⚡ 💡Billion Dollar Creator - IdeaEconomy 💡⚡

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Wednesday, February 9, 2022

“When considering a new project or opportunity, one of the first questions to ask is, “How do I want to spend my days?”

– James Clear

Greetings!

Thank you for reading IdeaEconomy. I appreciate your attention!

Can you please take 2 seconds to click the one link that describes you best?

I most want to:

► Find a new business idea.
► Grow my audience.
► Improve my online business skills.

The links take you to my archives, but there is nothing to fill out. This will help me to focus the content better for you.

Billion Dollar Creator

Shaan Puri and Sam Parr interview Nathan Barry of ConvertKit.

The best part of this interview starts at 15:40.

They discuss Nathan Barry's famous The Billion Dollar Creator framework.

RULE #1: Build more than a personal brand
RULE #2: Sell products, not attention
RULE #3: Driver higher customer value through recurring or repeat purchases
RULE #4: Choose a better business model

Big Idea: Don't sell attention to your audience. Sell your own products.

Sponsored content is not that profitable. The best thing to do is to create your own product and to drive that attention to where you build equity long-term.

youtube.com

How to Make Money Online - Writing vs YouTube

Ali Abdaal and David Perell discuss the paths they took to become million-dollar creators through writing and YouTube.

They discuss how to get started, their tips for getting better, how to identify & use your unfair advantages, and the different ways to monetize an audience.

youtube.com

The New Creator Manifesto

Gina Bianchini, CEO of Mighty Networks, discusses the burnout and frustration creators are going through to keep up with the treadmill of creating content every day.

Big Idea: Forget the creator economy, a community economy can be much more sustainable.

You don't need thousands of people in a community to make a living. Whereas, you need millions of followers to make money on the big platforms.

Related Links:
Why Community Might Be The Answer to Creator Burnout

Should You Have an Online Community for Your Customers?

apple.com

Content Quantity for Content Creators Brings Quality

"If you only create a few things, you are doomed. Here’s how content quantity can help creators avoid that catastrophe."

Related Link:
How I am building a content engine

thetilt.com

15 million followers in 2 years

"Many people give up very early. They see five posts, no traction, they give up. It took me over hundreds of videos to get to where I am, honestly, thousands of videos. I didn't give up every single day. I just posted content over and over again, and finally, something started blowing up. So make sure you stick to it."

"After I realized that affiliates could bring in way more money, I stopped doing brand deals altogether just because you can get a lot more traction through affiliate marketing if you do it right."

supercreator.ai

50% of Success is Market and Idea Selection

This is a short tweet but a huge insight.

Many people say that ideas are worthless and execution is everything. However, growth is so much easier when you start with a good idea.

"A big mistake many first-time founders make: Spending too little time on market + idea selection. 50%+ of the outcome of your startup is baked into what you decide to work on and when."

My favourite quote on this topic is from James Clear;

“If you're not working hard, ideas don’t matter. The best idea is worthless without execution.

If you're already working hard, ideas are crucial. Most effort is wasted on mediocre ideas.”

via @producthabits

twitter.com

How to get your first 1,000 email subscribers

A deep dive into the strategy, tools, and tactics used to grow The Ask newsletter to 1,000 subscribers on Substack in 2021.

substack.com

The Bizarreness Effect - Make your content stand out

Another insightful post from Jake McNeill at CreativeHackers.co.

"Bizarreness makes things more memorable. They jump out at us and are easier to recall.

People also gossip about bizarre things. There is social kudos in delivering stories about bizarre and unusual things.

Blackbeard used bizarreness to frighten his enemies but also to create a mythical persona that people gossiped about which increased his effectiveness and success as a Pirate."

substack.com

From 6-Figure Blog to 7-Figure Online Business

"From a $10,000 a month “blog” to a 7-figure “Media Company”, a lot can happen in five years."

Big Idea: The most successful creators are becoming media companies. How would your approach to content creation change if you acted as a company instead of a lone creator?

sidehustlenation.com

Master Essential Creator Skills

Here is a selection of the best links I've found this week to level up your creator skills.

15 Brief Tips to Instantly Improve Your Writing - dariusforoux via @thomasdeneuville

Keyword Research Tutorial: 3-Step Process (for Beginners & Pros) - semrush

Writing tips: Why simple is smart - theatlantic

Improve your SEO without writing new content - neilpatel

Finding New Readers for Your Blog with Guest Posting - problogger

200+ Growth Ideas - via @growthtools

How to Self Publish a Book as a First Time Author - convertkit via @iainbroome

Grow your Twitter Following with these tools - makadiaharsh

If you enjoy the newsletter, please let me know! I'd love to hear from you.

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