Welcome to aaron chua make money blog

Hi, welcome to my blog. In this part of my world, I talked about how to achieve financial freedom by learning how to make money online through creating sites and earning from them.

Below are some current and past make money projects that details my learning journey.

My current experiment in making 50 amazon site niches. If you have not been following this challenge, best place to start is this resource page for the amazon challenge, that lists all the articles that I have written so far.

My experiment in making 1000 a month through adsense in 9 months.

If you came here looking for low cost startup ideas, here are 140 startup ideas that you can browse through.

Saturday, 3 May 2008

Idea generation #24: Platforms for democratizing professional services

I always thought that blogging platforms are the end all and be all of democratization. However, coming across this article about Covestor really blew my mind away on the opportunities to build platforms that democratized different types of professional services.

What Covestor does is building a platform that allows the average Joe to become a fund manager. The fund management industry is paid with fat margins with no corresponding relationship with efficiency: an industry waiting to be disrupted by platforms such as Covestor.

So, the next question is to ask what other industries have a similar structure: fat margins, dependent on a selected 'professional' and relatively inefficient? We have seen journalism being democratized by blogging platforms, and now fund management by Covestor platform, what else is next? How about HR recruitments? Or research firms? or credit rating agencies?