Niall Doherty's Blog, page 37
December 26, 2024
He Turned $20K into $1.7M Trading Crypto
Craig PercocoCrypto Trader $1.7 Million revenueA recent video from Craig Percoco…
He begins…
Starting with about $20,000 in 2021, I’ve now been able to turn that into a 7-figure crypto portfolio by following my game plan using strategic compounding and understanding market cycles
On screen he shows a portfolio balance of $905,564 from a couple of weeks before the video was posted.
And the video title implies he’s earned $1.7 million overall.
Craig emphasizes the importance of managing your emotions in this line of work…
Most people are following normal human intuition, which is the exact opposite of how you should act when investing…
You have to fight every natural tendency you have as a human being to invest at the right time…
People only want to start buying when prices are high because it feels safe, but that’s usually the worst time to invest.
Also risk management…
Not every investment will succeed, which is why it’s critical to diversify and not overexpose yourself to any one asset.
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He Turned $5 into $1000 in 4 Days Trading Forex
Anthony AlvarengaForex Trader $12 Million revenueA recent video from Anthony Alvarenga…
He says in the video…
I have $3 million in cars, $10 million in houses, and I’m making about a million a month overall
Sounds like not all that money has come from trading forex, as he mentions earning up to $100K/month teaching as well.
And it was slow in the beginning for Anthony…
This did not happen overnight, this took years… it took years for me to finally turn $100 into $10,000
Another recent video from Anthony that highlights his expertise…
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$500/Month Software Business (With Big Potential)
Josh StrangeFounder of GrubBux $500 average monthly revenueAn annual thread on HackerNews…
Ask HN: Those making $500/month on side projects in 2024One response 
I have a side business when I provide software for online and in-person festival payments (entry/food/drinks). If you take the total revenue (or profit) for the year and divide by 12 I’m well over the $500/mo limit.
I currently do 3 festivals a year which all pretty much fell in my lap, I’ve yet to start any sort of sales/marketing due to being busy with my day job/life and not wanting to grow too fast…
Each new festival has new needs but I’m starting to get fewer feature requests and less I need to build for each new client which is nice.
Lots more details in the full post + comments.
Pretty sure this is the business: GrubBux
Sounds like there’s a lot of potential for software like this, but OP isn’t in a position to capitalize.
Could you? 
Or if you’re a marketing person, perhaps there’s a partnership opportunity there.
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Our goal at eBiz Facts is to give you accurate information about online business so you can gain clearer insights, make better decisions, and achieve your own success.
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They’d Pay $1000/Month For This Productized Service
Olly MeakingsCo-founder of Senja.io $48,000 monthly revenueOlly Meakings is the co-founder of Senja.io, software to help you collect and share customer testimonials 
The business was at $2K/month a couple of years ago. Most recent report has it at $48K/month.
Olly tweets a productized service idea…
Customer knowledge base articles as a service
Pay $50 an article or $1000/month
You track article feedback, product changes, and feature launches
Create + update articles
Your clients get fewer support tickets because their customers can self serve
Sounds like Olly would be happy to pay for such a service for Senja, as would a few people who responded to his tweet 
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Our goal at eBiz Facts is to give you accurate information about online business so you can gain clearer insights, make better decisions, and achieve your own success.
With that in mind, we strive to ensure the accuracy and transparency of the income claims and estimates that you see on this website.
Here’s how:
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He’s Earned $1.9 Million via His Free Facebook Group
Dave SmithFounder of YunaPRO $1.9 Million revenueA recent video by Dave Smith…
Dave started a Facebook group in 2021 called Audience & Influence, now with ~16K members.
He shows at the 0:20 mark of the video that he’s generated $1.9 million in sales from “one of” his Facebook groups 
Presumably the same group, since the revenue graph also starts in 2021.
Looks like Dave uses his group to provide free value to members, and eventually direct them to his paid training here.
Another recent video on YouTube 
That’s by Bex Band, who also built a business off the back of a free Facebook group.
Her group…
Love Her Wild; Women’s adventure community (UK)Bex says…
What started out as a little Facebook group has actually grown into a pretty big organization… that takes thousands of women on adventures each year… it’s also built a career for myself and it’s provided loads of really cool opportunities
Bex leverages her group to make money in a few ways…
Goes to show that there’s still plenty of money to be made via Facebook groups.
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Our goal at eBiz Facts is to give you accurate information about online business so you can gain clearer insights, make better decisions, and achieve your own success.
With that in mind, we strive to ensure the accuracy and transparency of the income claims and estimates that you see on this website.
Here’s how:
We treat all income claims we find online with skepticism.We don’t report incomes that seem especially controversial or unrealistic.We cite our sources and/or share our calculations so you can see where the numbers come from.If there are uncertainties about an income claim or estimate, we tell you what those are.If you see an income claim or estimate that seems off, please tell us so we can fix it.
Is this kind of business right for you?Check out our framework to see the 19 types and 6 levels of online business, and discover which is best for you.
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Short Form Video = Waste of Time. Do This Instead.
Neil Patel tweets…
You’re wasting your time creating short form videos.
We worked with 41 businesses to track what they spend on content (including employee hours) and what it generates in revenue.
He includes a graph that shows the best kind of content in terms of ROI 
You could build an agency or productized service around any of those.
We covered the last one recently…
Earn $500 Per Day Building These Tools With AIBut my favorite from the above list is webinars 
Seems old-fashioned now but they’re still a big thing.
This guy on YouTube has some great content on webinar funnels.
Study up on that, then start helping businesses create awesome webinars 
ChatGPT Business Idea With 2000+ Bookmarks
Sam Parr uses ChatGPT as an executive coach / thought partner…
– It’s spent loads of time asking me questions about myself, my goals, my strengths, weaknesses, business financials.
– I’ve given it books to read and asked “how would this author approach this problem.”
– Even things like “what should the focus be this week to hit my goals”?
But there’s a problem…
I just use the same prompt window in ChatGPT.
This is less than ideal because the context window prolly isn’t long and its forgetting stuff.
Plus if this prompt thread goes away, hours of training it is now lost.
What’s a good way to solve this?
Lots of bookmarks and comments on the tweet.
Seems a lot of people would be interested in a layer on top of ChatGPT that solves this 
Reddit Just Had Its First Profitable Quarter, 19 Years After Launch
RedditDiscussion Platform $348 Million quarterly revenue
The Verge reports…
Reddit just turned a profit for the first time. As part of its third quarter earnings results released on Tuesday, the company reported a profit of $29.9 million, along with $348.4 million in revenue — a 68 percent increase year over year.
The company hasn’t been profitable at any point in its nearly 20-year history. Since going public, Reddit lost $575 million during its first quarter on the market, but it decreased that loss to $10 million last quarter and is now finally in the black.
Another report explains Reddit’s new-found profitability…
Reddit’s user growth is surging, helping build momentum for advertising sales. It also has a new revenue stream in AI content licensing.
I have a love-hate relationship with Reddit 
On the one hand it’s a great one-stop shop for finding real conversation about any topic.
On the other hand, Reddit has pretty much killed the thousands of independent forums and message boards that once populated the internet 
There seemed to be one for every possible niche, operated and moderated by people passionate about their chosen topic.
I’m sure many of those people made a decent living from such forums as well.
But now Reddit has replaced them all 
Worse still: it’s apparently against Reddit’s terms of service to monetize a subreddit, so those old-school forum operators can’t simply shift operations to Reddit and continue to earn a living.
Although that may soon change…
Reddit might let users make paid subredditsFirst time seeing our Online Money Maker profiles? Click here for a quick intro.
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Learn more about income claims and estimates on this website
Our goal at eBiz Facts is to give you accurate information about online business so you can gain clearer insights, make better decisions, and achieve your own success.
With that in mind, we strive to ensure the accuracy and transparency of the income claims and estimates that you see on this website.
Here’s how:
We treat all income claims we find online with skepticism.We don’t report incomes that seem especially controversial or unrealistic.We cite our sources and/or share our calculations so you can see where the numbers come from.If there are uncertainties about an income claim or estimate, we tell you what those are.If you see an income claim or estimate that seems off, please tell us so we can fix it.
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Elopement Matchmaking Service: $1.4M in Bookings in Year 3
Janessa WhiteCo-founder of Simply Eloped $1.4 Million bookings in year 3Simply Eloped is a marketplace site that connects couples with venues and vendors for elopements or small weddings 
Founded by Janessa White and Matt Dalley in 2016, the business recently sold for an undisclosed sum.
They Got Acquired has some numbers…
The business brought in $40,000 in bookings in its first year, $300,000 the following year and $1.4 million in year three, White told Hampton. By 2021, she’d built an $8-million business, according to Bootstrappers.
I suspect that last number refers to gross volume 
Unclear what kind of cut Simply Eloped takes from each booking.
Janessa also told Hampton in 2023…
To date, we haven’t been an incredibly profitable company but I can proudly say this is the first year we’ll be turning that corner.
They must have received a good offer to end up selling only a year later 
And while marketplaces are a tough business due to the chicken-and-egg problem, it’s worth considering what other niches this could work for.
Think: where else is it currently difficult for buyers and sellers to connect and do business? 
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Learn more about income claims and estimates on this website
Our goal at eBiz Facts is to give you accurate information about online business so you can gain clearer insights, make better decisions, and achieve your own success.
With that in mind, we strive to ensure the accuracy and transparency of the income claims and estimates that you see on this website.
Here’s how:
We treat all income claims we find online with skepticism.We don’t report incomes that seem especially controversial or unrealistic.We cite our sources and/or share our calculations so you can see where the numbers come from.If there are uncertainties about an income claim or estimate, we tell you what those are.If you see an income claim or estimate that seems off, please tell us so we can fix it.
Is this kind of business right for you?Check out our framework to see the 19 types and 6 levels of online business, and discover which is best for you.
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$10M+ Per Year From a Marketplace He Built For Colleagues
Paul EdelmanFounder of Teachers Pay Teachers $10+ Million annual revenueTeachers Pay Teachers is an online marketplace where teachers buy and sell teaching materials like lesson plans, worksheets, printable games, etc.
As of 2022, more than 300 teachers had apparently earned $1M+ in profit via the platform 
One TPT success story we featured recently…
$2000/Month Side Hustle Selling Digital Products To Teachers
TPT’s origin story…
In 2006, Paul Edelman, a New York City public school teacher, had a light bulb moment. He noticed that his students learned best when he incorporated teaching ideas from his colleagues…
So he decided to build a website where educators everywhere could share their ideas and resources.
Hard to get an exact revenue number for the business, but one estimate has it between $5 and $25 million per year, and other estimates go much higher.
Safe to say TPT is pulling in at least $10 million per year 
Especially when you consider this 2019 report…
last year, around 70 percent of all U.S. educators utilized the service.
I love that Paul Edelman was a teacher himself and built an online marketplace that would allow his colleagues to earn money from existing activities.
Could you do something like this for another niche or profession? 
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See our latest profiles of Online Money Makers
Learn more about income claims and estimates on this website
Our goal at eBiz Facts is to give you accurate information about online business so you can gain clearer insights, make better decisions, and achieve your own success.
With that in mind, we strive to ensure the accuracy and transparency of the income claims and estimates that you see on this website.
Here’s how:
We treat all income claims we find online with skepticism.We don’t report incomes that seem especially controversial or unrealistic.We cite our sources and/or share our calculations so you can see where the numbers come from.If there are uncertainties about an income claim or estimate, we tell you what those are.If you see an income claim or estimate that seems off, please tell us so we can fix it.
Is this kind of business right for you?Check out our framework to see the 19 types and 6 levels of online business, and discover which is best for you.
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Full list of ways to make money onlineMore profiles of online money makers
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