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Why I Quit The Job That Paid Me $1,450 An Hour

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Why I Quit The Job That Paid Me $1,450 An Hour

Courtesy of Laura Belgray

Just because people want something from you doesn’t mean you have to do it, says author Laura Belgray.

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By the time I retired my one-on-one copywriting services, I was charging $1,450 per hour. 

You read that right.

It was the 10th year of my business, Talking Shrimp. When I started it, in 2009, I was aiming to get more clients for the kind of writing I did back then, which was TV promos. I scripted spots for networks like Nick at Nite, TV Land, Bravo, NBC, HBO, and more, driving viewers to tune in for their shows.

Because I had a toe in the online-entrepreneur world, I also started attracting a different kind of client, which gradually became my bread and butter: small-business owners, service providers, and assorted solopreneurs who needed help with their own copy. I helped write their websites, their social media posts, their marketing emails…anywhere they used words to sell their products or services.

I raised my prices regularly, from my starting price of $250/hour, to $500, to $750, to $950. I gritted my teeth each time, bracing for bookings to drop off, and yet I continued getting clients. I enjoyed the sessions with them, and loved the results. “My new copy is getting me more bookings,” I’d  hear. Or, “It’s so great to send people to my website now that it actually sounds like me.” 

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There was one hitch, though, and I’m very aware this is a luxury problem: After a while, I no longer liked having so many appointments on the calendar. 

For several years, I got excited every time a booking email came into my inbox. It was like the ding of a service bell on the counter, if I had an actual (old-timey) shop. Yay, a customer!

But by the late 2010s, though I was grateful for the business, I was feeling drained. 

I wanted to open my iCal and see nothing but blank space. I wanted more time to do the kind of writing I loved most, which was my own stories, in my own voice, in the form of emails to my list (and, if I could ever get my act together, in the form of a book). 

I started limiting appointments to Tuesdays, Wednesdays, and Thursdays so I’d have that freedom on Mondays and Fridays. Those two days, if I could help it, remained absolutely blank. My client appointments were more batched together, so I’d have the same number of them per week but across fewer days.

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I loved my no-client Mondays and Fridays so much, and felt so creative and productive during them, I thought, “Hmm. What if I also took Tuesdays and Thursdays off the table?” 

I also raised the price of an hour one last time, from $950 to $1,450. If I’d wanted to stay fully booked, this price hike would have been a bigger risk. The truth was, I was half-hoping my new price would deter most clients from signing up. If they did sign up at $1,450/hour, I felt, the income would be well worth having their appointment on the calendar. 

Lo and behold, clients continued to book me at that eye-watering rate—until I admitted to myself I didn’t want to do client work anymore at all. Not even for my favorite, most fun-to-work-with clients. 

I wanted to spend every day I could lost in my writing, without looking at the clock or anticipating a meeting time. 

I fantasized: What would it feel like to say, “I’m sorry, I no longer offer copywriting services”? Just thinking about it brought a wave of relief. Freedom — that’s what it would feel like. The question was, could I pull it off financially? 

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I had already created some income streams from more scalable offers, meaning offers that serve multiple (and, sometimes, unlimited) people at once. They included: 

Downloadable copywriting mini-courses, available year-round on my site; 

A high-ticket mastermind/group-mentoring program called Shrimp Club; 

A comprehensive, flagship copywriting course, The Copy Cure, with my partner, Marie Forleo. 

I had yet to create my signature email copywriting courses, which now bring in a sizable percentage of my income, but the trainings I already offered and collaborated on provided enough of a financial cushion that I felt comfortable “retiring” as a copywriter.

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In 2019, I went for it. 

When I made this commitment to myself, I was in the process of rebranding my website. To make my retirement official, I removed all the copywriting services from my “Work With Me” page. 

(I actually went a step further, and linked to the old page so my website visitors could check it out as a model for creating their own services page.)

I’d learned a lesson: If you don’t want to offer something, don’t put it on the menu. 

And so, in restaurant parlance for when you’ve run out of an item, I used my new website to make the announcement: “86 copywriting!”

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This big, public declaration of “I’m done”— of walking away from the work I was best known and sought-out for — felt risky, but I had a feeling I’d be happy with it. My hope was that I’d get to: 

  • Serve people (and more of them) in new ways, 
  • Feel more creative and self expressed in my work,
  • Feel more spacious in my life,

    And, most of all,
  • Replace the income I’d been making from client work, and then some…

…And never look back.

That’s what happened. Retiring from 1:1 client work freed up the time and mental bandwidth to focus on: 

  • Adding to my income by creating new offers (the aforementioned Inbox Hero and Launch Hero)
  • Marketing those through my emails and social media
  • Building my audience through media (podcasts interviews, speaking on stages, guest posts like this one!)
  • Writing my first book, Tough Titties (June, 2023 via Hachette) — a lifelong dream. 

Yes, I’ve had to say no to would-be copywriting clients and refer them elsewhere. It’s never been easy for me to turn down good people or good money. But this pivot played out exactly as I’d hoped.

Should you make a similar shift in your business? Should you give up a service or offer that’s lucrative, in high demand, or both? 

If it’s just because you feel pressure to “level up,” but you love what you’re doing and earn enough for your lifestyle, shut out the voices and stay the course. 

If, however, you relish the idea of saying “I don’t do that anymore” and switching to a new way of serving your clientele, here are my best tips to pivot:

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Don’t advertise what you don’t want to do or sell. 

If you no longer want to serve ice cream, and are tired of people coming in and asking for ice cream, take down the sign that says “Ice Cream.” 

Remember: Just because you’re great at something and people want it from you doesn’t mean you have to say yes.

Sometimes, if you can’t handle disappointing others, the one you end up letting down is yourself. Over and over.

Build an audience and engage with them regularly.

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I would never have been able to make this pivot if I hadn’t built a list of engaged email subscribers and consistently connected with them on such a personal level, they were ready to buy the next thing I offered. 

And no, I never looked back. Maybe you won’t, either. I’ll be rooting for you.

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BIT

․bit Raises $13M To Build Cross-Chain Decentralized Identity Protocol

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․bit Raises $13M To Build Cross-Chain Decentralized Identity Protocol

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.bit (did.id) has raised $13 million to build a cross-chain decentralized identity protocol. The Series A round, completed one year after the startup’s launch, was from CMB International, HashKey Capital, QingSong Fund, GSR Ventures, GGV Capital, and SNZ.

.bit’s open-source blockchain protocol will provide permissionless decentralized identification for individual users and DAOs. Over the past 12 months, the project’s user and developer communities have experienced strong growth. Almost 100 mainstream wallets and dApps have already integrated with .bit and more than 38k independent addresses have registered for more than 110k .bit accounts.

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In the web2 era, social profiles are stored on centralized databases by tech giants who can revoke access or alter data at will. Accounts may be blocked or deactivated at any time, leading to censorship and deplatforming. Utilizing web3 technology, .bit will empower individuals to truly own and control their data. Users will enjoy identity sovereignty, both as private persons and as corporate entities.

Initial applications for .bit’s decentralized identity protocol include Cryptocurrency transfer, decentralized domain resolution, personal profile display, etc. It is expected that .bit will eventually be used as membership and credential management for DAOs, brands and IPs, celebrities and fans, clubs and communities.

Further use cases for .bit’s decentralized identity product include supporting the one billion citizens who lack legal identification. This makes it impossible for them to prove their identity, obtain basic government benefits or healthcare, enroll in education, or exercise their right to vote.

As a cross-chain solution, .bit has supported Ethereum, Tron, Binance Smart Chain, Nervos CKB, and Polygon. In the future, .bit will cover all mainstream public chains such as Bitcoin, Dogecoin, Polkadot, Solana, etc., as well as software and hardware devices that support asymmetric encryption algorithms.

Forthcoming features under development also include NameDAO, which will assign a portion of .bit protocol’s revenue to DAOs and sub-accounts that will be issued to DAO members, brand adopters, and loyal supporters to strengthen web3 communities, and further lower the threshold for registering accounts, 4-9 digits account available to 100% and open up 3 digits accounts, which will announce the specific rules on the official Twitter very soon.

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About .bit

.bit is a cross-chain decentralized identity protocol launched in July 2021. It has boasts over 110k accounts and integrated with 100+ wallets and dApps such as Trust Wallet, Torus, TokenPocket, imToken, iToken, BitKeep, AlphaWallet, HyperPay, MathWallet, WePiggy, NFTSCan, NFTGO, Relation, ShowMe, UneMeta, Dtools, Evolution Land, UniPass, Mail3, Link3, Quest3, 0xEcho, Transit Swap, 5Degrees, cc0.network, COCH, SeekDID, DASLA, SuperDID and many others. The startup comprises a small team of ten spread across the U.S., China, and Singapore, led by Tim Yoeh, Specer Shaw, Jeff Jin, Kyle Wright, who were colleagues at Tencent. Most of .bit’s members have extensive experience in the Web3 industry.

For more information, find .bit online:

Website: https://did.id
Twitter: @dotbitHQ
Discord: https://discord.gg/did
GitHub: https://github.com/dotbitHQ
Team Blog: https://blog.did.id
Forum: https://talk.did.id
Medium: https://medium.com/@dotbit
NameDAO Website: https://namedao.xyz


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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Analysis

Biggest Movers: SHIB Remains Near 3-Month High, Whilst LEO Hits 2-Week High 

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Biggest Movers: SHIB Remains Near 3-Month High, Whilst LEO Hits 2-Week High 

Shiba inu remained close to a three-month high to start the week, after breaking out of a key resistance level over the weekend. The surge of the meme coin came despite the crypto market mostly being in the red on Monday. Another token that rose during today’s bearish session was unus sed leo, which hit a two-week high.

Shiba inu (SHIB)

Shiba inu (SHIB) was a notable gainer to start the week, as the meme coin remained near to a three-month high.

Following an intraday high of $0.00001790 on Sunday, SHIB/USD rallied to a peak of $0.00001774 earlier in today’s session.

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The initial surge came as SHIB broke out of a key price ceiling of $0.00001290, which had been holding firm since May 11.

SHIB/USD – Daily Chart

Looking at the chart, this came as the 14-day relative strength index (RSI) rose above its own resistance at 62.40.

After surging above this point, the index hit a high of 83.24, which is its strongest reading since October 2021.

Since this peak, the RSI has moved marginally lower, and as of writing is tracking at a point of 74.18.

Overall, it appears as if SHIB bulls have abandoned their previous positions, as a result of prices becoming overbought.

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Unus Sed Leo (LEO)

In addition to SHIB, unus sed leo (LEO) was another big mover in today’s session, with it climbing to its highest point in two weeks.

LEO/USD raced to an intraday high of $5.35 to start this week’s session, as bulls attempted to break a resistance level of $5.40.

Today’s peak comes as the token rose for a fifth consecutive session, and in turn hit its highest point since July 29.

LEO/USD – Daily Chart

Similar to shiba inu earlier, the RSI indicator on LEO also climbed, moving past its own ceiling of 48.90.

As of writing, the index is now tracking at a peak of 58.72, which is its highest level since July 7.

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Should bulls attempt to break the $5.40 point, then price strength will need to continue to climb, and move beyond the 60 mark.

Register your email here to get weekly price analysis updates sent to your inbox:

Will today’s bearish session extend into the remainder of the week? Let us know your thoughts in the comments.

Eliman Dambell

Eliman brings a eclectic point of view to market analysis, having worked as a brokerage director, retail trading educator, and market commentator in Crypto, Stocks and FX.

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Image Credits: Shutterstock, Pixabay, Wiki Commons, Dennis Diatel / Shutterstock.com

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Brazil

President Of Central Bank Of Brazil Disagrees With ‘Heavy Hand’ Regulations For Cryptocurrencies

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President Of Central Bank Of Brazil Disagrees With ‘Heavy Hand’ Regulations For Cryptocurrencies

The president of the Central Bank of Brazil, Roberto Campos Neto, has defended the use of more moderate regulations in the crypto environment. Campos Neto stated that while regulation is indeed necessary, it has to be done in a way that doesn’t stop innovation. He also explained his goal is to connect the digital with the regulated world.

Central Bank of Brazil President Criticizes Harsh Approach to Crypto Regulation

Central banks of several nations around the world are starting to establish their stances when it comes to cryptocurrencies and central bank digital currencies (CBDCs). At “The regulation of cryptocurrencies in Brazil and in the world,” a debate event, the president of the Central Bank of Brazil, Roberto Campos Neto, presented his thoughts about cryptocurrency regulation.

According to Campos Neto, regulation of these instruments should be made in a way that allows for innovation and growth of investments in cryptocurrencies. He stated:

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In general, central bankers want to regulate with a heavy hand. I understand, but I don’t agree. Maybe it’s a mistake to regulate like that … We shouldn’t leave behind the technological advances that will come with this.

Furthermore, Campos Neto detailed that one of his goals is to integrate the digital and the regulatory world, in a different way from what other central banks are doing.

Similar Opinions

The president of the Brazilian Securities and Values Commission (CVM), João Pedro Nascimento, also stated he had similar ideas, saying that regulation should not stifle the growth of the crypto market. He declared:

Banning a revolution is not something we will do.

Nascimento had previously declared there is a natural demand for cryptocurrency regulation as a consequence of the evolution of the technology. The CVM has proposed an advisory opinion regarding crypto and its treatment, that is under review, to be used before a crypto-centric law is sanctioned.

The legislative process for approving a cryptocurrency bill is quite advanced in the country. A cryptocurrency-centric bill, that would help to bring clarity to the crypto markets and virtual asset service providers, is currently waiting to be discussed by the deputy chamber in September. However, due to the proximity of the general ballot to elect the president, vice-president, and members of Congress, this discussion might be delayed again.

What do you think about the opinion of the president of the Central Bank of Brazil regarding crypto regulation? Tell us in the comments section below.

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Sergio Goschenko

Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved.

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Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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