Tim Ferriss is a name synonymous with making money online and he’s a global best–selling author showing people how they can change their lives.
He is most famous for his book ‘The 4-Hour Workweek’ which aims to show how people can escape from their 9-5 jobs, create a new life and live anywhere in the world to work.
The book is a phenomenal success and has been translated into 35 languages.
But he isn’t one to be tied down and recently encountered an issue from more than 1,000 bookstores which refused to stock his latest title, ‘The 4-Hour Chef’ because it is published by online giant Amazon.
Rather than accept the situation, Tim thought of other ways to promote his book and offered to donate all the profits to charity if people helped him with sales.
Incentives and ideas
He also offered incentives to the person who sold the most copies and gave them ideas on how to boost their own sales.
Anyone interested in learning how to develop the skills to create a successful online business would do well to read his first book success: ‘The 4-Hour Workweek’.
The ethos is to create a lifestyle that is not only fulfilling but also self-sustaining.
To help readers succeed, Tim then spells out how set goals, deal with time management, how to run the business and how to market.
He also throws in how to pursue happiness because you have to learn how to enjoy the rewards that your new endeavour will bring.
Tim is also a visiting lecturer at Princeton University where he talks to audiences on entrepreneurship and he says anyone wanting to achieve business success should define exactly what it is they want from life.
A waste of time
Once they have done that then they should rigorously apply the 80/20 rule – that is to focus only on the tasks that bring the majority of benefit. By sticking to his recommendations you should be able to eliminate around 80% of the tasks that waste your time.
His approach is then to automate everything and create a business that doesn’t require your presence to make it work.
There are examples and details of how he achieved this in his own life and once you have liberated yourself from the constraints of having to be on site for your work then you can move to anywhere in the world and still have the same input.
It’s no mistake that Tim Ferriss has enjoyed such global success with his books – the advice is straight-forward and accessible and, as he proved with the bookstore boycott, don’t accept that you cannot change a situation.
