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The Quest For Cash

A detailed account of a Fastlane process...

WoofurrBro

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My goal: 100k+/yearly with no work/low amount of work per year.
Where I'm at right now: About 30USD in PayPal/Payoneer accounts.

So, right now, I can start by selling in-game currencies for a decent profit every day. Which is about 70USD/day with work. I can and, probably, will continue from there playing poker on PokerStars (I'm decent at it.), but my issue is deciding on what I want to create after. I'm 19 and live with my parents.

I have knowledge about depression, poker and self-development, but can't think of a single thing I could monetize. So I will probably just decide on a random niche that I see fit and work on there.

What I will be doing from now on:
- Figuring out the niche, gathering information, reading forums, books and so on and getting information.
- Doing the in-game currency selling.
- Additionally studying poker.
- Finding assets that will increase my performance in the field. (e.g. exercise, meditate and so on.)

My motivation:
- Not going back to school. / Get put out on the streets. / Drunk dad.
- This is my only focus at this point, means I will either do this or slowly decay.
- Actually helping people and making change.

So, how did you guys go around figuring out your first "thing"? What do you think a newbie should definitely know?
 
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ArthurDayne

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I figured out my thing in school. That's right, not all school is a useless waste of time. Now I make 150k per year at 27 and that will roughly double within a few years, while still allowing me to save $, learn, and prep for going fastlane. No debt.

More specific to you, most people go out and get experience in something before starting a business. They work jobs so that they learn, which then allows them to have a niche of expertise. Just because the fast lane is the goal doesn't mean jobs are to be avoided at all costs in the beginning. They help you discover needs, while paying the bills in the meantime.

Without experience in something, through work or education (self or from a school), you're not going to be adding value to anyone. So as a 19 year old I'd focus on learning instead of spending time on farmville for minimum wage.

So, a thing every newbie should know: every fastlaner has worked normal jobs, which they took as a learning opportunity.
 
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WoofurrBro

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I figured out my thing in school. That's right, not all school is a useless waste of time. Now I make 150k per year at 27 and that will roughly double within a few years, while still allowing me to save $, learn, and prep for going fastlane. No debt.
More specific to you, most people go out and get experience in something before starting a business. They work jobs so that they learn, which then allows them to have a niche of expertise. Just because the fast lane is the goal doesn't mean jobs are to be avoided at all costs in the beginning. They help you discover needs, while paying the bills in the meantime.
Without experience in something, through work or education (self or from a school), you're not going to be adding value to anyone. So as a 19 year old I'd focus on learning instead of spending time on farmville for minimum wage.
So, a thing every newbie should know: every fastlaner has worked normal jobs, which they took as a learning opportunity.

Okay, I'm sure I can figure out something as is, I can feel my thoughts slowly gathering up and creating something even right now. The more I focus, the more intense the visions of the things I need become.

What I need to know right now is:
How companies work? This is all the hiring stuff, improvement stuff, laws, taxes and so on.

I'll start figuring out these things and I'm sure new ideas and questions will pop up into my mind in no time. I also just noticed that I'm at the second stage of learning which is the beginning conscious incompetence.

Also, the in-game currency thing doesn't take a lot of time for me and it's definitely good enough to make me a bankroll to poker with. If I can make a poker bankroll and sustain my own income I won't have to go to school and I will be able to put more time into doing business and learning, than I could if I went to school.

Serious questions, might sound stupid, but here goes: Do I need an office/to meet the people in person when I'm hiring them or can I just hire people by their resumes and let them work at home? Do I need to be at the workplace while people are doing their work or can I let them work on their own and call me in if they need any information/have any requests? How could I hire people from abroad so they would work at home?

This is, if I have a proper system set up so they get paid for the actual work they do, not just for their time.

I'm also trying to define what exactly is value. In my opinion value is anything that promotes welfare and in this case, the porn industry has no value, strangely enough, I find the porn industry as a tumor, because of the negative effects that the produce has. EVEN THOUGH, it helps a want. I believe that wants/needs are mere tools to tell us what would let us live good lives and the want for porn isn't helping humanity at all. Not to get derailed on that, but this means that not all wants/needs are good. This means, we can educate people about what would really be good for them and what would be bad for them and let them make the choices based on our evidence. This means, if I were to advertise a product, it would have to strike a deep, human part of the person that would tell them, "This is REALLY the good stuff, not like the rest of the advertisements, this is the real truth and this will SURELY make me happier.". SO, this allows anyone to create powerful triggers that would almost guarantee customers to want/need your service or your product. Sorry if I sound like crap, I hope you get my point.
 

AndrewNC

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My goal: ...no work...

My motivation:
- Not going back to school. / Get put out on the streets. / Drunk dad.
- This is my only focus at this point, means I will either do this or slowly decay.
- Actually helping people and making change.

What do you think a newbie should definitely know?

1- It takes work to get where you want to be. The 'no work' can come much later

2- You told us what you DONT want. Think about what you DO want. Your goal of 'not getting put on the streets' can be achieved if you work a 9-5... My next goal is to be able to buy my parents a trip to hawaii within the next year - This can be achieved only when i push myself past my current limits. It might not make sense, but find out what you want - not what you don't want. Itll help your mindset.

3- Make one sale
 
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WoofurrBro

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1- It takes work to get where you want to be. The 'no work' can come much later
2- You told us what you DONT want. Think about what you DO want. Your goal of 'not getting put on the streets' can be achieved if you work a 9-5... My next goal is to be able to buy my parents a trip to hawaii within the next year - This can be achieved only when i push myself past my current limits. It might not make sense, but find out what you want - not what you don't want. Itll help your mindset.
3- Make one sale

1- I know that. The whole idea of earning 100k+/year is the goal. I'm not stopping until I reach that as it's the only meaning I have right now in this world. My mind is so messed up, that if I don't have an issue to solve I get depressed and fall into a dreadful abyss, not doing something is the worst thing I have ever experienced in my life. The whole point of getting 100k+/year income, is so I can do other things that would be just as helpful to me. This is the only way I can structure my life to be at least somewhat happy. I have gone through shit no-one else should go through.

2- I don't want to be depressed anymore. I want to do something. I want to have these achievements under my belt so I can really live my life how I want to live it and achieving a 100k+/year workless income is just what would do the trick for me. Then I can work on my health, pick up chicks, buy pets, do self-development. I just want freedom.

3- Well, this is a challenge I find inviting. I'll strive for this from now on. Thank You.
Actually, there's something so inviting and powerful about this, that it kind of makes sense even on the grand scale. Like, when you become huge, the next sale is still the big hit. Like a release of dopamine, a high value rush every time. The more sales you get, the more you're achieving and it never stops. Pretty much like one of those tablet games. Your goal is to do the first, then the second and then do it faster and better every time.
 

AndrewNC

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1- I know that. The whole idea of earning 100k+/year is the goal. I'm not stopping until I reach that as it's the only meaning I have right now in this world. My mind is so messed up, that if I don't have an issue to solve I get depressed and fall into a dreadful abyss, not doing something is the worst thing I have ever experienced in my life. The whole point of getting 100k+/year income, is so I can do other things that would be just as helpful to me. This is the only way I can structure my life to be at least somewhat happy. I have gone through shit no-one else should go through.
2- I don't want to be depressed anymore. I want to do something. I want to have these achievements under my belt so I can really live my life how I want to live it and achieving a 100k+/year workless income is just what would do the trick for me. Then I can work on my health, pick up chicks, buy pets, do self-development. I just want freedom.
3- Well, this is a challenge I find inviting. I'll strive for this from now on. Thank You.
Actually, there's something so inviting and powerful about this, that it kind of makes sense even on the grand scale. Like, when you become huge, the next sale is still the big hit. Like a release of dopamine, a high value rush every time. The more sales you get, the more you're achieving and it never stops. Pretty much like one of those tablet games. Your goal is to do the first, then the second and then do it faster and better every time.

Thanks for opening up to us on here... That freedom is a great goal to go for. Last October, when I moved into an apartment with 2 others from this forum, I had the goal to be free to live anywhere in the country by this summer...I quit my job 2 weeks ago because my business was making more money than my job, and in 3 days, I will be moving to a part of the country I wanted to live in for a while. It's all possible. Set one specific accomplishment in mind, put a deadline on it, and when you achieve it, go for the next one.

Heres another part of my story - I went over a year without making any sales. With my current business, after a few months of no sales. I made 1. Sale #10, I made the same way. Sale #2,000 - I made the same way.

Pick one thing and set a goal to make ONE sale within the next 2 weeks. The following 10 sales can be made the same way. Seeing sales come in was a great way to rewire my brain for success.

Hope my story helps you out.
 

Blhhi

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Just to throw a quick bit of disagreement in here:

Do not go to college. I don't care if you have to get a job at a gas station. Don't go. If there is one regret I have in my entire life, it's that I went to college. My second biggest regret is that I didn't drop out sooner.
 
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WoofurrBro

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OH YEAH BRAIN. <3

So, it turns out I had micro-nutrition issues (therefore I was depressed), but that seems to be fine now.
Poker sucks dick, however, and I'm sick of grinding in stress and not making it out, because of some random variance stuff (and a serious lack of self-discipline while doing this stuff).

A thing I recently learned and want to share with you guys, possibly business related too, but overally life:
"You are what you see in life." I realized this while listening to one of Alan Watts's lectures. You are what you see in life, because that's where everything you know came from, your senses, the world. Example, Two men are sent to the army, one of them sees it as a chance to self-improve, the other sees as the government using him up, which one do you think succeeds at life? Idea done.

Secondly, I have an idea that hasn't (possibly) ever been done before, I will take action to make it come true as much as I can:
The Commandment of Need is only high for 2 groups of people, the ones that are into money and the ones that might get into money, therefore, I can "teach" the general public about money. The idea itself is charming and fun and this is what I love about it, it's SO customer oriented and also gives the investing stores a chance to show themselves.
The Commandment of Entry is surprisingly low. The reason must be that no-one has thought of the idea itself. In a way the idea is grand. There was an example of a slightly similar, but more grand idea failing in the wikipedia and costing millions.
The Commandment of Control is as good as it gets.
The Commandment of Scale is incredible, if I can get the bigger stores to work with my system. (in return I can offer their customer service and advertising credit)
The Commandment of Time, it's perfect as soon as I get people working at it.

My only issue is calling people up to ask for help. I will attempt e-mailing or phoning some of the biggest stores here and offer them advertising credit for later on, if they want to invest in the business (and work with it).
I have no cash and almost no business knowledge, all I have is the idea and a close to perfect idea of how to implement it.
The core of this issue is that, I have no idea if my idea will be stolen or not as I will be dealing with knowledgable entrepreneurs that are successful in what they do. Is there a way to protect it via copyright?

Also, monetization will probably happen through advertising. :]
 

apexstrat

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I like the approach you're taking and there lots of good advice on here already, but he's my 2 cents...

Find a gig that can bring you some money in that you can live on (sounds like you have this already).
Also think about things like fiverr.com etc. to bring in some easy extra cash
Keep your living costs as low as possible (think instant noodles for dinner if cash is tight)
Put aside money that you can invest in a project / business
Constantly be on the look out for ideas, write everything
Do tonnes of research, read loads, talk to people
Pick an idea, research it thoroughly and give it 100% (this is easier if you are not already working and your living costs are low)
Be lean, build a minimum viable product early to get some feedback and test the water
Fail fast, don't be afraid to fail, this is the best way to learn
Try again, try better, learn from your mistakes

Repeat the last few steps until you start seeing the money come in.
 
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WoofurrBro

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Change the title to "The quest for value"

Spam. :(

I like the approach you're taking and there lots of good advice on here already, but he's my 2 cents...

Find a gig that can bring you some money in that you can live on (sounds like you have this already).
Also think about things like fiverr.com etc. to bring in some easy extra cash
Keep your living costs as low as possible (think instant noodles for dinner if cash is tight)
Put aside money that you can invest in a project / business
Constantly be on the look out for ideas, write everything
Do tonnes of research, read loads, talk to people
Pick an idea, research it thoroughly and give it 100% (this is easier if you are not already working and your living costs are low)
Be lean, build a minimum viable product early to get some feedback and test the water
Fail fast, don't be afraid to fail, this is the best way to learn
Try again, try better, learn from your mistakes

Repeat the last few steps until you start seeing the money come in.

Thanks for the tips. I registered at fiverr, but I didn't really have any tiny skills that people would need, sadly. :<
I'm currently building some sketches for a small prototype of the idea, but I can't make some really technical parts on my own, so I'm kind of stuck.

Okay. My 2 problems right now:
Do I need to start an LLC? And when do I?
and
Would it be possible for my clients to finance the creation of the prototype/LLC and so on? Since I'm not joking - I'm broke as F*ck and I need help from smart technical people to create the prototype. I can only make the prototype if at least one of my clients let's me use their assets.

*is confused heavily, but still taking action*
 

WoofurrBro

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You aren't going anywhere if you think that that was Spam.

Well, I clearly know what it meant, so he wasn't really contributing to my purpose at all. I find it spam, because this stuff is all over the forums, gets tiring, like, you would think someone who actually reads and thinks would understand the idea behind it already.
It's mental masturbation for a wantrepreneur. Excess thinking. Sorry, no thank you.
 
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Brentnal

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Well, I clearly know what it meant, so he wasn't really contributing to my purpose at all. I find it spam, because this stuff is all over the forums, gets tiring, like, you would think someone who actually reads and thinks would understand the idea behind it already.
It's mental masturbation for a wantrepreneur. Excess thinking. Sorry, no thank you.

I jerk my brain off all the time i should stop it, you know what i did after 1,5 years except school and job?
Only read 6 books or so, i am a wantrepeneur.
 

WoofurrBro

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when you start making sales
sales = blood
THANK YOU. You actually just made me realize that getting a "sale" for me would mean, getting an advertising contract thingy from someone. So all I have to do is send e-mails to companies and tell them to gief cashes to advertise on an idea that doesn't even have a prototype, so I could hire the people I need to do the technical stuff. This is fun, because this is so nuts and just might work, actually. *clueless* We'll see now.

I jerk my brain off all the time i should stop it, you know what i did after 1,5 years except school and job?
Only read 6 books or so, i am a wantrepeneur.
Well, we're both in deep shit, being wantrepreneurs. The difference is how you deal with that shit. Do you like the feel and smell of it? Or do you desperately try to get out of it?
 

Brentnal

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Well, we're both in deep shit, being wantrepreneurs. The difference is how you deal with that shit. Do you like the feel and smell of it? Or do you desperately try to get out of it?

I am not desperate i am just overthinking i know all the things i do wrong, i am overanalyzing i am looking on secret entourage for ways to make money without coding and all that, i am looking for the perfect business to get into its crazy.

I am talking to a guy who has around 200 miljion he is 19 he is self made all by himself he made a algorithm and sold it to a fortune 500 company for over 100m in stocks in usd. I don't know him personally i talk to him on facebook he says i think the exact same as him and he says he is 100% sure i will be a millionaire. But doesn't mean anything if i don't take action.

I should not bother anywhone with this anymore i got a feeling i irritate people on this forum.
 
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WoofurrBro

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I am not desperate i am just overthinking i know all the things i do wrong, i am overanalyzing i am looking on secret entourage for ways to make money without coding and all that, i am looking for the perfect business to get into its crazy.

I am talking to a guy who has around 200 miljion he is 19 he is self made all by himself he made a algorithm and sold it to a fortune 500 company for over 100m in stocks in usd. I don't know him personally i talk to him on facebook he says i think the exact same as him and he says he is 100% sure i will be a millionaire. But doesn't mean anything if i don't take action.

I should not bother anywhone with this anymore i got a feeling i irritate people on this forum.

You have a lot of problems.
First, you're comfortable with where you are, even if it feels bad for you, you like it better where you are right now.
Second, you're scared of actually going out and doing something, because you think you'll fail.
Third, you're making a lot of excuses "I'm just overthinking." if you are, and that's your problem, why don't you fix it?

These things are hard to talk about, because they're so blurry usually, but I hope you get what I mean.

Also, you only irritated me with the common knowledge "change the title thing", but once you opened up, I only saw things I can help you with. So it's fine.
 

Brentnal

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Also, you only irritated me with the common knowledge "change the title thing", but once you opened up, I only saw things I can help you with. So it's fine.

I understand you mate, you know what the f*** i am gonna do, i am starting a progress thread on buying and selling i got enough of myself this is ffing stupid man what i am doing i am beginning to hate myself.

I want to ask mj or any operator to ban me forever if i have not started a progress thread by October 2014.
This will force me to start because this forum has all kinds of important knowledge.

I realised i am hijacking you're thread my apologies. :(
 
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Joe Cassandra

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I understand you mate, you know what the f*** i am gonna do, i am starting a progress thread on buying and selling i got enough of myself this is ffing stupid man what i am doing i am beginning to hate myself.

I want to ask mj or any operator to ban me forever if i have not started a progress thread by October 2014.
This will force me to start because this forum has all kinds of important knowledge.

I realised i am hijacking you're thread my apologies. :(


Starting a progress thread is the EASY part, hardest part is following through....A progress thread is an "Action-fake" and you can see that with the graveyard of 1 post Progress threads.

I disagree with people who all say college is a waste of time. If you come from living with your parents your whole life and now you're thrust into a space where you make decisions without mommy knowing, you learn about yourself, your discipline etc. SUPER fast.

I regret how much I ended up spending for college but the experiences there are great because you learn about yourself. If you're 18, immature, lived with your parents, sometimes college is either how you learn to swim or sink. (I know this because I was an immature 18 year old kid who lived with his parents and 10 siblings. Before college, I volunteered in Ireland which matured me faster, but that's another story).

Good luck @WoofurrBro , I can tell you from experience, playing poker with the fear of losing it means you're not going to play good poker [maybe other professionals on here would disagree], but I can't think straight when I'm thinking "Dammit, I can't lose this $250 or I'm not going out with the frat for a month...", you end up playing pretty weak-conservative.
 
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Amail

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Well, I clearly know what it meant, so he wasn't really contributing to my purpose at all. I find it spam, because this stuff is all over the forums, gets tiring, like, you would think someone who actually reads and thinks would understand the idea behind it already.
It's mental masturbation for a wantrepreneur. Excess thinking. Sorry, no thank you.
You might ask yourself "Why is 'quest for value' all over the forum"? Providing value is the foundation of successful business. 16yob was, in fact, contributing to your purpose. If you find that tiring perhaps business isn't for you. You would think someone who reads and thinks understands the idea; problem is you don't seem to get it. Your talk of playing poker, making money with little work, none of it talks about value.

It really is that simple - provide value. Once you look at the world thru that lens your whole approach to business will be on the right track. The rest is details.

You asked "So, how did you guys go around figuring out your first "thing"? What do you think a newbie should definitely know?" Have you read MJ's book? Have you read any of the Gold threads? There's loads of great information here, but if you discount it because it doesn't match your view of how the world works then you might as well stay in school and learn something.
 

WoofurrBro

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You might ask yourself "Why is 'quest for value' all over the forum"? Providing value is the foundation of successful business. 16yob was, in fact, contributing to your purpose. If you find that tiring perhaps business isn't for you. You would think someone who reads and thinks understands the idea; problem is you don't seem to get it. Your talk of playing poker, making money with little work, none of it talks about value.

It really is that simple - provide value. Once you look at the world thru that lens your whole approach to business will be on the right track. The rest is details.

You asked "So, how did you guys go around figuring out your first "thing"? What do you think a newbie should definitely know?" Have you read MJ's book? Have you read any of the Gold threads? There's loads of great information here, but if you discount it because it doesn't match your view of how the world works then you might as well stay in school and learn something.
I GET IT. THAT'S WHAT I WAS SAYING. I GET IT.
GUESS HOW I MADE MY IDEA.
People on this forum really think I can't have my own way of doing things. Please stop. I'm not asking for help anymore. I'm on my way to fast lane paradise and this thread is a proof to it.

I contacted a patent thingy asking about the prices of patenting my idea as I feel it's worth it for this idea.

After I patent it I will present it as pro as I can to my customers. Get a credit/ask them to pay up front for an advertising package (cheaper). Then make a working prototype and test it out. (I need to work on highly technical things with people that understand something.) If I get a green light from my customers I will expand it like lightning. (Not kidding.) And then improve consistently and add new features as time goes.
 

Amail

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I'm sorry if I misunderstood you. Maybe it's a cultural difference, different languages, etc.

Do some searches on the forum to get perspective on patents. All too often people mistakenly think they need patent protection before they can move forward with their idea. Maybe you do, maybe not. Just make sure to research it well before deciding that's your first step.
 
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WoofurrBro

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I'm sorry if I misunderstood you. Maybe it's a cultural difference, different languages, etc.

Do some searches on the forum to get perspective on patents. All too often people mistakenly think they need patent protection before they can move forward with their idea. Maybe you do, maybe not. Just make sure to research it well before deciding that's your first step.

I did some research and it turns out I can't even patent it, even though it's a unique idea like this.

Anyhow, I'm about to send out emails to my potential customers. I made a PDF file describing what I need financing for and, honestly, loved every bit of it.

It's not a cultural difference, my mind is just so complex and f*cked up that sometimes I change rapidly and confuse people. Doesn't matter.

Yay, business.
 

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