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.

Wednesday, 24 December 2008

Startup Idea #108: An open source ebook reader for the BOP

I think there is an opportunity to build a cheap ebook reader that comes with a marketplace like Apple's App store for users to sell and buy ebooks and articles. The current price of ebook readers are too high and lacks a marketplace. It also doesn't enhance the experience even though it is digital.

I hope the first market that a cheap ebook reader can reach is the bottom of the pyramid crowd. The kids of the poor have very poor access to information. A cheap ebook reader, with thousands dollars of free content, can be a viable way for them to overcome this.

Furthermore, if we can leverage on mobile kiosks in these countries to allow users to buy additional content through digital means, then we have also created a simple way for the poor to participate in the latest knowledge the developed world has to offer.

Of course, a cheap ebook reader will not only benefit the developing countries. The market for a cheap gateway into the world of written knowledge is going to be huge. Moreover, the market in developed countries might have a bigger appetite for slight higher price reader that enhances the reading experiences. Things like writng notes on your reader and sharing them with your friends who have the same digital ebook. Or taking one paragraph of an article and emailing or bookmarking that straight from the reader.

Some links for you to read and ponder.

A $20 ebook reader:

How to enhance the reading experience

How a startup, with $20,000, build a business on digital photoframe
. This shows that we can do a hardware business with low cost.

This is really powerful. Reinventing how books are created and distributed. Similar to how ipod changes how music is created and distributed. It will not be easy but that means less competition as well.