eBiz Weekly #114
eBiz Weekly is a free newsletter packed with tips, insights and opportunities to build your online business. We send it out every Friday to 13,256 legendary subscribers. We also post the content of each email here on the website.
- Teach What You Know
- 100K SEO Visits in 4 Months
- 5 content-driven growth strategies
- Google Career Certificates
- $53/hour small-time YouTuber
- $49k/month on Roblox
- 41 ways to make money with video games
- No time to build your business?
- The worst business advice
- Just Start
Teach What You Know
Nathan Barry (founder of ConvertKit) is a big advocate of teaching what you know to grow an audience and make money online
He gives the example of Chris Coyier who started a site called CSS-Tricks.com, sharing fairly simple tips on CSS and HTML. Nathan didn’t think it was anything special, and was blown away when Chris raised $87,000 for his site via Kickstarter.
(That was back in 2012. As of 2017, Chris said he was taking home $100,000 per year from the site.)
Glen Allsopp put together an excellent article detailing more examples of people making money online by teaching
- $3 million a year teaching people how to use Infusionsoft
- $13,000 in 3 days teaching modeling software
- 260,000 subscribers teaching photography on YouTube
- $1 million a year teaching Microsoft Excel
- $2 million teaching Evernote
- $2000 in first month teaching school librarians
- $4.4 million teaching ACT prep
- 400,000 visits per month teaching landlords
- $1 million in a year creating lesson plans for teachers
- $1000 a month helping architects pass an exam
- Up to $297 per customer teaching Scrivener
- 90,000 visits per month teaching landlords how to use AirBnB
After all those examples, Glen goes on to share a smart strategy for building your own online teaching business.
100K SEO Visits in 4 Months
He’s using a programmatic approach to SEO, effectively summarizing other reviews online and spitting out overall recommendations.
5 content-driven growth strategies
Lenny Rachitsky breaks down 5 unique content-driven growth strategies
- User-Generated SEO-Optimized (UGSO)
- Editorially-Generated SEO-Optimized (EGSO)
- Data-Generated SEO-Optimized (DGSO)
- User-Generated Virality-Optimized (UGVO)
- Editorially-Generated Virality-Optimized (EGVO)
The aforementioned RecoRank would be DGSO.
TikTok would be the ultimate example of UGVO.
My site (eBiz Facts) is EGSO, but we’re starting to experiment with UGSO.
Lenny dives deeper on EGSO here, with 7 high-level takeaways.
Google Career Certificates
Google recently launched these online training courses:
- IT Support
- Data Analytics
- Project Management
- UX Design
- Android Development
To take the first four you’ll need a $39/month subscription to Coursera. The last course is free to take but there is an exam fee of $149 if you want to get the official certificate.
$53/hour small-time YouTuber
That’s Thomas Smith, who has 3.5k subscribers on his YouTube channel about consumer electronics
Here’s a typical video of his, talking about a tower fan for 4 minutes. He does it all in one take and never shows his face.
Thomas writes that he now earns about $53 per hour spent on his YouTube channel, and expects to earn “a comfortable low-five-figure income on the platform in 2021.”
For a platform with such a massive reach, YouTube’s revenues are surprisingly evenly distributed among its millions of creators. That’s great news for small-time YouTubers like me. I can rank 2 millionth among around 30 million total YouTube creators in terms of overall subscribers and still make thousands of dollars per year on the platform.
$49k/month on Roblox
You might have heard some buzz about Roblox this week, as the company went public on Wednesday.
Think of Roblox as YouTube for gamers. On YouTube you have video creators and video viewers. On Roblox you have game developers and game players.
YouTube pays creators 55% of ad revenue generated from their videos. Roblox pays developers 70% of revenue generated from their games
CNBC reports that Roblox paid out $328.7 million to developers last year, including…
Now, at age 20, Gawronski has his own Roblox game that he works on full time with his girlfriend, Elle Deppe. The couple, who met on the app, earned more than $49,000 in the past month from their action game, Bad Business, by selling outfits and weapons players can use to make their characters look cooler and perform better.
“In private developer communities, there were people that were making stupid amounts of money and we thought we could do that,” said Deppe, who’s also 20, in a recent interview.
If you want to learn more about creating and monetizing games on Roblox, check out TheDevKing on YouTube. Maybe start with this video where he makes a zombie defense game for Roblox in only 10 minutes
(TheDevKing is also a good example of someone teaching what they know. He probably makes more money from his YouTube channel than his Roblox games.)
41 ways to make money with video games
Check this article we put together, packed with more ideas for cashing in on a video game habit
No time to build your business?
Side Hustle Nation shares 10 ways to free up those hours
My favorite part of that article:
The next time you’re tempted to say “I didn’t have enough time,” try to replace that with the more honest version: “I prioritized something else.”
I also have an article + video on how to free up 10 hours per week to build your online business.
And if your big time-suck is playing video games, this article should help you cut back.
The worst business advice
13 professionals from the Young Entrepreneur Council were asked about the worst business advice they’ve ever heard.
Their responses, in brief:
- There’s a market for everything
- Fake it until you make it
- Open your business when you’re ready
- Follow your passion and money will follow
- Don’t reinvent the wheel
- Always be closing
- Pay yourself first
- Growth equals success
- Don’t treat team members as family
- Take the money and run
- It’s better not to take risks
- There’s no such thing as good debt
- Don’t make friends in business
Funny thing is, you can probably find a successful entrepreneur attributing their success to each piece of “bad” advice above
Goes to show how complex entrepreneurship is. The deeper you get into it, the more you realize that the best advice usually begins with, “It depends…”
Finally today, some motivating words via Twitter…
Confidence grows with action and shrinks with idleness.
You don’t need to feel confident to start.
You need to start to feel confident.
Let’s get to work
That’ll do it for this week.
Was there anything above that you found particularly useful or interesting?
I aim to pack these emails with the best tips, insights and opportunities for building your online business. Your feedback helps me do that.
Also, feel free to forward this email to a friend, or you can direct them to the online version here: https://ebizfacts.com/ebiz-weekly-114/
In case you missed em, here are the last three editions of eBiz Weekly:
- #113 – $50k/month helping Indians brag
- #112 – Selling tradelines for $1000/hour
- #111 – This digital flower sold for $20,000
- Full archive
Until next week, rock on with your legendary self
Niall Doherty – Gudauri, Georgia
By the way...
How To Make Money Online
A deep article laying out all the possibilities for making money online, based on the 6 levels and 19 types of online business.
Check out our collection of the best tools and resources for building an online business. Web hosting, email marketing, productivity, top-rated courses, etc.
A massive list of FREE Udemy courses to help build your online business. We only list top-rated courses – minimum 50 ratings – and update every 24 hours.
Find A Remote Job
See our list of the best ways to find a remote job, based on 100+ hours of research and testing.
Start Earning Online
A free crash course to help you build an online business, consists of 11 videos shot in Spain, Russia and Montenegro.
Freedom Business Builder
FBB is a private community of online business builders. Our 300+ members range from people just starting their first online businesses, to experienced online entrepreneurs earning thousands of dollars each month.