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Episode

#318: One-Person Businesses That Make $1M+ Per Year
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1:04:59
Published: Thu Jun 07 2018
Description

This podcast episode of The Tim Ferriss Show is coming up on the 11th anniversary of my first book, The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich. While there are parts written by my 29-year-old self that make me cringe, I'm both honored and amazed that it continues to strike a chord with so many.Rather than re-editing the book and risking the loss of whatever made it work in the first place, I'd like to share case studies of people who have used it as a blueprint to build successful businesses as detailed in The Million-Dollar, One-Person Business by freelance journalist Elaine Pofeldt (@ElainePofeldt).Much like 11 years ago, I hope this episode inspires more people to make a change for the better and accomplish more than they thought possible.Please enjoy this episode!This podcast is brought to you by 99designs, the world's largest marketplace of graphic designers. I have used them for years to create some amazing designs. Whether your business needs a logo, website design, business card, or anything you can imagine, check out 99designs.I used them to rapid prototype the cover for The Tao of Seneca, and I've also had them help with display advertising and illustrations. If you want a more personalized approach, I recommend their 1-on-1 service. You get original designs from designers around the world. The best part? You provide your feedback, and then you end up with a product that you're happy with or your money back. Click this link and get a free $99 upgrade. This episode is also brought to you by LegalZoom. I've used this service for many of my businesses, as have quite a few of the icons on this podcast such as Automattic CEO Matt Mullenweg of WordPress fame.LegalZoom is a reliable resource that more than a million people have already trusted for everything from setting up wills, proper trademark searches, forming LLCs, setting up non-profits, or finding simple cease-and-desist letter templates.LegalZoom is not a law firm, but it does have a network of independent attorneys available in most states who can give you advice on the best way to get started, provide contract reviews, and otherwise help you run your business with complete transparency and up-front pricing. Check out LegalZoom.com and enter promo code TIM at checkout today for special savings and see how the fine folks there can make life easier for you and your business.***If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. I also love reading the reviews!For show notes and past guests, please visit tim.blog/podcast.Sign up for Tim’s email newsletter (“5-Bullet Friday”) at tim.blog/friday.For transcripts of episodes, go to tim.blog/transcripts.Interested in sponsoring the podcast? Please fill out the form at tim.blog/sponsor.Discover Tim’s books: tim.blog/books.Follow Tim:Twitter: twitter.com/tferriss Instagram: instagram.com/timferrissFacebook: facebook.com/timferriss YouTube: youtube.com/timferrissPast guests on The Tim Ferriss Show include Jerry Seinfeld, Hugh Jackman, Dr. Jane Goodall, LeBron James, Kevin Hart, Doris Kearns Goodwin, Jamie Foxx, Matthew McConaughey, Esther Perel, Elizabeth Gilbert, Terry Crews, Sia, Yuval Noah Harari, Malcolm Gladwell, Madeleine Albright, Cheryl Strayed, Jim Collins, Mary Karr, Maria Popova, Sam Harris, Michael Phelps, Bob Iger, Edward Norton, Arnold Schwarzenegger, Neil Strauss, Ken Burns, Maria Sharapova, Marc Andreessen, Neil Gaiman, Neil de Grasse Tyson, Jocko Willink, Daniel Ek, Kelly Slater, Dr. Peter Attia, Seth Godin, Howard Marks, Dr. Brené Brown, Eric Schmidt, Michael Lewis, Joe Gebbia, Michael Pollan, Dr. Jordan Peterson, Vince Vaughn, Brian Koppelman, Ramit Sethi, Dax Shepard, Tony Robbins, Jim Dethmer, Dan Harris, Ray Dalio, Naval Ravikant, Vitalik Buterin, Elizabeth Lesser, Amanda Palmer, Katie Haun, Sir Richard Branson, Chuck Palahniuk, Arianna Huffington, Reid Hoffman, Bill Burr, Whitney Cummings, Rick Rubin, Dr. Vivek Murthy, Darren Aronofsky, and many more.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Chapters
Tim Ferris talks about his popular email newsletter "Five Bullet Friday" which includes short recommendations of the coolest things he's found that week, from apps to gadgets to new self experiments.
00:00 - 01:01 (01:01)
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Newsletters
Summary

Tim Ferris talks about his popular email newsletter "Five Bullet Friday" which includes short recommendations of the coolest things he's found that week, from apps to gadgets to new self experiments.

Episode
#318: One-Person Businesses That Make $1M+ Per Year
Podcast
The Tim Ferriss Show
The Tim Ferriss Show features Athletic Greens, an all-in-one formula packed with approximately 75 vitamins, minerals, and whole food sourced ingredients, making it one of the most nutrient dense and comprehensive formulas available on the market.
01:01 - 04:23 (03:22)
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Athletic Greens
Summary

The Tim Ferriss Show features Athletic Greens, an all-in-one formula packed with approximately 75 vitamins, minerals, and whole food sourced ingredients, making it one of the most nutrient dense and comprehensive formulas available on the market.

Episode
#318: One-Person Businesses That Make $1M+ Per Year
Podcast
The Tim Ferriss Show
Tim Ferriss discusses his book, The Four Hour Work Week, and how it aims to inspire readers to do more with their time and hourly output.
04:23 - 09:58 (05:34)
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Tim Ferriss
Summary

Tim Ferriss discusses his book, The Four Hour Work Week, and how it aims to inspire readers to do more with their time and hourly output. Despite some cringe-worthy passages, Ferriss has not edited or changed the book, as he fears losing the magic that ended up in its making.

Episode
#318: One-Person Businesses That Make $1M+ Per Year
Podcast
The Tim Ferriss Show
The author shares success stories of readers who have applied the case studies from "The Four Hour Workweek".
09:58 - 16:00 (06:02)
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Business
Summary

The author shares success stories of readers who have applied the case studies from "The Four Hour Workweek". These stories demonstrate how the book has transformed their lives and businesses.

Episode
#318: One-Person Businesses That Make $1M+ Per Year
Podcast
The Tim Ferriss Show
Learn about the six categories of businesses that typically hit the million dollar range, including the importance of automation tools like software for internet businesses.
16:00 - 24:56 (08:56)
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Entrepreneurship
Summary

Learn about the six categories of businesses that typically hit the million dollar range, including the importance of automation tools like software for internet businesses. The book "The 4-Hour Workweek" offers guidance on optimizing a website's design for maximum sales without the need for a web developer.

Episode
#318: One-Person Businesses That Make $1M+ Per Year
Podcast
The Tim Ferriss Show
Camille found the Comfort Challenges in Tim Ferriss' book helped her leave her corporate job by breaking her fear of social conformity through weird and uncomfortable challenges, such as publicly relaxing on the sidewalk.
24:56 - 29:01 (04:05)
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Social conformity
Summary

Camille found the Comfort Challenges in Tim Ferriss' book helped her leave her corporate job by breaking her fear of social conformity through weird and uncomfortable challenges, such as publicly relaxing on the sidewalk.

Episode
#318: One-Person Businesses That Make $1M+ Per Year
Podcast
The Tim Ferriss Show
Jack Dorsey's approach to breaking your week into Maker and Manager days, as well as the success story of a subscription-based e-commerce site that started with online courses in martial arts and expanded into ergonomic mats.
29:01 - 42:57 (13:56)
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Time management
Summary

Jack Dorsey's approach to breaking your week into Maker and Manager days, as well as the success story of a subscription-based e-commerce site that started with online courses in martial arts and expanded into ergonomic mats.

Episode
#318: One-Person Businesses That Make $1M+ Per Year
Podcast
The Tim Ferriss Show
Two entrepreneurs, Orman Ansari and Jason Gay-Gnard, share their stories of embracing geographic mobility and keeping their businesses small, respectively, rather than succumbing to pressures of traditional, large-scale business growth.
42:57 - 1:04:02 (21:05)
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Entrepreneurship
Summary

Two entrepreneurs, Orman Ansari and Jason Gay-Gnard, share their stories of embracing geographic mobility and keeping their businesses small, respectively, rather than succumbing to pressures of traditional, large-scale business growth. They both found ways to live their ideal lifestyles while still growing their businesses, whether it be through hiring contractors or intentionally keeping the business small.

Episode
#318: One-Person Businesses That Make $1M+ Per Year
Podcast
The Tim Ferriss Show