HOUSE_OVERSIGHT_013891.jpg

2.88 MB
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Extraction Summary

2
People
9
Organizations
3
Locations
0
Events
1
Relationships
4
Quotes

Document Information

Type: Government exhibit / book excerpt
File Size: 2.88 MB
Summary

This document appears to be a page from a book (likely 'The 4-Hour Workweek' by Tim Ferriss) included as an exhibit in a House Oversight investigation (marked HOUSE_OVERSIGHT_013891). It details a case study of an individual named 'Doug' who runs an automated drop-shipping business (ProSoundEffects.com) using Yahoo and Google services to generate passive income with minimal work. The text argues for the benefits of outsourcing business infrastructure, citing major corporations like Microsoft and Dell as examples of companies that outsource manufacturing and support.

People (2)

Name Role Context
Doug Business Owner / Subject
Subject of a case study regarding drop-shipping and automated income.
Author/Narrator Author
Refers to themselves as 'New Rich like me' (Likely Tim Ferriss, based on the text content).

Organizations (9)

Name Type Context
Google
Used for Pay-Per-Click (PPC) advertising.
Yahoo
Provides shopping cart, hosting, and transaction management services.
Prosoundeffects.com
The website owned by 'Doug'.
Microsoft
Mentioned as a company that outsources manufacturing (Xbox 360).
Kodak
Mentioned as a company that outsources design and distribution.
Flextronics
Singapore-based engineering/manufacturing firm with $15.3 billion revenue.
JC Penney
Retailer mentioned in the context of outsourced call centers.
Dell Computers
Tech company mentioned in the context of outsourced call centers.
House Oversight Committee
Implied by footer stamp 'HOUSE_OVERSIGHT_013891'.

Locations (3)

Location Context
Base of Flextronics.
Location of manufacturing plants for mountain bikes.
Market for mountain bike brands.

Relationships (1)

Doug Business/Drop-shipping Manufacturers
Doug pays the manufacturers as little as 45% of the retail price of the products up to 90 days later (net-90 terms).

Key Quotes (4)

"He works less than two hours a week, often pulls more than $10,000 per month, and there is no financial risk whatsoever."
Source
HOUSE_OVERSIGHT_013891.jpg
Quote #1
"This chapter is not for people who want to run businesses but for those who want to own businesses and spend no time on them."
Source
HOUSE_OVERSIGHT_013891.jpg
Quote #2
"Think Microsoft manufactures the Xbox 360 or that Kodak designs and distributes their digital cameras? Guess again."
Source
HOUSE_OVERSIGHT_013891.jpg
Quote #3
"It’s all beautifully transparent and cheap."
Source
HOUSE_OVERSIGHT_013891.jpg
Quote #4

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