Comments on: How To Make A Million Dollars http://www.erica.biz/2008/how-to-make-a-million-dollars/ Erica Douglass, "temporarily retired" after selling a successful business at age 26, writes thought-provoking blog entries challenging you to change your life and daring you to become more successful. Tue, 06 Jan 2009 11:04:53 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Chester http://www.erica.biz/2008/how-to-make-a-million-dollars/comment-page-1/#comment-134122 Chester Fri, 14 Nov 2008 19:19:49 +0000 http://www.erica.biz/?p=273#comment-134122 I am pretty convinced that it is not that hard to make 1 million dollar from blogging, but it all take lots of effort and time, and we all need to network around with others who are important in the industry so that we can help each other to be successful in the business. At least that's what I have in mind right now :) I am pretty convinced that it is not that hard to make 1 million dollar from blogging, but it all take lots of effort and time, and we all need to network around with others who are important in the industry so that we can help each other to be successful in the business.

At least that’s what I have in mind right now :)

]]> By: Sire http://www.erica.biz/2008/how-to-make-a-million-dollars/comment-page-1/#comment-129105 Sire Tue, 09 Sep 2008 08:07:07 +0000 http://www.erica.biz/?p=273#comment-129105 An inspiring post indeed. I have had several different businesses and I can attest to the fact that timing is of the essence in regards to when one should sell a business. Jumping the gun can both save or cost you a lot of money. I have also learned when choosing a business one needs to know both your customers and the companies providing the services/goods that you sell on to those customers. An inspiring post indeed. I have had several different businesses and I can attest to the fact that timing is of the essence in regards to when one should sell a business. Jumping the gun can both save or cost you a lot of money.

I have also learned when choosing a business one needs to know both your customers and the companies providing the services/goods that you sell on to those customers.

]]> By: Mitch http://www.erica.biz/2008/how-to-make-a-million-dollars/comment-page-1/#comment-129097 Mitch Tue, 09 Sep 2008 04:13:08 +0000 http://www.erica.biz/?p=273#comment-129097 My goodness, this was a great and inspiring post. Very well written, I must say. I've been in business for 7 years now, and I've been tempted from time to time to give it up and get a traditional job. But I like the freedom, plus I still remember my one great year where I made tons. I'm also starting to think that trying to go cheap isn't the way to run business either; I'm better than cheap. Thanks for the reinforcement of my thoughts. My goodness, this was a great and inspiring post. Very well written, I must say. I’ve been in business for 7 years now, and I’ve been tempted from time to time to give it up and get a traditional job. But I like the freedom, plus I still remember my one great year where I made tons. I’m also starting to think that trying to go cheap isn’t the way to run business either; I’m better than cheap. Thanks for the reinforcement of my thoughts.

]]> By: sandy http://www.erica.biz/2008/how-to-make-a-million-dollars/comment-page-1/#comment-127527 sandy Mon, 25 Aug 2008 18:50:11 +0000 http://www.erica.biz/?p=273#comment-127527 I am a housewife in need of making money working from home. I am afraid of the work from home scam jobs. what are some legitimate company's like the one you started out with? I am a housewife in need of making money working from home. I am afraid of the work from home scam jobs. what are some legitimate company’s like the one you started out with?

]]> By: Richard http://www.erica.biz/2008/how-to-make-a-million-dollars/comment-page-1/#comment-125121 Richard Tue, 29 Jul 2008 09:26:24 +0000 http://www.erica.biz/?p=273#comment-125121 What I find most interesting is how this American book focuses on Middle-class millionaires. In the UK rags to riches stories such as JK Rowling and Alan Sugar get far more recognition. I think in the UK, at least, the middle-classes are seen as a lot that do well with money, but who lack various necessary traits to be rich. It's refreshing to hear a different view. What I find most interesting is how this American book focuses on Middle-class millionaires.
In the UK rags to riches stories such as JK Rowling and Alan Sugar get far more recognition.

I think in the UK, at least, the middle-classes are seen as a lot that do well with money, but who lack various necessary traits to be rich. It’s refreshing to hear a different view.

]]> By: Ronnie http://www.erica.biz/2008/how-to-make-a-million-dollars/comment-page-1/#comment-124710 Ronnie Fri, 25 Jul 2008 07:51:06 +0000 http://www.erica.biz/?p=273#comment-124710 I loved the advice you gave, especially considering your accomplished credentials. Focus on offering premium service is key and an excellent point. Like Tim Ferriss noted, people who can afford and are willing to pay "more premium" = less complaints, less hassle, fewer returns....basically not as high maintenance or time consuming as people could be if you offered lower quality stuff. Did you find any relevance or experiences that relates to what Tim said in 4HWW? I loved the advice you gave, especially considering your accomplished credentials.

Focus on offering premium service is key and an excellent point. Like Tim Ferriss noted, people who can afford and are willing to pay “more premium” = less complaints, less hassle, fewer returns….basically not as high maintenance or time consuming as people could be if you offered lower quality stuff. Did you find any relevance or experiences that relates to what Tim said in 4HWW?

]]> By: Tyler Rorabaugh http://www.erica.biz/2008/how-to-make-a-million-dollars/comment-page-1/#comment-124650 Tyler Rorabaugh Thu, 24 Jul 2008 18:58:03 +0000 http://www.erica.biz/?p=273#comment-124650 Erica, The advice is excellent and I applaud your concepts. Have you thought about adding site within facebook? Erica,

The advice is excellent and I applaud your concepts. Have you thought about adding site within facebook?

]]> By: Lewis Schiff http://www.erica.biz/2008/how-to-make-a-million-dollars/comment-page-1/#comment-124641 Lewis Schiff Thu, 24 Jul 2008 16:36:12 +0000 http://www.erica.biz/?p=273#comment-124641 Thanks for the excellent coverage of The Middle-Class Millionaire. It's thrilling to see how you've applied the lessons of the research study of 3,714 households to your own experience. Best of luck on your "retirement." Thanks for the excellent coverage of The Middle-Class Millionaire. It’s thrilling to see how you’ve applied the lessons of the research study of 3,714 households to your own experience.

Best of luck on your “retirement.”

]]> By: Dave http://www.erica.biz/2008/how-to-make-a-million-dollars/comment-page-1/#comment-124566 Dave Thu, 24 Jul 2008 01:26:08 +0000 http://www.erica.biz/?p=273#comment-124566 I agree: you are on your way to a book. Couple of comments: * I'm building several businesses at the same time, unified in part by my ability to generate content for all them without much difficulty. Monetizing the content for one of them will provide leverage for the others. That being said, I do have a day job (software subcontractor) which I have no intention of quitting anytime soon. It's one of the businesses anyway. At some point, one these ventures will catch fire... then it's off to the races. * I don't have a problem working 8-16 hours per day until I get the fundamentals mastered. I can do my own books now and will farm that out at some point. Next up is web site construction and marketing these projects. I won't outsource this stuff until I get a grip on the technology and have revenue coming in to pay the subcontractors. One principle I adhere to: A good manager should be able to more or less do an adequate job of any of his or her immediately subordinate people. Very difficult to assess someone's quality of work unless you can do their job to some extent. Two or more steps down the food chain, not so important. Isn't it curious that here in the SF Bay area, a hot bed of entrepreneurs, so few are MBAs? Nothing against an MBA, I just find it curious. Thanks for your thoughts! -d I agree: you are on your way to a book.

Couple of comments:

* I’m building several businesses at the same time, unified in part by my ability to generate content for all them without much difficulty. Monetizing the content for one of them will provide leverage for the others. That being said, I do have a day job (software subcontractor) which I have no intention of quitting anytime soon. It’s one of the businesses anyway. At some point, one these ventures will catch fire… then it’s off to the races.

* I don’t have a problem working 8-16 hours per day until I get the fundamentals mastered. I can do my own books now and will farm that out at some point. Next up is web site construction and marketing these projects. I won’t outsource this stuff until I get a grip on the technology and have revenue coming in to pay the subcontractors.

One principle I adhere to: A good manager should be able to more or less do an adequate job of any of his or her immediately subordinate people. Very difficult to assess someone’s quality of work unless you can do their job to some extent. Two or more steps down the food chain, not so important.

Isn’t it curious that here in the SF Bay area, a hot bed of entrepreneurs, so few are MBAs? Nothing against an MBA, I just find it curious.

Thanks for your thoughts!

-d

]]> By: Chris Mahan http://www.erica.biz/2008/how-to-make-a-million-dollars/comment-page-1/#comment-124547 Chris Mahan Wed, 23 Jul 2008 21:07:38 +0000 http://www.erica.biz/?p=273#comment-124547 Hey, great post!!! Make a 100 posts like that, synthesize them, and you've got a great book! Speak from the trenches. People take you more seriously when there's mud on your boots. It shows them you speak from experience. People value that. I value that. Hey, great post!!!

Make a 100 posts like that, synthesize them, and you’ve got a great book!

Speak from the trenches. People take you more seriously when there’s mud on your boots. It shows them you speak from experience. People value that.

I value that.

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