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Can I turn my slowlane into a fastlane this way?

Discussion in 'General Entrepreneur Discussion' started by Sascha Venus, Jan 16, 2018.

  1. Sascha Venus
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    Sascha Venus New Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

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    Hi to all the forum members!
    I quickly wanted to share my story and ask for advice on my mindset & thinking.
    I'm a social media influencer with many thousands of followers throughout my channels.
    This is what I do for a few years now and since a few months as a business/job.
    I collaborate with big brands to help them marketing-wise and drive customers to their shops.
    I do this with pictures of me and my style.
    The payment is awesome, I close multiple thousand € deals but it's not passive in any form.
    The more I earn the more I have to work as it's my name that is branded on here.
    I'm also investing a lot of money into Etf's and stuff which works well so far.
    A typical slowlane isn't it?
    My question now is if I start to build a shop and sell my own products through my influence, does that turn my brand into a fastlane?

    The fact is that Need is fulfilled, Entry isn't but I can lever that with extraordinary what I currently do, Control is violated as I work with Social Media channels, if somehow they are turned down my business drives no money anymore. Speed is great as it's an internet-based business and reaches people internationally. Time whatsoever is violated because I can't remove myself from the business under current conditions as my face is the money source.

    What are your thoughts, advice or tips for me?
     
  2. MickyMillions
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    MickyMillions New Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

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    My worry would be if your influence will have the same impact when pushing your own products.

    Influencer marketing has an aspect of independent recommendation, when it's your product you may find lower conversion.

    Also the current companies may decline to work with you as a competitor
     
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  3. Sascha Venus
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    Sascha Venus New Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

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    Definitely something to think about! The traditional way seems to be like this for influencers. They build their influence first and sell own products in any form then at some points. I mean the big ones do so. If this really works out for me as well is something I would have to find out. I'm just very insecure if this is the right way as I more feel like what I do is a well-paid job, definitely not a business currently.
     
  4. MickyMillions
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    MickyMillions New Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

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    I would ask yourself is this the best fastlane idea you have that you can execute? can you find another that satisfys all the commandments?

    I would be tempted to continue on in your current well paid job/business for now while looking for a better fastlane idea to compare against your current one.
     
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  5. olga_novokhatska
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    If what you do works, and you generate a huge amount of money, maybe the best you can do, it's looking for invest it in some "money tree system", instead of change your business?? For example, buying the rental real estate ... for the moment, you work a lot... but with a passive rent income you will be free to work less !

    Envoyé de mon SM-G920F en utilisant Tapatalk
     
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  6. Sascha Venus
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    Sascha Venus New Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

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    Thank you!
    But isn't that what @MJ DeMarco writes in the Fastlane is a slowlane? To work your a$$ off and invest as much as possible? Or is that just for normal jobs?
    I'm currently investing a lot to build a passive money tree so that I can work jobs as an influencer just when I want to and to have fun, not because I have to to make money and finance my lifestyle.

    Or should I better look for a better fastlane opportunity that fulfills all the commands of CENTS?
    Man, MJ really made me insecure about my current situation but I'm thankful for that!
     
    Last edited by a moderator: Jun 7, 2018
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  7. Iammelissamoore
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    Iammelissamoore Silver Contributor Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

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    The Fastlane philosophy employs a number of different aspects in order to drive it's success. The commandments are definitely necessary, since this is what differentiates your business/product/service from other regular business/products/services.

    That being said, where the Fastlane principle is concerned, what would be cool is if you can create a product/service using your influencer status, which can guarantee your partners maximum marketing success, amidst the fulfilment of additional needs your clients have, which, over a period of time, can allow you to disconnect your physical self - as your current model goes against the commandment of time, the commandment of scale and the commandment of entry - and you can now market this product/service which provides the value your clients are seeking.

    What problems are your clients, and other companies like your clients who use influencer marketing, are being ignored, but should gain more attention?

    Are there any other avenues not being explored that can and should be explored by influencers that aren't being explored?

    I know I make these questions sound really simple, but, in order to switch your venture to a fastlane, you may have to do some deeper searching within the industry, seek underlying problems that aren't being addressed and work on building powerful solutions that can be a game changer for the industry which addresses the Commandments.

    One thing that came to my mind while writing this, was that initial scenario in TMF when MJ was much younger and on his way to that ice cream shop, and he saw his, at the time, dream Lamborghini, when he saw the young man driving it and he asked him what he does, the guy mentioned that he creates things.

    ...this is what makes the difference on the journey of Fastlaning. You Become a Creator, a Producer, an Innovative Thinker, an Inventor etc.

    Ooh, and don't get scared into thinking what you can or can not create. Remember, in order to create, you do NOT have to reinvent the wheel. In every single industry that exists to mankind, there are many underlying issues not being attended to, even in your industry.

    To answer your original question about if you can turn your field into a Fastlane concept, I won't say it is impossible, but what I will say is to pay attention to the Commandments, if it doesn't meet the commandments, review what aspects of it are going against the commandments and seek what changes can be made to enforce the commandments.

    Also, I'm not sure if you've gotten your hands on MJ's 2nd book Unscripted, but in it, he goes a lot more in depth about a lot of philosophies, and he also wrote a LOT about looking at industries from the Creator/Producer perspective, this is a HUGE help in concretising choices about whichever industry you wish to become a game-changer.

    All the best on your journey.
     
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  8. Sascha Venus
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    Sascha Venus New Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

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    Wow!! Thanks so much for your answer and for taking the time to write these lines. I deeply appreciate that!!
    I have to read Unscripted for sure, will get my hands on it the next days.

    And you are truly right, and yes, there are a lot of problems in my industry so I will definitely do some brainwork to see how I can solve them as a producer.

    Thanks again!!
     
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  9. olga_novokhatska
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    Your situation looks more like a fastlane in the early stage ... even MJ worked a lot when he created the limo company ...

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    Last edited by a moderator: Jun 7, 2018
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  10. Sascha Venus
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    Sascha Venus New Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

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    True!
    But I'm wondering about the difference laying underneath; My business itself can never operate passively because I'm branding my name, my face, my style.
    What I can definitely do is invest a lot of money in stocks, etf's, real estate, p2p and some other money systems to earn enough passive income out of these sources as soon as possible to only work in my business when I want to. I get that. I'm even already doing so. But the business itself can never operate passively. Isn't that a difference compared to a business that can operate passively itself? Like a shop selling stuff?
    MJ writes in the Fastlane that the fastlane means to invest money to stay wealthy, not to become wealthy. Isn't that part of what I'm doing? Investing to become really wealthy in terms of not having to operate my business actively?
    May sound like a stupid question but this is really something that makes me think a lot about my current situation.
     
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  11. Longinus
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    Longinus Platinum Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    Is your influential status still growing?

    If yes, just keep pushing. See it as a temporary job (btw one many people are trying very hard to become as well).

    If it doesn't, why not thinking about launching your own product. You already are the face and brand of the company.
     
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  12. minirich
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    minirich Contributor Read Millionaire Fastlane Speedway Pass

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    If you earn good money with your current business "milk it". At the same time have an eye for opportunities that are in your industry and only YOU can see/identify, because you are an insider.

    Startups seldom end up doing with what they have started.
     
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