The Maker Letter ·
The honeymoon’s over
I’ve been doing this long enough now to stop panicking when something stops working. Because 9/10, it’s not me.
It’s the cycle.
I keep telling you the market’s maturing. So let me just draw you the map I read everything off, because once you see it you can’t unsee it.
Here’s the whole thing in one line:
a market is just a relationship between buyers and sellers. And every relationship runs the same play.
You meet. You fall for it. You get the ick. You either grow up together or you split.
Markets do exactly that. 5 stages: the honeymoon, the hype, the hangover, the cleanup, the long haul. Then something new shows up and it all starts over.
Let me walk you through where we’ve been.
The honeymoon.
Something new lands. LinkedIn personal brands. Then newsletters. Then cohort courses. Then AI prompts. Nobody’s clocked the downside yet, so all anyone sees is upside.
This is the easiest money in the game, and I’ve ridden a few of these waves myself. You’re not really selling a product, you’re selling the dream of what’s possible. The marketing is the product. One simple offer, a bit of belief, and the market sort of sells itself to you.
Nobody’s been burned yet. All you see is possibility. It feels like skill. Honestly, it’s mostly timing.
The hype.
Then the screenshots start. The first movers win, post the “$10k month” screenshot, film the “I quit my 9-5” carousel, buy a standing desk and call it a studio.
Now the market doesn’t just think it’s possible. It thinks it’s possible for them. And that little shift is where desire goes through the roof.
Everyone piles in. Old buyers become new sellers. The person who got one client is now selling a course on getting clients. Cohorts sell out, DMs fill up, this is 'peak' money.
It’s also where the cracks form. V
olume drags in the wrong buyers. Promises get stretched to keep the heat going. And quietly, what’s getting sold drifts away from what’s getting delivered.
The hangover. (This is us right now)
Enough people get burned. They hired the ghostwriter who ghosted them. They bought the cohort and watched two modules. So they stop believing the screenshots and start trusting their own gut over your claims.
And they start asking the one question that ends the party: “is any of this even real?”
That’s exactly where we’re standing right now. Being real is pretty much the only thing that sells. The hype bros quietly disappear, not because they got bored of the money, but because timing was the only thing they ever had.
I bet you can name at least 1 person you no longer see on socials, can't you, Friend?
Now hopefully this is the part that actually helps you, because you can see what’s coming next.
After the hangover comes the cleanup.
The market’s been burned, so it wants receipts before it pays. Guarantees. Proof. Track record. Skin in the game. You stop competing on who shouts loudest and start competing on who delivers. Sales get slower. But there are fewer of you fighting over it, and the prices go up, because trust is suddenly rare.
Then the long haul.
The whole category turns boring. It stops being exciting and becomes plumbing, like having a website or a list. Steady, predictable money, owned by whoever built trust in the cleanup. Everyone else has wandered off to the next honeymoon.
So don’t wait for the cleanup to start proving you’re the real one.
Bank the proof and go deep with your people now, while everyone else is still nursing the hangover. That’s emails one and two, by the way.
Go deeper, not wider. Show, don’t tell.
You’re not just surviving this stage, you’re getting set for the next.
None of this is you losing your touch.
The relationship changed, so the way you sell has to change with it. Know where the market sits and you stop blaming the algorithm or your own ability.
You just play the stage you’re in.
That’s the roadmap.
I run everything through it.
Your biggest fan,
Jacob ‘got the ick’ Pegs
oh look, a hooman!
---
Whenever you’re ready, here’s 3 ways I can help:
- Get your $5 Gameplan - your personalized plan to an inbound marketing engine that brings in $3k+/mo, here (https://jacobpegs.swipefast.io/gp).
- Spend 30 days with me + the Modern Maker MCP building the offer, funnel & content that lands your next client, here (https://modernmaker.xyz).
- Want it done for you? I'll build and install the whole system, land your first 5–10 customers, then mentor you 1:1 to run it yourself (video here (https://www.youtube.com/watch?v=zYnLdKyPCms)). Reply " install " for the details - only a few spots.