The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich by Timothy Ferriss

Author:Timothy Ferriss
Language: eng
Format: mobi, epub, pdf
Tags: Workplace Culture, Quality of work life, Philosophy, General, Self-realization, Careers, Self-Help, Personal Growth, Part-time self-employment, Self-actualization (Psychology), Business & Economics, Quality of life
ISBN: 9780307465351
Publisher: Crown Publishing Group
Published: 2009-11-03T02:00:00+00:00

New Rich Revisited: How Doug Did It

Remember Doug from ProSoundEffects.com? How did he test the idea and go from $0 to $10,000 per month in the process? He followed these steps.

1. Market Selection

He chose music and television producers as his market because he is a musician himself and has used these products.

2. Product Brainstorm

He chose the most popular products available for resale from the largest manufacturers of sound libraries and arranged a wholesale purchase and drop-ship agreement with them. Many of these libraries cost well above $300 (up to $7,500), and this is precisely why he needs to answer more customer-service questions than someone with a lower-priced product of $50–200.

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