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

EXECUTION From a $250/month job to a $2,500 contract: TMF is the best 3-bucks investment I've made in my life

IsaacCP9

Contributor
Aug 25, 2017
7
42
21
23
Dominican Republic
August 1, 2017.

That's the day I bought The Millionaire Fastlane out of the Kindle store as an Amazon recommendation. Funny enough, I generally take a look at summaries and all kind of reviews before reading a book. This time I didn't. So I really didn't know what to expect.

At the time I was on a vacation from my $250/month, part-time job here in the Dominican Republic. I was also pursuing a couple of "passive income" opportunities—Kindle publishing, Amazon niche sites, etc.

Needless to say, that same month I quit my job and stopped pursuing those ventures.

A lot happened from August to December. There are actually two sides of the story since I've been (kinda) violating monogamy and working on two things. But to keep things simple let's just talk about one for now.

FREELANCING FOR CASH, EXPERIENCE, AND INDUSTRY-KNOWLEDGE

Long story short, I was unable to reach $100/month for the rest of the year until I found an opportunity to work as a virtual assistant in a digital marketing agency for $400/month—part-time.

Nothing fancy. "But hey, it's more than you had. And you'll work from home," I reasoned.

So I took the job. I worked on prospecting and lead generation (cold emailing businesses owners) for the next 6 months.

After sending ~1000 cold emails (not for me, but for the agency) two important things happened:
1 - I had learned a skill (lead generation): I got insights as to what works and what doesn't when it comes to cold email.
2 - I detected an opportunity: the agency was serving SaaS businesses, and I was visiting their websites and jumping on their free trials. Already knowing a thing or two about copywriting most of them sucked... and I knew I could help.

So I said to myself, "Wait a second, this cold email thing is working. Why not use it to get freelance copywriting clients for myself?" And that's exactly what I did.

Just to test the waters I started charging $US440 then $US600 then $US1250 for a 10-15-email sequence.

Now, confident in my ability to deliver results, I'm comfortable charging anywhere between $US1500-$US3000 for a 15-20-email onboarding sequence.

This month I closed a $US2380 contract for a 20-email sequence.

Another reason I decided to serve SaaS is so that I can get familiar with the industry. I'd love to build a SaaS product later on. (More on that later.)

A year ago my English was, let's just say, "Intermediate." I read a ton of books to perfect it. And practiced a lot.

It's still far from perfect. But if I, as a non-native English speaker, was able to do it. You can, too.

Key takeaways for those freelancing:
1 - Position yourself to solve a particular problem: I'm positioned specifically as an onboarding copywriter for SaaS. That and only that.
2 - Direct contact over freelance platforms: I know our millennial generation don't want to hear this, but talking to people on the phone is what will allow to forge a business relationship and build rapport faster. Reach out to business owners/managers.

Things I did wrong:

1 - I waited too long: I "studied" copywriting for over 6 months before attempting to get my first client. I should have done that from day 1—or at least from day 31.

THE "OTHER" VENTURE

Okay. So all of that has been part-time (20-40hr/week). But I have been consistently working around 60-65hr/week.

I feel it's a sustainable amount of work. And I can keep up with it for the next 5 years—or more.

Although I know I could earn $3-5k per month freelancing full-time, for Fastlane reasons, it's something I'm hesitant to do.

So in the hours left, I've been building a blog in the Spanish market all about freelancing, my progress and all the successes and failures in the process.

I analyzed the market. And the average advice is "bid on jobs." So I know I can definitely deliver something better.

Following this free training (FIMP) I was able to go from 0 to 15,000 visitors/month in the last 7 months.

The Spanish market is sooooooo much less competitive than the English market search engine-wise. That's one of the reasons I decided to go that route. Also, I have the ability to add a ton of value by language arbitrage—reading and taking courses from English, established freelancers, testing strategies with my own freelance businesses, and then talking about it on the blog.

I'm shy of 500 email subscribers at this point—growing at a ~100-subscribers-per-month ratio. And I'm building an online training all about building a freelance website, positioning yourself to a particular type of client, and sending cold emails to get your first clients as a newbie.

I'm following Ramit's ZTL system to launch the product. And I plan on launching by Aug 15 at a $27 early-bird discount. Then $47. And probably $97 or more as I stack on more value—a community, more content, etc.

WHAT LIES AHEAD - GOING FASTLANE

Building an audience allows me to have a ton of options. So here are some of the things I have in mind (in order of preference):

Option 1 - Expand online training

Expand topic-wise and start teaching not only "freelancing" and "get clients." But also copywriting to freelancers—and potentially businesses—in the Spanish market.

Now that I'm seeing fast traction, I know I could monetize offering both training, copywriting services or even coaching.

Option 2 - SaaS as an "Expert"

As the audience grows, I could potentially build a SaaS targeted to my audience.

Becoming well-known for something and then building a SaaS product is a great strategy—think Russell Brunson and Clickfunnels, Brennan Dunn and Planscope, Joanna Wiebe and AirStory.

I could build some of the tools freelancers usually need—online proposals, project management, or a full suite like Bonsai.

Now that I'm equipped with overall marketing knowledge—copywriting, market research, SEO, content marketing, email marketing, etc.—I'd feel confident to partner up with a technical guy and try to build something more scalable and "sellable" than an online training blog.

I've been networking with some technical guys. But still haven't found "the one." Time will tell.

Option 3 - Scale the service-based business


I'm not sure if I want to scale the freelance business to an agency. Too much overhead.

I'd rather scale a high-margin business—say, options above.

But I could productized the whole onboarding sequence writing process, outsource it and scale it. Maybe even offer other writing services over time. Services I know SaaS businesses need—blog posts, landing pages, etc.

I've outsourced my own proofreading every now and then. And have been thinking about outsourcing lead gen. But I'd like to explore the above options first. Purely based on preference.

Obviously, I'm willing to let myself be lead by the market. Not by personal preferences.

But, yeah, that's my story one year after reading Fastlane.

Just wanted to make a quick update.

I'd be happy to provide more value on what I've learned so far. So thoughts or questions—both on my progress and my future options—are welcomed.

On my way,
Isaac
 

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

Maxboost

Silver Contributor
I've Read UNSCRIPTED
Speedway Pass
Apr 4, 2016
398
820
314
39
thanks for sharing your story
 

MJ DeMarco

Administrator
Staff member
EPIC CONTRIBUTOR
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Jul 23, 2007
29,317
101,514
3,751
Fountain Hills, AZ
Congrats man, and you picked up English! Impressive!
 

Denis from BE

Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Apr 3, 2017
42
39
58
29
Belgium
Thank you for your story, very impressive.
And also thank for the FIMP link, I'll have a look as I was actually looking for a program like that.
 

kimtour

PARKED
Aug 17, 2018
1
0
1
Thanks for the insight. Can is See and example of a saas email sequence?


Sent from my iPhone using Tapatalk
 
OP
OP
I

IsaacCP9

Contributor
Aug 25, 2017
7
42
21
23
Dominican Republic
Great story man! Could I PM you a couple of questions about cold emailing?
For sure man. Go ahead. Feel free to shoot me at isaac@copyonboard.com I might answer faster.

Thanks for the insight. Can is See and example of a saas email sequence?


Sent from my iPhone using Tapatalk
DM me and I can send you an example. Although it really varies on the type of SaaS, the target market, etc., so just seeing the copy and the flow without understanding what's behind it might not be appropriate.
 

GoGetter24

Gold Contributor
Speedway Pass
Oct 8, 2017
571
1,114
365
Various
Always nice to hear success stories.

What was your email to reply (or engagement) ratio?
Also, any tips on the email structures that got the best results?
Thanks
 

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

ale

PARKED
Jul 4, 2018
1
0
4
Thanks for sharing your story IsaacCP9, it inspires a lot to not giving up, especially for people like me. Can I have an example of your cold emails in DM? I'm very curious about the strategy
 

Gold7

New Contributor
Aug 4, 2018
10
8
17
Los Angeles
August 1, 2017.

That's the day I bought The Millionaire Fastlane out of the Kindle store as an Amazon recommendation. Funny enough, I generally take a look at summaries and all kind of reviews before reading a book. This time I didn't. So I really didn't know what to expect.

At the time I was on a vacation from my $250/month, part-time job here in the Dominican Republic. I was also pursuing a couple of "passive income" opportunities—Kindle publishing, Amazon niche sites, etc.

Needless to say, that same month I quit my job and stopped pursuing those ventures.

A lot happened from August to December. There are actually two sides of the story since I've been (kinda) violating monogamy and working on two things. But to keep things simple let's just talk about one for now.

FREELANCING FOR CASH, EXPERIENCE, AND INDUSTRY-KNOWLEDGE

Long story short, I was unable to reach $100/month for the rest of the year until I found an opportunity to work as a virtual assistant in a digital marketing agency for $400/month—part-time.

Nothing fancy. "But hey, it's more than you had. And you'll work from home," I reasoned.

So I took the job. I worked on prospecting and lead generation (cold emailing businesses owners) for the next 6 months.

After sending ~1000 cold emails (not for me, but for the agency) two important things happened:
1 - I had learned a skill (lead generation): I got insights as to what works and what doesn't when it comes to cold email.
2 - I detected an opportunity: the agency was serving SaaS businesses, and I was visiting their websites and jumping on their free trials. Already knowing a thing or two about copywriting most of them sucked... and I knew I could help.

So I said to myself, "Wait a second, this cold email thing is working. Why not use it to get freelance copywriting clients for myself?" And that's exactly what I did.

Just to test the waters I started charging $US440 then $US600 then $US1250 for a 10-15-email sequence.

Now, confident in my ability to deliver results, I'm comfortable charging anywhere between $US1500-$US3000 for a 15-20-email onboarding sequence.

This month I closed a $US2380 contract for a 20-email sequence.

Another reason I decided to serve SaaS is so that I can get familiar with the industry. I'd love to build a SaaS product later on. (More on that later.)

A year ago my English was, let's just say, "Intermediate." I read a ton of books to perfect it. And practiced a lot.

It's still far from perfect. But if I, as a non-native English speaker, was able to do it. You can, too.

Key takeaways for those freelancing:
1 - Position yourself to solve a particular problem: I'm positioned specifically as an onboarding copywriter for SaaS. That and only that.
2 - Direct contact over freelance platforms: I know our millennial generation don't want to hear this, but talking to people on the phone is what will allow to forge a business relationship and build rapport faster. Reach out to business owners/managers.

Things I did wrong:

1 - I waited too long: I "studied" copywriting for over 6 months before attempting to get my first client. I should have done that from day 1—or at least from day 31.

THE "OTHER" VENTURE

Okay. So all of that has been part-time (20-40hr/week). But I have been consistently working around 60-65hr/week.

I feel it's a sustainable amount of work. And I can keep up with it for the next 5 years—or more.

Although I know I could earn $3-5k per month freelancing full-time, for Fastlane reasons, it's something I'm hesitant to do.

So in the hours left, I've been building a blog in the Spanish market all about freelancing, my progress and all the successes and failures in the process.

I analyzed the market. And the average advice is "bid on jobs." So I know I can definitely deliver something better.

Following this free training (FIMP) I was able to go from 0 to 15,000 visitors/month in the last 7 months.

The Spanish market is sooooooo much less competitive than the English market search engine-wise. That's one of the reasons I decided to go that route. Also, I have the ability to add a ton of value by language arbitrage—reading and taking courses from English, established freelancers, testing strategies with my own freelance businesses, and then talking about it on the blog.

I'm shy of 500 email subscribers at this point—growing at a ~100-subscribers-per-month ratio. And I'm building an online training all about building a freelance website, positioning yourself to a particular type of client, and sending cold emails to get your first clients as a newbie.

I'm following Ramit's ZTL system to launch the product. And I plan on launching by Aug 15 at a $27 early-bird discount. Then $47. And probably $97 or more as I stack on more value—a community, more content, etc.

WHAT LIES AHEAD - GOING FASTLANE

Building an audience allows me to have a ton of options. So here are some of the things I have in mind (in order of preference):

Option 1 - Expand online training

Expand topic-wise and start teaching not only "freelancing" and "get clients." But also copywriting to freelancers—and potentially businesses—in the Spanish market.

Now that I'm seeing fast traction, I know I could monetize offering both training, copywriting services or even coaching.

Option 2 - SaaS as an "Expert"

As the audience grows, I could potentially build a SaaS targeted to my audience.

Becoming well-known for something and then building a SaaS product is a great strategy—think Russell Brunson and Clickfunnels, Brennan Dunn and Planscope, Joanna Wiebe and AirStory.

I could build some of the tools freelancers usually need—online proposals, project management, or a full suite like Bonsai.

Now that I'm equipped with overall marketing knowledge—copywriting, market research, SEO, content marketing, email marketing, etc.—I'd feel confident to partner up with a technical guy and try to build something more scalable and "sellable" than an online training blog.

I've been networking with some technical guys. But still haven't found "the one." Time will tell.

Option 3 - Scale the service-based business


I'm not sure if I want to scale the freelance business to an agency. Too much overhead.

I'd rather scale a high-margin business—say, options above.

But I could productized the whole onboarding sequence writing process, outsource it and scale it. Maybe even offer other writing services over time. Services I know SaaS businesses need—blog posts, landing pages, etc.

I've outsourced my own proofreading every now and then. And have been thinking about outsourcing lead gen. But I'd like to explore the above options first. Purely based on preference.

Obviously, I'm willing to let myself be lead by the market. Not by personal preferences.

But, yeah, that's my story one year after reading Fastlane.

Just wanted to make a quick update.

I'd be happy to provide more value on what I've learned so far. So thoughts or questions—both on my progress and my future options—are welcomed.

On my way,
Isaac

Your story was very inspiring to me, especially the fact that you taught yourself another language for your business opportunity.
It is great news to hear of your success!
 

Create an account or login to comment

You must be a member in order to leave a comment

Create account

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

Log in

Already have an account? Log in here.


New Topics

Fastlane Insiders

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

Join Fastlane Insiders.

Sponsored Offers

Lex DeVille's - Advanced Freelance Udemy Courses!
-- HALLOWEEN SPECIAL STARTS TODAY! Get any of my courses at Udemy's current best price through Friday! Use code: HALLOWEEN Use any of the links...
Top Bottom