How to earn a full-time income online as a Compound Creator
What is a Compound Creator?
Someone who makes a full-time income through creating solutions on the internet.
This could be in the form of content, products, services, or all of the above.
🧵
A Compound Creator has skills in:
-writing
-speaking
-filming
-creating
-selling
And they use these skills to generate multiple revenue streams.
Here are the 3 stages to becoming a Compound Creator and earning a full-time income online.
Stage 1: Skill ($0-$100k/yr)
“I’ll do it for you.”
Build your skills by freelancing, working 1-1 with clients, services, maybe even working for a company.
Get exp, case studies, and find what you're good at.
As you help clients you'll improve your skills and confidence.
For me this was an e-com store and the skill I focused on was copywriting.
I wrote FB ads and email campaigns to sell physical products. I also worked with local business clients helping them with SEO, online marketing, and lead gen.
Spent 2 years here before selling this biz.
Stage 2: Productize ($100k-$300k/yr)
“We’ll do it together.”
Now you have skills+exp.
You’re looking to create more leverage in your business so you’re not trading your time for money.
You might start a productized service, group coaching, or launch digital products.
At the Productize stage you’re focused on:
-hiring help
-building your audience
-building better systems and processes
-moving away from 1-1 towards a leveraged model
You're starting to work less and make more.
Here I launched a lead gen agency called Growth Response. A productized service that could be duplicated for every client we brought on.
I built:
-team of VAs
-small group coaching program
-digital products that got us clients
Spent 3yrs here moving towards a leveraged model.
Stage 3: Product ($300k-$1M/yr+)
“I’ll show you how to do it yourself.”
Fully productize yourself and separate your time from income.
Online courses, digital products, group coaching or consulting, and high-ticket masterminds are common here.
You're looking to:
-create your own category
-work only with dream clients
-create automated digital products
-build a highly profitable and impactful machine that helps people at scale
The goal: scaling to 7-figures+ and becoming the leader in your market.
I spent years building my skillset and experience.
Now it's about scaling my impact through creating killer content, building out my Info Product Empire, and working with perfect-fit clients everyday.
This stage is my focus for 2021 and beyond.
It doesn’t happen overnight.
But if you put in the daily reps...
You’ll move from Skill —> Productize —> Product and become a “Compound Creator”.
You’ll have built skills in:
-writing
-speaking
-filming
-creating
-selling
You’ll be making a comfortable full-time income online.
And you’ll have carved out your own category making it impossible to copy you.
My mission is to help you move through these 3 stages and become a Compound Creator.
If you enjoyed this and want to join me on my mission...
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I'm between stages 1-2 right now, although not at those revenue numbers 😆
Great thread Sean! Subscribed to your newsletter. I need more of this kind of content!!