42-year-old brings in more than $1 million a year from newsletter, podcast: ‘My advice is just stop tweeting and do the work’ | CNBC make it
Lenny Rachitsky, a 42-year-old entrepreneur, has achieved remarkable success through his ventures in the world of content creation. In 2019, he launched “Lenny’s Newsletter,” focusing on product management. Fast forward to today, and the newsletter has grown to over 570,000 subscribers, generating an annual revenue of more than $500,000. Rachitsky dedicates 10 to 20 hours per week to crafting one high-quality post.
In 2022, Rachitsky expanded his horizons by starting “Lenny’s Podcast,” where he releases two episodes per week, featuring interviews with leaders in project management. This venture, too, now brings in over $500,000 per year. Interestingly, he only invests four to five hours per week into the podcast, thanks to the help of a producer for tasks like audio engineering.
Rachitsky’s key piece of advice for those aspiring to succeed in their personal ventures, particularly in fields focused on growth and development, is to gain experience in that specific domain first. He emphasizes that it’s essential to avoid prematurely sharing advice without a deep understanding of the subject matter. In his own journey, he spent over a decade working in product management and software engineering, accumulating valuable knowledge before venturing into content creation.
Rachitsky’s message is clear: “Do the work for a long time first” before offering advice. His success story highlights the importance of building expertise through years of hands-on experience……..
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Rising Dough
How can gaining substantial experience in a specific field benefit individuals in business and entrepreneurship, mainly when providing valuable advice and insights?
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Gaining substantial experience in a specific field can benefit individuals in business and entrepreneurship because you can provide information and advice for people who are looking into your field or are just curious.