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$75,000 per month creating animated explainer videos šŸ¤Æ

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

Today...

  • $75,000 Per Month Creating Animated Explainer Videos

  • Boost Work Productivity With ChatGPT

  • New Golf Course App Already Earning $3000/Month

  • Scaled to $100K MRR in 12 Months

  • 16 Companies Dominate Google Search (But You Can Still Beat Them)

  • The Limits of Hard Work

  • No-Code GPT App: $15K in First Month

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$75,000 Per Month Creating Animated Explainer Videos

Joel Young is a voiceover artist and founder of JumpStart Video, an agency for animated explainer videos that sell for $600 to $1200 a pop.

We interviewed Joel a few years ago when he was earning $60K/month šŸ¤‘

In a recent interview, he revealsā€¦

The business currently generates about $750,000-$1,000,000 annually, with expenses coming in around 20-30% of that.

$1 million per year = $83,000 per month šŸ’°

Origin storyā€¦

I started doing voice overs as a side-hustle to get out of debt.

After a few months of growth, I noticed that many of my customers were pairing my services with video.

So, I decided to begin teaching myself to create videos as well. This way, I could pair this service with my voiceover business.

I started out on a platform called Fiverr 12 years ago, and have grown to become one of the top 5 sellers all-time on the platform.

šŸ’¬ In our previous interview, Joel revealedā€¦

In just 18 months, we had paid off $50,000 in debt, and were finally free!

Andā€¦

Unlike most businesses, since I started on a crowd-sourcing platform [Fiverr], I didnā€™t have to worry about marketing. In fact, it was 7 years before I spent a dime on marketing my business.

All I had to do was serve my clients well, put out quality work, and make sure my pages were optimized.

Check out Joel's Fiverr profile, which has a whopping 10K five-star reviews šŸ¤Æ

Most of his clients come from Fiverr and referralsā€¦

Our greatest source of new business is client referral. We currently spend very little on outside marketingā€¦

Our business is very visual. So, when we create a video and do a great job, others will see that video and ask, "Who created that for you?" That natural evolution is what typically brings us referrals.

Because Iā€™ve maintained good reviews over the years and have increased the quality of my services, Fiverr continues to bring new clients to me through the algorithms theyā€™ve developed to connect quality buyers and quality sellers.

Doing great work really is the best form of marketing šŸ’Ŗ

I also like how Joel learned how to make animated videos and combined that with his existing voiceover talents.

That boosted his offering and helped him stand out among competitors.

Is there another valuable skill you could learn that would complement what you already do? šŸ¤”

For example, instead of just offering copywriting services, you could learn how to create high-converting landing pages as well.

Want to get the most out of ChatGPT?

Revolutionize your workday with the power of ChatGPT! Dive into HubSpotā€™s guide to discover how AI can elevate your productivity and creativity. Learn to automate tasks, enhance decision-making, and foster innovation, all through the capabilities of ChatGPT.

New Golf Course App Already Earning $3000/Month

Matt Robinson is the guy behind Live Tourney.

It's basically an app that lets golf courses organize tournaments ā›³ļø

The app costs $2000 per year, per course.

In a recent interview, Matt revealsā€¦

We launched in early 2023 and are doing around $3k in MRR but growing quickly - we did just over $18k in revenue in January 2024 alone!

šŸ’” Matt loves playing golf and got the idea for the app whenā€¦

I started playing in tournaments at my home course and wished that I could see how I was doing during the event instead of having to wait until it was over.

I knew about the industry standard, Golf Genius [starting at $4200/year for public courses].

After talking with the head pro at the course, I learned that they didnā€™t use it because the product was incredibly expensive and difficult to use.

Other players at the course shared that they had tried using Google Sheets as a live leaderboard in the past, needless to say, that wasnā€™t a great solution.

Good to keep in mind: whenever you see someone using a spreadsheet as a make-shift solution, you may be looking at a business opportunity.

Maybe you're using a spreadsheet in this way yourself? šŸ¤”

Matt started building his app in April 2022ā€¦ 

The first time Live Tourney was tested for a real round of golf was on June 7th, 2022.

He then brought in his friend Henry Face, a salesperson, as co-founder andā€¦

Our first paying customer came in January of 2023ā€¦ The first few months after ā€œlaunchā€ were spent fixing bugs and urgently responding to requestsā€¦

Weā€™ve been profitable since Day 1 since it doesnā€™t cost much to run the business. Outside of one-time fees to start the LLC, our expenses are around $100 per month!

šŸ˜• Convincing courses to use the product has been toughā€¦

Regardless of what software (or no software) a course uses, making a change is a big deal and requires a bit of upfront work for them to get everybody on board.

Itā€™s our job to convince them that the experience is better in the long term since we have a better product that is also much more affordable.

Andā€¦

Our most successful method for finding new customers is through cold calls and cold emails.

It continues to surprise me how many courses respond positively and take a demo with us.

This doesnā€™t scale all that quickly, but weā€™re happy to continue to do things that donā€™t scale at this stage and grow sustainably.

The app is apparently doing $36K/year in revenue now, so, they likely have 18 courses on board.

One thing I noticed is that you can sign up and try Mattā€™s software directly whereas competitor Golf Genius requires you to contact them for a demo/quote.

That's a nice differentiator šŸ‘Œ

(Also, Golf Genius say they have 10K+ customers. At $4200 a pop, they could be doing $40+ million in annual revenue! Lots of potential for a competitor to come in and shake things up.)

šŸ„³ The moment Matt knew he was onto somethingā€¦

The biggest surprise fan of the product was an 80-year-old man. His wife was the fan because, for the first time, she was able to follow her husbandā€™s round and track his progress on her phone at home.

Matt's advice for aspiring entrepreneursā€¦

Just start. Start by doing the first thing you can think of to move the needle on your idea. Pulling that string will unveil what the next few things are and after you continue doing this for days, weeks, months, and years, itā€™s pretty incredible what can happen.

Figure out the things you need to do to make that first dollar, because that feeling is electric.

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šŸ—‚ Scaled to $100K MRR in 12 Months

From the archive, published September 2022ā€¦

Thatā€™s what Rinat Khat has done with Insquad, a marketplace for hiring senior remote developers.

Rinat tweets that his previous startup failed to scale beyond $25K/month, but heā€™s done seven things different this time around to hit $100K MRR fast šŸš€

This one resonates most with meā€¦

Then: spending too much time on tasks I understand best
Now: prioritizing bottlenecks
Insight: your startup wonā€™t grow if you focus only on tasks youā€™re comfortable doing

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