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1. 10 Books That Have ‘Fuck’ In Their Title
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How to get rich the smart way? Read what some creative people did:
1000000 pixels, charge a dollar per pixel – that’s perhaps the dumbest idea for online business anyone could have possible come up with. Still, Alex Tew, a 21-year-old who came up with the idea, is now a millionaire.
2. SantaMail
Ok, how’s that for a brilliant idea. Get a postal address at North Pole, Alaska, pretend you are Santa Claus and charge parents 10 bucks for every letter you send to their kids? Well, Byron Reese sent over 200000 letters since the start of the business in 2001, which makes him a couple million dollars richer. Full Story
3. Doggles
Create goggles for dogs and sell them online? Boy, this IS the dumbest idea for a business. How in the world did they manage to become millionaires and have shops all over the world with that one? Beyond me.
4. LaserMonks
LaserMonks.com is a for-profit subsidiary of the Cistercian Abbey of Our Lady of Spring Bank, an eight-monk monastery in the hills of Monroe County, 90 miles northwest of Madison. Yeah, real monks refilling your cartridges. Hallelujah! Their 2005 sales were $2.5 million! Praise the Lord. Full Story
5. AntennaBalls
You can’t sell antenna ball online. There is no way. And surely it wouldn’t make you rich. But this is exactly what Jason Wall did, and now he is now a millionaire. Full Story
6. FitDeck
Create a deck of cards featuring exercise routines, and sell it online for $18.95. Sounds like a disaster idea to me. But former Navy SEAL and fitness instructor Phil Black reported last year sales of $4.7 million. Surely beats what military pays.
How would you like to go on a date with an HIV positive person? Paul Graves and Brandon Koechlin thought that someone would, so they created a dating site for HIV positive folks last year. Projected 2006 sales are $110,000, and the two hope to have 50,000 members by their two-year mark.
Christie Rein was tired of carrying diapers around in a freezer bag. The 34-year-old mother of three found herself constantly stuffing diapers for her infant son into freezer bags to keep them from getting scrunched up in her purse. Rein wanted something that was compact, sleek and stylish, so in November 2004, she sat down with her husband, Marcus, who helped her design a custom diaper bag that’s big enough to hold a travel pack of wipes and two to four diapers. With more than $180,000 in sales for 2005, Christie’s company, Diapees & Wipees, has bags in 22 different styles, available online and in 120 boutiques across the globe for $14.99.
9. PickyDomains
Hire another person to think of a cool domain name for you? No way people would pay for this. Actually, naming domain names for others turned out a thriving business, especially, when you make the entire process risk free. PickyDomains currently has a waiting list of people who want to PAY the service to come up with a snappy memorable domain name. PickyDomains is expected to hit six figures this year. Full Story
Fake wishbones. Now, this stupid idea is just destined to flop. Who in the world needs FAKE PLASTIC wishbones? A lot of people, it turns out. Now producing 30,000 wishbones daily (they retail for 3 bucks a pop) Ken Ahroni, the company founder, expects 2006 sales to reach $1 million.
To see other businesses that have not made the top 10 list but came pretty close, visit Business Ideas Blog
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Books on startups:
Startups That Work: Surprising Research on What Makes or Breaks a New Company
Start Your Own Business for $1,000 or Less
The 100 Best Businesses to Start When You Don’t Want to Work Hard Anymore
The Toy and Game Inventor’s Handbook
Getting Rich in Your Underwear: How to Start and Run a Profitable Home-Based Business
Bill Bonner is an author of books and articles on economic and financial subjects. He is the founder and president of Agora Publishing,and the principal author of a daily financial column known as The Daily Reckoning. Bonner co-authored Financial Reckoning Day: Surviving The Soft Depression of The 21st Century and Empire of Debt with Addison Wiggin and Mobs, Messiahs and Markets with Lila Rajiva. In his first two books and in The Daily Reckoning, Bonner argues that the financial future of the United States is in peril because of various economic and demographic trends, not the least of which is America’s large trade deficit. He claims that America’s foreign policy exploits are tantamount to the establishment of an empire, and the price of maintaining such an empire could accelerate America’s eventual decline. Bonner argues in his latest book that mob and mass delusions are part of the human condition.
James Howard Kunstler says he wrote The Geography of Nowhere, “Because I believe a lot of people share my feelings about the tragic landscape of highway strips, parking lots, housing tracts, mega-malls, junked cities, and ravaged countryside that makes up the everyday environment where most Americans live and work.” Home From Nowhere was a continuation of that discussion with an emphasis on the remedies. A portion of it appeared as the cover story in the September 1996 Atlantic Monthly. His latest book, The Long Emergency, published by the Atlantic Monthly Press in 2005, is about the challenges posed by the coming permanent global oil crisis, climate change, and other “converging catastrophes of the 21st Century.”
3. http://bigpicture.typepad.com/
Capital goes to where its treated best. All the bully pulpit speeches and wishful thinking cannot change that reality. The Fed’s mad dash towards zero interest rate policy (ZIRP) has debased the dollar in pursuit of an even more absurd policy aim: ending the ups and downs of the business cycle. Who is more culpable: The emperor, or those who comment on his finely woven garb?
John Rubino is co-author, with GoldMoney’s James Turk, of The Coming Collapse of the Dollar and How to Profit From It (Doubleday, December 2004), and author of How to Profit from the Coming Real Estate Bust (Rodale, 2003) . The guy was able to predict two major busts three years before they became the reality. After earning a Finance MBA from New York University, he spent the 1980s on Wall Street, as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990s he was a featured columnist with TheStreet.com and a frequent contributor to Individual Investor, Online Investor, and Consumers Digest, among many other publications. He now writes for Fidelity Magazine and CFA.
5. http://angrybear.blogspot.com/
Left of center economic commentary on news, politics, and the economy.
6. Mish’s Global Economic Trend Analysis
Thoughts on the global economy, housing, gold, silver, interest rates, oil, energy, China, commodities, the dollar, Euro, Renminbi, Yen, inflation, deflation, stagflation, precious metals, emerging markets, and policy decisions that affect the global markets.
Don’t expect matters to improve any time soon. We’ve entered the “every man for himself” phase, and we will no doubt see unintended consequences
8. Peter Schiff
Schiff frequently appears as a guest on CNBC, Fox News, and Bloomberg Television and is often quoted in major financial publications. He is known for his extremely bearish views on the United States stock market, bond market, the US dollar, and the United States economy in general for which he has earned the nickname “Dr. Doom.” He is currently an economic adviser for the Ron Paul presidential campaign. His father is tax protester Irwin Schiff. Schiff also hosts a live internet radio show called “Wall Street Unspun.”
9. http://gregmankiw.blogspot.com/
Random Observations for Students of Economics
10. http://themessthatgreenspanmade.blogspot.com/
How eighteen years of the easy money have changed the world
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