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Search results

  1. T

    Bath and beauty product business from scratch

    EXECUTION 
    Well, I'd say no market can have no competition unless one already has a monopoly in it. Then if it's profitable, some competition is bound to show up. Are you suggesting lots of competition is unavoidable and a poor excuse to avoid a market?
  2. T

    Bath and beauty product business from scratch

    EXECUTION 
    There just seems to be an overwhelming number of existing products that have similar purposes and benefits. Maybe being saturated isn't a bad thing, as long as our products are unique in desirable ways and we're able to make those ways known. Looking up the meaning of market saturation, using...
  3. T

    Bath and beauty product business from scratch

    EXECUTION 
    Thanks for sharing all this detailed info. It's good to know the range of options available and what I'm getting myself into. I imagine our goal would be to get to the 3rd, after we've proven the market a bit more. Finding a manufacturer you're happy with seems like a major pain point, but I'm...
  4. T

    Bath and beauty product business from scratch

    EXECUTION 
    We have made some progress this week, after taking it easy following the craft fair. Our Facebook page now has each of our products listed in the shop, with pictures, descriptions and prices for each. The descriptions could use another pass, but at least there's something there. The FB user...
  5. T

    Bath and beauty product business from scratch

    EXECUTION 
    Thanks ProblemOd! I am curious how you found the manufacturer and how much they do for you. Do you just tell them the type of product and unit count you want and they handle the manufacturing, packaging and labeling? With that done, it seems like the rest is all marketing and sales.
  6. T

    Bath and beauty product business from scratch

    EXECUTION 
    About a month ago my girlfriend and I decided to put some products together for her school's craft fair. We came up with a list of 8 products to formulate, researched recipes online and checked competing products. We dropped 1 along the way since it didn't look like we'd be able to sell it...
  7. T

    I've Read UNSCRIPTED!

    GOLD! HOT! 
    I recently finished reading UNSCRIPTED. Great content that I hope to put into practice soon!
  8. T

    I've Read The Millionaire Fastlane!

    GOLD! HOT! 
    It was great for listening during my commute, but I get more out of it when I have the physical book to go through.
  9. T

    I've Read The Millionaire Fastlane!

    GOLD! HOT! 
    I listened to TMF audiobook a while back and reread it more recently. Also just finished Unscripted and loved it!
  10. T

    Crowdfunding or Accepting a loan for product manufacturing

    The big appeal of going the crowdfunding route is that it proves the market for your product without needing to risk a large chunk of capital up front. I would rather find out it won't work by spending a few thousand of my own money, than borrowing 10x that of someone else's.
  11. T

    would forex expertise be considered a fastlane to wealth?

    EXECUTION 
    I've actually been researching it again lately, and plan on getting started demo trading soon. With my tech background, I might stumble upon some opportunities in this space too! As others said, passing the CENTS test basically comes down to capitalization. You need enough that safe trading...
  12. T

    Live Rent Free in Multiple Countries

    NOTABLE! REAL ESTATE 
    If you're coming up with an accurate average occupancy rate, the 10% cushion shouldn't be needed. It might be handy to use it as a worst-case scenario to see if you'll maintain profitability during weak periods.
  13. T

    Uber of IT Support

    EXECUTION 
    So it's targeted more at businesses that need "a computer guy" for general help. Something between a nephew who's "good with computers" and an "enterprise class" consulting firm. I imagine marketing will be a big key to your success; you want to be the company small business owners think of when...
  14. T

    Uber of IT Support

    EXECUTION 
    What sets you apart from a regular placement agency? Or something like hired.com? If you're talking about IT support that requires a developer, small chunks of work will be a lot less efficient unless the contractor is already familiar with the system and code base. Plus any onboarding/setup...
  15. T

    Booking a one way ticket and starting a new life?

    OFF-TOPIC 
    I did something similar a decade ago, but had a return flight booked for 1 year later. And it was specifically to teach in Thailand. At $500-$1000/mo living expenses, it's not hard to get by there so homelessness shouldn't be a concern. There's always the option of doing private English lessons...
  16. T

    Exiting the Slowlane

    EXECUTION SLOWLANE 
    Half duplexes don't seem to be a whole lot cheaper than single family around here. With my current property just having a small decrepit garage, I think building a new one with a garage suite would be a pretty solid investment. I'd just need to come up with the funds without selling my house...
  17. T

    Exiting the Slowlane

    EXECUTION SLOWLANE 
    Not a whole lot of progress here. It's -19C outside this morning, and if I could find a way to turn my negative feelings towards that into long-term motivation, I'd be all set! I got my less-than-cost-of-living annual raise, and there's no bonuses this year since the company isn't profitable...
  18. T

    Options for this old house

    REAL ESTATE 
    My zoning allows for a garage suite (among other things) as they're trying to increase housing in the more central, mature neighbourhoods. There's even a cash incentive for doing so, as long as your rental meets some affordability conditions (85% of market price, and must be low-income renters)...
  19. T

    Options for this old house

    REAL ESTATE 
    Yes, that's the place. -4C out right now! Have you been up here before? 2 strong anti-condo sentiments! Considering most of my dislikes about living in a house could be negated by hiring lawn/snow care and a maid, maybe it's not so bad. Interest rates are so low right now (I'm at 2.45%...
  20. T

    Options for this old house

    REAL ESTATE 
    Thanks for the advice, Mattie :) It really is my starter home. That probably makes me biased towards it, instead of seeing it as just an asset that I happen to live in right now. It's not special, it's just my house! I'm sure there are better investments for my money than this property. I'll...
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