Read on Twitter
If you have a strong/long experience with something, write an ebook, create a course, create a set of videos on youtube, monetize it.
Books:
Amazon Kindle publishing
GumRoad
Course:
Skillshare
Teachable
Youtube Premium
Books:
Amazon Kindle publishing
GumRoad
Course:
Skillshare
Teachable
Youtube Premium
You may think "oh, there's already so many books, so many videos, courses out there."
That's usually when there isn't enough out there. Also, there are 1bn+ people on the web. Even if you are able to make an audience of 0.01% of that, that's still 100k people.
That's usually when there isn't enough out there. Also, there are 1bn+ people on the web. Even if you are able to make an audience of 0.01% of that, that's still 100k people.
If you make an ebook worth $5 and even if 50k people buy that, that's $250k.
If you made it into a course and sell for $200, and 1k people signed up, that's $200k.
If you made it into a course and sell for $200, and 1k people signed up, that's $200k.
If you live in a place like India, you don't even have to target that much. If someone with a Twitter following of 100k people were to write a book and price it at $5, and 1/10th of his audience pre-ordered that book, that would be good $50k just from pre-orders.
And, once you have created a book, it keeps selling every now and then after the first wave of sales. If you have put in your heart and soul into it, and it starts getting great reviews, you will keep getting sales throughout your lifetime (as you keep updating it).
Take for example, @Gautam__Baid - his book is doing so well on Amazon and it keeps getting wonderful reviews from all over the world, from diverse sections of audience. His book is a work of joy and passion. You do something like that, you'll see what leverage it offers.
Take @LifeMathMoney for instance. He's an Indian, most likely living in India. One day, he put up an offer, selling one of his ebooks (Art of Twitter I think) for about $25 (not the exact amount). He said 100 copies at that reduced price. 100 copies sold within 2 days.
Now, that's what? $2500. In INR terms, it's 1.8 lakh rupees. More than most people make in a quarter. How did that happen? He has over 150k followers on Twitter. Only 0.07% of his audience had to buy that book those couple of days.
That is a sum of money most of you bust your arse for over 4-5 months to make let alone keep. Most of you don't end up keeping that much over a year's worth of savings. But he makes it in 2 days. Does he work more than you? Probably not. He works harder than you? Most likely not.
But he's smart enough to figure out the leverage that social media provides. He shares about things he's good at, and his followers willingly pay him to teach them what he's good at. The future of education is online. 160k+ people don't follow you if you're bogus or fake.
You take any such twitter account. @david_perell started his Twitter in 2016-17. His recent Write of Passage course sold at $2000 per person at least. 200 people attended the program. It was for 1.5-2 months if I am not wrong. That's what? $400k.
That $400k is close to 3 crore rupees. That's the amount most of you replied in comments to my tweet about the sum you'd want to retire with. David was able to make that in 2 months. Of course there were salaries to be paid, other charges, but he'd have netted at least 50% of it.
Why do people pay that much to him? Coz he creates 10 and sometimes even 100x value for them. If you can save people 2 lakhs and you charge them 10-20k rupees, that's great. Any sensible person would pay. Those who crib about 10-20k rupees when you save them 2L are only stupid.
Such people who cry about spending even $200 on a course or your expertise that would save them $3000 immediately, and over $30k in the long term, don't even belong in your target audience. So, ignore them.
Likewise, if you're a legitimate trader who's successful, and you conduct some workshop that would scare away few people, and discourage people from entering trading without adequate capital, you'd have prevented people coming into option selling with 1 or 2L in their account.
For them to give you 10k to convince them that they should just not trade now, and that they should come in with at least 10L capital, is justified. Not many can convince smartly and intelligently. If you have that skill, why not use that to help retailers not bleed money?
Whether you're a real estate expert, a copywriter, a songwriter, a guitarist, a valuations expert, a fundamental analysis expert, a price action trader, a data scientist, an entrepreneur, a coder, or whatever you are, you can share your expertise online and get paid to do so.
The only point is, the value you provide should be 10x at least. If not 10x, at least better than 2x what people pay you. When you do that, more and more people will come forward willingly, pay you, and receive the value. When you create a community of such people, magic happens.
Financial Freedom is not only trading and investing. There is so much more to this. Creating multiple streams of cash flow is an important thing to do in the process of reaching your financial goals. If you're able to teach what you know and get paid for that, then why not?
Also, never think you're not good enough. You may have decent real estate knowledge in India but you'd look at @GrantCardone and feel like you know nothing. While he is at "Z", you may be at "E" or "J". Someone at "A" or "B" could still learn a lot from you on how to get to "J".
There is always someone starting from scratch, with absolutely zero knowledge, to whom someone like you at 30 or 40/100 could be immensely helpful. You don't have to be 100/100 to help people and get paid doing so, when you add immense value to them and their lives.
So, today remember this, let this be a reminder to you. Find out what all niche experiences you have in your field (or any field), find out what you can talk about for few hours. Share about that on twitter, youtube, etc. Build an audience. Then give them what they want.
