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  1. AgainstAllOdds

    The Cult of Dan Lok - Brainwashed Student Lost $26,000 Testimonial

    OFF-TOPIC 
    I watched the whole interview. Your assessment is missing a few details from the interview: The Dan Lok sales system basically relies on two things: a) Making these people buy into the guru bullshit to the point where they have no one to rely on but Dan Lok; b) Then offering them the solution...
  2. AgainstAllOdds

    The HyperDoor: Automatic Sliding Door Opener

    Private message me the terms and costs. What I want to know: Cost per each device. What your royalty is. What the warranty is. If I have to manufacture it. Etc. I'll talk to a couple people and see what they think.
  3. AgainstAllOdds

    What will you accomplish in 2020? <-- Well did u?

    EXECUTION 
    Open a second location.
  4. AgainstAllOdds

    Just been abused by a toxic client.

    PEOPLE RANT 
    Definitely take a page from this guy's book. You can block the person in your phone, filter his emails to spam, and not deal with him again. I've told people before in no uncertain terms before to go F*ck themselves. They're pissed? Good. I don't want them thinking we have any relationship and...
  5. AgainstAllOdds

    Dilemma: deal with 3 separate factories to protect a product or 1 and risk it all.

    Great advice above. As @Fastlane Liam said - most products are not difficult to knock off. Most likely it won't be the factory that's selling the same product to other customers. It will be a competitor that sees the product and finds a factory to recreate it. At that point the floodgates open...
  6. AgainstAllOdds

    If you had 1 million dollars, how would you invest it?

    HOT! INVESTING 
    The business. If an entrepreneur made his money in a specific industry/business, then the highest return with relatively low risk is by investing in that existing/previous business or industry.
  7. AgainstAllOdds

    Mosquito Netting Ecommerce Store for Sale - $29k profit/year (2.3x valuation including inventory)

    MARKETPLACE 
    Hi Trevor. Congrats on all that you've done so far. I have a couple questions that might be useful for a potential buyer: 1. What growth opportunities do you see for a potential buyer? And in your 7 years of operating the business, what limited you from taking advantage of those growth...
  8. AgainstAllOdds

    Where to Set Up First Office in Canada or U.S. (for NA Business Expansion)

    New York City. As close to Manhattan as economically feasible. That's where the money is. That's where you should be. Especially if that's the market they want to target. Getting on a plane and flying in is 10x less effective than being there in person and capturing every opportunity you can.
  9. AgainstAllOdds

    New Year's Goals are Stupid

    MINDSET RANT 
    Just a quick rant. Not just for this forum, but society in general. This forum has recently been flooded with 2020 goals. They started a few weeks ago. The second December started, people started setting their goals for 2020. Here's the problem with that: Having a procrastination mindset that...
  10. AgainstAllOdds

    Fastlane Fasting Friends

    HEALTH 
    I'm probably in.
  11. AgainstAllOdds

    $100k 2017

    EXECUTION 
    Yeah, but it's a $1,000. $300 down. Probably won't have to pay the $700 until March when the Chinese come back from CNY. By that time he'll have saved up some cash and have a cushion for his stable life. What got @sparechange into this situation wasn't a business failure. It was low...
  12. AgainstAllOdds

    $100k 2017

    EXECUTION 
    Product is typically a 30% deposit. The rest at the end of production. You can order product in about a week. Make it happen.
  13. AgainstAllOdds

    $100k 2017

    EXECUTION 
    @sparechange - You're in a tough place right now, so I've been debating whether or not to make this post. However, I find personally that pain is the absolute best way to create progress. The pain you're feeling right now, harness that and turn that into something positive. Also, you asked not...
  14. AgainstAllOdds

    Services I Overpaid For

    A good truck with a crane can be had for around $60,000. You can finance that if you want. Annual maintenance after that is like $500 to have the crane certified by Hiab or whoever, and then whatever wear and tear is on your truck/crane. Most cities don't require a license. Some do. Chicago...
  15. AgainstAllOdds

    Services I Overpaid For

    This thread is a braindump for anyone that has trouble seeing opportunity. Below I'll jot down a few services I recently paid for that I considered "good money" for the time, effort, skill set, and investment capital involved. Anyone that has recent examples, feel free to add on. Hopefully this...
  16. AgainstAllOdds

    Should I buy this business?

    HOT! 
    Did it for a business I invested in. Most sellers should be ok with it if you structure it the right way: "I'm going to increase your sales to get a better understanding for the opportunity." Anything is doable if structured as a win-win.
  17. AgainstAllOdds

    Services vs Products

    A counterpoint to this: If you have an existing client base that buys from you, and regularly have discussions/feedback from your clients, then these low risk high reward products do exist. Your clients tell you what they want and you get it for them. However, to get to that point you need to...
  18. AgainstAllOdds

    2019's Black Friday Discussion... What Are You Up To?

    HOT! 
    "I'm really sorry, but I'm currently at capacity and fully booked for the next two months. Right now I increased the prices by just 5%, but probably have to keep increasing it if there's still too many orders. At this point it's just me working on everything myself 80 hours per week. I'll likely...
  19. AgainstAllOdds

    Services vs Products

    Here's the biggest problem with physical product: You won't get paid for years if you're growing organically and want to keep growing. Right now I'm sitting on a lot of inventory. Want new customers? Ok. Need more inventory. Want to add products to increase the value per customer? Ok. More...
  20. AgainstAllOdds

    Previously successful young entrepreneur. Failed hard, I need your advice.

    SOCIAL MEDIA INTRO 
    Why? It seems like the absolute easiest way for you to get the required capital to hire a designer on Upwork and turn your ideas into reality. Other options include using your credit cards, but that's a lot riskier and dumber than getting a job considering that you have self-admitted low-self...

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