Earning $1k and Beyond

My progress of Ramit Sethi's Earn1k Course

Monthly Archives: April 2012

Everyone has 24hrs in a day. Ha, yea right!

Everyone does not have the same amount of hours in a day. That’s true in terms of there’s only 24 hours in a day, however like everything else nowadays it seems there’s a loop hole. For instance, I can move west from the east coast and add more time to my day. I can keep going until I get too tired and pass out, thus having created more time. On a more realistic case, I go to bed around 11. If I go to bed earlier I’m losing hours, but if I go to bed later it’s such a hassle to wake up. This means, if I wake up at 7am and go to bed at 11pm, then I’m only getting 16 hours a day to work–no more, no less. On the other hand people who can function on 4 hours of sleep are getting an extra 4 hours/day which is about 1,460 hours more per year! This myth has been busted.

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Rework

OK, I’ve got an idea. I talked to some other people who have went through Earn1k as well as looking at what gets me excited, and so now I’ve found my starting point. Now that I’ve been able to figure where to start from, I am going back to the first video and starting the course over.

 

Week 4 – Getting Lost

I’m having some issues right now in moving forward with my progress. I have a couple of ideas I’m investigating to see if they are going to work out. Ramit has some nice tips on seeing if an idea is worth it to pursue. I went on vacation so I’m also a little behind on the videos and consuming information. I hope it doesn’t put me too far behind and slow down my momentum. Read more of this post

Where’s My Idea?

I can’t find any ideas to start freelancing on. This is getting annoying since I thought I’d be able to think of something. The good news is that Ramit does have a bunch of articles on getting that one idea you can pursue. He also mentions that you ¬†should validate an idea to make sure it is a viable business before you waste months on it and realize you will never make any money on it. I downloaded his 60 page guidebook to finding, choosing, and validating your one idea. The bad news is I’ve made it to the part where you must choose your one idea out of man, and I’m still not sure which one to pursue.

What’s holding me back? It may be fear, but its also experience and analysis of what I know I can do, what I am comfortable doing, and what I think will work. Well, since I am at a roadblock and feeling like there should be more out there on his site, I went back and checked out the Profitable Idea page and Ah Ha! found some more videos that go along with the 60 page guide. Hopefully these will help me get out of my rut while I relax and focus on choosing that one small but rewarding idea.

One Thing to Know

The most important thing to learn from this course is “You have to do the work before you pitch.” This means you must provide answers and solve your clients problems.

Week 3: New Steps

I’ve been very busy the past week so this time I’m watching the material about 5 days after it came out. I get an email from Ramit once a week about the new material being posted. He’s always including survey’s ¬†since it gives him feedback to use. This week he talks more about your target market and who he markets his Earn1k course to. He knows a lot about his target market through the research he does and the feedback he gets in the surveys, and as he explains the more you know about your audience, the better you are at serving them, which leads to more $$$.

What I am liking about this course and other books I read like “What Color is Your Parachute” is that it has action steps to take. They are not just about lecturing but steps you can take that second. Ramit in Earn1k has you do a “straightjacket” session where you work or brainstorm for 5 minutes on something. I found a great timer called Orzeszek Timer. If you are reading this blog it’s because you are most likely interested in Sethi’s course and that means you probably are also a fan of Lifehacker. Ramit knows his audience reads blogs like Lifehacker and other blogs that he mentions. Lifehacker recommends him, and I have some trust in Lifehacker so that’s why his course didn’t seem like a scam to me. Anyway, back to the timer. It’s recommended by LH also so that’s where I found about it, and I use it during one of these straightjacket sessions.

Week 2: Taking Some Baby Steps

The second week is about keeping control. Ramit explains how everyone gets excited about their new venture and goes out and ends up wasting valuable time doing unnecessary stuff (ie setting up a Twitter account). Read more of this post