Yesterday I emailed you about the myth of the âmillion-dollar idea.â
To view this email as a web page, [click here]() {NAME}, Yesterday I emailed you about the myth of the âmillion-dollar idea.â That pervasive yet wrong belief that before you start a business, you need an idea that no oneâs ever heard of before, and wow thatâs so smart, {NAME}, howâd you come up with that? Youâre a genius. The frankly relieving truth is that starting a business that earns $1,000, or $5,000, or even $100,000 a month isnât restricted to the naturally brilliant among us. (Or the naturally charming and magnetic. Phew.) For the most part, successful business owners arenât smarter than you. Theyâre not better people, morally speaking. And lots of them are worse. They just have systems. And they use those systems to find, test, and prove their business ideas, fast. Side note: Some entrepreneurs like to be obnoxiously loud on social media about the process of creating their systems. This is part of the âSIGMA HUSTLE GRINDSETâ you see from famously productive entrepreneurs. Along with the idea that âI have to have a totally original idea to start a business,â thereâs also this unfortunate belief that âI have to work my a** off and figure everything out for myself. That way Iâm really earning it.â Pinky-swear, {NAME}: Thereâs no glory in needlessly struggling. Making money doesnât have to be so hard If you needed to go to the grocery store this afternoon, would you start building a car from scratch? Literally reinventing the wheel? No. Youâd hop in your car and drive there. (Or better yet, have your groceries delivered to your door. I started doing this pre-pandemic, and I will never stop.) Itâs perfectly fine to start with a system created by others who came before you. Hereâs another reason to work smarter (use a system) vs. harder (figure everything out for yourself): Youâll unlock your second income stream sooner than you would on your own. Inside Earnable, I show you [the exact system I use to create standalone products]() that people can buy, use, and get real value from, without ever needing a second of my time. That means I can leave my business for 6 weeks and know that itâs still going to generate hundreds of thousands of dollars while Iâm strolling the streets of Jaipur and sampling chai and samosas with my wife. [Ramit and Cass] I didnât pack enough for this last-minute 4-day trip to Jaipur, so Iâm rocking my shawl I also left my business on autopilot while shooting my Netflix show, â[How to Get Rich](),â for 4 months. We were shooting 14 hours a day, 6 days/week, all around the country. [How to get Rich - Netflix]() Two more things I want you to know: - Nobody starts out immediately earning $1M/year from their business. You have to build from zero. And thatâs scary! Itâs a lot easier to fantasize about running a 5-million-dollar-a-year business than actually running a $50,000 one. But when you start from $0, your very first dollar is a huge success. And because of that⦠- The stakes are SO low right now. This is actually fantastic news. No one knows who you are. No one is watching you to see if you trip or fail or fly. That means you can literally try anything. Iâll say it again: The stakes are low, and thatâs a great situation to be in. The only way to go from here is up. Especially when you focus on finding a profitable business idea and building out your first offer instead of getting caught up in the fun but ultimately unprofitable stuff, like choosing your website fonts and brand colors before youâve even validated your idea. Right now, you can do anything. The key is to start small and use a system. Honestly, I donât care if you use the Earnable system or one of the other business-building systems out there. As long as youâre not wasting your time and energy trying scattershot tactics, getting frustrated, giving up, and coming back â I donât care whose system you use. [But hereâs how Earnable is different from other business-building programs]() (just Ctrl+F "How Earnable is different" and watch the 7-minute video). With Earnable, you can launch your business within a week and get your first paying customer within two weeks. From idea to sale in 7 days Hereâs how Brandonâs first 10 days of Earnable went: [Earnable - Brandon]() Knowing your customers always pays off Maybe you create your first offer. Then you realize itâs not *quite* attractive enough to potential customers. You can still use Earnable to create something new in the same space (the fancy word for this is âpivotâ). Thatâs what Emma did: [Earnable - Emma Mitchell]() Congratulations Emma! I love that she didnât give up. She used what she knew (I show you exactly how to do this inside [Earnable]()) and she landed on something her customers are delighted to pay for. Even better, she loves hosting her events. Itâs easier to earn more than spend less If youâve been on this list for a while, you already know Iâm not a fan of traditional financial advice like âSpend less and save more.â Itâs vague, hard to visualize, and most importantly, hard to accomplish. (Spend how much less? Save how much more?) Iâd rather spend without worry, and save a good chunk of cash at the same time. To do both, I have to earn more. So the advice I give my students is: Figure out a way to earn more. [Get a better job](). [Create a second income stream](). [Build your business](). Think of it this way, {NAME}. If you only have one income stream, thereâs a cap on what you can save, because thereâs a cap on what you earn. But what if there were no cap on your earnings? What if your monthly income grew by $500, $1,000, or even $5,000? What would that enable you to do? And what if getting there didnât have to feel so hard? Hereâs to eating samosas on vacation, [Signature] P.S. Keep an eye on your inbox tomorrow. Iâm sending you an invitation. You may be new to IWT.
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