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$190K per year selling e-paper templates 🤯
Welcome to a fresh edition of eBiz Insider, my free newsletter packed with tips, insights and opportunities to build your online business.
Today...
$190K Per Year Selling ePaper Templates
Built & Sold a Website for $89,300 in 2 Years
Perfect Side Project Has Earned Him $399,109
$114K/Year Listerine Mouthwash Royalties
3 Beliefs That Hold You Back From Business Success
His AI Language Learning App: $9K/Month in 16 Months
$16K/Month From 2 Websites
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$190K Per Year Selling ePaper Templates
Check out ePaperTemplates, an Etsy store that provides "functional templates for ePaper tablets."
They design and sell templates – eg. daily planners, to-do lists, calendars – for devices like reMarkable, Amazon Kindle Scribe, BOOX Note, and Supernote 😎
Per a recent profile by Capital Friday…
Shop started in 2020. Sold 64,000 units at an average price of $9 USD. So around $190k per year in revenue… For a digital product. Fulfilled by Etsy.
And here’s the interesting part. There’s only 24 items in the shop. Not 2,000 designs that can be put on a shirt or pillow. Now that’s a side hustle!
Could there be room for competitors in this niche? 🤔
Capital Friday found at least one other store that's gaining traction…
[AFearlessVenture] started five months ago and has almost 600 sales with 19 files. The dream is still alive.
If you’re trying to do this make sure to have a starting marketing budget and put around 20% of revenue into Etsy ads to build momentum.
🧐 A quick search on YouTube can teach you how to build these templates yourself.
First step though would be to research and find out what kind of templates people are searching for, and which ePaper tablets are worth building for.
Built & Sold a Website for $89,300 in 2 Years
Today's email is brought to you by Income School's Project 24 🤩
That's a highly-rated course to help you build a successful blog.
You can check out 30+ student reviews of Project 24 on my site.
Here's what one student had to say…
Following the teachings, I built a website in 1-2 years that sold for $89,300 after all expenses related to the sale and was making $3000+/mo in profit.
… The course material is good and precisely what beginner bloggers need to start producing a moderate income on their own.
Project 24 is now more affordable than ever, having recently introduced a $30/month payment plan 👍
Perfect Side Project Has Earned Him $399,109
Peter Askew is the guy behind RanchWork, a ranching job board that makes $7,400/month 🤑
He recently tweeted…
can't find a project to build?
go build a niche, boutique job board, and dote on that community like it was your god-child.
Alongside that he shared a screenshot of a Google search for "welding jobs" 👀
Sites like LinkedIn and Indeed show up atop those search results because there is no specialized job board for that kind of work.
💬 Peter adds…
results like this tell me one thing: google WANTS to rank something better. ANYTHING. but no one has built it.
the profit-margins of a job board trump every project I've ever run.
job boards can be built by non-coders. if you're a coder, even better.
job boards can be built by solo builders.
they are the perfect side project, or better yet, (eventual) full-time job. you're helping people find new, better jobs. What beats that?
He's right: job boards can be built easily, using a platform like JobKit (free but they take a 10% cut of your earnings) or Job Boardly (paid).
For example, it took me only 10 minutes to build this demo job board for welding jobs with JobKit 💪
Of course the hard part is getting traffic.
A comment on Peter's tweet….
Indeed and LinkedIn are very hard to outrank.
And Peter's reply…
people said the same thing to me when I started building RanchWork.
🚀 He launched RanchWork in 2014 and has been at it ever since, steadily growing the annual revenue over the years…
$399,109.44
that's how much RanchWork․com has generated over these past 10 years.
oh - that's right, I shouldn't have built it, cause they told me to focus on "one project” 🤔
Sounds like he only spends a few hours a week on it, so it's a nice and profitable side hustle.
To start your own job, Peter recommends…
go window shop niches on Indeed, pick one that seems interesting with lots of search volume & activity, buy a good-enough .com, and get to work.
there is so much opportunity in this niche, I sometimes go 🍌🍌🍌 cause I can't build it all.
🗂 $114K/Year Listerine Mouthwash Royalties
From the archive, published May 2022…
Check out RoyaltyExchange.com 👈
It’s a marketplace where you can buy and sell royalty rights.
The highest listing on there right now is for Listerine Mouthwash Royalties. That pays out $114,253 per year, and the listed price is $1,795,000.
Buy it for that price, and you’d earn your investment back in about 16 years. After that, seems like it’d be $114K per year passive income 🤑
3 more listings on there that caught my eye…
Music In The Award-Winning “Shrek” Film Franchise: $78,190 last 12 months’ earnings, $925,000 list price.
Cold Case + More – TV and Film Cues: $63,032 last 12 months, $746,795 list price.
Bad Company Sound Recording Royalties: $33,352 last 12 months, $525,000 list price.