Hey everyone, I posted a intro. thread when I first discovered this forum that can be found here https://www.thefastlaneforum.com/introductions-networking/37394-hey-california.html
I am posting this thread because I want to be held accountable for my progress and contribute back to the forum. I never posted much as you can tell from my 8 post, but I'd finished reading the book last year in high school and have been reading the forum almost every day since. Hopefully this thread will provide some value and motivate others like how the forum has motivated and changed me.
My life right now:
- 18 years old, no debt at all
- Attending a University because I am forced by my parents.
- Working as a Waiter 4 hrs a day, 3 times a week (way better compared to Carl's Jr )
My current progress:
After many failures, losing over $600+ trying to make money, I finally found a product that I want to start branding. I will not reveal the product because it is relatively new and growing, but I found it by looking at the people around me and figuring out what was a hot seller. There are many people selling the product but they are not trying to brand the product. I believe are 3-5 brands in the niche so far (have to do more research on that).
I went on alibaba and searched for the product and emailed a few manufacturers with the help of biophase's thread on how to contact manufacturers somewhere on the forum. They all responded but I went with one that I felt I could trust. Of course I did some research on the company before hand so I wouldn't get scammed. I searched up on Google how to avoid getting scammed on alibaba and found these two that helped me 5. How to check your Supplier before ordering-Alibaba Trade Forums and 7 Ways to Get Scammed on Alibaba
I placed a sample order of 10pcs last week sold all of them this week on eBay with a 100% ROI after fees. So I placed another order with higher quantity today and hopefully it will arrive Monday/Tuesday so I can start selling again. My plan is to continue to raise the quantity until I can reach the MOQ to start branding the product.
My current goals:
- Reach the MOQ to brand the product in a month or two
- Open a credit card strictly for purchasing products to sell
- Think of a name for my brand
- Hire someone from 99design to create a logo
- Create an eCommerce website
- Think of a way to market
It feels good to finally start making money on my own. Reading the book and forums is really helpful and informative but it only took me so far. All it took was for me to pull the trigger and take action. I still have a bunch to learn but I am ready to start my journey into the fastlane. :driving:
I am posting this thread because I want to be held accountable for my progress and contribute back to the forum. I never posted much as you can tell from my 8 post, but I'd finished reading the book last year in high school and have been reading the forum almost every day since. Hopefully this thread will provide some value and motivate others like how the forum has motivated and changed me.
My life right now:
- 18 years old, no debt at all
- Attending a University because I am forced by my parents.
- Working as a Waiter 4 hrs a day, 3 times a week (way better compared to Carl's Jr )
My current progress:
After many failures, losing over $600+ trying to make money, I finally found a product that I want to start branding. I will not reveal the product because it is relatively new and growing, but I found it by looking at the people around me and figuring out what was a hot seller. There are many people selling the product but they are not trying to brand the product. I believe are 3-5 brands in the niche so far (have to do more research on that).
I went on alibaba and searched for the product and emailed a few manufacturers with the help of biophase's thread on how to contact manufacturers somewhere on the forum. They all responded but I went with one that I felt I could trust. Of course I did some research on the company before hand so I wouldn't get scammed. I searched up on Google how to avoid getting scammed on alibaba and found these two that helped me 5. How to check your Supplier before ordering-Alibaba Trade Forums and 7 Ways to Get Scammed on Alibaba
I placed a sample order of 10pcs last week sold all of them this week on eBay with a 100% ROI after fees. So I placed another order with higher quantity today and hopefully it will arrive Monday/Tuesday so I can start selling again. My plan is to continue to raise the quantity until I can reach the MOQ to start branding the product.
My current goals:
- Reach the MOQ to brand the product in a month or two
- Open a credit card strictly for purchasing products to sell
- Think of a name for my brand
- Hire someone from 99design to create a logo
- Create an eCommerce website
- Think of a way to market
It feels good to finally start making money on my own. Reading the book and forums is really helpful and informative but it only took me so far. All it took was for me to pull the trigger and take action. I still have a bunch to learn but I am ready to start my journey into the fastlane. :driving:
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