2 years ago, I wrote about how Ali Abdaal went from being a 27-year-old junior Doctor to making over $1M through 5 different income streams. At the end of 2021, he uploaded a new video I also covered, where he explains how he made $4.5M through 15 income streams. In 2022, his already impressive numbers have grown even more.
We’ll cover the 10 income streams Abdaal created to generate $4.6M in revenue in 2023, along with a few critical entrepreneurship lessons. We’ll also look at how each income channel has grown over the past 3 to 5 years for Ali’s business when data was made available.
Note: Numbers in this article may vary from Ali’s numbers back in December 2022 due to the change in exchange rate (GBP/USD). Some numbers in the video were provided in GBP, others in USD. For some income streams, the month of December was estimated or not provided due to account statement reconciliation (the fiscal year hadn’t ended yet).
Ali gives us some insights into his YouTube dashboard, and it’s interesting to note that a third of his all-time YouTube earnings ($1.2M) comes from 3 videos only, and that’s across 5 years of creating content and more than 500 videos published.
This is a great example to illustrate the power of the 80/20 rule:
“The 80–20 rule, also known as the Pareto Principle, is a familiar saying that asserts that 80% of outcomes (or outputs) result from 20% of all causes (or inputs) for any given event. In business, a goal of the 80–20 rule is to identify inputs that are potentially the most productive and make them the priority. For instance, once managers identify factors that are critical to their company’s success, they should give those factors the most focus.” — Investopedia