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  1. Royael

    Licensing for SE Asia a waste of time?

    Hi, just wondered if having a licensing agreement for a certain product is a barrier to entry for competitors in SE Asia. A friend of mine wants to license US products and bring them to SE Asia (to sell them through his own channels - so no big chains). I had some doubts about it, as getting a...
  2. Royael

    $3000 within 30 Days. How would you do it?

    HOT! 
    Sure, when a business has an almost "dead" customer list of all their past customers you can basically craft an offer exclusively for them ("Hello past customer of [businessname]") with a no brainer offer ("We have never mailed you before, but for this special occasion we offer an exclusive 30%...
  3. Royael

    $3000 within 30 Days. How would you do it?

    HOT! 
    I myself came up with another solution, basically doing email re-activation campaigns for small businesses. Basically, you get one business to partner up with you and allowing you to send out an email campaign to their customer list (the first time you do it, you could do it absolutely for free...
  4. Royael

    $3000 within 30 Days. How would you do it?

    HOT! 
    Alright, I promised to post his solution, so this is what Jim Straw came up with. Basically, its offering a clean out service. Getting flyers printed and distributing them in your neighborhood, declaring that you would clean out any closets, basements, back porches, garages, storages, sheds...
  5. Royael

    Royael's Journey: Embracing The Chaos

    EXECUTION 
    After one more week the results have been better. I've managed to earn about $100, while still being in the red. Yet, if everything goes as planned then I would hit my first real profits in about one month from now. I am trying to employ VA's wherever possible, so while currently there's only...
  6. Royael

    Just starting. Here is my idea.

    IDEA 
    I think income potential, business success and quick results are inversely related. So you could get some quick results, but they would be very short term. Like doing a rev share or something, which I don't recommend at all. On the other side you could build up your income over time, but this...
  7. Royael

    Just starting. Here is my idea.

    IDEA 
    It's all about monetization for starting out. Just pick any business model with quick monetization - which ultimately is your feedback for having something what works. I wouldn't say your idea is bad, but its just very risky. In the end you must know for yourself, but I would rather start a...
  8. Royael

    Royael's Journey: Embracing The Chaos

    EXECUTION 
    Week #2 has ended today, and I quickly wanted to update this very crowded thread :D Anyways... I am a little bit unhappy about the results I got this week in terms of sales, considering I wanted to get more than just one.. But still, somehow I am glad even 1 person bought it, which means I am...
  9. Royael

    Just starting. Here is my idea.

    IDEA 
    Sure, here's the thing. You only have 2 options for marketing to succeed: you need to get viral (=word of mouth marketing) or to get your CPA<LTV with CPA being the "cost to acquire each member/cost per acquisition" and LTV being the "live time value of each member". If you pay more for...
  10. Royael

    Germany Meetup Opportunities

    MEETUPS 
    I'm currently in Berlin, would love to meet up with other fastlane people!
  11. Royael

    $3000 within 30 Days. How would you do it?

    HOT! 
    I read a very interesting book today, by Jim F. Straw. Great business man who in my opinion has really really valuable advice, which is sadly undervalued. Only very few people know him, but I think he has a good fastlane mindset. Anyways, he came up with a brilliant solution to that question...
  12. Royael

    Just starting. Here is my idea.

    IDEA 
    Don't do it. Don't try to build a social network as your first business. Realistically you would need a multi million dollar investment to make this work (i even doubt that that would work, as your market is way too broad + you want to scale out internationally) - as you said yourself, the...
  13. Royael

    Royael's Journey: Embracing The Chaos

    EXECUTION 
    This week was quite adventurous.. but also very exhausting. One thing I am really proud of is, I dropped out of university! Finally I made that decision, after struggling a lot with the pressure and even more with the FEAR of the unknown. As you know, I decided to start building a portfolio of...
  14. Royael

    Why I'm Dropping Out Of College

    EXECUTION 
    Great journey, will follow FOR SURE! I literally dropped out of college a few days ago - it was a no brainer for me! My reasons were 1. opportunity cost, 2. great income alternatives and 3. shift in education. Just published a post today on the blog with more details..
  15. Royael

    A large opportunity for copywriters

    MARKETING 
    Exactly! But no, every one wants to be part of the competitive ecom goldrush instead..
  16. Royael

    How to take on a big SaaS project when you lack confidence

    MINDSET SAAS / APPS 
    It sounds like you want to build SaaS for the wrong reasons. It probably isn't good to build a SaaS just "to start something." The thing is.. its 2016 and the SaaS market is getting really competitive (but of course, don't let that be an excuse for you!). There is even software for every tiny...
  17. Royael

    Hi fastlaners, what are the best skills for fastlaner?

    INTRO 
    All of the above + thinking out of the box seems quite important.
  18. Royael

    Help! The beginner's paradox

    EXECUTION 
    There is no perfect idea. I was searching myself for the "silver bullet", but there is none. I remember Keith Cunningham said something along the lines: "Take any industry/any idea and I will show you one millionaire and 100 people that didn't make it." That's true for almost all...
  19. Royael

    I need to start making more money...

    Don't do the affiliate blog as your primary venture, it takes too long. If you have some money go the paid advertising route. If you really need a fast money solution do things that others won't do. Start selling something to someone - preferably over the phone. While you work for the quick...
  20. Royael

    Cold Email Draft

    MARKETING 
    Hey, from my experience those emails don't really work out. You get a very bad response rate as biz owners get bombarded with those every day multiple times. There are elements such as the last sentence which just sounds too spammy. I would think about a different approach, like offering a...
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