Posted by Victor Joseph Tech 360 Magazine Guest Writer
LILOs: Get Rich Slow
LILO, standing for a Little In a Lot Out, The term first appeared in TIME of Thursday,
Apr. 09, 2009 in an article by Josh QUITTNER to refer to a kind of web based
companies which are very cheap to start and can become serious money makers to
their founders.
How do you get started? All that's required is a
great idea for a product that will fill a need in the 21st century. These days
you'd do best if your idea either makes people money or saves them money.
An example of
such a company is MotorMouths.com founded by John Tayman and went online on January
2009; Motormouths simply summarizes car reviews from other sources and rank every model of new
car.