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  1. David4431

    Finally Entered the Fastlane - Hobby store & Ecommerce - Progress thread

    EXECUTION 
    I enjoyed reading about your experience starting an LGS store - former Magic player here :p I'm by no means an expert in this area but I occasionally enjoy watching Youtube videos by Alpha Investments. You should check it out if you have time. He touches on LGSs once in a while. One point...
  2. David4431

    Why you should buy a home as early as possible.

    GOLD! HOT! ASSERTION 
    Business is hard and most people will fail. This is a fact. If you never succeed in building a successful business and spend years trying to do so, you will likely be worse off financially. This shouldn't be controversial. Why is acknowledging the opportunity cost of building a business...
  3. David4431

    Why you should buy a home as early as possible.

    GOLD! HOT! ASSERTION 
    This is something I've thought about in the past and I agree with you. For someone following the typical 9-5, buying a home is one of the surest ways of building wealth over time. A home is not only a forced savings vehicle but it is also a great hedge against inflation. And if you buy right...
  4. David4431

    Surgeon Dilemma

    INTRO 
    Assuming you studied pre-med in college, it took you 25 years to reach this point where you are making 100k per month with your practice. Not saying you can't build a fastlane business / become a successful investor in less than 25 years, but this reminds me of a scene from the book Irrational...
  5. David4431

    Launching and Ranking a product on Amazon [Execution Thread]

    EXECUTION 
    I'm not familiar with your product, but if I'm reading you correctly you basically made aesthetics improvements to an existing product. If so, one last note that hopefully helps - I also avoid products where my only value add is aesthetic design. Just making something look "prettier" can be...
  6. David4431

    Launching and Ranking a product on Amazon [Execution Thread]

    EXECUTION 
    I think you learned a lot from this experience. The most important lesson you learned is that you need to provide a product which is differentiated in a way which is better than what is currently being offered - it can't just be different for the sake of being different. I think this is the...
  7. David4431

    $5000 to $30,000 per month - eCommerce Progress

    EXECUTION 
    Just wanted to leave some encouraging words from one ecommerce business owner to another: You've done an amazing job turning your business around and you should be proud of yourself! I've had plenty of ups and downs as well so I know how difficult and dark some of those days must have been...
  8. David4431

    need advice on how to create a product

    QUESTION 
    There's a huge chasm between just developing a product and running a business selling that product. It's even more difficult for you because it doesn't seem like you have any idea of how to develop it or if there's even any market demand for it. In my opinion, you have roughly 2 options: (1)...
  9. David4431

    Flips, Real Estate, & Landscaping... You gotta Johnny Hustle baby!!

    HOT! EXECUTION REAL ESTATE 
    If you want to set up a real ecommerce business, one way to do this is by starting to pay attention to problems that you encounter while running your businesses / hustles. Anytime you wish there was a tool that does this or that for you while you're rehabbing your houses or cleaning out a...
  10. David4431

    AMA - $500k+/mo Dropshipper With Rebills

    EXECUTION 
    Hi @eTox thanks for sharing your experience building a dropshipping business - I think this is very kind and helpful of you! For context, I run an ecommerce business and order inventory from suppliers so my business model is different from yours. My question for you is in regards to what you...
  11. David4431

    Need help from a whale to offset my massive trading losses

    HOT! INTRO 
    I have an image of a whale (Moby Dick) for avatar. Do I count? :rofl:
  12. David4431

    Is E-Commerce still Alive for 2022 / 2023 and How To Make it a Fastlane Success !!!

    EXECUTION 
    This is a great answer to the question of whether it is viable to start an ecommerce business in 2022 by @fastlane_dad. I especially like that he points out the cons and takes the time to explain how it is harder now today than it was in the past. This is true from what I have seen over the...
  13. David4431

    The Prototype Is done, Now What?

    SOURCING 
    I think the advice on this thread to just sell your 3D printed products first to see if there is a market from them is sound. You should just try to sell a few to confirm that there are customers willing to pay for your product. Once you are sure that you have a willing customer base then you...
  14. David4431

    Launching and Ranking a product on Amazon [Execution Thread]

    EXECUTION 
    Something you might want to consider is drive outside traffic to your Amazon listing. I don't remember the details exactly but in a few presentations I heard that Amazon views this type of traffic very favorably. I think you might get better bang for your buck/time if you drove outside traffic...
  15. David4431

    Fighting CV19: Please send thoughts and well wishes to Greg B (Runum)

    HOT! 
    Happy Birthday! Wishing you a fast recovery!
  16. David4431

    Ask me anything about eCommerce (Ongoing)

    GOLD! 
    I would say that biophase’s method is even more relevant today as the amazon landscape gets even more competitive. If you simply look for products to arbitrage then you will be in trouble as others find it and jump in. Profits will erode and there won’t be much you can do about it if you’re...
  17. David4431

    $120k in Debt and Gambled With My Life Savings

    NOTABLE! 
    Great read! I'm currently on my own Amazon / ecomm journey so reading this was very inspirational! Thanks for sharing!
  18. David4431

    Too old to be an entrepreneur, a little late in the game at 35? I was sick for long time.

    HOT! 
    Hi @Makip - I went to one of these MBA programs that you've brought up so I'll give you my perspective and hopefully it helps you. You absolutely do not need to attend a top MBA program to be successful as an entrepreneur. What you learn in school is mainly for managing and working with large...
  19. David4431

    Ask me anything about eCommerce (Ongoing)

    GOLD! 
    Thanks @IGP . I think that kick from you was just what I needed. I sent them an email pushing back on them trying to charge me twice. Let's see what they say. I guess I was reluctant to stand my ground because I feel like we're pretty close to making a deal and I didn't want to jeopardize it...
  20. David4431

    Ask me anything about eCommerce (Ongoing)

    GOLD! 
    Hi @biophase - first of all, I want to thank you for all the value you have provided this forum and for people like me who are just starting out. I've been really inspired by your ecommerce journey and am trying to build my own ecommerce / Amazon business using what you've done before as...

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