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  1. axiom

    Axiom's Supplement Company

    EXECUTION 
    Most good manufacturers should be willing to let you do a test batch of less than their MOQs. In my research, I found that several manus (all based in US) were willing to allow me to buy less than 100 bottles to start out with. With supplements, I'd strongly recommend staying in the US. Just...
  2. axiom

    Axiom's Supplement Company

    EXECUTION 
    While no clinical trials have been conducted on this specific combination of ingredients, each individual one has been proven--or at least been speculated--to improve certain bodily functions (this whole product discretion thing is harder than it looks). I do personally take it regularly, and I...
  3. axiom

    Axiom's Supplement Company

    EXECUTION 
    Well I did do some more research on products with comparable quality and it turns out most are selling for 500%-600% markup, so that leaves me with a bit more room. But like I stated above, this first product's goal will be to develop a customer base to sell other products to. Profit won't be...
  4. axiom

    Axiom's Supplement Company

    EXECUTION 
    I just knew what kind of product I was looking for (ingredients, average selling price of similar products, level of competition, etc.) and researched 'Private label supplement companies' on Google. I found several and contacted each of them, got quotes, and made my decision. I looked at custom...
  5. axiom

    Axiom's Supplement Company

    EXECUTION 
    Yeah, man, I appreciate your advice. I have chosen a supplement in a niche that is far less crowded than say muscle building supplements, however there are still competitors who are bigger than I am. The thing is, they are weak in their marketing from what I've seen, and I'm confident I'll be...
  6. axiom

    Why are you running away? 18-23 yr olds

    MINDSET 
    I agree. It is foolish to think you can survive without college and/or a job without even having a real business yet. Take advantage of the slowlane and milk it while you go through the inevitable struggles of starting a business. However, once you actually start a business that is making...
  7. axiom

    Axiom's Supplement Company

    EXECUTION 
    I'm not going to update this thread unless I have something to say that could help myself or someone else here, so here are a few things that have come up in the last couple of days. 1. Order is officially in the process of being manufactured. It should be a week or two until I can get selling...
  8. axiom

    New kid on the block from Michigan

    INTRO 
    Welcome Rick, You've found the best source of information on the planet for entrepreneurs. Read the book if you haven't, read all of the gold threads, but most importantly just start. Your plan has been used by countless successful people before you and is certainly a good one. Looking forward...
  9. axiom

    Axiom's Supplement Company

    EXECUTION 
    Yeah, that's my bad. I meant markup, as in I buy for $5, sell for $15-$20 (not real numbers).
  10. axiom

    Axiom's Supplement Company

    EXECUTION 
    Well my first order was only about $500, which is far less than most people think. Of course, I designed the label and logo myself which saved me some money (probably around $200). However like I said above, supplements are all about the branding, meaning the real costs will start racking up...
  11. axiom

    Axiom's Supplement Company

    EXECUTION 
    Hey guys, I figured its about time that I created a progress thread. The plan is to make this a place to track my progress and write down little pieces of information I learn along the way. I'm starting a supplement company--yes I know, nothing new or revolutionary. But the supplement market is...
  12. axiom

    What is your morning routine?

    MINDSET 
    I just toss n' wash. It isn't as bad as you might think and it gets the job done in three seconds as opposed to an hour for the tea.
  13. axiom

    What is your morning routine?

    MINDSET 
    5 am- Wake up. I kept my alarm at the other side of my room to make sure I had to get up to turn it off, but now I can get up no problem. Even if I stay out late the night before, I get up at 5--I prefer taking a nap if need be than sleeping in. 5:00-5:15am- Shower, get dressed, shave with a...
  14. axiom

    Questions to millionaires and wealthy people

    HOT! MINDSET 
    Ha.
  15. axiom

    Advice, guidance, pointers, feedback and critique, please.

    WEB/DIGITAL 
    well after the six months or whatever one of two things will happen: 1. They have followed your plan (assuming its quality) and have successfully started their freight business. or 2. They realize its not for them. I can tell you for sure that the lazy ones will drop the whole thing before six...
  16. axiom

    Advice, guidance, pointers, feedback and critique, please.

    WEB/DIGITAL 
    Without knowing too much about your business, I'd say a subscription content deal could be a good option. You say they want the magic bullet, yet they are still in the dark about actually implementing the things you taught them. So what I'd do is create a membership-only site/guide that gives...
  17. axiom

    Firestartr's Journey to Wealth

    EXECUTION 
    Would you mind just sharing the industry you're in? Could help us understand better.
  18. axiom

    The "Remember When" Thread ...

    OFF-TOPIC CHAT 
    Remember when I hadn't read MFL? Damn, seems like the dark ages.
  19. axiom

    Your take on launching 2 businesses with a friend?

    HOT! 
    I'd give it a try, because having a business partner you like could give you the motivation to keep going when things inevitably don't go as you planned. On the other hand, figure out which is more important to you--keeping your friend or your business--as it very well could come down to that...
  20. axiom

    That "ONE SECRET", Your Best Advice for the Aspiring Entrepreneur

    GOLD! 
    There’s the life you want, and there’s the one you have. The secret that only the extremely successful know is that the only barrier between the two is yourself.

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