Aidah Omar

The Difference Between Top 7-Figure Producers and Average Producers Over the years of working with various salespersons and real estate producers, I discovered the reason between the top 7-figure performers and the average performers.

@dvassallo Congratulations! Just like how you secured the smallbets.com domain name and the story you shared with us members - I would be very interested to hear what happened here as well. 😄

Small Bets is joining Gumroad! Yes, I sold Small Bets. I’m going to keep running it myself, but Gumroad is now the 100% owner. It’s a good deal for me, and it should only bring more benefits to the community. Details - $3.6M sale price. - 50% cash / 50% stock options. - Cash payment in 2 parts: $900K received last week, $900K in 12 months. - My options vest in 10% increments every 6 months. - I will continue to run Small Bets for 5 years. If I quit, I lose any unvested options. - I will also be helping part-time to make Gumroad better. - I won't take any salary*. My goal is to help Gumroad (the company) become a $10M profit/yr business and make my equity return a $200K+/yr dividend. * technically my state of WA is forcing Gumroad to pay me a minimum wage of $69,500/yr, but I’ll use that to exercise my options. Valuation - Gumroad had already acquired 10% of Small Bets last year for $500K. - $3.6M for 90% = $4M valuation. - Small Bets made almost $500K in profit last year excluding Gumroad fees. Based on 2024 earnings, this sale would represent an 8X profit multiple. Under the Gumroad umbrella, we expect to grow this business to $1M in profit within the first 2 years, which would be a forward-looking 4X profit multiple. Future - I will continue running Small Bets myself as its own autonomous subsidiary. Basically, nothing changes. I still decide what happens there. Of course, that could change in the future but Small Bets has had 41 consecutive cash-flow positive months, and if that performance continues I see no reason for me getting kicked out. - Payment processing is likely becoming a race to the bottom, almost a commodity nowadays. Gumroad wants to be doing more than just payments to remain a valuable business. - The goal is to eventually turn Gumroad into a community rather than just a payment processor, where new and aspiring entrepreneurs get help starting and succeeding with whatever they want to do, even if it doesn’t involve using Gumroad’s products. The plan is still fuzzy, but that’s the direction. Small Bets will act as a laboratory for these ideas. - Small Bets has already shown the value of a support network and how having people with first-hand experience in your corner can help beyond what any AI or piece of software can. We will try to scale this concept further so that Gumroad can help creators with much more than just payments. - And if you’re one of the 6,692 lifetime members of the Small Bets community, thank you so much for trusting me and supporting my project. You will continue to benefit from all the goodness we’ll add following this partnership. Ask me anything!

this guy is one of the world's best 'competitive programmers' and has a video explaining exactly how to learn hard things

@thefernandocz @memdotai mem it

This is Gad Saad. His research on how bad ideas infect society made him an international bestseller in 20+ languages. He regularly goes viral on X. Yesterday, on Joe Rogan, he exposed why "mind viruses" have become so common. The 12 most powerful insights Gad Saad shared🧵

@jayclouse @memdotai mem it

I earned $69,248 per month as a creator in 2024. If I had to start over, here's what I'd do: 🧵

@joshtyler @memdotai mem it

@Nicolascole77 @memdotai mem it

I paid Alex & Leila Hormozi $5,000 to attend their 2-day workshop. ...and then another $35,000 at the end to join their smaller-group workshop group to keep learning. So, here's what I've learned so far: Takeaway #1: Take out as much cash as you need from your business to feel “secure” personally… so that you can take more risk inside your business. This is something I ROYALLY fucked up building my first company—my ghostwriting agency back in 2017. I grew that agency from $0/mo to $180,000/mo in revenue in about 18 months. The mistake I made though was never taking any money OUT of the business to make my personal life feel more secure. In fact, the entire time we scaled that business, I had $5,000 - $10,000 in my savings account and that was it. (Meanwhile, our monthly payroll of 20+ employees was north of $100,000.) As your business grows, you will inherently need to reinvest profits back into the business to keep it growing (we’re at this stage again right now). But that’s high risk. Which means, before you take that risk, make sure you’ve had a few months (or years) taking money out of the business so that you feel more comfortable/financially secure in your personal life… SO THAT you feel good taking that risk inside your business. Takeaway #2: Above $5M/year in revenue, you don’t bootstrap departments. You hire subject matter experts who build the department. This might have been my biggest “golden nugget” from the event, and thinking about the ROI of this simple concept relative to the fact I paid $5,000 to “learn this” is hilarious. $5k to learn something, at the moment I needed to learn it, that will make us millions more dollars in the future. (Not a bad ROI!) This was also one of those “what-got-you-here-won’t-get-you-there” lightbulb moments. I am a bootstrapper. Always have been. Whenever I have an idea, the first thing I do is go tinker and figure out how to duct-tape together something myself. And before you hit $1M or $2M or even $3M in revenue, that makes sense. That’s usually what’s required. But this past year, our business grew a lot. And so did our team. We went from 13 employees to 28. And the mistake I have been making (for months) is thinking, “Geez… I barely have any available time to bootstrap our next department!” And it wasn’t until we attended this workshop that I realized (aka: someone said to me) that’s not how it works from here. Above $5M/year in revenue, you don’t bootstrap departments anymore. You take your cash, you go find someone who has already built the department you want to build, and you go buy their subject matter expertise and empower them to build it. Completely different way of thinking about & solving the problem. Takeaway #3: Before you change anything in your business, test it. Piggy-backing on the above… Another “bootstrapper” habit is to move fast and break things. And when you’re small, this is correct. Perfection is the enemy of progress, so just do something and get moving. The problem is, as you grow, the riskiest thing you can do is change something inside your business. Even if you’re convinced it’ll improve it. Even if you think, “There’s no way this won’t be ROI-positive.” When you have something that’s working, ANY change = some percentage of risk. So a big piece of advice they hammered home to us was: don’t make company-wide changes. If you have an idea, or are trying to solve a problem, don’t roll out a solution to the entire business, or the entire product, or the entire sales funnel, etc. Instead, find a way to test your theory inside a contained environment: • Have 1 closer try a different pitch, first. • Have 1 coach try a different method with a student, first. • Send a different offer to 10% of your email list (instead of 100%). • Etc. Takeaway #4: When you change something, expect a 20% decline in the short term. Piggy-backing on the above again… when you change something, there will always be a period (in the short term) where metrics go down. This is usually because, especially in a more mature business, when you change one thing that one change ends up affecting 5 or 10 other things, which inherently “change” as a result of the original change you made. …which causes short-term inefficiencies. …or causes short-term declining profitability. …or causes some other metric to go down. This isn’t a problem. It’s just something to expect (so you don’t see a metric go down in the short term and freak out). Takeaway #5: There’s a difference between “continuity” and “back-end upsell.” This was a really interesting clarification for us, and just goes to show how there’s always more to learn. (We’ve been in the digital education space for 4+ years now, and I had never heard anyone articulate this to me, this way, before.) Continuity means a customer keeps paying for access to the thing you already sold them. Back-End Upsell means a customer pays you (one-time or on a recurring basis) for access to “more” of what they already bought from you. So let me give you an example. Our core business is our Premium Ghostwriting Academy. And our core offer is we help turn burned-out freelance writers into Premium Ghostwriters by putting them through a 12-week curriculum, with 1:1 coaching, as well as group calls with me. And it’s a one-time payment. • A Continuity Offer would mean at the end of the 12 weeks, we say, “Great, you went through the program. Now, if you’d like continued access to the curriculum, that continued access costs $99/mo.” (Or whatever price point you decide.) It’s payment to keep access to the thing you already bought. • A Back-End Upsell would mean selling more coaching, more accountability, and maybe even a new roadmap or curriculum to help them accomplish their next goal. Hearing this delineation was extremely helpful as we think about the best ways to scale our Back-End Upsell Offer after people complete the PGA program. Takeaway #6: "Strategy is how you choose to allocate your limited resources against unlimited options.” This is something I’ve heard Alex Hormozi say probably 50 times at this point. But for some reason, hearing him say it in-person made it click for me in a different way. The entire game of entrepreneurship is a game of who can make the best decisions. Because we all have the same 24 hours in the day. And how you identify “the best decisions” is by thinking deeply about how to allocate the few resources you have (time, energy, attention, money) against the unlimited options in front of you. And in the context of growing your business, the way to make this decision (according to Alex) is to ask: • “How does this get me more customers?” • “And/or how does this make our current customers worth more?” Anything on your list that doesn’t accomplish one of the above is probably the wrong thing to focus on (right now). Takeaway #7: More/Better/New This is one of my favorite Hormozi frameworks. The path to improving anything goes like this: • More: Until volume is the constraint, do more. • Better: Once volume is the constraint, focus on increasing the quality of your volume by doing better. • New: Once quality volume is the constraint, and you can’t do any more, and you can’t do what you’re doing any better, consider doing something new or different. I love the simplicity of this. But here’s a different way of interpreting the above framework (which Alex also articulated in a nice and sticky way): Doing “More” is the least risky thing you can do. If something is already working, there’s almost no risk to doing more of that thing. Doing “Better” has some risk, but also has some incremental reward. “Better” fundamentally means “change,” and as I already noted above, change inherently injects risk. But, some risk, some reward. Which is why “Better” leads to improvement. Doing “New” has the most risk. You’re choosing to do something you haven’t done before with the hypothesis this thing will in some way be more powerful than whatever you were doing before. High risk, high reward. So when trying to figure out what to do, I encourage you to not just use the More/Better/New framework, but also consider the different risk levels associated with each decision. Takeaway #8: CEOs think more like investors and less like managers. This was a brain-breaking moment for me. (And it wasn’t even Alex or Leila who said it. It was their Head of Strategy during her presentation, which was badass.) I’ve been a Founder/CEO-type for 8 years now. I started my first company in 2017, and we just started 2025. And for the past 8 years, I always felt like my responsibility was “manage” people. And while that’s true, I see now how that frame causes your thinking to get sent in the wrong direction. The way great CEOs build companies is they don’t think of themselves as managers. And their job isn’t actually to manage people. Their job is to find subject matter experts, who can run departments, who they can trust, who can successfully manage people. A great CEO is an orchestrator (or in this metaphor, an investor). Something for me to work on. Takeaway #9: How you achieve the goal is irrelevant. Something we’ve been banging our heads against the wall trying to figure out these past few months has been paid ads to grow our business. From September 2024 to January 2025 we probably spent north of $250,000 on paid ads for our business. And we lit most of it on fire (didn’t do much). Another sadface. Then, at the workshop, we talked to Alex a bit after the end of the first day during cocktail hour, and we told him our metrics and how we have been trying to get more customers using this new method (paid ads), and he basically said, “Why? You’re already crushing it on organic. Do more of what’s working.” Quarter-million-dollar mistake we made. Whoopsie. The takeaway here is… how you achieve the goal is irrelevant. We kept thinking we needed paid ads because “that’s what everyone does.” But if you can achieve the same goal (more new customers) doing whatever you’re already doing, more, and then better, just do that. How you get there doesn’t matter. All that matters is that you do. Takeaway #10: Don’t underestimate the value of a “better” team member. Another thing Alex said to us that really hit was: “A $500,000 team member is VERY different than a $50,000 team member. Get comfortable spending more.” And meeting his and Leila’s team, I could see it. I have no idea how much they pay their portfolio team/subject matter experts, but they’re all rockstars. And it completely reset the bar for me of the sort of talent you can bring into your business. This is absolutely a faulty belief/skill deficiency I’ll need to let go of to grow to the next level. I need to get comfortable with the idea that the next department head we hire might be 2x or 3x more than any person I’ve ever hired in the past. Takeaway #11: “The theoretical max of a business is the sum of the knowledge on the team.” Building on the above… I thought this was brilliant. If you’re the founder, and you’re the “smartest” person on the team (aka: you tell other people what to do and how to do it), then the theoretical max of the business is literally your own knowledge. The business will grow to the extent of your own experience/pattern recognition. And the business will stay stuck at the level where your experience/pattern recognition runs out. I thought that was a fascinating way of looking at a business. The takeaway here is: if you want to expand the theoretical max of your business, buy more knowledge. For example: when you hire someone, you aren’t just filling a role. In an idea world, what you’re really buying is that person’s entire life experience. All the problems they’ve already figured out how to solve that you don’t. All the shortcuts they’ve learned about that aren’t even on your radar. You expand the capacity of the business by adding more people who know more than you do. Takeaway #12: Show team members “the gap.” This was a gem from Leila. When a team member in one role wants to move up to a different role, and they aren’t ready or qualified, don’t just say “No.” Instead, show them the gap. How she does this is by taking the job responsibilities list of the different or elevated role and highlighting all the things in red this team member currently isn’t doing or doesn’t have experience doing—so they can “see” the gap. • Here’s where you are right now. • Here’s what you aren’t doing. • Here’s what I would need you to do (or be able to do) in order to consider you for this role. I really liked this exercise because it shows people, if you want more growth potential, here are the exact skills you need to build and demonstrate proficiency in. Takeaway #13: Checklists are more valuable than SOPs. All roads lead back to making-things-actionable. Takeaway #14: “What do you see that I believe about the world that isn’t true?” This is a question Alex asks other smart people, specifically his mentors. Takeaway #15: Anything can be a $100M business. There’s no such thing as too niche. People just give up too early.

@regothetrader @memdotai mem it

UPDATE: BITCOIN DCA JOURNEY It has now been nine months since I've last updated our progress on my personal daily Bitcoin buys. We are approaching the 8 year anniversary of consistently buying Bitcoin every single day, at the same exact time, regardless of the price it trades at. This journey has been met with blood, sweat, and literal tears in certain parts of my life. However, I couldn't be more proud of the progress I am here to share with you today. When a market is not optimistic like it has been, it can be extremely difficult to stand in the face of fears, uncertainty, and doubt. It seems like a never ending money trench that shows no signs of improvement, and it can weigh on you mentally and physically. I've been through the ringer more than anyone, I have seen every pitfall from Quadriga, Covid, all the way to FTX (aside from MT GOX). More black swans than you can possibly imagine. Many times I was tested on my own due diligence and conviction. Regardless, I kept moving forward with what I believed to be a mathematical certainty. I sacrificed going out with my friends to allocate to this belief. I stayed home. I didn't buy a new car. I didn't buy fancy things. I kept it minimal. I budgeted harder than most would at a young age of 22 years old, worked long hours at shitty jobs for 14-16 hour shifts in the beginning. I gave it my all because I finally found something I could believe in. Was it easy? No, it really wasn't. There are many days where all I heard was white noise in my ears, ringing constantly, wondering if I made the right decision. Today, I am able to say that I made the right decision. It took years before this really started to show me I was on to something great. Throughout this entire time, I was told my buys were inefficient, my strategy was not effective, and that I would eventually sell at a loss. Today, we sit in a position that most people and traditional investors would be dumbfounded by. I went against banks, financial advisors, risk management professionals, and so many more people we call 'experts'. I'm here to tell you today, that they were wrong. The truth is, Bitcoin is not a risk, it is a matter of understanding. The more you learn about it, the more obvious it becomes. In the first four years, this wasn't so clear to anyone. Today, it is recognized by every major corporation, nation, and hedge fund manager. It is officially something to be taken seriously. You do not understand how hard it is to go against all of these factors. But one thing I trust more than anything is my own ability to make decisions that are right for me, and my situation. Given the circumstances, this is what I was able to do. Today, my financial situation is much different than when I started out. That is only because of my ever growing passion and fascination with the space we've been given. In the beginning, it was scraping every nickel and dime to get by and make it work. All this to say, here is my progress after nearly 8 years of buying Bitcoin every day, every twelve hours, 15$ at a time. Most of you won't see this as impressive, but it changed my life. Finances were never something my family was strong in. We lived in debt, and my parents were tormented by money every waking day of their lives. I knew something had to change. That's where I followed this plan. While 775K USD is nothing to some, to others, it can be what separates them from a life of hell and a life they can be proud of. This allocation has opened the doors to tons of new opportunities, and provided me with security to take bigger, more appealing risks in my life. Here is me celebrating every buy I've ever made being in profit. In hopes of inspiring some of you out there. Cheers.

@ShaanVP @elonmusk @memdotai mem it

new essay: Elon's Philly Special (@elonmusk) Remember the "Philly Special"? It's was the Superbowl, 2018. Philadelphia Eagles vs. Patriots Philly is the underdog vs. Tom Brady. With 1 minute left before half.. they pulled off what's now known as the "Philly Special":

@ScottOstrin @memdotai mem it

The 9-5 job is a scam. It will be extinct by 2034, according to Reid Hoffman, founder of LinkedIn. As a 57 y.o man who climbed the ladder since my 20s… Here's the harsh truth most employers will never tell you: 🧵

@0x_ale @memdotai mem it

This is Singapore vs Dubai: - Singapore: The billionaire's hub (in flip-flops) - Dubai: The tax-free oasis (in Lamborghinis) - Two paths to freedom I spent 4 years in Dubai, incorporated 2 businesses in Singapore. Here's my breakdown of who should choose which city (and why):

@yasminekho @memdotai mem it

I distilled my 4 years of marketing lessons into minimalistic visuals. 1. Sell Benefits. Not features.

@hosun_chung @memdotai mem it

The man who heals what doctors can't: Carl Jung. Studying his ideas will make you immune to depression. These are his 7 Laws for Finding your Life’s Purpose:

@Codie_Sanchez @memdotai mem it

You want to get rich... build relationships with lawyers. They understand the game. 10 legal terms you need to know in under 3 minutes:

@heykahn @memdotai mem it

10 harsh career truths I know at 29 that I wish I knew at 19:

@Tim_Denning @memdotai mem it

This is Richard Feynman. He made a career out of giving sh*t to PhDs, professors, and intellectuals. His framework can teach you how to learn anything faster and become a learning machine. Here's the framework:

@OneJKMolina @memdotai mem it

How To Resuscitate A Dead Audience (With Products, Not Offers)

@levelsio @memdotai mem it

🏋️ I made a Deadlift ETF with only companies with CEOs that lift weights or do fight sports (not just cardio) It outperforms the S&P500 by 140% or 2.4x over the last 4 years! Lifting weights = $$$

@Thomashornall @memdotai mem it

I’m Scottish. And I’m moving to Norway. 13 Norwegian oddities I can’t wrap my head around:

@joshgessner @memdotai mem it

Navy SEALs are the most elite warriors on Earth. Here's one thing their taught early on... The Backwards Law (how to get what you want by letting go):

@Tim_Denning @memdotai mem it

This is Shaan Puri. Sold his startup for $25M. Then crypto newsletter for ~$10M. Invested $4M into 47 startups. Currently makes $25M/year in eCommerce 13 lessons from the funniest & most outrageous entrepreneur who doesn't give a f*ck: