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24 Years old: QUIT six-figure Job, Launched two Businesses

CJC3392

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Awesome thread man!!

You're an inspiration to me.

I'm 23 years old, and about to graduate college in May with an MBA in Accounting... Received a job with the Big 4, so we have pretty similar backgrounds...

I completed an internship last summer, and I saw how draining the corporate world becomes, between the politics, long hours, fake friends, fake smiles, etc. I came to the conclusion that I could NEVER work like this for an extended period of time. Waking up everyday against my will and getting on the cattle car aka the train everyday to work is soul sucking... And I only did it for 3 months!! Imagine doing it for 30 years!!!

Thanks for the motivation.
 

Kerin

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Congratulations on your success @G_Alexander. We share some similarities in our journey - I also had a 6 figure job in an investment bank and I, too, quit.. and not a second before I had my businesses up and running. All the best, and keep kicking b*tt. :)
 

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Congratulations on your success @G_Alexander. We share some similarities in our journey - I also had a 6 figure job in an investment bank and I, too, quit.. and not a second before I had my businesses up and running. All the best, and keep kicking b*tt. :)

Thanks @Kerin12!

I know I have poked my head into one of your threads before. I like your narrative story telling style and your journey itself. Keep up the good work and hustle! :)
 
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G_Alexander

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While I'm in here again tonight, I'll drop this off :cool:



March 2015 almost blew past my entire annual sales for last year. About $25k in sales this last month. On pace for more this month. I am already past $50k for the year so I am halfway to fulfilling the goal I set in January ($100k in sales for 2015). My new stretch goal is $150k in sales this year for the eCommerce business.

Keep hustling guys and gals :)
 
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JordanK

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This is so inspirational. I have an ecommerce site as well started in November 2014. Only 26 product sales but 870$ made. I also have no physical stock so I don't have to worry about shipping. (Slow start to this month)

Websites and domains are the new real estate.

Wkqv3Cb.jpg
 

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About 3 hours ago, I was thinking of posting for an update on this thread.

Thank you buddy! Threads like this motivate me to never give up.

Keep on grinding!
 

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This morning while I read through the thread, the fact that you've got a business partner on board with you for your RE business intrigued me. I wondered why you need a partner. The thought remained in the back of my mind all day, and I never found the answer.

What benefit do you have in partnering with this person? Does he have a lot of capital? Essential knowledge that you don't possess? Not to sound condescending or nosy or anything, I've just been stuck on this all day. It's really a genuine question that I don't know why even crosses my mind. :)
 
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Go4Greatness

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Amazing thread!! Thanks for the inspiration.

Hoping to share my story soon : )
 

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Nice man - glad to see an update since you came out to Scottsdale.

Shiat I may have to go make a new progress thread now.
 

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What better way to spend a Friday night than working on my businesses and spending time with my Fastlane brothers and sisters? Don’t you dare try to answer my rhetorical question!

It is about time I updated everyone! I AM OUT OF THE CAGE. I quit my $XXX,XXX per year investment banking job a few months ago (June, 2014) after two years at the firm. I worked my a$$ off to get the job and at 24 years old I am sure many sheeple would think I am insane for leaving my “stable and high-paying career”. On the contrary, I have never been more sure of a decision in my life. That job was a cancer to my system. A drain. A real life-suck. Waking up and going to a toxic work environment fueled by caffeine, corporate-bureaucracy, a$$ kissing and alcohol infused weekends…it was not for me. The industry of high finance is amazing, but the same can’t be said for the minions who work in it. It was painful to ride the train downtown every day. Worse yet, there was a ball-and-chain blackberry (my work phone, I called it the “bad-phone”) attached to my hip at all times in case the client said “Jump!” and we said “How high!” (No, I did not actually wear my BB on my hip…only really cool people wear cell phones on their hips!)

The job was changing me as a person. I was not happy around friends and family. I was constantly stressed for no reason. My eyes grew darker and sunk into my head. False deadlines became the norm. My fitness was non-existent and my health was far from peak (those $30 a night dinner stipends were truly amazing though! Lots of sushi.)

It wasn’t all terrible. I figured out who the good people in the business were quickly and have made some lasting friendships. I saved all my paychecks instead of "buying bottles" and cars, and I lived for free while working. And while I did not partake in the alcohol fueled weekends (okay, maybe a few), I did partake in soaking up a wide variety of industry knowledge while I worked at the firm. I now know things that you couldn’t pay someone on Wall Street to teach you (put it this way: I can make a “really pretty” PowerPoint presentation ;)). But I digress…

So June 2014 rolled around and I had had enough. I threw in the towel.

Following my resignation, I decided I deserved a couple months to relax overseas…but not before launching an ecommerce business FIRST. I launched my niche site on May 1st, 2014. At launch I kept remembering the one thing everyone is always saying around here, “All you need to do is get ONE SALE.” Get that first bite and the snowball will be rolling for you! Could that really be all it is? Could the mantra I hear over and over online be true? One sale can’t be THAT hard to get. And compared to the 85 hours a week I worked for someone ELSE, pssh, it wasn’t.

I built my ecommerce site late at night during the last few months of my job. I would get home at 11pm or 12am and then work until 2am or 3am on my site (loading product, back-end, learning basic HTML and CSS, SEO). I constructed the site using only the free eCommercefuel guide and the masterful posts here on the forum from @biophase. I didn’t ask any questions about which niche was best or which hosting platform to use. Those are questions I believe that anyone with an ounce of effort can answer on their own. I read, I researched, I looked to the opinions of experts in the field, I evaluated, and I chose on my own.

When I got my first sale notification on my iPhone just three days after I launched my ecommerce site I was EXTATIC! My long nights had paid off. I rushed to the computer and called my supplier to get him to ship the order right away. It was then, by Murphy’s Law (naturally), that I ran into my first problem: the product was out of stock! I was mortified! I called the customer promptly and made him aware of the situation. I explained that we didn’t have clarity on when the particular product model he ordered would be back in stock, but that I would surely call him as soon as we knew any more information. I issued a prompt refund and added a free-shipping credit on the customer’s account for future use.

That same customer ordered from me 1-month later, and I have done $12,000+ in total product sales since that day with very limited work. I treat my customers with the utmost respect and have seen that pay off in spades through positive reviews on my site and through re-orders like that one. It feels pretty damn good!


No, I will not be sharing my niche at the moment, not until one year of operations and until I have decided whether or not to stay in it. The margins are rather thin (~20-25% before monthly administrative costs) because the product is heavy and I am using 8 suppliers here throughout the USA (dropshipping, not manufacturing myself).

I am no expert at ecommerce by any means, but I had a desire to learn the business because I lacked coding skills and thought it would be fun to earn while I learned. I am currently only using my own site to sell (no FBA, no eBay, no 3rd party services). That may change. I also spoke with Jack Edwards about switching the business to B2B / brick-and-mortar earlier this year. We brainstormed some great ideas and I believe that model could be more fruitful with the right amount of hustle.

YOU TOO CAN DO THIS. I want to make note about not wasting people’s time with questions you can answer yourself: Even though @biophase is a real life friend of mine, I didn’t ask for help nor did he know I was building the business until I sent him the fully-launched site to check out for feedback. What I hope some here will take away from the launching of this business is that YOU CAN DO IT. The information is out there and it is free. Search this forum. Only YOU have the power to change your life. And please, don’t complain about problems that don’t exist yet (i.e. “What if I don’t get traffic?” “How do I know my niche will work?” “What about getting an LLC, how do I do it?” etc. etc.). NO ONE IS GOING TO CREATE YOUR DESTINY FOR YOU. Only YOU have that power (and you do have that power my friends =), I know you do!)

Just remember…at one point in time even the legendary biophase didn’t know a lick about ecommerce…yes, it’s true!

Truthfully, I use my ecommerce business to fill my time when I am not working in my real estate business (it only takes 1 hour a week). For that reason I may lose focus on it. Only the next few months will tell.

On the home front, I have remained true to my core focus: real estate. In March of this year I met a carbon copy of myself by chance one day who has now become my business partner (I always told myself I would never have one). He is a few years older than me (27), but we are currently evaluating projects and have something under contract that I will post about when the time comes. Will also keep you updated on our capital raising activities (truly fastlane).

All I am trying to say in this thread is GET OUT THERE AND GO GET IT. Plan ahead. Have faith in yourself. Entrepreneurial life is amazing and feels weird in the beginning (it still does for me). You command each day. There is no structure anymore other than that of your plan. It is like opening the front of a cage that was preventing you (the lion) from running out into the Serengeti (the world).

I come here because it keeps me focused. I love the people on this site and I love sharing my story as it develops to help motivate others when possible. I also want to get feedback and imagine I will have some questions in the coming months. THE REAL FIRE HAS BEEN LIT.

Goals for year end 2014 (3 months):
Partnership apartment units: 15
Personal apartment units: 6
ecommerce site sales: $25k

“I’d rather be a hungry lion in the wild, than a well fed lion in a cage.”

-----
I am truly thankful for this forum @MJ DeMarco. I need to thank @biophase x 1000 for your posts and continued guidance. I also want to thank @JackEdwards for this thread.

And thanks to all my RE mentors, especially @SteveO @RealOG @GLC65 and those who are not members here.
I joined the Fastlane in 2008 when I was 18 years old. I had been an entrepreneur since as long as I could remember, but joining gave me a venue to help me direct my energy. Back when I joined this place, it was a small and tight-knit community of a few thousand members all supporting each other as we strived towards our individual personal goals. I am blessed to have made the relationships I have on this forum and I will be proud to continue to post here as long as it exists (which will be as long as the internet is around I would assume).

Yesterday was a big day for me. I hit a major milestone in what was the culmination of both my learning and application of experiences in real estate since I was in my late teens.

Yesterday, I bought my first commercial apartment building in Chicago with the young business partner I mentioned earlier in this progress thread.



I'll save the details on this one for now in order to keep this thread rolling as a progress thread, but I want to thank some very important people!

Thank you sincerely to @SteveO (for being an amazing mentor and encouraging me at such a young age), @RealOG (working with me on analysis and showing me a great time in Scottsdale every time I've visited you), and @GLC65 on the real estate side. You guys were instrumental in teaching me and guiding me on where to look for materials to educate myself. @biophase you are a rockstar man, you really are. The amount of information you have shared with people here for free is staggering. Thanks for being such a great wealth of knowledge and someone I am proud to call a friend.

Thank you @MJ DeMarco for this place. Thank you for providing a venue where creativity is curated, thank you for your book, your wisdom and your humor. I owe you multiple beers and lunches next time we are in Scottsdale (at the same time). I also owe you some free Chiropractic services when my girlfriend begins opening offices in the Phoenix area (I'll be helping her with that).

And last but not least thank you to all of you who read my material, comment and share insight and encouragement. You guys are the best.

Onward and upward! Very excited for this year and more importantly I am excited for right now. I am excited to be living the life I am currently living.

Status update:

Current:

Partnership apartments: 6 units
Personal apartments: 3 units
eCommerce sales 2014: $26k

Goals 2015:
Partnership apartments: 100 units
Personal apartments: 6 units
eCommerce sales 2015: $100k

Love you guys! Keep chasing your dreams!
This is truly inspiring! Keep it coming and continue to grow!
 
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jason91

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What better way to spend a Friday night than working on my businesses and spending time with my Fastlane brothers and sisters? Don’t you dare try to answer my rhetorical question!

It is about time I updated everyone! I AM OUT OF THE CAGE. I quit my $XXX,XXX per year investment banking job a few months ago (June, 2014) after two years at the firm. I worked my a$$ off to get the job and at 24 years old I am sure many sheeple would think I am insane for leaving my “stable and high-paying career”. On the contrary, I have never been more sure of a decision in my life. That job was a cancer to my system. A drain. A real life-suck. Waking up and going to a toxic work environment fueled by caffeine, corporate-bureaucracy, a$$ kissing and alcohol infused weekends…it was not for me. The industry of high finance is amazing, but the same can’t be said for the minions who work in it. It was painful to ride the train downtown every day. Worse yet, there was a ball-and-chain blackberry (my work phone, I called it the “bad-phone”) attached to my hip at all times in case the client said “Jump!” and we said “How high!” (No, I did not actually wear my BB on my hip…only really cool people wear cell phones on their hips!)

The job was changing me as a person. I was not happy around friends and family. I was constantly stressed for no reason. My eyes grew darker and sunk into my head. False deadlines became the norm. My fitness was non-existent and my health was far from peak (those $30 a night dinner stipends were truly amazing though! Lots of sushi.)

It wasn’t all terrible. I figured out who the good people in the business were quickly and have made some lasting friendships. I saved all my paychecks instead of "buying bottles" and cars, and I lived for free while working. And while I did not partake in the alcohol fueled weekends (okay, maybe a few), I did partake in soaking up a wide variety of industry knowledge while I worked at the firm. I now know things that you couldn’t pay someone on Wall Street to teach you (put it this way: I can make a “really pretty” PowerPoint presentation ;)). But I digress…

So June 2014 rolled around and I had had enough. I threw in the towel.

Following my resignation, I decided I deserved a couple months to relax overseas…but not before launching an ecommerce business FIRST. I launched my niche site on May 1st, 2014. At launch I kept remembering the one thing everyone is always saying around here, “All you need to do is get ONE SALE.” Get that first bite and the snowball will be rolling for you! Could that really be all it is? Could the mantra I hear over and over online be true? One sale can’t be THAT hard to get. And compared to the 85 hours a week I worked for someone ELSE, pssh, it wasn’t.

I built my ecommerce site late at night during the last few months of my job. I would get home at 11pm or 12am and then work until 2am or 3am on my site (loading product, back-end, learning basic HTML and CSS, SEO). I constructed the site using only the free eCommercefuel guide and the masterful posts here on the forum from @biophase. I didn’t ask any questions about which niche was best or which hosting platform to use. Those are questions I believe that anyone with an ounce of effort can answer on their own. I read, I researched, I looked to the opinions of experts in the field, I evaluated, and I chose on my own.

When I got my first sale notification on my iPhone just three days after I launched my ecommerce site I was EXTATIC! My long nights had paid off. I rushed to the computer and called my supplier to get him to ship the order right away. It was then, by Murphy’s Law (naturally), that I ran into my first problem: the product was out of stock! I was mortified! I called the customer promptly and made him aware of the situation. I explained that we didn’t have clarity on when the particular product model he ordered would be back in stock, but that I would surely call him as soon as we knew any more information. I issued a prompt refund and added a free-shipping credit on the customer’s account for future use.

That same customer ordered from me 1-month later, and I have done $12,000+ in total product sales since that day with very limited work. I treat my customers with the utmost respect and have seen that pay off in spades through positive reviews on my site and through re-orders like that one. It feels pretty damn good!


No, I will not be sharing my niche at the moment, not until one year of operations and until I have decided whether or not to stay in it. The margins are rather thin (~20-25% before monthly administrative costs) because the product is heavy and I am using 8 suppliers here throughout the USA (dropshipping, not manufacturing myself).

I am no expert at ecommerce by any means, but I had a desire to learn the business because I lacked coding skills and thought it would be fun to earn while I learned. I am currently only using my own site to sell (no FBA, no eBay, no 3rd party services). That may change. I also spoke with Jack Edwards about switching the business to B2B / brick-and-mortar earlier this year. We brainstormed some great ideas and I believe that model could be more fruitful with the right amount of hustle.

YOU TOO CAN DO THIS. I want to make note about not wasting people’s time with questions you can answer yourself: Even though @biophase is a real life friend of mine, I didn’t ask for help nor did he know I was building the business until I sent him the fully-launched site to check out for feedback. What I hope some here will take away from the launching of this business is that YOU CAN DO IT. The information is out there and it is free. Search this forum. Only YOU have the power to change your life. And please, don’t complain about problems that don’t exist yet (i.e. “What if I don’t get traffic?” “How do I know my niche will work?” “What about getting an LLC, how do I do it?” etc. etc.). NO ONE IS GOING TO CREATE YOUR DESTINY FOR YOU. Only YOU have that power (and you do have that power my friends =), I know you do!)

Just remember…at one point in time even the legendary biophase didn’t know a lick about ecommerce…yes, it’s true!

Truthfully, I use my ecommerce business to fill my time when I am not working in my real estate business (it only takes 1 hour a week). For that reason I may lose focus on it. Only the next few months will tell.

On the home front, I have remained true to my core focus: real estate. In March of this year I met a carbon copy of myself by chance one day who has now become my business partner (I always told myself I would never have one). He is a few years older than me (27), but we are currently evaluating projects and have something under contract that I will post about when the time comes. Will also keep you updated on our capital raising activities (truly fastlane).

All I am trying to say in this thread is GET OUT THERE AND GO GET IT. Plan ahead. Have faith in yourself. Entrepreneurial life is amazing and feels weird in the beginning (it still does for me). You command each day. There is no structure anymore other than that of your plan. It is like opening the front of a cage that was preventing you (the lion) from running out into the Serengeti (the world).

I come here because it keeps me focused. I love the people on this site and I love sharing my story as it develops to help motivate others when possible. I also want to get feedback and imagine I will have some questions in the coming months. THE REAL FIRE HAS BEEN LIT.

Goals for year end 2014 (3 months):
Partnership apartment units: 15
Personal apartment units: 6
ecommerce site sales: $25k

“I’d rather be a hungry lion in the wild, than a well fed lion in a cage.”

-----
I am truly thankful for this forum @MJ DeMarco. I need to thank @biophase x 1000 for your posts and continued guidance. I also want to thank @JackEdwards for this thread.

And thanks to all my RE mentors, especially @SteveO @RealOG @GLC65 and those who are not members here.
Hey dude. Love your story - but how did you actually get that customer to land on your website? Could you share how you marketed and got people to visit your site?
 
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Chazmania

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Dude great thread and great story. I've been so busy buying rentals and doing the work to prep them and get them rented etc over the past year, that I thought I was too busy to get my ecommerce site up. You proved me wrong and I'm so glad you did. There's always time to consistently take at least a small step forward on the important goals no matter how busy we get.

Obviously you've got your head on straight and at a young age too. Good for you man, and I look forward to hearing more about your progress. I'm transferring some rep to you.
 
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G_Alexander

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BOOM.



$100,000. And it's only May. $26k per month last three months. This month (May 18th) is at $28k already.

"But I don't know how to code!! But I don't know how to do ecommerce!??!"...
I could have said the same thing a year ago...because I really didn't at that time.

Be thankful when you don't know something, for it gives you the opportunity to learn. Be thankful for the difficult times; during those times you grow. Be thankful for your limitations; they give you opportunities for improvement. Be thankful for your mistakes, they will teach you valuable lessons.
 

The-J

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Those small numbers turned into big ones. Double your conversion rate, double your visitors, equals quadrupling your income. And you did that in less than half of a year!

I'm curious: what changes did you make from that period in order to do this?
 

jason91

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BOOM.



$100,000. And it's only May. $26k per month last three months. This month (May 18th) is at $28k already.

"But I don't know how to code!! But I don't know how to do ecommerce!??!"...
I could have said the same thing a year ago...because I really didn't at that time.

Be thankful when you don't know something, for it gives you the opportunity to learn. Be thankful for the difficult times; during those times you grow. Be thankful for your limitations; they give you opportunities for improvement. Be thankful for your mistakes, they will teach you valuable lessons.

Awesome dude! Could you share some general marketing strategies?

Not niche specifics, but what did you do to kick off website traffic?
 
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G_Alexander

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Those small numbers turned into big ones. Double your conversion rate, double your visitors, equals quadrupling your income. And you did that in less than half of a year!

I'm curious: what changes did you make from that period in order to do this?

Thanks buddy @The-J!

Biggest things I can note were I installed YOTPO reviews app (it's free). Make sure the review stars show on your products on every page where items are (home page, individual product pages, product category pages, etc.). May need to add a bit of easy code to get this right. PM me if you get this far with YOTPO and have a question....but basically...you want customer validation wherever your new customers are going / looking. I also set up a seperate reviews page on my home page and said "Customers Love our Stuff! Read about us" where you can click on the about us and see reviews / yotpo badges , etc. The more your customers trust you the more they shop.

SEO: Also kept up the blog posts (1 per week of good content). Went and asked website owners in relevant niches, but mainly "info" sites....to give me a link. etc. etc.

Also refined the navigation of my site. Think about user experience. Ask your sisters/brothers/friends what would make navigating your site easier. 75% of recommendations will overlap, so implement those items.
 
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The-J

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Thanks for your response.

I also noticed that your average order value seems to be pretty high... I don't care WHAT business that is, that's starting from a strong foundation.

Awesome stuff.
 
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MJ DeMarco

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BOOM.



$100,000. And it's only May. $26k per month last three months. This month (May 18th) is at $28k already.

"But I don't know how to code!! But I don't know how to do ecommerce!??!"...
I could have said the same thing a year ago...because I really didn't at that time.

Be thankful when you don't know something, for it gives you the opportunity to learn. Be thankful for the difficult times; during those times you grow. Be thankful for your limitations; they give you opportunities for improvement. Be thankful for your mistakes, they will teach you valuable lessons.

Dude, give it up. A 401(k) is a much better investment.

Marked Gold.
 

Paul Thomas

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This is an awesome thread and a huge inspiration for me.

I'm also in Investment Banking - was there any reason you chose eCommerce as your side hustle while you were still on the IB grind instead of say copywriting/aff marketing/something else?

Also, how did you manage the real estate side business while working the IB stint?

Congrats again!


Sent from my iPhone using Tapatalk
 

falcon87pl

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Amazing thread! So many golden rules and motivation to be found in here so far :)
A real life-suck. Waking up and going to a toxic work environment fueled by caffeine, corporate-bureaucracy, a$$ kissing and alcohol infused weekends…

I've been working in IT only for the last 2 years and this is exactly how it feels. Now I just need to do what you did - focus, work my a$$ part-time, make it happen and go full time.

MJ's book started the process but this forum really helped me to start changing my life. For the last couple of months I have learned touch typing (finished a free online course between the calls on my job), quit gaming, started to run and do pull-ups, started the process of the relocation and I've been focusing on people's needs and making notes.

Thanks a lot for this thread !!
 
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WorldImperator

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Awesome Alexander_G, I remember somewhere at the end of the year you wrote here that you want to do 100k on full automat throught the 2015 if I'm correct...

Did you achieved this fully automation?
Another question, you were teaching yourself about dropshipping from just any information you found, or there are some really good value sites which you can reccomend in terms of education? Yes, i know it's simple - find the supplemet and post a website and watch the sales. But if it would, thousands of would be a milionaires long time ago ;)
 

EvanOkanagan

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Congrats on your success! Great progress and so far an awesome year.

I've chosen acquiring cashflowing rental properties as my "fastlane" and though it can be more of a slow-play, I feel it's an amazing way to grow wealth with little time investment (of course this is after you have the property fully operational). I've already reached my "financial independence" mostly-passive income goal I set only a couple years back and know that it can keep growing at an even greater rate. It just doesn't seem as sexy as the possibility of an online business making 50k/month though.

I'm sure you work a lot more on your business than you manage your rentals...

Are you growing your online business so that you can acquire more properties or are you changing focus?
Do you find more excitement from your online business vs Real Estate?
 

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