This is Kat Norton, better known as Miss Excel. She has over a million followers on TikTok and Instagram, where she markets her Excel courses.
She has 0 employees and makes up to $100,000 a day. When we think of the future of work, it might look something like Miss Excel 👇
To back up, what is it that Miss Excel is doing exactly?
She makes TikToks sharing Excel tips. She'll use "Drop It Like It's Hot" to explain a dropdown menu, or Doja Cat's "Best Friends" to explain why Index + Match are bffs.
She's fun, energetic, and actually really helpful.
It all started in March 2020, when Kat Norton found herself living at her parents' house during COVID. She decided to download TikTok.
She joked to her mom, “Mom, I’m going to be rich and famous soon so I need you to prepare your nervous system for that.” Her mom laughed.
She created her "Miss Excel" persona and started posting on TikTok daily. Her 4th video hit 100,000 views.
On day 6, she ordered a green screen and ring light to set up in her childhood bedroom.
By week 3, one of her videos hit 3.6M views and she had 100K followers.
By fall 2020, Miss Excel decided to create an Excel course to sell. She whipped up her first course and started selling it on Black Friday 2020.
By January, two months later, the course was already making more than her day job as a consultant. So she quit.
By April 2021, Miss Excel had her first six-figure month.
Then a few months later, she had her first six-figure day.
She estimates 95% of her income is passive income from course sales. If she's not actively building a new course, she works ~15 hours a week.
She and her boyfriend are digital nomads, exploring a new state every month.
What's unique about Miss Excel as a creator is that she isn't as reliant on the big platforms: they drive top-of-funnel discovery, but she monetizes through course sales. She doesn't post nearly as often as creators reliant on ads or brand deals.
She estimates her expenses at ~$500 per month.
Her stack includes:
• Her iPhone
• @thinkific to list her courses
• @stripe for payment processing
• @WeVideo for video editing
That's about it.
Miss Excel is ambitious: she says she wants to grow her business to million-dollar months and to expand into new areas. Then, she wants to teach other people how to be a creator.
Miss Excel embodies the future of work: self-realized, flexible, digitally-native.
She says: "I came into this because I wanted to create the life I wanted for myself. I wanted freedom: financial freedom & geographic freedom. I wanted to do what lights me up every day."
Here’s an example of her content 🔥
Follow her on TikTok at @ miss.excel and on Insta at @ miss.excel. Also she’s on Twitter too! @themissexcel
It’s interesting to see the controversy this generated. No, the future of work isn’t fun Excel videos on TikTok. Miss Excel embodies something broader: work that is flexible, self-directed, digitally-native, with more economic upside.
And yes, creator monetization needs to improve. Broken monetization and the power law of distribution means this kind of career isn’t accessible for most people. But that’s where web3 comes in.
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Taylor Swift's Eras tour is set to make her the highest-grossing female artist of all time.
I've been thinking a lot about Taylor Swift as a businesswoman.
Let me geek out for a minute about Swift and what we can learn from her:
First, it's no secret I'm a massive Taylor Swift fan. Billy Joel said it best when he called her "The Beatles of her generation."
This is partly an excuse for me to write about my favorite artist. But you also don't have to be a fan to appreciate Swift as a savvy businesswoman:
Taylor Swift is only 33, but she's already the only woman to win three Grammys for Album of the Year.
She holds the record for most songs to ever chart on the Billboard Hot 100 (188 songs), and last fall became the first artist to own the entire Top 10 simultaneously.
A question I think about often is: is brand a moat?
My answer has always been yes, but the recent deterioration of digital advertising makes the answer even clearer.
Brand is a stronger moat than ever, and that's not a good thing:
1/ To step back, marketing, in its modern form, essentially didn’t exist before the Industrial Revolution.
There was such little product differentiation that it wasn’t necessary. Then manufacturing exploded, and production became cheaper & faster than ever before.
2/ New entrants crowded the market & marketing became essential.
Today, marketing is often *all* that distinguishes a product.
In America, kids as young as 2 can recognize brands on shelves, and by age 10 kids have recognition of 300 to 400 brands.
1/ One interesting shift: the globalization of culture.
From 2017 to 2022, 47 of the 50 most-streamed songs in the world were in English. But that dominance is slipping.
In India, Indonesia, & Korea, the share of English-language tracks has fallen from 52% to 31%.
2/ In Spain and LatAm, the share of English-language songs has slipped from 25% to 14%.
It's the same story on TV: in Argentina, Brazil, and Colombia, only about half of the most-watched shows are North American. In Japan and South Korea, it’s only 35%.
3/ We see the globalization of pop culture in what audiences are consuming:
• Squid Game (Korean) became the most-watched show on Netflix
• Khaby Lame (Senegalese-Italian) is the most-followed person on TikTok
• Bad Bunny (Puerto Rican) is the most-streamed artist on Spotify