Comments on: For the BOLD : One of the Cheapest Ways to Start Your Online Business http://www.tropicalmba.com/for-the-bold-one-of-the-cheapest-ways-to-start-your-online-business/ Start and Grow a Global Business From Your Laptop Wed, 08 Sep 2010 08:14:01 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: TropicalMBA http://www.tropicalmba.com/for-the-bold-one-of-the-cheapest-ways-to-start-your-online-business/comment-page-1/#comment-41 TropicalMBA Tue, 26 Jan 2010 19:37:58 +0000 http://www.tropicalmba.com/?p=135#comment-41 Hey Wilson, thanks for dropping by. That's a killer budget, and it certainly helps if you are a local, but I do know some dedicated souls who have really dug in to a foreign place and achieved a burn rate of less than 500USD. Very cool stuff. No income generation stuff on the blog yet, some more over @ The Lifestyle Business Podcast. I own a company that produces and sells hard goods products. I also provide digital marketing consulting services with the help of an awesome team of employees here in Asia. Hey Wilson, thanks for dropping by. That's a killer budget, and it certainly helps if you are a local, but I do know some dedicated souls who have really dug in to a foreign place and achieved a burn rate of less than 500USD. Very cool stuff. No income generation stuff on the blog yet, some more over @ The Lifestyle Business Podcast. I own a company that produces and sells hard goods products. I also provide digital marketing consulting services with the help of an awesome team of employees here in Asia.

]]> By: Maverick Wil http://www.tropicalmba.com/for-the-bold-one-of-the-cheapest-ways-to-start-your-online-business/comment-page-1/#comment-40 Maverick Wil Tue, 26 Jan 2010 18:03:06 +0000 http://www.tropicalmba.com/?p=135#comment-40 Living in SE Asia is super affordable when you compare it to namely Europe and the US. For someone who is just starting out and need the extra resources to build their business, an individual's monthly expenses can be kept under $500 and that would still be living comfortably. Consider my own sample personal budget per month as an early 20's bachelor living in KL when I first started building my online business:<br><br>Shared Accommodation + Utilities in a very nice 3 bedroom 1200sq ft condo : $120<br>Transport : $20<br>Food : $200<br>Entertainment : $80<br>Personal Supplies + Misc : $50<br>---<br>Total $470.00<br><br>In geo-arbitrage terms for someone from a location that has a significantly higher currency value than SE Asia, that kind of living cost is a huge advantage to make it through the start-up phase. I am a Malaysian by the way so geo-arbitraging did not apply to me. Living in SE Asia is super affordable when you compare it to namely Europe and the US. For someone who is just starting out and need the extra resources to build their business, an individual's monthly expenses can be kept under $500 and that would still be living comfortably. Consider my own sample personal budget per month as an early 20's bachelor living in KL when I first started building my online business:

Shared Accommodation + Utilities in a very nice 3 bedroom 1200sq ft condo : $120
Transport : $20
Food : $200
Entertainment : $80
Personal Supplies + Misc : $50
—
Total $470.00

In geo-arbitrage terms for someone from a location that has a significantly higher currency value than SE Asia, that kind of living cost is a huge advantage to make it through the start-up phase. I am a Malaysian by the way so geo-arbitraging did not apply to me.

]]> By: Dan http://www.tropicalmba.com/for-the-bold-one-of-the-cheapest-ways-to-start-your-online-business/comment-page-1/#comment-17 Dan Wed, 23 Dec 2009 10:09:56 +0000 http://www.tropicalmba.com/?p=135#comment-17 Neil, thanks for dropping by... your list is really interesting because a lot of these "housekeeping" type tasks take a lot of time away from what really matters to us, especially in a start-up phase. I think considering very few distractions as a benefit to this lifestyle is often overlooked. Neil, thanks for dropping by… your list is really interesting because a lot of these “housekeeping” type tasks take a lot of time away from what really matters to us, especially in a start-up phase. I think considering very few distractions as a benefit to this lifestyle is often overlooked.

]]> By: NomadicNeil http://www.tropicalmba.com/for-the-bold-one-of-the-cheapest-ways-to-start-your-online-business/comment-page-1/#comment-16 NomadicNeil Wed, 23 Dec 2009 09:00:02 +0000 http://www.tropicalmba.com/?p=135#comment-16 Dan: Sorry to be posting several times... you can merge the previous ones if you want. Here's a list of things I no longer have to do (since like Dan I live in SE Asia), saving me lots of time. 1. Commute to work 2. Grocery shopping 3. Cooking 4. Cleaning my room / apartment 5. Laundry 6. Travel far to have fun I can easily work more than 8 hours a day if I want to since I have nothing else to think or worry about. What could be better for making the transition? Dan: Sorry to be posting several times… you can merge the previous ones if you want.

Here’s a list of things I no longer have to do (since like Dan I live in SE Asia), saving me lots of time.

1. Commute to work
2. Grocery shopping
3. Cooking
4. Cleaning my room / apartment
5. Laundry
6. Travel far to have fun

I can easily work more than 8 hours a day if I want to since I have nothing else to think or worry about. What could be better for making the transition?

]]> By: NomadicNeil http://www.tropicalmba.com/for-the-bold-one-of-the-cheapest-ways-to-start-your-online-business/comment-page-1/#comment-15 NomadicNeil Wed, 23 Dec 2009 08:49:29 +0000 http://www.tropicalmba.com/?p=135#comment-15 Oh yes... and myself as well! Oh yes… and myself as well!

]]> By: NomadicNeil http://www.tropicalmba.com/for-the-bold-one-of-the-cheapest-ways-to-start-your-online-business/comment-page-1/#comment-14 NomadicNeil Wed, 23 Dec 2009 08:49:08 +0000 http://www.tropicalmba.com/?p=135#comment-14 This is what my friends are doing right now. This is what my friends are doing right now.

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