So, the first question people ask when I tell them I’m shooting for 4-hour work weeks (via the 4 hour work Day) is: “What do I plan to do with that extra time?!”
Of course, the first answer is: “Start other businesses”. The idea is to become a parallel entrepreneur. That can only happen with effective [...]
There have been some comments in the Amazon.com forums that seem to imply that many of the reviews of the 4HWW Book (especially the five-star positive ones) are posted by paid shills, fake reviewers, or otherwise are unrepresentative of the actual reader population. Is this true? I have no idea. It’s hard for me to [...]
I just got a comment in my first blog post that I’m not the only one documenting their attempt to travel down the 4-hour work week path. The fellow from The Four Hour Trial tells me that there are others like me and him that are going down that path. He mentions there are others [...]
Following up on the last post where we identified the target market by identifying pricing and market size most appropriate for Bought Products, things get better when we observe the power of monthly revenue.
Ways to Make $5M a year – Take 1
# of Products Sold
Price Per-Product
Monthly Revenue
Consumables (3x per year)
1
$5,000,000
$416,667
$1,666,667
5
$1,000,000
$83,333
$333,333
10
$500,000
$41,667
$166,667
50
$100,000
$8,333
$33,333
100
$50,000
$4,167
$16,667
500
$10,000
$833
$3,333
1000
$5,000
$417
$1,667
5000
$1,000
$83
$333
10000
$500
$42
$167
50000
$100
$8.33
$33
100000
$50
$4.17
$17
500000
$10
$1
$3.33
1000000
$5
$0.42
$1.67
5000000
$1
$0.08
N/A
But, let’s take another twist. Let’s [...]
This post is a little exploration of the magic of numbers and an understanding of how the idea of Products that are Bought map to desired revenue targets.
First, the revenue target. Let’s say for the sake of example that we want to run a $5M a year gross revenue business (that’s just top-line, not including [...]
Yesterday, I talked about how the concept of the reduced work week as envisaged by Timothy Ferriss’ Book mostly applies to repeatable, products or productizable services. But I think there’s more to it than that. Even in the product realm, not all product-based companies lend themselves to greatly reduced time and effort with the result [...]
The more I read the book and think about how to apply it to my own life, the more I wonder about just who this four-hour work week is most appropriate for. For sure, if you have a product company that can operate on semi-auto pilot with subcontractors and outsourcers performing the responsibilities of fulfillment, [...]
Ok, so now that I’ve gone ahead and bastardized this site with gratuitous Capitalism (thanks for the first few orders, already, btw!), it’s time to continue the FHWW journey.
I’m going to be traveling west, so while I’m out there, I decided to sign up for a few MeetUps that can help catalyze the journey from [...]
Say the above with a Joizy accent and you know what I’m talkin about. I’ve got goods that I’m sure you’ll love. In particular, a nice line of apparel that plays off the theme of getting more from your time.
Some goodies:
Find more goodies on the DFHW Gear Page. (Note that the prices are not showing [...]
So, getting a blog started is certainly a bit more work than signing up and just going for it.
Well, it CAN be that simple if you’re blogging just as a past time, but if you want your blog to return value for your time investment, you have to put a bit more into it. Since [...]
