Shopify teams up with 4-Hour Workweek guy to offer $100K prize

Posted by Rob Lewis

Tim Ferriss of 4-Hour Workweek fame has partnered up with Tobi Lutke of Ottawa e-commerce platform Shopify to run a pretty cool contest with a very large prize. $100K to the entrepreneur who's NEW online store has the most revenue for two consecutive months.

Why is Ferriss working with an Ottawa startup on a contest of this grand scale?

Recognizing that building an "automated businesses" like the ones he preaches in his best-selling book isn't easy with most blaming a lack of technical skills, Ferriss polled his 50,000+ Twitter users about e-commerce platforms.

The near-unanimous response was that Shopify offered the easiest-to-use full-service platform in existence. Having never heard of Shopify Ferriss searched out CEO Tobi Lutke at a conference and shortly thereafter became an advisor to the Ottawa startup.

Brainstorming ways to promote Shopify, a long-distance phone conversation between the two went something like this:

“So, do you have any ideas?”

“Well, if we’re going to do something, it should be big. It should make people sit up and say OMFG. Make people actually do something,” I responded.

The conversation continued in front of the Thai restaurant, me pacing on my cell phone in San Francisco — foregoing food in excitement — and Tobi in his offices in Ottawa, Canada.

We decided in the subsequent 10 minutes to offer $100,000 cash as a bribe to you all. The overview?

  • $100,000 for the grand winner
  • $120,000 total in prizes
  • 6 months starting January 1 but you can (and should) get started now
  • Even if you don’t win the prizes, you should end up with a viable business at the end of 6 months

Unfortunately the contest is only open to US residents but Lutke urges wanna-be entrepreneurs from around the world to give it a shot.

That being said, you can still participate in this contest wherever you are. The prize money is significant, but don’t forget the spirit of the contest: to give a kick in the pants to all those people who have wanted to start businesses but haven’t. The real prize is having a business of your own at the end of the six months. You’ll still have all the same resources and guides as everyone else: support from the Shopify team, help and guidance from Tim and other experts, and more control over your financial independence.”

Still interested? Read more details on the contest here.

Company:
Shopify
Website:
http://www.shopify.ca
Location:
Ottawa, Ontario, Canada

Shopify is an Ottawa based commerce platform that allows anyone to easily sell online, at their retail location, and everywhere in between. Shopify offers a professional online storefront, a payment solution to accept credit cards, a point of sale system to power retail sales and a card reader to accept payments through a mobile phone. Shopify currently powers over 80,000 active online stores around the world,... more


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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more



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