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$1 million per year from skills he learned on YouTube 💰

$1 million per year from skills he learned on YouTube 💰

September 03, 2024

eBiz Insider Business Ideas Newsletter

Hey, it's Niall 👋

September is here and we'll keep rolling with the business ideas.

I've got a fresh 5 for you below.

Also, I've published my latest batch of Momentos here if you'd like to have a read.

Let's dive in 👇

Niall Doherty, eBizFacts.com
Contributor: Fardeen Khan

FREELANCE VIDEOGRAPHY

$1 Million Per Year From Skills He Learned on YouTube

📝 From a recent profile of Ibrahim Zafar…

He had started his video production company Lens End Media at age 27, in March 2020…

By 2024, Lens End Media was bringing in 7 figures in annual sales, with more than 50 customers, including big names like Walgreens and LEGO group.

Ibrahim sold the business in May for an undisclosed sum 💰

The best part…

[Ibrahim] had taught himself video production by watching YouTube tutorials in his spare time while working as a government consultant

So he's a young guy who taught himself video production on YouTube, then built and sold a 7-figure agency in 4 years.

What if you started doing freelance videography projects in your local area, with the aim of eventually expanding into an agency? 🤔

Ibrahim's story shows you can make a lot of money this way, even if you're starting with no experience or qualifications.

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Some popular and highly rated courses there that piqued my interest…

Buy any Udemy course via the links above and you'll also be supporting this newsletter, so thank you 🙏

full disclosure | sponsorship info

IDEA FRAMEWORK

AI Tools Like This Could Print Money

🧐 Jordan O'Connor spotted a great opportunity for AI builders…

Huh... Remove dot bg is pretty expensive. I wonder what it would cost to do the same thing using an AI model.

Remove.bg is a paid tool that removes image backgrounds.

Apparently the website gets 69 million visits/month, so it's likely printing money 🤑

Jordan realized that…

Remove.bg charges $0.2 per image
AI can do the same thing for $0.0003 per image (ie. 667x cheaper)

From Remove.bg’s success stories, it’s clear they have B2B clients using them, including clothing brands.

Got me thinking: an AI-powered Remove.bg for ecom stores could do well 📈

An idea framework off the back of that…

Identify popular pre-AI tools with good revenue.
Create an affordable, niche alternative using AI.

PS. Saw this tweet by Matt Palmer after writing the above 👇

Just built and deployed a background removal tool in 20 minutes with Cursor, Claude, & Replit.

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TREND FINDING TOOL

This Makes it 100x Easier To Build a Profitable Business

Exploding Topics is a freemium tool that shows you "growing topics before they take off" 🚀

We featured the founder Josh Howarth previously, when he revealed how he came up with the idea…

I’d started to realize that it’s 100X easier to bootstrap a profitable online business if you ride a big market trend. Jump on the opportunity before the competition gets too fierce.

Josh's journey 👇

Started Trend List (now Exploding Topics)
Sold part of it to Brian Dean
And very recently: Exploding Topics was acquired by Semrush

In a video from last year, Brian revealed they were doing $3.2M in annual revenue.

So I'm guessing they sold for around $8 million 💰

Anyway, Exploding Topics is a massive resource and you can see a lot on there for free.

Have a look around, see what's trending in different industries, and it might spark an idea for you 🔥

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MEME BREAK

Getting a Job vs Starting a Business

GET HIRED

How To Earn a Living as a YouTuber From Day 1

Cecilia Blomdahl has a YouTube channel documenting her life in Svalbard, an island close to the North Pole ❄️

She has 800K+ subscribers and seems to make a good living, but I'm sure it was tough the first few years while she was building up her audience.

2 other channels on YT…

Much like Cecilia's channel showcases Svalbard, those channels showcase Tallinn 🇪🇪 and Norway 🇳🇴

But those two are official channels of tourist boards, and they've hired regular people to vlog about the area.

No idea how much those people are earning, but I expect it's a decent salary for a pretty cool job 😎

Got me thinking: if you're eager to be a YouTuber but don't want to endure years of grinding before earning a living, try pitching your local tourist board to hire you.

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