How to make your first $1,000 online

Ali Abdaal · · 22 min

Ali Abdaal walks through his 1K ladder framework, a four-step plan for earning your first $1,000 online by hitting $1, $10, $100, and $1,000 in sequence.

Watch the episode 22 min · YouTube

The gist

  1. Set up a payment processor and collect your first $1 from friends or family to clear the logistical and mental barrier most beginners never get past.
  2. Validate a product idea before building it by creating a pre-order page for a $9 digital product and only making it once someone pays.

What they recommend · 4 picks

Kickstarter method Strong yes Other

"For mission number two, we are applying the Kickstarter method and we are selling a product for $9. Crucially, we are not yet building the product. We are just trying to get one..."

Stan Store Software & apps

"Stan Store is generally the one that I recommend for complete beginners getting started with making money online. We have like an affiliate deal, free trial type 30-day thing wi..."

2 creators recommend it·Ali's software & apps →
Stripe Finance & investing

"You will either need a Stripe account or a PayPal account. Stripe is accepted in a bunch of different countries. That would be my recommendation."

13 creators recommend it·Ali's finance & investing →

Ali, This Week in Startups, Chris and Tom agree on 24 things

See what they all use, in their own words. Paid ads are left out.

See what they all swear by Or pick your own people

Also mentioned

2:58 Gumroad · "If you are in fact just dipping your toes into the world of entrepreneurship, you can sign up for a..."
3:30 PayPal · "If you are not in one of these countries, then Stripe is not yet accepted in your payment region, and you..."
6:55 Canva · "Previously, this used to be a manual process involving a team member going through the transcript, figuring..."
18:25 One-on-one coaching · "The way that we encouraged people to make this $1,000 was basically to do one-on-one coaching where you..."
18:29 Zoom · "You basically sell your time on a Zoom call and you become a sort of mini online coach for anything that..."
19:04 Lifestyle Business Academy · "Kelsey then later joined our Lifestyle Business Academy and she's actually recently quit her job and is now..."

Ads in this episode

Stanley. They're paid, so we keep them out of the picks above.

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What do Ali and experts like them all swear by?

24 things in common

See