drop ship

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Delivering Happiness: A Path to Profits, Passion, and Purpose by Tony Hsieh

call centre, crowdsourcing, drop ship, hiring and firing, independent contractor, Jeff Bezos, Lao Tzu, pre–internet, Ralph Waldo Emerson, Saturday Night Live, science of happiness, Silicon Valley, Tony Hsieh, Y2K

For 2003, we were projecting sales to double, with about 25 percent of our overall sales coming from our drop ship business. The drop ship business was easy money. We didn’t have to carry inventory so we didn’t have any inventory risk or cash-flow problems with that part of the business. But we had plenty of customer service challenges. The inventory feeds that we were getting from our vendors for our drop ship business were 95 percent accurate at best, meaning that we would not be able to actually fulfill 5 percent of all of our drop ship orders. On top of that, the brands did not ship as quickly or accurately as our own WHISKY warehouse, which meant we had plenty of unhappy and disappointed customers.

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Zappos would take orders from customers on the Internet, then transmit the order to the manufacturer of each brand, which would then ship directly to the Zappos customer. This was known as a “drop ship” relationship, and although it already existed in many other industries, drop shipping had never been done before in the footwear industry. Nick and Fred were betting that they would be able to convince the brands at the next shoe show to start drop shipping, and then Zappos would not have to own any inventory or worry about running a warehouse. Fred told us that he’d climbed the corporate ladder at Nordstrom for eight years, just bought a house, and just had his first kid.

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We all knew deep down inside that we would have to give up the drop ship business sooner or later if we were serious about building the Zappos brand to be about the very best customer service. We also knew that the bigger we grew, the more reliant we would be on the cash from drop shipping. There would never be a good time to walk away. The longer we waited to pull the trigger, the more our employees would lose faith in us. So we made what was both the easiest and hardest decision we ever had to make up until that point. In March 2003, with the flip of a switch, we turned off that part of our business and removed all of the drop ship products from our Web site.

The Website Investor: The Guide to Buying an Online Website Business for Passive Income by Jeff Hunt

buy low sell high, content marketing, deal flow, Donald Trump, drop ship, frictionless, frictionless market, intangible asset, medical malpractice, Michael Milken, passive income, Ralph Waldo Emerson, Skype, software as a service

Drop Shipping As eCommerce has exploded and continues to grow at double-digit rates every year, manufacturers of small items, like medicine and jewelry, and big items, like furniture and automobiles, offer drop-shipping services. For the website owner, drop shipping saves many headaches. The website becomes a pure middleman; its main function is to attract customers, take and track orders, and place those orders with the manufacturer. That doesn’t mean drop-ship eCommerce sites are necessarily easy to operate, but it does mean they can be operated without ever touching the product. Amazon Working with Amazon—instead of competing with Amazon—is a strategy many thousands of people have adopted over the past ten years.

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Shipping Either the website packages and ships products themselves, or the manufacturer or distributor drop ships the product to the customer on behalf of the website. Self-shipping of products may potentially increase profitability because the seller may get a better price for inventory from the wholesaler. However, self-shipping means that the website owner must do the following: 1. Buy inventory 2. Stock and measure inventory levels 3. Package product for shipment 4. Ship product 5. Manage returns These responsibilities require effort and good systems. The fewer product types being sold, the easier it is to manage. Drop Shipping As eCommerce has exploded and continues to grow at double-digit rates every year, manufacturers of small items, like medicine and jewelry, and big items, like furniture and automobiles, offer drop-shipping services.

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The chart below compares characteristics of revenue sources, but it is only a general guide since every website is unique: Revenue Source Work Requirement per Transaction Systems Requirement Knowledge Requirement Advertising – Contextual Low Low Low Advertising – Direct Low to Medium Low Low Affiliate Medium Low Medium Services – High Touch High Low High Services – Low Touch Medium Medium Medium Services – No Touch Low High Medium eCommerce – Self Shipping Medium High Medium eCommerce – Drop Shipping Low Medium Low eCommerce – Partner with Amazon or eBay Low to High Low to Medium Medium Leads Low Medium Low Subscriptions Low High Medium Case Study: Me, a Media Mogul I sat fascinated, listening to a webinar hosted by successful Internet marketer, and now friend, Eric Holmlund.

5 Day Weekend: Freedom to Make Your Life and Work Rich With Purpose by Nik Halik, Garrett B. Gunderson

Airbnb, bitcoin, Buckminster Fuller, business process, clean water, collaborative consumption, cryptocurrency, delayed gratification, diversified portfolio, do what you love, drop ship, en.wikipedia.org, estate planning, Ethereum, fear of failure, fiat currency, financial independence, gamification, glass ceiling, Grace Hopper, Home mortgage interest deduction, independent contractor, initial coin offering, Isaac Newton, Kaizen: continuous improvement, litecoin, low interest rates, Lyft, market fundamentalism, microcredit, minimum viable product, mortgage debt, mortgage tax deduction, multilevel marketing, Nelson Mandela, passive income, peer-to-peer, peer-to-peer rental, planned obsolescence, Ponzi scheme, quantitative easing, Ralph Waldo Emerson, ride hailing / ride sharing, selling pickaxes during a gold rush, sharing economy, side project, Skype, solopreneur, subscription business, TaskRabbit, TED Talk, traveling salesman, uber lyft

When adding products to your store, the ideal solution is to source them through a drop-shipping service such as AliExpress.com. You simply copy the product from AliExpress to your store, set your own retail prices, and after you sell a product, you purchase it from AliExpress and have it shipped directly to your customer who just made the purchase. To import drop-shipped products directly into your commerce store, you may want to use Oberlo.com. It is built for Shopify and specifically designed to manage your AliExpress drop shipping, and you can import hundreds of products to your store in minutes. One of the benefits of building a profitable online e-commerce store is the ability to flip it for profit.

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After a couple of years he had over 250,000 Facebook fans. “There are two ways to get to the top of an oak tree. One way is to sit on an acorn and wait; the other way is to climb it.” —KEMMONS WILSON He started looking for ways to monetize the business even further. After taking online courses on drop shipping, he launched an Amazon drop-shipping business on October 1, 2014, starting with private-labeled GoPro selfie sticks and stainless steel water bottles. He was sweating bullets, wondering if he’d really be able to sell anything, but his first product order was for $6,000. Within eight weeks of launching, he was selling $90,000 per month (sales spiked for the holidays).

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If you are able to generate leads for business owners via social media marketing, you can write your own ticket. You can charge $1,000 to $5,000 per month per customer to manage their social media. E-Commerce Online entrepreneurs can generate income-building e-commerce stores on platforms like Shopify. A Shopify store can be filled with hundreds of products that can be drop-shipped from vendors directly to consumers. You can also incorporate targeted traffic generated from paid online ads on Facebook and Instagram. The three essential parts of launching your e-commerce business include building the store, choosing your product niche, and finding product suppliers. When it comes to building your online store, Shopify allows you to rent a pre-built store and maintain it for less than $30 per month.

Blockchain Chicken Farm: And Other Stories of Tech in China's Countryside by Xiaowei Wang

4chan, AI winter, Amazon Web Services, artificial general intelligence, autonomous vehicles, back-to-the-land, basic income, Big Tech, bitcoin, blockchain, business cycle, cloud computing, Community Supported Agriculture, computer vision, COVID-19, cryptocurrency, data science, deep learning, Deng Xiaoping, Didi Chuxing, disruptive innovation, Donald Trump, drop ship, emotional labour, Ethereum, ethereum blockchain, Francis Fukuyama: the end of history, Garrett Hardin, gig economy, global pandemic, Great Leap Forward, high-speed rail, Huaqiangbei: the electronics market of Shenzhen, China, hype cycle, income inequality, informal economy, information asymmetry, Internet Archive, Internet of things, job automation, Kaizen: continuous improvement, Kickstarter, knowledge worker, land reform, Marc Andreessen, Mark Zuckerberg, Menlo Park, multilevel marketing, One Laptop per Child (OLPC), Pearl River Delta, peer-to-peer lending, precision agriculture, QR code, ride hailing / ride sharing, risk tolerance, Salesforce, Satoshi Nakamoto, scientific management, self-driving car, Silicon Valley, Snapchat, SoftBank, software is eating the world, surveillance capitalism, TaskRabbit, tech worker, technological solutionism, the long tail, TikTok, Tragedy of the Commons, universal basic income, vertical integration, Vision Fund, WeWork, Y Combinator, zoonotic diseases

Drop-shippers are plentiful on Amazon these days—the business model has taken over much of Amazon, and American e-commerce. Unlike traditional shops, drop-shippers don’t keep anything in stock themselves, but order directly from a third party to have the item sent to a seller. The global reach of drop-shipping is born out of Alibaba and AliExpress, allowing drop-shipping entrepreneurs access to millions of items, shipped at low cost, directly from China. There are numerous online articles about how to start a profitable drop-shipping business, and many of these businesses are responsible for the deluge of Instagram ads that you see: lifestyle brands selling sleek water bottles, new travel bags, and suitcases. These items are often from AliExpress: drop-shippers simply provide the advertising and marketing.

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He put in manufacturing equipment on-site, in his family’s home. Business took off. His combination of premade and custom orders earned him US$1.16 million in 2017. These days he sells all over the world; recent orders have shipped to Vietnam and Korea. International business is expanding because of drop-shipping and AliExpress, a site that bridges foreign buyers with small businesses in China, like Ren’s. His nephew even gave up a lucrative software development job in a nearby city to come back and help run the Taobao store. The local government is more than willing to take credit now for such e-commerce success, but Ren explains that he was a lone agent for a long time.

The Futurist: The Life and Films of James Cameron by Rebecca Winters Keegan

call centre, Colonization of Mars, company town, cuban missile crisis, Dennis Tito, drop ship, Mars Society, Neil Armstrong, Saturday Night Live, Silicon Valley, Steve Jobs, the payments system

Instead, he sent Mead a quick sketch of his own in which the Sulaco resembled a giant gun drifting through space. Mead expounded on the giant-gun design, which was ultimately what appeared in the film. Mead also worked on the drop ship the marines would use to descend into LV-426’s atmosphere. Here Cameron wanted a vehicle that could dive down onto hostile planets and deposit ground troops, like the helicopters that plopped American GIs into the jungles of Southeast Asia. But again, the final drop ship would be based upon a design Cameron constructed himself, using parts from a model kit of an Apache helicopter that he bashed together on a Sunday afternoon and spray painted gray.

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“Ray Lovejoy is a terrific editor, but he didn’t know what hit him with Jim,” says James Horner, who, as the film’s composer, had the unfortunate role of being the next man in the postproduction line. Cameron’s post crew faced other delays. The sound mixers weren’t sure how to tackle the scene where the drop ship flies onto LV-426, since the special-effects artists were still working on it. So Cameron ran down in front of the screen the mixers were using, held up a broom, and said, “Follow this,” as he ran in the path of the drop ship. The timing worked perfectly. But the film was still falling behind, causing serious problems for Horner, who was supposed to have seven weeks to compose the score at Abbey Road Studios.

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The English must have thought the Americans were having an awfully good time there, because every week, several cases of K-Y jelly were shipped to the set. The lubricant was not for recreational use, however—it was an important ingredient in extraterrestrial spit, giving the aliens’ drool that special glisten. Lamont seemed to have a knack for procuring good-looking junk. To build the full-sized version of Cameron’s Vietnam-evoking drop ship, he used the undercarriage of an old Vulcan helicopter that was being dismantled. For the armored personnel carrier, Lamont got his hands on a vehicle that British Airways used to tow its 747s. The aircraft tow truck weighed seventy-eight tons—even after Lamont’s crew pulled thirty-eight tons of lead out of it, they had to reinforce the floor at the power station so it wouldn’t fall through.

Why Startups Fail: A New Roadmap for Entrepreneurial Success by Tom Eisenmann

Airbnb, Atul Gawande, autonomous vehicles, Ben Horowitz, Big Tech, bitcoin, Blitzscaling, blockchain, call centre, carbon footprint, Checklist Manifesto, clean tech, conceptual framework, coronavirus, corporate governance, correlation does not imply causation, COVID-19, crowdsourcing, Daniel Kahneman / Amos Tversky, data science, Dean Kamen, drop ship, Elon Musk, fail fast, fundamental attribution error, gig economy, growth hacking, Hyperloop, income inequality, initial coin offering, inventory management, Iridium satellite, Jeff Bezos, Jeff Hawkins, Larry Ellison, Lean Startup, Lyft, Marc Andreessen, margin call, Mark Zuckerberg, minimum viable product, Network effects, nuclear winter, Oculus Rift, PalmPilot, Paul Graham, performance metric, Peter Pan Syndrome, Peter Thiel, reality distortion field, Richard Thaler, ride hailing / ride sharing, risk/return, Salesforce, Sam Altman, Sand Hill Road, side project, Silicon Valley, Silicon Valley startup, Skype, social graph, software as a service, Solyndra, speech recognition, stealth mode startup, Steve Jobs, TED Talk, two-sided market, Uber and Lyft, Uber for X, uber lyft, vertical integration, We wanted flying cars, instead we got 140 characters, WeWork, Y Combinator, young professional, Zenefits

Big sellers included Eames chairs, umbrellas, antique typewriters, and vibrators. Customers found great appeal in unique items that conveyed a quirky, cheeky attitude—for example, a chandelier made of martini glasses or a rhinestone-encrusted motorcycle helmet. Fab was an instant hit, selling $600,000 in merchandise in its first twelve days. And because manufacturers drop-shipped items directly to customers, Fab didn’t need to hold inventory. Featured offers spread like wildfire through social networks, so the startup didn’t need to spend any money on advertising, either. Avoiding these expenses meant that cash flow was positive—at least initially. By year-end, the startup had over a million members and had raised another $48 million in venture capital.

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By that point, only one-third of Fab’s sales came from daily deals; the balance came from a broad selection of products listed on the site: eleven thousand in total, the majority of which were furniture and home décor; other categories included jewelry, food, and pet care. With this abundance of items, Fab completed a major site redesign to enhance searchability for its twelve million members. Also, since drop-shipping had generated customer complaints about slow delivery times, the startup shifted to holding more merchandise in inventory and shipping goods from its own warehouse. Finally, Fab stepped up its efforts to design and sell Fab-branded private label products, which promised higher gross margins. To advance this strategy, Fab acquired Massivkonzept, a German company that designed, manufactured, and sold customized wooden furniture, for stock worth about $25 million.

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If a company cannot keep its learning proprietary by enforcing patents, nondisclosure contracts, or strict secrecy procedures, it may forfeit its cost advantage as rivals copy its production process improvements. Like most businesses, Fab benefited from some scale economies, but they weren’t large enough to impel rapid growth. Early on, the venture kept its fixed costs low by relying on vendors to drop-ship items; in this way, Fab avoided the fixed expense of managing a warehouse. Likewise, value-added elements—labor and machinery for transforming raw materials into finished goods—represented a small percentage of Fab’s total costs. With the exception of private label custom furniture that it manufactured in-house, Fab procured finished goods from vendors.

One Click: Jeff Bezos and the Rise of Amazon.com by Richard L. Brandt

Amazon Web Services, automated trading system, big-box store, call centre, cloud computing, deal flow, drop ship, Dynabook, Elon Musk, Free Software Foundation, inventory management, Jeff Bezos, Kevin Kelly, Kickstarter, Larry Ellison, Marc Andreessen, new economy, Pershing Square Capital Management, science of happiness, search inside the book, Silicon Valley, Silicon Valley startup, skunkworks, software patent, Steve Jobs, Stewart Brand, Tony Hsieh, two-pizza team, Whole Earth Catalog, Y2K

Bezos was now taking the process of stockpiling and distributing books into his own hands. “The logistics of distribution are the iceberg below the waterline of online bookselling,” he said at the time. At the same time, the distributors were trying to build up the top of that iceberg. Ingram decided if it could store and distribute books, it could “drop-ship” them directly to the customers itself. It developed the capability to ship books in small quantities directly to consumers. Then it started opening a few online bookstores to compete with Amazon. The test program failed, however, because its online stores couldn’t attract customers. Amazon already had them all.

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Although distributors failed in their attempts to get into Amazon’s business, Amazon was able to make inroads into the distributors’ business. Bezos knew that shipping most of the books from Amazon’s warehouses would be faster. It was a process he could control and improve himself, and the race to build ever larger and more automated distribution centers was on. “There are huge efficiencies to be gained through drop-shipping [from the distributor], but they are paid for by increased complexity in sorting,” Bezos said. “Your partner [the distributor] has to be very adept, because if it is done wrong you can really mess up your customer service.” Bezos didn’t want to build just any warehouses. His distribution centers had to organize books, find them quickly, match them with shipping orders, package them, and get them in the mail.

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See Amazon customer service Cybook Davis, Paul. See Barton-Davis, Paul DBM manager De Jonge, Peter Della & James D. E. Shaw Bezos at Internet companies of Digicash Digital Book, Inc. Dillon, Eric Discounted books and Amazon impact on book industry, Disney, Walt Distributors drop-shipping and early Amazon online business, failure of of wholesale books See also Warehouses and distribution Doerr, John Dot-com companies. See Internet companies DREAM Institute Drugstore.com DVDs, Amazon sale of Dynabook Early adopters E-bay, versus Amazon Auctions E-books agency model and Amazon. see Kindle devices, competitive early readers free future view for Google market, growth of pricing of Edison, Thomas E Ink Corporation Elastic Compute Cloud (EC2) Electronics Ellison, Larry Employees Bezos interaction with compensation and cult of Amazon expansion (1998) firing (2000) hiring practices individualistic “Just Do It” award two-pizza teams Wal-Mart executives, hiring of work environment Endurance (Lansing) E-Niche Equinet Erwise Everybook Express Lane Farsight Financial status cost-cutting decline (2000) first investors growth versus profits strategy investment advisors IPO, Amazon leverage, Bezos approach to losses and debt (1999) pro forma net profit (2002) raising capital, problems of recovery of Amazon revenues in 2010, share price, growth rate stock downgraded valuations of Amazon, initial Web site building, profitability of Fitel, Bezos at Food and grocery items Fortune Frederick, Robert Free Software Foundation Frisbee Frox, Inc.

The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich by Timothy Ferriss

Abraham Maslow, Albert Einstein, Amazon Mechanical Turk, Apollo 13, call centre, clean water, digital nomad, Donald Trump, drop ship, en.wikipedia.org, Firefox, fixed income, follow your passion, Ford Model T, fulfillment center, game design, global village, Iridium satellite, knowledge worker, language acquisition, late fees, lateral thinking, Maui Hawaii, oil shock, paper trading, Paradox of Choice, Parkinson's law, passive income, peer-to-peer, pre–internet, Ralph Waldo Emerson, remote working, risk tolerance, Ronald Reagan, side project, Silicon Valley, Silicon Valley startup, Skype, Steve Jobs, Vilfredo Pareto, wage slave, William of Occam

Three times a week, Doug presses a single button in the Yahoo management page to charge all his customers’ credit cards and put cash in his bank account. Then he saves the PDFs as Excel purchase orders and e-mails the purchase orders to the manufacturers of the CD libraries. Those companies mail the products to Doug’s customers—this is called drop-shipping—and Doug pays the manufacturers as little as 45% of the retail price of the products up to 90 days later (net-90 terms). Let’s look at the mathematical beauty of his system for full effect. For each $325 order at his cost of 55% off retail, Doug is entitled to $178.75. If we subtract 1% of the full retail price (1% of $325 = $3.25) for the Yahoo Store transaction fee and 2.5% for the credit card processing fee (2.5% of $325 = $8.13), Doug is left with a pretax profit of $167.38 for this one sale.

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The Wall Street Journal, July 18, 2005 (http://www.technologyinvestor.com/login/2004/Jul18–05.php). 26. This was a new product category that I created to eliminate and preempt the competition. Strive to be the largest, best, or first in a precise category. I prefer being first. 27. If you decide to resell someone else’s higher-end products like Doug, especially with drop-shipping, the risk is lower and smaller margins can suffice. 28. “Back-end” products are products sold to customers once the sale of a primary product has been made. iPod covers and car GPS systems are two examples. These products can have lower margins, because there is no advertising cost to acquire the customer. 29.

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Market Selection He chose music and television producers as his market because he is a musician himself and has used these products. 2. Product Brainstorm He chose the most popular products available for resale from the largest manufacturers of sound libraries and arranged a wholesale purchase and drop-ship agreement with them. Many of these libraries cost well above $300 (up to $7,500), and this is precisely why he needs to answer more customer-service questions than someone with a lower-priced product of $50–200. 3. Micro-Testing He auctioned the products on eBay to test demand (and the highest possible pricing) before purchasing inventory.

The Money Tree: A Story About Finding the Fortune in Your Own Backyard by Chris Guillebeau

Bernie Madoff, drop ship, Ethereum, fail fast, financial independence, global village, hiring and firing, housing crisis, independent contractor, messenger bag, passive income, race to the bottom, rent-seeking, ride hailing / ride sharing, side hustle, Steve Jobs, telemarketer

Or to be precise, I have a new assignment for you.” He went on. “You’re absolutely right that there’s a lot more to learn about reselling. We could talk about drop-shipping, where you don’t keep any inventory on hand, allowing you to operate the business remotely. We could talk about how to find more items to sell. We could talk about tools and resources to make the whole process more efficient. But the fact is that you can learn all of that on your own.” Jake made a note to add drop-shipping to his list of topics to research further. “Okay,” he said when he looked up. “So I’ll try to learn more about that before we meet up again.

Financial Freedom: A Proven Path to All the Money You Will Ever Need by Grant Sabatier

8-hour work day, Airbnb, anti-work, antiwork, asset allocation, bitcoin, buy and hold, cryptocurrency, diversified portfolio, Donald Trump, drop ship, financial independence, fixed income, follow your passion, full employment, Home mortgage interest deduction, index fund, lifestyle creep, loss aversion, low interest rates, Lyft, money market fund, mortgage debt, mortgage tax deduction, passive income, remote working, ride hailing / ride sharing, risk tolerance, robo advisor, side hustle, Skype, solopreneur, stocks for the long run, stocks for the long term, TaskRabbit, the rule of 72, time value of money, uber lyft, Vanguard fund

I know a bunch of people who’ve created online courses on a niche topic, like taking care of orchids, repairing guitars, or even launching books, who are able to completely live off the income of a course they created over five years ago. Every year they update the content of the course and their audiences just keep growing. Drop-ship companies are also popular passive income businesses. The idea behind them is that you design a product and completely outsource the manufacturing, ordering, distribution, and customer service, so you don’t have to do much. When someone orders your product (for example, through Amazon), then Amazon fulfills the order and you get paid.

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A good way to build a passive income stream is by selling something that you spend a little time creating but that people can buy for a long time without you having to put in much (if any) additional work. A few examples of potential passive income ideas are building an online course, launching a drop-ship product on Amazon, creating an app, writing a book, or launching an apparel item. Then there are semi-passive income streams like blogging, since you make money on content that you previously published but don’t have to update. Most of my own blogging income comes from blog posts I wrote two or three years ago.

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Passive income—The holy grail of moneymaking, passive income sources make money that requires little to none of your time. While passive income can take a lot of time to set up, the long-term return is often worth it. Examples of passive income include rental income, blogging income, online course income, and drop-ship income. But stock investing income is the ultimate passive income, since it requires very little setup and, due to compounding, generates increasingly large returns over time. This is the main strategy the wealthy use to both get and stay rich. Real hourly rate—The amount of money you are actually paid after factoring in the impact of taxes and the additional time (and money) required to do the job, such as getting ready, commuting, and buying clothes for work.

The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime by Mj Demarco

8-hour work day, Albert Einstein, AltaVista, back-to-the-land, Bernie Madoff, bounce rate, business logic, business process, butterfly effect, buy and hold, cloud computing, commoditize, dark matter, delayed gratification, demand response, do what you love, Donald Trump, drop ship, fear of failure, financial engineering, financial independence, fixed income, housing crisis, Jeff Bezos, job-hopping, Lao Tzu, Larry Ellison, low interest rates, Mark Zuckerberg, multilevel marketing, passive income, passive investing, payday loans, planned obsolescence, Ponzi scheme, price anchoring, Ronald Reagan, subscription business, upwardly mobile, wealth creators, white picket fence, World Values Survey, zero day

In general: Drivers create MLM companies; they don't join them. Drivers sell franchises; they don't buy them. Drivers offer affiliate programs; they don't join them. Drivers run hedge funds; they don't invest in them. Drivers sell stock; they don't buy stock. Drivers offer drop-shipping; they don't use drop-shipping. Drivers offer employment; they don't get employed. Drivers accept rents and royalties; they don't pay rents and royalties. Drivers sell licenses; they don't buy them. Drivers sell IPO shares; they don't buy them. So are you DRIVING a Fastlane? Or HITCHHIKING one? If this hitchhiker description describes you, don't get discouraged or defensive.

The End of Jobs: Money, Meaning and Freedom Without the 9-To-5 by Taylor Pearson

Airbnb, barriers to entry, Ben Horowitz, Black Swan, call centre, cloud computing, commoditize, content marketing, creative destruction, David Heinemeier Hansson, drop ship, Elon Musk, en.wikipedia.org, Frederick Winslow Taylor, future of work, Google Hangouts, Hacker Conference 1984, Kaizen: continuous improvement, Kevin Kelly, Kickstarter, knowledge economy, knowledge worker, loss aversion, low skilled workers, Lyft, Marc Andreessen, Mark Zuckerberg, market fragmentation, means of production, Oculus Rift, passive income, passive investing, Peter Thiel, power law, remote working, Ronald Reagan: Tear down this wall, scientific management, sharing economy, side hustle, side project, Silicon Valley, Skype, software as a service, software is eating the world, Startup school, Steve Jobs, Steve Wozniak, Stewart Brand, systems thinking, TED Talk, telemarketer, the long tail, Thomas Malthus, Uber and Lyft, uber lyft, unpaid internship, Watson beat the top human players on Jeopardy!, web application, Whole Earth Catalog

To download an interview with Dan on how he turned a $40,000 per year web design agency Into a $40,000 per month recurring revenue service, go to http://taylorpearson.me/eoj Chapter 8 32. Kevin Kelly, write about his the phenomenon in more detail at http://kk.org/thetechnium/2008/03/1000-true-fans/ 33. To hear more from Andrew about the lifestyle and business possibilities enabled by the eCommerce drop shipping model and why individuals with hard skills and ambition has more opportunity than ever and why those without are screwed, download his interview at http://taylorpearson.me/eoj 34. http://www.innosight.com/innovation-resources/strategy-innovation/upload/creative-destruction-whips-through-corporate-america_final2012.pdf Chapter 9 35. http://www.softwarebyrob.com/ and http://www.startupsfortherestofus.com/ 36.

Lifestyle Entrepreneur: Live Your Dreams, Ignite Your Passions and Run Your Business From Anywhere in the World by Jesse Krieger

Airbnb, always be closing, bounce rate, call centre, carbon credits, carbon footprint, commoditize, Deng Xiaoping, different worldview, do what you love, drop ship, financial independence, follow your passion, income inequality, independent contractor, iterative process, off-the-grid, Ralph Waldo Emerson, Salesforce, search engine result page, Skype, software as a service, South China Sea, Steve Jobs, subscription business, systems thinking, warehouse automation

While still helping run the poker website, he said, “I decided to launch an online nutritional supplement business together with my partner who takes care of the production and distribution. This allows me to be location independent.” The business consists of an online web store with a number of popular nutritional supplements. On the back-end there are agreements with companies to “drop-ship” orders to the end customer, so there is no need for inventory on hand. Taking advantage of the SEO skills gained from studying at night after his former job, Jasper was able to get the website ranked highly for a number of popular search terms, sending a steady stream of customers to their site every day.

Content: Selected Essays on Technology, Creativity, Copyright, and the Future of the Future by Cory Doctorow

AltaVista, AOL-Time Warner, book scanning, Brewster Kahle, Burning Man, cognitive load, drop ship, en.wikipedia.org, general purpose technology, informal economy, information retrieval, Internet Archive, invention of movable type, Jeff Bezos, John Gilmore, John Perry Barlow, Law of Accelerating Returns, machine readable, Metcalfe's law, mirror neurons, Mitch Kapor, moral panic, mutually assured destruction, Neal Stephenson, new economy, optical character recognition, PalmPilot, patent troll, pattern recognition, peer-to-peer, Ponzi scheme, post scarcity, QWERTY keyboard, Ray Kurzweil, RFID, Sand Hill Road, Skype, slashdot, Snow Crash, social software, speech recognition, Steve Jobs, the long tail, Thomas Bayes, Turing test, Vernor Vinge, Wayback Machine

The actual total number of books printed is approximately the number of books ordered, but never exactly — if you've ever ordered 500 wedding invitations, chances are you received 500-and-a-few back from the printer and that's why. And the numbers just get fuzzier from there. Copies are stolen. Copies are dropped. Shipping people get the count wrong. Some copies end up in the wrong box and go to a bookstore that didn't order them and isn't invoiced for them and end up on a sale table or in the trash. Some copies are returned as damaged. Some are returned as unsold. Some come back to the store the next morning accompanied by a whack of buyer's remorse.

Humans Need Not Apply: A Guide to Wealth and Work in the Age of Artificial Intelligence by Jerry Kaplan

Affordable Care Act / Obamacare, Amazon Web Services, asset allocation, autonomous vehicles, bank run, bitcoin, Bob Noyce, Brian Krebs, business cycle, buy low sell high, Capital in the Twenty-First Century by Thomas Piketty, combinatorial explosion, computer vision, Computing Machinery and Intelligence, corporate governance, crowdsourcing, driverless car, drop ship, Easter island, en.wikipedia.org, Erik Brynjolfsson, estate planning, Fairchild Semiconductor, Flash crash, Gini coefficient, Goldman Sachs: Vampire Squid, haute couture, hiring and firing, income inequality, index card, industrial robot, information asymmetry, invention of agriculture, Jaron Lanier, Jeff Bezos, job automation, John Markoff, John Maynard Keynes: Economic Possibilities for our Grandchildren, Kiva Systems, Larry Ellison, Loebner Prize, Mark Zuckerberg, mortgage debt, natural language processing, Nick Bostrom, Own Your Own Home, pattern recognition, Satoshi Nakamoto, school choice, Schrödinger's Cat, Second Machine Age, self-driving car, sentiment analysis, short squeeze, Silicon Valley, Silicon Valley startup, Skype, software as a service, The Chicago School, The Future of Employment, Turing test, Vitalik Buterin, Watson beat the top human players on Jeopardy!, winner-take-all economy, women in the workforce, working poor, Works Progress Administration

Lacking the capital and the connections to invest in warehouses and inventory, Jeff did the next best thing: he made a deal with the largest wholesaler at the time, Ingram Book Group. Ingram stocked and shipped books in small quantities to independent bookstores around the country, and the wholesaler also served as a resource for major chains if they ran short of stock locally and needed a quick delivery. The advantage, from Jeff’s perspective, was that Ingram would drop-ship orders as small as a single book, though I suspect the company wasn’t very happy about it. My startup idea was that goods didn’t have to be sold online at fixed prices. So along with two partners I started Onsale.com, the first auction site on the Internet.1 But Jeff learned an important lesson from Dave Shaw that I had missed, at least at first: the real value wasn’t in the inventory, it was in the data.

Bulletproof Problem Solving by Charles Conn, Robert McLean

active transport: walking or cycling, Airbnb, Amazon Mechanical Turk, asset allocation, availability heuristic, Bayesian statistics, behavioural economics, Big Tech, Black Swan, blockchain, book value, business logic, business process, call centre, carbon footprint, cloud computing, correlation does not imply causation, Credit Default Swap, crowdsourcing, David Brooks, deep learning, Donald Trump, driverless car, drop ship, Elon Musk, endowment effect, fail fast, fake news, future of work, Garrett Hardin, Hyperloop, Innovator's Dilemma, inventory management, iterative process, loss aversion, megaproject, meta-analysis, Nate Silver, nudge unit, Occam's razor, pattern recognition, pets.com, prediction markets, principal–agent problem, RAND corporation, randomized controlled trial, risk tolerance, Silicon Valley, SimCity, smart contracts, stem cell, sunk-cost fallacy, the rule of 72, the scientific method, The Signal and the Noise by Nate Silver, time value of money, Tragedy of the Commons, transfer pricing, Vilfredo Pareto, walkable city, WikiLeaks

The team estimated that Home Depot was able to operate with 5–7% less shipping and logistics costs than Hechinger, and negotiate as much as 5% lower costs for the same goods by concentrating volume on orders of fewer retail items (sometimes called stock keeping units, or SKUs). Cross‐docking or breaking up manufacturers' shipments to go to the various stores is undertaken on a small scale, but for the most part, suppliers are more than willing to drop ship to the stores because the individual locations order by the trailer load. Home Depot's average sales per store run around $20 million, or more than double Hechinger's or Builders Square's. Analyst report, The First Boston Corporation So Home Depot was generating the same return on invested capital, but able to make up for much lower prices with a combination of lower distribution costs, cheaper sourcing, lower store and central overheads, and much higher asset productivity.

Spam Nation: The Inside Story of Organized Cybercrime-From Global Epidemic to Your Front Door by Brian Krebs

barriers to entry, bitcoin, Brian Krebs, cashless society, defense in depth, Donald Trump, drop ship, employer provided health coverage, independent contractor, information security, John Markoff, mutually assured destruction, offshore financial centre, operational security, payday loans, pirate software, placebo effect, ransomware, seminal paper, Silicon Valley, Stuxnet, the payments system, transaction costs, web application

But most importantly, the pill shop must ask for and receive a legitimate, doctor-ordered prescription before shipping prescription drugs to Americans. To make matters worse, Horton said many of the 40,000-plus rogue online pharmacies rely on multiple suppliers, meaning that the quality and safety of the drugs they ship can shift from day to day as prices in the wholesale and drop-shipping markets fluctuate. “Most of these pharmacy affiliate programs don’t just have one supplier,” Horton said. “Some of the bigger ones have dozens. So, just because a given drug from a specific pharmacy program tests as genuine one day doesn’t mean it’s going to be the same genuine drug the next time someone orders it.”

Evil by Design: Interaction Design to Lead Us Into Temptation by Chris Nodder

4chan, affirmative action, Amazon Mechanical Turk, cognitive dissonance, crowdsourcing, Daniel Kahneman / Amos Tversky, Donald Trump, drop ship, Dunning–Kruger effect, en.wikipedia.org, endowment effect, game design, gamification, haute couture, Ian Bogost, jimmy wales, Jony Ive, Kickstarter, late fees, lolcat, loss aversion, Mark Zuckerberg, meta-analysis, Milgram experiment, Monty Hall problem, Netflix Prize, Nick Leeson, Occupy movement, Paradox of Choice, pets.com, price anchoring, recommendation engine, Rory Sutherland, Silicon Valley, Stanford prison experiment, stealth mode startup, Steve Jobs, sunk-cost fallacy, TED Talk, telemarketer, Tim Cook: Apple, trickle-down economics, upwardly mobile

Now, because each bid raises the price of the item by 1 cent, you know that there were 12,000 bids on average per iPad. 12,000 x $0.50 = $6000. $6000 + $120 = $6120. Apple’s own site sells the same model for $499, so the revenue per iPad to arrowoutlet.com is $5621. It needn’t even hold stock of the item because it can drop-ship it directly from Apple. The sites often claim to lose money on a large proportion of their auctions. However, there is no need to feel sorry for them. Apparently the losses are more than compensated for by the 1100 percent profit on high-ticket high-desirability items such as iPads. Ned Augenblick at Berkeley used an algorithm to capture the statistics for 166,000 auctions and found that auction revenues typically exceed 150 percent of the value of the item being auctioned, as long as the site has a sufficiently high number of bidders for each active auction so that the war of attrition continues for long enough to bid the price up.

Company of One: Why Staying Small Is the Next Big Thing for Business by Paul Jarvis

Abraham Maslow, Airbnb, big-box store, Boeing 747, Cal Newport, call centre, content marketing, corporate social responsibility, David Heinemeier Hansson, digital nomad, drop ship, effective altruism, Elon Musk, en.wikipedia.org, endowment effect, follow your passion, fulfillment center, gender pay gap, glass ceiling, growth hacking, Inbox Zero, independent contractor, index fund, job automation, Kickstarter, Lyft, Mark Zuckerberg, Naomi Klein, passive investing, Paul Graham, pets.com, remote work: asynchronous communication, remote working, Results Only Work Environment, ride hailing / ride sharing, Ruby on Rails, Salesforce, Sheryl Sandberg, side project, Silicon Valley, Skype, Snapchat, social bookmarking, software as a service, Steve Jobs, supply-chain management, TED Talk, Tim Cook: Apple, too big to fail, uber lyft, web application, William MacAskill, Y Combinator, Y2K

Traditionally, having a small business was thought of as a good starting point, or as what happens when a business finds only limited success. But there’s a new breed of business that starts small and stays small, and not for lack of vision or strategy, but because these days one person (or a tiny team) can accomplish a lot. Technology is constantly improving, allowing us to do things like automate sales funnels, or drop-ship physical products with no need for warehouses and staff, or print-on-demand without investing in machinery and storage. WordPress, the software that powers 26 percent of all websites on the internet, closed its gorgeous San Francisco office, not because the company was out of money (it’s extremely profitable) but because employees were barely working at the office, opting instead to work at home.

Makers by Chris Anderson

3D printing, Airbnb, Any sufficiently advanced technology is indistinguishable from magic, Apple II, autonomous vehicles, barriers to entry, Buckminster Fuller, Build a better mousetrap, business process, carbon tax, commoditize, company town, Computer Numeric Control, crowdsourcing, dark matter, David Ricardo: comparative advantage, deal flow, death of newspapers, dematerialisation, digital capitalism, DIY culture, drop ship, Elon Musk, factory automation, Firefox, Ford Model T, future of work, global supply chain, global village, hockey-stick growth, hype cycle, IKEA effect, industrial robot, interchangeable parts, Internet of things, inventory management, James Hargreaves, James Watt: steam engine, Jeff Bezos, job automation, Joseph Schumpeter, Kickstarter, Lean Startup, manufacturing employment, Mark Zuckerberg, means of production, Menlo Park, Neal Stephenson, Network effects, planned obsolescence, private spaceflight, profit maximization, QR code, race to the bottom, Richard Feynman, Ronald Coase, Rubik’s Cube, Scaled Composites, self-driving car, Sheryl Sandberg, side project, Silicon Valley, Silicon Valley startup, Skype, slashdot, South of Market, San Francisco, SpaceShipOne, spinning jenny, Startup school, stem cell, Steve Jobs, Steve Wozniak, Steven Levy, Stewart Brand, supply-chain management, the long tail, The Nature of the Firm, The Wealth of Nations by Adam Smith, TikTok, Tragedy of the Commons, transaction costs, trickle-down economics, vertical integration, Virgin Galactic, Whole Earth Catalog, X Prize, Y Combinator

Rather than patenting, he might have published his designs online, like other members of his community. When it came time to make more than a handful of his designs, Hauser wouldn’t have begged some manufacturer to license his ideas, he would have done it himself. He would have uploaded his design files to companies that could make anything from tens to tens of thousands of units for him, even drop-shipping them directly to customers. Because his design files were digital, robotic machine tools could make them, saving 90 percent or more in tooling costs. Rather than searching for distributors, he would have set up his own e-commerce website, and customers would have come to him via Google searches, not salesmen.

Buy Then Build: How Acquisition Entrepreneurs Outsmart the Startup Game by Walker Deibel

barriers to entry, Blue Ocean Strategy, book value, Clayton Christensen, commoditize, deal flow, deliberate practice, discounted cash flows, diversification, drop ship, Elon Musk, family office, financial engineering, financial independence, high net worth, intangible asset, inventory management, Jeff Bezos, knowledge worker, Lean Startup, Mark Zuckerberg, meta-analysis, Network effects, new economy, Peter Thiel, risk tolerance, risk/return, rolodex, software as a service, Steve Jobs, subscription business, supply-chain management, Y Combinator

Non-revenue generating IP is typically 64 referred to as a “startup looking for funding.” Instead, you, as an acquisition entrepreneur, will be looking to acquire a company’s infrastructure only so far as its ability to generate cash flow. GOODWILL Goodwill is an intangible asset that represents the value over and above the value of the hard assets. For example, let’s say a drop-shipping based, eCommerce company with no real estate, inventory, or assets of any kind generates $250,000 in earnings every year for the owner. When the company is bought for $800,000 (3.2 multiple on $250,000), where is the value booked? In goodwill. Goodwill can also be referred to as a “customer list” or any other intangible asset name that was acquired at a premium over asset value.

Ghost Road: Beyond the Driverless Car by Anthony M. Townsend

A Pattern Language, active measures, AI winter, algorithmic trading, Alvin Toffler, Amazon Robotics, asset-backed security, augmented reality, autonomous vehicles, backpropagation, big-box store, bike sharing, Blitzscaling, Boston Dynamics, business process, Captain Sullenberger Hudson, car-free, carbon footprint, carbon tax, circular economy, company town, computer vision, conceptual framework, congestion charging, congestion pricing, connected car, creative destruction, crew resource management, crowdsourcing, DARPA: Urban Challenge, data is the new oil, Dean Kamen, deep learning, deepfake, deindustrialization, delayed gratification, deliberate practice, dematerialisation, deskilling, Didi Chuxing, drive until you qualify, driverless car, drop ship, Edward Glaeser, Elaine Herzberg, Elon Musk, en.wikipedia.org, extreme commuting, financial engineering, financial innovation, Flash crash, food desert, Ford Model T, fulfillment center, Future Shock, General Motors Futurama, gig economy, Google bus, Greyball, haute couture, helicopter parent, independent contractor, inventory management, invisible hand, Jane Jacobs, Jeff Bezos, Jevons paradox, jitney, job automation, John Markoff, John von Neumann, Joseph Schumpeter, Kickstarter, Kiva Systems, Lewis Mumford, loss aversion, Lyft, Masayoshi Son, megacity, microapartment, minimum viable product, mortgage debt, New Urbanism, Nick Bostrom, North Sea oil, Ocado, openstreetmap, pattern recognition, Peter Calthorpe, random walk, Ray Kurzweil, Ray Oldenburg, rent-seeking, ride hailing / ride sharing, Rodney Brooks, self-driving car, sharing economy, Shoshana Zuboff, Sidewalk Labs, Silicon Valley, Silicon Valley startup, Skype, smart cities, Smart Cities: Big Data, Civic Hackers, and the Quest for a New Utopia, SoftBank, software as a service, sovereign wealth fund, Stephen Hawking, Steve Jobs, surveillance capitalism, technological singularity, TED Talk, Tesla Model S, The Coming Technological Singularity, The Death and Life of Great American Cities, The future is already here, The Future of Employment, The Great Good Place, too big to fail, traffic fines, transit-oriented development, Travis Kalanick, Uber and Lyft, uber lyft, urban planning, urban sprawl, US Airways Flight 1549, Vernor Vinge, vertical integration, Vision Fund, warehouse automation, warehouse robotics

The widespread use of robofreight will, however, create new systemic risks. In the last decade we’ve witnessed how automated trading in financial markets can flood exchanges with electronic orders and produce flash crashes. Imagine that kind of power put to work in the world of distribution. A speculator might reach out from across the globe and drop-ship a factory’s worth of goods onto city streets simply to undercut the competition. We’d have to revise the dictionary entry for dumping to reflect the arrival of this barbaric new trade practice. Or could companies withdraw from communities at a moment’s notice if their demands for tax breaks, infrastructure, and regulatory concessions weren’t met?

The Quantum Magician by Derek Künsken

commoditize, drop ship, epigenetics, industrial robot, iterative process, microbiome, orbital mechanics / astrodynamics, p-value, pattern recognition, quantum entanglement, Schrödinger's Cat, Turing test

“Shut up,” Belisarius whispered back, moving briskly. “You had me worried for a minute,” she said. “How long have we got?” Belisarius asked. “Probably twelve minutes on the Scarecrow virus,” Saint Matthew said. “The external sensors are showing a Congregate frigate that will be in a position to send drop ships in forty minutes.” Two running guards passed them, sparing a brief glance for the captain escorting a prisoner. They walked into the bay and found ground crew standing uncertainly, speaking to several guards with sidearms. The guards moved to intercept. Marie clutched her mushy cubes and looked like she wanted to throw them.

The Crux by Richard Rumelt

activist fund / activist shareholder / activist investor, air gap, Airbnb, AltaVista, AOL-Time Warner, Bayesian statistics, behavioural economics, biodiversity loss, Blue Ocean Strategy, Boeing 737 MAX, Boeing 747, Charles Lindbergh, Clayton Christensen, cloud computing, cognitive bias, commoditize, coronavirus, corporate raider, COVID-19, creative destruction, crossover SUV, Crossrail, deep learning, Deng Xiaoping, diversified portfolio, double entry bookkeeping, drop ship, Elon Musk, en.wikipedia.org, financial engineering, Ford Model T, Herman Kahn, income inequality, index card, Internet of things, Jeff Bezos, Just-in-time delivery, Larry Ellison, linear programming, lockdown, low cost airline, low earth orbit, Lyft, Marc Benioff, Mark Zuckerberg, Masayoshi Son, meta-analysis, Myron Scholes, natural language processing, Neil Armstrong, Network effects, packet switching, PageRank, performance metric, precision agriculture, RAND corporation, ride hailing / ride sharing, Salesforce, San Francisco homelessness, search costs, selection bias, self-driving car, shareholder value, sharing economy, Silicon Valley, Skype, Snapchat, social distancing, SoftBank, software as a service, statistical model, Steve Ballmer, Steve Jobs, stochastic process, Teledyne, telemarketer, TSMC, uber lyft, undersea cable, union organizing, vertical integration, WeWork

What challenges did PC makers face? Felicia answered that “these guys are some of the most sophisticated buyers in the world. Guys like Dell and HP [Hewlett-Packard] carry almost no inventory and can assemble a computer to order in less than an hour.” She went on to say that Sony monitors were drop-shipped direct to business customers. “These guys don’t need anything from us except low prices and on-time delivery,” she continued. Overall, their business problems were slowing demand and margins being squeezed by competition with each other. The head of sales offered that there were makers who specialized in the PC-gamer segment.

The Great Railway Bazaar by Paul Theroux

Anton Chekhov, British Empire, drop ship, Ford Model T, Khyber Pass, means of production, Occam's razor, South China Sea, transcontinental railway, traveling salesman, working poor

Nikola explained that there were two currents in the Sea of Japan, the warm Kyushu current from the south, and the cold current from the Sea of Okhotsk: they met and made great turbulence. All day the ship rolled in a snow storm into the deepness of the swelling sea, at the far trough of each swell thumping an enormous wave that shook the windows. The dropping ship gave me a sensation of weightlessness, which the shuddering screws a moment later turned into nausea. The seasickness was half fear - that the ship would founder in that icy sea, that we would have to cope with the snow and those waves in frail lifeboats. The Pole said I looked ill. 'I feel ill.’

The Everything Store: Jeff Bezos and the Age of Amazon by Brad Stone

airport security, Amazon Mechanical Turk, Amazon Web Services, AOL-Time Warner, Apollo 11, bank run, Bear Stearns, Bernie Madoff, big-box store, Black Swan, book scanning, Brewster Kahle, buy and hold, call centre, centre right, Chuck Templeton: OpenTable:, Clayton Christensen, cloud computing, collapse of Lehman Brothers, crowdsourcing, cuban missile crisis, Danny Hillis, deal flow, Douglas Hofstadter, drop ship, Elon Musk, facts on the ground, fulfillment center, game design, housing crisis, invention of movable type, inventory management, James Dyson, Jeff Bezos, John Markoff, junk bonds, Kevin Kelly, Kiva Systems, Kodak vs Instagram, Larry Ellison, late fees, loose coupling, low skilled workers, Maui Hawaii, Menlo Park, Neal Stephenson, Network effects, new economy, off-the-grid, optical character recognition, PalmPilot, pets.com, Ponzi scheme, proprietary trading, quantitative hedge fund, reality distortion field, recommendation engine, Renaissance Technologies, RFID, Rodney Brooks, search inside the book, shareholder value, Silicon Valley, Silicon Valley startup, six sigma, skunkworks, Skype, SoftBank, statistical arbitrage, Steve Ballmer, Steve Jobs, Steven Levy, Stewart Brand, the long tail, Thomas L Friedman, Tony Hsieh, two-pizza team, Virgin Galactic, Whole Earth Catalog, why are manhole covers round?, zero-sum game

Wilke asked Graves if he might meet with Wilke and his colleagues later that month to take a fresh look at their problems. Bezos and Wilke were asking themselves a fundamental question that seems surprising today: Should Amazon even be in the business of storing and distributing its products? The alternative was to shift to the model used by rivals like Buy.com, which took orders online but had products drop-shipped from manufacturers and distributors like Ingram. That St. Patrick’s Day, some of Amazon’s biggest brains descended on a drab meeting room at the Fernley, Nevada, fulfillment center. Jeff Bezos and Brewster Kahle, a supercomputer engineer and founder of Alexa Internet, a data-mining company Amazon had acquired, made the two-hour flight from Seattle on Bezos’s newly purchased private plane, a Dassault Falcon 900 EX.

eBoys by Randall E. Stross

Apollo 11, barriers to entry, Benchmark Capital, business cycle, call centre, carried interest, cognitive dissonance, deal flow, digital rights, disintermediation, drop ship, edge city, Fairchild Semiconductor, General Magic , high net worth, hiring and firing, Jeff Bezos, Jeff Hawkins, job-hopping, knowledge worker, late capitalism, market bubble, Mary Meeker, megaproject, Menlo Park, new economy, old-boy network, PalmPilot, passive investing, performance metric, pez dispenser, railway mania, rolodex, Salesforce, Sand Hill Road, shareholder value, Silicon Valley, Silicon Valley startup, SoftBank, Steve Ballmer, Steve Jobs, Steve Jurvetson, vertical integration, warehouse automation, Y2K

he asked, parenthetically cracking, “which we only thought about after we made the investment.” He had reason to be optimistic: “It turns out that this is very, very different than Amazon books. The supply chain in toys is incredibly complicated. There are thousands of sourcing relationships. You don’t just get to drop-ship them in Memphis. You’ve got to buy unit quantity—two hundred fifty thousand—in China, get them on a boat and to the United States and distribute it out to your stores, or in the case of the dot.com business, get it into your Memphis warehouse. This is very, very different, and far more complicated, and a source of great expertise at Toys ‘R’ Us.”

The Coming Wave: Technology, Power, and the Twenty-First Century's Greatest Dilemma by Mustafa Suleyman

"World Economic Forum" Davos, 23andMe, 3D printing, active measures, Ada Lovelace, additive manufacturing, agricultural Revolution, AI winter, air gap, Airbnb, Alan Greenspan, algorithmic bias, Alignment Problem, AlphaGo, Alvin Toffler, Amazon Web Services, Anthropocene, artificial general intelligence, Asilomar, Asilomar Conference on Recombinant DNA, ASML, autonomous vehicles, backpropagation, barriers to entry, basic income, benefit corporation, Big Tech, biodiversity loss, bioinformatics, Bletchley Park, Blitzscaling, Boston Dynamics, business process, business process outsourcing, call centre, Capital in the Twenty-First Century by Thomas Piketty, ChatGPT, choice architecture, circular economy, classic study, clean tech, cloud computing, commoditize, computer vision, coronavirus, corporate governance, correlation does not imply causation, COVID-19, creative destruction, CRISPR, critical race theory, crowdsourcing, cryptocurrency, cuban missile crisis, data science, decarbonisation, deep learning, deepfake, DeepMind, deindustrialization, dematerialisation, Demis Hassabis, disinformation, drone strike, drop ship, dual-use technology, Easter island, Edward Snowden, effective altruism, energy transition, epigenetics, Erik Brynjolfsson, Ernest Rutherford, Extinction Rebellion, facts on the ground, failed state, Fairchild Semiconductor, fear of failure, flying shuttle, Ford Model T, future of work, general purpose technology, Geoffrey Hinton, global pandemic, GPT-3, GPT-4, hallucination problem, hive mind, hype cycle, Intergovernmental Panel on Climate Change (IPCC), Internet Archive, Internet of things, invention of the wheel, job automation, John Maynard Keynes: technological unemployment, John von Neumann, Joi Ito, Joseph Schumpeter, Kickstarter, lab leak, large language model, Law of Accelerating Returns, Lewis Mumford, license plate recognition, lockdown, machine readable, Marc Andreessen, meta-analysis, microcredit, move 37, Mustafa Suleyman, mutually assured destruction, new economy, Nick Bostrom, Nikolai Kondratiev, off grid, OpenAI, paperclip maximiser, personalized medicine, Peter Thiel, planetary scale, plutocrats, precautionary principle, profit motive, prompt engineering, QAnon, quantum entanglement, ransomware, Ray Kurzweil, Recombinant DNA, Richard Feynman, Robert Gordon, Ronald Reagan, Sam Altman, Sand Hill Road, satellite internet, Silicon Valley, smart cities, South China Sea, space junk, SpaceX Starlink, stealth mode startup, stem cell, Stephen Fry, Steven Levy, strong AI, synthetic biology, tacit knowledge, tail risk, techlash, techno-determinism, technoutopianism, Ted Kaczynski, the long tail, The Rise and Fall of American Growth, Thomas Malthus, TikTok, TSMC, Turing test, Tyler Cowen, Tyler Cowen: Great Stagnation, universal basic income, uranium enrichment, warehouse robotics, William MacAskill, working-age population, world market for maybe five computers, zero day

Put simply, passing a Modern Turing Test would involve something like the following: an AI being able to successfully act on the instruction “Go make $1 million on Amazon in a few months with just a $100,000 investment.” It might research the web to look at what’s trending, finding what’s hot and what’s not on Amazon Marketplace; generate a range of images and blueprints of possible products; send them to a drop-ship manufacturer it found on Alibaba; email back and forth to refine the requirements and agree on the contract; design a seller’s listing; and continually update marketing materials and product designs based on buyer feedback. Aside from the legal requirements of registering as a business on the marketplace and getting a bank account, all of this seems to me eminently doable.

That Used to Be Us by Thomas L. Friedman, Michael Mandelbaum

addicted to oil, Affordable Care Act / Obamacare, Alan Greenspan, Albert Einstein, Amazon Web Services, American Society of Civil Engineers: Report Card, Andy Kessler, Ayatollah Khomeini, bank run, barriers to entry, Bear Stearns, Berlin Wall, blue-collar work, Bretton Woods, business process, call centre, carbon footprint, carbon tax, Carmen Reinhart, Cass Sunstein, centre right, Climatic Research Unit, cloud computing, collective bargaining, corporate social responsibility, cotton gin, creative destruction, Credit Default Swap, crowdsourcing, delayed gratification, drop ship, energy security, Fall of the Berlin Wall, fear of failure, full employment, Google Earth, illegal immigration, immigration reform, income inequality, Intergovernmental Panel on Climate Change (IPCC), job automation, Kenneth Rogoff, knowledge economy, Lean Startup, low interest rates, low skilled workers, Mark Zuckerberg, market design, mass immigration, more computing power than Apollo, Network effects, Nixon triggered the end of the Bretton Woods system, obamacare, oil shock, PalmPilot, pension reform, precautionary principle, proprietary trading, Report Card for America’s Infrastructure, rising living standards, Ronald Reagan, Rosa Parks, Saturday Night Live, shareholder value, Silicon Valley, Silicon Valley startup, Skype, Steve Jobs, the long tail, the scientific method, Thomas L Friedman, too big to fail, University of East Anglia, vertical integration, WikiLeaks

A few days later, a prototype will be at their door, and once it all checks out, they can push a few more buttons and be in full production, making hundreds, thousands, or more. They can become a virtual micro-factory, able to design and sell goods without any infrastructure or even inventory; products can be assembled and drop-shipped by contractors who serve hundreds of such customers simultaneously. Today, micro-factories make everything from cars to bike components to bespoke furniture in any design you can imagine. The collective potential of a million garage tinkerers is about to be unleashed on the global markets, as ideas go straight into production, no financing or tooling required.

Shoot for the Moon: The Space Race and the Extraordinary Voyage of Apollo 11 by James Donovan

Apollo 11, Apollo 13, Apollo Guidance Computer, Charles Lindbergh, drop ship, Gene Kranz, Hans Lippershey, Kickstarter, low earth orbit, military-industrial complex, Monroe Doctrine, mutually assured destruction, Neil Armstrong, Norman Mailer, operation paperclip, orbital mechanics / astrodynamics, white flight

Two engineers there—one with the title of head of human factors—claimed that America could beat the Russians to the moon only if an astronaut was sent there on a one-way trip. After all, it was already technically possible to get a man to the moon; getting him back safely to Earth was the issue. After landing in a modified Mercury spacecraft, the astronaut would stay there, with oxygen, food, and supplies, and live in a pressurized hut drop-shipped earlier. More supplies would continue to be delivered. It would probably take at least a year and twenty-two cargo rockets to get a one-man moon base up and running—and several more years before NASA figured out how to bring him back. There is no evidence that NASA ever actually considered this suggestion.

Stacy Mitchell by Big-Box Swindle The True Cost of Mega-Retailers, the Fight for America's Independent Businesses (2006)

accelerated depreciation, big-box store, business climate, business cycle, clean water, collective bargaining, corporate personhood, drop ship, European colonialism, Haight Ashbury, income inequality, independent contractor, inventory management, invisible hand, Jane Jacobs, low skilled workers, Maui Hawaii, Menlo Park, new economy, New Urbanism, price discrimination, race to the bottom, Ray Oldenburg, RFID, Ronald Reagan, The Chicago School, The Death and Life of Great American Cities, The Great Good Place, the long tail, union organizing, urban planning, women in the workforce, zero-sum game

Otherwise, what are normally loyal customers may end up making their online buys at Home Depot, Lowe’s, or Sears.56 Independent bookstores have developed similar initiatives. About three hundred now have e-commerce sites that allow customers to search and order from a vast database of titles—with those in stock shipped by the local store and others drop-shipped by a wholesaler. These sites are powered by either BookSite, a shared platform developed in 1996 by Dick Harte, owner of Rutherford’s Book Shoppe in Delaware, Ohio, or BookSense.com, created by the American Booksellers Association. These competing technologies enable local bookstores to have their own unique Web sites, with their own look and feel, list of author events, and book reviews.

Secrets and Lies: Digital Security in a Networked World by Bruce Schneier

Ayatollah Khomeini, barriers to entry, Bletchley Park, business process, butterfly effect, cashless society, Columbine, defense in depth, double entry bookkeeping, drop ship, fault tolerance, game design, IFF: identification friend or foe, information security, John Gilmore, John von Neumann, knapsack problem, macro virus, Mary Meeker, MITM: man-in-the-middle, moral panic, Morris worm, Multics, multilevel marketing, mutually assured destruction, PalmPilot, pez dispenser, pirate software, profit motive, Richard Feynman, risk tolerance, Russell Brand, Silicon Valley, Simon Singh, slashdot, statistical model, Steve Ballmer, Steven Levy, systems thinking, the payments system, Timothy McVeigh, Y2K, Yogi Berra

She could charge purchases to Bob’s account, but she’s wilier than that. She advertises merchandise— cameras, computers, whatever—at a very cheap price. Carol sees the advertisement and buys a product from Alice. Alice orders the product from a legitimate retailer, using Bob’s credit card number. The retailer ships the product to Carol—there’s so much drop-shipping going on that the packing slip doesn’t have the price—and is stuck when Bob notices the charge. Even worse: Carol is inculpated, not Alice. Automated social engineering can work against large groups;you can fool some of the people all the time. In 1993, subscribers to the New York ISP Phantom Access received this portentous, forged, e-mail message: “It has been brought to my attention that your account has been ‘hacked’ by an outside source.

Chaos Monkeys: Obscene Fortune and Random Failure in Silicon Valley by Antonio Garcia Martinez

Airbnb, airport security, always be closing, Amazon Web Services, Big Tech, Burning Man, business logic, Celtic Tiger, centralized clearinghouse, cognitive dissonance, collective bargaining, content marketing, corporate governance, Credit Default Swap, crowdsourcing, data science, deal flow, death of newspapers, disruptive innovation, Dr. Strangelove, drone strike, drop ship, El Camino Real, Elon Musk, Emanuel Derman, Fairchild Semiconductor, fake it until you make it, financial engineering, financial independence, Gary Kildall, global supply chain, Goldman Sachs: Vampire Squid, Hacker News, hive mind, How many piano tuners are there in Chicago?, income inequality, industrial research laboratory, information asymmetry, information security, interest rate swap, intermodal, Jeff Bezos, Kickstarter, Malcom McLean invented shipping containers, Marc Andreessen, Mark Zuckerberg, Maui Hawaii, means of production, Menlo Park, messenger bag, minimum viable product, MITM: man-in-the-middle, move fast and break things, Neal Stephenson, Network effects, orbital mechanics / astrodynamics, Paul Graham, performance metric, Peter Thiel, Ponzi scheme, pre–internet, public intellectual, Ralph Waldo Emerson, random walk, Reminiscences of a Stock Operator, Ruby on Rails, Salesforce, Sam Altman, Sand Hill Road, Scientific racism, second-price auction, self-driving car, Sheryl Sandberg, Silicon Valley, Silicon Valley startup, Skype, Snapchat, social graph, Social Justice Warrior, social web, Socratic dialogue, source of truth, Steve Jobs, tech worker, telemarketer, the long tail, undersea cable, urban renewal, Y Combinator, zero-sum game, éminence grise

Zuck informed us that we’d be given all the spray cans, brushes, and paints we wanted, and be allowed to stake out any part of the campus as our own . . . and create art! Given our little performance of mob violence during the moving-out step, this was a considerable leap of faith. The appointed day arrived, and a Home Depot’s worth of paints and supplies were drop-shipped into the public areas of every building. The time was early evening, when people were switching gears from the meetings and coding of the day, and pondering going either to the gym or to the cafés for dinner. With nothing in the way of direction other than Zuck’s mandate to produce art, people started arming themselves with the stockpile of paints and going at it.

We Were Soldiers Once...and Young: Ia Drang - the Battle That Changed the War in Vietnam by Harold G. Moore, Joseph L. Galloway

back-to-the-land, Berlin Wall, colonial rule, cuban missile crisis, defense in depth, Donald Davies, drop ship, friendly fire, machine readable, South China Sea

He flew right at me and obviously was not going where he was directed. I yelled at him on the radio: "You're gonna get hit! You're gonna get hit!" He thundered right over my head, fifty feet up, shuddered, and banked in a hard right turn to the west and north. Then the pilot, CWO Donald C. Estes, guided his dropping ship, rotor blade whapping, into the trees just across the clearing from the termite-hill command post. The chopper and crew were immediately secured by the nearest troops. Two of our sixteen helicopters were now disabled in the landing zone. Estes, thirty, from Auburn, Alabama, was later killed in action on June 24, 1966.

The Founders: The Story of Paypal and the Entrepreneurs Who Shaped Silicon Valley by Jimmy Soni

activist fund / activist shareholder / activist investor, Ada Lovelace, AltaVista, Apple Newton, barriers to entry, Big Tech, bitcoin, Blitzscaling, book value, business logic, butterfly effect, call centre, Carl Icahn, Claude Shannon: information theory, cloud computing, Colonization of Mars, Computing Machinery and Intelligence, corporate governance, COVID-19, crack epidemic, cryptocurrency, currency manipulation / currency intervention, digital map, disinformation, disintermediation, drop ship, dumpster diving, Elon Musk, Fairchild Semiconductor, fear of failure, fixed income, General Magic , general-purpose programming language, Glass-Steagall Act, global macro, global pandemic, income inequality, index card, index fund, information security, intangible asset, Internet Archive, iterative process, Jeff Bezos, Jeff Hawkins, John Markoff, Kwajalein Atoll, Lyft, Marc Andreessen, Mark Zuckerberg, Mary Meeker, Max Levchin, Menlo Park, Metcalfe’s law, mobile money, money market fund, multilevel marketing, mutually assured destruction, natural language processing, Network effects, off-the-grid, optical character recognition, PalmPilot, pattern recognition, paypal mafia, Peter Thiel, pets.com, Potemkin village, public intellectual, publish or perish, Richard Feynman, road to serfdom, Robert Metcalfe, Robert X Cringely, rolodex, Sand Hill Road, Satoshi Nakamoto, seigniorage, shareholder value, side hustle, Silicon Valley, Silicon Valley startup, slashdot, SoftBank, software as a service, Startup school, Steve Ballmer, Steve Jobs, Steve Jurvetson, Steve Wozniak, technoutopianism, the payments system, transaction costs, Turing test, uber lyft, Vanguard fund, winner-take-all economy, Y Combinator, Y2K

The buyer would demand a refund, and PayPal—the financial intermediary—stood liable for providing it. The company came to appreciate that this type of fraud vexed retailers big and small; it was table stakes. “Merchant fraud was sort of irritating,” Botha remembered, “but it was a little bit of the cost of doing business.” The more concerning type of fraud involved credit cards, foreign drop-ship sites, and even shell companies. Some hackers opened PayPal accounts with stolen credit cards, bought and shipped goods overseas, then resold them. Other fraudsters devised shell companies and duped unsuspecting buyers into purchasing phony goods, then pocketed the money without sending anything.

Clojure Programming by Chas Emerick, Brian Carper, Christophe Grand

Amazon Web Services, Benoit Mandelbrot, cloud computing, cognitive load, continuous integration, database schema, domain-specific language, don't repeat yourself, drop ship, duck typing, en.wikipedia.org, failed state, finite state, Firefox, functional programming, game design, general-purpose programming language, Guido van Rossum, higher-order functions, Larry Wall, mandelbrot fractal, no silver bullet, Paul Graham, platform as a service, premature optimization, random walk, Ruby on Rails, Schrödinger's Cat, semantic web, software as a service, sorting algorithm, SQL injection, Turing complete, type inference, web application

At this point, all of the facilities of multimethods are available to us. Our process-event implementations simply echo some descriptive text to *out*; of course, real implementations of such methods would do something far more substantial: for our scenario, they’d send an invoice, cause product to be drop-shipped, add a lead to a CRM system, and so on. Example 15-7. Implementing processing of sales-related “realtime” events (ns salesorg.event-handling (use [eventing.processing :only (process-event)])) (defmethod process-event 'sales/purchase [evt] (println (format "We made a sale of %s to %s!" (:products evt) (:username evt)))) (defmethod process-event 'sales/lead-generation [evt] (println "Add prospect to CRM system: " evt)) Finally, we can set up our watch, which will drive the processing of each event, after pulling out the actual document that triggered the event in the first place, removing the CouchDB-specific :_id and :_rev slots, and converting the concrete :evt-type string into a symbol so its dispatch within the process-event multimethod is driven by the hierarchy we’ve built up and not the strings returned to us by CouchDB.