The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success

EXECUTION [Daily Update] Watch me go from Freelancer To Entrepreneur

Remove ads while supporting the Unscripted philosophy...become an INSIDER.

OP
OP
MaxKhalus

MaxKhalus

Bronze Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jun 7, 2018
352
363
189
19
Spain
33977
Well,just did it.**Correcting
 

Don't like ads? Remove them while supporting the forum. Subscribe.

OP
OP
MaxKhalus

MaxKhalus

Bronze Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jun 7, 2018
352
363
189
19
Spain
33981
I didn't hit $40 today because I run out of work. But before tomorrow, I plan to cover all the research for tomorrow's topics.

Amazon is a waiting game as expected. What worries me is where save the money. I store it in Paypal with no accounts connected, so they can freeze the amount anytime. Not fun.
 
OP
OP
MaxKhalus

MaxKhalus

Bronze Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jun 7, 2018
352
363
189
19
Spain
Why do you not have any accounts connected to your Paypal?
it's a long story, but the short explanation is... bad luck (and preparation).
- My IDs expired last month
- The pandemic has delayed the process for several months
- I cannot verify PayPal without an ID (I can still store in a bank account though)​
The best solution I see right now is to create temporal PP accounts and play with that. While hoping that the council gets the problem solved fast. For unverified accounts, PP freezes your account after you cross a certain limit, which is around $1800.​
I don't know if some of you contacted Paypal recently, but they take decades to respond.​
 
OP
OP
MaxKhalus

MaxKhalus

Bronze Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jun 7, 2018
352
363
189
19
Spain
Happy Sunday?
33985

Also, the performance chart for this whole time (hours worked):
33986

Things are going decent so far. I wonder what the next challenge should be...

Also, in case someone asks:
33987
 
OP
OP
MaxKhalus

MaxKhalus

Bronze Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jun 7, 2018
352
363
189
19
Spain
34003
As everything gets ready for the inventory, I've found other costs that may arise:
- Freight forwarder shipping fees(~$100)
- PPC Budget for the launch ($300-$400)
- Photographer ($100) (includes sending sample to them)
- Reviews ($120 for twelve commissions)
- Coupon code budget (~$300)
- Inventory Inspectors ($200)

My conservative number says I should rack up around $2720 by time time I decide to launch. Good news is, I only need about $1800 ready for now. The rest can wait until it ships (~1month).

Completing the launch by mid-September sounds realistic. That's still enough time before November's 2020 global crash.

Happy Monday!
 
OP
OP
MaxKhalus

MaxKhalus

Bronze Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jun 7, 2018
352
363
189
19
Spain
34017
Done for today. I don't have much to say, except that I spent more time on research.
 
OP
OP
MaxKhalus

MaxKhalus

Bronze Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jun 7, 2018
352
363
189
19
Spain
34049
Today, I'd like to share the article I'm currently working on. I believe many of you will find it invaluable: Mind tricks to persuade/influence/manipulate.




"Do you ever think about what you think about? Seriously. Do you consider yourself an
independent thinker?"
 

Attachments

OP
OP
MaxKhalus

MaxKhalus

Bronze Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jun 7, 2018
352
363
189
19
Spain
34068
If I want to keep progress stable for tomorrow, I'll need to work a bit more to cover the research today.
 
OP
OP
MaxKhalus

MaxKhalus

Bronze Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jun 7, 2018
352
363
189
19
Spain
34088
I couldn't sleep this night, and deprivation will affect my brain today. I've decided to cover the minimum and complete the pending research. Everything should be alright tomorrow.
 
OP
OP
MaxKhalus

MaxKhalus

Bronze Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jun 7, 2018
352
363
189
19
Spain
34123
I just got some dates for the product. The sample arrives next week.
 

Don't like ads? Remove them while supporting the forum. Subscribe.

OP
OP
MaxKhalus

MaxKhalus

Bronze Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jun 7, 2018
352
363
189
19
Spain
34175

No results for three days (my client is on vacation). I will definitely boost my productivity once everything is back on track. Luckily, I already have all the money I need, and those red numbers technically remain in my bank account yet.

Also expecting the sample which should arrive today. I have some final research work for the product improvements.
 
OP
OP
MaxKhalus

MaxKhalus

Bronze Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jun 7, 2018
352
363
189
19
Spain
34206
...And today we finally break the negative trend. Not only the client returned with more content, but another old client came back too. Today will be Research day.

I'm a bit confused with the sample. FedEx shows it as Delivered. However, nobody called my number, they didn't ask anybody to sign the parcel or anything like that. I'll need to figure out where it's right now :S
 
OP
OP
MaxKhalus

MaxKhalus

Bronze Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jun 7, 2018
352
363
189
19
Spain
34241
Ordering new sample...
at least I have lost of things to do these weeks.
 
OP
OP
MaxKhalus

MaxKhalus

Bronze Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jun 7, 2018
352
363
189
19
Spain
34295
As you can see, my priority hasn't been raising the numbers.

I'm trying a better routine to stay more focused. Instead of splitting my day in blocks, I do one day of writing and another for coding. I started three days ago, and I feel like making far more progress. I no longer need to spend energy switching tasks or thinking of something else. It may reduce my productivity overall (more time = less urgency), but at least I'm present at work.
 
OP
OP
MaxKhalus

MaxKhalus

Bronze Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jun 7, 2018
352
363
189
19
Spain
34346
Here's the most recent update.

If it looks like I'm slacking, it's because I'm doing three different things at once. Glad to see things moving at least : )

I should be about to order that FBA inventory
 

Pero123

Contributor
Read Millionaire Fastlane
May 31, 2020
31
37
107
Croatia
View attachment 34346
Here's the most recent update.

If it looks like I'm slacking, it's because I'm doing three different things at once. Glad to see things moving at least : )

I should be about to order that FBA inventory
You really have to charge more. That's way too cheap for so much content. Try pitching higher when you get new leads. You already have "stable" clients. Try to get a better client now.

Good luck. I'm following your thread. Just to let you know :D
 
OP
OP
MaxKhalus

MaxKhalus

Bronze Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jun 7, 2018
352
363
189
19
Spain
You really have to charge more. That's way too cheap for so much content. Try pitching higher when you get new leads. You already have "stable" clients. Try to get a better client now.

Good luck. I'm following your thread. Just to let you know :D
The last time I tried I got a 5.5cent/word, but he asked for at least 4 revisions per article. I guess I just had bad luck and should keep pitching others.

Once the inventory ships, I'll have plenty of time to pitch.
 
OP
OP
MaxKhalus

MaxKhalus

Bronze Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jun 7, 2018
352
363
189
19
Spain
34409
- Currently focusing on recovering from last two week's losses.
- Inventory will be in production within 5 business days
- As soon as the business requires more money than I own, I can use unmentioned savings to fund it, also sacrifice most of my coding time to write more and cover the difference ASAP.

The goal is to get it going before October.
By the way, I'm going to need a few reviews for the product, US people, $10 Paypal commission each, at least ten people. If you're interested, just send me a message here and you'll be on the list once it releases :D
 
OP
OP
MaxKhalus

MaxKhalus

Bronze Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jun 7, 2018
352
363
189
19
Spain
34426
Basically, what you see here is me doing other stuff since day 224. I also did 70% of the research beforehand. Today, I jammed 3750 words in less than 10 hours (spent my time correcting the losses from the last few days), including other activities. My discipline is quite strengthened at this point. It feels like a relaxing journey.

*Note: If I don't reach $1750 by Sunday, I'll need to change my priorities and be more serious.
 

Don't like ads? Remove them while supporting the forum. Subscribe.

OP
OP
MaxKhalus

MaxKhalus

Bronze Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jun 7, 2018
352
363
189
19
Spain
34466
Alright, we're approaching Friday. Here's what's going on with FBA so far.

I spent time talking with other suppliers to source an accessory to my main supplier. After much trouble with sizes, I've just found the right accessory today. By the tomorrow, I will buy a sample to this address, so the main supplier tests if the accessory fits or not. Next week, or as soon as it arrives, I'll be ready to buy 300 units of each accessory (there's two of them) and send it to the supplier.

I'll also be ready to pay the main one, so they can save time on production while the rest ships to them. Then, I give them the other 50% and they send it to Amazon. It should arrive on September, where I'll need a few reviews to get started.

I've done nothing with the listing yet. It just exists.

It also feels like I'm maintaining on the current income level pretty well, but it feels like I'll fall behind the $1750 goal. Let's hope for the best.
 
OP
OP
MaxKhalus

MaxKhalus

Bronze Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jun 7, 2018
352
363
189
19
Spain
34483
Nope, not reaching the $1700 mark by tomorrow. I guess my priorities are somewhere else.

Changing topics, I just figured out how to source my accessories from supplier B to supplier A, but I have a big dilemma. Perhaps you Fastlane guys can help me make up my mind:

For the accessory I want, I can only afford at most $0.90 per unit, but the lead time should not be over 45 days. The first one or two orders could be an exception to this last rule. The lead time is 30 days of shipping plus whatever number these suppliers give me. I got three quotes:
a. $0.62 per unit (30-35d production time)
b. $0.80 per unit (25d production time)
c. $0.91 per unit (Already produced. Can ship right away.)

Knowing the first order won't be profitable even with option a, which one would you choose?
 
OP
OP
MaxKhalus

MaxKhalus

Bronze Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jun 7, 2018
352
363
189
19
Spain
How many units will you buy?
Whoops! I just read your earlier post & it says 300.
So $90 to get it soonest.
Can you afford that?
Any advantage to get it sooner?
What's the cost if you get the cheaper option, there's a delay in production & they arrive late?
There's only opportunity cost.

Later, if I wanted to keep up with 30+ production times, that would add up to the other 30 for shipping. So with 60 days, it can cause long-term problems with inventory timing and cashflow (unless you sell thousands).

The mentor suggested me taking 0.91.
 
OP
OP
MaxKhalus

MaxKhalus

Bronze Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jun 7, 2018
352
363
189
19
Spain
34562
I wish the experiment worked, but it didn't...

I was first planning to split my routine into two days: one for writing, one for coding (and ecommerce in between. It's quite passive). I would need to do twice as much work on each, but because I'd do one thing at a time, my focus would increase.

It didn't work as I expected. It's easier to profit when you write everyday, and I'd like to code every day, not every other day. So I got back to my two-block routine and numbers went up.

They will soon go down once I buy the inventory.
 
OP
OP
MaxKhalus

MaxKhalus

Bronze Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jun 7, 2018
352
363
189
19
Spain
34586
I didn't have much work today, but I'm proud of having got it done in record time. Now I can use this Saturday for coding and Amazon.
 

Create an account or login to comment

You must be a member in order to leave a comment

Create account

Create an account on our community. It's easy!

Log in

Already have an account? Log in here.

Sponsored Offers

  • Sticky
MARKETPLACE Fox' Web School's "Legend" Group Coaching Program 2020
This year has been quite crazy so far, and a lot of people have reached out to ask me if web...
  • Sticky
FEATURED! Introducing... WEALTH EXPO$ED, A Short Story By MJ DeMarco
Got it several weeks ago and have listened to it several times now. I've definitely met both...
  • Sticky
MARKETPLACE You Are One Call Away From Living Your Dream Life - LightHouse’s Accountability Program ⚡
Just got off the phone with @LightHouse. Having just a 45 minute conversation with him has...
  • Sticky
MARKETPLACE Kill Bigger Incubator
@Kak Out of curiosity, what types of businesses are you advising on? (I read this whole thread...
  • Sticky
MARKETPLACE Lex DeVille's - Advanced Freelance Udemy Courses!
Just bought 5 of your Upwork courses. Thanks for making valuable content Lex!
  • Sticky
MARKETPLACE Grow Your Business With a Book (An Unorthodox Marketing Strategy That Built One of the Largest...
Thanks for your offer to look at my book. Here's the link to the squeeze page Buy The Prosperous...



Forum Sponsor

sponsor

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Monthly conference calls with doers
Ideas needing execution, more!

Join Fastlane Insiders.

Top Bottom