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Hey, Dylan here. Welcome to another newsletter. Hope you've had an awesome week.

“Goals are the fuel in the furnace of achievement. The bigger your goals and the clearer they are, the more excited you become about achieving them. The more you think about your goals, the greater becomes your inner drive and desire to accomplish them.” - Brian Tracy

Today:

Is it worth working for TranscribeMe?
$5,000/month lead generation business
How to grow an SEO and content marketing agency to $100k/year
One small change to accelerate your savings
Why the markets are declining
A simple trading strategy
and more!

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MAKE MONEY

Extra Income 💵

Is it worth working for TranscribeMe?

TranscribeMe is a large transcription/translation agency that hires freelancers from around the world to convert audio into text.

Some key stats:

The average TranscribeMe worker makes $4.25/hour
Minimum payout is $10 (with payments sent via PayPal)
Payments are sent weekly
Growth opportunities are available

Check out the full review here to learn more.

Business Ideas and Stories 💼

$5,000/month selling leads (with $7 in monthly hosting costs)

Not only that but also zero employees. Talk about a lean business.

The business running these numbers is called CyberLeads. It's a SaaS (software as a service) business that provides lists of potential clients for digital agencies.

The list of leads are sent monthly in an Airtable (free software) and include what the potential client is likely to outsource, their industry, country, and of course, their contact information (among other things). Here's a demo.

This data is sourced by hand from things like news outlets, funding platforms (e.g. Crunchbase), social media networks, and blogs. This is something anyone who's good at research could do.

The founder of this business, Alex West, has built almost 20 different products. And here's his growth:

Year 1: $0/month
Year 2: $100/month
Year 3: $200/month
Year 4: $2,500/month
Year 5: $6,000/month

A good motivator for anyone out there who: hasn't found that winning idea yet and/or doesn't feel like they're growing quickly enough. Everyone moves at their own pace.

If you want to learn more, Alex writes a daily blog and you can study his CyberLeads business for more insights.

Growing an SEO and content marketing agency.

If you’re someone who’s growing a business and trying to lessen the reliance it has on yourself, this article has some great tips.

It’s also a good breakdown from Nat Eliason on how to grow an agency. Nat started his agency Growth Machine in 2017 and grew it to $100k MRR in just one year. He shares some insights behind how he did that here.

One of the key points that helped the business grow at the start were word of mouth referrals. Nat already had an upper hand compared to many others because he was writing online and growing sites for 4+ years before starting the agency.

That's a compelling reason to start building your network or audience TODAY (~~even~~ especially if you don't have anything to sell yet).

One last interesting thing to look at are Growth Machine's public case studies. They create these in order to show their authority and effectiveness to clients, but they're also helpful to look at if you're a freelancer (or budding agency owner) planning to offer similar services. You can get an idea of their strategies and tactics and mold them into your own business.

MANAGE MONEY

Tips and Tricks 💡

One small change

From Twitter:

Follow this simple rule and you'll save a lot more money. Then, invest it!

The top personal finance books on Reddit

This site lists the most mentioned books across Reddit, and here's the list for the Personal Finance subreddit.

Keep in mind, these are simply the most mentioned books - that doesn’t mean they’re the most recommended. Do your research before buying!

MULTIPLY MONEY

Market Summaries ⚡

📈 Stocks

INDEX

WEEK

YTD

TSX

20,739.01

-0.49%

+18.32%

Dow Jones

35,365.44

-1.02%

+17.01%

NASDAQ

15,169.68

-2.75%

+19.46%

S&P 500

4,620.64

-1.52%

+24.86%

S&P Global 1200

3,442.44

-1.59%

+16.59%

The markets experienced slight declines this week. Inflation worries and increased COVID cases may have fueled the fear.

The US Fed announced plans this week to wind down their pandemic stimulus measures more quickly and introduce as many as three interest rate rises in 2022 to (hopefully) curb inflation.

In other news:

Reddit announced plans to go public.
Evergrande, the Chinese property developer, officially defaulted on $300 million of debt.
Inflation levels in Turkey hit 21% in November, with the Lira down over 50% against the US dollar in the last year. The president has responded by lowering interest rates and increasing minimum wage, a move that financial experts say will only make the problem worse.
Canadian inflation stayed at 4.7% YoY in November

🔮 Crypto

COIN

PRICE

WEEK

YTD

Bitcoin

$46,482.06

-4.30%

+58.05%

Ethereum

$3,886.58

-3.83%

+430.97%

Avalanche

$110.16

+33.28%

+2349.8%

Price data as of 9PM PST

Crypto faced a third week of consecutive declines, with most of the top 100 coins in the red on Friday. An outlier was Avalanche (AVAX), a competitor to Ethereum, which gained after getting listed on BitGo and receiving USDC integration.

In other news:

Twitch co-founder Justin Kan to launch a gaming NFT marketplace called Fractal (The Block Crypto)
Elon musk tweeted that Tesla is going to start accepting Doge for merch purchases.
Golden state warriors to release NFTs (The Block Crypto)
Reddit to bring Community Points (Ethereum based crypto tokens) to more subreddits (Bitcoin.com)
Fun stat: Over 90% of Bitcoin’s total supply is now in circulation
Robinhood might start allowing users to “gift” crypto to other users
Nike acquired RTFKT studios, a digital sneaker and collectibles company