[Daily Update] Watch me go from Freelancer To Entrepreneur

[nordine]

View attachment 36013

What I've earned is enough to pay for everything required (loans, Amazon). Past this point, it doesn't make much sense to keep earning at this level. Daily updates stop here.

What's next is completing a few tasks from the todo list and start planning 2021.

Good bye!

good luck man, time to take the next step with the amazon products.

 

[Raja]

View attachment 36013

What I've earned is enough to pay for everything required (loans, Amazon). Past this point, it doesn't make much sense to keep earning at this level. Daily updates stop here.

What's next is completing a few tasks from the todo list and start planning 2021.

Good bye!

Since you will jump back on and off time to time, why not write your detailed plan to achieve in next year and compare when you hop back in.

 

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[MaxKhalus]

Since you will jump back on and off time to time, why not write your detailed plan to achieve in next year and compare when you hop back in.

Good idea. That's actually what I'm doing these vacations. So by the end of 2020, I'll post that.

 

[Raja]

An investment fund that's promising a 20% return per month is a scam.

I second this,

Warren Buffett's annual average return is 20.5% since it began trading in 1965, means they are his direct competition yet they are not billionaire themselves.

I suggest you look at index funds they are as stable, diversified, and hands-off as they can get.

 

[MaxKhalus]

Here's the plan so far (I'm working on the week goals right now):

 

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[MaxKhalus]

Quick new update (for no reason in particular),

As for Amazon, freelancing, and the agency:

Amazon is kinda dead as it's been since 2021. By now, the (3rd) inventory should have arrived from the 3PL to the FBA warehouse. I just need to make sure it appears on the inventory and reinstate the listing. Still dealing with hijackers.

Yeah... totally trading control for short-term success. As soon as it works, I'm out and moving the brand to an independent store. But let's save the rant.

Very proud of the agency. This is the first one I started about three weeks ago and is going better than expected. About 30% profits (avg. $15 per post), 2-4 posts per week, and the freelancers are easy to work with. Clients are also happy.

Freelancing... kinda frustrating. I got these guys paying twice the amount (about $140 for the average post) with lots of work. They're flexible and fun to work with. Yet I'm finding excuses everywhere to waste my time somewhere else. So I've only done two posts since early December when I could have done around 8. Covid didn't help either (but that's not a problem at all now).

Also, crypto doing kinda good but could be way better. It's the last time I'm following the logical, 'popular' opinion. Most of what I sold at a loss raised by 40% overnight after holding for months. Whatever, not gonna get much into that.

· · ·​

So overall, there's this annoying feeling that I could do better. This is nowhere near where I want to be. And the first thing I'll improve is my focus. And stop wasting 12hs of work for what should take 4h-6h at flow state.

By the next update, I want to make a large change and have nothing to do with what's been shown so far. Tired of mediocrity, no half-measures this time.

Also, will probably move the thread later, as we're about to start a dual execution diary on ecom with my best friend.

If any of you have any advice for this 2018 Fastlaner, no matter how irrelevant, I'm more than happy to listen.

 

[William Ainslie]

go for it, I’m following with interest

 

[Gepi]

Good day MaxKhalus,
I was just wondering - you said you make 2-3k on average/month?
How does this work with the numbers now given?
Hate to be that girl, but somehow this doesn't compute...

 

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[Appdeveloper]

How do you get freelancing clients mates?

 

[MaxKhalus]

Not Today (Day18)

 

[Merlox]

Sounds good brother! Keep up the hustle. Now here's a question to get you thinking: how are you gonna raise your prices to outsource your job? You can't make a business if you have to do everything yourself so at some point you'll have to outsource which is good but you must be able to afford it comfortably to pay yourself and all the fees in the process.

I'd suggest you to focus on quality and create a similar but premium service where you charge 20x times more while you promise better researched articles. Your existing clients may be interested since they know you already. I've seen it with other people and it works.

Be sure to outsource it as soon as possible because otherwise you'll get stuck with too much work if things go well and you may never make the change from freelancer to entrepreneur, I had it happen with my freelance work and now I'm back at the beginning.

You could use the money you already made to promote this new premium service. Buy a quality video explainer with animations, show your work beautifully and pay for ads and offer it for a reduced rate to get traction initially.

In summary, here are my suggestions, it's up to you to take them:
- Think about transitioning to a business by increasing your profits. Create a similar premium service.
- Outsource your articles to others. You'll spend a great deal of time here since you will have to go through lots of people to find the one that delivers what you need at your price.
- Use your earnings to promote this new service.

 

[Kepler]

TOTAL REVENUE: $7.00 TOTAL PROFITS (-16%): $6.00 PROGRESS TODAY: - Today's Profits: $6.00 - Work Time: 2h - Average Rate: $0.25/h (24h in a day) PROGRESS THIS WEEK: - Weekly Profits: $6.00 - Work Time: 2h - Average Rate: $0.03/h (168h in a week)

GROWTH: Last Day's Profits: N/A Last Week's Profits: N/A -Compared By Day: N/A -Compared By Week: N/A

RECORDS OF THE DAY - Most Work Completed: 1400 words in 3 Orders , <December 27th 2019> - Most Profit Made: $6.00 , <December 27th 2019> - Most Time Working: 2h , <December 27th 2019> RECORDS OF THE WEEK - Most Work Completed: 1400 words in 3 Orders , <December, 4th Week 2019> - Most Profit Made: $6.00 , <December, 4th Week 2019> - Most Time Working: 2h , <December, 4th Week 2019>

NOTES: *I wont use any data from previous work days. This counts as day one. There is nothing to compare yet. **$6 For 1400 words!? Read my strategy. I am overdelivering to ensure promotions and trust in freelance websites. *** It's time to increase work time. Production over productivity.

Data updated in 12/27/2019

You should check out thumbtack and see if they do lead generation for your field of expertise.

they charge per lead so competition is lower, especially with good copy, a few reviews from friends and family, and leveraging another persons portfolio as your own To get started.

make sure the reviews are done by people whose WiFi you haven’t connected to recently or they will be flagged as spam

 

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[MaxKhalus]

Day 45&46 (Week9)
Worked 4h each day to build my portfolio website. So made 0$ mean while.

Once I'm done, I'll share it here. Iwant this website becuse I may get a lot of visibility after conpleting a few more articles.

 

[MaxKhalus]

Okay,
Day 48 (3rd of Week 9)

$5 in 2.5h. Wrote two articles.

Obviously I made some mistakes. I spent my morning away doing some physical work (out-of-routine event). By the time I went back, I felt drained.

I have lots of stuff to do. If I want to get things done, I need to re-arrange my routine. My dilemma today was this. "Obviously working for +10h sounds like a crazy idea. But if I'm not going to spend such hours at work, what am I supposed to do when not working? I came to a few solutions.

Excuse me while I put things in place...

 

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[MaxKhalus]

Now Day 50 (End Of Week 9)
Nothing.
Put no time at work. $0. I know what's the problem and how to fix it, but I still don't know where it comes from. In a few words, I started doing a lot of stuff after I hit $30+ a day, got distracted, and didn't have energy left to push things through. I'll see what things I can sacrifice to stay focused more easily.

 

[MaxKhalus]

Day 52 (2nd of Week10)
0$, 6h put on web design coding. It's taking form and will be ready soon. I'm starting to feel proud of this!

 

[MaxKhalus]

Day 54 (4th of Week 10)

Worked 5h, made $30 from 2K words, and worked on the website design. Never felt better.
Sorry for keeping things overly simple. Once I'm done with the site, I can focus fully on my clients. That's when you'll see the grid report I used before.

Also, I'll attach my Trello and a Google Sheet tracker. You'll see everything that was going on since Day 1 in one page. Why the hell didn't I do this before?

 

[MaxKhalus]

Day 54 (End Of Week 10)

Worked 3.5h, earned 30$ in 2K words, working on the website now.

 

[MaxKhalus]

Day 55, (1st of Week 11)
Made 0$, chosed to work on the website instead of making 30$.

I made stellar progress. All the images are ready. There's only left a few fixes for copy, theme, scripting, and some blunders. At least invested 5h today.

 

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[MaxKhalus]

Day 58 (3rd of Week 11)
I've worked 3.5h on the website. I didn't earn anything today but got 3x$30 requests and I'll start with them these next days. My priority is completing the website.

 

[MaxKhalus]

The systems are ready!

My To-Do lists on a yearly basis:

War Map

Dashboard 2020 War Map Dashboard Jan,Feb,Mar,Apr 1,2,3,4,5,1,2,3,4,5,1,2,3,4,5,1,2,3,4,5 6,7,8,9,10,6,7,8,9,10,6,7,8,9,10,6,7,8,9,10 11,12,13,14,15,11,12,13,14,15,11,12,13,14,15,11,12,13,14,15 16,17,18,19,20,16,17,18,19,20,16,17,18,19,20,16,17,18,19,20 21,22,23,24,25,21,22,23,24,25,21,22,23,24,2...

docs.google.com

My 100UI Time tracking experiment:

100U Time

30min Record 100 Units Of Time Challenge Week 1,0:00,1:00,2:00,3:00,4:00,5:00,6:00,7:00,8:00,9:00,10:00,11:00,12:00,13:00,14:00,15:00,16:00,17:00,18:00 Monday,sleep,sleep,sleep,sleep,sleep,sleep,sleep,sleep,sleep,sleep,sleep,wkp tasks,urgent 2/23/2020,sleep,sleep,sleep,sleep,sleep,sleep,sleep,sleep

docs.google.com

My Energy Monitoring Sheet:

Health Tracking Sheet

Dashboard (2020) Health tracking sheet

docs.google.com

My Business Metrics... What I started sharing at day 1, and will do from now on:

Cash Flow Tracking

MyMoney CALCULATING MONEY Wednesdays,BANK,PAYPAL,FREELANCE HOLD,BINANCE,CURRENT TOTAL,EXPENSES,GRAND TOTAL,BORROWED,Observations March 14, ,€13.69,€1,858.14,€376.20,€150.00,€2,398.03,€400.00,€1,998.03,€1,250.00,- Turn off auto-payments - Get rid of 18€ commission fees March 17, ,€13.69,€1,824.00...

docs.google.com

+Full Overview on Trello (discontinuous):

Trello

Organize anything, together. Trello is a collaboration tool that organizes your projects into boards. In one glance, know what's being worked on, who's working on what, and where something is in a process.

trello.com

Hello, Monday

 

[MaxKhalus]

 

[MaxKhalus]

In day 61, (1st of Week 12) I moved to another place and had no wifi for 24h. Made zero work.

 

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[MaxKhalus]

 

[MaxKhalus]

View attachment 30779

Since I didnt make any money (and work time) today, I should add a note of things that happened today.



- Have one pending article, worth $23 for 2-3h. I moved it for tomorrow.
- My website is almost ready, but needs time to enable the domain. Waiting gets on my nerves. Expect 24-72h at most.
- One client messages me for a big project (affiliate reviews website). I've put him on hold until I finish the last two tasks.
- I'm tracking my time every 30h for a week. By Sunday-monday, I could give you an overview.

See everyone tomorrow.

 

[MaxKhalus]

 

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[MaxKhalus]

Today spent my time completing the website. Fixed all the technical problems and completed the design for 8 of 10 pages. Didn't pay attention to writing/making money at all.

 

[MaxKhalus]

Just an idea based on this...



You could easily look into web design.

Combine your writing skills with some basic web skills and you got a way more valuable offer (imo). It is hard to get over 1k for writing but with a website that is a lower price.

It isn't hard to learn how to build a website in a week or two and you can at least start to offer it as an upsell. You seem to be working hard and I think a small tweak like this could get you much better results.

At least half of making a website is writing based - the copy, the client emails, the selling process.
The coding part is only a small section and is getting easier to learn all the time.

Also, it lines up well with your end goal of Saas.

Hey Fox, does this have to do with what you were saying? If so, all that's left is finding those clients. Who knows how (I will anyway). Share with me what you think / I may do next.

 

[MaxKhalus]

 

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[MaxKhalus]

(Posted Twice)