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This may become the biggest comeback story in FLF history or so I hope.
It has been almost 12 years since I joined this forum and I have been a wantrepreneur in all those years. I started multiple businesses but none that had any major success over longer periods.
I would say the main reasons can be boiled down to:
1. business ideas where I had no value skew
2. giving up way too easily
3. mental barriers (no fundamental belief that I can make it happen, not doing stuff that I knew I needed to do but disliked doing e.g. cold calling, hiring, taking risks with costly orders etc. )
In this progress thread, I will address all 3 of these.
1. I have a value skew for a proven business idea. I also have a unique differentiation that is pretty much not possible to be copied by the competition.
2. well after 12 years around I still haven't given up on the idea of the Fastlane, this business idea I will execute until I get 1000 no's
3. I have a system in place that shall help me stay in a winning mental state, however, if that isn't the case I will get professional help
I burned the boats. I have about 6 months left (financially speaking) to make this happen before I have to go back into slave labor.
The business idea:
I solved a big problem (it's a multi-billion dollar market) for myself in a unique way that I can teach others. I won't go into details concerning what market and problem I am talking about at the time being.
I don't expect to serve are large portion of the market as there are multiple ways to solve the problem for the market and not everybody will be interested in my approach.
The plan is to create an online course (actually more than one) and advertise it via paid traffic. I am also willing to offer 1 on 1 coaching at a decent hourly rate as an upsell to the course to increase my Lifetime Customer Value. But this would only be a short-term solution (as it doesn't scale) in case the cost per acquired customer is too high to make a profit just by selling the online course in and of itself. This is a simple and fast way to get started. Building an organic audience and other activities will be saved for later.
At the time being my goal is to:
1. build a useful online course and
2. use paid traffic (and scale the paid traffic if it works)
Week 1: Goals
1. Decide on what sub-niche to target
2. Decide on what lead magnet to use
3. Finish formulating my unique value proposition
4. Finish creating a Personal Brand Story
5. Decide whether to create a small low priced online course first to get started faster or whether to create a higher-priced comprehensive online course right away (the smaller course would solve a part of the problem, the idea is to prove to customers that I can provide value to them as they get some results and than to upsell the comprehensive course that solves the problem entirely to the happy customers of the first, smaller course.... I guess I have to research typical sales funnels for medium-priced online courses)
6. Get to know GoalSumo.com & create the vision and goals/sub-goals for this business idea
Why follow this thread? If I can enter the Fastlane after 12 years of failure you can do it too and faster!
Let's go!
It has been almost 12 years since I joined this forum and I have been a wantrepreneur in all those years. I started multiple businesses but none that had any major success over longer periods.
I would say the main reasons can be boiled down to:
1. business ideas where I had no value skew
2. giving up way too easily
3. mental barriers (no fundamental belief that I can make it happen, not doing stuff that I knew I needed to do but disliked doing e.g. cold calling, hiring, taking risks with costly orders etc. )
In this progress thread, I will address all 3 of these.
1. I have a value skew for a proven business idea. I also have a unique differentiation that is pretty much not possible to be copied by the competition.
2. well after 12 years around I still haven't given up on the idea of the Fastlane, this business idea I will execute until I get 1000 no's
3. I have a system in place that shall help me stay in a winning mental state, however, if that isn't the case I will get professional help
I burned the boats. I have about 6 months left (financially speaking) to make this happen before I have to go back into slave labor.
The business idea:
I solved a big problem (it's a multi-billion dollar market) for myself in a unique way that I can teach others. I won't go into details concerning what market and problem I am talking about at the time being.
I don't expect to serve are large portion of the market as there are multiple ways to solve the problem for the market and not everybody will be interested in my approach.
The plan is to create an online course (actually more than one) and advertise it via paid traffic. I am also willing to offer 1 on 1 coaching at a decent hourly rate as an upsell to the course to increase my Lifetime Customer Value. But this would only be a short-term solution (as it doesn't scale) in case the cost per acquired customer is too high to make a profit just by selling the online course in and of itself. This is a simple and fast way to get started. Building an organic audience and other activities will be saved for later.
At the time being my goal is to:
1. build a useful online course and
2. use paid traffic (and scale the paid traffic if it works)
Week 1: Goals
1. Decide on what sub-niche to target
2. Decide on what lead magnet to use
3. Finish formulating my unique value proposition
4. Finish creating a Personal Brand Story
5. Decide whether to create a small low priced online course first to get started faster or whether to create a higher-priced comprehensive online course right away (the smaller course would solve a part of the problem, the idea is to prove to customers that I can provide value to them as they get some results and than to upsell the comprehensive course that solves the problem entirely to the happy customers of the first, smaller course.... I guess I have to research typical sales funnels for medium-priced online courses)
6. Get to know GoalSumo.com & create the vision and goals/sub-goals for this business idea
Why follow this thread? If I can enter the Fastlane after 12 years of failure you can do it too and faster!
Let's go!
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epf nezci O'n qsukidvoph e cov.. jeje.
