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Fastlane Methods to get Money Now?

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MakeMoreMoves

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So I started an ecommerce shop and spent a great deal of money and talked about it in the Insiders, but not making any money at all so starting a new product for development, but what I learned that ecommercce and building your own brand is the most arbitrary thing ever, no guarantee.

Currently, emailing back and forth with manufacturer and saving up for production if I end up getting a positive response from the market that the product is good. This could be close to another 6 months or more. I am just fed up that for the next several months or maybe even close to a year, I will be making absolutely NO MONEY, banking on something that is also a NO GUARANTEE. So worse case scenario is that failure, happens again and spend tons of time and money and then all goes to shit. I know a lot of people say failure is a good thing, but REALISTICALLY it is not at all, based on my experience. Please note: I do learn from failures.

Every failure I have, sets me back dramatically in terms of time frame, since my income is only dependent on my day job.

Is there any other methods to make money or get a return on investment now besides slowlane? Briefly, looked at freelancing and that option seems to be even worse than slowlane. You gotta be both salesman and good at particular craft. Skills have been devalued completely due to oversea workers on fiverr and upwork.

I have no money to start any other venture unless I sell all my investments, but that is the only thing that is actually giving me positive cash flow, but growth is dependent on job income.

How do I make money now without slowlane. I can't stay stagnant or bank on ecommerce anymore. Last Resort is two full time Slowlane jobs and pretty much destorying my entire 20's. Have not enjoyed a wick of life because business is paycheck to paycheck.

Venture I wanted to take was real estate renting, but seeing how it is just about the worst time to get a mortgage.
 

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RobD88

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So I started an ecommerce shop and spent a great deal of money and talked about it in the Insiders, but not making any money at all so starting a new product for development, but what I learned that ecommercce and building your own brand is the most arbitrary thing ever, no guarantee.

Currently, emailing back and forth with manufacturer and saving up for production if I end up getting a positive response from the market that the product is good. This could be close to another 6 months or more. I am just fed up that for the next several months or maybe even close to a year, I will be making absolutely NO MONEY, banking on something that is also a NO GUARANTEE. So worse case scenario is that failure, happens again and spend tons of time and money and then all goes to sh*t. I know a lot of people say failure is a good thing, but REALISTICALLY it is not at all, based on my experience. Please note: I do learn from failures.

Every failure I have, sets me back dramatically in terms of time frame, since my income is only dependent on my day job.

Is there any other methods to make money or get a return on investment now besides slowlane? Briefly, looked at freelancing and that option seems to be even worse than slowlane. You gotta be both salesman and good at particular craft. Skills have been devalued completely due to oversea workers on fiverr and upwork.

I have no money to start any other venture unless I sell all my investments, but that is the only thing that is actually giving me positive cash flow, but growth is dependent on job income.

How do I make money now without slowlane. I can't stay stagnant or bank on ecommerce anymore. Last Resort is two full time Slowlane jobs and pretty much destorying my entire 20's. Have not enjoyed a wick of life because business is paycheck to paycheck.

Venture I wanted to take was real estate renting, but seeing how it is just about the worst time to get a mortgage.

Without trying to sound all mystic shakra guru on you what is really frustrating you is your perception of your situation. You started a business, it failed, you're not making money in the fast lane. There doesn't seem to be any light at the end of the tunnel. You're stuck in the slow lane.

Or...Wow! I started a business. I did that, me. I accomplished more than a lot of wanna be entrepreneurs do in a lifetime. It failed. Okay I learned about the things that didn't work. Now let's try something that I think will.

Seriously, most businesses fail. Many entrepreneurs sink everything they have into something only to never see a return. They risk everything for the one big hit. That's what makes us entrepreneurs...we have a higher tolerance for risk than most.

You are lucky in the fact that you have your day job to fall back on. Success will happen. Dust yourself off, move forward and keep trying. Look at your situation through different eyes. Change your mindset.

Now to answer your question on making money now/fast...try flipping used items. There are plenty of threads on here with great strategies on how to do it. I read one yesterday where a guy turned $500 into $13K in a matter or months.
 

aminmo

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I apologize if I'm reading your thread wrong, but it seems like what you're doing is getting a product manufactured first, THEN testing it to see if there's a market / positive reception for it.

To me, that seems a bit a$$ backwards. I mean, I'm sure there are a lot of people on this forum who've found success that way, but how about trying it the opposite way? And by this I mean, testing a buncha products to see what sticks. Then, once you've found a winner, go to your manufacturer and get a better version made.

My experience is mostly in dropshipping Chinese products so far (when it comes to eCommerce), and from what I've found, there are a TON of products that sell well, but most of them are really shitty (since they're made in China). For instance, one of my older best sellers is a cheap product made of nylon and plastic. The plastic on this product is REALLY cheap and it's actually a huge detriment to the product itself (since if it fails, it could potentially end up costing someone their life).

So what I did was I took that product and improved upon where it was lacking (my customers literally emailed me and told me what they didn't like about the product). I was lucky enough to find a manufacturer in China who could improve upon all the aspects that I needed to fix, and I was able to come out with a better version which now sells like hotcakes.

Basically, what I'm getting at is: Don't invest all that time and money into manufacturing a product. Instead, invest a little bit of money to test a buncha products and see which one sticks (you can do this easily with AliExpress and Oberlo). If you find one, then sell it for a little while and wait for the response. Your customers will literally tell you what they don't like about it and what you can do to improve it. Then, take that information create a new product, and build an actual brand around the new version of that product.

That's just my 2 cents though. Like I said, my only experience thus far in terms of eCommerce is in dropshipping Chinese products -- which I've had quite a bit of success with -- but like everything you read on the Internet, take my advice with a grain of salt.
 
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MakeMoreMoves

MakeMoreMoves

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I apologize if I'm reading your thread wrong, but it seems like what you're doing is getting a product manufactured first, THEN testing it to see if there's a market / positive reception for it.

To me, that seems a bit a$$ backwards. I mean, I'm sure there are a lot of people on this forum who've found success that way, but how about trying it the opposite way? And by this I mean, testing a buncha products to see what sticks. Then, once you've found a winner, go to your manufacturer and get a better version made.

My experience is mostly in dropshipping Chinese products so far (when it comes to eCommerce), and from what I've found, there are a TON of products that sell well, but most of them are really shitty (since they're made in China). For instance, one of my older best sellers is a cheap product made of nylon and plastic. The plastic on this product is REALLY cheap and it's actually a huge detriment to the product itself (since if it fails, it could potentially end up costing someone their life).

So what I did was I took that product and improved upon where it was lacking (my customers literally emailed me and told me what they didn't like about the product). I was lucky enough to find a manufacturer in China who could improve upon all the aspects that I needed to fix, and I was able to come out with a better version which now sells like hotcakes.

Basically, what I'm getting at is: Don't invest all that time and money into manufacturing a product. Instead, invest a little bit of money to test a buncha products and see which one sticks (you can do this easily with AliExpress and Oberlo). If you find one, then sell it for a little while and wait for the response. Your customers will literally tell you what they don't like about it and what you can do to improve it. Then, take that information create a new product, and build an actual brand around the new version of that product.

That's just my 2 cents though. Like I said, my only experience thus far in terms of eCommerce is in dropshipping Chinese products -- which I've had quite a bit of success with -- but like everything you read on the Internet, take my advice with a grain of salt.
Was only going to invest in full production if market approves. My product isn’t a template product and too custom to get a decent mock up. Just working on sample being made and using that to test and build waitlist. Thanks for response.
 

Kak

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There are no shortcuts. Entrepreneurship is not for the weak and excuses help nothing.

Get after it and make it happen.
 
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Ross Morgan

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I have a few suggestions if you want to avoid the slowlane:
There may be some cans and/or bottles in the trash can at your local gas station you can recycle. Or flip on Craigslist!
Also, a lemonade stand, but if you are in California do not give out any straws without asking! Well, on second thought.. don't start a lemonade stand in CA...
P.S. why focus on anything but the main biz?
 
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Longinus

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Is there any other methods to make money or get a return on investment now besides slowlane? Briefly, looked at freelancing and that option seems to be even worse than slowlane. You gotta be both salesman and good at particular craft. Skills have been devalued completely due to oversea workers on fiverr and upwork.
I know freelancers that get paid +$10k/month, so what you're saying is wrong.

I'll even tell you that there are some freelancers like that on this forum and they wrote a "how to" guide for you. You just need to put in the work and get out of your comfort zone.

A few years ago I never thought freelance work was something for me, because it was not fastlane! Now it's freelance work that made me quit my day job and make more money to invest in my fastlane business.

If you don't want to do the dirty work, don't even dream about owning a fastlane business.
 

Xeon

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Was only going to invest in full production if market approves. My product isn’t a template product and too custom to get a decent mock up. Just working on sample being made and using that to test and build waitlist. Thanks for response.
Possible to create a realistic render by hiring a 3D modeler on upwork, then use the Tim Ferris technique where you build a landing product page with images of that 3D mockup with a Add to Cart/Buy button, then run FB/IG ads and drive them to that landing page, and track whether visitors clicked the Buy button.

And if they really do click it, they'll be redirected to a Out of Stock page where you'll collect their email and notify them when the product is "back in stock". Maybe this will be cheaper and much than having a real sample made, but it depends on your product. With samples, you need shipping time to and fro and it drags the process more.
This way, you can validate before you even do the sample.

Or you can try getting people's opinions on pickfu.com. I found it very valuable for market research.
 

Greg R

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There are no shortcuts. Entrepreneurship is not for the weak and excuses help nothing.

Get after it and make it happen.
The funny thing is that most people won't listen to this advice because it is not what they want to hear.

Even if it came from a guy who has started multiple successful businesses in different industries.

To the OP, if you haven't already you should read this thread by @Kak

Ask Me Anything - What I would do if I started today... And Why...

and

GOLD - Where I have been this time... and why I'm famous at Wells Fargo

once you do, let me know how your thought process has changed.

Spoiler Alert: You're thinking to small.
 

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Andy Black

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Sounds like you’re defeating yourself before you’ve started?

Could someone out there be starting a profitable real estate business in Feb-2018?

Could someone out there be starting a freelancing business with designs on making it Fastlane?

Could someone out there be starting an eCommerce business where they evaluate what sells in under 6 months?


“Whether you think you can or think you can’t, you’re right.” (Henry Ford)


Me? I went the freelancer path. Now I have automated monthly revenue from a few clients. No, it’s not “passive”, but some of it is pretty low-touch. It’s turned into a subscription type of business, and is moving towards a platform and SaaS.


You asked (I think) how you can determine in under 6 months whether something will sell?

If you didn’t ask that, then maybe you *could* ask yourself that?

There’s a big difference between How! and How?

May I humbly direct you to this thread:
 

Vigilante

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The funny thing is that most people won't listen to this advice because it is not what they want to hear.

Even if it came from a guy who has started multiple successful businesses in different industries.

To the OP, if you haven't already you should read this thread by @Kak

Ask Me Anything - What I would do if I started today... And Why...

and

GOLD - Where I have been this time... and why I'm famous at Wells Fargo

once you do, let me know how your thought process has changed.

Spoiler Alert: You're thinking to small.
His Wells-Fargo thread is literally Fastlane archive gold and fortunately for me as a friend of his I got a front row seat to watch that one play out.
 

cmor16

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As evidenced in this thread Notable! - Zero sales, not enough $ to move out from parents you are still fixated on money. The fastest way to make money is through a job. Guaranteed to make money in 2 weeks or less.

Your thread title is puzzling. What is a Fastlane method? If you've read the books and the many threads on this forum, you'd know that Fastlane is not a thing you can have or start. It's a mindset. A mindset that opens you up to process, not events, and puts you on a path to create something of value in this world. This thing you create, whatever it is, will not yield you a fortune tomorrow, or next week and likely not for years.

If you want to make money fast, you are in the wrong place. Try the casino, or maybe drop a few $K on BTC and see how that works out.
 
Last edited:

Van Halen

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Possible to create a realistic render by hiring a 3D modeler on upwork, then use the Tim Ferris technique where you build a landing product page with images of that 3D mockup with a Add to Cart/Buy button, then run FB/IG ads and drive them to that landing page, and track whether visitors clicked the Buy button.

And if they really do click it, they'll be redirected to a Out of Stock page where you'll collect their email and notify them when the product is "back in stock". Maybe this will be cheaper and much than having a real sample made, but it depends on your product. With samples, you need shipping time to and fro and it drags the process more.
This way, you can validate before you even do the sample.

Or you can try getting people's opinions on pickfu.com. I found it very valuable for market research.
This exactly,

See the image below. Its some collectors/elite edition of Sonic Mania that was resleased last year. This image was used on the Amazon listing before the game was released



Look at the cartridge. See it? Its not real. Its a 3D cad model coloured in...

So if Sega of America are doing this,

So should you. (atleast consider it) - via a funnel etc
 

Iammelissamoore

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Entrepreneurship is something we set into for the long haul. When we seek to go into entrepreneurship for the purpose of making money - fast - then, instead of Entrepreneurs, we simply become Money-Chasers, and we know how that goes. Chasing after money only makes it run faster and further away from us, a lot of us have learnt that the hard way.

I adore the principles we discuss daily on this forum, because, while we do have to build our solid foundations and go through a great number of processes, which does take time, it guarantees success when we stick with the principles.

If you think the Fastlane process is too long, don't think the Money-Chasing is any shorter, because from the moment one thing isn't generating enough, you'll be onto the next and the next and the next etc., and before you know it, you would have wasted more time money chasing than fastlaning.

One of the questions a lot of us like to address when approaching a business concept is "why?" Why are we choosing this route, aside from the personal gains later down the road, the genuine contributions, movements and empowerment we bring to society by making and being the empowering change we want to see, asking the "why?" and analysing it fully, helps us to build solid entrepreneurial ideals.

What is your why?
What do you want to change in this world?
What problems you'd love to solve with an empowering product/service?
What existing product/service can be improved to perfect delivery and bring maximum solutions to your prospective clients?

As we learn more and more daily, when we solve our customers needs, help make their lives better, give them the care they deserve or simply provide them with mind-blowing experiences and memories through whichever product/service we bring to them, they'd close their eyes and throw their money our way. Not because we always bring bells and whistles, but because we go the extra mile in ensuring their happiness and at the end of the day, as complex as this world may be, that's basically all we want - to be happy.

Make your customers happy, listen to them, solve the problems the best way your product/service can. Blow their minds, do for them what the others don't want to, differentiate yourself from the crowd - build your success on the genuine happiness of those you serve through your business. That to me is the ultimate win-win scenario.

Just my two cents.

I wish you the best in whichever direction you choose.
 
Last edited:

varifix

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"You gotta be both salesman and good at particular craft."

You have to be kidding me. Freelancing can be extremely lucrative (quickly) but being good at something + being able to sell it is unreasonable for you?

Sorry. I don't like to be the harsh poster on forums, but it sounds like you don't want to put it any work here
 

Trevor Kuntz

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My first business “failed” after six months. It was an ecommerce business selling stuff for raves (light gloves, clothes, micro lights, etc). I realized I was selling products no one actually needed to a market that couldn’t really afford them (15-25 year old ravers). I sold the business for a few hundred (mostly for the software the store was built on) and broke even. I then started my current business using the following three parameters:

Had to be a product people needed, not wanted
Had to be a product that made me excited to wake up in the morning
Had to be a product that helped people

I researched three totally different products for one week each and then just picked the one I wanted to try.

I got my first sale six months later and then it grew from there. Five years later, I do about $40k profit a year. It’s not fastlane but I love it and I make a lot of people happy.

So for where you are now, I have three questions:

Does your current job cover your monthly expenses? If so, how much is leftover that you can save or invest into business? Can you cut any personal monthly expenses to reduce your cost of living?

Is your product something people need or something people want?

How much time do you have in your week that you can use for obtaining secondary/supplemental income?

There is no Fastlane method that will net you a lot of money in a short amount of time, but that doesn’t have to be your goal. My recommendation would be to find one category on Craigslist and start flipping, especially if you live in a metro area. In 2014, while trying to raise money for I exclusively flipped 32 inch to 50 inch 1080p flat screen TVs and Xbox 360 S and E models. I made about $50-120 on each flip and about $400 per week. Not a ton of money, but I just found listings with bad pictures, negotiated down $20-50, reshot pics (always showing that the products were working) and then reposted them on Craigslist.

This is where I would start and just give your business some time but keep working on it. If you give up on a well-researched idea/business after only six months, you will never have enough patience for any of your businesses to get off the ground.




Sent from my iPhone using Tapatalk
 
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MakeMoreMoves

MakeMoreMoves

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"You gotta be both salesman and good at particular craft."

You have to be kidding me. Freelancing can be extremely lucrative (quickly) but being good at something + being able to sell it is unreasonable for you?

Sorry. I don't like to be the harsh poster on forums, but it sounds like you don't want to put it any work here
No, it is just making good use of investment of time/money. For a day job it is just your particular craft. Freelancing like I said is both salesman and craft. But based on the rates people were posting on freelance websites, they weren't good compared to my job. What I am saying is that you are doing 2 jobs for the the same price of one or worse in terms of time/money. I mean I just briefly looked at skills I already had.

What did you do in the end? Where did you get with this?
Forgot I even made this thread. I'll PM You
 

GoGetter24

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But based on the rates people were posting on freelance websites, they weren't good compared to my job. What I am saying is that you are doing 2 jobs for the the same price of one or worse in terms of time/money.
You have to look a bit below the surface on these websites though. Seeing contractees who have average hourly spends aroud $10/hr and who's last job reviews are from Sandeep and Rajesh, is demoralizing. But there are guys on there getting and paying high rates too. You can do search filters to find them and check out what sets them apart.
 

NadiaZ

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So I started an ecommerce shop and spent a great deal of money and talked about it in the Insiders, but not making any money at all so starting a new product for development, but what I learned that ecommercce and building your own brand is the most arbitrary thing ever, no guarantee.

Currently, emailing back and forth with manufacturer and saving up for production if I end up getting a positive response from the market that the product is good. This could be close to another 6 months or more. I am just fed up that for the next several months or maybe even close to a year, I will be making absolutely NO MONEY, banking on something that is also a NO GUARANTEE. So worse case scenario is that failure, happens again and spend tons of time and money and then all goes to sh*t. I know a lot of people say failure is a good thing, but REALISTICALLY it is not at all, based on my experience. Please note: I do learn from failures.

Every failure I have, sets me back dramatically in terms of time frame, since my income is only dependent on my day job.

Is there any other methods to make money or get a return on investment now besides slowlane? Briefly, looked at freelancing and that option seems to be even worse than slowlane. You gotta be both salesman and good at particular craft. Skills have been devalued completely due to oversea workers on fiverr and upwork.

I have no money to start any other venture unless I sell all my investments, but that is the only thing that is actually giving me positive cash flow, but growth is dependent on job income.

How do I make money now without slowlane. I can't stay stagnant or bank on ecommerce anymore. Last Resort is two full time Slowlane jobs and pretty much destorying my entire 20's. Have not enjoyed a wick of life because business is paycheck to paycheck.

Venture I wanted to take was real estate renting, but seeing how it is just about the worst time to get a mortgage.
If you want somewhat immediate money, start reselling stuff on Craigslist or do freelance work on Fiverr in the mean time. A lot of people on here do slow lane stuff to fund their fast lane ventures.

You've learned a ton from one business. Use all of that knowledge for your next one.
 

Fastlane Liam

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Entrepreneurship is something we set into for the long haul. When we seek to go into entrepreneurship for the purpose of making money - fast - then, instead of Entrepreneurs, we simply become Money-Chasers, and we know how that goes. Chasing after money only makes it run faster and further away from us, a lot of us have learnt that the hard way.

I adore the principles we discuss daily on this forum, because, while we do have to build our solid foundations and go through a great number of processes, which does take time, it guarantees success when we stick with the principles.

If you think the Fastlane process is too long, don't think the Money-Chasing is any shorter, because from the moment one thing isn't generating enough, you'll be onto the next and the next and the next etc., and before you know it, you would have wasted more time money chasing than fastlaning.

One of the questions a lot of us like to address when approaching a business concept is "why?" Why are we choosing this route, aside from the personal gains later down the road, the genuine contributions, movements and empowerment we bring to society by making and being the empowering change we want to see, asking the "why?" and analysing it fully, helps us to build solid entrepreneurial ideals.

What is your why?
What do you want to change in this world?
What problems you'd love to solve with an empowering product/service?
What existing product/service can be improved to perfect delivery and bring maximum solutions to your prospective clients?

As we learn more and more daily, when we solve our customers needs, help make their lives better, give them the care they deserve or simply provide them with mind-blowing experiences and memories through whichever product/service we bring to them, they'd close their eyes and throw their money our way. Not because we always bring bells and whistles, but because we go the extra mile in ensuring their happiness and at the end of the day, as complex as this world may be, that's basically all we want - to be happy.

Make your customers happy, listen to them, solve the problems the best way your product/service can. Blow their minds, do for them what the others don't want to, differentiate yourself from the crowd - build your success on the genuine happiness of those you serve through your business. That to me is the ultimate win-win scenario.

Just my two cents.

I wish you the best in whichever direction you choose.
This is an epic reply, I need to think about this alot
 

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