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Making $1 on the internet changes your entire mindset around building income online.
Once you realize you can make $1, you know you can make $10. If you can make $10, you can make $1,000.
And it's easier than you think:
๐๐ฒ๐ฟ๐ฒ'๐ ๐ต๐ผ๐ ๐๐ผ ๐บ๐ฎ๐ธ๐ฒ ๐๐ผ๐๐ฟ ๐ณ๐ถ๐ฟ๐๐ $๐ญ ๐ผ๐ป๐น๐ถ๐ป๐ฒ (๐ถ๐ป ๐ฐ ๐๐๐ฒ๐ฝ๐):
๐ฆ๐๐ฒ๐ฝ ๐ญ: Talk to people to understand their common problems
๐ฆ๐๐ฒ๐ฝ ๐ฎ: Grow a small audience around solving that problem
๐ฆ๐๐ฒ๐ฝ ๐ฏ: Build a small email list of interested people
๐ฆ๐๐ฒ๐ฝ ๐ฐ: Use the easiest, cheapest, most familiar tech stack
Let's break them down further:
๐ฆ๐๐ฒ๐ฝ ๐ญ: ๐ง๐ฎ๐น๐ธ ๐๐ผ ๐ฝ๐ฒ๐ผ๐ฝ๐น๐ฒ ๐๐ผ ๐๐ป๐ฑ๐ฒ๐ฟ๐๐๐ฎ๐ป๐ฑ ๐๐ต๐ฒ๐ถ๐ฟ ๐ฐ๐ผ๐บ๐บ๐ผ๐ป ๐ฝ๐ฟ๐ผ๐ฏ๐น๐ฒ๐บ๐
Too many people are quick to launch a brand, course, or service around a problem they havenโt validated as being extremely painful.
Remember: everyone has problems. But people pay for 4 things only:
โข Time
โข Money
โข Sex
โข Approval/peace of mind
(๐พ๐ง๐๐๐๐ฉ: ๐พ๐ค๐ก๐๐ฃ ๐ฟ๐ค๐ฌ๐ก๐๐ฃ๐)
What can you help people achieve? Who is 2-3 years behind you on their journey? Find those people and talk to them.
Find out what is keeping them from their goals:
1. Talk to 10-20 people
2. Listen for common problems
3. Put together a simple & unique solution
4. Help them overcome those problems
That solution can be as easy as a short coaching program, a 7-day email course, or an eBook.
Next, youโll need to make people aware that you exist and can be helpful.
๐ฆ๐๐ฒ๐ฝ ๐ฎ: ๐๐ฟ๐ผ๐ ๐ฎ ๐๐บ๐ฎ๐น๐น ๐ฎ๐๐ฑ๐ถ๐ฒ๐ป๐ฐ๐ฒ ๐ฎ๐ฟ๐ผ๐๐ป๐ฑ ๐๐ผ๐น๐๐ถ๐ป๐ด ๐๐ต๐ฎ๐ ๐ฝ๐ฟ๐ผ๐ฏ๐น๐ฒ๐บ
Once you understand peopleโs most painful problems, and you have a solution to solve them, you need to generate awareness for yourself as a potential problem solver.
So start creating content online, every single day that shows off your expertise.
Look at the number of people who have built huge income streams around being known for solving one very specific problem.
โข Better jobs: Austin Belcak
โข Unlock my potential: Dan Koe
โข Write better emails: Cold Email Wizard
They stay on message and on topic. Their content helps people solve these problems.
๐ฆ๐๐ฒ๐ฝ ๐ฏ: ๐๐๐ถ๐น๐ฑ ๐ฎ ๐๐บ๐ฎ๐น๐น ๐ฒ๐บ๐ฎ๐ถ๐น ๐น๐ถ๐๐ ๐ผ๐ณ ๐ถ๐ป๐๐ฒ๐ฟ๐ฒ๐๐๐ฒ๐ฑ ๐ฝ๐ฒ๐ผ๐ฝ๐น๐ฒ
Once you create content around solving a specific problem, youโll attract a small audience. But an audience is a finicky thing. Because youโre always at the mercy of each social media platformโs algorithm.
Thatโs why I recommend building a small email list of interested people. A really simple way to do that is to offer something valuable in exchange for their email address.
That can be a lead magnet like:
1. A checklist
2. A worksheet
3. A video lesson
4. Free toolkits & resources
You want to make sure that whatever you offer, itโs directly related to the core problem youโre solving.
๐ฆ๐๐ฒ๐ฝ ๐ฐ: ๐จ๐๐ฒ ๐๐ต๐ฒ ๐ฒ๐ฎ๐๐ถ๐ฒ๐๐, ๐ฐ๐ต๐ฒ๐ฎ๐ฝ๐ฒ๐๐, ๐บ๐ผ๐๐ ๐ณ๐ฎ๐บ๐ถ๐น๐ถ๐ฎ๐ฟ ๐๐ฒ๐ฐ๐ต ๐๐๐ฎ๐ฐ๐ธ
Once you have a great lead magnet, you need to offer it somewhere.
This is the part that trips up 90% of people I see trying to make income on the internet.
Donโt overcomplicate this.
Start with a tool like Stan Store or Gumroad.
Just pick what you know how to use!
When people enter their email address, deliver the lead magnet.
Once you have a few hundred emails, send an email out to people offering your unique solution that we discussed earlier.
(Note: You can choose to leverage an expiring discount to create urgency, should you want to.)
If people want to pay, make it easy.
Send them to your Stan Store or Gumroad payments page.
If you offer a service, redirect them after payment to a link to book time with you.
If you sell a product, deliver the product via email or host it on a platform like Stan.
๐๐ผ๐ป๐ฐ๐น๐๐๐ถ๐ผ๐ป:
This is just one of many ways to earn your first $1 on the internet, so feel free to pick out things you learned in this issue and apply them to your unique situation.
If you already have a nice following on social media, you can eliminate step 2 and simply start talking to your audience to understand their common problems.
Sometimes, you don't need a lead magnet and instead can simply promote your product or services directly on X or LinkedIn.
It's up to you to get creative, and I hope this issue has given you something to think about in your journey.
๐ง๐ต๐ฎ๐'๐ ๐ถ๐: ๐ฐ ๐๐๐ฒ๐ฝ๐ ๐๐ผ ๐๐ผ๐๐ฟ ๐ณ๐ถ๐ฟ๐๐ $๐ญ ๐ผ๐ป ๐๐ต๐ฒ ๐ถ๐ป๐๐ฒ๐ฟ๐ป๐ฒ๐.
Hope you enjoyed it.
40 FREE STARTUP IDEAS ($100 MRR-$1M MRR ideas)
1. build browser extension detecting duplicate GPT-4 queries. startups wasting $5k/month on repeated prompts. one plugin saves companies 30% on OpenAI costs.
2. directory of tech companies still paying for empty offices. brokers need sublease prospects. charge $500/month for verified matches.
3. AI turning support transcripts into API docs. engineers waste weeks writing documentation. charges $2k/month to auto-generate.
4. alert system for startup hiring pages >$10M raised. recruiters checking careers pages daily. makes $15k/month from layoff signals.
5. AI catching Stripe webhook failures and auto-fixing. companies losing $10k/month to failed payments. charge per recovery.
6. marketplace for crypto-friendly accountants. startups getting rejected by traditional firms. matchmaker makes $20k/month.
7. AI analyzing GitHub to predict trending dev tools. VCs paying $5k/month for early adoption signals.
8. Slack scanner finding sensitive data sharing. companies violating compliance. $1k/month per security audit.
9. AI turning raw sales calls into pitch snippets. sales teams recreating same demos. saves 10 hours per rep weekly.
10. database of startups outgrowing HubSpot. some companies overpaying for basic CRM. charge sellers for leads.
11. AI generating industry-specific privacy policies. lawyers charging $2k for templates. $100 per document.
12. marketplace for fractional dev advocates. startups can't afford full-time. platform makes $30k/month matching.
13. AI monitoring competitor pricing changes. product teams missing market shifts. $200/month for alerts.
14. Figma to React component converter. developers spending days on UI. charge per export.
15. AI analyzing VC rejections for feedback. founders missing improvement signals. charge per analysis.
16. tool finding unused SaaS credits. startups waste $50k/year on tools they could get free. charge 20% of savings.
17. AI generating custom investor updates. founders spending 5 hours monthly. one tool makes $10k/month automating.
18. marketplace for cancelled conference booths. last-minute spaces go empty. broker makes $25k/month reselling.
19. AI scanning terms of service for hidden fees. companies missing subscription traps. charge per scan.
20. directory of startups offering AI APIs. developers need GPT alternatives. monetize through affiliate.
21. tool turning spreadsheets into mobile apps. small businesses need custom apps. charge per publish.
22. AI monitoring Twitter for customer complaints. support teams missing mentions. $300/month per brand.
23. marketplace for startup-ready CFOs. companies need part-time finance. $40k/month in placement fees.
24. chrome extension saving LinkedIn to HubSpot. sales teams copying manually. charge per sync.
25. AI generating personalized cold emails. founders spending hours on outreach. $500/month per campaign.
26. tool finding underpriced micro-SaaS. investors manually tracking small companies. charge for deal flow.
27. AI detecting fake reviews on product sites. brands losing sales to competitors. $1k/month per scan.
28. marketplace for verified white-label agencies. founders waste weeks finding contractors. charge listing fees.
29. AI turning blog posts into Twitter threads. content teams duplicating work. $200/month per brand.
30. database of remote dev teams for hire. startups overpaying recruiters. charge teams listing fees.
31. tool monitoring AI hallucination rates. companies blindly trusting outputs. charge per check.
32. AI analyzing Zoom calls for sales insights. calls have gold but no one rewatches. $100/seat monthly.
33. marketplace for startup acquisition targets under $5M ARR. charge for deal access.
34. AI turning product screenshots into landing pages. marketers spending days designing. charge per page.
35. tool finding open source alternatives to SaaS. companies overpaying for basic features. affiliate revenue.
36. AI generating custom app store screenshots. developers using generic images. $50 per app update.
37. marketplace for vetted startup lawyers. founders overpaying for basic docs. charge introduction fees.
38. tool tracking competitor GitHub activities. teams missing tech stack changes. $300/month per company.
39. AI turning user feedback into feature specs. product teams misinterpreting requests. charge per analysis.
40. database of agencies seeking acquisition. buyers can't find sellers. charge for deal access.
hope this got your creative juices flowing.
i live to serve.
feel free to steal, feel free to share.
happy building.