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Discussion in 'Business Models, Niches, Industries' started by AndrewNC, Aug 8, 2017.

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  1. AndrewNC
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    AndrewNC Limitless Read The Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass LEGENDARY CONTRIBUTOR

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    Hey all,

    In the upcoming month, I'll be starting a thread on here with the intent to solve the problem once and for all: To help any newbies here in finding their first business idea.

    This is a common problem for a lot of people who join this forum, and by having a centralized area for information: It can help speed up the process of newer fastlaners in getting their business up and running.

    I see a lot of people still jumping from idea to idea, lost and confused, and all the logical advice of "just stick with one thing, add value" is great advice, but I want to hammer down this issue to it's core - and make it so trying to find a business idea is a distant thing of the past, and anybody could do it within a very quick amount of time - so they don't waste years walking down the wrong path.

    Instead of including information in the article about simply my experiences, I want to make sure the actual content is content that creates the changes in the other people who are reading on the other side.

    A little bit about my background:

    Over the past six years, I've sold many products and services: Anything from glow in the dark dog collars on amazon, udemy courses on motivation and spirituality, video training courses on personal development, service-based businesses, and a collection of digital magazine apps which turned into my first successful business.

    On top of that, I've helped dozens of fastlaners, and hundreds of entrepreneurs choose which type of business works best for them. So I have a good idea of what the general sticking points are and how to get you on track. The purpose of my offer now is to narrow down the final sticking points.

    Who this is for:
    1. You actually want to start a business and understand it'll take years to build.
    2. You're still looking for a business idea or product to sell.

    Other information:
    1. Since the purpose of this for me is turn this content into a text-based written article for this forum, all communication will be done either by posting your questions or current struggles on this thread, and/ or through Private Message with the title Selecting a Business to Start. Due to my busy schedule, I won't have time to talk to people in detail on Skype or through back-and-forth emails or anything like that.
     
  2. Chinobey
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    Chinobey Contributor Read The Millionaire Fastlane

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    Sounds like this could be very valuable for me ive been jumping from idea to idea for months im not quite ready to start building a business yet but will be in the coming weeks and am struggling to find an idea to start with.
     
  3. AndrewNC
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    AndrewNC Limitless Read The Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass LEGENDARY CONTRIBUTOR

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    The purpose for jumping from idea to idea stems from your purpose for starting your business.

    There are three levels of serving your purpose as the business owner.

    1. Does it benefit me.
    2. Does it benefit the customer.
    3. Does it benefit the market as a whole.

    When I read the millionaire fastlane, I heard about the lifestyle MJ lives (along with the other business owners having success out there), and I wanted the life they live. I wanted to quit my job, I wanted to travel, I wanted the nice cars, I wanted to make $10,000 per month. I'm sure you read a lot that this is a bad way to view things.

    I disagree.

    As far as the motivation that drives what you do, this is great. We need some type of fuel to light the fire, and if quitting your dreaded job or if the desire to travel through southeast asia is what moves you, this is great. That covers level 1.

    That's what moves you, but it should never be your purpose.

    Let's say the purpose of your business is to "make money"; there are countless ways to start your business, and if something is much more appealing, you'll be jumping onto the next thing because you see it working for something else.

    The solution: Is to shift the focus away from the money (it's motivation, not your purpose), and towards solving a specific issue in the marketplace.

    For years on end, people asked me what do I do.

    "Well, I have an internet business, I sell stuff, and I travel." It's vague, and it's not a clear intent. I could jump ship from my apps to amazon sales and it will still fulfill my purpose.

    There's a great TED talk from the guy who wrote Start with Why.

    WHY do you do what you do?
    WHAT do you do?
    HOW do you do it?

    For my book on happiness/emotional balance:

    WHY -
    I once spent an entire winter in and out of doctors offices due to an unnecessary buildup of stress. After being prescribed dangerous medications, I went out and found a natural solution. Looking back, after finding this natural solution, I see people are unnecessarily struggling through things that are so easy to solve.

    WHAT - "I help people break remove the emotional struggles they face; so they too can live an emotionally balanced and happy life."

    The motto "Regardless of how chaotic and stressful life is on the outside; you are always in control of how you feel on the inside."

    HOW - At this point, the HOW doesn't even matter for the customers. The purpose is to make them emotionally balanced and happy. I wrote a book that will teach you what I learned. I offer consulting sessions to remove an unhealthy buildup of stress and anxiety.

    My purpose for this product is the WHAT.

    Let's say the book made a few hundred sales since I released it in February. Somewhere around $1,000.

    Guess what?

    If @Scot makes a new thread talking about how he found this new hot things where he is raking in $40,000 per month selling ribbons that go on the tails of dogs, sold through Facebook ads....

    If my purpose was to make money - I'm jumping ship and following his way to make money.

    But instead, my purpose is to remove the emotional struggle from people's lives. All of a sudden, the money I see other people making doesn't even matter. Because when your purpose is about the thing you build, the problem you solve....your WHY is strong enough at your core, the WHAT is what you do, the why is the glue that keeps you holding in place despite any outside forces trying to pull you away.

    There's no such thing as a business idea.

    I despise the phrase. But guess what...I used it in my title because I know how to speak to the people who are struggling with this problem.

    There is no such thing as a business idea.

    There is a problem you solve for the world, or something you create for the market.

    So when you shift the focus away from "finding ideas", you CREATE what you want to solve and contribute to the world. After you do this, there are a string of questions to ask yourself to make sure it will turn your idea into something that will be well-received by the market and be able to turn into a business where people hand you money in return.
     
  4. AndrewNC
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    AndrewNC Limitless Read The Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass LEGENDARY CONTRIBUTOR

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    Let's build on this....

    The analogy I like to use is building sand castles at a beach.

    The amount of energy you put into something is the amount of energy your final creation has.

    You want the big sand castle (big business).

    You put down a few buckets of sand and see someone down the beach with a big sand castle. "Oh shoot, they chose the right spot, I don't have my big sand castle, so I go find a place near then and put down a few buckets of sand.

    You see an even bigger sand castle down the beach.

    You move down further and start over again.

    All of a sudden, you have 100 piles of sand all across the beach, none of them reaching the threshold point of where your efforts begin to pay off.

    There is a certain threshold.

    In business, you work, you work, you work, you work and no results.

    Most people give up before they reach this threshold and jump to a new thing.

    But let's say your sand castle is 80% built, but you don't see it being done because you give up...Each and every time you walk down the beach and try to build something new, you're starting with 0 energy put into it, while the thing you left before has a lot of energy already built....but you just didn't cross that threshold to start being successful with it.

    So while most people jump from idea to idea to idea...

    You have your WHY (the glue) that keeps you where you are in the beach, and you know WHAT you are doing...building this ONE gigantic sandcastle...while everyone else keeps running around like kids on a beach with their neon colored buckets.
     
  5. Chinobey
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    Thanks for this reply! This is a lot to think about i understood what you meant about there is no such thing as a 'business idea' rather there is a problem that needs a solution, so when i say i have been looking for that 'business idea' i also meant i have been looking for a problem that needs solving, i am sure i will find one or stumble upon one eventually.
     
  6. Mainstream7
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    The sandcastle analogy is great. I still think switching sandcastles in the beginning is ok, because you will stick with your castle for decades! Why continue building a castle that you don´t like?
    Hope you can help some people find their castle on first try!
     
  7. AndrewNC
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    AndrewNC Limitless Read The Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass LEGENDARY CONTRIBUTOR

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    What problems have you overcome in your life? Problems you see other people having?

    Solve problems you overcome.
    For example, years ago I used to struggle from procrastination and laziness. It took a toll on my fitness, my income, my desire to go out and get relationships, and it was a struggle. So eventually I self-educated in psychology and human behavior and created a video course breaking down every aspect about why we procrastinate, and deconstructed the solution to help fix the problem in people's lives. I shared the information with others and put it up on udemy, and it's been making sales for years.

    Years ago after my first business took off, I recorded my experience building my first business (the common struggles I faced and how I went through them) and created a video program for that too - sold it on this forum (since then I've took the marketplace ad down because some of the platforms I referenced are outdated).

    Now - I help remove mental/emotional struggles for people struggling with things such as stress, anxiety, overwhelm, and people pay me thousands of dollars for 3-month consulting programs. I did this because (like my happiness book thing in the last post), this was a problem I went through and solved.

    Dont' find an idea, but find a marketing outlet.
    My first business was digital magazines. I found this business idea because:

    1. People were already buying it.
    2. I found a way to reach millions of people with a very easy way to market my magazines.

    So the key to success in this 'business idea' was to find something others were selling, create a different version of it (niche magazines), and promote it. No genius idea here, and it has over a million readers.

    You can do data/market research on google adwords or amazon to find out what products and markets are underserved, reading problems people have with existing products.

    Find people around you who struggle with something.
    My sister bought a new car the other day.

    She told me how our parents were livid about it....she can barely pay her bills, maxes out her credit cards, and declared bankruptcy 10 years ago. She can't afford it, she doesn't need it, but she buys it.

    Through my previous self-education in human behavior (mental/emotional attachments,etc.) I understand the root cause of compulsive buying and I'm able to get to the root cause of the behavior (not buying the car, not buying the pool for her house, not buying clothes on impulse), it's the emotional attachment to buying...

    ^Years ago, I didn't know how to solve it, so even if you don't know how to solve a problem, you go out searching for solutions, and that's part of the journey.

    So looking at the problem my sister has, along with millions of other people with compulsive spending addictions...

    That could be a business model in itself.

    The same applies for compulsive gambling.

    Don't go out looking...but simply begin to notice the struggles and frustrations that are already here.
     
  8. AndrewNC
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    AndrewNC Limitless Read The Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass LEGENDARY CONTRIBUTOR

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    So true!

    A lot of times while building our first business, the more important thing is learning the skills, so even if the business ends up not being the big business, you'll learn how to build the sandcastle...business.

    Perhaps you master the art of paid traffic on facebook?
    If you can rank one thing on amazon, you can rank another thing on amazon?

    Shifting the purpose from building the business alone to learning the skills that can apply to any business, allows people to start building when they don't have the 100% faith that their idea will pay off.

    Screen Shot 2017-08-08 at 1.05.51 PM.png
    The image above is the neurological levels of transformation.

    One of our deepest drivers of human behavior is our unconscious VALUES.

    "What's important to you in the relationship you are in and the person you want to marry?"

    I want to date a girl who is into growing herself as a person, enjoys outdoor activities, spending time together, new adventures, and learning new things as we grow together.

    I might date the girl dancing on the top of the tables at a bar drinking straight out of the whiskey body....but she's not who I'm going to spend my life with.

    So if you realllyyyy want to make sure you get it right the first time, it's important to understand what your values are.

    How to find out what you like at your deepest level (sounds like you figured this out, but for anyone else who is still struggling).

    Step 1 - What is important to you in the business you start (list 20 things and don't stop until you're at 20).

    Freedom to travel (Not a B&M business), it has to help people with health, it has to be a physical product, it has to be a software, etc.

    Step 2 - Out of the 20 listed, what are the top 5, in order...

    "If you could only have one of these, leaving the rest out, which value would it be." This finds your top value. Repeat for top 5

    Step 3 - feedback criteria - how will you know when this value has been fulfilled?

    Passive income - When I get a $2,000 deposit into my bank account from amazon after I didn't work for 2 weeks.
    Physical product - when the manufacturer in china sends the sample or first order and i'm holding it in my hands.

    Etc.

    When you create a business that aligns with your VALUES...you'll know it's something you can commit to.

    As long as there is a market for it...or you learn how to create a market for it....
     
  9. ZeroTo100
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    ZeroTo100 Bronze Contributor Read The Millionaire Fastlane Speedway Pass

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    Hey man,

    Thanks for doing this. I feel like we all go through this stage at points in our life as entrepreneurs whether we are starting new ventures or already have a few under our belts.

    In my case, I've had some success and I've had many failures and when I fail I seem to go on a serious binge where I just shut down and go awol for months and than I catch that bug and come firing back.

    Here are my problems...Don't laugh lol

    A) I have a lot of cash
    B) I have too many ideas
    C) I hate commitment unless I absolutely love something - like marriage
    D) I have serious work ethics and I love to hustle
    E) Not affraid of risk by any means

    Couple of examples of my business experiences...

    Back in the day I ran a nightlife and event marketing business and I made a killing. I had nights where I made $10k - $20k and I worked a full time job on top of that for pension/benefits reasons. I didn't even need this full-time job money, I just did it to satisfy my dad. I saved every penny I made and I shut it down when I got serious with my girlfriend and sold off the businesses assets to some old teammates. I had around a 7 year run.

    When I grew up and got married and settled down, I started looking for business that had given me the same high and fulfillment - I found nothing. This really hurt my search for a long time. I wanted to produce something awesome and provide that experience that people were willing to pay a lot of money for and I really wasn't getting anywhere. I looked and I looked and I just wasn't approaching things the right way. Truthfully, I needed a mentor or a partner.

    I toyed with some ideas and nothing really came to fruition.

    Some time passes by and I had an idea that I was willing to COMMIT to. It was a nutritional subscription box that I had started but instead of a box, we delivered duffle bags loaded with cool fitness gear and supplements. This was in 2013 around the same time loot crate started and we had about the same number of people sign up for our launch as they did there's. People loved the experience and the brand but the numbers just didn't make sense to me. It was a failure. I had everyone from Xyience Energy (UFC brand) to BSN to major supplement players some publically traded involved. I was a solopreneur - no partners. This failure truly destroyed me inside because I really put everything into it - time, stress, money, and work.

    I took some time off again but this time I was ready to call it quits. I was sick over it because there were times where I'd get emails from customers showing love and I just didn't know what to say. I was out of business for a year - nobody felt bad for me why should they? (good thing I kept that day job my dad insisted I keep). Then started going through everything from my Idea log to the inc5000 list, to online broker sites to see what kind of businesses were out there for sale and how I might be able to compete. I was idea hopping and my approach wasn't right...

    One day I said F this. I was overwhelmed and I just kind of wanted an opportunity so I went back home to my roots in NY and started ringing bells of old friends to visit (I live in NJ now). First house I walk into to see my buddy who I haven't seen in a couple years wasn't home - he moved out after medical school but his grandfather was home. I walked in and the house was a disaster. BINGO! Hurricane sandy hit it and he had the first floor gut but never finished up. We literally spoke about a deal right there and I went home, ran my numbers and projections on the market and that was it. I funded the entire project and busted my ass which I only finished in May(I'll do a post with pics on this). I told myself I'm COMMITTING myself to this project the next 7 months because I know the market in my area and I know what this house will be worth. It paid off! We just got an offer and I should profit around $90k.

    From my experiences, I think the problem is more at the core of the individual - in my case at the time it was "can I see myself doing this?" "Will I get tired of it fast?" "Is it fun?" "Can I make a boat load of cash doing it" these are the questions I asked myself. These are all selfish questions as MJ would say and he's right.

    I realize that I should be focused more on opportunity and commitment. The rest will follow! I believe that if you focus on finding opportunity and you're willing to commit to something long term, you can't fail!

    I should get paid on my project in the next 90 days and I'm somewhat confident now and willing to approach things differently with a new business.

    Do you think you can find opportunity or do you think that opportunity finds you? What are your thoughts on my story?

    Also, apologize for the long post.
     
    Last edited: Aug 8, 2017
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  10. Camilo Ardiles
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    Camilo Ardiles Contributor Read The Millionaire Fastlane I've Read UNSCRIPTED

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    This is really really good thanks for sharing!
     
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    Hi Andrew

    Interesting thread, this is definitely a pain point in the entrepreneurial community, but a very difficult one to solve in my opinion.

    I think most of us who are new to business and have read TMF and unscripted understand that the only way to succeed in business is by adding value in some way, but understanding how to add value is really difficult.

    The advice that a lot of people will give is to do something you're already good at. If you work for a copywriting agency for example, it's likely that you have the framework in place to start your own copywriting agency. Or perhaps like @Joe Cassandra if you have experience in the finance industry, you are equipt to go into copywriting as an expert in the industry to help companies with their copywriting by adding value in a way that a generic copywriter cannot.

    The question is, what approach should someone who does not have this sort of experience take? There are a lot of young guys on this forum who likely have no specialised skills/knowledge to go on whatsoever.

    I work in customer services for a commodity company for example, where solving pain points in the industry is difficult due to the bland nature of the products being sold and the heavy regulation. I'm sure many are in the same situation though, doing a job where there is limited scope to develop a career and start to understand the industry and find problems that can be solved.

    The next logical step then would be to look at hobbies and see whether there are any opportunities to add value to industries where your hobbies lie. Again though, this all depends on what hobbies you have, and whether you think there are problems you can solve. Again I personally don't feel there are any problems I can solve within the industry of my hobbies, and I'm sure there are many like that also.

    I think this leaves many people in a position of being like a leaf in the wind, being blown from one idea to the next, because their desire to add value to an industry is not grounded in experience and understanding of that industry.

    I've been reading an interesting book lately called 'Opportunity identification and entrepreneurship' which is about studying why and how people become successful entrepreneurs. In the first chapter of the book, they reveal that the serial entrepreneurs they looked at (serial being defined as someone having more than one success, so as to weed out people who got lucky once. People who are clearly far removed from the average and achieve extraordinary results) found most of their opportunities in industries they were already working in.

    Finding a business idea for these ultra successful entrepreneurs was a process of using their domain specific knowledge to scan for problems and opportunities. The fact that they had domain specific knowledge allowed them to find pain points easier and put them in a more advantageous position than the average Joe, they leveraged their knowledge and this seems to make a big difference when finding opportunities. They found opportunities, because of their experience, that others could not see.

    Everywhere I look now I seem to be seeing entrepreneurs who were successful after already having worked in the industry that their successful business was built in, rather than just jumping in blindly.

    With the above in mind, it seems difficult and unlikely for someone to go from 0-100 in an industry they have to prior knowledge or understanding of.

    So this leaves a lot of newbies in a predicament with two options:
    1) Do nothing, hope for the big blockbuster idea to come along
    2) Do something, feel unconfident and solve needs poorly

    Option two is the one that seems to be the way forward.

    It's daunting and difficult to just throw yourself into something, and that's why a lot of people (my self included) struggle I think.

    I am personally considering just starting on upwork with my limited skill set that I currently have for online marketing and just helping businesses, and then trying to focus on a specific niche to become known as the go-to guy for online marketing in that niche. My gut feeling is that this approach is overplayed, but I know that logically anyone can come along and take a piece of the market and that domain specific knowledge acquired may take you in a different, more lucrative direction anyway.

    Another suggestion that people seem to make is to just start flipping items. Again I can see how buying and selling fitness equipment (I seem to recall someone on here doing it with bicycles?) for example can naturally progress into an ecommerce store perhaps or gaining an understanding of what your core buyers want and how to launch a business to meet that need.

    Something interesting that I've witnessed recently is an instagram account which I follow about watches. The premise of the account is to post pictures of celebrities wearing watches and identify which watch it is that they're wearing. The owner had recently started posting instagram stories brokering second hand watch sales for luxury watches worth $xx,xxx. He has built an audience interested in these watches, and if he is successfully selling them I bet he is getting a great commission. This guy has probably identified an opportunity for people wanting to sell watches (maybe they're sick of paying high eBay fees) which he wouldn't have seen if he had not started. And he has already done the legwork of building an audience who are interested in what he is selling.

    I'm interested to see what your take is on what I'm saying here Andrew, I'm still not confident that what I am writing in this post is correct as it comes from a position of never having built a successful business.

    I know that a lot of my anxiety and disappointment in myself comes from sitting on the sidelines and not having a business idea, but I feel like just jumping in and hustling might be the best way forward for people in my situation.
     
    Last edited: Aug 9, 2017
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  12. ZeroTo100
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    This is super helpful.
     
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  13. ZeroTo100
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    How many entrepreneurs actually read through their idea log and say hey, I think I'll pick this one?

    What are your thoughts on the decision being more instinct or gut?
     
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  14. gatorgus
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    Terrific thread. I had my F this moment 3 months ago, right before I read Unscripted. Since then I've started keeping a notebook to document potential opportunities to help people that I take with me everywhere. My notebook contains dozens of ideas, but none that I have committed to pursuing so far. I'm eager to get started on something, but am stuck on the direction right now. I'll be following along with this thread closely to see how I might be able to propel myself forward.
     
  15. ZeroTo100
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    I think you're entirely correct with this post. From my experience with having a little success, I really just was interested in the business, I was frustrated (business was in nightlife and I was turned down at the door), so I started emailing everyone on MySpace that I knew in the business and worked for them. Then I left them and started my own business.

    That was the most success I've ever had aside from some RE investments.

    I noticed 2 things about a lot of my failures though after reading through these posts...A) I didn't have the appropriate contacts/network in place to get them going and was too lazy to go after them because I just didn't have that energy about the idea. Maybe it was a good idea but I just didn't feel in my heart strongly enough about making it work. B) I gave up too soon. It wasn't that I wasn't smart enough or didn't know enough about the ideas (they were good ideas) and it wasn't the capital. I think we can all learn when we get to that point but you legit have to feel connected to what you want to do so much so that you stay committed to it.

    Take a look at this thread for starting from nowhere.

    GOLD - No network? No money? No idea? No education? NO PROBLEM!

    I just finished up a RE rehab and now I'm at the point where im looking for what's next. I don't think I ever want to do a Rehab again unless it's my own place. I had everyone involved and busted my butt on it but it was worth the work.

    I think I'm going to embed myself in a market that interest me. Connect with people, maybe start a blog, build a little network and hopefully find some pain points or problems. Maybe I'll look for a partner.

    In terms of investments, I'll keep doing what I'm doing.
     
  16. AndrewNC
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    AndrewNC Limitless Read The Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass LEGENDARY CONTRIBUTOR

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    I hope I understand your questions correctly. You listed a bunch of problems, but I don't really see a problem at all. Things have happened in the past, you learned from them and you're working on an opportunity right now.

    I have a belief that when you set your intent on something, opportunities come to you.

    I was listening to an @Andy Black recording with one of the members on sales. He said when he wanted someone to work with (I think a designer or someone to mentor or something), he notices how people just message him at just the right time. I feel that when you decide exactly what you want to do, your awareness opens up and you are more receptive to noticing the opportunities and putting the pieces together.

    When I decided I wanted to do an NLP video training, a few days later, someone messaged me asking for a skype mentorship. I wasn't even really looking for that type of business model, but it came to me; and it's much more valuable than the videos alone (for the person I trained and for myself).

    For the commitment, I don't see it as a bad thing at all. I have a friend who engineers, designs, and sells innovative dog toys. He doesn't absolutely love dog toys...and I don't think he even owns a dog. But he is an engineer and a marketer at heart. He loves to commit to designing cool things.

    I hope I answered your questions, because I don't see any real problems right now - you're taking action and you have the opportunity of something you are working on. If I missed something, let me know1
     
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  17. AndrewNC
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    AndrewNC Limitless Read The Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass LEGENDARY CONTRIBUTOR

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    If you choose number 2, focus on learning the skills instead of getting the results...if this is your first business. And run forward as fast as possible. Do something. Measure results (did it work, did it not work) and repeat.

    Take the example below...

    Remove the word watches from your paragraph above and fill in the blanks with designer hats/necklaces/etc.

    Pay attention to the structure of the process instead of the content. I had a mentor from this forum who said if you can start a business, you can start any business.

    When all the famous rap artists begin wearing the same brand, guess what most of the people who listen to rap will start doing...they will buy that brand because their favorite rapper is wearing it.

    So if you can be the marketer who is kick ass with the skill of getting a niche industry of influencers to all promote the same product at once, over the course of a few months, and flood the market with a product....these skills can apply to any product in the future and you have a highly valuable skill set.

    My core competencies/strengths are developing products and services that deliver....if someone came up to me and said they would do the marketing for the product...I'd give up a nice % of sales that I wouldn't otherwise get if it wasn't for their marketing skills.

    Here's an idea for you....since you mentioned watches.

    I offer services that release emotional struggles from people's lives. I've primarily been targeting people with a net worth of $1M-$5M to offer a 3-4 month package for my services. I once had the idea of importing 5 (yes, only 5) nice looking luxury watches with a Limitless logo on it, and having them numbered 1-5. The cost to import would be less than $10,000 and they would be quality.

    Then, what if I target Chinese or Middle Eastern Billionaires who obviously have the money, and offer the watches for $250,000 each (with the real benefit to them being one year of my services - on demand mindset and emotional reprogramming). They get the services, the limited edition watch (which funny enough I called The Limitless Collection lol), and then a black card with their personalized hotline phone number on it to call whenever they need help.

    With the confidence in myself and my services, I would say this is a genius business idea. It would net close to $1.25 million for only 5 sales (A drop in the bucket for the ultra-high end demographic), with scarcity built in to the limited edition to 5 per year only.

    But guess what, ideas aint worth shit!

    If you could successfully execute on that idea for me and get the sales, I'd pay you $600,000 this year in a heartbeat...

    There are a million inventors/relationship coaches/you name it with highly valuable skill-sets and products. But the vast majority of them don't know how to market or sell their product. Many would give up a high % of their sales if they can finally start getting the sales they want.

    As for needing experience in an industry: I worked in customer service and never had any experience coding apps before I built an app portfolio (which now has 1,100,000 downloads). I still don't know how to code apps. I set a goal and things just kind of fell into place...

    If I were you and you're just standing in place right now, I'd pick one niche....find a product owner who has a really cool product in a niche market...and then work out an agreement to do the instagram influencer marketing push for them in exchange for equity. If you have this skillset and you have the results you delivered for one person, I know many many people who would hire you and offer equity splits on the sales.

    I have one more thing to talk about, but I'll type it out in a new post...
     
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  18. AndrewNC
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    AndrewNC Limitless Read The Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass LEGENDARY CONTRIBUTOR

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    Second part of the reply...

    You're a logical person by the way you broke down the details of your post, and that's where I was when I found my first business.

    I'll pre-frame this with the fact that what I'm about to share with you is something I've done with dozens of people already through skype calls to help them find their business ideas. It's going to sound crazy at first if you're on the logical side of the spectrum, but I say with confidence that it works.

    Opening your mind to the other side of the spectrum:

    I'm helping a friend start a business as a relationship coach. The article he is writing about 'Nice guys finish last." How most guys are given advice by their mothers to be respectful and nice. Then they see all the jerks attracting women...so they decide to be a jerk. But the way they go about being a jerk doesn't work either.

    Two complete opposite ends of the see-saw.

    Eventually, they develop the qualities (confidence, purpose/direction) that most of the jerks have, and as being the nice guy again, they found that perfect balance in the middle where they begin to have success with women.

    "Don't ask if it's right or wrong, ask if it's useful."

    Back in 2014, I got trained in something that helps people overcome bad habits, limiting decisions, and to release past emotional baggage.

    In our unconscious mind is a thing called the Timeline. It keeps a perfect recollection of every past, present, and future memory we have ever experienced. So when someone came to me saying they had a problem with sleeping at night, I used a technique to have them access this timeline and float back all the way into her past to the first event that caused this problem.

    She recalled vivid details of when she was 3 years old and her mother told her to go to sleep. She rebelled, and this was the cause of her not sleeping now. By learning the lessons from this event and getting in the emotional state of an hour before that event...the sleeping problem was resolved. Sometimes it takes a few tries, but it clears up the problem.

    I've done this for years working with people's past....

    But then, I remember during my training they talked about future memories.

    I originally viewed this as our perception of the future, but then I began to experiment.

    I floated 1 year in the future and envisioned myself standing on a bluff overlooking the Pacific Ocean. A year later, I forgot all about this vision and a girl invited me on a roadtrip. Through lots of things outside of my control, I made my way down to Cabrillo National Monument in San Diego...And found myself standing in that exact vision I created a year before.

    So I began studying psychic things, metaphysical, inner-world stuff.

    Some of them say that the past, present, and future is already happening at the same time (in some higher dimension), and we only consciously observe the present moment...so by accessing this timeline (imagine floating up out of your body, and floating back into the past or into the future), you are able to access information that your conscious/logical mind filters out.

    How to use this to find a business idea...

    Imagine floating up out of your body, and floating forward in time on your timeline, 6, 12, 18 months in the future to a time when you already have a business idea...

    Look down at yourself as you already have the business idea....

    Now floating into your body, seeing, hearing, and feeling as if you're already living that memory right now.

    From that emotional state, look back in time, and ask yourself (what business idea did I already choose)?

    The important thing is to not try to think of it (logical mind), but to pay attention to whatever naturally comes to your awareness.

    Two real life examples of people I did this with...

    One of them was toying between two ideas. One in the home goods industry and one in the automotive/race car industry. I had him access the future memory and look back...and used some technique to release some emotional blockage that was getting in the way; and he felt as if he was working in the automotive industry. The idea came to him, and a few hours after our call, he told me about how he heard of this luxury car show that's in his town the following weekend....he's going to go down and get feedback on that idea he had.

    The other example was with the friend of mine who is doing the mens dating coaching business...he was toying between choosing a business name for his specific product idea, or a more general name (For example: How to get over your fear of rejection dot com vs Brand name for men dot com). He was in his future vision, and he had the intuition of the more general name. A few weeks later, after surveying his target market, he began to notice that most of the problems they face have nothing to do with his original specific idea, and that they need help with something else. When the saw his website with the general name, they were immediately attracted to his company).

    There is this book called The Biology of Belief and a movie called What the Bleep do we know.

    It's outside the realm of business, but the main tenant is that when you are open to the belief that what I talked about has truth to it...you'll be able to open up your unconscious mind to find information that was filtered out by you conscious mind. But if you have the belief that this is bogus...that belief in itself is the very steel door that closes you off to this.

    Try it out a few times to float into the future memory and look back, and see what comes to your awareness when you're in that new emotional state, looking back.
     
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  19. AndrewNC
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    AndrewNC Limitless Read The Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass LEGENDARY CONTRIBUTOR

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    In my last reply I told the story about the dating coach and how he had this idea for (something specific related to dating - private)....

    He had all these ideas in his mind of what he thought other people would want. But then I told him to go into dating forums and groups and offer free help to three guys per day for 100 days straight....

    "What are you struggling with, and how can I help you?"

    A Vegan Potluck

    The other year I went to a vegan potluck. The vegans don't eat meat or dairy/cheese.

    One of the guys who went (non-vegan) had the great idea to deliver his idea of a dish that included a little bit of milk. If you have any stereotype of angry animal rights activists, you should have seen what they did to this guy when he tried to dish his idea to them....they politely asked him to leave and then gossiped about him when he was gone.

    What if someone has a great idea for a chicken dish and brings it to the vegans?

    "This is in my recipe book, I had this idea for years and I think you will love it!!!!!"

    Nope, goodbye.

    Back to dating....

    None of them listed his specific ideas. There's the ideas we have...and then there's what the market responds to.

    So the advice I gave him was to personally reach out to three people in his target market every day for 100 days, and write down a list of every single problem and struggle they have, and help them through it. He'll eventually find common themes, and when he delivers what they are already looking for...boom - he has his coaching service and effective sales copy.

    To be fair....his original idea is something that can help them too. With the right marketing/advertising/brand, he could create a need in the market like Tesla did with electric cars....but for now he's talking to people, finding out what they want, and giving them exactly what the want.
     
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  20. AndrewNC
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    AndrewNC Limitless Read The Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass LEGENDARY CONTRIBUTOR

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    For how many months or years, specifically have you not been pursuing anything?

    Let's say it's since you joined in May...4 months (looked at your profile to find your join date...Love Golden, CO btw!).

    The question is why are you not committing to one idea?

    It's because you don't want to waste time walking down the wrong path....right?

    I mentioned this in a previous post, if you could develop the skills of building a business, you have the skill forever. I spent six months coding a social network for dead people. After 6 months, nobody signed up.

    Guess what...I can now code a website (landing page/email opt in/etc.) in less than a day if I want to get a website up and running.

    So over those 6 months, I developed a skill that lasts me forever.

    So let's say you don't commit to one for 4 more months. You'll be sitting here, reading these threads, taking down more notes, doing what you do, and where are you in 4 months? Exactly where you are today.

    What if you made 3 cold calls per day for whatever service? What if spent 4 months learning how to talk to china and manufacturer/distribute products.

    And then 4 months in the future, you're exactly where you are now (if it fails)...except you have the skills.

    Read through my past posts:
    1. The Values.
    2. The float forward into the future thing.
    3. Talking to target market...3 people per day.

    What does your future tell you? And what specific skillset will be worth learning?
     
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  21. Ika
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    Ika Too slow Read The Millionaire Fastlane FASTLANE INSIDER Speedway Pass

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    This is really good advice!

    Just to add a recent example from this forum:

    @Vilux just started selling websites.
    He does not know how to design or create a website.

    He can tell if a website is bad or good though.
    So he cold called every business behind the bad looking websites.

    In under a month he sold multiple websites and makes good money. He has a running business, processes and great client relationships.

    (Full Story in his Gold Progress Thread)



    If you were to sell anything for the next four month, and even if you didn't sell a single thing, where would you be in life?

    Not in the same place you are right now.



    (That doesn't mean you have to start selling. It just means you should do anything to get started. And if you don't have a skill, just sell)
     
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    Thanks for the feedback. As it turns out, I have been busy building a website for my wife's business lately, as well as talking with a friend with experience importing from China. I'm not sure that's what I want to do, but I'm learning about it. I've also been self-educating on a couple other potential opportunities. I'm always looking for more people to reach out to. I like the cold calling idea; I haven't been that aggressive so far as I've been more in learning mode. I get your point about just sitting around taking notes, and although capturing ideas is important I know I've got to do more than that.
     
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