5 Ways To Make $1 Million As A Writer - Nicolas Cole | Deep Dive with Ali Abdaal

In this episode of Deep Dive, Nicolas Cole discusses with the host how to make money online through writing. Cole shares his journey from a World of Warcraft gamer to a successful online writer and ghostwriter. He emphasizes the importance of serving the reader by answering their questions and providing value rather than focusing solely on personal interests. Cole advises aspiring writers to start by offering their services for free to build a portfolio and demonstrate their skills, which can lead to paid opportunities. He also touches on productizing writing services, sales copywriting, paid newsletters, and self-publishing books as potential avenues for income generation. The conversation also explores the mindset shifts required for success, such as focusing on skill mastery over immediate outcomes, embracing curiosity, and understanding how successful people think about money.

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5 Ways To Make $1 Million As A Writer - Nicolas Cole

Deep Dive with Ali Abdaal

Introduction to Online Writing and Nicolas Cole's Background

The Limitations of Traditional Publishing and the Rise of Online Writing

The Importance of Serving the Reader and Defining Your Niche

Curiosity, Skill Development, and the Monetization of Writing

Overcoming the Fear of Standing Out and the Power of Community

Enjoying the Journey, Tracking Income, and Transitioning to Full-Time Writing

Leveraging Quora and Securing a Column with Inc. Magazine

Copywriting, Ghostwriting, and Scaling with Words

The Power of Free Work and Demonstrating Value

Productizing Your Knowledge and Shifting from Time-Based to Outcome-Based Compensation

The Mindset Shift in Valuing Money and the Valley of Death for Freelancers

Team Size, Revenue Critical Employees, and the Agency Model

Paid Newsletters and the Importance of Serving the Reader

Self-Publishing vs. Traditional Publishing and Building an Audience

Lean Writing, Data-Driven Approach, and the Importance of Experimentation

The Downside of Blogging and the Power of Social Platforms

The "For Whoso That" Framework and Reading the Data

The Two Year Test, Building a Library, and Success Stories

5 Ways To Make $1 Million As A Writer - Nicolas Cole

Deep Dive with Ali Abdaal

00:00Introduction to Online Writing and Nicolas Cole's Background

Introduction to Online Writing and Nicolas Cole's Background

05:31The Limitations of Traditional Publishing and the Rise of Online Writing

The Limitations of Traditional Publishing and the Rise of Online Writing

16:14The Importance of Serving the Reader and Defining Your Niche

The Importance of Serving the Reader and Defining Your Niche

25:07Curiosity, Skill Development, and the Monetization of Writing

Curiosity, Skill Development, and the Monetization of Writing

34:21Overcoming the Fear of Standing Out and the Power of Community

Overcoming the Fear of Standing Out and the Power of Community

40:44Enjoying the Journey, Tracking Income, and Transitioning to Full-Time Writing

Enjoying the Journey, Tracking Income, and Transitioning to Full-Time Writing

45:05Leveraging Quora and Securing a Column with Inc. Magazine

Leveraging Quora and Securing a Column with Inc. Magazine

50:03Copywriting, Ghostwriting, and Scaling with Words

Copywriting, Ghostwriting, and Scaling with Words

59:04The Power of Free Work and Demonstrating Value

The Power of Free Work and Demonstrating Value

1:07:17Productizing Your Knowledge and Shifting from Time-Based to Outcome-Based Compensation

Productizing Your Knowledge and Shifting from Time-Based to Outcome-Based Compensation

1:15:15The Mindset Shift in Valuing Money and the Valley of Death for Freelancers

The Mindset Shift in Valuing Money and the Valley of Death for Freelancers

1:24:52Team Size, Revenue Critical Employees, and the Agency Model

Team Size, Revenue Critical Employees, and the Agency Model

1:33:06Paid Newsletters and the Importance of Serving the Reader

Paid Newsletters and the Importance of Serving the Reader

1:41:14Self-Publishing vs. Traditional Publishing and Building an Audience

Self-Publishing vs. Traditional Publishing and Building an Audience

1:47:50Lean Writing, Data-Driven Approach, and the Importance of Experimentation

Lean Writing, Data-Driven Approach, and the Importance of Experimentation

1:53:37The Downside of Blogging and the Power of Social Platforms

The Downside of Blogging and the Power of Social Platforms

2:01:22The "For Whoso That" Framework and Reading the Data

The "For Whoso That" Framework and Reading the Data

2:07:31The Two Year Test, Building a Library, and Success Stories

The Two Year Test, Building a Library, and Success Stories