- Leveling Up
- Posts
- 20 Steps to Creating a $5M One-Person Business
20 Steps to Creating a $5M One-Person Business
With Zero Ads and Operating at a 92% Margin
Eric Siu
November 07, 2023
Happy Tuesday,
We’ve got 10 new posts to level up your business.
First, we've got a guide on how to create a $5M one-person business. If you're dreaming of going solo, this is the read for you.
We also dive into the secret behind Nvidia's meteoric stock price surge. This chipmaker is on fire, and we’ve found a post that explains why.
Plus, eight other interesting pieces of content you’ll love.
Enjoy and let us know what you think at the bottom!
💁♂️ 20 steps to creating a $5M one-person business
Today, my little one-person business crossed $5M in revenue.
That was my big goal when I started on August 1st, 2019.
It took 1,548 days, I ran zero ads & operate at a 92% margin.
Here are the 20 steps of my wild & strange journey:
Hope they are helpful to someone ↓
— Justin Welsh (@thejustinwelsh)
12:17 PM • Oct 30, 2023
🤔 Is Google reading tweets to improve its algorithm?
Someone asked me this week for examples of how I bring the feedback people have outside Google back into Google. Good question. I've done this in the past. Here's a fresh one. After the discussions I've had over the past two weeks at an in-person event and online, I compiled a… twitter.com/i/web/status/1…
— Google SearchLiaison (@searchliaison)
5:22 PM • Nov 3, 2023
Less than 65% of business owners use Conversion Rate Optimization (CRO) to improve their funnels
Even though just a 1% increase in conversion rate can lead to a 10-20% increase in sales!
What a missed opportunity.
That’s why investing in CRO can skyrocket you over the competition.
Now you can work with an expert CRO team.
For a limited time, Single Grain is offering a free marketing plan to all new clients, including CRO opportunities.
They will analyze your site, your industry, and your competitors to show you the opportunities.
Then get a detailed execution plan for how they can achieve your goals
If you want to supercharge your conversions, this free offer is the quickest way to start.
(Consider it an early black friday gift!)
🎯 The right way to think about business expenses
If you’re going to spend $5k on a business expense, you better be making at least 8x that.
Why 8x?
Assuming a 25% profit margin, that means you need to make $20k just to break even.
But why break even? We want to profit. Go for 100%.
So if you want to spend $5k, aim to make… twitter.com/i/web/status/1…
— ericosiu (@ericosiu)
2:54 PM • Nov 4, 2023
📈 The secret behind Nvidia’s 319% stock price surge
Nvidia is booming.
• $1.138 trillion market cap
• 319% stock price surge this year
• $33 billion of revenue in the year till JulyHere's why:
— MATT GRAY (@matt_gray_)
1:19 PM • Nov 4, 2023
💪 14 short habits that will improve your life
14 short habits that have a massive return on life...
— Seek Wiser (@SeekWiser_)
6:00 AM • Nov 4, 2023
🤌 Understanding Google’s 3 Pillars of Ranking
It here! The DOJ finally released "Life of a Click" - explaining how Google used clicks for ranking
3 Pillars of Ranking:
• On-page
• Links+Anchors
• User-interaction1/5 🧵
— Cyrus SEO (@CyrusShepard)
7:21 PM • Nov 2, 2023
🦹♀️ 9 AI tools that feel illegal to know
9 tools that feel illegal to know:
— Mind Wisdom Money🕊 (@MindWisdomMoney)
11:46 AM • Oct 31, 2023
😏 A short guide on how NOT to become a starving artist
Do what you love but study psychology, marketing, and sales so you don’t become a starving artist.
A quick thread on breaking free:
— DAN KOE (@thedankoe)
1:10 PM • Oct 31, 2023
🤖 How to grow social accounts on autopilot
how to grow social accounts on autopilot
record conversations with friends who are smarter than you
build ai powered content templates that write a week's worth of content based on transcripts
schedule posts to all your channels
— Cody Schneider (@codyschneiderxx)
1:47 AM • Oct 31, 2023
💲 Scaling a SaaS company to $1M bootstrapped
In 2021, he quit his 8-year-long job to pursue his passion.
He started four SaaS projects but they failed miserably.
He didn't give up and now has scaled his SaaS business to $1M+ bootstrapped.
The story of how Damon achieved what most indie hackers dream of🧵
— Tibo (@tibo_maker)
1:49 PM • Oct 31, 2023
How We Can Help
That’s all for today!
Here are more ways we can help your company grow:
Work with Single Grain, our growth agency
.Subscribe and listen to the Marketing School podcast
Apply to join our Mastermind. Our invite-only community for the top founders in media, marketing, and business
Want to advance your career? Check our available job openings
How did you like today's newsletter? |
To your growth!
The Leveling Up Team