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



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The 100 Startup Reinvent the Way You Make a Living, Do What You Love, and Create a New Future by Chris Guillebeau (z-lib.org).epub

The $100 Recap
 
Before we close it out, let’s look back at the key lessons of this book. First
and  most  important,  the  quest  for  personal  freedom  lies  in  the  pursuit  of
value for others. Get this right from the beginning and the rest will be much
easier. Always ask, “How can I help people more?”
Borrowing  money  to  start  a  business,  or  going  into  debt  at  all,  is  now
completely optional. Like many of the people you met in this book, you can
start your own microbusiness for $100 or less.
Focus relentlessly on the point of convergence between what you love to
do and what other people are willing to pay for. Remember that most core
needs are emotional: We want to be loved and affirmed. Relate your product
or service to attractive benefits, not boring features.
If you’re good at one thing, you’re probably good at something else. Use
the process of skill transformation to think about all the things you’re good
at, not just the obvious ones.
Find out what people want, and find a way to give it to them. Give them
the fish!
There  is  no  consulting  school.  You  can  set  up  shop  and  charge  for
specialized  help  immediately.  (Just  remember  to  offer  something  specific
and provide an easy way to get paid.)


Some business models are easier than others to start on a budget. Unless
you have a compelling reason to do something different, think about how
you can participate in the knowledge economy.
Action beats planning. Use the One-Page Business Plan and other quick-
start guides to get under way without waiting.
Crafting  an  offer,  hustling,  and  producing  a  launch  event  will  generate
much  greater  results  than  simply  releasing  your  product  or  service  to  the
world with no fanfare.
The  first  $1.26  is  the  hardest,  so  find  a  way  to  get  your  first  sale  as
quickly as possible. Then work on improving the things that are working,
while ignoring the things that aren’t.
By “franchising yourself” through partnerships, outsourcing, or creating
a different business, you can be in more than one place at the same time.
Decide  for  yourself  what  kind  of  business  you’d  like  to  build.  There’s
nothing wrong with deliberately staying small (many of the subjects of our
stories did exactly that) or scaling up in the right way.
It only gets better as you go along.
When  we  last  left  off,  Jamestown  Coffee  Company  was  opening  for
business in Lexington, South Carolina. Owner James Kirk had moved south
from  Seattle  and  kicked  things  off.  What  happened  next?  Did  a  flood  of
loyal visitors show up right away?
Not exactly. It was a tough start, settling into a community not familiar
with specialty coffee. The shop grew one customer at a time, with a focus
on  providing  personal  experiences  and  encouraging  repeat  business.  One
weekend, James and his crew gave out coupons for a free coffee at a local
golf  tournament.  A  man  stopped  in  to  redeem  his  coupon  and  mentioned
that  he  normally  picked  up  his  morning  cup  at  the  gas  station  but  was
inspired to try something new. The next day he returned, saying it was the
best cup of coffee he had ever had.
A morning group began to gather most weekdays, consisting of regulars
from all kinds of backgrounds—a lawyer, a clergyman, a computer guy, a
mechanic. People who used to buy instant coffee at the grocery store began
making a special trip every week to pick up the superior stuff at Jamestown
Coffee Company. Slowly but surely, the business stabilized.
James  thought  back  on  the  discouragement  he  had  received  from  well-
meaning  friends  when  he  first  told  them  about  moving  down  south.  “You
can’t start a business during a recession,” they said. “You can’t move across


the  country  without  a  job.”  “Most  small  businesses  fail  within  one  year.”
“Almost all mom and pop restaurants fail within the first year.” On and on it
went.  And  every  time  someone  gave  him  a  reason  he  couldn’t  succeed  in
what  he  had  set  out  to  do,  he  made  another  note  in  his  “non-planning”
folder: merely one more obstacle to overcome.
Elsewhere,  Jen  and  Omar  continued  making  their  maps  in  Columbus,
Ohio, expanding to wholesale accounts in addition to the direct sales with
which they started. They were featured recently in an Expedia commercial
and are thinking about opening up a boutique travel store as part of the next
adventure.
Karol Gajda and Adam Baker produced two other mega-sales, each one
bringing in a six-figure payday for themselves and their affiliates. I asked
for  their  help  in  producing  the  launch  for  this  book  just  as  soon  as  they
finished carrying the bags of cash to the bank.
Brandon Pearce was planning a family move to Malaysia. The business
now brings in over $50,000 a month.
Benny  Lewis  was  still  language  hacking  his  way  around  the  world,
moving  to  Istanbul  for  a  crash  course  in  Turkish.  Next  up:  a  planned
attempt at learning Mandarin Chinese in Taiwan.
The Mondo Beyondo course started by Andrea Scher and Jen Lemen has
served more than five thousand participants, producing $500,000 in revenue
for the two partners.
Brett Kelly’s $120,000 e-book has become a $160,000 e-book. His wife
continues to stay at home with the kids, and they are now completely debt-
free.
Perhaps  the  most  important  lesson  arrived  in  an  email  from  Emily
Cavalier,  who  had  recently  left  a  high-paying  job  in  Manhattan  to  pursue
Mouth of the Border, a tour and events business focused on ethnic foods. I
asked  how  often  she  still  felt  motivated  to  go  it  alone,  and  she  told  me:
“Every single day. The greatest benefit has been going to bed just as excited
as if not more excited than when I woke up. I get to work day in, day out on
something  that  fully  engages  me  and  elicits  not  just  my  passions  but  the
passion of tons of other people, too.”
Yes, like Emily and everyone else in this book, you can do this too. You
aren’t alone out there.
Sure, you can learn through failure, and most likely you’ll have at least
one false start on the road to freedom. But failure is overrated—who says


you’ll fail? You can just as easily succeed. You can apply the lessons from
these stories and create the new life you want.
Ready?

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