From $0 to $ 5k+ / month in 5 months

[Wojnar]

Hi Wojnar.

Here there is no trick, it is very hard and smart work. In the course, I have worked hundreds of hours and I sell it for less than $ 50.

The link to my course I prefer not to give it here.

On Twitter there are many guides, I used this one:

The Art of Twitter: A Guide to Building Your Twitter Account: The Art of Twitter: A Guide to Building Your Twitter Account

It has an affiliate link, if MJ wants me to delete it, I will do it without a problem, just tell me.

Again on Twitter, there is no secret either, although this guide can save you a few months of "trial and error". It worked for me, so I recommend it.

thank you for sharing this. I was asking because I want to create some additional source of income similar to your. I have 4 years experience in excel and 1-year in Power BI. Unfortunately, I see tons of great courses available even for free. It could be hard to sell anything new in that niche.

 

[Art Vandelay]

Love what you’re doing. Thanks for sharing and inspiring.

 

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[consignia]

Best of luck on your journey!

 

[jmin]

Great work man. I love stories like these, although they make me feel like I need to pull my finger out my a$$! I just don't have the skills or knowledge yet, patience....

What's your twitter @?

Have you found most of your followers are 'money twitter' accounts?
(such as lifemathmoney)

I'm curious about whether these accounts attract like-minded people, or the 'general public'

 

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[Harsha Vardhan]

Hello, friends.

I will include some notes in my thread.

In general everything continues to go quite well, I think that as the TMF book says, we have to accelerate.

New freelance job:

I have total freedom and the client pays well, as I said, about $4.2-4.5 net per month and the work is entertaining, it is consulting.

I have a lot of freedom, in schedules and in location since I can work from home. Besides, the relationship with my boss is very good, in fact that's why this opportunity came out. Contacts are everything.

But I know that it is only a way to earn income and invest to get out of here. As a friend told me a few weeks ago if you're going to be an employee, make sure it's temporary.

In the company, the profiles are older, there are many people between 50 and 60 years old who have been doing the same tasks for the last 20 or 30 years, this for me is a real madness and I see it as a daily reminder that I do not want that type of life.

When you are in a employment that you could really live without, and you know that it is temporary, that you use it as the basis for your business and investments, everything changes. You are another animal. Although I totally respect my colleagues and employees, we are very different, we speak another language. In a way it almost makes me sad that there are people who settle for those lives, but this is not my business, I am nobody to criticize the life of each one. What is clear is that this is not my ideal life.

Online business:

It still works very well. Some month better and another worse, but I usually exceed $ 2,000 each month.

It never ceases to amaze me to earn money with your mind and not with your time, we are so psyched that money comes out of time, that it is difficult to explain the feeling of getting up in the morning and seeing that you have made more money sleeping than you will earn in an office working 8 hours.

To everyone who is starting I ask only one thing: earn your first dollar online and your mind will change forever.

Just yesterday I thought of creating a thread on Twitter, and in the end promoting my product. I thought about it while having breakfast on a terrace and jotted down some notes in my notebook, I recommend everyone to write daily, it is the best way to get to know each other and give shape to our ideas. I wrote the thread and in the next few hours it gave me $ 250 in sales. To think that an idea can make you money that fast is crazy. As they say "make money with your mind not with your time."

I'm working on new ideas for my product that I hope to finish these weeks and then I want to think about how to grow it, maybe with videos.

Investment:

One topic that I have not discussed here before is investment. As I said it is my passion and I have spent 3 years dedicated full time to this task. With what I think I have learned something.

Although the best thing is to invest in good and quality companies, we are in a historical moment in which commodities are at their lowest and the opportunity is enormous.

This is not an investment recommendation and I know of people who have lost everything in the stock market, especially investing in companies related to raw materials.

Although I'm bullish on gold and oil, the best idea I know of is investing in uranium mining companies. In the previous cycle they multiplied by more than 20 times and this I hope they do the same. In fact, it is where I had the money invested before taking it out to buy my house and I missed some huge revaluations this year, if you want more info you can follow quakes99 or watch the videos at FootnotesFirst, as I say this is not a recommendation, study your investments, this is especially volatile, I only say it to explain my way.

I have been studying it for years, I talk a lot with the CEOs of these companies and I will buy as I save each month.

Investment fund:

As you know, I left the mutual fund where I worked, a couple of months ago. I was too small and my salary was too low.

But I got out of there well, politely and cordially. Although we want to burn an office when we go out, it is key to leave cordially because in life contacts are very important and it is better to have friends than enemies.

Curiously, my ex-partner called me and told me that he wanted to increase the investment fund amount, that he was raising money and that he wanted me to manage it on my own. I don't know if it will be able to raise money, but if it does, it is another door that remains open, while I keep my current freelance job (I learned that while leaving my previous job) and my online business, it would be a third way of income. You always have to keep the doors open.

Mentality:

Since I left the fund I have an energy that I have never felt before in my life. With enormous happiness and power. I think it is a mixture of several things: finding a good job, creating my online business and knowing that I can create a source of income from nothing that gives me enough money to live, buying my house very cheap, leave the toxic environment I had with a colleague from the fund and start taking 5-HTP.

Yes, I read in this forum a few months ago that tryptophan was key to the functioning of our mind and 5-HTP was recommended, which is totally natural.

I started taking it and I have never been better, I don't remember the last time I was angry or sad. Although as I say I think there have been a series of circumstances, not only take this supplement.

I also read an interview by Matthew McConaughey recommending reading the book "Greatest Salesman In The World." It is a book that forces you to read each chapter 3 times a day for a month. They are affirmations to change your mindset.

Although I have never really believed in these things I am giving it a chance and I am doing it. As I say I am very well, but I think it is for all the circumstances that I comment.

In fact I think the main reason for my current mental strength is having had a bad time for a couple of years. When you're in the shit, you have no choice but to assume it and push forward, making you strong as hell.

Future:

I can't have more energy for the future. For example, this morning I woke up thinking why I could not have a house of $1 or $2M, that in my city they are penthouses with swimming pools and terraces. I was seeing ads on the internet. As the TMF book says, these ideas gradually change your mind. Think-f*cking-big.

I think most people think small, including me in the past. Thinking of the minimum to be free. Like to have $ 2-3K and some controlled expenses.

f*ck, we only live once, let's give it our all, to think about having millions and a house like a f*cking palace.

I'm going to give it my all in my freelance work, I'm going to improve my online product and create more, and I'm going to be filthy rich.

Will you accompany me?

Merry Christmas, 2021 is our f*cking year.

Good to hear brother.
Will be following you in this thread.

 

[mojorisin]

I will be adding in this thread my ideas and my progress.

What I have learned these months is that although it may seem counterintuitive, in 2020 we are still not aware of the revolution that the internet represents.

All my life I have been one of the people who valued the Internet the most and I see that all my life I have underestimated it.

I have heard that it is a change of the same importance as electricity or even the appearance of life on Earth.

In business, the internet allows us speed and scalability never seen before.

Now you can create a product once and sell it hundreds, thousands, or millions of times. With an additional cost of each product of zero.

Also in ideas. I am thousands of miles from you and we don't know each other, and we can share ideas in seconds.

We are at the best time in history, especially in the world of entrepreneurship.

In addition to that, the internet gives us physical and time freedom. If your business is through the internet you can work at night in Mongolia, nothing happens. You don't need to be at your NYC office at 8am.

This gives unimaginable freedom at any other time in history and you can also live in a cheaper place.

We are obliged to take advantage of this.

Soder. Great thread, inspiration, thank you for posting.

I built a tool that I have given to friends for free. Then referrals come my way, but I have not been charging for it. So I know I have a product that others will buy (value). And its my passion so if I can get started somehow, then I know I will invest my time and grow it.

I've been thinking of ways to monetize online, however not knowing where to start is overwhelming. So I end up doing nothing.

My first question: what format or tool did you create your e-book in? Did you just type it up in Word format, or is there a tool you recommend? Mine will consist of a training guide and financial spreadsheet to be downloaded.

Your formula of an e-course, selling online, using social media to promote could work. And it hits my target of time commitment for a side hustle (I have a day job) and income expected ($2k per month).

 

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[Tiago]

Great progress thread, will be following.

 

[TSM]

This is the perfect post for me this evening. Signed up a gumroad and I look forward to getting to grips with Twitter. The coaching modality I use is seriously unrepresented on Twitter and a gap waiting to be filled. Thank you.

 

[Raja]

@Soder can I dm you? I have some questions about Twitter.

 

[Kolslaw]

thank you for sharing this. I was asking because I want to create some additional source of income similar to your. I have 4 years experience in excel and 1-year in Power BI. Unfortunately, I see tons of great courses available even for free. It could be hard to sell anything new in that niche.

Wojnar don't scrap your idea, just do it better. Provided there is a need.

 

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[Kolslaw]

I appreciate step #3 "the person you should be" it emphasizes the Delta between where you are and where you need to be for the results. It's not the "Let go and let God..." or the Law of Attraction but the work it takes first to change yourself to change your results.

 

[stavedeve]

Hi, friends.

Long time without entering here, I have been advancing.

I summarize my story in case this can help someone.

1. The beginnings

I was working as a financial consultant. As a hobby, I had an investment blog, and a private banker called me to create our own investment fund.

The plan was very ambitious, so my desire and passion made me quit my job to start the project.

This was a basic mistake, you cannot, no matter how good it sounds and how much you like it, launch yourself into a business until you have a sufficient base, much less with a stranger.

2. The fall

The reality was much worse than the plan he had told me about. Much less capital to manage what meant an extremely low salary.

This made my situation dramatically worse. My income plummeted until I had financial problems since I had some debts. This led me to a situation wherein my life I thought that it would never come, not even that it could exist. How your life can change in months. My mood suffered for a few months last year.

3. The rebirth

As I read one day: "when you are in the bottom you have no other way than up."

I started looking for a better job. And I went through a process at a large consulting firm. But the COVID situation has delayed my incorporation.

Locked up at home in quarantine I had no choice but to create something. I had an old idea of creating a technical book of certain subjects that interested me and I had been studying for several years.

Finally, I had no choice but to do it, I needed this to work.

I did the best I could and then, looking for how to promote it, I saw on Twitter there were people who advertised their courses and posted them on Gumroad. Something absolutely unknown to me.

After growing nothing in two weeks, I bought one of those guides on how to grow a Twitter account, created by a guy who had 150k followers. I was very skeptical about it, but I had to try.

I created an account, I put my course on Gumroad and I started studying how to grow my account. I even signed up to a creators platform oriented to "productize" you and scale your online businesses.

Surprisingly, it started working almost immediately. Followers went from 150 to 500, then to 1,000, ... until today I have 7,000. In 3 months.

And most importantly, my course was starting to sell, in addition to the Twitter guide that I started selling as an affiliate.

March $ 100, April $ 500, May $ 2,000. This June I have $ 1,300 until today, day 15th

I'm very surprised, we are much closer than we think to create a successful business. The Internet has made it possible to do it fast if we work well. Fast, not easy.

I remember when I read @G_Alexander in the brutal thread GOLD! - 24 Years old: QUIT six-figure Job, Launched two Businesses he said he had achieved in months an income of $ 1k per month, which together with his savings and investments had allowed him to leave his job. It seemed exceptional to me to get $ 1k in months. A good base to grow. And I was able to do it.

Additionally, in the quarantine, I have been able to buy my apartment from my landlord. As my relationship with him is good, he has deducted the rents paid and left me it at an extremely low price. The apartment was valued by the appraiser 3 times the purchase price. It is a small apartment in the center of a big city. I have a small mortgage to pay each month of less than $ 300.

4. The future

My goal is freedom and being able to dedicate myself 100% to my business, in fact, I already have advanced in 2 more courses.

But I'm thinking about how to do it.

Option 1:

On the one hand, I think that I should continue working in the fund since it increases my income.

And eventually, when I can join the consultancy firm that I went through the process, take it. There is even another job, in a bank, where a friend can put me.

This would allow me to save more money, pay my mortgage in 2-3 years, and be debt-free.

Option 2:

The other option is to dedicate me to my business 100%, leaving my job at the fund. The biggest risk is that the bank asks me to deposit $ 900 a month to maintain the mortgage conditions.

I would rent it since I want and I can live in my hometown, in the countryside, where my family has 2 houses and my grandmother is very old and she is alone, and I would take advantage to take care of her. I also love being there in nature and it is an ideal environment to work in my online businesses.

I could rent my apartment for $ 1k and I would also have the income from the courses that the idea is to increase. With what seems complicated that I do not reach the $ 900 a month that the bank asks for income.

But of course, having this mortgage paid would give more peace of mind.

A friend who is on YouTube and has a channel that already has 20k followers told me that I should take this option. That there always is scary, but that I have enough security.

Another option would be to sell the apartment and invest the money in dividend stocks, which would give me an income of about $ 1.2k a month, without debt. I really like stocks, for diversification and I understand them and I can analyze them since I dedicate myself to this. But perhaps it is to think very small, of having to sell a house that I like and that is bought very cheaply. And having to pay a lot of profit taxes. I think a good portfolio must be made up of stocks and real estate, and this apartment is in one of the best areas of the city.

How do you see it, what would you do?

Lessons

• We are much closer than we think to create a business that we can live on
• The Internet has multiplied the possibilities and reduced the times of a successful business
• "Productize": Make a product or service from your experiences. Do you know how to play the guitar? Make a course. Do you work in finance? Make a manual. Do you like tennis? Make a course, classes, etc.
• Many times the best catalyst is to be in a bad situation when your only way out is to be successful. I had the idea of this course years ago and never did it until the need was real.

I want to thank @MJ DeMarco None of this would have been possible without him.
FLM changed my life, I became obsessed with it, I reread it a thousand times, I recommend it continuously and I keep it in mind every day.

And this is only the beginning.

Greetings.

Thanks for sharing your story!

 

[aero]

It was so inspring to see your struggles,development and results day by day.Well done!Hope things are going to be much better in the future for you.
I was thinking about creating a business which also depends on creating e-books in a niche area that i am interested in.What confuses me is this,should i create it in my native language or in English?Both options have ups and downs.If i create it in English,my target population will be bigger.However,if i also see a lack of products which is producted in my native language and unfulfilled potential in that area.Of course first option is over-satisfied compared to the latter.What should be my strategy?Thanks and wish everyone the best. @Soder

 

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[Ing]

Hi friends.

Thank you all very much, we are going to turn this thread into Gold, it is a matter of time.

Attached is the evolution of my weekly Gumroad payments:

View attachment 36493
The magic of compound interest and scalability.

But they are still peanuts, the opportunity on the internet is brutal. There are people making hundreds of thousands a week selling PDFs, like Chris Johnson.

The summary would be this image:

View attachment 36490

Create a product or service and leverage yourself on social networks. My advice is that you start with one, the one that best suits you, until you are big enough to go to the others. It is better to have 10,000 followers on a social network than not 2,000 on each of your networks.

Twitter is just one more social network, in fact I think it is the worst, since it has fewer users than Instagram, YouTube or Facebook. But it is the one that fit with my product, for me you have to go to the social network that best suits your product and you:

- Instagram: design, lifestyle, travel, ...
- YouTube: videos, stories, opinion, ...
- Podcast: audio, interviews
- Twitter: ideas
...

The good thing about Twitter that (I think) the rest does not have is that you can reply to an account with many followers and if your reply has value, you will immediately grab attention.

If you are interested in growing, I recommend this guide, I am an affiliate, but I recommend it because it is the one I used to reach my 20,000 followers in 10 months and be the basis of my business.

Now I am creating my own website, since social networks violate the commandment of control, since they do not depend on you. If Twitter closes tomorrow my business disappears. I need my own website, with my clients' emails (although I already have them through Gumroad).

Also, as I said, I will improve the product and do an online course, I am looking at options, maybe Mighty Networks which is a platform that they speak well of.

By the way, I am rereading TMF , every time I like our particular bible more and more.

Greetings and have a good Sunday.

Well done.

 

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[Mamot]

Just wanted to say thank you.
Very inspiring story.

 

[Soder]

@sodor - question on hosting platform. You chose gumroad, was there a specific reason? Did you consider Udemy as an option? Udemy is geared more towards "video courses". I see more and more people posting video courses on Gumroad. An advantage of Udemy is a much larger audience.

Honestly I did not do a lot of platform research. The idea was to test the idea as soon as possible and Gumroad is super simple and cheap and it was used in the niche I saw on Twitter.

The other option was Shopify but it was more expensive, with Gumroad it works for me at the moment and I'm comfortable, although I don't close the doors to change to another.

I think Udemy is more geared towards more structured courses. A friend told me that I should make a bigger version of my product, with videos etc and sell it on Udemy or similar sites for $500.

The truth is that it is something to take into account, I will think about it.

Thanks for the comment.

 

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[Minuz]

Honestly I did not do a lot of platform research. The idea was to test the idea as soon as possible and Gumroad is super simple and cheap and it was used in the niche I saw on Twitter.

The other option was Shopify but it was more expensive, with Gumroad it works for me at the moment and I'm comfortable, although I don't close the doors to change to another.

I think Udemy is more geared towards more structured courses. A friend told me that I should make a bigger version of my product, with videos etc and sell it on Udemy or similar sites for $500.

The truth is that it is something to take into account, I will think about it.

Thanks for the comment.

Amazing and inspiring story.

Would love to see a new update.
Also im curious to know where are you from and what age as i havnt seen it trough out the post.

 

[klix]

Is your twitter account identity you personally, or is it a brand?

It seems a lot easier to grow person based accounts vs brand ones. Is this correct?

 

[jfirefly556]

Thanks for sharing really appreciate it man. its so awesome hearing a story like your compared to mine and knowing how similar and different we are with our lives.

 

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[ninjacopywriter]

Hi, friends.

Long time without entering here, I have been advancing.

I summarize my story in case this can help someone.

1. The beginnings

I was working as a financial consultant. As a hobby, I had an investment blog, and a private banker called me to create our own investment fund.

The plan was very ambitious, so my desire and passion made me quit my job to start the project.

This was a basic mistake, you cannot, no matter how good it sounds and how much you like it, launch yourself into a business until you have a sufficient base, much less with a stranger.

2. The fall

The reality was much worse than the plan he had told me about. Much less capital to manage what meant an extremely low salary.

This made my situation dramatically worse. My income plummeted until I had financial problems since I had some debts. This led me to a situation wherein my life I thought that it would never come, not even that it could exist. How your life can change in months. My mood suffered for a few months last year.

3. The rebirth

As I read one day: "when you are in the bottom you have no other way than up."

I started looking for a better job. And I went through a process at a large consulting firm. But the COVID situation has delayed my incorporation.

Locked up at home in quarantine I had no choice but to create something. I had an old idea of creating a technical book of certain subjects that interested me and I had been studying for several years.

Finally, I had no choice but to do it, I needed this to work.

I did the best I could and then, looking for how to promote it, I saw on Twitter there were people who advertised their courses and posted them on Gumroad. Something absolutely unknown to me.

After growing nothing in two weeks, I bought one of those guides on how to grow a Twitter account, created by a guy who had 150k followers. I was very skeptical about it, but I had to try.

I created an account, I put my course on Gumroad and I started studying how to grow my account. I even signed up to a creators platform oriented to "productize" you and scale your online businesses.

Surprisingly, it started working almost immediately. Followers went from 150 to 500, then to 1,000, ... until today I have 7,000. In 3 months.

And most importantly, my course was starting to sell, in addition to the Twitter guide that I started selling as an affiliate.

March $ 100, April $ 500, May $ 2,000. This June I have $ 1,300 until today, day 15th

I'm very surprised, we are much closer than we think to create a successful business. The Internet has made it possible to do it fast if we work well. Fast, not easy.

I remember when I read @G_Alexander in the brutal thread GOLD! - 24 Years old: QUIT six-figure Job, Launched two Businesses he said he had achieved in months an income of $ 1k per month, which together with his savings and investments had allowed him to leave his job. It seemed exceptional to me to get $ 1k in months. A good base to grow. And I was able to do it.

Additionally, in the quarantine, I have been able to buy my apartment from my landlord. As my relationship with him is good, he has deducted the rents paid and left me it at an extremely low price. The apartment was valued by the appraiser 3 times the purchase price. It is a small apartment in the center of a big city. I have a small mortgage to pay each month of less than $ 300.

4. The future

My goal is freedom and being able to dedicate myself 100% to my business, in fact, I already have advanced in 2 more courses.

But I'm thinking about how to do it.

Option 1:

On the one hand, I think that I should continue working in the fund since it increases my income.

And eventually, when I can join the consultancy firm that I went through the process, take it. There is even another job, in a bank, where a friend can put me.

This would allow me to save more money, pay my mortgage in 2-3 years, and be debt-free.

Option 2:

The other option is to dedicate me to my business 100%, leaving my job at the fund. The biggest risk is that the bank asks me to deposit $ 900 a month to maintain the mortgage conditions.

I would rent it since I want and I can live in my hometown, in the countryside, where my family has 2 houses and my grandmother is very old and she is alone, and I would take advantage to take care of her. I also love being there in nature and it is an ideal environment to work in my online businesses.

I could rent my apartment for $ 1k and I would also have the income from the courses that the idea is to increase. With what seems complicated that I do not reach the $ 900 a month that the bank asks for income.

But of course, having this mortgage paid would give more peace of mind.

A friend who is on YouTube and has a channel that already has 20k followers told me that I should take this option. That there always is scary, but that I have enough security.

Another option would be to sell the apartment and invest the money in dividend stocks, which would give me an income of about $ 1.2k a month, without debt. I really like stocks, for diversification and I understand them and I can analyze them since I dedicate myself to this. But perhaps it is to think very small, of having to sell a house that I like and that is bought very cheaply. And having to pay a lot of profit taxes. I think a good portfolio must be made up of stocks and real estate, and this apartment is in one of the best areas of the city.

How do you see it, what would you do?

Lessons

• We are much closer than we think to create a business that we can live on
• The Internet has multiplied the possibilities and reduced the times of a successful business
• "Productize": Make a product or service from your experiences. Do you know how to play the guitar? Make a course. Do you work in finance? Make a manual. Do you like tennis? Make a course, classes, etc.
• Many times the best catalyst is to be in a bad situation when your only way out is to be successful. I had the idea of this course years ago and never did it until the need was real.

I want to thank @MJ DeMarco None of this would have been possible without him.
FLM changed my life, I became obsessed with it, I reread it a thousand times, I recommend it continuously and I keep it in mind every day.

And this is only the beginning.

Greetings.

Thank you for sharing that..I've recently came across this whole new world of people who are building their one person business online...or ghostwriting for founders, etc...this guy makes 30K per month as a ghostwriter on Twitter, started his newsletter and he used to be a journalist in NY and made 90K a year..now he makes that in 3 months!!

Ive been interested in this model of business and seeing people use Gumroad to sell their products...theres another guy who says people can monetize even with a small following.

Thank you @Soder if is ok, I will DM you

 

[Brass Pockets]

Hi, friends.

Long time without entering here, I have been advancing.

I summarize my story in case this can help someone.

1. The beginnings

I was working as a financial consultant. As a hobby, I had an investment blog, and a private banker called me to create our own investment fund.

The plan was very ambitious, so my desire and passion made me quit my job to start the project.

This was a basic mistake, you cannot, no matter how good it sounds and how much you like it, launch yourself into a business until you have a sufficient base, much less with a stranger.

2. The fall

The reality was much worse than the plan he had told me about. Much less capital to manage what meant an extremely low salary.

This made my situation dramatically worse. My income plummeted until I had financial problems since I had some debts. This led me to a situation wherein my life I thought that it would never come, not even that it could exist. How your life can change in months. My mood suffered for a few months last year.

3. The rebirth

As I read one day: "when you are in the bottom you have no other way than up."

I started looking for a better job. And I went through a process at a large consulting firm. But the COVID situation has delayed my incorporation.

Locked up at home in quarantine I had no choice but to create something. I had an old idea of creating a technical book of certain subjects that interested me and I had been studying for several years.

Finally, I had no choice but to do it, I needed this to work.

I did the best I could and then, looking for how to promote it, I saw on Twitter there were people who advertised their courses and posted them on Gumroad. Something absolutely unknown to me.

After growing nothing in two weeks, I bought one of those guides on how to grow a Twitter account, created by a guy who had 150k followers. I was very skeptical about it, but I had to try.

I created an account, I put my course on Gumroad and I started studying how to grow my account. I even signed up to a creators platform oriented to "productize" you and scale your online businesses.

Surprisingly, it started working almost immediately. Followers went from 150 to 500, then to 1,000, ... until today I have 7,000. In 3 months.

And most importantly, my course was starting to sell, in addition to the Twitter guide that I started selling as an affiliate.

March $ 100, April $ 500, May $ 2,000. This June I have $ 1,300 until today, day 15th

I'm very surprised, we are much closer than we think to create a successful business. The Internet has made it possible to do it fast if we work well. Fast, not easy.

I remember when I read @G_Alexander in the brutal thread GOLD! - 24 Years old: QUIT six-figure Job, Launched two Businesses he said he had achieved in months an income of $ 1k per month, which together with his savings and investments had allowed him to leave his job. It seemed exceptional to me to get $ 1k in months. A good base to grow. And I was able to do it.

Additionally, in the quarantine, I have been able to buy my apartment from my landlord. As my relationship with him is good, he has deducted the rents paid and left me it at an extremely low price. The apartment was valued by the appraiser 3 times the purchase price. It is a small apartment in the center of a big city. I have a small mortgage to pay each month of less than $ 300.

4. The future

My goal is freedom and being able to dedicate myself 100% to my business, in fact, I already have advanced in 2 more courses.

But I'm thinking about how to do it.

Option 1:

On the one hand, I think that I should continue working in the fund since it increases my income.

And eventually, when I can join the consultancy firm that I went through the process, take it. There is even another job, in a bank, where a friend can put me.

This would allow me to save more money, pay my mortgage in 2-3 years, and be debt-free.

Option 2:

The other option is to dedicate me to my business 100%, leaving my job at the fund. The biggest risk is that the bank asks me to deposit $ 900 a month to maintain the mortgage conditions.

I would rent it since I want and I can live in my hometown, in the countryside, where my family has 2 houses and my grandmother is very old and she is alone, and I would take advantage to take care of her. I also love being there in nature and it is an ideal environment to work in my online businesses.

I could rent my apartment for $ 1k and I would also have the income from the courses that the idea is to increase. With what seems complicated that I do not reach the $ 900 a month that the bank asks for income.

But of course, having this mortgage paid would give more peace of mind.

A friend who is on YouTube and has a channel that already has 20k followers told me that I should take this option. That there always is scary, but that I have enough security.

Another option would be to sell the apartment and invest the money in dividend stocks, which would give me an income of about $ 1.2k a month, without debt. I really like stocks, for diversification and I understand them and I can analyze them since I dedicate myself to this. But perhaps it is to think very small, of having to sell a house that I like and that is bought very cheaply. And having to pay a lot of profit taxes. I think a good portfolio must be made up of stocks and real estate, and this apartment is in one of the best areas of the city.

How do you see it, what would you do?

Lessons

• We are much closer than we think to create a business that we can live on
• The Internet has multiplied the possibilities and reduced the times of a successful business
• "Productize": Make a product or service from your experiences. Do you know how to play the guitar? Make a course. Do you work in finance? Make a manual. Do you like tennis? Make a course, classes, etc.
• Many times the best catalyst is to be in a bad situation when your only way out is to be successful. I had the idea of this course years ago and never did it until the need was real.

I want to thank @MJ DeMarco None of this would have been possible without him.
FLM changed my life, I became obsessed with it, I reread it a thousand times, I recommend it continuously and I keep it in mind every day.

And this is only the beginning.

Greetings.

Well done you

Really heartfelt story you have survived to tell, we have all been here

Lost my job last week so know what it feels like to fall, however as Malcolm X said 'stumbling isn't falling'

Already restarted my life this week taking it more seriously and building a side income, I will need another day job for a while to keep me going but the difference is this time the side income is my focus away from the daily grind

I've simply had enough of this employment security crap

Good hunting!

 

[Keushei]

Well done you

Really heartfelt story you have survived to tell, we have all been here

Lost my job last week so know what it feels like to fall, however as Malcolm X said 'stumbling isn't falling'

Already restarted my life this week taking it more seriously and building a side income, I will need another day job for a while to keep me going but the difference is this time the side income is my focus away from the daily grind

I've simply had enough of this employment security crap

Good hunting!

With employment you hand off security to your employer. You basically put your fate and security in them. Zero accountability. In my eyes it’s riskier trusting someone who’s not me be in charge of my income than myself.

 

[ateares]

thank you for sharing this. I was asking because I want to create some additional source of income similar to your. I have 4 years experience in excel and 1-year in Power BI. Unfortunately, I see tons of great courses available even for free. It could be hard to sell anything new in that niche.

I'd encourage you to try and figure it out anyways. There's always new folks in this space trying to learn and they can learn from you. You have unique perspective and work experience. We all start from nothing when we're building out a new venture.

I have a couple of buddies that are in this space and one built a brand new course from almost nothing over the past year. You can do it too.

All the best.

PS. LinkedIn is great for Excel / Power BI courses. Lots of professionals that need upgrade skills here.

 

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[aero]

Thank you so much for your kind attention and detailed explanation. @Soder

 

[mojorisin]

@sodor - question on hosting platform. You chose gumroad, was there a specific reason? Did you consider Udemy as an option? Udemy is geared more towards "video courses". I see more and more people posting video courses on Gumroad. An advantage of Udemy is a much larger audience.

 

[lswingcat]

Is this still working for you? Congratz!

 

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