4 Business Ideas to Make $100,000 a Year
Drawstring pants are a game changer. I can't believe I didn't know about this sooner.
Belts are out. Drawstring is in.
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This edition is brought to you by The Tilt.
1. Here are 4 Business Ideas to Make $100,000 a Year
There is no shortage of opportunity in the world.
In this article, I give you 4 concrete examples of business models you can start today. These will help you earn $100,000 a year or more.
These businesses are not “get rich quick” schemes. They will take work, dedication, and focus. However, these are tangible ideas that you can put into action right now.
Let’s get started.
2. How to Be Perfect (...Not)
On this week’s episode, Ethan and I talk through my recent article on decision making.
We discuss haters, having skin in the game, how to lead teams through decisions making, how to (actually) start saying no to stuff, and a whole lot more.
Click here to listen on iTunes, Spotify, and read the full show notes.
3. The Fastest Way to Make $1,000,000
September 20th 2022
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Joe Speiser is a real entrepreneur.
He does what I want to do, except on a larger scale. I quietly watch what Joe is doing on Twitter, because one day, I want to play around in the SaaS space like he does.
This week, Joe wrote a very detailed thread that explains how you could use debt (or cash) to buy a SaaS business and flip the business for a 4X profit.
Joe's playbook makes it simple. I'm highly intrigued by this model. Once my life slows down a bit, I hope to buy or create a SaaS company of my own. I'll try to either flip it or may even grow it and add it to my portfolio.
Click here to read the full Twitter thread.
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4. New Research on What it Takes to be a Content Entrepreneur
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Subscribe today for your FREE download of this exclusive creator economy research.
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5. Don't be a "Creator", be an ENTREPRENEUR!
There is a big difference between being a creator and being an entrepreneur.
Creators make content and expect for the content to monetize itself. Entrepreneurs use content as a means of marketing their products and services. Don't be a creator, be an entrepreneur.
6. I Don't Think Your Webinar is Welcoming
Presentations, webinars, and digital seminars are becoming increasingly more popular and more lucrative. If you have knowledge to share, then a webinar based product could be the perfect business for you.
But there's a problem.
The problem is you ... you're not welcoming.
Webinars are uniquely challenging, because there is no mingling process that allows people to warm up to each other.
Imagine you're having an event or even a cocktail party at your house, well in that case, you've already adjusted to learning how to chit chat with the early arrivers.
But with a webinar, what do you do?
You probably give the same old speech that I have been giving.
"Hey everyone, we're waiting for a few more people to sign in, so just hang out a few more minutes and we'll get started soon."
Ugh - so lame.
In this article, my friend Amanda Natividad creates a brilliant and elegant way to create a welcoming atmosphere during the introductory stages of the webinar.
I loved it. I will use these methods during my next Bootstrapper presentation.
I will report back with details.
7. Embrace Bad Writing to Master Great Writing
It’s always a good time to reevaluate your habits and goals, especially if you think bad writing is holding you back from achieving your creative dreams and business goals.
Here’s what this reevaluation sometimes looks like for me:
- What should I stop doing (aka, What’s not working?)
- Is there a process I could optimize?
- Do I need to add anything to my routine?
And while you’re assessing which writing habits you’d like to incorporate or remove from your routine, I have an eye-opener that will help you approach these changes with more ease.
8. DMX - Thank You For All Your Wisdom. R.I.P.
I have a personal slack channel that I use as a swipe file.
I've had this meme pinned to the top of it so I see it every time I visit the channel. It's a daily-ish reminder to myself that the solution to almost problem in life is ... "time and attention."
Beautiful.
DMX was a real one.
9. YouTube Partner Program
YouTube announced new initiatives and ways for creators to monetize.
We have all seen the rise of YouTube shorts. YouTube is starting to create new revenue models around shorts.
Check out the formal announcement. It's worth reading and understanding.
10. Final Thought - "Stop Complaining About Interest Rates"
There's endless chatter on Twitter about interest rates. Most of it is negative, as in "i CaN't BeLiEvE tHis Is HaPpEnInG i'M sO aNgRyYyYyYaAaAyYyYY
Here's the reality.
First, even with the recent additional hike in interest rates, money is still cheaper than it has been in decades. You've been spoiled at all the free money you've had access to for the last 15 years. It wasn't long ago that typical interest rates were 18%. We need to remain humble in understanding that the price of money will fluctuate and that free money IS NOT a right, but a priveledge we have been given thanks to the free market society in which we live.
Second, I'm not happy about inflation either. The second round of stimulus checks were a mistake and caused more problems than they solved. But, if you're reading this, that alone is probably a signal that you're not living below the poverty line and that you have more access to opportunity than anyone else in the history of the world. If you took PPP money or cashed a stimulus check, then you don't have a right to complain about inflation. You were a part of the cause of inflation.
P.S. - For the record, I didn't take a single dime of stimulus money or PPP loans. So my money is where my mouth is.
Third, markets have natural booms and busts. Although they are painful, busts are good for the economy. This is where the waste is removed from the system. This is where the bad employees get fired from companies, where bad products get removed from the balance sheet, and where bad companies go out of business. This is healthy.
Granted, I am fully aware that people out there are struggling, and there's nothing about seeing people suffer that makes me happy. But you're probably not one of those people. You probably have heat, a full belly, more clothes than you need, and an iPhone.
You have the right to complain about anything you want. But, you are probably in a better position with better economic conditions than almost everyone else in the history of the world.
So let's show a bit of gratitude.
Love you guys. Talk to you next week.
Tim