Is It Too Late For You?Pause before reading this. Based on recent data if you have not developed wealth habits by age 40 it’s probably too late for you. If you are 40+ there is one option at the end of this article. But if you have not passed 40 yet here are some ways …
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What is Personal Economy?Your personal economy represents the health of your financial life. It incorporates all the things you value most – your family, your home, your passions, your work, your experiences, your legacy. Simply put, your personal economy is how you use your finances for all the things that matter to you. It Must …
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Business Process Outsourcing, or BPO, refers to the process of contracting standard business functions to be handled by a party outside of the company. What is an example of business process outsourcing?Business process outsourcing (BPO) is the practice of contracting a specific work process or processes to an external service provider. The services can include …
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How does a knowledge worker differ from other types of workers?Knowledge workers are said to think for a living, unlike manual laborers who are paid for performing physical tasks. Knowledge workers are differentiated from other workers by their ability to solve complex problems or to develop new products or services in their fields of expertise. …
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Single Operated Newsletter – Is It Better Than A SaaS? Software as a service (SaaS) is a software distribution model in which a cloud provider hosts applications and makes them available to end users over the internet. In this model, an independent software vendor (ISV) may contract a third-party cloud provider to host the …
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Looking for a way to make a part-time income other than Uber or Lyft? In the beginning, ridesharing may be exciting, interesting, and even fun. You get to meet new people and discover parts of the city you never knew. Pandemic DrivingUnfortunately, the current pandemic has taken lots of the joy out of driving for …
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Wired magazine editor Kevin Kelly wrote an essay called “1,000 True Fans,” predicting that the internet would allow “regular people” to make a living off their creations, whether an artist, musician, author, or entrepreneur. He argued that creators only needed to engage a modest base of “true fans”—those who will “buy anything you produce”—to the …
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Single Operated Newsletter – Do Things That Don’t Scale! One of the most common types of advice given at Y Combinator is to do things that don’t scale. A lot of would-be founders believe that startups either take off or don’t. You build something, make it available, and if you’ve made a better mousetrap, people …
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There are two predominant business models in the Passion Economy: SaaS or a take rate of creator revenue (GTV). For platforms that monetize through SaaS, what MRR and ARR is the company generating from creators? There are a lot of sub-metrics important to SaaS business models, like new MRR, expansion MRR, and churned MRR—we recommend …
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Single Operated Newsletter – How to convert free readers into subscribers Passion Economy creators often utilize free distribution platforms—such as Facebook, Instagram, YouTube, or free podcasts and newsletters—to grow their audience, then convert some of those free users to paying customers. Platforms that support the monetization of fans include; KajabiTeachablePodiaPatreonBuy Me A CoffeeMighty Networks. Measuring …
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