Posts tagged ‘make money at home’

Book Review: “The 4-Hour Workweek: Expanded & Updated” by Timothy Ferriss

January 4th, 2010

We originally reviewed “The 4-Hour Work Week” here. As we said, the three chapters on “Income Autopilot” are probably among the best, concise step by step guides to building a successful, profitable, automated internet store. But this book is more than that — it’s how to reboot your life. Reading this book is like taking the red pill and discovering you have been living in The Matrix. It’s about escaping the rat race, yes, but — to use another movie metaphor — “You’re no longer part of the System. You’re above the System. Over it. Beyond it…. We are” the New Rich (NR), as Ferriss calls it. The author says: “How is it possible that all the people in the world need exactly eight hours to accomplish their work? It isn’t. Nine to five is arbitrary.” This and other “rules” are just so much software that has been plugged into our brains. Ferris teaches you DEAL (or DELA if you are currently employed), which stands for Definition, Elimination, Automation, and Liberation. The new expanded edition has over 100 pages of new content, including updated resources and more real word examples and suggestions from members of the NR.  It’s about how to use technology more effectively, but it’s also about making more effective decisions — i.e., applying the 80/20 rule to everything, ruthlessly. Topics include outsourcing, mini-retirements (rather than waiting until you’re older) and the concept of geoarbitrage. We recommend you take this red pill. Here’s the link to Amazon:  The 4-Hour Workweek, Expanded and Updated: With Over 100 New Pages of Cutting-Edge Content.

(Reviewed by Rich Dog Millionaire.com)

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Ebay Cuts Fees For Casual Sellers

May 12th, 2009

“The online marketplace eBay is eliminating some upfront fees to attract more sellers who occasionally auction off items.”

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The Mathematics of Internet Gurus

April 16th, 2009

As you know, we have purchased and reviewed many internet business ebooks and related materials. Naturally, we are on a lot of email lists. It’s a good way to stay up on what’s being hawked out there, even if it floods our inbox. But as we get these emails, with their clever (or irritating) subject matters, we are always reminded of the mathematics involved. To wit, if you — or your “good buddy” — really are making $25,786 per month with your “fantastic, unbelievable product,” why the hell are you telling us about it? Why don’t you take your great idea for yourself and multiply it? Eh??  Or is it possible — could we perhaps assume — that you are making most of your money telling us about it — selling it to us. Forgive us if we hesitate to send you our $99 even “If this deal won’t last!”

To be sure, there is some valuable material out there, as we have written about. But even with some of the good stuff we wish: If only this guy had spent as much time writing the actual material as he did with the sales pitch for it.

(original content by www.richdogmillionaire.com)

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Book Review: “The Home-Based Bookstore” by Steve Weber

April 14th, 2009

Author Steve Weber begins his book, The Home-Based Bookstore, by saying: “Selling used books on the internet is one of the greatest opportunities available to small entrepreneurs today.”  Weber has sold over $1 million in used books to customers in over 30 countries. You can start small, making a few hundred dollars a month, maybe beginning with books on your own shelf; and you can grow it into a full-time business. First, Weber tells you where you can find used books, and he explains what kind of books to search for — versus the types of books to avoid (i.e., fiction mostly, especially books that have been best-sellers since, obviously, there’s a lot of copies out there). He then goes into where to sell your books. Amazon, of course, is on the list. If you go to a book detail page on Amazon, you will see an option to buy a used copy of the book. Here, booksellers of all sorts sell their wares. Abebooks is another major marketplace. (You can also build your own site.)

Weber teaches you how to price the books, inventory them, and manage your business, from sales to fullfillment, to customer service, and — one of our favorite topics — advanced automation. There’s an interesting chapter on collectible books (people are looking for first editions). Robert Chamber’s 1939 classic “The Big Sleep” currently goes for over $12,500.

The Home-Based Bookstore: Start Your Own Business Selling Used Books on Amazon, eBay or Your Own Web Site

(reviewed by www.richdogmillionaire.com)

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Elance: The Online Job Market

April 10th, 2009

If you are a professional — whether it’s programming, sales, finance, writing, administration (and more)  — or if you are looking to hire a professional, we assume you may know about www.elance.com. According to their stats, there have been over 25,000 jobs posted in the last 30 days. And if you need to hire an expert, there are over 80,000 to choose from. A good resource to add to your favorite links. Think of it as Craigslist, the premium edition.

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Rent Out Your Stuff Online $$

April 9th, 2009

This morning we posted info on Live Deal, which is an eBay-type company that focuses on local business. A buddy reminded us about Zilok — “the online rental marketplace” — where you can rent (or for our purposes, rent out) just about anything: tools, electronics, appliances, cars, vacation homes… you name it.  This is actually a very exciting website for us. First, it suggests yet another business angle for the internet; second, it’s another marketplace for anyone to make money. Jeff Boudier, the General Manager of Zilok in the U.S. (it is a Belgian-based company) explains how the system works on the NBC San Diego Youtube clip below. He says that 80% of everything you have is, on average, used less than once month. A power drill is used, on average, only 12 minutes during its entire lifespan. So why not put items like that to work and rent them out. It’s a novel — and obvious — idea. Zilok charges a commission based on the rental cost.

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Internet Garage Sales, An Alternative to EBay and Craigslist

April 9th, 2009

Let’s say you have a big plasma-screen TV, or a vintage Ford Mustang, or a litter of Siberian Huskies, and you are looking to sell them to a loving buyer. Do you go to eBay, and end up shipping the TV, the car, or the puppies across the country? Well, you could. But it might get ridiculously expensive, and the puppies might not like it. A good alternative is www.livedeal.com. They are sort of a cross between eBay and Craiglist, and they service over 70,000 zip codes in the U.S. So if you have something too big to ship, or if your shipment might get too agitated, try Live Deal.

(original content by www.richdogmillionaire.com)

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ForexMentor: “Techniques and Secrets Used by Commercial Institutions and Banks”

April 2nd, 2009

A while back we blogged about the sales of some Forex trading software. We received an email from a guy with a very good point: “If someone is really interested in FOREX — the successful buying and selling of foreign currencies  (and there’s great reasons to, including low cost start-up and 24/5 trading) — they may want something more than just software– they may want an actual how-to program from a big-time Forex trading professional — somebody the banks use and learn from.” Turns out there is such a program, released to the public, Peter Bain’s Video ForEx Trading Course:

“The Peter Bain Video Forex Course is a complete trading solution and is packed with 6 hours of live instructions on DVDs from Peter himself. In addition, there are an additional 6 hours of instruction on CDs, a 150 page “Trade Currencies the Way the Big Dogs Do” User’s Manual and 1 year access to the Forexmentor Membership website. Learn to trade the lucrative 1.5 trillion Forex Market everyday with Peter Bain’s Video Forex Course. A Forex currency trader doesn’t have to worry about 7,800 stocks, or 72 commodities, and all the underlying trading rules that accompany those markets. With the Forex, a currency trader only has to think about the 4 major currency pairs – and pure technical analysis. The average daily range of 104 pips for all four pairs far surpasses that of any other stock trading market. Peter will show you the techniques and secrets used by the commercial institutions and banks.”

So there you have it: Learn from the best in the business — a business many people do not even know exists, so you kinda have a head start too. Peter has a free video here.

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Thinking Outside the Box: You Can Babysit… Or You Can Do This…

April 1st, 2009

We are a big fan of  thinking outside the box. For example — you can make money by babysitting…OR……….In his book, “Internet Riches” (reviewed here), Scott Fox writes about a college-age babysitter who launched a million-dollar business, www.sittercity.com — a matchmaking site that hooks up parents and babysitters. Today, Sittercity has over 150,000 registered babysitters and caregivers. Have you heard of www.angieslist.com? Started in 1995 by Angie Hicks and Bill Oesterle. Local contractors and businesses are reviewed and scored by consumers; and consumers pay an annual fee for access to the reviews. One of our friends is a member: “It paid for itself when I found a great plumber in my first search.” Now Angie’ s List has 400 employees and an estimated $14 million in revenue. (BTW, they also sell advertising to contractors with a rating of “B or higher.” ) So: What do you do, what do you know, and how can you leverage that onto the internet?

Quick thought: This post is really a followup to our gripe:  Making Money on the Internet: The Big Naked Elephant in the Room.

(original content by www.richdogmillionaire.com)

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Making Money On the Internet: The Big Naked Elephant in the Room

March 29th, 2009

It’s time for us to say something that everyone pretty-much thinks about: That the best or easiest way to make money on the internet is to sell a product on how to make money on the internet. It’s like looking into a reflection of a mirror in a mirror — it’s mirrors all the way down. We got an email from a “guru” the other day, selling his product. His sales pitch was essentially that specific “business model”: He said, basically, I was taught by the best gurus in the business — guys who taught me how to make money on the internet — so now I am giving you the same opportunity — for $X, I’m going to teach you how to make money on the internet. And it continues into the next generation: he describes how one of his students, a young college dropout, who is now — you guessed it — selling a product on how to make money on the internet. Now, don’t get us wrong, some of this material is very good; we’ve reviewed some of it and have included them in our “Buzz Bin.” But the question has to be asked, is that all there is? It’s like the U.S. economy — everybody was buying and selling and betting and leveraging stock — but nobody was making any goods.

We are certainly not innocent here: Our site is, after all, how to make money on the internet, but our tagline: “The good, the bad, and the ugly” is a statement that we are going to talk about, expose if you will, the bad and the ugly. But as we complain, we see opportunity. Where are the opportunities that people are missing? There are entrepreneurs who are making, month after month $10,000 or more a month on their Yahoo stores, eBay stores, and as affilliates for non-how-to-make-money-on-the-internet products… We think that’s where most of the future potential is. The guru products can teach you a lot — about Adwords, Adsense, Clickbank, Commission Junction — but you still need a product to sell; something to specialize or focus on. The guy who sells discount Italian clothing on eBay because his family has the hook-up in Milan is what we are talking about. The guy might have purchased and learned some valuable material from the  how-to crowd but he doesn’t turn around and create his own how-to product — he sets off to build his business, which is much more sustainable.

So we felt this must be said. While everyone goes for the quick buck, the long-term opportunities lie elsewhere. Learn from the gurus and then build from that with your own passions and talents. In our Welcome message, we compared the internet to the wild, wild west. To extend that metaphor further, you can’t make money as a gunslinger or gold prospector today (for the most part).

(original content by www.richdogmillionaire.com)

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