How Many Businesses Must a Man Fail...

[Siberia]

You have a very interesting background. Your problem it isn't these business but your approccial. You are not King Midas. Zapping inside one business more time or in another business,It does not make you run away from the real problem the way you think about when you start something. try to analyze this and tries to make King Midas your customers. satisfy better their selfishness and not yours. In all these business there 's always been someone who has been successful. Because 'it' did this happen?

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[GMSI7D]

... Before becoming a successful enterpreneur?




I wasted time, money and effort in all of them and never reached any ROI.


I swear after the 100th failure, I will search a job

that's what i was saying on this forum when people disagreed.

i said " you have a 80 % probability to fail within 4 years "

and people started to shout at me with positive thinking and B.S.

so i told them " ok, maybe i am wrong, just show me that your business made you free "

no one answered back.

so the point is , succeeding is very difficult and MJ DeMarco's victory against all odds is not a common case.


i wish you to succeed but we have odds againts us. good luck

 

[SteveO]

so i told them " ok, maybe i am wrong, just show me that your business made you free "

no one answered back.

Perhaps nobody found that it was worth answering you back...

 

[Fox]

so i told them " ok, maybe i am wrong, just show me that your business made you free "

no one answered back.

There is at least 100 successful threads on here of people succeeding in business. You are blinded by your own limiting beliefs.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Mr.Chaos]

that's what i was saying on this forum when people disagreed.

i said " you have a 80 % probability to fail within 4 years "

and people started to shout at me with positive thinking and B.S.

so i told them " ok, maybe i am wrong, just show me that your business made you free "

no one answered back.

so the point is , succeeding is very difficult and MJ DeMarco's victory against all odds is not a common case.


i wish you to succeed but we have odds againts us. good luck

Ok first I had doubts....now i'm totally sure that i'm confused as to why you do what you do.

With that mindset, i'm sorry this is totally a waste of your time. You clearly are convinced that you might not succeed...and you are correct.

Please contain the negativity and doubt there is enough of it else where.




Didn't mean to thread jack.

 

[AllenCrawley]

that's what i was saying on this forum when people disagreed.

i said " you have a 80 % probability to fail within 4 years "

and people started to shout at me with positive thinking and B.S.

so i told them " ok, maybe i am wrong, just show me that your business made you free "

no one answered back.

so the point is , succeeding is very difficult and MJ DeMarco's victory against all odds is not a common case.


i wish you to succeed but we have odds againts us. good luck

You're funny.

Most people starting a business are starting one that no one will want to buy from. I read somewhere a survey with founders of failed start-ups. The number one reason they attribute their failures was because they created a product or service no one wanted.

Have you even read the book? (I ask because you do not have the "I've read TMF badge")

If you follow the concepts laid out in TMF you greatly improve your chances of success.

90% of the successful business people I know I met on the forum and at the annual Fastlane Summit.

no one answered back

As @SteveO suggested, we do not feel the need to answer such a question.

 

[kkompoti]

It's a virtually untapped market!

i had a similar idea . but the problem for me was the name. how will people go to a site with a nice name surrounding dead people.

two ideas were: youregone.com and thedeathofalovedone.com

but it is an untapped market. and there is lot of advertising in there.

but seriously difficult to make people come to your site!

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[ZCP]

" ok, maybe i am wrong, just show me that your business made you free "
no one answered back.

Why do we need to prove you wrong? Do you need hundreds of examples to continually prove to you that something that is possible is possible for someone who doesn't believe in it like yourself? Would 100 examples not have you asking for the 101st?

Prove yourself wrong. Then YOU are where you want to be. Believe. Succeed.

 

[devine]

i said " you have a 80 % probability to fail within 4 years "

Otherwise you have a 100% probability to never succeed.

Nothing is F*cking easy, I struggled for 8 years before I got where I am, I spent more time on each of my skills than majority spent on their skills altogether.
I wake up thinking of stuff, I take a shower thinking of stuff, I constantly practice, sometimes up to 8 hours a day to improve with things you would never spend an hour on. You don't know such things even exist.
And I consider even a 1% chance of succeeding to be enough, because usually you don't get even this much. Otherwise everyone would be successful.

 

[Jon L]

It's a virtually untapped market!

so true...there are FAR more people that are dead than living.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[kkompoti]

so true...there are FAR more people that are dead than living.

hahhahahaha

i mean the flower industry and the funeral industry

 

[AndrewNC]

i had a similar idea . but the problem for me was the name. how will people go to a site with a nice name surrounding dead people.

two ideas were: youregone.com and thedeathofalovedone.com

but it is an untapped market. and there is lot of advertising in there.

but seriously difficult to make people come to your site!

Mine was like "forever remembered" or something. Selling the emotion of having an online memorial always keeping their loved ones remembered after they die.

From that experience, I discovered how to code websites - and then realized I didn't know how to do marketing so I spent years learning that through 5 more failed business ideas.

These failures built the fundamental skills of business. Website. Product creation. Sales. Marketing.

It's like learning how to use a hammer on your first failure. Then how to use a screwdriver on your second failure. And then a nail gun.

Now that you know how to use the tools - the next step is to build a shed...and then a house....and then one day you can build your mansion.

It's a shame that more early stage entereprneeurs don't realize that their first businesses are their classroom.

They want to read the instruction manual and have the mansion built. Or they want MJ to build the mansion for them.

But they never focus on master the skill of using a hammer. And then they give up.

And then the final words I'll say to them are "no, I don't want fries with that" as they move on to serving the next customer.

 

[#nowhere]

Network Marketing:

• Value added: None.
• Scamming people into joining your "funnel" creates no value. In fact, it creates negative value.

Porn Website:

• Value added: None.
• There's already enough porn on the internet.

Books:

• Value added: ???
• However, my guess is that the value added was minimal considering that you wrote several books a year, and presumably on the side.

Online Tool that Converts Videos to MP3's:

• Value added: None.
• Do a quick google search. No one needs another converter.

Do you see a recurring theme?

Everytime I read an analysis of yours I almost fall in love...

Like it!

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[OldFaithful]

There is no such thing as business. Or companies. Only people.

Yeeeeesssss!

 

[Sanj Modha]

I failed for years before making money.

I went from Wordpress sites, affiliate blogging, SEO, solo ads, lead generation etc etc. Made some money along the way but mostly struggled. After reading self-help/biz books, it occurred to me that I needed to follow someone successful. Someone who can help me develop a "success mindset".

I found a great guy and did whatever I could to help his business. I did all the crappy jobs, worked long hours and learned all that I could.

Fast forward to 2016, it was worth it.

 

[nradam123]

It should be better to focus on only 1 business at a time. I think one of my "chronic problems" is to be always in search for new oppurtunities and new projects to start. It's because I think we are living in the very golden age of humanity and finance, in the age of endless opportunities and thus I just cannot choose the one to focus on...

Hey Frank,

Solve that problem and you will do well.

You should not dabble because if something is not working, you have to make it work!
I learned this lesson in my school days when I used to bboy. It took me 3 months of practice, hours every single day and failing repeatedly to learn to headspin. Here is a video back from 2007 (Go to 3:00).

Learning to bboy gave me enough structure into my learning process. And later on I focused on 1 thing for 2 years of my life to crack a very hard competitive exam in India called IIT-JEE (You need to be the top 1%).

And then I started entrepreneurship 10 months ago. And I began by doing exactly what you are doing - I changed ideas for 5-6 months inorder to find the "instant success idea" and kept dabbling around (You can find my earlier posts when I was going through a lot of confusion in my older threads).

Now I am just doing one thing - and its not a great idea. I am just developing websites as a freelancer. But I know that I need to build the discipline in business the same way I cultivated it for dancing/bboying and competitive exams early on in my life. And I am going to work as hard as I can to make it work.

Here is what you should do -
1) Find something you want to focus on. I suggest you get expert help for this. I think @AndrewNC provides consultation for the same (https://www.thefastlaneforum.com/co...ed-results-or-i-will-pay-you-seriously.67307/)
2) Then stick with it. Things I do to not dabble -

1. Use Trello (https://www.thefastlaneforum.com/co...ith-the-system-legendary-fastlaners-use.67028)
2. I have a German friend (Germans are usually structured I think lol) who I talk to and discuss progress every week. I HIGHLY recommend this.
3. Daily Ritual. I explain a bit about my ritual in this thread (https://www.thefastlaneforum.com/co...u-are-lost-confused-and-need-direction.69455/)

Good luck brother.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[nradam123]

I failed for years before making money.

I went from Wordpress sites, affiliate blogging, SEO, solo ads, lead generation etc etc. Made some money along the way but mostly struggled. After reading self-help/biz books, it occurred to me that I needed to follow someone successful. Someone who can help me develop a "success mindset".

I found a great guy and did whatever I could to help his business. I did all the crappy jobs, worked long hours and learned all that I could.

Fast forward to 2016, it was worth it.

Can you tell the story in a new thread? I think its going to be a great resource for a lot of us in the ditches

 

[Siberia]

No meaningful lesson.

I can write 2 of them, obvious for the most of you:

1. Network Marketing is not a good business to make money. At the most you may know many young wanterpreneurs...
2. It should be better to focus on only 1 business at a time. I think one of my "chronic problems" is to be always in search for new oppurtunities and new projects to start. It's because I think we are living in the very golden age of humanity and finance, in the age of endless opportunities and thus I just cannot choose the one to focus on...

Hi, re-read the story of two Egyptian brothers and you will understand immediately what you should be well focused.

 

[TonyStark]

If some people put all of their effort into solving a need, rather than chasing money, they'd be rich by now.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[TonyStark]

My first business idea was a social network for dead people.

Nobody signed up.

I wonder why

 

[Siberia]

I wonder why

I wonder why '?

 

[Frankie Relax]

Hey Frank,

Solve that problem and you will do well.

You should not dabble because if something is not working, you have to make it work!
I learned this lesson in my school days when I used to bboy. It took me 3 months of practice, hours every single day and failing repeatedly to learn to headspin. Here is a video back from 2007 (Go to 3:00).

Learning to bboy gave me enough structure into my learning process. And later on I focused on 1 thing for 2 years of my life to crack a very hard competitive exam in India called IIT-JEE (You need to be the top 1%).

And then I started entrepreneurship 10 months ago. And I began by doing exactly what you are doing - I changed ideas for 5-6 months inorder to find the "instant success idea" and kept dabbling around (You can find my earlier posts when I was going through a lot of confusion in my older threads).

Now I am just doing one thing - and its not a great idea. I am just developing websites as a freelancer. But I know that I need to build the discipline in business the same way I cultivated it for dancing/bboying and competitive exams early on in my life. And I am going to work as hard as I can to make it work.

Here is what you should do -
1) Find something you want to focus on (I suggest you get expert help for this. I think @AndrewNC provides consultation for the same (https://www.thefastlaneforum.com/co...ed-results-or-i-will-pay-you-seriously.67307/)
2) Then stick with it. Things I do to not dabble -

1. Use Trello (https://www.thefastlaneforum.com/co...ith-the-system-legendary-fastlaners-use.67028)
2. I have a German friend (Germans are usually structured I think lol) who I talk to and discuss progress every week. I HIGHLY recommend this.
3. Daily Ritual. I explain a bit about my ritual in this thread (https://www.thefastlaneforum.com/co...u-are-lost-confused-and-need-direction.69455/)

Good luck brother.

Thank you for your post and kind words!

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[GMSI7D]

in my opinion, the best example of someone who won against all odds is jeff walker

the guy was a dad at home whith babies while his wife supported the family.

one day his wife came home crying because of her job and asked jeff to do something to earn money.

imagine the situation :

you have no income, you have not worked for years and your wife tells you to do something , you the man in charge , while crying

the absolute nightmare

so jeff walker is a true hero because he changed the business world

watch the 20 th anniversary of starting his online business :

 

[Sanj Modha]

Did Edison fail 10,000 times or did he find 10,000 ideas that didn't work?

It's all about perspective. I like to think that every experience is a lesson. Dig deep and uncover the message.

Make a list of all the good vs bad things in each business. That's a start.

 

[Deceiver]

in my opinion, the best example of someone who won against all odds is jeff walker

the guy was a dad at home whith babies while his wife supported the family.

one day his wife came home crying because of her job and asked jeff to do something to earn money.

imagine the situation :

you have no income, you have not worked for years and your wife tells you to do something , you the man in charge , while crying

the absolute nightmare

so jeff walker is a true hero because he changed the business world

watch the 20 th anniversary of starting his online business :

@GMSI7D What do you want to prove with your posts and questions? Is it maybe that you are looking for excuses and justifications for not even trying and starting nothing?

There is a lot of succesful people here on board, not just MJ. Just look in their threads. Just look for the answers.

If you pick up an INSIDERS subscription you will find a lot of (shared) succesful stories and processes.

Anyway, you are right that the odds are against us. But so-what?
Is it better to just retreat and never start anything and endure in the Slowlane for 40 Years just like the 90% of the whole population? (in your case maybe "just" another 20 years?)

If you think that it is TOO hard to find the answers, even here on FLF (which, anyway, are right in front of your eyes and a click-away) then it is better that you don't even think about building shit because THAT is going to be the real challenge.

Anyway, I hope you don't feel offended and realize your self limiting beliefs and the BS in your thoughts. Stop looking why/how something is hard and start finding a way to make it succesful.

I, as I am sure also the other members, sincerely wish you the best

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Siberia]

Did Edison fail 10,000 times or did he find 10,000 ideas that didn't work?

It's all about perspective. I like to think that every experience is a lesson. Dig deep and uncover the message.

Make a list of all the good vs bad things in each business. That's a start.

Hi, in every business start up is necessary to do.......... the SWOT ANALYSIS.

 

[eliquid]

You're 27. You're suppose to fail many times. ( sarcastic )

You're judging your global failures too much.

Even though I hate this example, Edison failed 10k times on 1 idea.. the light bulb ( big hint here ).

You failed 13 times, but on several ideas ( a few on network marketing, a few on porn, a few on books, and once on a tool ).

Take 1 idea and fail on it 13 times and I bet you will be further down the road on making money with it than your current approach.


I'm currently on my 5th SaaS. The 4 prior have all been successful if we are talking about profitable revenue as the scorekeeper. They are all in the same market, digital/online marketing.

People will say services and tools in online marketing are saturated. Just like they say that in porn, network marketing, and books ( and video conversion tools ). However, there are people making money in them right now, correct?

The difference is, I have spent years online doing the "online thing" since 1996/1997. Specifically with online marketing since at least 2000. I've failed 100,000 times since then until my first SaaS.

Until you can say the same about your book, porn site, network marketing attempts, or conversion tools... don't expect to get there any faster. You can't fail 100,000 times globally in everything and expect success. You're going to have to ratchet it down to 1-2 areas in your life and build off that.

Example 1: I know a lot about online marketing because of the time I have put in and the failures I've had. Making a new SaaS is pretty easy and I know what the market wants/needs even though people might say it's crowded. On top of that, I could probably write a book on it too and have it do somewhat well. I'm using my failures and experience in 1 area of my life to now create multiple revenue products.

Example 2: Since I love making money online and have ran some profitable businesses, I could more than likely write a book or do some training in "making money online" which is crowded or at least maybe be a business coach or do some uDemy training. All crowded markets. However, I know people that jumped into this market within the last 24 months and are doing over a million dollars yearly with it now. Again, I take 100,000 fails and experience from 1 area into a new direction.

Next Steps: Figure out your 1 area/focus.