Friday, May 02, 2008

5 Online Automated Business Models and Entrepreneurs

  • - Tim Ferriss. Before becoming the best selling author of The 4 Hour Work-Week (and my hero), Tim made $10,000 - $40,000 per month on his cognition supplement from 4-16 hour’s work (checking emails and payments). It took a lot longer in the early days but he learned how to automate and outsource.
  • Lucas Rockwood. Yoga teacher in Thailand, using the same formula as Tim Ferriss to sell flexibility supplement, except advertises on Facebook to people who have yoga listed as an interest or activity - i.e. pre-qualified customers. Monthly income unknown.
  • Alexis Dawes makes around $2000 a week selling ebooks and information products to what she calls “motivated buyers”. She specialises in doing the work/writing once but getting paid automatically many times afterwards.
  • The Teaching English as a Foreign Language course I just took cost $200 for the course (information and worksheets), a few personal emails, and the certificate. It was exactly the same information and exam for my friends too. The company has global customers and is based in Thailand. $200 goes a long way in Thailand.
  • Douglas Price’s “royalty-free sound effects library distribution, metadata services, turnkey sound library management systems”. He simply sends the orders he receives through his website to the manufacturer who ships the products directly to the customer. Makes around $10,000 profit with 5-10 hours work a month. He has several websites.

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