Earning $1k and Beyond

My progress of Ramit Sethi's Earn1k Course

Amanda’s Case Study

Amanda was a Columbia grad, made 175k in side income. Wow, I can make this type of money? Awesome, sign me up. Yes, a little bit of sarcasm, but I hate these examples of people making 4x the average income of my hometown, all while doing it on the side. Read more of this post

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The Case Studies Are Almost Useless

Ramit Sethi’s Earn1k is about learning from him, his business colleagues, and past students. Ramit loves to have testimonials and use students as examples in his course for numerous reasons. I was really glad he did it this way because I believe learning from others like you and those who are successful is a great way to learn.What I got in the Earn 1k course was just 4 mediocre Case Studies under the section Case Studies–one of only a handful of main sections on the homepage of the site. Read more of this post

Missing Crucial Details

So far in my Earn 1k review, I’ve talked about how Ramit sold this course and the tactics used, and in case it comes off as overly negative, I just wanted to say a few things. This course costs a lot of money so it should be filled with very detailed information for every step it takes to start a freelance career. I got so much out of his I Will Teach You to Be Rich that I expected the same amount of step-by-step material. I didn’t feel this course warranted its very high price and the fact that Ramit is so very confident in the price just irks me. He says in the course to sell the sizzle not the steak when pitching your services, which he does very well, but I ordered a Filet Mignon and not a NY Strip. Read more of this post

Losing Faith in Ramit

First There Was Love

I loved Ramit’s I Will Teach You to Be Rich book. It made me $$$ without spending any. How? I took a week researching different banks and what they offered in interest. He recommends specific banks in his book so I took a look at those. I looked especially close at ING Direct, and I was about to transfer over my deposits when I checked out my local bank. They were offering a higher interest rate so I stayed with them. If it wasn’t for reading his book I would’ve have missed out on this higher, non-introductory rate interest at the bank I am already at. Thank Ramit. Read more of this post

Class is over

I am no longer in Earn1k. Why? I felt majority of the information presented was stuff I already knew. I spent hundreds of hours researching how to find a job by doing what you love about two years ago, and the majority of strategies for finding a job are the same as running a freelance job. I guess that is one reason why Ramit has a course on “Finding Your Dream Job.”

Great News! I got a FULL Refund. This was one of the biggest things I was worried about before joining the course. Like most people, I was very hesitant about joining Earn1k because it costs $1,000 or $1,200 if you pay with installments. That’s a lot of dough. Ramit’s main customer or ideal client profile is someone in there 20-30’s so I think dropping a grand on something is important to people in that age range.

Is Ramit Sethi’s Earn1k a scam? NO. There is a lot of good material and there is a lot of OK material, but in no way is a he scam artist. Like I said before, I knew a majority of the information already and the stuff that I didn’t know wasn’t worth the $1,000.  I firmly believe that if you provide a good product you should get paid for it; otherwise, who would spend their own time and money researching and developing a product? No one. Everyone has bills and everyone has wants and desires that require money. Plain and simple.

My gripes with Earn1k. I’m going to discuss those in my next post because I have a lot. The biggest one I have is about my faith in Ramit and his products.

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.

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.