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Nicolas Cole27 June 2024

How to Make $10k/Month as a Writer - Nicolas Cole

8Frameworks
14Insights

Episode overview

Ali Abdaal and Nicolas Cole argue that the fastest route to meaningful writing income is selling a high-value service to one well-funded client, rather than first building a huge audience or selling low-priced products at volume. Cole explains how to identify an existing information advantage, exhaust warm leads, educate prospects about costly problems, and use carefully chosen free work to build confidence, credibility, and pattern recognition. They also explore hybrid service-and-product businesses, an enterprise video-agency concept, traditional versus self-publishing, and the creation and positioning of Feel-Good Productivity.

Key ideas

  • A service sold to one affluent client can replace a salary faster than low-priced books or courses that require substantial sales volume.
  • Start with an information advantage: knowledge taken for granted in one profession can be valuable to businesses and executives in that field.
  • A beginner's niche is their network; build a list of 50 warm leads and connectors before relying on cold outreach.
  • Free work can function as a marketing investment that produces experience, confidence, credibility, examples, and introductions.
  • Effective selling feels like education: diagnose a prospect's problem, explain its consequences, then present a concrete solution and outcome.
  • Do not automate outreach with AI before learning the process manually; personalized, well-researched messages distinguish themselves from generic pitches.
  • Hybrid agencies can combine profitable digital products with services, using educational products to create qualified service clients.
  • For creators with an established audience and a long time horizon, self-publishing can outperform an advance because the creator retains more ownership and royalties.

Transcript available · source text is retained privately and is not published

Frameworks in this episode

People & resources mentioned

Attributed to the moment in the episode. Timestamps are approximate.

People · 20

  • Nicolas ColeMentionsyou teach people how to make money as ghost writers

    what you're about to hear is a conversation between me and my friend Nicholas Cole

  • Nicolas ColeMentionsyou teach people how to make money as ghost writers

    you teach people how to make money as ghost writers

  • Ali AbdaalMentionsthe ongoing podcast where every week I get the chance to sit down with inspiring authors, entrepreneurs, creators, and other inspiring people.

    you today like you know Ali this world we now 5 million plus YouTube subscribers productivity expert

  • Brandon SandersonMentionsmentioned

    have you have you read the mistborn series by Brandon Sanderson

  • Cole GordonMentionsmentioned

    when I saw you a video about the cold Gordon Mastermind

  • Cal NewportMentionskind of like C newort around you know technology and addiction

    we were waiting for Cal Newport to show up

  • Dickie BushMentionsmentioned

    something Dicky and I talk about all the time is what's the Tipping Point

  • Paul MillerdMentionsended up breaking into strategy Consulting for like nine years loved my time working in that industry

    I like the freedom that Paul Millard has making like 400 Grand already from his book sales of the pathless path

  • David GogginsMentionsmentioned

    that sort of stuff doesn't really happen if you're self-published unless you become like a David gogin

  • David MoldowMentionsmentioned

    there was this guy David moldow who was super helpful

  • Shawn AchorMentionsmentioned

    there was the The Happiness Advantage by Shan Aker

  • Vex KingMentionsmentioned

    there's a book called Good Vibes Good Life by Vex King

  • Ali AbdaalCoinedthe ongoing podcast where every week I get the chance to sit down with inspiring authors, entrepreneurs, creators, and other inspiring people.

    I think I've got a title I think it's feel good productivity

  • Ryan HolidayMentionsfor me that's writing like writing the books is the main thing

    Ryan holiday equal stoicism kind of thing

  • Al RiesMentionsmentioned

    called positioning you ever read that book positioning I've read it ages ago but I need to by Al R Al re and Jack trout

  • Ryan HolidayMentionsfor me that's writing like writing the books is the main thing

    no one has really executed this better from a categorical lens as Ryan holiday with stoicism

  • Mark MansonMentionsmentioned

    Mark Manson's book was a blog post expanded

  • Daniel PinkMentionsmentioned

    comparing my shitty first drafts to like Dan Pink's final draft

  • MrBeastMentionsmentioned

    it's not like a Mr Beast levels of YouTube channel

  • Cal NewportMentionskind of like C newort around you know technology and addiction

    a big part of what Cal talks about in slow productivity

Resources · 53

  • National Health ServiceMentionscompany

    I've been working two years as a doctor hi young Ali in the in the UK's National Health Service

  • Ghostwriting AcademyMentionscourse · Nicolas Cole

    I see it in our ghost Writing Academy all the time too we we train ghost writers

  • World of Warcraft: The Burning CrusadeUsessoftware · Blizzard Entertainment

    there's the area ghostlands in the burning Crusade where I remember when I've uh I I started playing during during burning Crusade

  • World of WarcraftUsessoftware · Blizzard Entertainment

    I started playing during during burning Crusade and I had like a level 14 Warlock

  • AuctioneerUsessoftware

    started finding a way to use Auctioneer and prospecting and Jewel crafting and all that

  • The Final EmpireRecommendsbook · Brandon Sanderson

    final Empire Bron Sanderson

  • MistbornMentionsbook · Brandon Sanderson

    have you have you read the mistborn series by Brandon Sanderson

  • The Wolf of Wall StreetMentionsfilm · Martin Scorsese

    It's Like the Wolf of Wall Street series we got to bump those numbers up those are rookie numbers in this racket

  • Deep Dive with Ali AbdaalMentionspodcast · Ali Abdaal

    this episode of Deep dive is brought to you by brilliant

  • BrilliantRecommendswebsite

    brilliant is an amazing Learning Resource that allows you to level up your skills and your knowledge

  • BrilliantUseswebsite

    thanks to the courses on brilliant I've been able to satisfy that Curiosity

  • Thinking in CodeRecommendscourse · Brilliant

    they've also got a really good course called thinking in code

  • ChatGPTMentionssoftware · OpenAI

    which helps you understand a little bit more about how things like chat GPT work

  • Data Analysis FundamentalsRecommendscourse · Brilliant

    data analysis fundamentals teaches you to draw fascinating conclusions from the data that you're given

  • HostingerRecommendscompany

    if you're looking to start a business or develop your personal brand in 2024 and you're going to need a website

  • HostingerUsescompany

    we've recently moved our website over to hostinger to host my personal website

  • LinkedInUseswebsite

    the best way to move them to an email list is not to say come join my newsletter

  • LinkedInMentionswebsite

    who could possibly want to pay me five grand a month to help grow their LinkedIn presence

  • FiverrMentionswebsite

    another big mistake most people will go apply for a job on upor or Fiverr

  • UpworkMentionswebsite

    another big mistake most people will go apply for a job on upor or Fiverr

  • LoomRecommendssoftware

    something we talk about in PGA all the time is actually sending looms so you're sending a loom to personalize it more

  • Productivity LabMentionscourse · Ali Abdaal

    she's our community manager for productivity lab

  • YouTuber AcademyUsescourse · Ali Abdaal and team

    when she moved to London like three years ago she joined our YouTuber Academy

  • Ship 30 for 30Mentionscourse · Nicolas Cole and Dickie Bush

    I knew that they had purchased ship 30 my likelihood of Reading and Responding to that email

  • ChatGPTMentionssoftware · OpenAI

    what are your thoughts on um using chat GPT to automate some of this Outreach

  • Hey FriendsCoinedcompany · Ali Abdaal and partners

    we found that with hey friends which is the agency that we started in partnership with um Hunter Hammond and Blom

  • SpotifyMentionscompany

    I think of it like the podcast deals that Spotify did

  • HubSpotMentionscompany

    a company like HubSpot should really you know the HubSpot are a bit more modern so they are sort of doing it

  • MacmillanMentionscompany

    we start with our existing Network we reach out to for example penguin or McMillan

  • CrunchbaseRecommendswebsite

    do you know the site crunch base yeah okay so crunch Bas publishes you know companies that just raised any amount of money

  • The Espresso HourRecommendspodcast · Nicolas Cole and Dickie Bush

    I've been an aid listener of the espresso hour really which is a great podcast

  • Horizon Forbidden WestUsessoftware · Guerrilla Games

    I'm playing Horizon forbidden West on PS5 at the moment

  • Feel-Good ProductivityRecommendsbook · Ali Abdaal

    it is way better written than I thought it was going to be

  • PenguinMentionscompany

    the fact that it's orally published with penguin

  • PenguinUsescompany

    the in-house penguin designer made the front cover

  • The Pathless PathMentionsbook · Paul Millerd

    Paul Millard has making like 400 Grand already from his book sales of the pathless path

  • The Art and Business of Online WritingMentionsbook · Nicolas Cole

    the Korean rights for art and business of online writing which is self-published

  • SkillshareUseswebsite

    the productivity equation which was modeled off of a skillshare class that I did

  • The Happiness AdvantageUsesbook · Shawn Achor

    there was the The Happiness Advantage by Shan Aker like which is the idea that you know success comes from happiness

  • Feel-Good ProductivityCoinedbook · Ali Abdaal

    I think I've got a title I think it's feel good productivity

  • Good Vibes, Good LifeMentionsbook · Vex King

    there's a book called Good Vibes Good Life by Vex King

  • Slow ProductivityMentionsbook · Cal Newport

    like slow productivity K Port defining a category exactly

  • PositioningRecommendsbook · Al Ries and Jack Trout

    called positioning you ever read that book positioning

  • GoogleMentionswebsite · Google

    they bring it over to social call it Google Plus and it doesn't go anywhere

  • Atomic HabitsMentionsbook · James Clear

    because Atomic habits is just blog post expanded

  • The Art and Business of Online WritingCoinedbook · Nicolas Cole

    when I wrote I wrote that book in 2020

  • AmazonUsescompany · Jeff Bezos

    every month on Amazon nice and I sell like 20% of them through my own website

  • GoodreadsMentionswebsite

    strangers can then review it on Amazon and Goodreads publicly

  • AmazonMentionscompany · Jeff Bezos

    strangers can then review it on Amazon and Goodreads publicly

  • ScrivenerUsessoftware · Literature & Latte

    let me bring up all those tabs on freaking zoto and scrier that I have

  • ZoteroUsessoftware · Corporation for Digital Scholarship

    let me bring up all those tabs on freaking zoto and scrier that I have

  • Ship 30 for 30Mentionscourse · Nicolas Cole and Dickie Bush

    that's countered to everything we talk about in ship 30

  • Slow ProductivityMentionsbook · Cal Newport

    a big part of what Cal talks about in slow productivity

Spot an error or want something removed? Request a correction or removal.

Insights & moments

The myth-busts, hot takes, explainers, and tools worth keeping.

Myth Buster· 1

Myth Buster1:23:30

What a publisher actually does (and doesn't) for you

After 3,000 hours studying publishing contracts, Cole strips down what a publisher really provides: access to the New York Times list game, award eligibility, and bulk foreign translation deals. What they don't reliably do is get you into most bookstores or drive the sales, your own audience does that. Editors and cover designers can be hired freelance without a deal.

  • The publisher unlocks the NYT list, but your audience drives the sales
  • You can't win major literary awards without a big-five gatekeeper
  • Bulk translation deals (36 languages) are the genuine hard-to-replicate value
  • In-house editors and designers often freelance; you can hire them directly
  • A book deal doesn't get you into every bookstore; reps sell your marketing ability

the publisher unlocked the ability to be on the list but it was really our audience that drove the sales

Ali Abdaal · 1:25:30

when you really list them out the publisher really isn't doing that much what they're doing is they are giving you the ability to play…

Nicolas Cole · 1:23:30
#publishing#myths#bookstores#translation

Hot Take· 3

Hot Take12:30

Spending money on yourself is a skill you have to build

Cole argues that investing in yourself is a learnable skill, and many entrepreneurs who make a lot still spend as if they were broke, driving a Prius and keeping the small apartment. That thrift can hold you back because you never build the muscle of trusting yourself to spend big for an ROI, like the $68K mastermind he and his co-founder joined.

  • People who make a lot often keep broke-person spending habits
  • Not lavish spending, but building the skill of investing in yourself
  • Cole joined a $68,000 mastermind and got the value on day one
  • Ali's realization that to an entrepreneur there's no difference between $1,200 and $5,000 on business spend

spending money and investing money in yourself is a skill

Nicolas Cole · 12:30

to Ali abdal there is no difference between $1200 and $5,000

Ali Abdaal · 13:30
#money-mindset#investing-in-yourself#entrepreneurship
Hot Take49:30

Why ChatGPT-generated outreach gets instantly archived

Both note they can immediately tell when a cold email was copy-pasted from ChatGPT, the tone is off and it gets archived on sight. Cole reads every cold pitch he gets (20-50 a day) and ignores 99%, not because they're cold but because they don't educate him or do the work. The AI misunderstanding is that people try to automate a process they've never done.

  • You can tell when someone is purely copy-pasting AI output
  • Cole reads every cold DM/email but ignores 99% for being unhelpful, not for being cold
  • No medium is dead; they all work for people who do the work
  • Doing the work by hand is itself what makes you stand out

the reason I don't respond to 99% isn't because I don't know who the person is it's not because it's cold it's because their message…

Nicolas Cole · 52:30

none of those mediums are dead period and they all work for people who do the work

Nicolas Cole · 53:00
#ai#cold-outreach#chatgpt#authenticity
Hot Take1:43:30

Grow the category, not yourself, like Ryan Holiday did with stoicism

Cole corrects the trend of everyone declaring themselves 'the productivity guy' or 'the writing guy'. The goal isn't to grow your personal association; it's to grow the category itself and become the person most associated with it. Ryan Holiday evangelizes stoicism rather than branding himself, so association follows. Ali should own 'Feel-Good Productivity' as the mega-category.

  • Don't try to be 'the [category] guy'; grow the category and be part of it
  • Ryan Holiday evangelizes stoicism, so he's associated with it by default
  • Ali's mega-category is Feel-Good Productivity, not productivity
  • Plant the flag, then build sub-categories and a library under it

the goal is actually not how do I grow the category of I'm the productivity guy the goal is how do I grow the category…

Nicolas Cole · 1:43:30
#positioning#personal-brand#category-creation#strategy

Explainer· 3

Explainer14:30

Business is a video game: learning to deploy resources at level 80

Cole and Ali use World of Warcraft as an extended metaphor for entrepreneurship. When you're broke at 'level one', 14 silver feels enormous and you can't fathom how others deploy resources; as you level up you learn to deploy resource more effectively, spending 18,000 gold without blinking. Bigger businesses simply think on a different level.

  • A video game is just the deployment of resources to an end
  • With no resource you can't understand how others deploy resource
  • Higher-level quests pay far more, mirroring higher-level business deals
  • This is why surrounding yourself with people building bigger things matters

a video game is just the deployment of resources to an end

Nicolas Cole · 14:30

you can't fathom or understand how other people are deploying resource when you don't have resource

Nicolas Cole · 15:00
#mindset#resource-deployment#growth#metaphor
Explainer57:30

Done-for-you video agency: brand around a category, not a person

Ali floats a business idea for a done-for-you talking-head video agency for companies. Cole warns against building around one on-camera person, who can outgrow the deal or leave, and instead advises framing the channel around a category of idea (e.g. 'fintech advice') staffed by three contractors, and giving clients rigid video 'formulas' up front to cut subjective edits.

  • One talent creates leverage risk: they can leave or renegotiate
  • Frame the channel around a category of idea, not a personality
  • Hire three contractors so no single person is the brand
  • Pre-define video types and rules to reduce '10 cooks in the kitchen' edits

I would actually frame the channel not around a person but around a category of idea

Nicolas Cole · 58:30

you basically give them the rules for the formula up front... which reduces the amount of subjective decision making

Nicolas Cole · 59:30
#agency#video#business-idea#systems
Explainer1:27:00

Own your library: the royalty math of self-publishing

Cole makes the case that authors with an audience should own their library rather than sell 90% of it for an advance. He walks the napkin math: a 10% royalty on a big advance versus 0 advance at ~100% royalty. If you drive the sales anyway, higher royalties outpace the advance over years, and you can give books away and bundle the process into a digital product.

  • Most authors never earn a royalty beyond the advance they must pay off
  • An advance isn't free money; it's recouped from your royalties first
  • If you drive sales, majority ownership beats a 10% cut over time
  • Cole made ~$250K self-publishing 'The Art and Business of Online Writing'

if you actually enjoy writing and you want to build a library well you should own the majority of your library

Nicolas Cole · 1:28:00

the Publishers convince writers that there's no money in books which is why the writers all go sure you want to take 90% of my…

Nicolas Cole · 1:28:00
#publishing#self-publishing#royalties#ownership

Story· 3

Story10:00

The $10K white paper: businesses value money completely differently

Cole tells how, at 27, he mustered the courage to charge $10K to ghostwrite a crypto white paper, only for the client to say he was prepared to pay three times that. The lesson: businesses and affluent buyers value money in an entirely different way than individuals, and most freelancers chronically undercharge.

  • Cole started at $25-50 per article and slowly realized he was undercharging
  • The client 'was prepared to pay three times' the $10K quote
  • $5-10K is nothing to a funded business but a fortune to a consumer
  • Ghostwriters in his Academy often can't get the words 'five grand' out of their mouth

I just want you to know that I was prepared to pay three times that but you already said the number

Nicolas Cole · 10:30

I walked away from that meeting going I have no idea how to value my value

Nicolas Cole · 11:00
#pricing#confidence#sales#freelancing
Story1:31:30

How 'Feel-Good Productivity' got its title in the shower

Ali recounts the winding path to his title: from 'The Productivity Equation' (editors said it stinks), through advisor David Moldow pushing him to 'you find a way to make everything fun', to research on Shawn Achor's Happiness Advantage and broaden-and-build theory that positive emotions drive productivity. The name finally clicked in the shower as 'Feel-Good Productivity', the first of ~5,000 tested titles that landed.

  • 'The Productivity Equation' was rejected as boring and unsellable
  • David Moldow reframed it around 'making everything fun'
  • Research on positive emotions and broaden-and-build theory anchored the thesis
  • The final title arrived in the shower and beat 5,000 tested alternatives

if you had to boil it down to one thing... what's the one thing and I was like oh I just find a way to…

Ali Abdaal · 1:33:00
#writing#book-titles#creative-process#research
Story1:55:00

Overcoming the inner critic while writing a first book

Ali is candid about the imposter syndrome that hit hardest when writing a book, far more than YouTube, because a book publicly claims your ideas are valuable and invites Amazon and Goodreads ratings. He got over the line with a writing coach, an external editor (Rachel) and agent (Kate) for emotional support, and by returning to his own advice: making the process fun.

  • A book feels riskier than YouTube because it's rated and reviewed publicly
  • He compared his shitty first drafts to others' polished final drafts
  • A coach, external editor, and agent provided reassurance you can hire
  • He unblocked by making writing fun, walking pads, coffee shops, team retreats

whenever I would really struggle with the book it's because I flipped into treating it with too much seriousness

Ali Abdaal · 1:58:00
#imposter-syndrome#writing#mindset#process

Tool· 1

Tool51:30

The Coffee Shop Test: would you say this email out loud?

Cole's default gut-check for any cold message: imagine sitting across from the recipient at a coffee shop and saying the email out loud. If you'd laugh or couldn't say it with a straight face, it's a problem and a sign you haven't done the work. Good messages read like something you'd genuinely say to a person you respect.

  • Imagine reading your email aloud to the person at a 3pm coffee
  • If you couldn't say it with a straight face, don't send it
  • It's a fast filter for whether you actually did the work
  • Applies to DMs, emails, and any cold outreach

my my default is the coffee shop test if you sat down in front of that person at a coffee shop... and you said what…

Nicolas Cole · 51:30
#outreach#copywriting#gut-check#email

Takeaway· 3

Takeaway46:30

Growth hack: become a customer to get into someone's orbit

Cole shares a simple way to get noticed by influential people: buy their product. If someone pitches him and he sees they bought Ship 30, his likelihood of reading and responding is 10x higher. Ali agrees, he always reads emails that open with 'I was part of YouTuber Academy cohort 3' or that reference having read his book.

  • Pay $97-150 for a creator's product to enter their orbit
  • Being a customer makes them exponentially more likely to listen
  • Referencing that you read someone's book multiplies reply rates
  • It signals you did your homework and share their world

if someone wanted to be in your orbit there's actually a really easy way to be in your orbit it's called be a customer

Nicolas Cole · 46:30
#networking#growth-hack#outreach#relationships
Takeaway1:39:00

Start with the title, then write the content

A core lesson from Cole's writing programs: if you start with the title, it dictates all the content; if you start with the content and retrofit a title, it's an impossible nightmare. Ali confirms it from experience, because 'Feel-Good Productivity' arrived two and a half years in, the book's second half lacks the strong through-line the first half has.

  • The title dictates the stories, research, and advice you include
  • Retrofitting a title onto finished content requires messy sleight of hand
  • Ali's first half has a strong through-line; the late-arriving title left the second weaker
  • Spend a disproportionate amount of time on the title first

if you start with the title the title is what dictates all of the content but if you start with the content and try and…

Nicolas Cole · 1:39:00
#writing#titles#process#positioning
Takeaway1:59:00

Intense sprints beat 30 minutes a day for writing a book

Ali found his most productive book-writing came from full-day and week-long immersion, not the conventional 'write 3 hours a day' advice, because the startup cost of reloading a complex project into your head each day kills momentum. Cole agrees immersion wins when juggling many projects, echoing Cal Newport's point about the administrative overhead of parallel work.

  • 30 minutes a day never gained traction; rebooting the project ate the time
  • Full days and week-long sprints produced the real progress
  • Immersion beats daily dabbling when juggling many projects
  • Editing, unlike drafting, is better in small drips to see it with fresh eyes

especially when you're juggling so many different types of Pursuits or projects immersion is almost always better

Nicolas Cole · 2:00:30
#productivity#writing#deep-work#sprints