The 7-Figure Opportunity: Turning "X" into Your Empire

Read time: 6-7 minutes.

Gm! While most people see "X" as another social platform, I think it is unmatched in its potential to cultivate and monetize brands. X is the only social media platform that allows you to build your brand or media company on multiple verticals: Through Spaces, compelling written content, or live streaming (Yes, Elon said, implementing live streams is a top priority!). Each of these verticals can be a 7-figure business independently.

💡 Key Takeaway for Legends: If you aim to build a 7-figure business, transition your thinking from “content creator” to “media company owner.” Look at it this way: My daily Spaces is titled Modern Market, my overarching brand is Legendary, and you're currently reading purplETHought by Legendary. They each stand firm individually, but together, they represent a diverse, interconnected ecosystem.

Inside this edition:

I. The Rise and Strategy Behind the Modern Market Show
II. Unpacking Ad Revenue in Web3: The "X" Approach
IV. Legendary Spotlight

The Rise and Strategy Behind the Modern Market Show

Love or hate Farokh, but he and the team have proved that Spaces is a 7-figure business opportunity.

When BCheque and I started our Modern Market Spaces, we began with just a few listeners. After more than 55 daily Spaces, Modern Market consistently draws over 200 participants.

Key actions that led to this growth:

Consistency is Gold: If you want to build an audience and make it a habit for them to tune in, you must go daily. Daily sessions might seem daunting, but they've been vital to solidifying our place in our audience's routine.

Framework Matters: Each session of the Modern Market has a structured flow, giving listeners both familiarity and value every time. A good structure also decreases the risk that someone “hijacks” your show. Don’t underestimate hosting a live show.

Celebrate Your Community: Using SuperSpaces, we've deepened our connection, recognizing and valuing our most engaged members, whether our most frequent speakers, our most passionate listeners, or the people most active in comments.

II. Unpacking Ad Revenue in Web3: The "X" Approach

A couple of days ago, I started sharing my Twitter Stats. You can find them at https://twitter.com/i/account_analytics.

We know monetization unlocks if you meet all three criteria: 500 followers, Twitter Blue, and 15M impressions over the last three months.

On average, I get 3M impressions per month from my content. However, I wanted to fast-track unlocking my ad revenue share. Hence, I am currently focusing on replying to big accounts like meme sites on top of my regular content.

Exclusively grinding replies won’t be lucrative, as your ad share depends on Twitter Blue users viewing your content. We are lucky to be in web3, as the number of Blue subscribers is multiples higher in web3 than across the general X user base. The key to long-term success is still your original content!

I am currently on track to unlock monetizing options over the next 4-5 days, and after that, I plan to scale down on the “viral replies.” Hopefully, I can share more numbers in the next issue of my newsletter.

III. Legendary Spotlight

This week I want to highlight my good friend Zaimiri. His thread on Elon Musk went viral reaching more than 10M impressions.

After Zai went viral, his profile got more than 30k visits. Because his bio, header image, and pinned tweet are highly optimized and synergistic, he converted those visits into 1.5k followers.

IV. Need Help Crafting Your Bio & Pinned Tweet?

As discussed, optimizing your bio and pinned tweet isn't merely a vanity exercise. A compelling bio and strategic pinned tweet act as magnets, transforming casual profile visitors into loyal followers, thus turbocharging your brand's growth.

My profile visit-to-follow ratio is as high as 37.5% on some days. That means for every 100 visitors to my profile; I get 37 new followers.

Fine-tuning your brand presence on "X" can be challenging, but I'm here to assist. If you need expert guidance to refine and optimize, reach out.

Email me at [email protected]

"X" isn't just another platform. It's a chance to build something memorable. And while Modern Market, purplETHought, and Legendary are unique in their own right, they paint a bigger picture of what's possible.

Action Step: Every empire starts with a vision. Take a moment this week to create a vision board for your brand on "X.” Imagine the heights it could reach and the impact it could make. Lay out your aspirations visually and use them daily to remind you where you're headed.

Onwards and upwards,

Legendary

Disclaimer: Please be aware that some of the links included in this newsletter are affiliate links. This means that I will earn a commission at no additional cost if you decide to purchase after clicking through the link. I include these links to sustain my work, and I only recommend products or services that I genuinely believe could benefit you. Your support in purchasing through these links will help me continue providing quality content and insights. I appreciate your support!