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Four Hour Work Week – My Arse!

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4HWW - Australian Edition

4HWW - Australian Edition

My arse indeed Tim Ferriss. Let’s get things straight, I’ve read the Four Hour Work Week (4HWW), I love it and it’s consumed my life for the last 9 months. I’ve recommended it to a dozen people and given away about three copies. (Affiliate commission cheque in the mail?).

The concept is great, create an automated income stream by developing a muse product to sell online, and thus scaling your own work commitments back to only four hours per week, while having your bank account swell to fund your custom designed lifestyle of jet-setting, traveling, dancing around in South America and learning foreign languages.

You spend 4 hours a week at work making coffee.

You’ll finish reading this book and have a sense of drive, hopefully you realise that your current situation of converting your time for an income is ridiculous. Do you want a successful career or automated money, deposited into your bank every week, offering you the freedom to do whatever you like? Your friends don’t care that you put in 60 hours at the office this week, but they’ll sit up and take note if you’re cashed up and DON’T have to go to the office.

In the book, Tim Ferriss establishes a protein/supplement product which he sells on line. This is used as his vehicle for automation, dealing with clients, outsourcing tasks, streamlining website sales and generating an income stream.

So there I was, sitting in the airport and pouring through my copy of 4HWW. Almost hiding it from view from people who passed by as if I’d been let in on a secret; lifestyle design, escaping the 9-5 and all that jazz and I didn’t want anyone else to know about it until I’d cracked the code myself.

Skip the first couple of chapters.

If only Tim Ferriss had released a precursor to the Four Hour Work Week. He managed to gloss over it in the book, but in order to build his company and finally crack under the workload of a hundred hours per week, he actually had to build a company. He didn’t manage to fund his ideal lifestyle by:

  • writing google Adwords ads to shitty online products and collect an affiliate commission from Clickbank,
  • writing some fluffy self help eBook about freeing himself from work and how you can to, by buying the fluffy eBook, which is about how to write your own fluffy eBook and sell it,
  • starting a blog, building subscribers and a sense of trust and then try and sell them a product.

Nope, he started a legitimate business & product that provided REAL, tangible and direct value to the customer. Dealt with sales issues & keeping customers happy and then removed himself from the decision tree in an effort to automate.

He started his own company & launched a product, built a client base, managed sales, worked his arse off and then outsourced & automated.

I wish someone had told me this before I read the 4HWW. Everyone reads the book, gets a fuzzy notion that you can sell a crappy product, set up a website, buy a few keywords from google and point them at your site to drive traffic. Now you only need to sell 8 alarm clocks per day to fund your ideal lifestyle.

Unfortunately (or fortunately?) the 4HWW has sold a truckload of copies. So now everyone has had a wake-up call, sadly every man and his dog are trying to think of the next muse, the next product that can be manufactured in china for 30 cents and drop shipped to needy customers all over the world.

I’d still recommend the book to people, as a starting point. I’m still getting strange looks when I tell people I’ve thrown my job in to finish off my muse, build a client base and focus on marketing and sales.

The 4HWW is a snap shot of what Tim had accomplished; it glossed over his hard yards and focused on the jet setting, the automation and the lifestyle. It makes a good story and acts as a good first step for people who are stuck in the 9 – 5 to realise that there ‘might’ be something else out there. I can definitely credit the book with giving me the kick in the arse I needed.

What’s been your experience since reading the 4HWW? Have you read it? Are you still trying to think of the ever elusive muse?

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Written by Andrew

November 19th, 2009 at 11:28 pm

  • Grant R. Nieddu
    Bam!

    Nailed it, Andrew! I have learned to read the gurus, get pumped, let it pour over me, then filter it with, Yeah, but how did they REALLY do it.

    I spend tons of time reading background on these people to get an accurate picture of what actually happened. A new book, The Leap (I think) covers some of the real stories to great success stories.

    Keep sparking it up, man!

    Grant
  • Andrew,

    I've not yet read it. I've thought about it a few hundred times; but I've just been to skeptical. However, now having this preface I think it might be time to.. borrow it from the library. :)

    Thanks for a great post.

    Cheers!
    Dena
  • To be honest, the above review just confirms my annoyance with all such books: They claim to offer to tell you how to become an entrepenuer machine, but skip gleefully over the part where you have to make up a product people actually want to buy it. And manufacture it. And sell it.

    Then, once you're pretty much rich, you can stop working quite so hard. Gosh, did I already know that?
  • Tim works hard. Hard work doesn't sell as well as freedom and "new rich".

    Kind of like how they don't promote lottery tickets based on the minuscule chances of winning.
  • I took the whole supplement story as a cautionary tale of what not to do. Basically, he's saying what he learned from making a ton of mistakes so the rest of us don't have to.

    What I took away from it was to structure the processes properly before you build them so you don't end up on the verge of a nervous breakdown.

    Here's another post on Corbett's blog that covers a similar topick... Check it...
    http://www.freepursuits.com/the-4-hour-work-wee...
  • Hahaha

    "writing some fluffy self help eBook about freeing himself from work and how you can to, by buying the fluffy eBook, which is about how to write your own fluffy eBook and sell it"

    I love it.

    Gary Vaynerchuk explains it well by saying you just need to work your ass off: http://www.youtube.com/watch?v=EhqZ0RU95d4&...

    I've got a few things in the works, including drop shipping, coupon sites, and maybe starting a blog. I figure if I work my ass off, something will pay off and create some passive income.
  • Andrew
    Hi Tony,

    Thanks for reading. Yeh man it's a bit wrong, blogs about how to blog, or I could sell you an eBook about how to sell eBooks, it's the pyramid scheme of the 90's. You'll enjoy having a read of this -> http://rulesoptional.com/blogging-is-a-ponzi-sc... Much better said over there.

    Andrew
  • These are great points that I definitely agree with, especially about the fluffy eBook market. His book did get me fired up about the prospect of being able to fund my ideal lifestyle. Now I just need to find my own way to execute, so I guess you could say that I am still searching for my elusive muse but I want to do it with a legitimate product that I am passionate about.
  • Andrew
    Have to agreed with a legitimate product. Everyone in the internet world knows there are a few... 'sore points' out there; weight loss, happiness, get rich now, so any product aimed at that market already has a credit card ready audience.

    The 'legitimate' product stands out for me. Then we could team up and write an eBook on how to make a legitimate product? haha. :)
  • A friend of mine just emailed me one of your articles from a while back. I read that one a few more. Really enjoy your blog. Thanks
  • Andrew, I'm reading again that part now, but my online application is free and my plan is to make some money though advertising.
  • I totally agree. The title is misleading since it's obvious that Tim worked his butt off to set up his drug company initially - in fact he talks about how burnt out he was as a result. And he still works damn hard at the stuff he does these days - speaking, writing, researching experiments with pushing the boundaries the abilities of the mind and body, networking... I think the real value in his book is in the example of identifying and challenging limiting assumptions about what work is, where you get your income, how you spend your time, how much money you need to enjoy life and so on.

    People will always fall for the ideal of the opportunity to earn loads of cash doing very little work. That's not new and Tim smartly tapped into that with his title. It is possible to set up sources of automated income, but any significant business will take some serious investment of time (or money to pay for other people's time so you can get them to set it up for you) at the outset.
  • Andrew
    Thanks for reading Cath. I agree, Tim is some sort of super-human and anyone else could really kick back on the success of the first book, some of the stuff he's experimenting with at the moment is going to make for some interesting reading.

    One of the key points I took from the book that you mentioned was "how much money you need to enjoy life", we're never really told to 'price up' our ideal lifestyle, this whole 'wanting to be rich' thing... When it's the freedom that being 'rich' affords that's the real goal.
  • I'm still trying to create some kind of product. My experience is building online software so I'm trying something on that side. Maybe Tim should have written a book about how he created and promoted the company. His product was not easy to replicate and you don't invent a drug on a rainy day.
  • Andrew
    I'd love a 'prequel' book about the ins and outs of his business startup! But it'd probably give everything away. I really liked the 'testing the market' tools in the book though, would be worth implementing for your software hopeful?
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