Jun 21, 2020

In this episode of the Millennials in China podcast we go back to just Chris and Hope, having a conversation revolving around Tim Ferriss’ famous book “The 4-Hour Workweek” and the digital nomad trend it set off. Hope dives into Amazon FBA, one of the most popular online business models, and gives his own insight and anecdote on setting up an FBA business and living the digital nomad life.

Show Notes:

• Chris brings up “The 4-Hour Workweek” by Tim Ferriss, which he had just read recently and is immensely motivated by.
• Hope’s experience reading Tim Ferriss’ book and how that set him off on the “digital nomad” path back in 2016.
• Trading time for money vs. automated income. Should you start a side hustle while working full time?
• How Hope took the plunge into starting an Amazon FBA business, and how to overcome “paralysis by analysis.”
• How much starting capital is needed for setting up an Amazon FBA business?
• Hope talks about living the digital nomad life and how it has its pros and cons, and how he sometimes prefers to have a “homebase” where he can establish a routine in order to be productive.
• How the Amazon FBA and e-commerce landscape has changed and you can no longer just throw up a generic product and make a profit.
• Hiring virtual assistants and when it’s necessary.
• Product sourcing and niche selection tips.
• Final words of wisdom for aspiring digital nomads.

---------------------------

Listen on Apple Podcasts: https://podcasts.apple.com/ca/podcast/millennials-in-china/id1503870294

Listen on Spotify: https://open.spotify.com/show/0MwEJZnnZ2sNWje7wP0GaW?si=tWqgkgwoQCueTrEfeI3-6g

Listen on Google Podcasts: https://podcasts.google.com/?feed=aHR0cDovL21pbGxlbm5pYWxzaW5jaGluYS5jb20vcnNz

Listen on Youtube: https://www.youtube.com/channel/UCm6jqVbJ1SR_g9iTLFxyF1g

Podcast Website: http://millennialsinchina.com

Podcast Facebook: https://facebook.com/millennialsinchina

Podcast Twitter: https://twitter.com/MillennialsCN

Chris' Twitter: https://twitter.com/ChrisWood1821

Hope's Twitter: https://twitter.com/hope_freiheit

Hope’s Instagram: https://instagram.com/hope_freiheit

Hope’s Website: https://hopefreiheit.com