How to Make $100,000 in 6 Months Tim Ferriss Shopify Competition

Could this be the perfect competition? The “Build Your Business” competition shows you how to start an automated business that could make you financially free and there’s a $100,000 prize to the winner. Tim said it best, “No more excuses!” Plus, how about $100,000 for added, “take action now” motivation!

The competition is put on by Shopify and Tim Ferriss, author of The 4-Hour Workweek.

This is an outstanding competition in so many ways. Not only is it a great way for them to market a really good product, it is great incentive for so many of us. How many of us have had a great idea and thought about starting a business, but never took the steps to make it happen? Here’s the incentive to start now – no more wasting time. It’s time for action!

Have you been laid off from your job? Or, just sick of the corporate rat race? Or, love your job, but want to start something on the side?
Whatever the case may be, here’s a great reason to take action.

For the followers of this site, you know Path Insight is all about helping people create their ideal path in life, reach goals and achieve success, so this contest is right in line with what we love (we’ve just never given away $100,000 before, so we’ll have to work on that thought).

Many people ask us questions such as: “What kind of business should I start?” “Where do I find product?” “How do I know where to start?”… or in Tim lingo, “What should be my Muse?”

We could write a book on these answers and have on some of them. Actually, there’s an e-course we’ll be releasing soon, so if you’re interested, sign up for our free e-mail list and we’ll send you the details as soon as it’s ready.

UPDATE: New FREE e-courses have been added.  Click which is appropriate for you.  We’ll teach how to 1) Find Your Passion, 2) Discover a Profitable Niche, Build and Website and Learn How to Make Money From It, and 3) Increase Traffic to the Site with Internet Marketing that works!

To get started now, here are a few resources…

• Of course, the latest expanded and updated version of Tim’s book, The 4-Hour Workweek is a great guide.  As we said on our recommended reading page, “The content of this book is truly outstanding!  It presents the concept of being able to run a business, have an income stream, outsource tasks and have the freedom to travel and enjoy life before it passes you by.  Of all the books we’ve ever found, this one was filled with more practical and useful information on how to start and run an automated business.”

• Worldwide Brands offers advice, videos and training on how to grow your business through eBiz education and direct wholesale supplier relationships. We’ve used Worldwide Brands for other businesses and especially love their product search tool.  It allows you to search for products and it shows you the companies that dropship these items and even shows you the likelihood of success of selling that product online by comparing the actual keywords entered into search engines with the number of products available for sale in online stores.

• Once you’ve found your product, if you’re looking to incorporate or create an LLC, MyCorporation is a great site by Intuit, the makers of QuickBooks.  They’ve helped over 100,000 business owners obtain their LLC or incorporation status successfully.  MyCorporation also offers trademark searches and applications, copyright registrations and more.

• If you are starting a business, you’ll want to come up with a domain name.  You can check GoDaddy to see what’s available.  If you decide to buy one, here’s a link that will give you a discount:
  GoDaddy Sale: Click here to reserve your domain name for only $7.49

• These should provide some basic help in getting you started, if you’d like more, you can see our Tools for Starting a Business page.

For those that haven’t yet heard of this contest, see Tim’s blog post here.

You can click on the links above for resources for finding the ideal business for you.  Also, you can sign up at Shopify and enter the contest.  They make it easy to set-up an online store, but if setting it up on your own is intimidating, contact us and we’ll do it for you at a huge discount since this contest is right in line with what we are all about.

Like Tim said, “No more Excuses.” Now is the time to take action! Best of luck!