Chris H,
I am in the age group you are probably looking to target (23, recent college grad [2007], though I have no debt or student loans) if you want to chat about the things that people in “my age group” are concerned about financially.
It’s usually not big stuff (like buying a house), most of my friends are more intersted in how they can make an extra $100 on the side spending money, paying off student loans, advice on credit card debt, etc. But they do tend to not have much money to spend, being at the start of their careers they haven’t had a chance to build up finances yet.
Thank you so much for recording this. I was in math class (investing in myself, as I’m kicking around become a math tutor) and couldn’t see this live. This was great!
Chris –
You might try niching your market down, either by age or by discipline. Kids just graduating college have a hugely different definition of their financial problems than adults swimming in debt. Older adults are likely to go to a CPF; a college student will have no idea what that is.
A couple expecting their first child or buying their first home might be a really good market. They’re super aware of their finances at these times, and may be ready to pay for consulting advice.
Students just out of college won’t listen to debt advice until 2-4 years after graduation, when the real world has finally sunk in (or we’ve run off to grad school).
How about creating a survey (or two or three) targeting either different ages (figuring out what their problem is) or targeting different markets (who’s interested in credit card debt reduction versus saving for a downpayment on a house)? Why do people go to CPFs? Is there something you can do better than a CPF? It sounds like you’ve already started surveying. I think you’ll make your best decision on how to narrow your focus based on survey results.
I was that “personal finances for young adults” guy that Ramit proceeded to rip last night, which was completely justifiable. After thinking about it, I am struggling with a target group. I know people need advice and help with their finances, but I am wondering if I should target an older age bracket.
I am looking for advice because a lot of feedback I have received from close friends so far is that either A) people who have a problem don’t know it and won’t/can’t pay or B) people who need help and are willing to pay will go to a CFP (Certified Financial Planner). These are both valid points, but I still know there are a lot of people, be it college kids just graduating or adults swimming in debt who need help with this topic. If that wasn’t the case, personal finance blogs wouldn’t be so popular and Ramit wouldn’t have such a following.
Any suggestions/advice is much appreciated and if you want to continue to knock my idea to shreds, that’s fine too, I have big shoulders.
I really hope there is a recording or summary as well since the chat as well as the video were spotting if not completely unavailable (video kept dropping and chat always timed out)… The parts I could see were pretty amazing.
Well, I liked the tiny bit I saw…. Now I can’t get either of my computers to connect. :/
Kinda sucks to have the time to see it and not be able to get anything. (So I hope they’re recorded, for those of us who don’t seem to have fast enough internet connections.)
I agree with you KROWW, the video feed is horrible. I’ve been only been able to retrieve the feed sporatically throughout the hour. Initially it was fine.
Well, this is annoying. Video stopped working after the restart and then the chat box disappeared, too. I just see a spinning white circle where video should be.
2. What’s one example of what we talked about today: an entirely me-focused freelance offering?
“I’m a web designer so I’m gonna approach celebrities to design their websites and help them spread memes all over the 2.0 space. Then maybe I’ll be famous…?”
1. Why do so many people focus on their services (supply)…but neglect the market (demand)?
Because they don’t understand their own psychology when they themselves both buy something and, more importantly, reject something. Plus it’s kinda hard to think like that. It requires empathy and a little imagination.
I’m not on on US hours so I was really bummed not be able to catch the webcast…. Please record it and make it available to those of us the other side of the world? Thanks!
I’m on on US hours so I was really bummed not be able to catch the webcast…. Please record it and make it available to those of us the other side of the world? Thanks!
Chris H,
I am in the age group you are probably looking to target (23, recent college grad [2007], though I have no debt or student loans) if you want to chat about the things that people in “my age group” are concerned about financially.
It’s usually not big stuff (like buying a house), most of my friends are more intersted in how they can make an extra $100 on the side spending money, paying off student loans, advice on credit card debt, etc. But they do tend to not have much money to spend, being at the start of their careers they haven’t had a chance to build up finances yet.
Felicity,
Thank you for your response and I will definitely take the comments and put them into action.
Ramit –
Thank you so much for recording this. I was in math class (investing in myself, as I’m kicking around become a math tutor) and couldn’t see this live. This was great!
Chris –
You might try niching your market down, either by age or by discipline. Kids just graduating college have a hugely different definition of their financial problems than adults swimming in debt. Older adults are likely to go to a CPF; a college student will have no idea what that is.
A couple expecting their first child or buying their first home might be a really good market. They’re super aware of their finances at these times, and may be ready to pay for consulting advice.
Students just out of college won’t listen to debt advice until 2-4 years after graduation, when the real world has finally sunk in (or we’ve run off to grad school).
How about creating a survey (or two or three) targeting either different ages (figuring out what their problem is) or targeting different markets (who’s interested in credit card debt reduction versus saving for a downpayment on a house)? Why do people go to CPFs? Is there something you can do better than a CPF? It sounds like you’ve already started surveying. I think you’ll make your best decision on how to narrow your focus based on survey results.
Good luck!
All,
I was that “personal finances for young adults” guy that Ramit proceeded to rip last night, which was completely justifiable. After thinking about it, I am struggling with a target group. I know people need advice and help with their finances, but I am wondering if I should target an older age bracket.
I am looking for advice because a lot of feedback I have received from close friends so far is that either A) people who have a problem don’t know it and won’t/can’t pay or B) people who need help and are willing to pay will go to a CFP (Certified Financial Planner). These are both valid points, but I still know there are a lot of people, be it college kids just graduating or adults swimming in debt who need help with this topic. If that wasn’t the case, personal finance blogs wouldn’t be so popular and Ramit wouldn’t have such a following.
Any suggestions/advice is much appreciated and if you want to continue to knock my idea to shreds, that’s fine too, I have big shoulders.
I also added the notes. Thanks guys — we’re working on making our video presentation a lot smoother.
Hey all, thanks for your patience tonight. All is not lost!
I’ve got the recordings available to watch at the top of the page.
Based on the replies above, I’m sure glad I didn’t get up at 4am local time for nothing…
I really hope there is a recording or summary as well since the chat as well as the video were spotting if not completely unavailable (video kept dropping and chat always timed out)… The parts I could see were pretty amazing.
Here’s hoping the rest of the webcasts go better!
Hmm — please tell me this was recorded. I missed the webcast!
Well, I liked the tiny bit I saw…. Now I can’t get either of my computers to connect. :/
Kinda sucks to have the time to see it and not be able to get anything. (So I hope they’re recorded, for those of us who don’t seem to have fast enough internet connections.)
will you have an archive of this webcast? I got stuck at work.
I agree with you KROWW, the video feed is horrible. I’ve been only been able to retrieve the feed sporatically throughout the hour. Initially it was fine.
Could you upload the vids – Am in Dubai at the moment and missed 20 minutes of beginning…
Thank Ramit
Well, this is annoying. Video stopped working after the restart and then the chat box disappeared, too. I just see a spinning white circle where video should be.
Login problems..
I love your candor, Ramit. People want to know if the cost is relative to their value based on need.
webcast is here: http://earn1k.weebly.com/
hi everyone
Where is the webcast?
Is anyone seeing the webcast
freelance writer
hello
3. How can you apply the principles of today’s lesson to your own freelance idea?
I can’t. I’m broken and alone.
2. What’s one example of what we talked about today: an entirely me-focused freelance offering?
“I’m a web designer so I’m gonna approach celebrities to design their websites and help them spread memes all over the 2.0 space. Then maybe I’ll be famous…?”
1. Why do so many people focus on their services (supply)…but neglect the market (demand)?
Because they don’t understand their own psychology when they themselves both buy something and, more importantly, reject something. Plus it’s kinda hard to think like that. It requires empathy and a little imagination.
The webcast is at 7PM Pacific/10PM Eastern…
I’m not on on US hours so I was really bummed not be able to catch the webcast…. Please record it and make it available to those of us the other side of the world? Thanks!
I’m on on US hours so I was really bummed not be able to catch the webcast…. Please record it and make it available to those of us the other side of the world? Thanks!
Hello?
Bring it.
Where is the webcast