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$10 million writing business (nothing passive about it) šŸ„µ

eBiz Insider

Hey, it's Niall šŸ‘‹

See the "listen online" link above?

Click that and you can listen to this newsletter read aloud by an AI voice, speed adjustable.

Since there was no Irish accent available, I went with the voice that sounds like David Attenborough šŸ¤£

Useful feature?

Let me know via the links at the bottom of the email.

Alright, let's get stuck into the good stuff.

SELLING COURSES | MINDSET

$10 Million Writing Business: Nothing Passive About It

šŸ’¬ Nicolas Cole tweetsā€¦

Our portfolio of writing businesses recently crossed $10,000,000 in lifetime sales.

ā€¢ Ship 30 for 30 [course + community]
ā€¢ Write With AI [paid newsletter]
ā€¢ Premium Ghostwriting Academy [course + community]

This is lifetime revenue (combined over the past 3 1/2 years) across our portfolio of writing businesses

Nicolas and his co-founder Dickie Bush started Ship 30 for 30 back in 2021, where youā€™d join a cohort, write and share your writing for 30 straight days.

In the tweet, Nicolas goes on to share some lessons learned en route to $10 million šŸ’°

Such asā€¦

People drastically underestimate how much work all the above takesā€¦

Over the past ~4 years:

ā€¢ I have written and re-written our entire Ship 30 curriculum 10+ timesā€¦

ā€¢ I wrote thousands of tweets and Twitter threads to drive trafficā€¦

ā€¢ I wrote the entire Premium Ghostwriting Academy curriculum (100,000+ words). Then, a year later, I re-wrote the entire thing because hundreds of students had gone through it and we knew how to make it better. Another 100,000+ wordsā€¦

ā€¢ And every Black Friday, in a sprint (usually 2-3 weeks), not only did I write an entire new product we could sell, and an upsell order bump product, but I also wrote all the marketing sequences and upsell sequences.

He actually had like 12 bullet points there; I just picked some juicy ones.

All told, Nicolas estimates that he wrote "several million words" in the 3.5 years šŸ„µ

He continuesā€¦

Any creator who says, ā€œI make $9 million dollars per month only working 30 minutes per dayā€ is lying for clickbaitā€”and it drives me nuts, because it trains the next generation of entrepreneurs to think this sort of stuff is ā€œeasyā€ when itā€™s not.

It takes serious work.

Next lesson learned šŸ‘‡

Thereā€™s no such thing as ā€œpassive incomeā€ā€¦

Like most things in life, but especially when it comes to digital products, the moment you start to ramp down ā€œeffort,ā€ revenue goes down with itā€¦

if you want your business to keep generating cash, you need to keep deploying effort.

Thereā€™s nothing ā€œpassiveā€ about it.

Check the full tweet for lessons on pricing, business models, and more.

AMAZON | SPONSORED

The Easiest Way To Make $100/Day in 2024?

Today's email is brought to you by Product Review Profits.

That's a new training by Authority Hacker and Jared Bauman.

Jared is the guy who earned $40,000 in his first year doing video reviews of everyday products on Amazon šŸ‘€

Product Review Profits is where he spells out exactly how he did it, step by step.

They're calling it "the easiest way to make $100/day in 2024"

A big claim, but I've seen inside the training and it's hard to argue.

It went on sale a few days ago and they're still offering a 50% launch discount.

SAAS | BUSINESS IDEAS

This Niche Software Makes $416,000 Per Month

Daniel Ruscigno is the co-founder of ClinicSense, which isā€¦

A software platform that helps health and wellness practitioners run their businesses smoothly. Its all-in-one system includes online booking and scheduling, charting, finance, and communication tools.

Per a recent interview, the business is currently earning $5 million per year šŸ¤Æ or $416K/monthā€¦ 

ClinicSense launched 12 years ago and is now a successfully bootstrapped and profitable company with a close-knit and fully remote team of 15ā€¦

Today we have just over 7,500 users across ~4,500 accounts. All paid.

šŸš€ How it startedā€¦

The idea for ClinicSense stemmed from [co-founder] Mike's experience working for a marketing agency that specialized in marketing services for wellness business owners.

This agency encouraged business owners to spend a lot of money on a marketing service called ā€œrecall cards.ā€ Recall cards are those old-school postcards sent in the mail to get you to book your next appointment.

This mail-out method was expensive, but Mike saw an opportunity to automate it using software that would save the business owners money and be more effective in helping them grow their businesses.

Initially, Mike approached his boss to see if he would be interested in sourcing or building a solution based on his idea ā€”but he wasnā€™t.

Thatā€™s when Mike came to me to discuss launching a business (we are cousins!)

Tractionā€¦

We attended several conferences to share our product with the different niches in the preventative health space. That's how we discovered that massage therapists had the strongest reaction to what we were building, so we started thereā€¦

After we validated that we had ā€œproduct-market fit,ā€ we ran ads on Facebook and Google to attract more customers.

Another key factor in our early days to gain momentum was, after gathering enough clout and customers in the space, we approached some of the large massage therapy associations to form partnerships.

Content marketing has also been big for them, in the form of educational blog posts and free printable templates šŸ–Øļø

Daniel's advice for aspiring entrepreneursā€¦

Iā€™d recommend that you start small. Build an MVP quickly and try to get customers fast.

Donā€™t try to perfect your product; you donā€™t need something perfect.

You need something that you can sellā€¦

To stand out from the crowd, I recommend niching down and doing something for your niche that nobody else does.

Thatā€™s your best shot at being successful.

I love that they started with massage therapists šŸ˜

And I bet there are still plenty of niche professions that could use some tailor-made software.

Do you know someone who works in a niche profession?

You could try chatting with them, see if there's a need for something like ClinicSense in their industry šŸ§

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