Hi there, Welcome to our new readers since last Friday, joining our community of business nerds.
Every Friday we share episodes from interesting channels you can check out on YouTube.
If you come across this and you like what you are reading please subscribe!
Ever dreamed of making $10k a month from the comfort of your favourite coffee shop, all while waxing poetic about your latest epiphanies? Well, grab your notepad (or your favourite digital equivalent) because we're diving deep into Ali Abdaal's latest gem featuring the wordsmith wizard himself, Nicolas Cole.
The Dream: $10k a Month as a Writer
Picture this: You, a steaming latte, and a crisp $10k check dropping into your bank account every month just for doing what you love—writing. Sounds like a dream, right? Well, Nicolas Cole, a writer who's been living this reality, spills the beans on how he made it happen.
Who is Nicolas Cole?
Before we dive into the nitty-gritty, let’s meet the man of the hour. Nicolas Cole isn’t just any writer. He’s a self-made literary entrepreneur who transformed his passion for words into a lucrative career. From blogging to ghostwriting for big names, Cole has cracked the code to making serious dough as a writer.
The $10k Blueprint
Cole’s journey to $10k/month didn’t happen overnight. It’s a concoction of strategy, persistence, and a sprinkle of serendipity. Here’s a breakdown of the gold nuggets he shared:
1. Find Your Niche
It’s tempting to write about everything under the sun, but Cole emphasizes the power of niche. Whether it’s tech, health, or personal development, pick a lane and dominate it. Niches not only help you stand out but also attract a loyal audience.
2. Build a Portfolio
Your writing portfolio is your storefront. Make it shine! Cole advises showcasing your best work, even if it means writing some pieces for free initially. This portfolio becomes your calling card, opening doors to higher-paying gigs.
3. Leverage Platforms
Medium, LinkedIn, and personal blogs—use them all. Cole’s secret sauce includes consistently posting on these platforms to build a following. These platforms not only increase your visibility but also act as a testing ground for your ideas.
4. Master the Art of Ghostwriting
Ghostwriting is where the big bucks are. Cole’s journey took a significant turn when he ventured into ghostwriting for CEOs and influencers. It’s a win-win: they get great content, and you get paid handsomely. Plus, ghostwriting gigs often lead to recurring income.
5. Create Multiple Income Streams
Don’t put all your eggs in one basket. Cole’s $10k/month isn’t just from one source. He diversifies his income through book sales, courses, and consulting. This strategy not only stabilizes income but also scales it.
The Ali Abdaal Angle
Ali Abdaal, the productivity guru, adds his flavor to the mix. He’s all about optimizing systems and maximizing efficiency. Here’s a snippet of Ali’s advice:
- Consistency is Key: Treat writing like a 9-5 job. Show up daily, set word count goals, and stick to them. It’s the grind that separates the hobbyists from the professionals.
- Batching Tasks: Write multiple articles in one go. Batching not only saves time but also keeps you in the creative flow.
- Tools and Tech: Utilize writing tools like Notion, Roam Research, or Scrivener. These tools can streamline your process, keep your ideas organized, and boost productivity.
Reality Check
Now, before you quit your day job, a reality check. Making $10k/month as a writer is doable but requires grit. Cole’s journey was paved with late nights, rejection, and a relentless pursuit of improvement. It’s not a get-rich-quick scheme but a sustainable career path for those willing to put in the work.
Parting Words
So, what’s the takeaway? If you’re passionate about writing and ready to hustle, Cole’s roadmap could be your ticket to financial freedom. Dive into your niche, build a killer portfolio, leverage every platform, and diversify your income streams. And remember, consistency and persistence are your best allies.
That’s it for today’s deep dive, folks. Ready to turn your passion for writing into a thriving career? The pen is mightier than the sword—and it seems it can be quite the money maker too.
Get more nuggets here ⬇️
YOUTUBE CORNER
Channels of the week: