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- Feb 8, 2016
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Hello Fastlaners!
This is my first post here (even though I read the forum for a year or so). By the way, I talked with MJ and he gave me permission to post this here.
I will try to keep the intro as short as possible while giving you some background info to understand what's going on.
--------------------------------------------------------------------------------------------------------------------------------------------
My name is Damian Pros.
I am a 20-year old entrepreneur from Greece. One year ago, I read MJ's book.
Around that time I started my website, Dare and Conquer, and also run into other business ventures.
At this time, I was living off $200 per month my parents were giving me and I was going to college just to be be "respected" among the society and don't argue with my parents about what I really wanted to do.
I didn't have money for a house and lived in the awful dorm of my university (not even close to the university dorms of other countries - I had cockroaches in my room).
I started freelancing.
I tried Fiverr.com and accomplished pretty good results really fast. I made about $1600+ in my first month.
I have never seen so much money in my life.
At this time, Victor Pride, the proprietor of the popular manosphere website known as Bold & Determined published the story on his personal blog with the title "How This Kid in Greece Makes Full-Time Money on Fiverr Working Only Part-Time".
Well, even if that wasn't good enough for me - my freelancing endeavor eventually took off and turned out into what I call a Fiverr Business.
It certainly violates the 1st commandment, probably the 2nd too. It's fine with the other three though. But anyway, I have a lot more way to go. That's not so important at the moment.
Note: What follows is an article I had originally written for my blog. It's 5000 words long. That's 100% what I did. That's how I see the world of business as a newbie 20-year old entrepreneur.
Why Do I Post It Here?
Because I believe there are so many young people out there who have the drive and abilities to excel, but are dragged down and remain mediocre due to various reasons. My hope is that this can inspire you to get started even if you are young. Age doesn't matter much.
Also, this advice could help you overcome some obstacles I faced in the beginning as a new entrepreneur with almost no help (rather than a few tips and books I read).
Again, this was written to be a website article. Keep that in mind when reading.
How can a 20-year old guy like me make $11032 in only 2 months with such a low amount of work?
Unless you are some kind of a pro athlete, a genius, a high-end consultant or whatever – it’s unlikely you can make that money just by getting paid by an hourly rate.
Even if you could, but it would take you more than 1.30 of daily work. Actually, it would probably take you even more than 8 or 10 hours.
There is a way it could take you less, but only if you did this one thing.
Before I tell you what it is, think about this:
How many hours do you and I have in our day?
Just twenty-four hours each. If you sleep 8 hours, you are left with another 16.
That's not much. Even if you were working during all these 16 hours, there would be a limit to what you could make.
But what if you had 32 hours in one day? Or 48? Or 64?
You could make 2x, 3x, 4x and more, more, more. Right?
But wait!
You don't have 64 hours in one given day. You can't change the laws of physics.
Hmm, ok. There is a way around it.
If each human has 16 hours a day without sleeping, then two humans have 32 and three humans have 48.
Do you see where I am going with this example?
Your time is limited. Other people also have limited time. So, why don’t you take advantage of other people's time?
Why don’t you grab the opportunity to grow your business - whatever this is - by letting others do a part of the work for you?
Start delegating! (I know, easier said than done.)
There are many factors you have to consider.
First and foremost, you can't delegate everything. And you can't sit back without doing anything while others do the hard work for you.
That won't happen.
But you can save yourself a hell lot of time, make some people happy and make your wallet heavier by taking advantage of other people's time.
After one point - you should hire others to invest their time for you.
If you want to take your business to the next level and maximize your profits, there is no way around it.
Basic example:
You could work with 15 clients in 8 hours of work, but you couldn’t deal with 30 at the same time.
But if you had two employees dealing with 15 customers each, you would still make money without putting in any time at all. (That’s just a theory.)
As I said, you only have a limited amount of time. You can't do everything by yourself.
With that said, let me tell you how I did it and how you could apply what I learned into your business, right now, to make more money.
Here Is How I Made $11032 In 2 Months With Less Than 1.30 Hour Of Daily Work
As some of you know, some months ago I started freelancing on Fiverr.
The money I made there allowed me to start living on my own even during this terrible financial crisis.
I used to live on $200 per month my parents gave me, which was a hell of a struggle.
Anyway, this changed thanks to many factors. Like the people who influenced me to change - as well as the huge personal effort I put it.
I was finally independent, not worrying about money and living comfortably.
This small success made me thirsty for more.
(There was a small "off-line period" that I almost ruined everything, I will tell you about it shortly)
More freedom and more money. I am not the type of guy who compromises with just one small success.
And there is a reason for that. Things change fast. As you will read later on- if you compromise, you could lose it all.
You must be adaptable to changes in your environment and always go for more. You should always "evolve".
So, that’s how I evolved: I started outsourcing the work I did on Fiverr.
I found someone I knew that had a talent and helped him take advantage of it for the benefit of both of us.
He went from not having work and being broke, to making pretty good money working from his laptop.
On the other hand, I enjoyed much more personal freedom while money kept pouring in without much work from my side.
Win-win.
Here is an income/expense breakdown of the last two months:
A.Money Made
· December 2015
· January 2016
$6849 + $7221 = $14070 in just two months and I didn't even count the whole last day of January.
There would probably be another $200-$400. Anyway, it doesn't matter much.
B.Expenses Paid
I had one employee handling all the orders (I have two now.)
I paid my 1st guy twice a month for $749. This means I sent him 4 payments of $749 = $2996 in total for December and January.
Calculate The Difference:
$14070 - $2996 = $11074
I also had some other small expenses like:
$25 for gigs I bought.
$9 withdrawal fees.
$8 money transfer fees.
What's left?
$11032.
Not bad. Imagine if I had more guys working with me!
Not bad at all, considering I only put about 1 hour of work a day on average.
Disclaimer: That’s not an overnight success or easy work. I have been hustling for a year before that happened and it took me about 5 months without making a penny online.
So, how exactly did I accomplish that? And how can you do that in your business?
I created a small system.
I didn’t want my employees to have access to my account. So I had to think of a system that would give them access to their daily work as easy as possible.
It took about an hour to brainstorm it.
The simplified version is:
PHASE A
1. I discovered I could just copy each Order’s Information from Fiverr and put it in a Word file.
2. I marked the word files with a priority number and the customer’s name. (For example: “O1 johnsxk” and “O2 kaleb98s” where O1 means Order 1).
3. I put them all in a zip file called “30.01.16 employee’s name here”
4. In the morning, I used e-mail to send the zip file over to my employee’s e-mail.
5. My employee had 24 hours to get all the orders done.
I also set one requirement for PHASE A.
Requirement: I would send all the orders that had an expected delivery time between one day and four hours and two days and four hours.
This was super important.
It meant that if I sent the orders at 10 am, then they would ALL be supposed to be ready until the next day, same hour.
Even if something happened, I would still have a safety window of 4 hours to deliver the first one. The others had more.
(You should take any measure to protect your reputation. Late deliveries would hurt mine.)
Also, this allowed me to deliver many orders much FASTER than I could do on my own.
When the customer saw that I delivered his order 20 hours earlier, he felt obligated to leave me a 5-star review or even a $20 tip. (This happened often!)
PHASE B
1. Twenty-four hours after I have sent the orders to my employee, he would send them back via email.
2. I just had to download the file, go to Fiverr and mass-deliver. Numbering the orders with O1, O2, O3 etc saved me tons of time as I immediately knew which file was for each one of my customers.
WOW, Damian this whole process should take you ages!
Actually, no.
I don’t know if it sounds complex, but it is super easy to execute.
It only takes me 20 minutes in total.
And I used the rest of my time (40’ to 60’) to answer any customer messages I have.
Key Takeaway: To outsource effectively, you need a system that 1) makes things easy for you and your employees 2) saves you time 3) is efficient.
How You Can Apply This To Your Own Business
This is not something I invented, not something I was the first man to do.
So many businessmen around the world use this strategy to make more money.
Now, a logical question should be: "Why isn't everybody doing it?".
First of all, you need an already established business that makes some money and satisfies a market demand.
But let's say you have that. What's next?
Is it really so easy as hiring others, sitting back and relaxing?
You guessed it. It's not.
And here is why.
First of all, hiring others is a move that involves a certain risk.
When you have a business with happy customers, these customers expect you to deliver consistent quality of services.
Let's say I was a web developer. The best at my job. That I designed mind-blowing websites.
Then, I start outsourcing it. I hire someone and pay him to do the hard work for me.
If that someone doesn't deliver the same quality I delivered, then I will lose my customers. It will hurt my brand. And I will lose money.
Simple as that.
Secondly, hiring others requires solid management skills. You have to know how to effectively deal with people.
Sometimes, you will have to be "bad".
You should be smart enough to not get manipulated (Yes, your employees will take advantage of you if they see that they can).
These were the two major issues I encountered as soon as I decided to take my business to the next level.
So, to save you from the hassle I put myself into, let me give you some advice on how to deal with these issues.
1. How To Manage Your Employees Effectively
A. Don't Relinquish Control Over Your Business
You shouldn't trust your employees for anything beyond getting their job done.
Trust them for doing their job, nothing more.
I wasn't a fool to give anybody access to my Fiverr profile. They did the work remotely, via e-mail.
They had no direct communication with my clients. The only job my employees had was to get the work ready on time.
B. Don't Bow Down To Their Demands (NOT EVEN ONCE!)
This is something I learned the hard way.
One day, a guy who started working with me asked me for a teeny tiny favor.
I said YES! (Like a mouse over the mousetrap.)
It was so tiny - I didn't consider it important. A couple of days later, he asked me for something else. I said yes again…
A week later, he asked me to do less work because it was a special day and he had to do X and Z.
I didn't like this, but we had fewer orders for the weekend so it was possible for him to relax a bit.
Soon after that, he told me he will take a day off.
He didn't even ask! He had a solid reason once again. He just announced it to me the day before.
This would mean I would have to completely alter my schedule for the next day and do everything myself.
This time, I went F*cking nuts.
I smashed my desk. The sound was so loud I thought I broke my desk (or my hand).
I got some ice for my hand and went for a short walk to calm down.
I got back, called him and calmly said:
- "Who will do the orders tomorrow if you don't?"
- "Oh, can't you do them Damian? It's just one day and I really have to do X and Z"
- "No. If I do them myself tomorrow, I might as well do them myself for the whole next month".
Silence...
- "Okay, I will find a way to do them."
The next day, he had finished them earlier than he was supposed to.
As you can see, I clearly implied that if he didn't do the work, he would lose it completely.
Magically, he found a way to do the work he was initially supposed to do. Weird…
Key Takeaway: You pay the money, you make the rules. Don't bow down to their demands, because a small request will turn to a bigger one the next day and a much bigger one the next week.
C. Use a "No-Excuses " Policy (Don't Accept Excuses - NOT EVEN ONCE)
Another guy I hired end up getting fired after 3 days.
Why?
I spent 30 whole minutes explaining him what he had to do. He told me he was ok!
The next day, he did a couple of important mistakes.
Okay, F*ck it - I said to myself. He just started. I explained him what he had to do one more time.
I also made clear that I wanted to get the work done by a specific time.
The next day, I woke up and checked my e-mail.
Nothing…
It was empty. I checked back an hour later. Still nothing. After 1 hour and 30 minutes, he had finally sent the work.
I called him immediately and asked him why he was 1.30 hours late.
He told me that he didn't listen to the alarm clock and overslept.
Once again, I made the mistake to say "Ok Damian, it can happen. Give him another chance".
The next day, he did a big, massive mistake.
I called him and told him so.
· He said: "No way, I am sure I did it the right way".
· Me: "Okay then, open your computer and check it now".
· He: "No, I won't do that. I am sure I did it the right way".
· Me: "Please, check it once again…".
· He: "No, I won't. There is no reason."
· Me: "Okay, there is no reason to work with me then. Goodbye."
And I hung up the phone on him.
The mistake I did with him was that I gave him too many second chances.
I should have fired him the time he told me he didn't hear the alarm clock.
After all, I paid him to hear the alarm clock and deliver the work on time.
I am sure he stayed late the night before to party and that's why he couldn't wake up.
No matter what happened, there should be no excuse allowed to not send the work on time.
I had clients waiting.
(And I would be f*cked up without my safety window!)
Key Takeaway: If someone consistently makes mistakes and tells you excuses, kick him out of your business. He costs you valuable time and money. Don't be over-sensitive, or rude. Just tell him he has to go.
Note: It's good to be clear from the beginning about what you expect from your employees to avoid situations like these.
This is my first post here (even though I read the forum for a year or so). By the way, I talked with MJ and he gave me permission to post this here.
I will try to keep the intro as short as possible while giving you some background info to understand what's going on.
--------------------------------------------------------------------------------------------------------------------------------------------
My name is Damian Pros.
I am a 20-year old entrepreneur from Greece. One year ago, I read MJ's book.
Around that time I started my website, Dare and Conquer, and also run into other business ventures.
At this time, I was living off $200 per month my parents were giving me and I was going to college just to be be "respected" among the society and don't argue with my parents about what I really wanted to do.
I didn't have money for a house and lived in the awful dorm of my university (not even close to the university dorms of other countries - I had cockroaches in my room).
I started freelancing.
I tried Fiverr.com and accomplished pretty good results really fast. I made about $1600+ in my first month.
I have never seen so much money in my life.
At this time, Victor Pride, the proprietor of the popular manosphere website known as Bold & Determined published the story on his personal blog with the title "How This Kid in Greece Makes Full-Time Money on Fiverr Working Only Part-Time".
Well, even if that wasn't good enough for me - my freelancing endeavor eventually took off and turned out into what I call a Fiverr Business.
It certainly violates the 1st commandment, probably the 2nd too. It's fine with the other three though. But anyway, I have a lot more way to go. That's not so important at the moment.
Note: What follows is an article I had originally written for my blog. It's 5000 words long. That's 100% what I did. That's how I see the world of business as a newbie 20-year old entrepreneur.
Why Do I Post It Here?
Because I believe there are so many young people out there who have the drive and abilities to excel, but are dragged down and remain mediocre due to various reasons. My hope is that this can inspire you to get started even if you are young. Age doesn't matter much.
Also, this advice could help you overcome some obstacles I faced in the beginning as a new entrepreneur with almost no help (rather than a few tips and books I read).
Again, this was written to be a website article. Keep that in mind when reading.
With that said, let's dive into it. Let me know what you think in the end!
-----------------------------------------------------------------------------------------------------------------------------------------How can a 20-year old guy like me make $11032 in only 2 months with such a low amount of work?
Unless you are some kind of a pro athlete, a genius, a high-end consultant or whatever – it’s unlikely you can make that money just by getting paid by an hourly rate.
Even if you could, but it would take you more than 1.30 of daily work. Actually, it would probably take you even more than 8 or 10 hours.
There is a way it could take you less, but only if you did this one thing.
Before I tell you what it is, think about this:
How many hours do you and I have in our day?
Just twenty-four hours each. If you sleep 8 hours, you are left with another 16.
That's not much. Even if you were working during all these 16 hours, there would be a limit to what you could make.
But what if you had 32 hours in one day? Or 48? Or 64?
You could make 2x, 3x, 4x and more, more, more. Right?
But wait!
You don't have 64 hours in one given day. You can't change the laws of physics.
Hmm, ok. There is a way around it.
If each human has 16 hours a day without sleeping, then two humans have 32 and three humans have 48.
Do you see where I am going with this example?
Your time is limited. Other people also have limited time. So, why don’t you take advantage of other people's time?
Why don’t you grab the opportunity to grow your business - whatever this is - by letting others do a part of the work for you?
Start delegating! (I know, easier said than done.)
There are many factors you have to consider.
First and foremost, you can't delegate everything. And you can't sit back without doing anything while others do the hard work for you.
That won't happen.
But you can save yourself a hell lot of time, make some people happy and make your wallet heavier by taking advantage of other people's time.
After one point - you should hire others to invest their time for you.
If you want to take your business to the next level and maximize your profits, there is no way around it.
Basic example:
You could work with 15 clients in 8 hours of work, but you couldn’t deal with 30 at the same time.
But if you had two employees dealing with 15 customers each, you would still make money without putting in any time at all. (That’s just a theory.)
As I said, you only have a limited amount of time. You can't do everything by yourself.
With that said, let me tell you how I did it and how you could apply what I learned into your business, right now, to make more money.
Here Is How I Made $11032 In 2 Months With Less Than 1.30 Hour Of Daily Work
As some of you know, some months ago I started freelancing on Fiverr.
The money I made there allowed me to start living on my own even during this terrible financial crisis.
I used to live on $200 per month my parents gave me, which was a hell of a struggle.
Anyway, this changed thanks to many factors. Like the people who influenced me to change - as well as the huge personal effort I put it.
I was finally independent, not worrying about money and living comfortably.
This small success made me thirsty for more.
(There was a small "off-line period" that I almost ruined everything, I will tell you about it shortly)
More freedom and more money. I am not the type of guy who compromises with just one small success.
And there is a reason for that. Things change fast. As you will read later on- if you compromise, you could lose it all.
You must be adaptable to changes in your environment and always go for more. You should always "evolve".
So, that’s how I evolved: I started outsourcing the work I did on Fiverr.
I found someone I knew that had a talent and helped him take advantage of it for the benefit of both of us.
He went from not having work and being broke, to making pretty good money working from his laptop.
On the other hand, I enjoyed much more personal freedom while money kept pouring in without much work from my side.
Win-win.
Here is an income/expense breakdown of the last two months:
A.Money Made
· December 2015
· January 2016
$6849 + $7221 = $14070 in just two months and I didn't even count the whole last day of January.
There would probably be another $200-$400. Anyway, it doesn't matter much.
B.Expenses Paid
I had one employee handling all the orders (I have two now.)
I paid my 1st guy twice a month for $749. This means I sent him 4 payments of $749 = $2996 in total for December and January.
Calculate The Difference:
$14070 - $2996 = $11074
I also had some other small expenses like:
$25 for gigs I bought.
$9 withdrawal fees.
$8 money transfer fees.
What's left?
$11032.
Not bad. Imagine if I had more guys working with me!
Not bad at all, considering I only put about 1 hour of work a day on average.
Disclaimer: That’s not an overnight success or easy work. I have been hustling for a year before that happened and it took me about 5 months without making a penny online.
So, how exactly did I accomplish that? And how can you do that in your business?
I created a small system.
I didn’t want my employees to have access to my account. So I had to think of a system that would give them access to their daily work as easy as possible.
It took about an hour to brainstorm it.
The simplified version is:
PHASE A
1. I discovered I could just copy each Order’s Information from Fiverr and put it in a Word file.
2. I marked the word files with a priority number and the customer’s name. (For example: “O1 johnsxk” and “O2 kaleb98s” where O1 means Order 1).
3. I put them all in a zip file called “30.01.16 employee’s name here”
4. In the morning, I used e-mail to send the zip file over to my employee’s e-mail.
5. My employee had 24 hours to get all the orders done.
I also set one requirement for PHASE A.
Requirement: I would send all the orders that had an expected delivery time between one day and four hours and two days and four hours.
This was super important.
It meant that if I sent the orders at 10 am, then they would ALL be supposed to be ready until the next day, same hour.
Even if something happened, I would still have a safety window of 4 hours to deliver the first one. The others had more.
(You should take any measure to protect your reputation. Late deliveries would hurt mine.)
Also, this allowed me to deliver many orders much FASTER than I could do on my own.
When the customer saw that I delivered his order 20 hours earlier, he felt obligated to leave me a 5-star review or even a $20 tip. (This happened often!)
PHASE B
1. Twenty-four hours after I have sent the orders to my employee, he would send them back via email.
2. I just had to download the file, go to Fiverr and mass-deliver. Numbering the orders with O1, O2, O3 etc saved me tons of time as I immediately knew which file was for each one of my customers.
WOW, Damian this whole process should take you ages!
Actually, no.
I don’t know if it sounds complex, but it is super easy to execute.
It only takes me 20 minutes in total.
And I used the rest of my time (40’ to 60’) to answer any customer messages I have.
Key Takeaway: To outsource effectively, you need a system that 1) makes things easy for you and your employees 2) saves you time 3) is efficient.
How You Can Apply This To Your Own Business
This is not something I invented, not something I was the first man to do.
So many businessmen around the world use this strategy to make more money.
Now, a logical question should be: "Why isn't everybody doing it?".
First of all, you need an already established business that makes some money and satisfies a market demand.
But let's say you have that. What's next?
Is it really so easy as hiring others, sitting back and relaxing?
You guessed it. It's not.
And here is why.
First of all, hiring others is a move that involves a certain risk.
When you have a business with happy customers, these customers expect you to deliver consistent quality of services.
Let's say I was a web developer. The best at my job. That I designed mind-blowing websites.
Then, I start outsourcing it. I hire someone and pay him to do the hard work for me.
If that someone doesn't deliver the same quality I delivered, then I will lose my customers. It will hurt my brand. And I will lose money.
Simple as that.
Secondly, hiring others requires solid management skills. You have to know how to effectively deal with people.
Sometimes, you will have to be "bad".
You should be smart enough to not get manipulated (Yes, your employees will take advantage of you if they see that they can).
These were the two major issues I encountered as soon as I decided to take my business to the next level.
So, to save you from the hassle I put myself into, let me give you some advice on how to deal with these issues.
1. How To Manage Your Employees Effectively
A. Don't Relinquish Control Over Your Business
You shouldn't trust your employees for anything beyond getting their job done.
Trust them for doing their job, nothing more.
I wasn't a fool to give anybody access to my Fiverr profile. They did the work remotely, via e-mail.
They had no direct communication with my clients. The only job my employees had was to get the work ready on time.
B. Don't Bow Down To Their Demands (NOT EVEN ONCE!)
This is something I learned the hard way.
One day, a guy who started working with me asked me for a teeny tiny favor.
I said YES! (Like a mouse over the mousetrap.)
It was so tiny - I didn't consider it important. A couple of days later, he asked me for something else. I said yes again…
A week later, he asked me to do less work because it was a special day and he had to do X and Z.
I didn't like this, but we had fewer orders for the weekend so it was possible for him to relax a bit.
Soon after that, he told me he will take a day off.
He didn't even ask! He had a solid reason once again. He just announced it to me the day before.
This would mean I would have to completely alter my schedule for the next day and do everything myself.
This time, I went F*cking nuts.
I smashed my desk. The sound was so loud I thought I broke my desk (or my hand).
I got some ice for my hand and went for a short walk to calm down.
I got back, called him and calmly said:
- "Who will do the orders tomorrow if you don't?"
- "Oh, can't you do them Damian? It's just one day and I really have to do X and Z"
- "No. If I do them myself tomorrow, I might as well do them myself for the whole next month".
Silence...
- "Okay, I will find a way to do them."
The next day, he had finished them earlier than he was supposed to.
As you can see, I clearly implied that if he didn't do the work, he would lose it completely.
Magically, he found a way to do the work he was initially supposed to do. Weird…
Key Takeaway: You pay the money, you make the rules. Don't bow down to their demands, because a small request will turn to a bigger one the next day and a much bigger one the next week.
C. Use a "No-Excuses " Policy (Don't Accept Excuses - NOT EVEN ONCE)
Another guy I hired end up getting fired after 3 days.
Why?
I spent 30 whole minutes explaining him what he had to do. He told me he was ok!
The next day, he did a couple of important mistakes.
Okay, F*ck it - I said to myself. He just started. I explained him what he had to do one more time.
I also made clear that I wanted to get the work done by a specific time.
The next day, I woke up and checked my e-mail.
Nothing…
It was empty. I checked back an hour later. Still nothing. After 1 hour and 30 minutes, he had finally sent the work.
I called him immediately and asked him why he was 1.30 hours late.
He told me that he didn't listen to the alarm clock and overslept.
Once again, I made the mistake to say "Ok Damian, it can happen. Give him another chance".
The next day, he did a big, massive mistake.
I called him and told him so.
· He said: "No way, I am sure I did it the right way".
· Me: "Okay then, open your computer and check it now".
· He: "No, I won't do that. I am sure I did it the right way".
· Me: "Please, check it once again…".
· He: "No, I won't. There is no reason."
· Me: "Okay, there is no reason to work with me then. Goodbye."
And I hung up the phone on him.
The mistake I did with him was that I gave him too many second chances.
I should have fired him the time he told me he didn't hear the alarm clock.
After all, I paid him to hear the alarm clock and deliver the work on time.
I am sure he stayed late the night before to party and that's why he couldn't wake up.
No matter what happened, there should be no excuse allowed to not send the work on time.
I had clients waiting.
(And I would be f*cked up without my safety window!)
Key Takeaway: If someone consistently makes mistakes and tells you excuses, kick him out of your business. He costs you valuable time and money. Don't be over-sensitive, or rude. Just tell him he has to go.
Note: It's good to be clear from the beginning about what you expect from your employees to avoid situations like these.
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