Smart People Should Make Things
Have you ever heard the saying: "Smart People Should Make Things"?
Perhaps it's a bit intimidating.
You're smart, but maybe not smart enough to make anything.
The immortal words of Steve Jobs may help with this:
"Life can be so much broader, once you discover one simple fact, and that is that
everything around you that you call 'life' was made up by people who were no smarter than you. And you can change it, you can influence it, you can build your own things that other people can use."
We are getting would-be entrepreneurs who are stuck on thinking they need high technology, coding experience, or a heap of money to understand the new direction of online income.
MJ DeMarco, writer of "The Millionaire Fastlane" correctly surmised the formula using the acronym C.E.N.T.S.
C - Control - to create true financial freedom you must control the "product". You control the paid newsletter. You even determine what passionate topic it will be written about.
E - Entry - or more properly put: "create a barrier to entry". This is sometimes called a moat. A moat is a deep, wide ditch surrounding a castle, fort, or town, typically filled with water and intended as a defense against attack. Many think that software is the only moat that you can create in today's marketplace. But the truth is your list of readers (subscribers)
N - Need - We teach you how to create the content that your readers will eagerly pay for.
T - Time - As Tim Ferriss so aptly described in The 4-Hour Workweek you must find a muse (side-hustle)
S - Scale - This is a BIG one. Many physical product entrepreneurs are learning hard lessons about the complexity of importing, warehousing, and shipping. And the high costs associated with them. Your subscribers can grow to thousands or tens of thousands. And your product costs can be very modest. Even one-thousand subscribers at $10/month will kick you into the 6-figure income bracket!
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Page Updated Last on: Jan 22, 2020