Become Recession Proof in 2023
1% Better 12/29/22
In case you missed it:Allow Me To Reintroduce Myselfš¾ 1 Year Anniversary Special: Big Announcement
Happy Thursday, Everyone! I hope you had a fantastic holiday! The human experience is largely about finding purpose. One simple method I use to gain a small sense of purpose is learning new skill sets. I recently started an Adobe Premiere Pro course on Udemy (an excellent online course site). I want to become a video editing wizard in the new year so that I can send you all some compelling video content.
If youāre ever feeling down or have those periods of feeling like youāre in a funk like I do (itās only natural), Iād recommend just trying to pick up a new skill for free online. I find it to be the best cure for those times when I feel a bit down spiritually. You can be on Youtube learning a new programming language in minutes. If you get the post New Years funk, try clicking one of these videos and pick up something that gives you a new small sense of purpose.
Anyway, onto the alphaā¦
Contents:
1ļøā£ Latest Twitter Thread
2ļøā£ Sponsored: Cre8ors
3ļøā£ Become Recession Proof in 2023
4ļøā£ 1% Club: Content Coming Up This Week
5ļøā£ Favorite Replies
Interested in sponsoring a newsletter and getting your project in front of 13,000+ Web 3, technology, and self-improvement enthusiasts? Reach out to [email protected].
Latest Twitter Thread:
Losing money without learning lessons is a mistake
Losing money while learning lessons is just tuition
Here are my 22 NFT Lessons Learned in 2022 (please learn from my mistakes):
— NFT God (@NFT_GOD)
Dec 28, 2022
SPONSORED: Cre8ors
Cre8ors in the bear: An EXCLUSIVE NFT opportunity for 1% Better readers
All of us are down bad, but millionaires are born in the bear, right?!
Hype has died, dust settled, and the change of pace reminds me of why I fell in love with web3 in the first place.
Web3 is a blank canvas. Misfits like us can rebuild the world as we see fit. A world where creativity is king. Creative or not, web3 gives us all a chance to learn & enrich our lives.
Thatās why I love the bear, it builds your network and breeds your creativity.
So, thanks to friends like NFT God, weāre opening the Warehouse (Discord) to 100 ā1% Betterā subscribers. We are going to build the next generation of on-chain creativity.
So, if youāre a creator whoās sticking around through the bear - we want YOU. Apply here!
Become Recession Proof in 2023
A recession is coming in 2023. This is all but inevitable. Almost every major bank has predicted it at this point. What typically comes with a recession? Companies that spent money like Paris Hilton in the early 2000s start to cut costs, and sometimes those costs are jobs.
The point of this column isnāt to scare you. The point is to convey that picking up multiple income streams has never been more essential. Letās go over some of the skills you should be building and ways you can use them to make yourself recession-proof in 2023.
The internet has never made it easier to bring in extra revenue. There are two main reasons for this. One) picking up new skills is free and easy. Two) leveraging your skills to create income is only a few clicks away. Iām going to go over five skills you can pick up for free online and the ways you can turn those skills into revenue.
Your initial gut reaction might be, āI donāt have enough time to pick up any of these skillsā or āthese are too difficultā. I promise with just a little effort on a nightly basis after work, you can pick up a lot of these skills easily. Iām talking 15 minutes a night.
One thing Iād recommend to do simultaneously while learning any of these: grow your social media presence. By having an audience, itāll be 100x easier to network and find roles. When I say having a Twitter audience is a superpower, Iām not being hyperbolic. Letās get into the skills and side gigs:
Writing: Newsletter (premium or tips), copywriting agency, online courses
Writing is one of the two skills everyone in the world needs (the other being sales). Writing makes you more valuable in every aspect of your life. There are a thousand ways to turn writing into a revenue generator online. My favorite is what youāre reading now, newsletters.
Newsletters are the next frontier of content and social media. Newsletters are easy to produce, not dictated by an algorithm, and easily monetizable. If I could invest in Substack right now, I would. Thatās how strongly I feel about it. Anyone can start one for free too.
Iāll get more into the newsletter playbook in a future article, but do yourself a favor and start a Substack. Send out a weekly article even if itās to nobody. Build that skillset. Push people from your Twitter to your newsletter. Turn your tip jar on so people can send you a gift if they enjoy your content. Then eventually, once youāve built up a strong following, you can turn on the premium tier and ask people to subscribe to you.
There are many other ways to profit from writing. Iāve had NFT projects contact me and ask me to ghostwrite articles and threads. This has been a great source of revenue as well. If you practice your writing then advertise it through social media like Twitter, youāll start getting inbound leads looking to leverage your skills.
Want to pick up writing? Iād recommend picking up The Elements of Style and The Copywriterās Handbook. By far my two favorite books on writing.
Programming: Build and sell software, join a project team
I get some complaints that I talk about programming too much. Sorry not sorry. I took out a $160,000 loan so I can get a piece of paper that said ācomputer science degreeā on it. I also think itās one of the most valuable skills on the planet to learn. Learning how to code boosts your value in so many ways. It instantly makes you more valuable in your career in almost every field. It also opens up the potential for side gigs.
With a strong coding skillset, you can build your own software and sell it. Thereās tons of room for new analytics tools to be built. NFT analytics tools are making millions right now. You can also join a team as a developer. Whether itās an NFT project or another small team online, many projects are looking to pay developers good money for their time and knowledge.
As Iāll recommend with all these skills, build up your social media presence, tweet about programming, and inbound leads will come to you.
Community Management: Manage communities for projects on Twitter or Discord
Community managers are becoming more in demand by the day. As digital marketing shifts from static ads to more modern marketing like community building, many positions are starting to open up for people to help build and manage these communities.
EVERY NFT project hires community managers. Traditional Web 2 brands are starting to get in on it as well. Even Iām playing with the idea of community managers for the 1% Club Discord. Project founders have a million responsibilities on their plate. Interacting with the community should be a part of the job, but is impossible to do 24/7.
Iād highly recommend learning community management skills. First, Iād get onto Discord and study well-run servers. What is the layout of the channels in the server? How are the admins running them? What are the managers doing in the server to keep the conversation flowing? Take notes on all of this. Bonus points if you learn how to script Discord bots. This skill is SUPER in demand.
Video Recording: Youtube ad $ and Tik Tok creator revenue share
Even if you donāt have a massive following on Youtube, itās still possible to make decent money on ad revenue. One of the easiest ways to build a following is by recording review videos. You can review any technology or product youāre currently using. These videos get big numbers on Youtube.
Iād recommend studying other popular review videos and see how they record. What edits do they make, and how do they create thumbnails? Finding a niche like this and going all in can net you a nice little revenue stream.
Iāll be taking on this journey in 2023, so expect more tips and tricks as I progress! No fancy equipment is needed. Plenty of people have made quality videos on Youtube just with their smartphones.
Editing: Video and audio editing
Content creation is only becoming more popular among the average technology user. Social media platforms like Twitter, Youtube, and Tik Tok are turning anyone with a smartphone into a creator. New media companies are popping up every day left and right. ALL of these companies need editors.
Typically these content creators are more focused on filming and shooting rather than editing and are more than willing to pay people to edit their content. Editing is 90% of the game when it comes to Youtube/Tik Tok success, so these are critical skills to learn in 2023. In fact, Iām picking up Premiere Pro as we speak.
Pick up Premiere Pro and Photoshop, shoot a couple of videos, edit them for your portfolio, build a social media presence, and advertise your portfolio. You should be able to find leads in no time.
If youāre looking to take the exact course Iām taking on Premiere Pro, you can check it out on Udemy here. There are plenty of free content and courses on Youtube, though.
Conclusion
Being prepared for any economic environment is critical. With a potential recession incoming, itās never been more important to increase your value and pick up additional revenue streams. In 2022 I built out my writing revenue stream. I was successfully able to do this by putting in a little time every night after work.
In 2023 Iāll be building my video recording revenue stream. I hope some of the resources I provided here sparked an idea for you. Iād love to hear what side hustles youāre working on! Feel free to reply back or comment down below. Happy building!
1% Club Content Coming This Week:
The 1% Club private Discord is officially open! This is the home base for everything growth mindset. Itās been a blast interacting with everyone in the Discord. Iāll continue to be in there every day helping build out sub communities and bringing as much value as humanly possible on a daily basis.
Exclusive 1% Club Content: How to Get Started in Video Creation. This week Iāll be going over my video recording setup and giving you some options for cheap, intermediate, and expensive setups. Iāll also give you a couple of ideas on how to get started with video recording for Youtube and Tik Tok
Previous 1% Club exclusive content:
Replies of the Week
Thank you so much to everyone whoās replied to my tweets or emailed me this week! Look forward to hearing from more of you soon! Take care and have an excellent weekend!
Another way to āstress the systemā is to challenge yourself around your own beliefs. Donāt believe everything you think. In the words of @AdamMGrant - āThink Againā.
— Chris Donaldson | Maker of Good Things (@Chris_Donaldson)
Dec 28, 2022
After I shake off the butterflies I thrive under pressure. Slowly transitioning my work ethic to Web3
— Fonz š§š¼āāļø (@TheRealFonzz)
Dec 28, 2022
Getting out of our comfort zone is the most difficult thing to do, but it is also the most rewarding!
To grow in 2023, we should all strive to do at least one uncomfortable thing every day.
Making uncomfortable, comfortable should be the goal of 2023.
— Eduardmsmr.ethš® (@eduardmsmr)
Dec 28, 2022
If youāre comfortable, youāre doing it wrong.
— š Dave O š¦š (@D_OG280)
Dec 28, 2022
Stress is the catalyst for growth
Don't let stress define you, let it refine you
The more you go through, the more you grow
— Arzš (@arzdev)
Dec 28, 2022
The Hell that saved my life
2022 knocked me out of the house
My plans were ruined
My mental health flew into the abyssBut I gained something I never would have gotten in my cozy, warm town
I never felt so free and powerful before
— AmirMuÅ”iÄ (@AmirMushich)
Dec 28, 2022
I will find a fine line between manageable "stress" and actual deliberating anxiety that my stress often turns into.
Mental health is very important, finding a good work/life balance is key (for me at least)
— stĆønieā¬ļø (@yostoniee)
Dec 28, 2022