The $100 Startup: Reinvent the Way You Make a Living, Do What You Love, and Create a New Future by Chris Guillebeau

An interesting read by Chris Guillebeau, an entrepreneur, writer, and avid world-traveler who also runs the blog The Art of Non-Conformity.  I like the emphasis Chris puts on taking action – a key principle in any entrepeneurial work – focusing on action rather than over analysis/perfection. The book  introduces clear steps to start a side hustle, especially with little money up-through ingenuity and resourcefulness. 

Memorable quotes

The difference is crucial. Most people who visit the V6 Ranch have day jobs and a limited number of vacation days. Why do they choose to visit a working ranch in a tiny town instead of jetting off to lie on a beach in Hawaii? The answer lies in the story and messaging behind John and Barbara’s offer. Helping their clients “escape and be someone else” is far more valuable than offering horse rides. Above all else, the V6 Ranch is selling happiness.

“By leveraging skills and contacts, you can be in more than one place at the same time. Strategies to do this include outsourcing, affiliate recruitment, and partnerships.”

A good launch is like a Hollywood movie. You first hear about it far in advance, then you hear more about it before the debut, then you watch as crowds of people anxiously queue up for the opening.

Like Barbara and John in California, Kelly discovered that the secret to a meaningful new career was directly related to making people feel good about themselves.

An inefficiency in the marketplace. Ever notice when something isn’t run the way it should be, or you find yourself looking for something that doesn’t exist? Chances are, you’re not the only one frustrated, and you’re not the only one who wants that nonexistent thing. Make what you want to buy yourself, and other people will probably want it too.

Decide on your product or service. 2. Set up a website, even a very basic one (you can get a free one from WordPress.org). 3. Develop an offer (an offer is distinct from a product or service; see Chapter 7 for help). 4. Ensure you have a way to get paid (get a free PayPal account to start). 5. Announce your offer to the world (see Chapter 9 for more on this). 6. Learn from steps 1 through 5, then repeat.

But one way or another … just do something. Friedrich Engels said: “An ounce of action is worth a ton of theory.” Choose the ounce of action today. 

Simply put, we want more of some things and less of others. In the “More” column are things such as love, money, acceptance, and free time.

Benny says he gets paid for learning languages, but as you can see, there’s more to the story: He actually gets paid for helping people. True, the inspirational side is important (people enjoy watching and sharing his videos), but without the helpfulness, he would just be the sober Irishman who speaks a lot of languages and there would be no business model.

Almost any business can create a continuity program. Speaking of book clubs, there is also a Pickle of the Month Club, an Olive Oil of the Month Club, and a Dog Treat of the Month Club. In Portland, my friend Jessie operates a Cupcake of the Month club.

Brian doesn’t spend much time worrying about what other people are doing—he worries about improving his customers’ lives through helpful services. As a result, he gets paid over and over again.

Every morning, set aside forty-five minutes without Internet access. Devote this time exclusively to activities that improve your business—nothing that merely maintains the business. Think forward motion … What can you do to keep things moving ahead? Consider these areas:

  • BUSINESS DEVELOPMENT. This is work that grows the business. What new products or services are in the works? Are there any partnerships or joint ventures you’re pursuing?
  • OFFER DEVELOPMENT. This kind of work involves using existing resources in a new way. Can you create a sale, launch event, or new offer to generate attention and income?

More than competition or other external factors, the biggest battle is against our own fear and inertia. Thankfully, this also means we are in complete control of managing it.

Give people what they really want. Give them the fish! 2. Sell emotional benefits (“Be a cowboy”) instead of descriptive features (“Ride horses”)