Description

In this episode, Adi and Pranav discuss making a good income through writing. They share their personal experiences and explore various ways to monetise writing. They emphasize the importance of mindset, finding a niche, and providing value to readers. They also discuss pricing strategies and the benefits of email newsletters. The conversation discusses the methodical approach to launching a product or service online.

The main steps include: getting known for something and building an audience, speaking to people to understand their problems and needs, creating a product or service based on the feedback received, developing a lead magnet to attract potential customers, launching the product with a whisper, shout, and scream strategy, and repackaging or repurposing the product for future launches. The conversation emphasizes the importance of continuous learning and iteration throughout the process.

Takeaways

• It is possible to make a good income through writing
• Having the right mindset and believing in the value of your writing is crucial
• Finding a niche and providing valuable content to a specific audience is key
• Price your writing based on the value it provides and the time invested
• Email newsletters are a powerful tool for building a connection with your audience and generating revenue
• Getting known for something and building an audience is the first step in launching a product or service online.
• Speak to people and collecting feedback helps in understanding their problems and needs.
• Creaete a product or service based on the feedback received ensures that it meets the customers' requirements.
• Develop a lead magnet, such as a free resource, attracts potential customers and demonstrates the value of the product or service.
• Launch the product with a whisper, shout, and scream strategy creates anticipation and urgency among the audience.
• Repackage or repurposing the product allows for future launches and improvements based on customer feedback.
• Continuous learning and iteration are essential throughout the entire launch process.

Chapters

00:00 Introduction and Challenging the Myth

02:10 The Importance of Mindset and Believing in the Value of Your Writing

06:48 The Relationship Between Focusing on Money and Making Money

10:09 Pricing Strategies: Valuing Your Writing and Time

24:34 Finding Your Niche: Key to Monetizing Your Writing

26:32 Understanding Customer Problems and Needs

30:14 Creating a Product Based on Feedback

33:46 Developing a Lead Magnet

39:25 Launching with a Whisper, Shout, and Scream

44:31 Repackaging and Repurposing the Product

48:02 Continuous Learning and Iteration