How to Make $100,000 in the Next 6 Months & Book Giveaway

Happy 2010 to all of you! Get that strong coffee brewing and rid of that New Year hangover cuz you’re gonna wanna read this post.

Title caught your attention, huh? Caught mine, too. Especially, because one of my career goals would be to work remotely while travelling the world (sounds good,eh?)

I found Tim Ferriss’ “Build Your Business” competition through Planting Dollars. $100,000 for the grand prize winner!

Here the jist:

It is a 6-month “Build Your Business” competition, offered by 4-hour workweek and Shopify, to help kick start one into building a viable near- or fully-automated business online following the steps in The 4-Hour WorkweekThe 4-Hour Workweek: Expanded and Updated!.

  • $100,000 for the grand winner
  • $120,000 total in prizes
  • 6 months starting January 1st
  • Even if you don’t win the prizes, you should end up with a viable business at the end of 6 months

Even if you don’t win “the prizes”, you will end up with…

A Vast Wealth of Valuable Information!

They plan to support you with the tools and skills you need, there will be expert tutorials on critical subjects (like Google Adswords testing, design, etc…) on a monthly basis at minimum, posts on his blog,with real-life examples, and more.

 

Oh, I am tempted to join the contest! What the heck would I sell? What can I sell with low start up? The brain is clicking! (To find out about the contest rules, click here)

If you were to enter the “Build your Business” competition and needed to read the revised edition of The 4-Hour Workweek: Expanded & UpdatedThe 4-Hour Workweek: Expanded and Updated! to help you on your journey, but don’t have a copy…I am giving one away! (You don’t need to enter the “Build your Business” competion to win the book)

To enter Book Giveaway:

Simply leave a comment by Friday, January 8th, 8am Pacific time about what business you would consider starting if you joined this competition. A winner will be picked randomly Friday, January 8th, 2010 post ending time of giveaway.

 

What stopping you? Get commenting! ;)

And the Winner is:

Well, if you all are wondering what business I would do. Considering the lack of time I have to ‘make’ a product, I would probably sell beer & bbq paraphernalia: mugs, steins, aprons, bbq sets, food gift items, etc…

Okay, okay. And the winner (via Random.org) is… @GrlRedBalloon. Yeh!

Thank you all for entering!

42 thoughts on “How to Make $100,000 in the Next 6 Months & Book Giveaway

    1. money funk

      Same to you! Least I didn’t wake up with an awful hangover. All is good. :)

      I am still considering if I am going to enter the competition. But the mind is clicking with ideas. If not, will be fun to follow the sideline.

      Blogging Empire… lots of work!

      Reply
  1. Saving Savy Pinkey

    Hey, first of all Happy New Year!
    If I join the competition, I would consider starting the business of producing noodles. Noodles are really the complete food for kids, students and very busy professionals who can’t/don’t find time to cook/can’t afford complete meal.

    Reply
    1. money funk

      Happy New Year, Saving Savy Pinkey!

      Noodles. That is really a unique idea to consider. I enjoy the new noodle dishes they came out with that you just microwave for a few minutes for a complete meal. Unfortunately, they are a little costly for my taste.

      Thank you for sharing your idea. I like it.

      Reply
  2. Financial Samurai

    Doh, do I actually have to produce something? OK, I will help clients produce ACCEPTANCE LETTERS to their business schools of choice, as the MBA Admissions Coach! Nice.

    Reply
    1. money funk

      Actually, you have to use Shopify in your business – its helps you start an online business. So, yes you need to sell something whether you produce or not.

      LOL. Another marvelous idea. ;)

      Reply
  3. SavingDiva

    If I had a bit more time, I would start a late night delivery service. I live in a large city, but the amount of delivery options is bleak. I think I would have to start with a minimum $ amount and a delivery surcharge.

    Reply
    1. money funk

      There used to be a great delivery service in a city I once lived in. They even had unique, cute looking Volkswagen bugs to drive around in. And the price was feasible for requesting delivery service. Great idea!

      So, what is stopping you from starting one? ;)

      Reply
    1. money funk

      That would be great! Even if you started it in a physical space you could easily open it up to an online store (or vice versa).

      I would think that an online Scrapbooking store could be started small. And would probably have good success with growth. You should give it a try!

      Reply
  4. Forest

    I don’t think i’ll be joining this comp but another mention of the 4 hour work week makes me more and more curious to read it…. I have $50 Amazon voucher and a friend coming over from the states in two weeks so I may have to get it purchased and delivered to their house to bring over for me.

    Reply
    1. money funk

      Why your comments went to ‘spam’ I do not know, yet one of them was okay. So my apologies – I seldom check the spam comment area. I am glad I did.

      I think the newly revised edition will be a great read. Can’t wait to get my hands on a copy. But I will order it the same time I order the winner’s copy. ;)

      But if you did enter the comp, what do you think you would do?

      Reply
      1. Forest

        Hmmm what would I do! I would like to sell some of my own art but I have not done anything like that for many years…. mainly due to being busy with work and life! But I am slowing things down a little and hoping to get art back into my life. For the most part it’s a cheap hobby.

        Reply
      2. Forest

        I just realised that I misunderstood the book comp!! Duh, well congrats to the winner :)…. I would start a t-shirt business or selling my own art :).

        Reply
        1. money funk

          That’s okay. You were still entered to win. I had to add “You don’t need to enter the “Build your Business” competion to win the book)” because I think a few ppl misunderstood it. No prob. Just leave a comment and you were entered.

          T-shirt business… My husband did that and was very profitable. Also very busy. That is a good thing, yes? ;)

          Reply
  5. Little House

    I wonder if I could sell custom postcards? What do you think, would that qualify? I checked out the FAQ’s on Shopify’s site and it didn’t specifically state this business model.

    I’d have to think of something that wouldn’t take up too much of my time if it had to be something else. Sounds tempting though!

    Reply
    1. money funk

      I think your business would qualify. They seemed pretty open to all business concepts as long as it used Shopify.

      Custom postcards… I like that idea.

      I think it sounds like a fun idea, the competition. And even if I don’t enter I expect to learn a lot following Tim’s blog posts.

      Reply
  6. Shawanda

    Happy New Year!!! I read the first version of the 4-Hour Work Week and absolutely loved it. Perhaps I should start putting into practice some of the principles of the book. You know, it being a new year and all. I won’t be entering the competition. I’m thinking I should just focus on executing some of the ideas I already have. I’ve been documenting them for years! Shameful.

    Reply
    1. money funk

      Hi Shawanda! Happy New Year to you! I love the book, too. I’m with you and think that maybe I should put some of to practice. LOL. I had a long list of goals last year and they didn’t get done. So, no long lists for me this year. But a simple concept to pay down this debt and beat my financial schedule by $5K.

      So you have ideas to put into fruitation, eh? Would love to hear them. I wish you all the best in accomplishing them.

      And hey, even if you don’t enter the competition you may just win your self the revised edition to make for good reading material. ;)

      Reply
  7. Girl Starup

    I’m considering using shopify myself ( I am not in the US, so I can’t really enter the comp per say). I was planning on developing my own shop front before I saw this comp, but I have heard really great things about shopify on it’s ease of use. The product is quite easy for me, anything to do with homewares/handmade crafts. I am trying to develop my own cushion line to start with, but actually I really wanted to start my own marketplace – ha ha! But it’s pretty full-on to develop something like a marketplace. Other things would be, handmade handbags or scarfs…maybe even laptop bags.

    I have just ordered my 4 hour work week book, as I have never read it before…I can’t wait to read it.

    Reply
    1. money funk

      I wish I could find this handbag site that I loved the site look – can’t remember the name. She set up a nice simple shop. If I remember I will let you know. Do you plan on utilizing Etsy, too? Many creative successful people use them, too. BTW, love your blog! I do plan on following your adventure.

      Love the marketplace idea. All things start small – I think the cushion line is a great idea. They are so cute. Later, maybe you could consider taking in other artists to help expand your market place.

      And you already ordered your book? Well, you may win another this Friday. I will be sure to let you know. :)

      Reply
      1. Girl Startup

        Oh if you find the handbag site let me know!
        Most probably I will use Etsy too! Yeah I thought maybe a marketplace for cushion designers – ha ha!

        Oh I missed the “winning a copy of the 4 hour week part”. Cool. Yep I ordered it like a week ago. You can’t even get the latest version in Australia, so it cost me $30 bucks

        I’m glad you like my blog :)

        Reply
  8. Craig

    I really would love to win this book, have heard great things bout it.

    I want to take my family owned plumbing supply warehouse and turn it into an e-commerce site selling toilets and other supplies directly to customers online.

    Reply
    1. money funk

      That is a great idea, Craig. I hear that janitorial and plumbing businesses can make some pretty nice revenue. Adding an online addition could increase that prospect. Good luck with Friday’s drawing. ;)

      Reply
  9. FrugalNYC

    Would love to win a copy of the book. Read the original 4hww. Getting ready to read the latest revision, so winning it would be great.

    I would build blogging / ad supported empire! :) It’s more automated than my other alternative.

    Reply
    1. money funk

      And winning it would save the need to buy, thus being frugal. ;)
      I can’t wait to read the newest edition, too.

      Your the second person who has mention blogging empire. I am learning that it is a great amount of work. Now if I just learn to delegate…oh wait, if I read that book than maybe I will start doing just that! lol. Good luck with Friday’s drawing!

      Reply
  10. Pingback: New Year’s Financial Resolutions — the centsible life

  11. Red

    I would love to start some kind of de-cluttering/organization-based business. I feel so passionately about helping people de-clutter their lives because I know it did wonders for me.

    Reply
    1. money funk

      I love to be organized, too. Well, i am more chaotically organized. That would be a great business. Should do a follow up consultation, too. Cuz keeping it organized is half my problem!

      Reply
  12. Cynthia

    I would start an online hobby shop – they’re disappearing from my area and my husband spends enough money on model building supplies that there has to be money in it!

    Reply
    1. money funk

      They really are disappearing physically. I think hobby shops have better options online. I think its a good niche too. Being that it’s a selective clientel, it would probably do great. Something to think about. Even as a side business.

      Reply
  13. Bucksome

    This book sounds really good; never read the original. If I were to start a business it would be a pet sitting business. There’s low overhead.

    Reply
  14. Brian

    I would love to start a brick and mortar comic book shop, but with an online presence as well. Internet models are great, but is there anything better than interacting with kids about superheroes and other things that test their imaginations?

    Reply
    1. money funk

      I love comic book shops. There is a great one down the street from where I work. I like a lot of the gothic comics. Plus all the geeky paraphernalia sold there, too.

      As for the imagination, I think it keeps ours going as well.

      Reply
    1. money funk

      Tis we are. ;) Although your title had me worried at first. LOL.

      I get mine in the mail on Tuesday. I ordered Global Student by Maya Frost, too. Wish I could work, travel, and let my children learn by ‘living life’.

      Glad to have found your blog.

      Reply
  15. Yuk Koloski

    Do you mind if I quote a few of your posts as long as I provide credit and sources back to your website? My blog site is in the very same niche as yours and my visitors would truly benefit from a lot of the information you provide here. Please let me know if this okay with you. Appreciate it!

    Reply
  16. Wendolyn Shield

    I have realized that online degree is getting preferred because attaining your college degree online has changed into a popular option for many people. Many people have definitely not had a possibility to attend a normal college or university nevertheless seek the increased earning possibilities and career advancement that a Bachelor’s Degree gives you. Still people might have a college degree in one field but would choose to pursue another thing they already have an interest in.

    Reply

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