The Future Belongs to Creators A Step-by-Step Guide to Achieving Your Minimum Viable Income
Jul 6, 2020
45:04
A great way to create a step-by-step guide is to start with where you want to be and work backward. We’ve got advice, we’ve got spreadsheets, we’ve got answers! This episode has some visuals and math, so you may want to check out the YouTube video as well.
Also, a very special Happy Birthday to Nathan Barry, he turned the big 3-0 at the recording of this episode.
Main Takeaways
- Think about your business in terms of the bottom line. Know that a lot of the money you bring in will likely have to go toward something: ads, designers, marketing, etc.
- Cater your products to your different audiences: a high-end product and a low-end one. The higher-end product will almost certainly bring in more revenue.
- Open rate is not a short-term metric but a long term one that you should optimize for over the next several months.
- Just because someone didn’t buy the first time doesn’t mean that they won’t buy the next time.
- Consistency in creating is key in this money-making scenario.
- It’s easier to earn more than to cut your expenses and save your way into income.
Links
Creators of the Day
Resources of the Day
Thought of the Day
“Income is an output of a lot of different factors and if you start thinking of your business in the terms of the income you want, it will become much easier to focus on specific levers you can pull to make that income happen” ~ @barrettabrooksStart building your audience for free
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