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24 Years old: QUIT six-figure Job, Launched two Businesses

G_Alexander

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WTF? I can't make this GOLD it's already GOLD! You trying to get me to create a "PLATINUM" tag? Congrats on the growth and the new trinket! Measured rewards!

Thank you so much, my friend! Please add "receive PLATINUM thread tag" to my goal list for 2019 :smile::hilarious:

@G_Alexander I am so impressed by your progress! You are huge inspiration for me. I am pretty sure you will make even more sales than you expect. Enjoy your journey and keep it going!
Thank you :)
 
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Castillo

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This thread is insane.. When you started you were my age and feels like you were way ahead of me. Definitely motivating to see someone that's my age get to where you are in only four years. Going to keep grinding and hopefully see myself in your spot in four years from now!
 

Mike Partee

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Personally:
This February (2018) I got anxiety pretty bad (about a month after I got my Lambo). It lasted well into August. I just grew too fast and hadn't paid attention to my emotions since the time I was 18 (so about 10 years). I guess I was having trouble coming to terms with my success too... which sounds silly - but it isn't. You lose friends (that you've outgrown), you realize success is not a destination, but a journey (which is preached all the time). And I guess for me I just always felt like life would be/feel a bit different once I had "arrived". It doesn't.

This is very interesting;
Would love to hear more about the process you took to change mentally.

For me, @eliquid's alignment thread and the Self Authoring Program helped make sense of life; figuring out why I'm here and coming to terms with past events.

The results were amazing.

What did this process look like? Therapy? Working less? Reading more?
 
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2legit2quit

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hi @G_Alexander amazing thread, i have learned so much here, thank you!

one question i had was regarding you coding your site - was that from scratch or in addition to an out of the box type thing like shopify or yola or such? i wondered because i have an IT background, but in addition to HTML & CSS there is a lot of backend work to be done, making sure the code is not easily sniffed for CCs for example, making sure SSL is set up correctly, having your products in a database, a nice page layout...etc..im motivated but wondering if it is worth spending time on coding a site vs. OOB...(out of box)
 

Castillo

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hi @G_Alexander amazing thread, i have learned so much here, thank you!

one question i had was regarding you coding your site - was that from scratch or in addition to an out of the box type thing like shopify or yola or such? i wondered because i have an IT background, but in addition to HTML & CSS there is a lot of backend work to be done, making sure the code is not easily sniffed for CCs for example, making sure SSL is set up correctly, having your products in a database, a nice page layout...etc..im motivated but wondering if it is worth spending time on coding a site vs. OOB...(out of box)

He stated earlier he uses bigcommerce. So you'll have to know some css and html still but it's not as intensive as building it from scratch.
 

Art@AssetProfit

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Oct 14, 2018
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Great Choice to Have!
What a great story and discipline. At this point I would be seeking Mastermind Groups with people on your level and even more advanced. Also you have a New Income Stream...putting your experience into a book or course even recurring membership.

Art
 

MakeItHappen

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@G_Alexander so happy to hear you are doing so good!

I think this thread is a great example which shows that financial success has very much to do with the right mindset and work ethic.
I am actually not surprised at all that Alex has been this successful after reading the first post in this thread.
Two things that stand out to me:
1. How many people have the work ethic to work in investment banking and on a side biz at night at the same time? I don't know but not a lot.
2. The way he described how he learned about ecommerce. He didn't first take 1004 courses and read 115 books on the subject before taking action, and he wasn't expecting anyone to spoonfeed him every ounce of relevant knowledge.

That aside @G_Alexander is obviously also very smart, educated and has been starting businesses since he was 13 years old. He also has been a forum member since 10 years!

I also find it incredible that you are building multiple income streams at the same time. It's hard enough to focus on ONE idea and make it work but you are executing multiple projects with very much success.
I am just wondering how you split up your time to give every project the right amount of time. Do you work on the different project on separate days as an example (like the founder of Twitter does) or how do you make this work?

If you can keep up these growth rates the compounding effect will be crazy the coming years. :cool: :moneybag:

I would love to have Alex do an AMA. ;):thumbsup:
 

Castillo

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Hey @G_Alexander do you know why google keywords would show no information at all for 5 similar keywords? I know for a fact people are looking for this item and it shouldn't be something that shouldn't be able to be advertised... Seemed like a good niche as it hit what you said with the top three sites look like they're in the 90s.
 

Smuggo

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Really awesome journey.

Now I am 24 and struggling with beliving in myself that I can achive something like that.

Also I wonder if something like that is possbile to make in small country in Europe where population is about 30 million and there are not many manofacturers.
 

G_Alexander

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$5M a year is just insane for a small niche store! Congrats man! I need to learn from you now!

Thank you my friend! You were the first trailblazer here - and definitely have been a Mr. Miyagi for the entire forum! Can't wait to grab lunch here or by you next so we can catch up again =)

@G_AlexanderI also find it incredible that you are building multiple income streams at the same time. It's hard enough to focus on ONE idea and make it work but you are executing multiple projects with very much success.
I am just wondering how you split up your time to give every project the right amount of time. Do you work on the different project on separate days as an example (like the founder of Twitter does) or how do you make this work?

If you can keep up these growth rates the compounding effect will be crazy the coming years. :cool: :moneybag:

I would love to have Alex do an AMA. ;):thumbsup:
Thanks! @MakeItHappen

I started off by alternating days:
  • Monday and Wednesday = Brick and Mortar Biz
  • Tuesday and Thursday = Online biz
  • Friday and Sat = Flex day for either biz, tie up loose ends for the week
  • Sunday = Off
When deals are actively occuring in the brick and mortar (new acquisitions), I would say it ends up being 1 day a week for the online biz and 4-5 for the B&M.

These days, I follow this same schedule loosely, but I don't work Saturday or Sunday really... I also don't work on whatever days I don't feel like it or have errands to run, or just want to go drive my car and visit friends =)

Hey @G_Alexander do you know why google keywords would show no information at all for 5 similar keywords? I know for a fact people are looking for this item and it shouldn't be something that shouldn't be able to be advertised... Seemed like a good niche as it hit what you said with the top three sites look like they're in the 90s.
@Castillo
You are likely using the new Keyword tool from Google. Search for the "Old Keyword Planner" or "Standalone Keyword Planner" from Adwords. I always keep one open and have it bookmarked.

The new planner just lumps keywords together and isn't as accurate.

Also, look to subscribe to something like SEMrush ($99 a month). They have TONS of keyword tools.
 

Soder

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This thread is insane, congrats Alex.

I am especially surprised that you have been able to overcome the great competitor that is Amazon. I see it as someone with whom it is impossible to compete, although this thought is perhaps what makes an opportunity in e-commerce.

What do you think?
 
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Wiezel

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What's better to use? Well known sites as Amazon and Shopify or create your own online shop and sell your stuff on there?
 

Soder

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What's better to use? Well known sites as Amazon and Shopify or create your own online shop and sell your stuff on there?
As MJ says the important is not the idea, is the execution. Amazon is a huge competitor, but if you get 0.1% of customers buying on your website you will have a excellent business.
 

Wiezel

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I think I found a niche which is close to my hobby as well.
I've been searching for manufacturers in my country but I'm not able to find them.

Just on Alibaba/Aliexpress with an atleast minimum of 1000x of the product. I don't have the money nor storage space for that... how should I proceed from here?
 
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OverByte

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@G_Alexander just read this thread... Wow & Congrats! You killed it through persistent effort.

I had a question for you / others in the e-com space. When you launch a new product and it doesn't have any reviews yet do you have any strategies to increase trust in the product & get initial reviews?
 

fishgodeep

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Incredible story. Congratulations on all your past, present and future success @G_Alexander. Thank you for taking the time to share so much valuable information.

I imagine your a little busy right now choking out all your goals ;)
 

exclusives88

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Q3 2019 is about to end. Any updates on the business?

Any examples on what you did to the store that helped with ranking to #1? I ask because we have been putting out content but still at #44 listing on our main keyword with 90,000 organic searches.
 
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Boogie

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Bump. Great thread.

Lots of lessons of follow through and action taking.
 

MakeItHappen

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Bump for a great thread.

I hope @G_Alexander your businesses are doing fine despite Corona.
 

G_Alexander

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Bump for a great thread.

I hope @G_Alexander your businesses are doing fine despite Corona.

@MakeItHappen thanks my friend.

Between continued hardcore SEO efforts, COVID online shopping increases, and growth in my industry... my online shop did $13,900,000+ in sales last year and is currently growing at a large clip again this year. 10 full time employees now, along with 7 full time VA's overseas. Competition in my industry has stepped up, but I am diligently working all the time to keep ahead with good quality content (that, and having a 7-year organic headstart sure helps).

The Brick & Mortar business did approx $4,600,000 last year, and EBITDA % increased a good amount as well... but we did experience a month of mandated shutdowns at our Michigan locations, along with 2.5 weeks in Illinois. We have 3 new locations in process right now, with two to open this year.

Been INSANELY busy (and that's putting it lightly)… and just trying to allocate my time each week to each company properly, while launching other passion projects as well.

Every once in awhile I get notification email from this forum, so I gotta pop back and say hey =)
 
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Fox

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@MakeItHappen thanks my friend.

Between continued hardcore SEO efforts, COVID online shopping increases, and growth in my industry... my online shop did $13,900,000+ in sales last year and is currently growing at a large clip again this year. 10 full time employees now, along with 7 full time VA's overseas. Competition in my industry has stepped up, but I am diligently working all the time to keep ahead with good quality content (that, and having a 7-year organic headstart sure helps).

The Brick & Mortar business did approx $4,600,000 last year, and EBITDA % increased a good amount as well... but we did experience a month of mandated shutdowns at our Michigan locations, along with 2.5 weeks in Illinois. We have 3 new locations in process right now, with two to open this year.

Been INSANELY busy (and that's putting it lightly)… and just trying to allocate my time each week to each company properly, while launching other passion projects as well.

Every once in awhile I get notification email from this forum, so I gotta pop back and say hey =)

Well done man - massive achievement there.

So cool to see this progress, you put in the big hours up front and paid off massively.
 

MakeItHappen

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So happy to hear that you keep killing it!
Been INSANELY busy (and that's putting it lightly)… and just trying to allocate my time each week to each company properly, while launching other passion projects as well.
Just make sure you have enough leisure time to enjoy your success. ;)
 

MJ DeMarco

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@MakeItHappen thanks my friend.

Between continued hardcore SEO efforts, COVID online shopping increases, and growth in my industry... my online shop did $13,900,000+ in sales last year and is currently growing at a large clip again this year. 10 full time employees now, along with 7 full time VA's overseas. Competition in my industry has stepped up, but I am diligently working all the time to keep ahead with good quality content (that, and having a 7-year organic headstart sure helps).

The Brick & Mortar business did approx $4,600,000 last year, and EBITDA % increased a good amount as well... but we did experience a month of mandated shutdowns at our Michigan locations, along with 2.5 weeks in Illinois. We have 3 new locations in process right now, with two to open this year.

Been INSANELY busy (and that's putting it lightly)… and just trying to allocate my time each week to each company properly, while launching other passion projects as well.

Every once in awhile I get notification email from this forum, so I gotta pop back and say hey =)

Damn Damn Damn! Awesome job man, how's married life?
 
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