolved and chose to fix or polish things up in subsequent bug fixes.
He announced the project in October 2022…
After building and posting the video on Twitter, it ended up getting 570 likes, 22000 views on the video and 82000 impressions! It felt like the complete opposite of my previous product, all of a sudden there was lots of interest with minimum effort!
Unclear how many followers Erwin had on Twitter at that time, but he still had less than 1000 a few months later, so it's not like he'd built up a huge audience already.
🚀 Launching…
During launch day, I launched both on Product Hunt and announced it on Twitter.
In the first week, I sold 40 yearly subscriptions… I decided to extend [the early-bird deal] for Black Friday (the week after) and it resulted in another 44 yearly subscriptions.
Lessons learned…
The most valuable lesson I learned from all of this is that it’s crucial to try and get people interested as early as possible, and use that momentum as much as you can.
And...
I’ve learned that consistency over a longer period of time is key to outperform competitors.
Summing up the approach that worked for Erwin 👇
Give yourself a short amount of time to build something
Announce it publicly ASAP to see if there's much interest
No need to have it perfectly polished before launch
Launch with an early-bird deal
Extend that deal if it's working
Knuckle down and focus on improving the product over time
🗂 $1.2 Million While In College
From the archive, published March 2023…
Johnny Robinson calls it a “Remote Home Service Business,” which is essentially a lead generation business for local services like…
House Cleaning
Window Cleaning
Junk Removal
Landscaping
Painting
You basically generate the leads and book the jobs – all from home – then subcontract the work out to local service providers.
Johnny did this recently with Mary & A Mop house cleaning, and reported $4000 profit his first full month, with little startup cost.
He also has a window cleaning business that has “allowed me to make over $1.2M in the last 3 years while in college” 🤯
He has an excellent thread breaking down the business model and how to get started…
The main skill you need to learn in this model is bidding/quoting jobs. In order to do this effectively, you need to know everything there is to know about the service.
Think about the industries you’ve worked in before and know quite well – could you apply this business model to one of those? 🤔
…
Thanks to Fardeen Khan for helping me write and research today's newsletter.
Hasta la próxima, rock on with your legendary self 💪
Niall Doherty – Canillo, Andorra
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P.S. Check out this free masterclass from Local Marketing Vault: How Tiny Two Page Websites Make Us $40,000/Month 💰
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