Every Friday we email 3,459 legendary subscribers with tips and insights to help build and grow their online businesses. We also post the content of each email here on the website.
- Earn $15 to $40 per hour proofreading and editing
- Which social media platform is best for your business?
- 435 Сompanies Hiring Remotely Right Now
- Udemy Sale
- “In the future, everyone will be self-employed.”
- Netflix Hangouts
- Can’t work full-time on your business?
- Learning to code is easy
- Here’s how much you can earn from ads on your website
- Save time on email
Earn $15 to $40 per hour proofreading and editing
This post on Reddit lists 8 companies/websites that hire professional editors and proofreaders.
- If you want to learn editing and proofreading, this course on LinkedIn Learning looks good. Costs $15 but you should be able to get a free month with that link.
- An interview with a freelance editor and proofreader who earned $1,375 in her first full month working online, despite spending just 11 hours per week on her business.
Which social media platform is best for your business?
Neil Patel polled 483 companies to figure out the value of 100 followers on each social media platform.
Among the findings:
- Pinterest drives the most traffic (almost 5 visits per 100 followers), while Instagram drives the least (almost 0 visits per 100 followers).
- LinkedIn scored the best on engagements per post, while Twitter scored the worst.
- Instagram dominates in terms of video views per 100 followers (no doubt helped by their loose definition of a “view”).
- LinkedIn dominates for turning followers into email subscribers.
- Companies were generating more than 7% of revenue from social media traffic in 2015. Today, less than 2%.
Overall, I come away from that article with a much better impression of LinkedIn – it ranks #1 or #2 in every category!
Is your business active on LinkedIn?
If so, how is it working for you?
435 Сompanies Hiring Remotely Right Now
147 of the companies are apparently hiring “anywhere,” so open to folks outside the USA.
Loads of different positions listed there. To name a few: accounts coordinator, appointment setter, community support, finance manager, product designer, project manager, travel service expert, web developer.
No surprise that Udemy has another sale going on. (They seem to do one every few weeks.)
Here are two courses on sale for $10.99 that look especially juicy:
- The Complete Video Production Bootcamp – 52,730 students, average rating of 4.5 stars
- The Complete Digital Marketing Guide – 17 Courses in 1 – 8,390 students, average rating of 4.5 stars
“In the future, everyone will be self-employed.”
Not sure who that quote should be attributed to, but a new study of the US workforce seems to confirm that such a future is rapidly approaching.
The study reports that 35% of American workers freelanced in 2018, with 3.7 million more people jumping on the freelance train since 2014.
Other items of note from the study:
“Both freelancers and non-freelancers prioritize achieving the lifestyle that they want, but freelancers are more likely to get it.”
“Freelancers feel anxious about all they have to manage, but they also have a better work/life balance with more control over one’s own destiny and schedule, resulting in less stress and better health.”
“51% of freelancers say no amount of money would get them to take a traditional job.”
31% of freelancers earn $75,000 or more per year.
“Full-time freelancers see much greater flexibility in their day-to-day work than full-time non-freelancers”
When asked where they typically find work, the most common answer from freelancers was, “friends and family.” (Related: here’s an easy way to let friends and family know about your freelance services.)
“The majority of those who left a job in order to freelance say they make more now than they did with an employer…and it didn’t take them long to get there.”
Worth noting that the study was commissioned by Upwork and Freelancers Union, both of which are obviously pro-freelancing.
So while all the above paints a rosy picture of self-employment, best take it with a pinch of salt.
For those of you stuck in boring 9-to-5 jobs, here’s a free Chrome extension that lets you watch Netflix while making it look like you’re on a conference call 🤣
Can’t work full-time on your business?
That might be a good thing.
At least according to a couple of guys who built an 8-figure business while studying computer science at Dartmouth.
Hear them talk about the advantages of only being able to work part-time on your business at about the 1:10:00 mark of this podcast. (The entire episode is something of a masterclass in systems thinking.)
And if that doesn’t prove convincing and you still want to free up some time to build your business, read this (or watch the video).
Learning to code is easy
At least according to Scott H. Young:
I say coding is easy because I believe that almost all people, even if they don’t see themselves as particularly smart, have the ability to learn to write simple programs. That they don’t is mostly due to some structural barriers than any intrinsic difficulty with the skill itself.
Scott goes on to list three reasons why learning to code feels hard, and how to overcome those initial difficulties.
Here’s how much you can earn from ads on your website
$15 per 1000 impressions according to the latest episode of the Authority Hacker podcast.
That’s using an ad network called AdThrive.
For context, we had 41,956 pageviews on eBiz Facts last month. If we’d placed an ad slot “above the fold,” those views could have earned us in the vicinity of $600.
We’ve chosen to keep the site ad-free (for reasons explained here), but give this monetization method some consideration for your own site. The Authority Hacker guys make a good case for it on the podcast.
Save time on email
If you’re a Gmail user, I strongly encourage you to scan through this article about Gmail keyboard shortcuts and start using a few of them. It will save you a ton of time in the long run.
(And if you’re not a Gmail user, google the shortcuts for whatever email program you are using.)
That’ll do it for this week.
Feel free to forward this email to a friend, or you can direct them to the online version here: https://www.ndoherty.com/ebiz-weekly-27/
In case you missed em, here are the last three editions of eBiz Weekly (full archive here):
- #26 – Momentos, finance report, and a rare ask
- #25 – This guy sold his online business for $1 million
- #24 – How would you respond to this client?
Until next week, rock on with your legendary self 💪
Niall Doherty – Ubud, Bali
P.S. In last week’s email I botched the link for Google’s machine learning video series on YouTube. Sorry about that.
Now finally your computer will be able to tell the difference between an apple and an orange 😉
By the way...
Freedom Business Builder
FBB is a private community of online business builders. Our 300+ members range from people just starting their first online businesses, to experienced online entrepreneurs earning thousands of dollars each month. More info here.
Travel Hacker’s Toolkit
Check out the top resources I recommend for the traveling online business builder. Cheap flights, a jet lag app, free VPN software, and more.
Great Value Courses
My go-to websites when looking to learn or enhance a skill are Coursera, Skillshare and Udemy. They have thousands of courses on many different topics, rated and reviewed so you can easily tell what’s best. Udemy and Coursera are pay-per-course, whereas Skillshare is a subscription model (my preference).
Start Earning Online
Check out our free crash course to help you build an online business, consists of 11 videos and accompanying articles.