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- The Single Most Important Lesson I Learned After 9 Years as an Online Writer | RP 107
The Single Most Important Lesson I Learned After 9 Years as an Online Writer | RP 107
PLUS: Why you should make your entire life tax-deductible
Welcome to Rox’s Picks where I share productivity tips and business tactics to grow your online writing business — without spending $100k on an MBA.
Hey friends!
I’m back from Portugal 🇵🇹 — that’s my last planned trip of the year. I’m excited to settle back into my Toronto routine of writing, working out, and reading for the rest of the year.
The last newsletter about how I balance leisure and work struck a chord. I hear you. We want to work hard, do meaningful work… Without compromising on travelling or time with loved ones.
This is one reason why I began writing online in 2014. I wanted to leverage the Internet to achieve the financial, time, and location freedom to live the lifestyle I want.
This week, I’m continuing to dig into that. I’m sharing one of the biggest lessons I learned since I began this journey in 2014.
Here’s your 10-minute MBA for the week:
The Single Most Important Lesson I’ve Learned (After 9 Years As An Online Writer)
Not all lessons are created equal.
Some lessons are small. Little signposts to remind us of what truly matters.
But other lessons are large. Lighthouses that fundamentally change the course of our entire lives.
Over the past 9 years I've been an online writer for others and now, for myself, this lesson is one of those lighthouses:
Be a sell out
Sure, readers might unsubscribe. "Real" writers might call you a hack.
But here's why you should anyway:
Sales are a signal of valuable writing
One of the best gauges of the value of work is customer validation. Think about the writers you enjoy reading:
Doesn't it feel satisfying when Packy McCormick's essays answer your questions as soon as they come up?
Don't you feel understood to read Ramit Sethi's emails that speak to the exact problem you face?
Isn't it engrossing to learn new, mind-blowing ideas in an easily digestible format from Tim Urban?
… And they all “sold out”:
Packy started an investment fund and makes at least 6-figures from selling sponsorships to his newsletter.
Ramit built a 30+ person, multimillion dollar online education business from his writing.
From my estimates, Tim makes at least $40k per month or over $500k per year from his 2k+ Patreon subscribers.
“Sold out" is a signal for very valuable writing
Writers tend to be neurotic creatures. We don't even have to shill a product per se to feel like a sell out.
Paying attention to engagement metrics
Marketing our work
Promoting ourselves on Twitter
… already makes some of us feel slimy. And guilty that we’re no longer focused on The Art.
I say screw that.
If you're serious about building a writing business, becoming a full-time creator, and publishing valuable content, then…
Paying attention to what people engage and resonate with
Offering products and services
Learning to sell and selling out
… Are all good things.
I mean, isn't the "Sold Out" sign one of the best clues of a successful business?
Selling out lets you continue to bring value to the world
All your favourite online writers sold out because they published work people found valuable.
If your writing is so valuable that people are willing to pay for it, then you owe it to the rest of us to keep writing.
If financial constraints stop you from writing, then you’re doing the world a disservice.
In other words, building a business that let you keep writing is a service to the world.
😉 You're welcome
A selection of interesting links & fun recommendations.
💡Did you know you can ask Siri to delete all your alarms for you?
📚The Booker Prize 2023 longlist features a collection of the best fiction from the UK this year. Some folks make it a point to read all the books on the list. Me? The Bee Sting by Paul Murray sounds the most interesting.
▶️ Looking for business ideas? Consider how you can turn an expense into an asset. For example, if you enjoy clubbing, own the club > wait in line. Or consider how Jeff Bezos turned web (a cost center) into Amazon Web Services (a profit center). Yong-Soo Chung put it best in his tweet: “Turn your hobbies into businesses. Make your entire life tax-deductible.”
🎲 Connections by The New York Times. A daily word game that is both more infuriating and more entertaining than Wordle.
That’s all for this week
Stay strong, stay kind, stay human.
Have a great weekend!
Till next week,
— roxine