Category: Business

  • Crypto: Investing or Gambling And What Assets Can Truly Generate Wealth

    Crypto: Investing or Gambling And What Assets Can Truly Generate Wealth

    Alright, time for the controversial part. The part where some of you are going to get mad at me.

    If you aren’t following the topic, there were two articles that precede the current one, I encourage you to read them first:

    1. The Time-for-Money Trap: Why Business Ownership Is the Only Path for Building Wealth and Financial Freedom
    2. Building Wealth Through Investing: Real Estate and Index Funds

    Okay, ready?

    Cryptocurrency is not investing. It’s gambling.

    I don’t care how many YouTube videos you’ve watched, how many X threads promised you’d “make it,” or how sophisticated the blockchain technology sounds. For the vast majority of people, putting money into crypto is pure speculation at best and getting scammed at worst.

    The fundamental principle of investing is that you’re buying an asset with intrinsic value – something that produces cash flow, earnings, or utility.

    When you buy stock in Apple, you own a piece of a company that makes products, generates revenue, and distributes profits. When you buy real estate, you own property that can be used or rented for income. There’s underlying economic value.

    When you buy a shitcoin, what do you actually own? A string of code that doesn’t produce anything, doesn’t generate cash flow, doesn’t have earnings. Its only value is what the next person is willing to pay you for it.

    That’s called the “greater fool theory” – you’re hoping a greater fool than you will buy it at a higher price.

    What Buffet And Stats Say

    black and white portrait of Warren Buffett representing disciplined wealth-building through business ownership

    Warren Buffett has been brutally clear about this:

    “Cryptocurrencies basically have no value and they don’t produce anything… In terms of value: zero”.

    His longtime partner Charlie Munger has called it “rat poison squared” and even compared it to a “venereal disease”. These aren’t just random old guys yelling at clouds – these are literally the most successful investors in human history.

    But forget their opinions. Let’s look at the data.

    A 2022 study by the Bank for International Settlements analyzed global crypto exchange data and found that 73-81% of retail cryptocurrency investors lost money.

    Read that again: three-quarters of people who bought crypto ended up with less money than they started with.

    The pattern is predictable: prices surge, media hype builds, new users jump in late to the rally, then the crash comes, and the majority are left holding massive losses.

    Another study found that three-quarters of Bitcoin purchasers worldwide have not made a profit. Despite all the hype, most people who bought Bitcoin are underwater.

    Let’s Look At The Examples

    But wait, what about the people who made millions? Yes, some people did. Just like some people win at the casino. But for every winner, there are multiple losers – because crypto is a zero-sum game (actually negative-sum when you factor in exchange fees and energy costs).

    Let me tell you a composite story that represents thousands of real experiences:

    “Bitcoin Bob” is a tech-savvy 30-something who sees Bitcoin hitting $60,000+ in late 2021. Everyone’s talking about crypto gains. His friend bought a new car with Ethereum profits. Hello FOMO!

    Bob puts $50,000 of his savings into various cryptocurrencies. Initially, his portfolio jumps to $75,000. He feels like a genius. He’s calculating when he’ll become a millionaire.

    Then 2022 hits: Bitcoin crashes over 70% from its peak. Most altcoins drop 90%. Some platforms where he held crypto freeze withdrawals – Celsius and Voyager go bankrupt. His $75,000 is now worth $20,000.

    Panicked, he sells to cut his losses. He’s effectively gambled away $30,000 of his savings.

    This happened to tens of thousands of people.

    Compare Bob to “Lucky Lucy” – she bought Dogecoin as a joke with $1,000. It skyrocketed 100x during an Elon Musk-fueled mania. She cashed out $100,000.

    Lucy got lucky. That’s it. Her success wasn’t based on analysis, fundamental value, or any repeatable strategy. It was pure timing and luck – like winning a hand at the casino.

    If Lucy keeps “investing” in hype coins, eventually she’ll lose. The house always wins in gambling.

    Does It Hold Any Value?

    Christine Lagarde, president of the European Central Bank, warned in 2022 that crypto assets are “based on nothing” and “worth nothing” in terms of intrinsic value, telling people to be prepared to lose all the money they invest.

    Here’s the philosophical problem I have with calling crypto “investing”: you have no certain knowledge that any particular coin will go up. If it goes 10x today, it could crash to zero tomorrow. There’s no rational basis for valuation because there are no earnings, no cash flows, no fundamental metrics to analyze.

    With the S&P 500, you can reasonably expect that over 10-20 years, the economy will likely grow, companies will generate profits, and your investment will probably increase in value. With real estate, you can analyze rental markets, local development, property conditions.

    With crypto prices move on sentiment, tweets, momentum, and manipulation. It’s not investing based on fundamentals – it’s speculation based on hoping you can sell to someone else for more.

    Be Aware Of Fraud

    The crypto world has also been plagued by outright fraud: the Mt. Gox collapse in 2014, the FTX implosion in 2022 where billions disappeared, countless pump-and-dump schemes on small tokens.

    I know someone’s going to argue “but blockchain technology is revolutionary” or “Bitcoin is digital gold.” Maybe. Time will tell. But that doesn’t mean it’s a good investment right now for regular people.

    Even if blockchain transforms finance someday, that doesn’t mean any current cryptocurrency will be the winner. Betting on crypto is like investing in internet companies in 1999 – sure, the internet was revolutionary, but most of those companies went to zero.

    Look, if you want to gamble 1-5% of your portfolio on crypto for fun, fine. Treat it like a lottery ticket. But don’t confuse it with investing, and don’t bet money you can’t afford to lose completely.

    The uncomfortable truth is that crypto has become a wealth transfer mechanism from late adopters to early adopters, from retail investors to exchanges and whales, from the hopeful to the ruthless.

    The Two Ingredients Your Money Needs to Multiply

    Let’s bring this back to the fundamentals of real investing.

    Whether you’re talking about index funds or real estate (read the previous article for details), legitimate investing requires two essential ingredients: capital and time.

    Capital is obvious – you need money to invest. You can’t buy property or stocks with empty pockets.

    But the amount of capital matters enormously.

    If you invest $1 in the S&P 500 earning 5% annually, that’s 5 cents per year. Completely meaningless. Even after 50 years of compounding, it won’t materially change your life.

    But if you invest $1 million at 5% annually, that’s $50,000 per year. That’s a livable income. You could live on just the dividends without ever touching the principal.

    Charlie Munger, Warren Buffett’s business partner, famously said you need to earn your first $100,000 – then your first million – “any way you can,” because after that, investing becomes a completely different game.

    Why? Because once you have substantial capital, you have access to real assets:

    • Commercial real estate that generates serious cash flow
    • Enough stock holdings that your dividends actually matter
    • The ability to diversify meaningfully across asset classes
    • Financial cushion to ride out market volatility without panic-selling

    This is why I emphasized in the first article that business is how you build that initial million. You need entrepreneurship and business ownership to accumulate the capital. Then you use investing to multiply and protect it.

    For me personally, earning my first million is my main focus right now. Once I hit that milestone, investing becomes a different game entirely – one where compound returns actually move the needle on my life.

    Useful Resources

    If you’re interested in business models and startup ideas to build that first million, I highly recommend the podcast “My First Million”. It’s the best business podcast out there – I’ve listened to every episode from beginning to current. They break down different business models and ideas that regular people have used to hit seven figures.

    The FIRE (Financial Independence, Retire Early) movement has popularized this concept: earn aggressively through work or business, save an extremely high percentage of your income (often 50-70%), invest it consistently, and reach financial independence much faster than traditional retirement timelines.

    For example, the Johnsons (a composite of many real FIRE stories): a dual-income couple in their 30s making a combined $120,000. Instead of lifestyle inflation, they keep expenses low and save 50% of their income. They invest heavily in index funds and buy a couple of rental properties.

    By age 45, through consistent investing and compound returns, their portfolio (including home equity, retirement accounts, and rentals) grows to around $1.5 million. Using the “4% safe withdrawal rule,” that’s $60,000 per year – enough to cover their frugal living expenses.

    They quit their jobs. Not to sit on a beach forever necessarily, but because they no longer need to work for money. They have the freedom to pursue passion projects, spend time with family, volunteer, or just choose how to spend their days.

    They traded consumption in their 20s and 30s (smaller home, older cars, fewer fancy dinners) for total time freedom in their 40s onward.

    That’s the power of combining business/career income with disciplined investing over time.

    But again: you need both ingredients. Capital without time doesn’t compound enough. Time without sufficient capital doesn’t generate meaningful returns.

    Patience is absolutely essential. Anyone promising 1000% returns quickly is selling you gambling or fraud, not investing.

    Freedom Isn’t Just Money – It’s Buying Back Your Time

    Let me wrap this up by bringing everything together.

    Real wealth isn’t about having fancy things or impressive bank account numbers. Real wealth is control over your time.

    high-contrast black-and-white portrait of Morgan Housel referenced in the article within the theme of building wealth through investing

    Morgan Housel, author of “The Psychology of Money,” nailed it:

    “The highest form of wealth is the ability to wake up every morning and say, ‘I can do whatever I want today’”.

    That’s what all of this is actually about. That’s why we’re talking about business ownership and investing in the first place.

    The progression looks like this:

    1. Business builds your initial capital (that first hundred thousand, then first million)
    2. Investing multiplies that capital and generates “passive” income
    3. When “passive” income exceeds your expenses, you achieve financial independence
    4. Financial independence means you’ve bought back your time – work becomes optional

    Financial independence doesn’t mean you stop working necessarily. Many people who reach it continue working because they love what they do. The difference is choice.

    If you’re financially free, you might still work hard on something you care about, but it’s on your terms, not because you’ll default on rent without next week’s paycheck.

    Naval Ravikant calls “ownership of your time” the real status symbol. Not the car you drive or the watch you wear, but whether you control your own schedule.

    A 2021 study found that well-being continues to rise with income, but it also showed that time stress diminishes happiness. The study found that people who spend money to save time (like outsourcing chores) report higher life satisfaction than those who have money but no time.

    Another study showed that beyond a certain comfortable income level, additional money has diminishing returns for happiness – but having more control over your schedule increases life satisfaction substantially.

    The Most Valuable Asset Of Yours

    This is why I keep hammering on the time-for-money trap. Your time is literally the most valuable, non-renewable resource you have. Every hour you trade for money is an hour of your life you’ll never get back.

    There’s no single magical path that works for everyone. Some people build businesses, some climb corporate ladders while investing aggressively, some focus on real estate, some do combinations of all three.

    But here’s the common thread among people who achieve financial freedom: they build assets that generate income without requiring their constant effort.

    They don’t rely solely on active income – trading hours for dollars. They create or acquire assets (businesses, stock portfolios, rental properties) that work for them even while they sleep.

    The balanced strategy most self-made wealthy people use:

    1. Earn income (through business or high-value career)
    2. Live significantly below their means
    3. Invest the surplus consistently
    4. Build multiple income streams over time
    5. Eventually passive income exceeds expenses
    6. Time freedom achieved

    One more crucial point: there’s a huge difference between calculated risks and foolish risks.

    • Calculated risks: Starting a well-researched business, investing in diversified index funds, buying rental property in a growing area – these have positive expected value based on historical data and fundamental analysis.
    • Foolish risks: Dumping your savings into a random shitcoin because someone on X said it’ll “moon,” day trading without experience, investing in things you don’t understand – these are gambling.

    Warren Buffett’s first rule of investing: “Never lose money.” His second rule: “Never forget rule number one”.

    That doesn’t mean avoid all risk – it means understand the difference between investing based on fundamentals versus speculation based on hope and hype.

    Choose Your Path

    Remember Ronald Read, the janitor who died with $8 million? He didn’t have a high income, or special insider knowledge, but he just invested consistently in solid companies and waited.

    Remember the crypto investors? 73-81% lost money chasing quick gains.

    One group was patient and disciplined. The other was impatient and speculative.

    Look, I get it. Index funds returning 7% annually sounds boring compared to crypto promising 10x gains. Real estate taking 20-30 years to build serious wealth sounds slow.

    But boring and slow is what actually works. Exciting and fast is usually how you lose everything.

    Your time is the ultimate non-renewable resource. Every year you spend trapped in the time-for-money cycle is a year of your life you’ll never get back.

    But the path exists.

    • Business ownership to build capital.
    • Smart investing to multiply it.
    • Patience to let compound returns work their magic.

    Eventually, passive income exceeds expenses, and you’ve bought back your time.

    No lottery ticket required, no inheritance needed. Just intentional choices, discipline, and patience.

    Stop renting out your time. Start buying it back.

    The S&P 500 has been there for 70 years, quietly compounding at 10% annually. Real estate has created countless millionaires through rental income and appreciation. These aren’t secrets – they’re just not exciting enough for social media.

    But they work. Proven, reliable, boring, and effective.

    Meanwhile, cryptocurrency continues to transfer wealth from the hopeful to the early adopters, from retail investors to exchanges, from those seeking freedom to those already free.

    Choose your path wisely. Your future self is depending on the decisions you make today.

  • Building Wealth Through Investing: Real Estate and Index Funds

    Building Wealth Through Investing: Real Estate and Index Funds

    In the previous article, I talked about business and how this is the only (legal) way to get to financial freedom. There’s the second one, which is investing. But there’s a caveat: to invest, you need some money first. So there’s no point in discussing investing before we have a tangible sum for that. But let’s be creative and imagine that scenario.

    So, let’s say you’ve built your first chunk of capital through business. Maybe it’s $100,000, maybe it’s $500,000, maybe you’ve hit that magical first million. Congratulations – seriously. You’ve done what most people never will.

    But here’s where most people completely screw up: they have no idea what to do with that money once they have it.

    Some stick it in a savings account earning 0.5% interest while inflation eats away 3-4% of its value every year. Others see some crypto bro on Twitter showing off a Lamborghini and think “that could be me” – then proceed to lose everything chasing the next pump-and-dump scheme.

    Investing vs. Gambling

    There’s a massive difference between investing and gambling, but in today’s world, those lines have been deliberately blurred by scammers who want your money.

    • Real investing has two essential ingredients: capital and time. You put money into assets that have a reasonable expectation of growing in value based on actual economic productivity. Then you wait – years, sometimes decades – while compound returns do their magic.
    • Gambling, on the other hand, is when you put money into something with no intrinsic value, no cash flow, no fundamental basis for valuation, and you just hope that someone else will pay you more for it tomorrow than you paid today.
    black and white portrait of Benjamin Graham representing value investing principles and disciplined wealth creation

    Benjamin Graham, the father of value investing, defined it this way:

    “An investment operation is one which, upon thorough analysis, promises safety of principal and a satisfactory return. Operations not meeting these requirements are speculative”.

    By that definition, here’s the uncomfortable truth: most people who think they’re “investing” are actually just gambling.

    Let me show you what real investing looks like – and what it absolutely doesn’t.

    The Index Fund That Beat 90% of Wall Street Experts

    Let’s start with the simplest, most boring, most reliable wealth-building tool: the S&P 500 index fund.

    The S&P 500 tracks the 500 largest publicly traded companies in the United States. When you invest in an S&P 500 index fund, you’re basically buying a tiny piece of the entire U.S. economy – Apple, Microsoft, Amazon, Tesla, Johnson & Johnson, all of them.

    It’s not sexy. Nobody’s going to brag about their S&P 500 holdings at parties. But here’s what it does: it makes money, consistently, over time.

    Since 1957, when the S&P 500 took its current form, it has delivered an average annual total return of about 10.5%. After adjusting for inflation, that’s roughly 6.7% real growth per year.

    Let me put that in concrete terms so you understand what compound returns actually mean:

    If you had invested $100 in the S&P 500 in 1957, by 2025 it would have grown to over $96,000 in nominal terms – that’s about $8,300 in inflation-adjusted purchasing power.

    That’s not from trading, picking hot stocks, or any genius moves. Just buying the index and holding it through every crash, every recession, every bear market, every moment of panic.

    Now: the stock market isn’t a straight line up. There have been drops – the 2008 financial crisis saw declines of over 50% in some cases. The 2020 COVID crash happened so fast it made people’s heads spin.

    But every single decline has been followed by a recovery to new highs, given enough time.

    This is why time is the second essential ingredient for investing. You need the patience to ride out the volatility. If you “invested” money you need next month into the stock market, you’re gambling that it won’t crash before you need the cash.

    Let’s Do Some Public Math

    Warren Buffett, who is worth about $160 billion and is widely considered one of the greatest investors ever, has repeatedly said that for most people, an S&P 500 index fund is the best investment.

    He even made a public bet in 2007: he wagered that an S&P 500 index fund would outperform a selection of hedge funds over 10 years. The hedge funds had all the fancy strategies, the expert managers, the complicated algorithms. The index fund won by a huge margin.

    Here’s another mind-blowing stat: over any given 15-year period, over 90% of actively managed stock mutual funds underperform the S&P 500 index after fees.

    Think about that. Professional fund managers, with teams of analysts and millions of dollars in research budgets, can’t beat the simple strategy of “buy everything and hold it.”

    black and white portrait of Jack Bogle symbolizing long-term wealth building through index funds

    Jack Bogle, the guy who popularized the index fund, said:

    “The stock market is a device for transferring money from the impatient to the patient”.

    But you need time. Compounding a 5-10% annual return doesn’t change your life overnight.

    If you invest $1,000 and it grows at 8% annually:

    • After 10 years: $2,160 (decent, not life-changing)
    • After 30 years: $10,000 (now we’re talking)
    • After 50 years: $46,000 (substantial wealth from one initial investment)

    This is why index fund investing works best as a long-term wealth builder, not a get-rich-quick scheme. You’re literally investing in the productive capacity of the entire economy and collecting your share of that growth.

    The key principle: your investment return must exceed inflation, or you’re losing money in real terms. The S&P 500 has cleared that hurdle with room to spare for seven decades.

    How a Vermont Janitor Died Wealthier Than Most Doctors

    Let me tell you a story about Ronald Read.

    Ronald worked as a gas station attendant and later as a janitor in Vermont. Not glamorous jobs. Not high-paying. He lived in a modest house, drove an old car, wore the same jacket for years.

    black and white portrait of Ronald Read representing how compound returns build wealth over decades

    When he died at age 92, people in his town were shocked to discover he had accumulated an $8 million portfolio.

    How did a janitor become a multimillionaire?

    He bought shares in solid, dividend-paying companies – blue-chip stocks that you’ve heard of, held them for decades, and reinvested the dividends, while lived below his means so he could keep buying more shares. And he waited.

    That’s it. No secret formula, insider information, or complicated trading strategies.

    Just patience, discipline, and the power of compound returns over time.

    There Was a Secretary

    There’s a similar story about Grace Groner, a secretary who in 1935 invested $180 in shares of Abbott Labs (her employer). She held that investment, reinvested dividends, and never sold. When she died in 2010, that initial $180 had grown to $7 million.

    black and white portrait of Grace Groner representing wealth achieved through patient, long-term investing

    These aren’t isolated cases. A 2019 study by Ramsey Solutions found that many millionaires were engineers, accountants, teachers, and other steady professions – not hedge fund managers or tech entrepreneurs. They built wealth through consistent saving and disciplined investing over decades.

    The common thread between them is that they became investors while remaining employees. They didn’t rely solely on their salary – they made their money work for them in the markets.

    They also shared another critical trait: they kept their expenses modest, didn’t upgrade to a bigger house every time they got a raise, didn’t buy new cars every few years, didn’t try to look rich – they actually became rich by investing the difference.

    Compare these real stories to the crypto traders who made millions in 2021 buying Lamborghinis and luxury watches, only to lose it all in the 2022 crash. One group was investing based on economic fundamentals and patience. The other was gambling on momentum and hype.

    Real Estate: The 90% Solution Nobody Talks About

    Here’s a stat that should make you pay attention: approximately 95% of U.S. millionaires own real estate – either their primary home or investment properties – and nearly half own investment real estate or land.

    black and white portrait of Andrew Carnegie symbolizing wealth through real estate ownership

    Andrew Carnegie, one of the richest industrialists in history, once said:

    “90% of millionaires become so through owning real estate”.

    So why is real estate such a powerful wealth-builder?

    The model is actually pretty straightforward: you buy property (residential or commercial), you rent it out for monthly income, and over time the property value appreciates. You’re getting two returns – rental yield (like a dividend) plus property value growth.

    Historically, housing prices in the U.S. have increased at about 4-5% annually in nominal terms – roughly 1-2% above inflation on average. Not as high as stocks, but more stable with less volatility.

    But here’s where real estate gets really interesting: leverage.

    When you buy stocks, you typically pay cash for the full amount. But with real estate, you can put down 20% and borrow the rest with a mortgage. If the property value goes up, you earn appreciation on the full value, not just your down payment.

    Let me make this concrete:

    You buy a $500,000 property with $100,000 down (20%) and a $400,000 mortgage. Your tenants pay rent that covers your mortgage payment, property taxes, and maintenance. After 20 years, the property is worth $800,000 and the mortgage is paid off.

    You invested $100,000 initially (plus costs over time, sure), but you now own an $800,000 asset. The tenants essentially paid off your mortgage for you while you built equity.

    This is the time-tested formula that has created millions of ordinary millionaires: buy rental properties, hold them for 20-30 years, let rents and appreciation do the work, end up owning valuable assets outright.

    Real Examples of Real Estate Wealth

    Carl and Mindy Jensen used a strategy called “live-in flips.” They’d buy houses that needed work, live in them for a couple of years while fixing them up, then sell for a profit – taking advantage of a U.S. tax law that exempts capital gains on primary residences up to $500,000 for couples. They repeated this multiple times, rolling profits into the next property, and built significant wealth relatively quickly.

    Ryan Pineda started by flipping couches for small profits, then flipped his first house with a $25,000 gain. He rapidly scaled to flipping dozens of homes per year, turning those profits into a multi-million dollar real estate portfolio by his late twenties.

    Even more common: the schoolteacher and postal worker couple who buy a duplex, live in one unit, rent out the other (house hacking). After a few years, they use savings and equity to buy another rental. They repeat this a few times over 30 years. By retirement, their properties are paid off, have quadrupled in value, and produce steady passive income.

    These aren’t billionaires of course. But these are regular people who understood real estate’s wealth-building power.

    Fly In The Ointment

    Now, I’m not going to pretend real estate is perfect. The 2008 housing crash proved that property values can decline. Properties come with costs: maintenance, property taxes, insurance, potential vacancy periods, and they’re not liquid – you can’t sell half a house if you need cash quickly.

    It’s also more hands-on than buying an index fund. You’re dealing with tenants, repairs, property management. Unless you hire a property manager, which eats into your returns.

    And of course the real estate market conditions vary from country to country.

    But here’s why many people gravitate toward real estate: it’s tangible. You can see it, touch it, drive by it. It feels more “real” than numbers on a brokerage statement. And historically, it generally appreciates over time while providing cash flow along the way.

    Real estate also serves as an inflation hedge – when prices in general rise, rents and property values tend to rise too. Your mortgage payment stays fixed while your rental income increases.

    For passive investors who don’t want to manage properties directly, there are REITs (Real Estate Investment Trusts) – basically mutual funds for real estate that you can buy like stocks.

    The bottom line: real estate is a proven, legitimate wealth-building asset class. It requires more capital upfront than stock investing, more active management, and isn’t as liquid. But for those willing to learn the game, it’s created more millionaires than probably any other asset class.

    To Be Continued

    The last part I want to talk about is crypto and my relationships with it. And also I talked about two ingredients of successful investing: money and time, so I want to expand on that topic as well. I gathered a lot of examples from the Internet that will help us be more specific and real. But all that is material for the next article.

    In the meantime let’s quickly recap all we have to say about finding your path to financial freedom. There are two fundamental ways for that: business and investing. Investing requires time and money, which not all of us have at the beginning. But we have to consider this path as soon as we start making any money, because of the compound effect. And for making money we have to build a business, there’s no other way.

    As for me personally, I started some tangible investments while having my last job: all the bonuses I got I invested in some crypto assets and commercial real estate. We will discuss crypto in the next piece, but real estate already brought me dividends after two years of passive waiting. So it’s the first time I can say on my personal example this works.

    As for business, I’m currently providing web-development services for my clients at anticode.net and building my own products: some of them related to my personal brand and I mention them a lot in my writings, and some are yet to be announced, so stay tuned for that.

    And let me know in the comments what type of investing you personally experienced and want to try.

  • The Time-for-Money Trap: Why Business Ownership Is the Only Path for Building Wealth and Financial Freedom

    The Time-for-Money Trap: Why Business Ownership Is the Only Path for Building Wealth and Financial Freedom

    The Three Doors to Wealth (And Why Two of Them Are Locked)

    There are really only a few ways you can make money in our current economic system. And most of them are complete garbage.

    You can win the lottery. You can be born into a wealthy family where every need is covered before you even think about it. Congratulations if that’s you – seriously, use that advantage. But for the rest of us it’s not that simple. We’re stuck figuring it out ourselves.

    Most people default to the same path without even questioning it: get a job, trade your time for money, work 8-12 hours a day (sometimes more), and hope that somehow, someday, this will lead to freedom and wealth.

    Spoiler: it won’t.

    I’ve said this before and I’ll keep saying it – business ownership is the only viable path I see to real freedom and wealth in today’s world. The math simply doesn’t work any other way.

    According to recent research, approximately 88% of millionaires are business owners. Let that sink in for a second. If you want to join the millionaire club, the overwhelming probability is that you need to own a business, not work for one.

    Here’s an even crazier stat: entrepreneurs make up only about 8.7% of households in the United States, yet they hold roughly 39% of total wealth. Think about that ratio. Less than 9% of people control nearly 40% of the money. That’s not a coincidence.

    black and white portrait of Warren Buffett representing disciplined wealth-building through business ownership

    Warren Buffett, one of the richest humans on the planet, put it:

    “If you don’t find a way to make money while you sleep, you will work until you die”.

    So let’s break down why your job – no matter how good it seems – is probably a cage you don’t even realize you’re in.

    Why Your Paycheck Has a Ceiling (And Your Boss’s Doesn’t)

    Here’s the fundamental problem with employment: you’re exchanging your time for money. Sounds obvious, right? But most people never really think through what this means.

    You have 24 hours in a day. You can realistically work maybe 8-12 of those hours. That’s your absolute ceiling. You literally cannot sell more time than exists.

    Now, let’s say you’re making $25 an hour. You work 40 hours a week. That’s $1,000 per week, roughly $52,000 per year. Want to double that? You have exactly two options:

    1. Work 80 hours a week (good luck maintaining that without destroying your health)
    2. Somehow double your hourly rate, which might take years of promotions, skill development, or job-hopping

    There’s no third option. Your income is fundamentally capped by the hours you can physically work and the rate someone is willing to pay you.

    Compare this to business ownership. If your business doubles its sales, your profit can double – or even more than double if you’ve built good margins. You’re not limited by your personal hours because you’re leveraging other people’s time, other people’s money, and systems that work without you.

    Naval Ravikant portrait symbolizing leverage and transformation to creator career path

    Naval Ravikant, a legendary angel investor, nailed it:

    “You’re not going to get rich renting out your time. You must own equity – a piece of a business – to gain your financial freedom”.

    But here’s what really gets me. When you work a job, you’re not just capped by time. You’re also getting a fraction of the value you create.

    Companies don’t hire people out of charity. They hire you because you generate more value than they pay you. That’s literally how business works. If you bring in $200,000 worth of value to the company, they might pay you $70,000. The rest is the profit that goes to the business owner.

    Business Owners Have More Leverage

    I’m not saying this is evil or wrong – it’s just reality. But you need to understand which side of the equation you’re on.

    Research by finance professor Vincenzo Quadrini found that entrepreneurs don’t just earn more income than employees – they also tend to save and reinvest a much larger fraction of their earnings, which accelerates wealth accumulation even further.

    And let’s talk about taxes for a second. Your salary gets hammered with ordinary income tax – the highest tax rate for most people. Business owners can structure their income as dividends, capital gains, and business expenses, often paying significantly less in taxes on the same amount of money.

    Even the highest-paid employees – specialist physicians making around $230,000 in the US – are making an order of magnitude less than what successful entrepreneurs can earn if their businesses grow. And those doctors are trapped in the same time-for-money cycle. They stop working, the money stops flowing.

    There’s also the autonomy factor that nobody talks about enough. Even if you’re a highly-paid employee, you still have a boss. You still need to show up when they tell you to. You can still get fired. The Kaufman Foundation surveyed entrepreneurs and found that “being your own boss” and “pursuing your own idea” were the top reasons people chose to start businesses.

    Freedom isn’t just about money, but also about controlling your time and decisions.

    You’re Building Someone Else’s Fortune

    Let me make this really concrete for you.

    When you work for a company, you create value. Let’s say you’re a software developer and you build a feature that helps the company close $500,000 in new sales. The company pays you your $100,000 salary. They pocket the remaining $400,000 (minus other costs, sure, but you get the point).

    You worked for that $100,000. The owner made money off your work without doing the actual coding.

    Now flip the equation. What if you owned the business? What if those $400,000 in profits went to you instead?

    This is why the richest person in any company is almost always the owner or major shareholder – not the hardest worker, not the most talented employee. The owner.

    Black-and-white portrait of Robert Kiyosaki representing modern financial freedom and cashflow quadrant ideas

    Robert Kiyosaki, love him or hate him, said something that stuck with me:

    “The poor and the middle class work for money. The rich have money work for them”.

    When you own a business, you’re no longer in the time-for-money trap. You can hire 10 employees, effectively harnessing 10 person-hours for every one hour you work. You can build systems and products that generate income whether you’re at your desk or on a beach.

    An employee working one hour can only leverage that one hour of time. Unless you’re managing a team – but even then, your compensation is still not proportional to the total output of your team. Your boss is taking that cut.

    From Wall Street VP to World’s Richest: The Jeff Bezos Story

    In 1994, Jeff Bezos was a senior vice president at D.E. Shaw, a Wall Street investment firm. This wasn’t some entry-level job – he was making serious money. The kind of salary most people would kill for. Stable income, prestigious position, clear career trajectory.

    And he quit.

    He walked away from that comfortable, high-paying job to start an online bookstore in his garage. People thought he was insane. Why would you leave a VP position to sell books on this new “internet” thing?

    Here’s the thing though – Bezos understood something that most employees never figure out. He understood that his upside was capped at D.E. Shaw. Sure, he might make partner, might get bonuses, might climb to the very top. But he’d always be an employee. His wealth would always be limited by the salary structure and his personal hours worked.

    By starting Amazon, he switched sides of the equation. He went from being the person who makes money for the company to being the person who owns the company.

    Within a few years, Amazon’s success made Bezos one of the richest people on Earth – with a net worth that eventually exceeded $100 billion (and many more today).

    Could he have ever approached that wealth by staying an employee, even a very well-paid one? Absolutely not. Not even close.

    Maybe He Is an Exception?

    This isn’t just a Bezos thing. Look at the Forbes billionaire list – it’s dominated by founders of companies. Tech entrepreneurs, industrialists, people who built businesses. You don’t see many career employees on that list, no matter how high they climbed in someone else’s company.

    Even high-level executives who make millions in salary rarely accumulate the wealth that top entrepreneurs do – unless they have significant equity stakes, which again, is business ownership.

    Ownership of equity scales exponentially. Salaries scale linearly, if they scale at all.

    According to IRS data in the United States, for the top 0.1% of earners, the majority of their income comes from investments and business ownership, not from salaries. Meanwhile, the bottom 90% rely mostly on wages.

    This is the game we’re all playing. Most people just don’t realize they’re playing it on the losing side.

    The Two Types of Business (And Why One Still Traps You)

    Okay, so you’re convinced that business ownership is the path. But here’s where it gets nuanced, and this is something a lot of people miss.

    Not all business ownership is created equal.

    I want to make a distinction here between entrepreneurship and business. Yes, technically any business owner is an entrepreneur. But hear me out, because this difference matters.

    Entrepreneurship

    Entrepreneurship means you’re actively, directly involved in the day-to-day work of your business. You’re still trading your time for money, just in a different package.

    Examples:

    • You’re a freelancer selling your coding skills. You stop coding, you stop making money.
    • You run an agency, but you’re personally managing every client relationship and sale. You take a vacation, sales pipeline dries up.
    • You’re a consultant, and every dollar you earn requires you to show up and deliver the consulting yourself.

    This is better than traditional employment in a lot of ways – you have more freedom from a boss, you control your rates, you choose your clients. But you’re still fundamentally limited by your personal time and energy.

    I know this personally because this is how I’ve operated my web development studio. I sell my system analysis and development skills. Good money, yes. But if I’m not working, the business isn’t generating revenue. That’s entrepreneurship, not business.

    Business

    Business, on the other hand, is a system that works without you. Your participation isn’t required for it to generate income – or at least, your participation is minimal and strategic rather than operational.

    Examples:

    • A software product that customers pay for monthly, and a team handles support
    • Rental properties that generate income whether you’re involved or not
    • A company with a CEO and team running operations while you make quarterly strategic decisions

    The difference is leverage and freedom.

    Paul Graham once pointed out that you can’t get wealthy by “renting out your time” because there’s a cap on what others will pay per hour, and you can’t get rich “while you sleep” unless you break that direct time-income connection.

    This is the difference between residual income and active income. As an employee or active entrepreneur, when you stop working, income stops. There’s usually no residual benefit from past effort – you get paid for the hour or the project, then it’s done.

    But when you own assets – a company that runs systematically, properties that generate rent, products that sell automatically – those continue producing income even when you’re not personally present.

    Naval Ravikant defined wealth perfectly:

    “Wealth is having assets that earn while you sleep. Money is how we transfer time and wealth”.

    By that definition, a salary isn’t wealth – it’s a temporary transfer of your time for money. Real wealth is what keeps generating after you stop working.

    Your First Million Won’t Come From a Timecard

    Let me bring this all together.

    The employment model is fundamentally broken if your goal is wealth and freedom. You’re trading the most valuable non-renewable resource you have – your time – for a capped income that someone else controls.

    Even the best employment situations – six-figure salaries, great benefits, interesting work – still trap you in the time-for-money cycle. You stop showing up, the money stops coming. That’s not freedom, that’s just a nicer-looking cage.

    Business ownership offers something completely different:

    • Scalability: Your income isn’t limited by your hours
    • Leverage: You use other people’s time, skills, and capital
    • Equity growth: The value of what you own can multiply exponentially
    • Autonomy: You make the decisions about your time and direction

    Now, I’m not going to lie to you and say business is risk-free. It’s not. Tons of businesses fail. Plenty of entrepreneurs go bankrupt. The risk is real.

    But here’s the risk-reward calculation that makes sense to me: If you invest $10,000 into starting a business, the worst case is you lose $10,000. In the best case you could make 10x, 100x, or even more. The upside is disproportionately huge compared to the downside.

    Compare that to employment: Your upside is basically capped at your salary plus maybe bonuses. Your downside is job loss, but you’re not risking capital – just your time and opportunity cost.

    Independence Matters

    black and white portrait of Charlie Munger symbolizing wisdom in investing and independence

    Charlie Munger, Warren Buffett’s longtime business partner, put it simply:

    “I did not intend to get rich. I just wanted to get independent”.

    That’s what this is really about. Independence. The ability to wake up and decide how you’ll spend your day based on what matters to you, not what your boss needs from you.

    Can you achieve some level of financial security through a job? Sure. Some people do. They earn good salaries, live below their means, invest the difference, and eventually build wealth. I respect that path.

    But if you want to build serious wealth – the kind that buys back your time, that gives you real freedom – business ownership is the most proven, most reliable path.

    The math is simple: 88% of millionaires own businesses. The wealthiest people in any company are the owners, not the employees. Entrepreneurs holding just 9% of households control 39% of total wealth.

    You can keep trading your time for money, hoping that someday it adds up to freedom. Or you can flip the equation and start building something that generates value beyond your personal hours.

    Beyond The Business Side

    Building your first million through business is just the beginning. Because once you have capital, a whole new game opens up – one where your money works for you instead of you working for money.

    That’s where investing comes in. Real investing, not gambling. The difference between putting your money into assets that compound over decades versus throwing it at speculative bets that evaporate overnight.

    In the next article, we’ll break down the three main paths for making your money multiply:

    1. index funds like the S&P 500 that have returned 10% annually for 70 years,
    2. real estate that’s made more millionaires than any other asset class,
    3. and cryptocurrency – which I’m going to argue isn’t investing at all, but pure gambling dressed up in tech language.

    We’ll look at the janitor who died with $8 million in his portfolio, the exact strategies that 95% of millionaires use with real estate, and the data showing why three-quarters of crypto investors lost money.

    Your time is the ultimate non-renewable resource.

    Stop renting it out.

    Start buying it back.

  • How To Earn My First Million Dollars: One Person Business Monetization Models

    How To Earn My First Million Dollars: One Person Business Monetization Models

    This is the second part of the 2-part series about the idea of earning a million bucks. The first one covered the simple math and the notion of dividing the big goal into small, digestible chunks so you can trick your mind on the way there.

    In this part, we’ll dive a little bit deeper into monetization and sales strategies. So let’s get to it.

    Monetization Models That Multiply Your Revenue

    How you charge for your product matters almost as much as what you charge.

    Most of us think about products as one-time purchases because that’s what we’re used to in the physical world. You go to a store, buy something, pay once, it’s yours. Done. And yes, that model works for certain digital products too – ebooks, courses, templates, one-off consultations.

    But your product might represent a different kind of value, one that makes more sense as a recurring purchase.

    The Subscription Model

    If you offer a consultation service, someone might need your help today and then again in three months. Instead of selling single sessions, you could package it as a monthly retainer or a multi-session package with payment plans.

    This does two things: it makes the purchase easier for the client (spreading payments over time), and it makes your income more predictable. Once you have 20 clients on a monthly consulting retainer, you know exactly what’s coming in each month.

    Screenshot of Carrd’s Go Pro features list highlighting subscription-based web tools.

    The classic example is SaaS platforms – software where you pay monthly or annually for access. Carrd does this with its $19/year premium plan. It’s not a huge amount per person, but multiply it by tens of thousands of users, and you’ve got serious revenue.

    Lenny Rachitsky runs Lenny’s Newsletter, a Substack publication about product management. He has more than 1,000,000 free subscribers and roughly 18,000 paying members (maybe more) who each pay around $150 per year. That’s over $2 million in annual revenue from a newsletter. One person. No employees. Just valuable content delivered consistently.

    Screenshot of Lenny’s Newsletter homepage showing content about product and growth insights.

    Pieter Levels shared data showing that a subscription business model can make around $2 million by year five, compared to only $183,000 for a one-off sales business with similar user growth. The compounding effect of recurring revenue is that powerful.

    One-Time Sales

    That said, one-time sales still have their place. If you’re selling something that doesn’t require ongoing updates or support – like a comprehensive ebook or a template pack – then charging once makes sense. You create it, sell it, and the customer owns it forever.

    It’s simpler to execute, especially when you’re just starting. You don’t have to maintain a service or constantly create new content to justify a subscription.

    Screenshot of Beeple’s Instagram grid showcasing digital art and large-scale creative output.

    Digital artist Beeple sold a single NFT artwork for $69 million at Christie’s auction in 2021. That’s an extreme outlier, obviously, but it proves that one-time sales can still generate massive numbers under the right circumstances.

    My first product is an example of a one-time sales model. It’s a package of AI prompts with detailed instructions (including video tutorials) and an algorithm of content creation for your brand: ANTIghostwriter. It’s a digital product, so I can sell it potentially an infinite amount of times while creating it once. I have to mention that I still update the product if the prompts need to be refreshed, so it’s not exactly zero work after the first production cycle. But still, it falls under the category “create once, sell infinite”.

    The Hybrid Approach

    Black-and-white portrait of Ken Yarmosh, known for hybrid monetization strategy insights

    “The smartest don’t choose between high-ticket and low-ticket – they use both.” – Ken Yarmosh

    Personally, I think the smartest move is combining these models. Have a low-priced one-time product as your entry point. Maybe add a mid-priced subscription or membership option for people who want ongoing value. Then offer a high-ticket service or program for those ready to invest more deeply.

    This way, you’re not leaving money on the table. Someone who can’t afford your $2,000 program can still benefit from your $50 ebook. And that $50 ebook customer might become a $2,000 customer six months down the line once they see the value you deliver.

    Service Packages and Retainers

    For service-based One Person Businesses, packaging your offerings into retainers or multi-session commitments changes everything. Instead of constantly hunting for the next client, you build a roster of ongoing relationships.

    Let’s say you land 10 clients at $5,000 per month each. That’s $50,000 monthly, $600,000 annually. Get to 15 or 20 clients, and you’re well past a million. Is it easy? No. But it’s achievable, especially in specialized fields like design, development, or strategic consulting.

    The key principle across all these models: if your product requires your constant participation and ongoing attention, subscription pricing makes sense. If it’s something you create once and it works forever, one-time pricing is probably better. Match the monetization to the value delivery model.

    The Repeatable Sales Process: Eating the Elephant One Bite at a Time

    Let me tie this all together with the most important concept: to earn a million dollars, you need a repeatable sales process. That might sound obvious, but a lot of beginners, myself included, miss this.

    You’re not going to wake up one morning and find a million dollars in your bank account (unless you win the lottery, but that’s not a business strategy). Instead, you’re executing the same fundamental process over and over: someone discovers your product, sees the value, makes a purchase, and hopefully tells others about it.

    The beauty of breaking down that million-dollar goal is that it makes the path concrete. Okay, I need to sell my $100 product 10,000 times. What does that mean? Maybe 30 sales per day for a year. Or 200 sales per week. Suddenly it’s not this mystical goal, but a daily or weekly target you can actually track and work toward.

    Now, will all those sales happen steadily? Probably not. Some days you’ll make zero sales. Some weeks you’ll make 50. If you time things right – maybe a Black Friday promotion or a well-executed launch campaign – you might move hundreds of units in a single day.

    The research backs up this repeatable process idea. It’s the foundation of any scalable business model. Software businesses scale because the same software serves customer number 1 and customer number 10,000 identically. Course businesses scale because you create the content once and sell it infinitely. Even service businesses can scale through systems and processes that make delivery more efficient.

    Build Systems

    What you’re really building is a machine – not a literal machine, but a system of marketing, selling, delivering, and supporting that can run again and again with increasing efficiency. Early on, it’s clunky and manual. Over time, with the right tools and automation, it gets smoother.

    The solopreneurs making seven figures aren’t working 100-hour weeks manually fulfilling every order (at least not for long). They’ve automated what can be automated, outsourced what should be outsourced, and focused their personal time on the highest-leverage activities: creating great products and optimizing the system.

    And here’s something important to remember: most one-person million-dollar businesses don’t literally mean one person does everything. It means one person owns and operates the business, but they might use contractors for specific tasks, automation tools to handle repetitive work, or platforms that provide the infrastructure.

    When I say “One Person Business,” I mean you’re the sole owner and decision-maker. You’re not hiring employees, building a team, managing people. You’re building smart, using leverage, and keeping the business as lean as possible while maximizing output.

    Your Path Forward in the One Person Business Economy

    Here’s what gets me excited about all this: we’re living through an explosion in one-person businesses reaching seven figures. Remember those numbers from the previous article? The count doubled in just one year – from 57,222 in 2021 to 116,803 in 2022. That’s a fundamental shift in how people are building businesses.

    Part of it is technology, another part of it is the internet reaching maturity and providing real global distribution. And the final piece of it is people realizing they don’t need venture capital or employees to build something valuable. Tools exist now that let one person do what required a team of ten people just a decade ago.

    Black-and-white portrait of Mike Brown discussing AI leverage in solo business growth

    Some business leaders are predicting even wilder things. Entrepreneur coach Mike Brown said:

    “AI is creating unprecedented opportunities; it’s like democratized leverage. Thanks to AI and automation, we could soon see a billion-dollar one-person company.”

    Is that speculative? Absolutely. But the trajectory is clear – the ceiling for what one person can build keeps rising.

    So where does that leave you? Start with the pricing and volume combination that feels most achievable given your current skills and situation. If you can command high prices because you have deep expertise in a specialized area, maybe you go after 100 clients at $10,000 each. If you’re better at building digital products that scale, maybe you aim for 10,000 customers at $100.

    Find You Own Way

    There’s no single “right” answer. The right answer is the one you can actually execute on consistently.

    Be realistic about the learning curve. Yes, building a One Person Business is accessible to practically anyone with internet access and the ability to write or create. But “accessible” doesn’t mean “easy.” It requires self-discipline, marketing skills, and often technical abilities too. About 20% of full-time solopreneurs make between $100,000 and $300,000 – that’s great income, but still short of that million-dollar mark.

    Getting to seven figures requires something extra. Usually it’s finding exceptional leverage – whether that’s:

    • A product that scales without you (software, courses)
    • An audience that grows exponentially (content/media)
    • Premium positioning that commands 10x normal prices (elite consulting)
    • Network effects that make your offering more valuable as more people use it (communities, platforms)

    As I continue studying these strategies and working toward my own first product launch, I’m committed to sharing what I learn – what works, what doesn’t, what was harder than expected, what was easier. Because the most valuable lessons come from real implementation, not just theory.

    The math is clear and the paths are proven. Real people – not just theoretical examples, but actual solo entrepreneurs – are earning seven figures right now using exactly these strategies. The question isn’t whether it’s possible, the question is which path fits you best and whether you’re willing to put in the work to execute it consistently.

    Start with what you can deliver real value on today. Build your repeatable system. Use the internet’s scale to your advantage. And remember: you don’t need to be perfect, you just need to be persistent and smart about how you apply leverage.

    That million dollars is just math. Break it down, pick your path, and start working the numbers.

  • How To Earn My First Million Dollars: The Math Behind One Person Business

    How To Earn My First Million Dollars: The Math Behind One Person Business

    One million dollars. It’s a number that sounds almost fictional when you’re starting out as a solo entrepreneur. But it’s actually just math.

    If we’re talking from a business perspective, the key understanding is simple – you need to sell products worth one million dollars in total. That’s it. The interesting part is figuring out how to break down that number into something achievable for a One Person Business.

    You could sell one product for $1,000,000. Or you could sell a $10 product 100,000 times. Maybe a $100 product 10,000 times. Perhaps a $1,000 product 1,000 times. The mathematical possibilities are actually quite straightforward when you lay them out like this.

    But there’s a catch that most solopreneurs miss: only about 3.6% of one-person businesses ever reach $1 million in annual revenue, according to recent U.S. Census data. That’s roughly 1 in 28 solo entrepreneurs who make it to seven figures. The average is just $47,800 per year.

    So what separates that elite 3.6% from everyone else? It’s understanding which pricing strategy fits your current situation and expertise level – and then building a repeatable system around it.

    The internet has made reaching thousands of customers theoretically possible for anyone with a laptop. Yet most people get stuck because they never figure out the pricing-volume equation that works for their specific business. Should you go after a few high-paying clients or chase thousands of small transactions?

    I’m currently mapping out my own path to that first million, and I want to share what I’m learning along the way. Because here’s the thing – real people are doing this, and the numbers are actually growing fast. In 2022, there were 116,803 one-person businesses in the U.S. earning over $1 million. That’s more than double the 57,222 from just the year before.

    So how do you join that group? Let’s break down the actual math and strategies that work.

    Five Ways to Reach the Number

    The beautiful thing about earning a million dollars is that there isn’t just one path. You can approach it from completely different angles depending on your strengths and what you’re building.

    The five basic combinations:

    • Sell 1 product at $1,000,000. This is the rarest path, but it exists. Think about selling a piece of software to an enterprise client, or landing one massive consulting contract. Marketing expert Roy Furr puts it perfectly: “If you can come up with a product worth $1 million, you only need to find ONE customer.”
    • Sell 10 products at $100,000 each. This is more realistic for certain types of businesses – maybe you’re doing high-end consulting or creating bespoke solutions for companies.
    • Sell 100 products at $10,000. This could be an intensive coaching program, a specialized course, or a premium service package.
    • Sell 1,000 products at $1,000. This is where many successful one-person businesses land – high enough price to make meaningful revenue per sale, low enough to be accessible to a decent-sized market.
    • Sell 10,000 products at $100. This is what I personally find most interesting for a One Person Business, and I’ll explain why shortly.
    • Sell 100,000 products at $10. This requires either going viral or having exceptional distribution, but the internet makes it technically possible.
    Supersonic jet project symbolizing bold high-value deals in one-person business strategy

    A real example of the first approach is Boom Supersonic, the company building supersonic jets. When they were just starting out – no actual planes, just prototypes – they needed to prove market demand to get investor funding. They secured a contract worth hundreds of millions from Richard Branson’s Virgin Group for future airplanes that didn’t even exist yet. That’s basically selling the product before you have it.

    Now obviously, most of us aren’t building supersonic jets. But the principle holds: you need to match the scale to what fits your current situation and capabilities.

    Why Most Solopreneurs Should Start Low and Climb Higher

    It seems logical and evolutionary to start with selling low-ticket products, especially when you don’t have experience creating quality high-priced offerings yet. When you’re still building your expertise and don’t have a proven track record, asking someone to pay $5,000 feels nearly impossible.

    But – and this is important – this isn’t some law or dogma you have to follow. If you can deliver massive value right away, you could try selling a high-priced product immediately. The key word here is “if.”

    Here’s the risk: let’s say one person buys your $1,000 product, doesn’t get corresponding value, requests a refund, or leaves a negative review. Your future sales are probably dead. According to a 2025 report on consumer behavior, 94% of people say they’ve avoided a brand because of negative reviews, and a single one-star review can cut purchase likelihood by over 50%.

    That said, even this scenario has value – it gives you feedback on what needs improvement. Maybe the product doesn’t match its price point. Maybe it lacks sufficient value. Whatever the issue, that first disappointed customer teaches you something crucial.

    Laddered Approach

    But there’s a smarter way to learn these lessons without betting everything on a high-ticket offer right out of the gate. Business consultant Ken Yarmosh suggests a “hybrid or laddered approach: a low-ticket ‘entry’ offer can feed into a high-ticket ‘premium’ offer.” You’re essentially building trust at a low cost, then giving your customers the option to go deeper with you.

    Think of a $10 or $50 product as an entry ticket for both you and your potential clients to get acquainted with the quality of what you deliver. If you pack that inexpensive product with value worth way more than its price tag, you create several opportunities:

    • People can leave good reviews without much financial risk
    • They’ll share it with others because it over-delivered
    • You can test your positioning and messaging
    • You gain confidence in what you’re building

    Let’s say you sell 100 units of your $10 product and notice the conversion rate is extremely high. That tells you the value exceeds the price. You’ve found product-market fit. At that point, you can raise the price to better match the value you’re delivering, which will naturally lower conversion somewhat but likely increase your overall revenue.

    Designjoy homepage showing productized design subscription model used in one-person business strategies

    A perfect example of the high-ticket subscription approach working at scale: Brett Williams runs DesignJoy, a one-person graphic design service. He charges clients $5,995 per month for unlimited design work. With just 20-30 happy clients at any given time, he’s built a $1.2 million per year business. All by himself, with no employees.

    The evolutionary method I’m planning to follow: start with a smaller product, gather feedback, improve it, potentially raise the price, then create a more comprehensive version or complementary products. This builds both your product line and your reputation simultaneously.

    The Math That Makes 10,000 Sales Achievable

    Now let’s talk about what I consider the most realistic path for most people building a One Person Business: the $100 product sold 10,000 times.

    When you first hear “10,000 customers,” it sounds massive, right? But here’s the perspective shift that changed how I think about this: the internet has over 5.6 billion users. Pick literally any niche, and there are almost certainly more than 10,000 people online who are interested in it and could benefit from a good product in that space.

    If you deliver something valuable – let’s say a course that helps someone earn an extra $1,000, and you charge only $100 for it – that’s a reasonable transaction. Why wouldn’t someone invest $100 to gain $1,000 in value or earning potential?

    Entrepreneur working from home on a laptop symbolizing freedom of the one-person business model

    Entrepreneur Pieter Levels (@levelsio), who built several one-person million-dollar businesses, was “shocked” at how feasible the math can be:

    “With a $100 product, you only need 10,000 people for $1 million… you don’t need a lot of customers, just a small niche.”

    But You Need To Execute

    But I need to be realistic here too. While the math sounds simple, executing on it is another story. Yes, there are 5.6 billion people online. But the average one-person business makes only $47,800 per year, remember? Getting those 10,000 people to actually find you, trust you, and buy from you – that’s the real work.

    Carrd website builder interface representing automated digital income model

    However, it’s definitely possible. Take Carrd, a simple one-page website builder created by one person (AJ). It grew to over 800,000 users and generates $1.5 million per year. AJ runs everything himself – the development, the customer support, everything. He charges about $19 per year for the premium version, which means he needed roughly 80,000 paying customers to hit that revenue. And he got there by building something genuinely useful and letting it grow through word-of-mouth and organic search.

    The key insight: you’re not actually competing for attention against 5.6 billion people. You’re finding your specific audience – people with a specific problem you can solve better than anyone else. Once you identify that audience and prove you can help them, reaching 10,000 over time becomes less about luck and more about consistent execution.

    In internet-scale terms, 10,000 is actually a tiny fraction. You don’t need to go viral or be famous, but you need to be really, really good at solving one problem for one type of person.

    The Evolutionary Product Ladder Strategy

    Okay, so you understand the math. You’ve picked a price point that feels achievable. Now what? How do you actually build toward that million-dollar goal in a way that doesn’t burn you out or set you up for failure?

    This is where the evolutionary approach comes in, and it’s the strategy that makes the most sense to me personally.

    Start with something small – and I mean truly small. Maybe it’s a $10 product. Maybe it’s $50. The exact price matters less than the principle: you’re creating an entry ticket for both you and the client to get acquainted with the quality of what you offer.

    Here’s what’s powerful about starting low: if your $10 product delivers $100 worth of value, people notice. They tell others. They come back for more. You’ve essentially created a leadgen that builds trust and reputation.

    This connects to author Kevin Kelly’s famous “1,000 True Fans” theory – the idea that a creator only needs 1,000 people who will buy anything they produce. If each of those fans spends $100 per year, you’ve got $100,000 in annual revenue. Not quite a million, but a solid foundation to build from.

    Online course page showing productized service approach to scaling one-person business

    Taking my own product as an example: I believe it’s worth way more than the $150 I sell it for, because it’s a complete content creation system that can lay the foundation for building a successful media company worth millions. Or a small one-person business, but still with hundreds of thousands of dollars in profit. In both cases, you need a ton of content, which the system helps you create. So check it out and tell me if it’s worth the price or not: ANTIghostwriter.

    To Increase or Not To Increase

    Let’s say you sell that initial low-priced product and notice something interesting: the conversion rate is way higher than expected. People are buying it faster than you thought they would. That’s a signal. It means the value you’re delivering exceeds the price in the market’s eyes.

    At that point, you have options. You can raise the price to balance supply and demand. This will lower your conversion rate somewhat, but you’ll make more per sale, and you might actually increase total revenue while selling fewer units. That’s good for a one-person operation because it means less customer support, less fulfillment hassle, and more time to focus on improving the product.

    Next, you evolve the product itself. Maybe you create version 2.0 with more features, more depth, more value – and you price it accordingly. Or you create a complementary product that serves the same audience but solves an adjacent problem.

    I’m building my business as a broad, multidomain brand – covering different areas of knowledge rather than niching down super tight. I actually have a separate article about why I think niching is bad advice for personal brands, so I won’t dive deep into that here. But the point is: your products can span different topics as long as they’re authentic to who you are and what you know.

    To Niche Down or Not

    Black and white portrait of Seth Godin, marketing thinker emphasizing trust and storytelling

    Now, I need to acknowledge something. A lot of respected business thinkers would disagree with my anti-niche stance. Seth Godin, for instance, famously advises:

    “So much easier to aim for the smallest possible audience, not the largest, to build long-term value among a trusted, delighted tribe.”

    He’s not wrong – focusing on a tight niche does make marketing easier, especially at first.

    I’m not going to pretend there’s one right answer here. What I believe is this: for a One Person Business built around a personal brand, being multidomain feels more authentic and sustainable long-term. But if you find success by going ultra-niche, that’s valid too. The research I made with ChatGPT supports both approaches working for different people.

    The evolutionary ladder might look like this for you:

    1. Launch $10-50 product, get initial sales and feedback
    2. Improve based on feedback, possibly raise price
    3. Create premium version or complementary product at $100-500
    4. Develop high-ticket offering at $1,000+ for your most engaged customers

    Each step builds on the previous one. You’re not trying to create everything at once, but learning what your market actually wants, building credibility, and climbing the value ladder yourself as you get better at what you do.

    To Be Continued

    In the following article, we will dive into monetization models that may help you understand what to do in your own personal brand business.

    In the meantime, I want you to contemplate this simple notion of $1,000,000 as something feasible and achievable. Because for me as well, while I’m typing this, the number still looks like a fantasy. Honestly, I wrote this article mostly to convince myself that earning a million bucks is more than possible. So, if you feel the same way, you’re not alone.

    But finding many case studies and real examples from those who achieved it and even more is quite inspiring. I hope this inspiration radiates from this article and gives you that extra push we all need sometimes.

    Let’s get our first mil! And see you in the next article.

  • The 5 Human Needs That Make Your Personal Brand Impossible to Ignore [Part 2]: Relationships And Happiness

    The 5 Human Needs That Make Your Personal Brand Impossible to Ignore [Part 2]: Relationships And Happiness

    The Pillars Nobody Teaches (Because They’re Harder to Fake)

    In Part 1 of this series, we covered Health and Wealth – the two foundational pillars of human needs that directly address survival. These are the obvious ones. If you’re a fitness creator, you instinctively know you’re selling health. If you’re a finance creator, you understand you’re addressing wealth anxiety.

    But here’s the problem with stopping at those two pillars: so does everyone else in your niche.

    Health and Wealth content is everywhere. It’s saturated. And while these pillars are powerful, they’re also the easiest to commoditize. There are ten thousand fitness influencers posting workout videos. There are endless personal finance accounts sharing budgeting tips. The content might be good, but it rarely builds the kind of deep, unshakeable loyalty that transforms casual followers into devoted advocates.

    That’s where the next three pillars come in: Relationships, Happiness, and Spirituality.

    These are the pillars most creators ignore – not because they’re less important, but because they’re harder to execute. You can’t fake genuine community building, manufacture authentic happiness through AI “photos”, or pretend to care about meaning and purpose without your audience seeing right through it.

    But when you do address these pillars authentically, that’s when your personal brand transcends content creation and becomes something your audience genuinely needs in their lives.

    So let’s dive into the three pillars that actually differentiate your personal brand from everyone else shouting about abs and dividends.

    Relationships: The Pillar That Makes Us Human

    Why Belonging Beats Everything

    Here’s a fact that should reshape how you think about content: relationships might be the most powerful human motivator of all.

    Psychologists Roy Baumeister and Mark Leary conducted landmark research demonstrating that the

    “need to belong through strong, stable interpersonal relationships is a powerful, fundamental, and extremely pervasive motivation.”

    Not just important or nice to have. Fundamental. As in, we’re literally wired for this at a biological level.

    Why? Because for most of human history, being part of a group meant survival. Being cast out meant death. We evolved to crave acceptance and fear rejection because our ancestors who didn’t have that wiring didn’t survive long enough to pass on their genes.

    Remember that massive Pew Research study I mentioned in Part 1? The one that surveyed people across 17 advanced economies about what gives their life meaning? Family – which is fundamentally about relationships – was the number one source of meaning in 14 out of 17 countries. Not money, career success, nor health, but relationships.

    And then there’s the Harvard Study of Adult Development, which followed the same group of people for 80 years to understand what makes life fulfilling. Their conclusion was this:

    “Close relationships, more than money or fame, are what keep people happy throughout their lives. They are better predictors of long and happy lives than social class, IQ, or even genes.”

    Black and white portrait symbolizing insights into relationships and happiness for authentic branding

    The study director, Robert Waldinger, put it even more bluntly:

    “Loneliness kills. It’s as powerful as smoking or alcoholism.”

    Think about that. The absence of relationships is as deadly as substance abuse. That’s how fundamental this pillar is.

    The School Kid Truth

    I had a realization about this pillar a while back that completely changed my perspective.

    Think about kids in school. At that age, most aren’t thinking about their health – their bodies work fine, they have energy, they’re not dealing with chronic pain. They’re not thinking about wealth – they don’t pay bills, they don’t worry about retirement, money is an abstract concept their parents deal with.

    But what are they thinking about constantly?

    • Whether they fit in.
    • Whether they’re accepted by their peers.
    • Whether they’ll have friends at lunch.
    • Whether they’re cool enough, funny enough, athletic enough, smart enough to belong to the group they want to be part of.

    The fear of being an outcast, of being rejected, of being alone – that’s the dominant anxiety of childhood. And here’s the thing: that anxiety never really goes away. It just evolves.

    As adults, we’re still terrified of social rejection. We’ve just gotten better at hiding it.

    • We still want to be accepted by our colleagues.
    • We still want to be valued in our communities.
    • We still want romantic partners who choose us.
    • We still want friends who genuinely care about us.

    The playground just turned into workspace, LinkedIn, dating apps, and social media.

    This need never stops. It’s always there, quietly driving huge amounts of our behavior.

    How to Leverage Relationships in Content

    The direct approach to the Relationships pillar is obvious: create content explicitly about relationships. Dating coaches, marriage counselors, parenting experts, networking gurus – they’re all selling solutions to relationship challenges.

    But the indirect approach is where things get really interesting, and it’s what most personal brand builders miss entirely.

    You may not directly create content about relationships, but instead, you can create actual relationships through your content.

    Look at Facebook. Love it or hate it, the platform has nearly 3 billion monthly active users. Why? Because the entire business model is built on the Relationships pillar. The platform facilitates connection between people – friends, family, interest groups, communities. People don’t go to Facebook for the features. They go because their people are there.

    Smart personal brand builders understand this principle. They create spaces where their audience can connect with each other. Here are some options:

    • Private membership groups
    • Discord servers
    • Live Q&A sessions where people interact in real-time
    • Forum discussions
    • Meetups

    When you build community around your content, something magical happens: people start coming back not just for what you post, but for the other people in the community. They form friendships, help each other, create inside jokes and shared experiences.

    That’s when followers become a tribe, when casual consumers become devoted advocates.

    Screenshot of a relationship marketing campaign representing emotional connection in audience trust

    Consider eHarmony as a case study. They built an entire brand on the promise of lasting love, using content like research-based compatibility insights and relationship advice to engage users’ hopes of finding companionship. The content was the beginning of addressing people’s deepest relationship needs.

    Or think about insurance commercials that show parents and children together. Tech ads highlighting how gadgets connect people. They’re deliberately triggering the Relationships pillar because it creates emotional resonance.

    The Content Strategy

    Here’s a practical example of how this works. Let’s go back to our hypothetical fitness influencer from Part 1 – someone who’s been posting workout videos and nutrition tips for months.

    That content addresses the Health pillar. It’s valuable. But it’s also what a thousand other fitness creators are doing.

    Now imagine this same creator starts talking about body confidence. Not just “get six-pack abs,” but “how improving your fitness helps you feel more confident in social situations.” Or “how your relationship with your body affects your romantic relationships.” Or even creating content about the gym as a social space – how to approach people, gym etiquette, finding workout partners.

    Suddenly, this creator is addressing both Health and Relationships. They’re helping people with their bodies and their social lives. That’s a much more compelling value proposition, and it attracts a wider, more engaged audience.

    The key is authenticity. As one marketing analysis noted, audiences are incredibly quick to sense contrived sentiment. If you’re just slapping stock photos of smiling families onto your content, people will see through it immediately. But if you genuinely care about fostering community and helping people connect, that comes through, and people respond to it.

    Happiness: The Universal Goal Nobody Knows How to Sell

    The Philosophy Everyone Agrees On

    Black-and-white bust of Aristotle, Greek philosopher, associated with the idea that happiness depends on ourselves

    Over 2,300 years ago, Aristotle wrote:

    “Happiness is the meaning and the purpose of life, the whole aim and end of human existence.”

    Black and white portrait symbolizing philosophical understanding of human nature in content creation

    A couple thousand years later, the philosopher Blaise Pascal echoed the same sentiment:

    “All men seek happiness. This is without exception. This is the motive of every action of every man, even of those who hang themselves.”

    That’s a dark way to make the point, but Pascal’s right. Whether consciously or unconsciously, whether directly or indirectly, virtually everything we do is aimed at either increasing happiness or avoiding suffering. We eat food we enjoy, we seek comfortable shelter, we pursue careers that (hopefully) provide satisfaction. we build relationships that bring joy, we avoid pain and pursue pleasure.

    Happiness is the universal human goal. It’s what we’re all chasing in one form or another.

    Modern psychology backs this up. Survey after survey shows that when people are asked about their priorities and values, happiness or life satisfaction consistently ranks at the top. The entire field of positive psychology exists specifically to study well-being. There’s even a World Happiness Report that treats national happiness as a key measure of progress.

    But here’s where it gets complicated for content strategy: happiness isn’t really a “pillar” in the same way Health and Wealth are. You can take direct action to improve your health. You can take specific steps to increase your wealth. But happiness is more like an outcome – a state that emerges when other needs are met and other conditions are right.

    So when I talk about Happiness as a pillar, I’m really talking about content that addresses personal fulfillment, positive emotion, mental well-being, joy, fun, and self-improvement. It’s the “quality of life” pillar.

    Why Happiness Content Is Everywhere

    The self-help industry is worth billions of dollars. What are they selling? Ultimately, they’re all selling happiness in various forms.

    Gretchen Rubin built an entire platform around “The Happiness Project.” Lifestyle influencers promote gratitude journals, mindfulness practices, and “living your best life.” Travel vloggers showcase joyful experiences in beautiful locations. Motivational speakers sell inspiration and hope.

    Even brands that aren’t explicitly about happiness use this pillar constantly. Remember Coca-Cola’s “Open Happiness” campaign? They were associating their product with simple joy and positive moments.

    This campaign launched in 2009, right in the middle of the global recession. The economy was collapsing, people were losing jobs and homes, anxiety was everywhere. And Coca-Cola’s response was to offer an “emotional refuge” – a moment of happiness in a difficult time. The ads showed people sharing Cokes, strangers smiling, friends laughing. The message was clear: in the midst of all this darkness, here’s a small, simple pleasure you can still enjoy.

    The campaign became a beacon of positivity amidst prevailing gloom, and it worked precisely because it tapped into the Happiness pillar when people needed it most.

    This is what makes happiness-focused content so shareable. According to research by Jonah Berger on what makes content go viral, positive emotional content – things that inspire awe, amusement, or inspiration – tends to get shared more than negative content. People want to spread joy. They want to make others feel good. Content that delivers positive emotion has built-in virality potential.

    The Happiness Paradox (And How to Avoid It)

    But there’s a trap here, and it’s important to understand it if you’re going to use the Happiness pillar effectively.

    Research has found that people who extremely value happiness – who put tremendous pressure on themselves to be happy all the time – actually end up more prone to disappointment and even depression. It’s called the “happiness paradox.” The harder you chase happiness as a direct goal, the more elusive it becomes.

    Think about it: if you walk around constantly asking yourself “Am I happy? Am I happy enough? Why am I not happier?” – that’s a recipe for misery. Happiness seems to work better as a byproduct of living well rather than as a target you can aim at directly.

    So what does this mean for content strategy?

    It means you need to be realistic and nuanced. Promising eternal bliss is not only untrue, but potentially harmful. The “good vibes only” crowd that pretends life should be positive all the time is doing their audience a disservice. Real life includes setbacks, failures, sadness, and struggle. That’s not a bug, it’s a feature.

    Happiness is a Journey

    The better approach is to frame happiness as a journey rather than a destination. Focus on finding meaning, building resilience, appreciating small daily joys, and accepting that life has ups and downs. This is why many thought leaders now blend happiness content with mindfulness, purpose, and growth rather than selling some fantasy of permanent euphoria.

    When I wrote about the digital nomad lifestyle, my core message wasn’t “move abroad and you’ll be happy forever.” It was about freedom – the freedom to design your life in a way that aligns with your values and brings you joy. That’s a much more honest and sustainable message than “this one trick will solve all your problems.”

    The word “freedom” itself is deeply tied to the Happiness pillar. I chose it deliberately because I know it resonates with many people on an emotional level. It resonated with me, and I trusted that others who value freedom the way I do would find that message compelling.

    Making Happiness Tangible in Your Content

    So how do you actually incorporate the Happiness pillar without falling into the toxic positivity trap?

    One way is simply through tone and energy. Even if your content is about technical topics – say you’re teaching people how to code, or explaining complex financial concepts – you can infuse your delivery with warmth, encouragement, and optimism. You can make learning feel joyful rather than intimidating.

    Black-and-white portrait of Maya Angelou, whose definition of success ties directly to the principles of the ikigai blueprint

    There’s a famous Maya Angelou quote that applies here:

    “People will forget what you said, people will forget what you did, but people will never forget how you made them feel.”

    If your content consistently makes people feel good – whether that’s inspired, hopeful, amused, understood, or validated – they’ll keep coming back. Not necessarily because your information is objectively better than your competitors’, but because the emotional experience of consuming your content is more positive.

    This is differentiation in its purest form. When ten creators are all teaching the same thing, the one who makes learning feel joyful wins.

    The Final Pillar

    The next pillar I left behind is spirituality. Usually, you don’t find it among the four we already observed here -A that’s my personal addition. But I think of it as the final missing piece of a puzzle. I don’t think happiness as a topic covers spirituality enough, so we’ll discuss it further in the next article, aka the next part of the series.

    So stay tuned, and for now, try to implement these four into your content: health, wealth, relationships, and happiness.

    But don’t just constrain yourself within the content. Look at your life through these four lenses: are they fulfilled enough for your standards? Let’s get to work.

  • From Scattered Thoughts to System Design: How To Use Mind Mapping For Better Business Decisions

    From Scattered Thoughts to System Design: How To Use Mind Mapping For Better Business Decisions

    Information comes at us from everywhere. Market reports, client emails, team feedback, competitor analysis, industry news – it all piles up in a chaotic mess. We consume data through our senses constantly, and our brains work overtime trying to make sense of it all, connecting dots, finding patterns, and deciding what action to take next.

    But here’s the problem: when information stays fragmented and disorganized, our brains struggle. It’s like trying to swallow food without chewing it first. Sure, eventually your digestive system will break it down, but it’s slow, uncomfortable, and inefficient. The same thing happens with information. Your subconscious will eventually process scattered data and make connections, but why wait when you can speed up the process by simply chewing it?

    Think about the last time you faced a complex business decision. Maybe you were planning a new product launch, redesigning a workflow, or trying to understand a client’s scattered requirements. You probably had dozens of inputs – some contradictory, some incomplete, some just vague hunches. How did you organize it all? Did you make a list? Write paragraphs in a document? Or did you just keep it all swimming around in your head, hoping clarity would emerge?

    There’s a better way. For years, I’ve used a specific modeling technique that transforms chaos into clarity, especially when dealing with uncertainty and ill-defined systems. It’s called mind mapping, and it’s particularly powerful for business decision-making because it works with how your brain actually processes information, not against it.

    Let me show you exactly how this works and why it might be the missing piece in your decision-making toolkit.

    Why Lists and Linear Notes Fail Complex Thinking

    Before we dive into mind mapping, we need to understand why traditional approaches fall short. When you’re dealing with complex information, you’re essentially receiving data in a scattered, non-linear format. A client tells you about their problem, but they jump between topics. Market research gives you data points that don’t obviously connect. Your team raises concerns that seem unrelated to each other.

    Black and white portrait of a thought leader symbolizing systems thinking in business decision-making

    Your brain naturally wants to find relationships between these fragments. According to Peter Senge from MIT Sloan School of Management,

    “Business and human endeavors are systems. We tend to focus on snapshots of isolated parts of the system, and wonder why our deepest problems never get solved.”

    This is exactly what happens when we use linear note-taking or simple lists – we capture individual pieces but lose the connections between them.

    Research backs this up. Our minds work in a non-linear, associative fashion. Studies show that when we force information into linear formats like bullet-point lists or paragraph-based notes, we’re working against our brain’s natural processing style. One controlled study found that students who used mind maps to study a 600-word passage retained approximately 10% more facts in follow-up tests compared to those using traditional note-taking methods. More importantly, the mind mapping group showed better understanding, evidenced by higher-quality explanations and stronger ability to draw connections from the material.

    The difference becomes even more dramatic in business contexts. According to surveys of managers and knowledge workers, mind mapping software raises individual productivity by an average of 23%. Over half of users in Chuck Frey’s Mind Mapping Software Survey reported 20-30% increases in productivity, attributing it to clearer thinking and faster information retrieval. That’s the difference between spending three hours on a planning session versus two hours, or making a strategic decision in days instead of weeks.

    But the real power is about seeing the whole system at once.

    The Structure That Reveals Hidden Connections

    So what exactly is a mind map, and why does it work so well for business decisions?

    At its core, a mind map is a tree-like structure. You start with a central idea in the middle – let’s say “New Product Launch” or your client’s business name. From that center, branches radiate outward representing major categories or themes. From each of those branches, smaller branches extend representing sub-elements. It looks organic, like the branching of an actual tree, with a root, trunk, main branches, smaller branches, and finally leaves at the endpoints.

    This structure does something powerful: it displays hierarchy and relationships simultaneously. When you look at a mind map, you immediately see which elements are high-level and which are details. You see which items cluster together under the same parent concept. You see what’s connected and what’s isolated.

    Here’s what makes this different from other modeling approaches I’ve used. In traditional business process modeling – something like IDEF0 diagrams – you have to choose a specific level of abstraction before you start. These models are essentially flat, static photographs of a process at one moment in time, viewed from one perspective. If you want to see the system at a different level of detail, you need to create an entirely different diagram.

    Mind maps don’t have this limitation. Because of their hierarchical nature, you can capture multiple levels of abstraction on a single diagram. The top branches might represent departments or major functional areas, while branches several levels deep might show specific tasks or requirements. This means you can zoom in and zoom out conceptually without switching documents or losing context.

    Elements Interact With Each Other Within Systems

    Russell Ackoff portrait, systems thinking pioneer referenced in IDEF0 process mapping article

    Russell Ackoff, a pioneer in operations research, put it perfectly:

    “A system is never the sum of its parts; it’s the product of their interaction.”

    Mind maps force you to think about these interactions because every element visibly connects to others. You can’t just list items in isolation – you have to decide where each piece fits in the broader structure.

    When Cigna, the global insurance company, needed to communicate their strategy across the organization, they created strategy maps – essentially mind maps showing how different objectives connected in cause-and-effect relationships. Financial goals connected to customer outcomes, which connected to internal process improvements, which connected to employee training initiatives. By visualizing the strategy system on one page, Cigna’s leadership ensured all departments understood how their activities aligned with the big picture. The result was dramatically improved strategic execution and buy-in across thousands of employees.

    When Mind Maps Become Essential

    Mind mapping isn’t always necessary. If you’re working with well-defined, simple problems where the answer is clear, you don’t need it. But there’s a specific type of situation where mind maps become almost essential: when you’re dealing with uncertainty and ill-defined systems.

    Let me give you a concrete example from my own work. When I interview clients before starting a software development project, I often face a common challenge: the client doesn’t have a clear technical specification. They know they need a system, they can describe their business problems, but they haven’t fully thought through what the solution should look like or how all the pieces fit together.

    This is exactly where mind mapping shines. I start the interview with a blank mind map, placing the client’s business name or project goal in the center. Then, as they talk, I immediately begin adding nodes to the first level – anything and everything they mention. Features they want. Problems they’re solving. Users who will interact with the system. Data they need to track. Workflows they want to automate. Integrations with other tools.

    At first, these nodes are completely unorganized. They’re just scattered elements radiating from the center in whatever order they came up during conversation. I might have dozens of them by the time we’re 20 minutes into the discussion, and they don’t necessarily make sense together yet. This is what I call the “basket of mushrooms” approach – first, you gather everything without worrying about organization.

    But here’s where the magic happens. As we continue talking and I keep adding elements, I start to notice patterns. Oh, these three features are all related to the same user workflow. These five items are all about reporting functionality. These four nodes are actually describing the same concept from different angles.

    Speak One Language With The Client

    IDEO, the famous design and innovation firm, explains why this works:

    “Mindmaps can be a powerful way to come up with ideas or to gain clarity about a topic of exploration. We use them because they’re extremely versatile.”

    The versatility comes from the fact that you can start messy and refine as you go. Most business tools force you to be organized from the beginning, but mind mapping lets you embrace the chaos initially and find structure through the process.

    So during the interview, I start moving nodes around. I drag related items together and place them under common parent categories. I create new parent nodes when I realize several items share a theme. I spot gaps – when one branch feels sparse compared to others, or when something doesn’t quite connect to anything else, suggesting we’re missing information. The client can see all of this happening in real-time.

    By the end of a single interview session, we usually have a fairly complete map of the system. It shows all major functional areas, how they relate to each other, where the priorities are (indicated by the depth and density of branches), and what questions still need answers (shown by isolated nodes or sparse sections). Most importantly, both the client and I are looking at the exact same picture. There’s no ambiguity about whether we understand each other. The visual map becomes our shared language.

    Find The Common Ground

    Research from organizational development supports this approach. When Co-operators, a Canadian insurance company, needed to redesign their claims process to be more sustainable, they used systems mapping to bring together diverse stakeholders – internal teams, contractors, suppliers, customers. By creating a visual map of the entire claims ecosystem, they identified leverage points that weren’t obvious before. The result: cost savings from materials reuse, faster restoration times, and higher customer satisfaction, all without major new investments. The systems map helped internal teams and partners see the mutual benefits of the change, making implementation far smoother than typical restructuring projects.

    Visual models serve as what researchers call “shared reference points.” When complex ideas are rendered in a diagram that all participants can see and critique, rather than each person holding a different mental model, alignment happens naturally. As one Harvard Business Review article notes, systems thinkers engage stakeholders by iteratively reframing the problem in a visual way, helping people who experience a system’s dysfunctions differently to find common ground.

    The Practical Process: How to Actually Do This

    Let me walk you through the specific technique I use, because the theory only matters if you can apply it.

    Step 1: Start with the core

    Put your central topic in the middle of your canvas. This could be a project name, a business problem, a client’s company, or a strategic decision you’re making. Keep it simple – just a few words. This becomes your root.

    Step 2: Brain dump everything to the first level

    Don’t organize yet. Just capture. As information comes in – from a conversation, from your own thinking, from documents you’re reviewing – add nodes directly connected to the center. You might end up with 20, 30, 50 first-level nodes. That’s fine. They’re not in any particular order yet. You’re just getting everything visible.

    Step 3: Start noticing relationships

    Once you have a substantial collection of elements, patterns will begin to emerge. You’ll notice that certain items feel related. Maybe they’re all about the same functional area. Maybe they represent different aspects of the same user need. Maybe they’re sequential steps in a process.

    Step 4: Create hierarchy

    This is where mind mapping tools really shine. Take those related nodes and drag them under new parent nodes that describe what unites them. For example, if you have nodes for “email notifications,” “SMS alerts,” and “in-app messages,” you might create a parent node called “Communication Channels” and nest those three items beneath it. Suddenly, those scattered elements have structure.

    Step 5: Keep expanding and refining

    As you continue working, you’ll add detail to specific branches. You might break “email notifications” down further into “welcome emails,” “reminder emails,” and “summary reports.” You’ll also discover gaps. If one major area of your map has deep, detailed branches but another area is suspiciously sparse, that’s a signal you need more information there.

    Step 6: Use the map for decision-making

    Once your map is reasonably complete, you can use it in multiple ways. You can identify priorities by looking at which branches are most developed or most critical. You can spot dependencies by seeing which elements need to be completed before others. You can find simplification opportunities by noticing overcomplicated areas. You can even identify what you don’t know yet – the gaps that need research or discussion.

    The beauty of this process is that it works for many different business scenarios beyond client interviews.

    • Need to plan a project? Start with the project goal in the center and map out all workstreams, dependencies, resources, and risks.
    • Trying to understand a competitor? Put their company name in the center and branch out into their products, market positioning, strengths, weaknesses, and strategic moves.
    • Designing an organizational structure? Map departments, roles, reporting relationships, and information flows.

    One government agency used exactly this approach during a reorganization. They created what they called a “rich picture – essentially a detailed systems map – showing the current state of their directorate’s structure, information flows, pain points, and stakeholder relationships. This visual map revealed silos and redundant processes that weren’t obvious from traditional org charts. By involving managers in building the map, the agency fostered shared understanding of a complex system. The UK Government reports that such systems maps “brought together diverse stakeholders” and enabled them to agree on changes collectively, which was critical in making the reorganization successful.

    Beyond the Basics: Multiple Maps and Perspectives

    Here’s something I’ve learned from extensive use: you often need more than one mind map for complex situations.

    During that client interview I mentioned earlier, I might actually create two separate maps simultaneously. One map shows the functional structure – what the system does, how features connect, what workflows look like. The other map shows the organizational structure – which departments are involved, where each employee fits, how teams collaborate, what approvals are needed.

    These maps serve different purposes but inform each other. The functional map helps with technical design and development priorities. The organizational map helps with change management, training plans, and stakeholder communication. Looking at both together often reveals insights that neither shows alone – like when you realize that a particular feature requires coordination between two departments that don’t usually work together, signaling a potential implementation challenge.

    This mirrors how major companies use visual thinking tools. Atlassian, makers of project management software (Jira, Confluence, etc.), confirm that mind maps are “extremely versatile” in strategic ideation, helping teams dissect problems and find innovative solutions collaboratively. They report that cross-functional workshops using mind maps generate and organize hundreds of ideas, then cluster them into themes – performance, user experience, analytics – for systematic evaluation.

    Dan Roam, a visual thinking expert and author, puts it simply:

    “Drawing isn’t an artistic process; drawing is a thinking process. If you want to think more clearly about an idea, draw it.”

    This applies whether you’re drawing with pen and paper or using digital mind mapping tools. The act of externalizing your thoughts into a visual structure forces clarity that purely mental or purely textual thinking doesn’t achieve.

    The Cognitive Science Behind Why This Works

    You might be wondering why mind mapping has these effects. The research is actually quite clear.

    Our brains are fundamentally associative and visual. We remember images better than words. We understand spatial relationships intuitively. We recognize patterns through visual processing faster than through logical analysis. Mind mapping leverages all of these natural cognitive strengths.

    Studies in educational settings consistently show these benefits. One experiment with medical students found that those using mind maps generated more original diagnostic ideas for clinical cases than peers who didn’t, showing statistically significant improvements in creative problem-solving ability. Another study demonstrated that participants who created mind maps of a text passage had significantly better recall 30 minutes later compared to those who didn’t, indicating faster absorption and better retention of information.

    The numbers add up in business contexts too. According to Project Management Institute research, mind mapping can increase learning and retention by up to 95% compared to linear note-taking in optimal conditions. While that figure likely represents best-case scenarios, even more modest improvements of 15-20% make substantial differences when you’re dealing with complex decisions involving thousands or millions of dollars.

    Black and white portrait of a creative strategist symbolizing the use of mind mapping for innovation

    Tom Wujec, a technology executive and visualization expert, explains it this way:

    “When you doodle an image that captures the essence of an idea, you not only remember it, but you also help other people understand and act on it.”

    The dual benefit – better personal cognition and better group communication – is exactly what makes mind mapping so powerful for business decision-making.

    There’s also the simple fact that mind mapping offloads cognitive work. W. Edwards Deming, the quality management pioneer, famously observed that 94% of quality issues in workplaces stem from the system – processes and structure – while only 6% come from individuals. Mind mapping helps you see and improve those systems rather than just reacting to surface-level symptoms. Organizations that adopted systems thinking approaches, like Toyota under Deming’s influence, dramatically improved quality and decision-making by focusing on system-wide improvements visible through process mapping.

    From Chaos to Clarity in Real Time

    The fundamental problem we started with hasn’t changed: information comes at us in fragments, from multiple sources, often contradictory or incomplete. Our natural tendency is to either get overwhelmed by the chaos or to oversimplify by ignoring complexity.

    Mind mapping offers a middle path. It acknowledges the messiness of real-world information while providing a method to organize it systematically. It speeds up the “digestion” process – to return to that food metaphor – by helping you break down, structure, and integrate scattered data before your subconscious even gets involved.

    The evidence supports this approach across multiple dimensions.

    • Mind maps improve memory retention by 10-15% on average.
    • They boost productivity by roughly 20-30% for most users.
    • They enhance creative problem-solving, as demonstrated in multiple research studies.
    • They improve stakeholder alignment and shared understanding, as shown in cases from insurance companies to government agencies to tech startups.
    • Most importantly, they lead to better decisions by forcing you to see systems holistically rather than focusing on isolated parts.
    Black and white portrait of a systems thinker symbolizing holistic decision-making in organizations

    As Donella Meadows, the renowned systems scientist, advised:

    “Remember, always, that everything you know, and everything everyone knows, is only a model. Get your model out there where it can be viewed. Invite others to challenge your assumptions and add their own.”

    Mind mapping does exactly this – it externalizes your mental model, makes it visible to yourself and others, and creates space for collaborative refinement.

    Don’t Do Lists

    The next time you face a complex business decision, resist the urge to just think harder or make longer lists. Instead, open a blank page – digital or physical – and start mapping.

    1. Put the core challenge in the center.
    2. Branch out with everything you know, everything you need to know, and everything you’re uncertain about.
    3. Look for patterns. Create structure. Identify gaps.
    4. Share it with your team or stakeholders.
    5. Watch how the conversation shifts when everyone can literally see the whole picture at once.

    You’ll find that clarity emerges not from having all the answers immediately, but from organizing the questions, data, and relationships in a way your brain can actually work with. That’s the real power of mind mapping for business decisions – it transforms scattered thoughts into system design, and confusion into actionable insight.

    Start with your next complex challenge. You might be surprised how quickly the fog lifts when you map your way through it.

  • The Personal Brand Monetization Framework: From Your First Dollar to Sustainable Income [Part 2]

    The Personal Brand Monetization Framework: From Your First Dollar to Sustainable Income [Part 2]

    Let’s quickly recap the topic, because we covered a lot in the previous articles of the series. We unraveled the myth about 100,000 followers. We went through several monetization tactics that work from the beginning — the first three here, the last two here. In the last article, we dove deeper into the tactical stuff and started building the framework for monetizing your personal brand. In this article, we’ll continue to do so. Let’s begin.

    The First Version Will Suck (Do It Anyway)

    Let me tell you something that might save you months or years of delay: Your first product will not be perfect. It won’t even be great. It will, in fact, probably be kind of shit.

    This is not a reason to wait. It’s a reason to launch.

    Every successful digital product you admire – every polished online course, every seamless membership experience, every professional-looking guide – started as a rough first version. The creators behind them launched something imperfect, got feedback from real customers, and improved iteratively.

    This is how products evolve. Not through endless planning and perfecting in isolation, but through rapid deployment and continuous refinement based on actual market feedback.

    I can’t stress this enough: Market feedback is infinitely more valuable than your assumptions about what people want. You might spend six months building what you think is the perfect course, only to launch and discover that people are confused by the structure, or they wanted different outcomes, or you priced it wrong, or the problem you solved wasn’t actually their biggest pain point.

    Or you could spend two weeks building something “good enough,” launch it to your small audience, make a few sales, gather detailed feedback from actual customers, and use that information to improve version 2.0. Then improve 3.0 based on the next batch of customers. Within six months, you have a genuinely great product refined by real-world usage.

    Guess which approach leads to better outcomes?

    How I Failed My First Product

    That’s exactly what happened to the first version of my ANTIghostwriter content creation system. My first client complained about the quality of my speech during my screencast recordings. Since I’m a non-native English speaker, that wasn’t a big surprise to me. So I used AI to correct my speech and writing in all 24 lessons, reshot all the videos in the course, and released it as an updated version. Now I can iterate and polish the next things.

    The iterative path is more effective because you’re optimizing based on reality rather than guesses.

    This means your first product should be:

    • Simple enough to ship in 2-4 weeks
    • Focused on solving one specific problem
    • Priced to sell (you can change prices later)
    • Clearly “version 1.0” in your own mind (perfection comes later)

    Launch it to your existing audience, however small. If you only have 100 followers, that’s fine – you only need 5-10 customers for meaningful feedback. If nobody buys, that’s also feedback (probably about positioning, pricing, or product-market fit, not about your worth as a creator).

    Most likely, a few people will buy. They’ll go through your product. Some will love it despite its imperfections. Some will have questions or suggestions. All of this information is gold for improving the next version.

    And here’s a secret: Those early customers become your biggest advocates. They’ve seen the product evolve. They feel like they’re part of its development. They’re invested in your success. Many will leave testimonials, refer friends, and buy your next product too.

    So ship version 1.0. It’s better to have an imperfect product generating revenue and feedback than a perfect product that exists only in your head.

    The Four Eternal Markets (And Why They Matter)

    Here’s a framework that will help you position almost any product or service: the concept of eternal markets.

    There are four (arguably five) fundamental human needs that drive nearly all purchasing decisions:

    1. Health: Physical wellbeing, fitness, longevity, medical solutions
    2. Wealth: Money, career, business, financial security
    3. Relationships: Romance, family, friendship, social skills, influence
    4. Happiness: Fulfillment, purpose, mindset, emotional wellbeing

    I’d add a fifth that many consider a subset of happiness but I see as distinct:

    5. Spirituality: Meaning, consciousness, enlightenment, philosophical understanding

    Every product or service you can imagine falls into one of these categories. People spend money to:

    • Feel healthier
    • Become wealthier
    • Improve their relationships
    • Find happiness
    • Discover meaning

    This matters for your personal brand monetization because you need to connect your expertise and offerings to at least one of these eternal markets.

    “How to use Photoshop” isn’t compelling by itself. But “How to use Photoshop to build a freelance design business earning $5,000/month” connects to wealth. “How to edit photos to document your family memories beautifully” connects to relationships.

    Same skill, different positioning, different markets.

    Application To Products

    When building your product ladder, explicitly identify which eternal market each offering serves. This helps with:

    • Positioning: You can articulate the transformation in terms people instinctively understand and value.
    • Pricing: Products in the wealth category often command higher prices because the ROI is calculable. Health products also price high because the value (your wellbeing) is priceless to you.
    • Messaging: Your marketing becomes clearer when you understand the deep need you’re addressing.
    • Product Development: You can identify gaps in your ladder. “I have three products serving the wealth market, but nothing for relationships. Maybe I should develop something there.”

    Now, ideally, your products align with your personal brand’s themes. If you’re a fitness creator, health products make obvious sense. But you could also create wealth products (“How to become a certified personal trainer and build a $10k/month practice”) or relationship products (“How to work out with your partner to strengthen your relationship”).

    The eternal markets framework gives you flexibility while maintaining relevance to your core audience.

    Why Most Partnership Advice Is Wrong (For Some People)

    I need to share something personal here because it radically changed my approach to business and might resonate with some of you.

    Conventional wisdom says you shouldn’t start a business alone. You need a cofounder, a partner, someone to share the load and complement your weaknesses. This advice is so common it’s practically gospel in startup culture.

    I followed this advice like a law. Every significant business I started, I had a partner. And every single one eventually failed.

    It wasn’t until I went through therapy and talked about these repeated failures that someone outside the situation could see the obvious pattern I’d missed: The common thread in all my failed ventures was having a partner.

    The only business I’ve built that’s still running profitably years later, even without my active involvement is the one I started alone (my web-development agency).

    Now, I’m not saying partnerships are inherently bad. They work well for many people. But for me – for my psychology, my work style, my decision-making process – they were poison. I didn’t need a partner. I needed to work solo.

    This realization freed me. Now I focus on building my personal brand, which by definition can’t have a partner because it’s centered on me. This feels right in a way partnerships never did.

    What’s That For You

    Why am I telling you this?

    Because the “100,000 followers before monetizing” myth isn’t the only dogma holding people back. There are dozens of “rules” about how to build a business, grow an audience, or create products. Many are good general guidelines. But none are universal laws.

    You might succeed precisely by doing what everyone says not to do.

    Maybe you should have a partner (most people probably should). Maybe you shouldn’t niche down narrowly (which I believe). Maybe you should monetize immediately rather than growing first (which we’ve argued throughout this series). Maybe you should build in public even though everyone says wait until it’s perfect (I’d argue yes).

    The point is: Test the assumptions. Question the dogma. Be willing to discover that your path looks different from the conventional wisdom, and that’s okay – maybe it’s even optimal for you specifically.

    This is especially true for personal brands. Your brand, by definition, is unique to you. So the strategy that works for someone else might not work for you, and vice versa. Don’t be afraid to experiment and find your own path.

    Practical Implementation: Your Next Steps

    Alright, we’ve covered a lot of theory and framework. Let’s get concrete. Here’s what you should do next to start monetizing your personal brand, regardless of current audience size:

    Stage 1: Identify Your Transformation

    • Complete the Zero-to-One Exercise (list your transformations)
    • Choose one specific transformation to build your first product around
    • Write down exactly where you started (Point A) and where you are now (Point B)
    • Identify the key lessons, frameworks, or insights that enabled that transformation
    • Determine which eternal market this connects to

    Stage 2: Validate and Outline

    • Talk to 3-5 people who are currently at your “Point A” (before the transformation)
    • Ask them: What’s your biggest challenge? What have you already tried? What would success look like?
    • Use their language in your product positioning
    • Create a simple outline for your product (guide, course, or service)
    • Don’t overthink the structure – just brain dump everything you’d want to teach someone

    Stage 3: Build Version 1.0

    • Create your first product in its simplest form
    • For a guide: 20-30 pages of clear, actionable content
    • For a course: 5-10 video lessons (10-15 minutes each) or written modules
    • For a service: Clear description of what you’ll deliver, timeline, and process
    • Make it good enough to deliver real value, nothing more
    • Set a price that feels slightly uncomfortable but not absurd ($47-197 is a good starting range)

    Stage 4: Launch to Your Audience

    • Announce your product to your existing audience (email list, social media, wherever they are)
    • Explain the problem it solves and the transformation it enables
    • Share YOUR story of going from Point A to Point B
    • Make it easy to buy (easy-to-use checkout, remove all the unnecessary friction)
    • Set a deadline or limited spots to create gentle urgency
    • Follow up at least twice during the launch period

    That’s it. It might take just about thirty days from decision to first product launch.

    Lower Your Expectations

    Will you make $10,000? Probably not from your first launch. But you might make $500, or $1,000, or even $2,000 if you have an engaged audience and positioned well. More importantly, you’ll have proven to yourself that monetization is possible at your current size, and you’ll have feedback from real customers to improve version 2.0.

    Once you have one product launched and selling (even modestly), you can add another. Then another. You build your product ladder one step at a time, and each addition increases your overall revenue.

    Within 6-12 months of following this process, creators with just a few thousand followers often reach $1,000-3,000 per month in revenue. That’s $12,000-36,000 annually – meaningful money that can supplement or even replace a full-time income depending on your cost of living.

    And it all starts with launching version 1.0 of something simple.

    The Anti-Niche Strategy in Practice

    Let me bring this full circle with how the broad personal brand approach enables better monetization over time.

    When I started creating content online, I went extremely narrow. First, it was systems analysis – super specific, highly technical. Then I moved to software development, which was broader but still very defined. I built audiences in both niches.

    But here’s what I discovered: Staying in those narrow lanes felt suffocating after a while. My life isn’t only about systems analysis or coding. I’m also interested in business models, philosophy, personal development, psychology, science, cosmos, travel, and how these things interconnect through systems thinking.

    The narrow niches worked for getting initial traction. But they limited the kinds of products I could authentically create and the kinds of conversations I could have with my audience.

    Now, as I build a broader personal brand that encompasses business, development, philosophy, and lifestyle, I have far more product opportunities:

    • I can sell a course on business model analysis (wealth market)
    • I can offer coaching on building one-person businesses (wealth market) – of course, after I build one, not at this stage; otherwise, it would be a flop from a real impostor
    • I can create content about productivity and systems thinking (wealth/happiness intersection)
    • I can write about finding meaning and purpose (spirituality/happiness market)
    • I can share frameworks for making better decisions (applicable to all markets)

    Find The Connective Thread

    Each of these draws from different aspects of my knowledge and interests, but they’re all coherent under the umbrella of “systems thinking applied to life and business.” Someone might follow me initially for the business content, then stay for the philosophical perspectives, then buy a course on productivity.

    This wouldn’t be possible if I’d stayed narrowly focused on just web development or just systems analysis.

    The key is finding that connective tissue I mentioned earlier – the throughline that makes your diverse interests feel cohesive rather than scattered. For me it’s systems thinking. For you it might be optimization, creativity, psychology, storytelling, or something else entirely.

    Once you identify that thread, you can explore widely while maintaining brand coherence. And that exploration creates more opportunities for products, services, and income streams than any narrow niche could provide.

    The Compound Effect of Starting Now

    Here’s the final truth I want to leave you with: The best time to start monetizing was when you started creating content. The second best time is today.

    Every day you wait for that magical follower count – whether it’s 1,000 or 10,000 or 100,000 – is a day you’re not learning what works, not building your product ladder, not generating revenue, and not developing the business skills that matter more than audience size.

    The creators who succeed aren’t always the ones with the biggest audiences. They’re the ones who started selling early, learned from their mistakes quickly, iterated constantly, and built sustainable businesses rather than just large follower counts.

    Some of them have massive audiences now, sure. But many built those audiences after they’d already figured out monetization, using the revenue from their first customers to fund growth. The money came first, then the scale – not the other way around.

    You Already Have It

    You have everything you need right now:

    • A transformation you’ve undergone (your product)
    • Some people who trust you (your audience, however small)
    • Platforms to reach them (social media, email, content)
    • Tools to deliver value (courses, guides, services)
    • The only thing missing is the decision to start.

    So make it. Today, not tomorrow.

    Choose one transformation. Outline one simple product. Launch version 1.0 in the next 30 days. See what happens. Learn from the results. Iterate and improve.

    Six months from now, you could be earning your first $1,000 per month from your personal brand. Twelve months from now, maybe $3,000-5,000. Two years from now, potentially full-time income from work you love, serving people you chose to serve, on your own terms.

    Or you could still be waiting for 100,000 followers, convinced you need permission to start – permission that was never required and will never arrive because it doesn’t exist.

    The gates are open. They always were.

    The only question is: Will you walk through them?

    I’ll see you on the other side.

  • The Personal Brand Monetization Framework: From Your First Dollar to Sustainable Income

    The Personal Brand Monetization Framework: From Your First Dollar to Sustainable Income

    We’ve covered a lot of ground in this series. First, we destroyed the myth that you need 100,000 followers to make money online. Then, we explored five specific monetization models that work at any audience size (first three here, last two here). Now it’s time to get even more practical.

    This article is about implementation. It’s about taking everything you’ve learned and turning it into an actual business – your personal brand business. We’re going to build a framework for identifying what you should sell, how to position it, and why thinking broader (not narrower) might be the key to sustainable income.

    I’m going to share things I’ve learned through years of trial and error, including mistakes that cost me real money and opportunities. Some of what I’m about to tell you contradicts popular advice. That’s intentional. Because as we’ve established throughout this series, following the conventional wisdom blindly is often the surest path to staying stuck.

    So let’s build your monetization framework from the ground up.

    Your Transformation Is Already Valuable

    Here’s something that stops most people before they even start: They look at their lives and think, “I haven’t done anything special enough to teach or sell.”

    This is bullshit. Complete, absolute bullshit.

    You’ve already undergone dozens of transformations in your life. You’ve moved from ignorance to competence in multiple domains. You’ve solved problems that someone else is struggling with right now. The issue isn’t that you lack valuable knowledge – it’s that you can’t see it because it feels too obvious to you.

    This is the curse of competence. When you know how to do something – really know it, to the point where it feels natural – you assume everyone else knows it too. You forget that you once didn’t know it. You forget the struggle, the learning curve, the moment of breakthrough.

    But that journey from “I don’t know” to “I know” is exactly what people pay for.

    Let me give you a framework for uncovering your monetizable transformations:

    The Zero-to-One Exercise

    Take out a piece of paper or open a note on your phone. Write down every significant change you’ve made in your life in the last 5-10 years. Don’t filter yourself. Include everything:

    • Skills you’ve learned (professional, creative, technical, physical)
    • Problems you’ve solved (health issues, relationship challenges, financial struggles)
    • Transitions you’ve made (career changes, relocations, lifestyle shifts)
    • Knowledge you’ve acquired (subjects you’ve studied, industries you’ve entered)
    • Habits you’ve built or broken (fitness routines, productivity systems, mindset shifts)

    For each item, identify:

    • Where you started (Point A)
    • Where you are now (Point B)
    • What you had to learn to make that journey
    • What obstacles you overcame
    • What you wish you’d known at the beginning

    Look at that list. Every single item represents a potential product or service. Because right now, somewhere, there’s a person standing at your Point A, desperately wanting to get to your Point B. They will pay for a shortcut, for guidance, for the wisdom you gained the hard way.

    The Specific Beats the Generic

    Here’s where people make their first mistake: They try to teach something too broad.

    • “How to be successful.”
    • “How to be happy.”
    • “How to make money online.”

    These are useless. They’re too vague to be valuable.

    Instead, go specific. Very specific. “How I gained my first 100 engaged followers on Instagram by posting 3x per week for 60 days.” That’s specific. That’s teachable. That’s valuable to someone starting from zero.

    “How I solved my chronic back pain with 15 minutes of daily mobility work – no equipment needed.” Specific, actionable, valuable to anyone dealing with the same issue.

    “How I transitioned from employee to freelance consultant in 6 months while maintaining my income.” Gold for anyone considering that same leap.

    The specificity does two things: First, it makes the transformation believable and achievable. Second, it makes your expertise undeniable within that narrow scope. You might not be the world’s greatest Instagram growth expert, but you absolutely are an expert on how you personally went from 0 to 100 followers, because you lived it.

    How I Abandoned My YouTube Channel

    Let me share a personal example. Years ago, I started a YouTube channel teaching systems analysis. This was extremely niche – most people don’t even know what systems analysis is. I challenged myself to create 50 videos in 50 days, just to learn how to speak on camera and create content publicly.

    I finished the challenge and basically abandoned the channel. Years later, I checked back and found tens of thousands of views and nearly 1,000 subscribers. I’d done zero promotion, zero SEO optimization, zero growth tactics. The content just organically found people who needed exactly that knowledge.

    The screenshot of the author's abandoned YouTube channel

    Was this a massive success? Not really. But it proved something crucial: Even hyper-specific knowledge finds an audience if you actually share it. There were enough people learning systems analysis who wanted free video tutorials that my channel grew on its own.

    Now, I didn’t stick with that niche because I realized something important: My life isn’t only about systems analysis. Eventually, creating content on just that topic felt constraining. I had to force myself to stay in that narrow lane, and the passion started dying.

    This brings us to a critical decision point in building your personal brand.

    The Niche Paradox: Why Narrow Might Be Limiting You

    Standard advice says: “Niche down. The riches are in the niches. Go narrow and dominate a tiny space.”

    For products, this is often brilliant advice. If you’re building a SaaS tool or selling a specific service, being laser-focused makes perfect sense. You want to be the absolute best solution for a well-defined problem.

    But for personal brands I think this advice is often wrong.

    Here’s why: Your personal brand isn’t just a product – it’s you. And you’re not one-dimensional. Your interests, expertise, and passions span multiple domains. Forcing yourself into a narrow niche might help you grow faster initially, but it creates a prison that eventually suffocates your creativity and passion.

    Someone starts a fitness Instagram account. They grow to 20,000 followers by posting workout videos and nutrition tips. Then they realize they also care deeply about productivity, or mental health, or financial independence. But they’re scared to talk about those things because “my audience is here for fitness content.”

    So they either stay trapped in a lane that no longer fully represents them, or they start over with a new account in a different niche, abandoning all the momentum they built.

    This is backwards.

    The Broad Personal Brand Strategy

    Instead of niching down to a single topic, consider niching around yourself – your unique combination of interests, experiences, and perspectives.

    Think about it: There are thousands of fitness influencers. There are thousands of productivity experts. There are thousands of business coaches. But there’s only one person in the world who combines your specific blend of fitness knowledge, productivity frameworks, business experience, and personal philosophy.

    That intersection is your true niche. And it’s completely defensible because nobody else can be you.

    This approach has multiple advantages:

    1. Product Diversity: When your brand spans multiple areas, you can create products in multiple categories. A pure fitness account can sell workout programs and maybe supplements. But a broad personal brand covering fitness, productivity, and mindset can sell workout programs, productivity courses, coaching services, and philosophical guides. Each product taps a different aspect of your audience’s interests.
    2. Audience Longevity: People’s interests evolve. Your 25-year-old follower who initially came for fitness content might, at 30, care more about career growth and financial planning. If your brand has evolved to include those topics too, you keep that follower. A narrow niche brand loses them.
    3. Creative Sustainability: You can create content about whatever genuinely interests you at the moment. Feeling philosophical today? Write about mindset and happiness. Want to share a business lesson? Do it. Discovered a new productivity tool? Talk about it. You’re not imprisoned by your niche.
    4. Authentic Positioning: This is the big one. When your brand is broad enough to encompass your actual interests, everything you create feels authentic because it is authentic. You’re not performing a character or staying in a lane. You’re just being yourself, which is the most sustainable long-term strategy possible.

    But What If…

    Now, I can already hear the objection: “But won’t a broad brand confuse people? Won’t I attract an unfocused audience?”

    Maybe. But I’d argue that’s better than attracting a focused audience for something you’re not fully passionate about. And here’s the thing: Even within a “broad” personal brand, there should be connective tissue – themes that tie your interests together.

    For me, that connective tissue is systems thinking. Whether I’m talking about business models, personal development, technology, or even travel experiences, I’m fundamentally interested in understanding systems – how things work, how they connect, how to optimize them. That underlying framework gives coherence even when the surface topics vary widely.

    For you, the connective tissue might be different. Maybe it’s optimization and efficiency. Or creativity and expression. Something like human psychology and behavior. But identifying that thread helps you create a brand that feels cohesive even while spanning multiple domains.

    Building Your Product Ladder

    Once you’ve identified your valuable transformations and decided on your brand scope (narrow or broad), it’s time to structure your product offerings. This is where the concept of a “product ladder” becomes crucial.

    A product ladder is a range of offerings at different price points and commitment levels, designed to serve your audience wherever they are in their journey with you. It typically looks something like this:

    Free Tier: Lead Magnets and Content

    This is your public content – blog posts, videos, social media, podcasts, whatever format you choose. The purpose is dual:

    • Demonstrate your expertise and value
    • Attract people into your ecosystem

    Within your free content, you should also offer lead magnets: free resources valuable enough that people will trade their email address for them. This might be:

    • A PDF guide or checklist
    • A template or tool
    • A mini-course or challenge
    • Early chapters of a larger work

    The goal is to convert casual consumers of your content into subscribers – people who’ve raised their hand and said, “Yes, I want more from you.”

    I’ll be honest: I’m still figuring this part out myself. Despite having more than a thousand followers across platforms, building a substantial email list has been harder than I expected. Getting someone to follow you on social media is easy – one tap. Getting their email requires significantly more perceived value and trust.

    But that’s exactly why email subscribers are more valuable. They’ve demonstrated higher commitment, which typically translates to higher conversion rates when you offer paid products.

    Entry-Level Paid: Low-Ticket Offers ($20-100)

    These are your first paid offerings, priced accessibly enough that purchasing feels like a low-risk decision. This might be:

    • A comprehensive guide or ebook
    • A recorded workshop or masterclass
    • A simple template or tool
    • Access to a resource library

    The goal here isn’t to make a ton of money on each sale. It’s to convert people from free audience members into paying customers. That psychological shift is huge. Once someone has paid you $30 for something and found it valuable, they’re far more likely to consider your $300 offer later.

    This is where that specific transformation framework shines. Your entry-level product should solve one very specific problem completely. “How I gained 100 followers” is perfect for this tier. It’s focused, achievable, and valuable, but not so comprehensive that it should command a premium price.

    Mid-Tier: Courses and Programs ($100-1,000)

    This is where you deliver more comprehensive transformation. These offerings include:

    • Full online courses with multiple modules
    • Group coaching programs
    • Workshops or bootcamps (live or recorded)
    • Certification programs

    At this price point, people expect substantial value and clear outcomes. Your course shouldn’t just provide information – it should provide a system, a framework, a step-by-step path to achieving a meaningful result.

    This is also where your personal engagement starts to become part of the value proposition. A $497 course might include a private community where you answer questions, or monthly group coaching calls, or direct feedback on assignments.

    The beauty of digital courses is that you build them once and sell them repeatedly. Yes, you’ll update and improve based on feedback (your first version will be shit – launch it anyway), but the core work is frontloaded. After that, every sale is nearly pure profit.

    This tier is where I personally position my first product – the ANTIghostwriter content creation system that I developed for myself, which helps me publish two long-form articles, two threads, three videos, and post at least three times per day on multiple platforms. It’s like having a content team – exactly how the big boys do it – but on my beginner level and without the need to pay them all. Check it out as an example of a digital product you can sell yourself, or maybe you’ll be interested in the system for your brand.

    Premium Tier: High-Touch Services ($1,000-10,000+)

    This is where you work directly with people, trading your time and expertise for premium compensation:

    • One-on-one coaching or consulting
    • Done-for-you services
    • VIP days or intensives
    • Mastermind groups (small, exclusive cohorts)

    These offerings don’t scale the way digital products do – there are only so many hours in your day. But they command premium prices because the transformation is personalized and accelerated.

    Remember Li Jin’s research from the first article? Some creators made $100,000+ per year from just 60-100 customers. That’s this tier in action. If you charge $2,000 for a three-month coaching package and work with just five clients at a time, that’s $10,000 every three months – $40,000 annually from five people.

    This is also where your small audience size becomes an advantage. With 3,000 followers, you can realistically offer premium access and personal attention. With 300,000 followers, that becomes impossible. Annie Wang, the vocal coach with 3,000 followers, leverages exactly this dynamic – her small audience size allowed her to offer the personalized coaching that makes her programs valuable.

    Recurring Revenue: Memberships and Communities

    At any point in the ladder, you can add a membership component:

    • Patreon tiers with exclusive content
    • Private Discord or community access
    • Monthly office hours or Q&A sessions
    • Ongoing accountability and support

    The power of recurring revenue cannot be overstated. It’s predictable, it compounds over time, and it creates deeper relationships with your most engaged audience members.

    Even 50 members at $20/month creates $12,000 in annual revenue. That might not be life-changing money by itself, but as one stream among several in your product ladder, it adds up quickly.

    To Be Continued

    I want to stop here because emails have some length limits, and I want to respect that.

    But that’s not the end of this topic. In the next article, we’ll talk about building the first version of your product and how to avoid common mistakes. We’ll cover the four eternal markets and how understanding that concept will help you with marketing and positioning your brand, as well as partnerships in business – and how that’s been my worst mistake for years – and much more.

    So stick around for the next article.

  • 5 Monetization Models That Work With Zero Followers (And Scale As You Grow) [Part 2]

    5 Monetization Models That Work With Zero Followers (And Scale As You Grow) [Part 2]

    In the previous article, we covered the first three monetization models that work with zero followers. This article continues the topic with two more models at your disposal.

    If you want to read the intro to the topic of how you don’t need 100K followers, please refer to the first chapter. And here, let’s dive right into it.

    Black and white portrait of Li Jin, symbolizing creator economy and small audience monetization

    Li Jin (Venture Capitalist and Passion Economy Expert):

    “I believe that creators need to amass only 100 True Fans – not 1,000 – paying them $1,000 a year, not $100. Today, creators can effectively make more money off fewer fans.

    Model 4: Direct Product Sales – Courses, Services, and Digital Products

    This is where things get really interesting, and where I think most creators should focus their early energy. Because creating and selling your own products or services gives you complete control over pricing, delivery, and profit margins.

    When you sell someone else’s product through affiliate marketing, you get a cut – often a good cut, but still a cut. When you sell advertising space, brands dictate terms and rates. But when you sell your own creation you keep everything. You set the price based on value delivered, not on what some platform algorithm decides you’re worth.

    The mental barrier most people face here is thinking, “But I don’t have anything to sell.” I’d argue you almost certainly do – you just haven’t recognized it yet.

    Let me share something powerful: Your transformation is your product. The journey you’ve already taken from Point A to Point B is exactly what someone else is trying to navigate right now. That knowledge gap – the difference between where you were and where you are now – is valuable. People will pay for shortcuts, frameworks, and guidance through terrain you’ve already mapped.

    Think about it this way: When you start building your personal brand or online presence, you face immediate challenges. How do I get my first 100 followers? Which platform should I focus on? What content actually works? These are real problems that demand solutions.

    Sell The Solution You Found

    Let’s say you figure it out. You experiment with different content formats, posting schedules, and engagement strategies. You test things, fail at some, succeed at others. Eventually, you crack the code enough to go from zero to 100 genuine followers who engage with your content.

    Congratulations – you now have your first product. You can create a guide: “How I Gained My First 100 Engaged Followers in [Platform] Starting from Absolute Zero.” Structure it as a step-by-step system. Include the tactics that worked, the mistakes you made, the timeline it took, and specific examples.

    Will this course command a $2,000 price tag? Probably not at first – though you’d be surprised what proper positioning can do. Maybe it’s a $29 course, or a $97 premium guide. But here’s the thing: You didn’t need 100,000 followers to create it. You needed the journey from 0 to 100, which you just completed. And now you can sell that knowledge to the next person starting from zero.

    This is the framework that unlocks everything. You’re always a few steps ahead of someone else in some dimension. That “few steps” is monetizable.

    Real-world example: Annie Wang, the vocal coach we mentioned in the first article of the series, built her entire business around this principle. She developed expertise in voice training, then packaged it into a 60-day program with course materials, one-on-one sessions, and group coaching. Her 3,000 Instagram followers provide more than enough demand to fill her programs at premium prices because the transformation she offers – improving your voice – is genuinely valuable to aspiring singers and speakers.

    My Own Example

    The beauty of digital products is their scalability without proportional work increase. Create the course once, sell it repeatedly. Yes, you’ll update and improve it based on feedback (your first version will be shit – accept that and launch anyway), but the core work is frontloaded.

    My own example: I started my journey as a content creator in a pretty scattered way. There’s too much information online, too many pieces of advice on how to do this and that – it overwhelmed me almost instantly. As a systems guy, I know that other people’s systems won’t work for me, therefore, I need to come up with my own.

    So I started creating content, writing articles, using AI to structure them properly, conduct research on the topics I was writing about, and repurpose content for different platforms. After several months of iterations, it finally felt like a solid algorithm, which is always the final goal when I create systems for myself.

    From that point, I was able to package this algorithm into a set of instructions combined with all the prompts and certain tools I use to create content for myself. It also implies the transformation principle I described here: from my point A – a scattered mind and inability to create and publish content online regularly – to point B, with a strict and solid system working like clockwork. So, check it out: AntiGhostWriter.

    I mention this as a pitch obviously, but also because it represents exactly what we’re talking about: I identified a problem I faced and that others in my audience faced (creating authentic content efficiently), I built a solution, and now I’m offering it to the people who need it. That’s the product creation cycle in a nutshell. Find a problem, solve it for yourself, package that solution for others.

    Beyond Courses

    The product you create doesn’t have to be a course. It could be:

    • Coaching or consulting services (one-on-one or group)
    • Templates or frameworks you’ve developed
    • Digital tools or resources (spreadsheets, checklists, databases)
    • Exclusive community access with direct interaction
    • Done-for-you services in your area of expertise

    The key is matching your skillset to a genuine need in your audience. And remember – your audience can be tiny. If you charge $500 for a coaching package and sell just two per month, that’s $12,000 per year. Sell to five clients monthly, and you’re at $30,000 annually. No massive following required, just deep expertise and the ability to deliver transformation.

    One more thing: Don’t wait until your product is “perfect” to launch. Your first version will be flawed – that’s not just okay, it’s expected. The iterative improvement cycle is where the real product magic happens. Launch something good enough, get real market feedback, improve based on actual customer needs rather than your assumptions. This is how every successful digital product evolves.

    Model 5: Membership and Patronage – Recurring Revenue From True Fans

    This is the model that most directly embodies Kevin Kelly’s “1,000 True Fans” concept and Li Jin’s “100 True Fans” update. Instead of selling products transactionally, you’re asking your most dedicated audience members to support you on an ongoing basis.

    Platforms like Patreon, Ko-fi, and Buy Me a Coffee have made this incredibly accessible. The premise is simple: Offer exclusive benefits to supporters who pay a monthly subscription. These benefits might include:

    • Behind-the-scenes content and work-in-progress updates
    • Early access to your public content
    • Exclusive articles, videos, or podcasts not available elsewhere
    • Direct communication (Discord access, Q&A sessions, office hours)
    • Input on future content or projects
    • Physical perks (merchandise, handwritten notes, etc.)

    The economics here can surprise you. According to recent Patreon data, the average pledge per patron has increased by 22% over two years, and there’s been a 21% increase in patrons paying over $100 per month to creators they love.

    This matters because it means you can generate meaningful income from a relatively small number of supporters. Let’s do some math:

    • 50 patrons at $10/month = $500/month ($6,000/year)
    • 100 patrons at $15/month = $1,500/month ($18,000/year)
    • 200 patrons at $25/month = $5,000/month ($60,000/year)

    That last scenario – a livable income for many people – requires just 200 dedicated fans willing to pay $25 monthly. Not 100,000 casual followers. Two hundred people who value your work enough to actively support it.

    Real example: Jalyn Baiden, whom we mentioned before, went full-time as a content creator with just 4,000 Instagram followers and 8,000 on TikTok. Beyond brand deals, creators like Jalyn often supplement income through Patreon or similar platforms. The combination of moderate brand sponsorship rates ($350-1,000 per post in her case) plus recurring support from a small percentage of highly engaged followers can easily add up to full-time income.

    Combine Different Models

    The membership model works especially well when combined with one or more of the previous models. You might have:

    • Free content on social media (audience building)
    • Email newsletter with basic tips (relationship building)
    • Affiliate recommendations (passive income)
    • Mid-tier digital products like courses (transaction income)
    • Premium membership tier (recurring income from superfans)

    This creates a natural funnel where people can engage with your work at whatever level matches their interest and budget. Most people consume free content. Some buy your course. A smaller group becomes monthly supporters. Each level monetizes appropriately for audience size and engagement depth.

    One crucial insight about membership models: You’re not selling access to content that’s otherwise impossible to find. You’re selling belonging, connection, and support. Your patrons aren’t just your regular customers – they’re fans who want to see you succeed and want to be part of your journey. This is why direct communication and community elements matter so much in membership tiers.

    When someone becomes a monthly supporter, they’re emotionally invested in your success in a way that one-time customers simply aren’t. They’ll promote your work, provide feedback, defend you in comments, and generally become ambassadors. This is the “true fan” dynamic in action.

    Platforms have made this easier than ever. Patreon handles all the payment processing, membership management, and content delivery. Ko-fi and Buy Me a Coffee offer even simpler options for one-time support or memberships. Stan Store (which I actually use for AntiGhostWriter and other offerings) combines product sales, memberships, and scheduling all in one creator-friendly platform.

    The barrier to entry is very low. You can set up a membership page in an hour. The hard part isn’t the technical setup anymore. But creating consistent value that makes people want to stay subscribed month after month is the real challenge here. But if you’re already creating content regularly, you’re already doing the work. Membership just adds a layer of exclusivity and direct connection for those who want more.

    The Diversification Principle

    Here’s something critical that ties all five models together: The most successful creators use multiple revenue streams simultaneously.

    Remember the statistic from the previous article (that’s where you also can find the first three models)? 66% of creators rely on a single income stream for most of their earnings, while the highest-earning creators typically have five or more revenue streams. That is the right strategy.

    Diversification protects you from platform changes, algorithm shifts, and market volatility.

    • If YouTube changes its ad policy, you still have your course sales.
    • If a brand cuts its influencer budget, you still have your Patreon supporters.
    • If affiliate commissions decrease, you still have your newsletter subscriptions.

    But beyond protection, diversification allows you to monetize different segments of your audience at appropriate levels. Some people will never pay for anything – they’ll consume your free content and that’s fine. Some will buy an affiliate recommendation. Others will purchase your course. A smaller group will become monthly members. Each segment contributes to your overall income without requiring everyone to engage in the same way.

    This is why you don’t need 100,000 followers to make this work. With proper diversification, you can generate sustainable income from a few thousand – or even a few hundred – highly engaged people distributed across multiple revenue streams.

    Let’s Do The Math

    Black and white portrait of Seth Godin, marketing thinker emphasizing trust and storytelling

    Seth Godin (Marketing guru and best-selling author):

    “Relentless pursuit of mass will make you boring, because mass means averageWhat’s the minimum number of people you would need to influence to make it worth the effort?

    Let’s imagine a realistic scenario for a creator with 2,000 total followers across platforms:

    • 10 Patreon supporters at $20/month = $200/month
    • One affiliate sale per week at $50 commission = $200/month
    • Two course sales per month at $150 = $300/month
    • Occasional brand deal (quarterly at $500) = ~$165/month average
    • Blog ad revenue = $100/month

    Total: $965/month or ~$11,580/year

    Not life-changing money, but absolutely meaningful supplemental income – from just 2,000 followers and a diversified approach. Scale that to 5,000 followers with better conversion, and you’re looking at $25,000-35,000 annually. At 10,000 engaged followers with optimized funnels as a full-time income becomes very realistic.

    The point is this: You don’t need to wait. You don’t need some massive audience milestone. You need to start implementing these models now, with whatever audience you have, and let them scale naturally as you grow.

    Starting Today, Not Tomorrow

    Look, I know this is a lot of information. Five different models, each with its own setup requirements and learning curve. It’s tempting to feel overwhelmed and default to “I’ll start when I have more followers.”

    Don’t.

    Pick one model – just one – and implement it this week. Not next month. This week.

    If you already have some content online, set up Google AdSense or another display ad network. It takes an hour.

    If you use tools or services you genuinely love, find their affiliate programs and start mentioning them in your content (just like I did in this one). You can do this today.

    If you have valuable knowledge from a transformation you’ve undergone, outline a simple guide or course (remember my AntiGhostWriter). And don’t perfect it at a launch point.

    If you have even 50 engaged followers, set up a Patreon with one basic tier. See if anyone joins.

    Ignite The Engine

    The hardest part is starting. Once you make that first dollar – even if it’s just $5 – everything changes. You prove to yourself that monetization is possible at your current size. That psychological shift is enormous.

    And then, as your audience grows (and it will, because you’re now focused on serving people rather than just chasing follower counts), your income grows proportionally. Ten followers become 100. $10/month becomes $100. $100 becomes $1,000. It scales naturally because you’ve built the infrastructure from the beginning.

    In the next article, we’ll get even more tactical. I’ll walk you through the exact framework for identifying what product or service you should create based on your unique knowledge and journey. We’ll talk about how to position it, price it, and promote it to an audience of any size. We’ll explore why broad personal brands often outperform narrow niches in the long run, and how to structure your content strategy accordingly.

    But for now, take action on one model. Just one. Choose the path that feels most aligned with where you are right now, and take the first concrete step today.

    Because the truth is, you already have everything you need to start earning online. You just need to stop waiting for permission from some arbitrary follower count that was never real in the first place.