From Wall Street Trader to Million-Dollar Writer: Secrets and Lessons Revealed
Key insights
- 💼 Former Wall Street trader built a $10 million writing business while working a full-time job, Business ventures include Ship 30 for 30, premium ghostwriting academy, WR with AI, and Type Share, Woke up at 4:30 a.m. to write for 2 hours before going to work, Insights into scaling a writing business
- 👔 Struggle with work incentives and effort due to potential income, Witnessing colleague's lack of freedom at work, Passive pursuit of opportunities while working 9 to 5, Creating a successful newsletter as a side project, Leveraging knowledge for a million-dollar side project, Promoting business ideas for solopreneurs, Successful personal writing challenge
- 📈 Viral Twitter post led to ghostwriting business opportunity, Initial uncertainty about pricing resulted in a $55,000 payment for a writing project, 30-day writing challenge led to successful paid accountability group
- 💵 Charged $99 for a product and made $30,000, Transitioned to a digital writing education program and made a million with 90% margin, Writing is a crucial and applicable skill in various fields, Recommended reading 'The Art and Business of Online Writing', Emphasized the importance of solving people's problems through writing
- 📝 Fastest way to monetize is by building the skill yourself and borrowing someone else's audience, Becoming a ghost writer can help in earning a sustainable income before pursuing passion projects, Use minimal tools such as Twitter for searching past writings, Type Share for publishing, and Apple Notes for jotting down ideas, Work routine involves 'monk mode' for intense work and 'maintenance mode' for relaxation and idea percolation
- 🚀 Fear of judgment is often unfounded; the real challenge is getting people to care., Switch gears if the current path isn't leading to growth., Focus on practical learning with a specific project or goal in mind., Realize that role models aren't inherently more special; they've likely just been doing it longer., Start today without waiting for the perfect time
Q&A
How can founders overcome entrepreneurial challenges?
The speaker advised founders to switch gears if the current path isn't leading to growth, focus on practical learning, understand that role models aren't inherently more special, and start today without waiting for the perfect time.
What advice did the speaker give for aspiring writers?
The speaker recommended becoming a ghostwriter to earn a sustainable income before pursuing passion projects and suggested using minimal tools for writing, along with a balanced work routine.
How did the speaker achieve success in writing business?
The speaker transitioned from charging $99 for a product to a digital writing education program, eventually making a million with a 90% margin.
What is the significance of the 30-day writing challenge?
The 30-day writing challenge led to the speaker's creation of a successful paid accountability group, showcasing the power of consistent writing.
How did the speaker develop a successful writing routine?
The speaker woke up at 4:30 a.m. to write for 2 hours before going to work, effectively balancing a full-time job and writing ventures.
What are the speaker's key business ventures?
The speaker's key business ventures include Ship 30 for 30, a premium ghostwriting academy, WR with AI, and Type Share.
- 00:00 A former Wall Street trader built a $10 million writing business while working a full-time job, then quit to pursue his writing ventures, including Ship 30 for 30, premium ghostwriting academy, WR with AI, and Type Share. He shares his routine of waking up at 4:30 a.m. to write for 2 hours before going to work and gives insights into scaling a writing business.
- 03:07 Struggling with work incentives, witnessing a colleague's lack of freedom, passive pursuit of opportunities, creating a successful newsletter, leveraging knowledge for a side project, promoting business ideas for solopreneurs, personal writing challenge success
- 06:12 A viral Twitter post led to a lucrative ghostwriting business. Initial uncertainty about pricing resulted in a $55,000 payment for a writing project. A 30-day writing challenge led to a successful paid accountability group.
- 08:55 The speaker found success by charging $99 for a product and making $30,000, transitioned to a digital writing education program, and eventually made a million with 90% margin. Writing is a crucial and applicable skill in various fields, and to become a good writer, one should consider reading 'The Art and Business of Online Writing' and focus on solving people's problems.
- 11:54 Writer shares advice on making money through writing, recommends becoming a ghost writer to earn a sustainable income before pursuing passion projects, suggests minimal tools for writing, and describes a balanced work routine.
- 14:35 The fear of being judged for sharing your work is often unfounded; the real challenge is getting people to care about what you have to say. Advice for founders: switch gears if the current path isn't leading to growth, focus on practical learning, realize that your role models aren't inherently more special than you, and start today without waiting for the perfect time.