The Internet rewards unique people.
Find your unique combination of skills, interests, and personality traits.
I call this a Personal Monopoly.
Become the only person in the world who does what you do.
Then, tell the world by sharing your knowledge.
Focus on what the world wants too.
Think like an investor.
Find a small and growing market that only a few people write about. Then, learn everything you can about it, and share the best of what you learn.
Personal monopolies aren't found — they're made.
Global markets increase the upside of having a Personal Monopoly, but also make it harder to create one.
The sweet spot is finding an idea that looks specific to others, but still diverse enough to express the many shades of who you are, where you excel, and what you want to achieve.
Like fish in water, we don't know how to explain what we do so we depend on others to define our work for us. Listen to others describe your work. Then, double down on the best summaries.
In Personal Monopoly markets, just like cities, the biggest returns come in areas with increasing demand and restricted supply.
Here's my mini-essay.
"Your personal monopoly is out there, waiting for you, and magic will happen once you discover it. The way to do that is not to worry too much about it and focus on being prolific.” — @m_ashcroft
1) Complementary: Greater than the sum of its parts.
2) Unusual: A combination of skills rarely seen.
3) Experiential: Inspired by unique events in your life.
4) Specific: Niche topic where you have lots of knowledge.
Personal Monopolies are the antidote. Until you differentiate yourself, you’ll be subservient to the iron laws of supply and demand.
https://t.co/uEGXsB5BWl
The career path of a creator has three stages:
— David Perell (@david_perell) January 24, 2021
1) Discovery: Hone your craft and find the idea you want to be known for.
2) Income: Ditch the corporate world and become financially independent.
3) Equity: Get ownership in a business that\u2019ll grow without your daily involvement.
We spoke about:
∙ Communicating your Personal Monopoly
∙ Validating demand
∙ Lessons from @anafabrega11
∙ The DICE framework
∙ Becoming a citizen of the Internet
https://t.co/qmc31YEzSs
More from All
You May Also Like
There is co-ordination across the far right in Ireland now to stir both left and right in the hopes of creating a race war. Think critically! Fascists see the tragic killing of #georgenkencho, the grief of his community and pending investigation as a flashpoint for action.
Across Telegram, Twitter and Facebook disinformation is being peddled on the back of these tragic events. From false photographs to the tactics ofwhite supremacy, the far right is clumsily trying to drive hate against minority groups and figureheads.
Be aware, the images the #farright are sharing in the hopes of starting a race war, are not of the SPAR employee that was punched. They\u2019re older photos of a Everton fan. Be aware of the information you\u2019re sharing and that it may be false. Always #factcheck #GeorgeNkencho pic.twitter.com/4c9w4CMk5h
— antifa.drone (@antifa_drone) December 31, 2020
Declan Ganley’s Burkean group and the incel wing of National Party (Gearóid Murphy, Mick O’Keeffe & Co.) as well as all the usuals are concerted in their efforts to demonstrate their white supremacist cred. The quiet parts are today being said out loud.
There is a concerted effort in far-right Telegram groups to try and incite violence on street by targetting people for racist online abuse following the killing of George Nkencho
— Mark Malone (@soundmigration) January 1, 2021
This follows on and is part of a misinformation campaign to polarise communities at this time.
The best thing you can do is challenge disinformation and report posts where engagement isn’t appropriate. Many of these are blatantly racist posts designed to drive recruitment to NP and other Nationalist groups. By all means protest but stay safe.