How to Make $10,000/Month Writing Online

Ali Abdaal
13 Oct 202314:52

Summary

TLDRThe video script discusses the rise of online writing as a lucrative career, highlighting its differences from traditional 'Legacy writing'. It emphasizes the importance of feedback and consistency in building an online writing presence. The script introduces Nicholas Cole's book, 'The Art and Business of Online Writing', as a guide to mastering this field. It outlines various revenue streams for online writers, such as advertising, paywalls, product creation, and offering writing services, and showcases success stories like Cole's and others. The video also promotes Shopify as a tool for writers looking to sell products or services.

Takeaways

  • 🌐 The most desired career globally is being a writer, according to Google search data, second only to being a pilot.
  • πŸ“ˆ Despite common misconceptions, writing can be a lucrative profession, as demonstrated by successful online writers like Nicholas Cole.
  • πŸ’‘ Online writing differs from traditional writing in that it does not rely on publishers or waiting for approval to be a professional writer.
  • πŸ” Online writing involves publishing content where the readers are already present, such as on social media platforms.
  • ⏱️ The key advantage of online writing is the immediate feedback loop, allowing writers to iterate and improve their work based on audience response.
  • 🌳 The 'forest of ideas' concept encourages writers to generate and publish a multitude of ideas to see what resonates with the audience.
  • πŸ“Š Analyzing data and feedback is crucial in the online writing process, helping writers to identify patterns and focus on valuable content.
  • πŸ’° There are three main ways to monetize online writing: the advertising model, the paywall/exclusivity model, and the services model.
  • πŸ“ˆ The advertising model relies on generating attention to earn money through clicks, ad space, affiliate marketing, and sponsorships.
  • πŸšͺ The paywall model involves charging for access to some content, allowing writers to build a loyal audience willing to pay for exclusive content.
  • πŸ› οΈ The services model offers writing as a service, such as content writing, ghostwriting, and copywriting, where writers are compensated for their work based on the value they provide.

Q & A

  • What is the main theme of the transcript?

    -The main theme of the transcript is the exploration of online writing as a profitable and viable career, challenging the traditional notion that writers cannot make money. It discusses the journey and strategies of successful online writer Nicholas Cole, emphasizing the power of the internet and social media platforms in building a writing career.

  • How does the transcript challenge the traditional view of writing careers?

    -The transcript challenges the traditional view by highlighting the success of online writers like Nicholas Cole, who have built lucrative careers without relying on traditional publishing deals. It emphasizes the potential of the internet and social media to provide platforms for writers to reach audiences directly, build personal brands, and earn revenue.

  • What are the three key aspects of online writing discussed in the transcript?

    -The three key aspects of online writing discussed are: 1) What online writing is and what it isn't, 2) The tools needed to do it effectively, and 3) How to start making money from online writing.

  • How does the transcript explain the concept of 'digital online writing'?

    -The transcript explains 'digital online writing' as the practice of publishing content where readers already are, such as social media platforms, instead of waiting for traditional publishers or relying on blogs that may not attract traffic. It emphasizes reaching existing audiences on platforms like Twitter, LinkedIn, and Quora, and using the immediate feedback loop to improve and monetize writing.

  • What is the significance of feedback in the online writing journey?

    -Feedback is crucial in the online writing journey because it provides immediate insights into how an idea or piece of content is resonating with the audience. This rapid feedback loop allows writers to iterate and improve their work, build a personal brand, and cultivate an audience that is more likely to pay for their work in the future.

  • How does the transcript describe the process of generating ideas for online writing?

    -The transcript describes the process of generating ideas as creating a 'forest of ideas,' where a writer produces a large number of ideas and publishes them consistently to see what resonates with the audience. The focus is on quantity and variety to discover what content is engaging and worth pursuing further.

  • What are the three specific ways to make money from online writing mentioned in the transcript?

    -The three specific ways to make money from online writing mentioned are: 1) the advertising model, which involves earning money through clicks, ad space, affiliate marketing, and sponsorships; 2) the pay wall or exclusivity model, where certain content is charged for, such as behind a pay wall, premium newsletters, or courses; and 3) the services model, offering writing as a service, such as content writing, ghostwriting, or copywriting.

  • How does the transcript relate to the book 'The Art and Business of Online Writing' by Nicholas Cole?

    -The transcript relates to Nicholas Cole's book by using his journey and strategies as a case study to demonstrate the potential of online writing. It highlights how Cole has built a successful online writing business, earning millions of dollars in revenue, and how his book provides insights and guidance for others looking to follow a similar path.

  • What is the role of social media platforms in online writing?

    -Social media platforms play a pivotal role in online writing as they provide accessible and existing audiences for writers. They serve as publishing spaces where writers can share their work, receive immediate feedback, and build a following, which can ultimately lead to monetization opportunities.

  • What is the main difference between 'Legacy writing' and 'online writing'?

    -The main difference between 'Legacy writing' and 'online writing' is the approach to publishing and audience engagement. Legacy writing relies on traditional publishers and a slower feedback loop, often involving years of work and rejection before reaching an audience. Online writing, on the other hand, leverages the internet and social media to publish directly to audiences, allowing for immediate feedback and monetization opportunities.

  • How does the transcript suggest one can start making money from online writing?

    -The transcript suggests that one can start making money from online writing by understanding and utilizing various models such as the advertising model, the pay wall model, and the services model. It emphasizes the importance of building an audience, creating valuable content, and leveraging the power of the internet and social media platforms to monetize writing skills effectively.

Outlines

00:00

πŸ“š The Art and Business of Online Writing

This paragraph introduces the concept of online writing and its potential for financial success. It challenges the common notion that writers cannot make money and highlights the story of Nicholas Cole, a multi-millionaire online writer. The discussion emphasizes the difference between traditional 'Legacy writing' and the opportunities presented by online writing, which allows for immediate feedback and monetization through various platforms. The speaker shares insights from Cole's book, emphasizing the ease of learning online writing skills and the potential to build a personal brand and audience.

05:00

🌐 Choosing the Right Platform for Online Writing

This paragraph delves into the specifics of where to publish online writing, warning against the common mistake of starting on a blog or website. Instead, it suggests leveraging existing social media platforms with built-in audiences, such as Twitter, LinkedIn, and Medium. The paragraph also touches on the importance of feedback in the online writing journey, referring to it as the 'feedback cave'. It highlights the challenges of facing criticism and trolls, but also the benefits of immediate feedback for improving and tailoring one's writing to resonate with the audience.

10:02

πŸ’° Monetizing Online Writing: Models and Strategies

The final paragraph discusses various methods of making money through online writing. It starts by explaining the advertising model, which relies on generating attention to earn money through clicks, ad space, and affiliate marketing. The paragraph then contrasts this with the paywall or exclusivity model, where writers charge for access to some content. It mentions the '1,000 true fans' concept as a viable approach to building a loyal audience willing to pay for content. The paragraph also explores the productization of writing services, such as creating courses or ebooks, and the service model, including ghostwriting and copywriting. The latter is particularly lucrative as it involves earning a percentage of the revenue generated by the copywriting.

Mindmap

Keywords

πŸ’‘Online Writing

Online writing refers to the act of creating and publishing written content on the internet, typically through social media platforms, blogs, or websites. It is a form of digital content creation that allows writers to reach a global audience and build a personal brand. In the video, online writing is contrasted with traditional or 'legacy' writing, emphasizing its accessibility and the potential for monetization through various online platforms.

πŸ’‘Legacy Writing

Legacy writing is the traditional method of writing where authors create work with the hope of getting published by established publishing houses. This process often involves a long wait and dealing with gatekeepers such as publishers and editors. Legacy writing is seen as more elitist and less accessible compared to online writing, as it requires approval from these gatekeepers to become a professional writer.

πŸ’‘Monetization

Monetization refers to the process of generating income from a service, product, or content. In the context of the video, it discusses various methods through which online writers can monetize their writing, such as through advertising, paywalls, product creation, and offering writing services.

πŸ’‘Personal Brand

A personal brand is the unique identity and reputation that an individual creates for themselves, often through their online presence and content. It encompasses the perception and impression that others have of the person based on their public interactions, writings, and expertise.

πŸ’‘Feedback Loop

A feedback loop in the context of online writing refers to the rapid and continuous exchange of feedback that writers receive from their audience. This immediate response allows writers to adjust and improve their content based on what resonates with readers, unlike in legacy writing where feedback is delayed until after publication.

πŸ’‘Content Creation

Content creation is the process of producing and sharing original content, such as articles, videos, or podcasts, that provide value to an audience. It is a critical aspect of online writing, as it allows writers to engage with their audience and establish themselves as authorities in their field.

πŸ’‘Social Media Platforms

Social media platforms are online spaces where users can create and share content, interact with others, and build communities. They serve as powerful channels for online writers to distribute their work and gain visibility.

πŸ’‘Ghostwriting

Ghostwriting is the practice of writing content for someone else who is officially credited as the author. In the context of online writing, ghostwriters often provide services to businesses, individuals, or celebrities who require written content without wanting their involvement to be publicized.

πŸ’‘Copywriting

Copywriting is the art of writing persuasive content that aims to promote a product or service. It is a form of writing that is focused on driving sales and conversions. Copywriters often work on creating compelling sales copy, advertisements, and marketing materials.

πŸ’‘Advertising Model

The advertising model is a monetization strategy where content creators earn revenue by displaying advertisements alongside their content. This model relies on attracting a large audience to generate clicks and views, which in turn leads to advertising income.

πŸ’‘Paywall Model

The paywall model, also known as the exclusivity model, is a monetization strategy where content creators charge a fee for access to some or all of their content. This model allows writers to offer premium or exclusive content to subscribers who are willing to pay for it.

Highlights

The book 'The Art and Business of Online Writing' by Nicholas Cole challenges the common notion that writers can't make money.

Online writing is a lucrative field, with Cole's business generating millions of dollars in revenue.

Traditional or 'Legacy' writing often involves a long and uncertain path with publishers and can be elitist, whereas online writing is more accessible.

Online writing allows for immediate feedback, a short feedback loop, and the ability to iterate based on audience response.

Building a personal brand and audience is crucial for online writers, providing a platform to monetize work in various ways.

Online writers can earn money through advertising, paywalls, product creation, and offering writing services.

The advertising model relies on generating attention and can include ad space sales, affiliate marketing, and brand sponsorships.

Paywall or exclusivity models allow writers to charge for access to some of their content, such as premium newsletters or courses.

Productizing writing services, such as creating an eBook or online course, can lead to significant earnings without the constraints of time-based payment.

The services model, including ghostwriting and copywriting, offers writing as a service to businesses or individuals, often with high earning potential.

Copywriting, a form of writing designed to sell, can be highly lucrative, with earnings tied to the revenue generated by the copy.

Nicholas Cole's journey serves as a model for aspiring online writers to learn and apply to their own endeavors.

Online writing provides the opportunity to earn money, build a personal brand, and engage with an audience in a way that traditional writing may not.

The book 'The Art and Business of Online Writing' offers insights and strategies for turning writing into a profitable career.

Online writing platforms like Twitter, LinkedIn, and Quora provide spaces for writers to publish and receive immediate feedback.

The transition from Legacy writing to online writing represents a shift in the power dynamics of the writing industry, empowering individual writers.

Successful online writers often start with a 'forest of ideas,' generating and publishing a variety of content to see what resonates with their audience.

Data analysis plays a crucial role in the success of online writing, helping writers understand what content is valuable and how to improve their work.

Transcripts

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this is a visualization of each country

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in the world's most desired careers do

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you see a theme and if you look at the

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Google search data how to be a writer is

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the second most popular career search in

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the world after only how to be a pilot

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but we're always told that writers can't

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make money this article shows they only

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make a couple of hundred a year but if

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you think that that's all there is to

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being a writer then this book might just

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change your mind it's called the art and

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business of online writing and it's by

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multi-millionaire online writer Nicholas

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Cole now Cole is one of the most read

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writers on the entirety of the internet

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he's wrapped up hundreds of millions of

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views he's been the number one writer on

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quora he's been paid tens of thousands

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of dollars as a speech writer and ghost

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writer and now he's built his online

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writing business Shi 30 for 30 to

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millions of dollars in Revenue anyone

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can become a writer all of these skills

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are easy to learn so in this episode of

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book club the ongoing series will we

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distill and discuss highlights and

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summaries from some of my favorite books

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we're going to use Nicholas Cole's

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journey and model to talk about three

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things firstly we're going to talk about

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what online writing is and what online

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writing isn't secondly we're going to

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talk about the tools that you need to do

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to do it effectively and thirdly we're

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going to talk about how you can start to

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make money from online writing and thank

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you to Shopify for sponsoring this video

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but more on them later so firstly what

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is digital online writing and why have

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most people never heard of it well the

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easiest way to explain it is to explain

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what online writing is not I don't know

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what to write online writing isn't

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grinding for years on your new book idea

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and waiting for traditional Publishers

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to come along and give you the approval

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to be a professional writer online

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writing is not slaving away for years on

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your blog or website in the hope that a

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few people might stumble across it on

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Google why is life so hard online

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writing is about publishing where the

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readers already are I.E social media

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platforms and that's why most people

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haven't heard of it because we've all

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grown up on the idea of Legacy writing

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for example you probably know the story

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of how JK Rowling got rejected by 12

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different Publishers before one finally

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took on Harry Potter now the Legacy

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writing business relies on these

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Gatekeepers these Publishers and these

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editors that tell people when they are

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allowed to be a professional writer

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because back in the day you couldn't

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make money unless you had a traditional

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publishing deal I think Legacy writing

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has this elitism to it where it's like

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not everyone can do it and you have to

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suffer and you have to stack rejection

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letters and you know you're you only are

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rewarded if you're brilliant and like

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it's there's all this red tape and the

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world of digital writing now is anyone

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can become a writer all of these skills

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are easy to learn now obviously Legacy

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writing does have its place and in fact

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my book Feelgood productivity is being

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published by penguin in the UK and

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worldwide and McMillan in the US which

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are very traditional Publishers but for

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most people if you're actually trying to

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make money as a writer the answer is not

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to try and land a traditional Legacy

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publishing deal the answer is online

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writing so unlike traditional forms of

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writing you have the ability to generate

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a hell of a lot more money by using the

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leverage of the internet which I'll

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break down in a minute and not only can

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you get paid better than most other

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writers out there but you can also build

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a personal brand and an audience while

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you're doing it along the journey which

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also opens up your freedom to monetize

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in different ways further down the line

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if you really want to for example pachy

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mccormik began online writing with his

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newsletter not boring in 2019 and just 2

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years later his thousands of subscribers

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were helping him pull in a million

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dollars of Revenue a year as a

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ridiculously successful writer just

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working from his home office and there's

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a reason that only online writing is

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able to do this so quickly and that's in

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a word word feedback feedback is the key

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to starting and sustaining and

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monetizing your online writing Journey

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so with Legacy writing you have

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absolutely no idea how your work is

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going to resonate with the audience

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until the final product is released

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which is pretty mental so Legacy world

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of writing Hemingway sits down he spends

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four years writing a novel sells it to a

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publisher he has to wait another 18

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months for it to get published then he

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has to wait another 12 months for the

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magazine reviews to come out and then he

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has to go to a pub down the street and

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then he overhears some person being like

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anyways novel was terrible right that's

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the feedback loop whereas with online

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writing you can work smarter and faster

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and you can constantly iterate on what

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you put out there into these social

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Gardens platforms like Twitter and

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Linkedin and quora and places like that

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by sharing smaller bite-sized pieces of

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work that are judged by the masses you

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can see what's working on the journey

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and you don't run the risk of spending

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years on your big projects only for them

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to be released with no response you can

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find out instantly if an idea is going

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to hit or not the feedback loop is I

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have an idea I write a tweet a thread an

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AIC essay a LinkedIn post I publish it

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and I get feedback 3 minutes later now

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this very short feedback loop is

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ultimately what helps build the online

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personal brand and the online audience

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as people watch you practice in public

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are you're putting your writing out

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there onto these social platforms the

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ones that really Vibe with your stuff

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will then join you on the journey and

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then when you're ready to write the book

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or do your magnum opus or ship that

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fully-fledged work then what's amazing

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is that you've already got this built-in

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audience of people that already Vibe

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with your stuff the little bits and Bobs

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you've been releasing over time and

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therefore those people are way more

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likely to actually pay for your work and

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then also read it whereas in the Legacy

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publishing world if you're a first-time

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author generally most people have no

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idea who you are so how do you actually

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go about online writing and then how do

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you do it well well we can kind of break

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this down into three parts and these are

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represented by this little funnel so

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imagine you're setting off on your

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journey to become a successful online

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writer and make your own pot of gold now

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Cole explains that the first step is to

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generate lots of ideas and publish

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consistently personally I like to think

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of this as the forest of ideas at this

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point in the process we have absolutely

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no idea what sort of content is going to

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resonate with an audience we also have

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no idea what sort of stuff we would

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actually enjoy writing and so the point

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of the forest of ideas is to generate

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lots and lots of ideas and to write lots

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and lots of things and put them out

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there and see what happens now in terms

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of where you're going to post this

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writing there are a bunch of different

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options but be careful you're not making

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the big mistake that Cole says that

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writers often make when starting out so

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some examples of good places to write

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are for example Twitter which is now

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weirdly known as X where another Deep

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dive guest CLE Bloom blew up his writing

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career we've got LinkedIn for more busy

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content we've got whatpad for fiction

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this is where Anna Todd famously started

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we've got quora we've got Reddit we've

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got medium essentially any platform

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where there is already an audience the

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key thing is to make sure that you are

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not starting your online writing Journey

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on a blog or a website now there is

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obviously a place for the kind of

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writing that you would put on a blog or

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a website but in the book Cole talks

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about how this is often more suited to

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businesses and Brands rather than to

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individuals trying to build a personal

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brand so if you want to be known as a

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solar writer who's known for their

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original creative insights or stories or

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thoughts to ultimately build your own

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personal brand then the key is to write

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stuff on the social platforms where

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there is already a built-in viewership

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or readership so that was step one

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creating the forest of ideas and then

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step two is that wherever you decide to

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post these step two is to get feedback

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from the audience and I like like to

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call this step the feedback cave now why

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is there a troll that you have to get

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past in this phase well Cole talks about

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how facing feedback with online writing

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is really hard and creates anxiety as

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you might get comments from social media

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trolls and also just normal people in

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social media who might not Vibe with

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your stuff and unlike with Legacy

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writing methods you can't really just

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camp out in your forest in the woods and

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not have to face any feedback for your

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writing until after your product is

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released you're doomed now in the online

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writing world this feedback is going to

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be immediate and obviously this can be

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daunting because now you have nowhere to

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hide but it's also a very good thing

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because this feedback loop this rapid

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feedback loop is ultimately what makes

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online writing way more effective than

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Legacy writing in fact as Cole says in

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the book there are two types of writers

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today those who use data to inform and

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improve their writing and those who fail

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so now that you've posted your writing

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and you started to get data in terms of

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quantitative and qualitative performance

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and comment metrics it's time to then

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analyze the data and this is where we

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get to the pool of analysis now this is

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what people like Hemingway and people

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like JK Rowling never had which is

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genuine feedback on which ideas are

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valuable and which ones are not and now

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this point based on the fact that you've

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been generating all these ideas and

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writing about them consistently over

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time in the forest of ideas you've gone

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through the feedback cave to actually

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look at the comments and the data that

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you're getting and now you're analyzing

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it it's now your job to try and spot

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patterns within the data and this is

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exactly what ridiculously rich and

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bestselling author Mark Manson did when

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it came to writing his first book Mark

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Manson didn't sit down and go I'm going

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to write this insanely amazing

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best-selling book you know Sellar of not

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giving right but what happened is the

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publisher goes to him and goes well you

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have a big blog you have a big audience

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you should write a book he goes great

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what should it be about they go we don't

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know what's your biggest most viral blog

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post he goes well it's a blog post

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called the subtle art of not giving a

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right and what did he do he just

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expanded the blog post into a book this

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example applies to Ryan holiday as well

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so Ryan holiday initially began his

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career as a marketing writer but after a

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blog post he wrote about stoicism went

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totally viral he decided to double down

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on the topic which ultimately ended up

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creating his Empire of books about

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stoicism newsletters and even physical

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products and now Ryan holiday makes

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absolutely Millions every year selling

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his writing he's one of the most

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financially successful writers that

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you're likely to come across now at some

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point in your writing career you might

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actually have a product that you want to

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sell or start a business around your

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writing and a great resource to use is

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Shopify who are very kindly sponsoring

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this video Shopify Powers businesses by

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giving you all the tools that you need

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to create your business wherever you are

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in the world letting your sell online or

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in person or across any social platform

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it's a fantastic way of starting your

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first business or your side hustle

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without needing to learn how to code or

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to make a website Shopify Powers more

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entrepreneurs and businesses than anyone

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else with millions of businesses using

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Shopify in over 175 countries their

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mission is to reduce the barriers to

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business ownership to make Commerce

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better for everyone which is a pretty

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good goal if you ask me and we've

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actually been using Shopify to sell our

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own stationary brand and also our own

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online courses and even if you're a

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fairly small business like ours is or

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you're an absolutely massive

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multi-billion dollar Corporation Shopify

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has you covered shopify's also got tools

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for new business owners like the

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business name generator and Shopify

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learn which is their online learning

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platform for all things related to

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business and they also give new

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entrepreneurs the really easy to use Stu

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data plan where you can create an online

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store in literally minutes if any of

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this sounds up your street and you're

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interested in trying out Shopify for

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your business then head over to

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shopify.com for/ Al abdal and that link

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which is also in the video description

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will let you sign up to a completely

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free trial of Shopify so you can try it

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out and see if it Vibes with you so

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thank you so much Shopify for powering

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our business and for sponsoring this

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video now at this point you might be

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wondering okay cool but how will all of

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this ultimately make money and broadly

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there are three specific ways of going

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about making money from your online

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writing so the first and least lucrative

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of these is the advertising model also

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known as the attention model now as we

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all know on the internet attention is

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the ultimate currency and it's exactly

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the same for online writers as it is for

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people like Mr Beast if you can generate

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online writing that grabs attention you

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can make money by earning from clicks

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selling ad space within your own content

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becoming an affiliate where you get a

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commission each time you recommend a

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product or Landing brand sponsorships

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now the upside of the advertising model

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is that it's very simple to understand

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and apply so for example if you're

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writing on medium the more people that

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click and read your articles the more

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money you're going to get paid as you

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can see from this screenshot from James

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Julian his article do these four

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exercises and you'll you'll be in the

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best shape of your life got 38,000 views

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which has generated him

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$1,741 from medium similarly jacked Rob

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low revealed the one harsh truth about

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staying fit at 60 got 25,000 views and

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earned him

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$1,114 that's not bad at all but to make

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the advertising model work and to quote

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Cole you need a ton of attention so

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when Cole was writing articles for Inc

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magazine for example those articles

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might be getting hundreds of thousands

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of views every single month but he would

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only be making like $11,000 from it on

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top of that people generally don't like

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lots of ads being thrown at them and the

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revenue can be volatile too sure you can

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earn pretty well one month on medium but

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the next month may be much less for a

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bunch of reasons that are outside of

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your control and that's why potentially

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a better way to make money through

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writing is the pay wall or the

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exclusivity model now this is the

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opposite of the ad model in the ad model

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you put your content out there for free

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and you monetize through advertising on

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the platforms whereas in the pay wall

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model instead of giving open access to

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your content you charge for some of it

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and this can come in many forms for

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example you can write behind a pay wall

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like newspapers like the New York Times

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do or you can put writing behind a

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premium newsletter mini pay wall for

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example the popular business substack

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account no opinion pulls in about a

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million dollar per year via subscribers

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who want to pay for access to his two

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pay World posts per week and a good idea

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to keep in mind here is Kevin Kelly's

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famous 1,000 true fans Mantra now if you

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haven't come across this before

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basically the idea is that if you want

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to earn a living you don't need millions

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of people to follow your stuff you just

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need 1,000 true fans 1,000 people out

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there in the world who'd be willing to

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pay let's say $100 per year to get

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access to your stuff your writing your

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merch your band albums all this stuff

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and it's way more doable getting a

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thousand true fans than it is to try and

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go for an audence of millions of people

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alternatively another example of a

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payall method would be creating a course

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like I did with my parttime YouTuber

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Academy or you can create a product like

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online writer Daniel Vaso did with his

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Amazon FBA ebook So Daniel had been

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writing online for a while and building

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an audience such that when he released

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his ebook he was able to make $40,000 in

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just 16 days and this is the crazy power

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of online writing and product creation

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the beauty of productizing your service

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is that you like we were talking about

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earlier you're removing the constraint

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of uh being paid for time that's the

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whole that's like the biggest challenge

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is as long as you're being paid for your

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time and not the

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outcome it's really hard to have some

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sort of exponential jump in income now

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generally with the pay model the content

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that you would charge people for might

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be the same sort of topics as the stuff

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that you're writing online for free but

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you're may be going into them in way

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more depth in detail and then finally

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we've got the services model also known

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as the I'll do it for you model now in

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this method you're not directly making

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money by writing for an audience but

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you're offering writing as a service to

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businesses or to individuals who are

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willing to pay for that service and this

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is things like content writers and ghost

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writers and speech writers these are

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people who are making a living using

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their writing but offering it as a

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service now these can be ridiculously

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well-paying like some ghost writers for

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example who write autobiographies for

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celebrities and CEOs and Executives and

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stuff can be charging up to a million

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dollars for a single book potential

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ghost writing quote unquote clients are

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everywhere they exist everywhere anyone

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with a big YouTube channel probably

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needs a ghost writer anyone with a big

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podcast probably needs a ghost writer

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anyone with a company probably needs a

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ghost writer but there's also way

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smaller ways of doing this if you think

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of ghost writing or content writing for

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businesses now Nicholas Cole actually

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has a new book about this called the art

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and business of ghost writing I've not

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read it yet it's on my Tob read list but

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I'll put a link down below if you want

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to check it out if you're interested in

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potentially making money from Ghost

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writing his writing is fantastic so I'm

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sure the book is going to be amazing

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even though I've not yet read it and the

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cool thing about ghost writing is that

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it also helps you build your own network

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while you're doing the thing but when it

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comes to offering writing as a service

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the real money is often made in a field

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called copywriting and copywriting is

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writing that is designed to sell

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something kind of product and the reason

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why copywriting can often be more

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lucrative than any other form of writing

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is because you can potentially earn a

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percentage of the upsite for example

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there are famous copywriters like Gary

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Halbert who apparently can make millions

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of dollars from just a single piece of

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copywriting how you break into upper six

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figures seven figure plus territory is

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you have to not be compensated for the

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effort but for the outcome that you

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drive the way that a lot of uh really

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successful sales copywriters structure

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their deals is they go okay let's take a

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product or let's take an ex existing

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funnel here's the average amount of

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Revenue that you're doing right now if I

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can write things that lift the revenue

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25% 50% I get a piece of that so now

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you're being compensated on the outcome

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you drive not on the I spent 20 hours

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rewriting the landing page right so

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that's a bit of an introduction to the

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world of online writing you should

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definitely check out the book it's

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really good I've read it I think three

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times and each time I've taken lots of

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tips away that I can apply to my own

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business and my own YouTube channel even

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outside outside of the world of writing

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and if you enjoyed this video you're

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going to absolutely love the long form

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podcast episode that I did where I

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interviewed Nicholas Cole where we

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talked about the five specific methods

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that you can earn up to a million

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dollars as an online writer that'll be

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linked right over there and it's also

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available on Spotify Apple app podcast

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iTunes everywhere you get podcasts but

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you should watch it over there because

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that's a YouTube video version so you

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can see what's going on in real life as

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well thank you so much for watching and

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I'll see you hopefully in the next video

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bye-bye

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Related Tags
Online WritingMonetization StrategiesNicholas ColeDigital CareerWriting ToolsPersonal BrandSocial Media WritingFeedback LoopGhostwritingCopywriting