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

INTRO Im Winning At Slowlane... My Plan To Go Fastlane

Remove ads while supporting the Unscripted philosophy...become an INSIDER.

cmatth

New Contributor
Jul 25, 2020
4
5
11
Canada
Hey everyone, very excited to join the community! I'll tell you a little about myself and my journey so far and then we'll get into my plan for Fastlane.

A little about me

I'm Colin, 24 y/o living in Canada. I grew up with a Financial Advisor for a mom, so the Slowlane has been ingrained in me since birth. I have always wanted to strike out on my own but was taught that it was too risky. So, I did what everyone does, and went to university. Luckily I knew to study something that had market value - this lead me to a double major in Business and Computer Science.

The plan was always to leverage the skills I would gain from school to build my own software products. But over the past few years, Ive only had false starts. These were all driven by two things:

1) Not focusing on one product at a time
2) Having absolutely no understanding of marketing or market research

Like many, I was told that I should come up with an idea and "validate" it. This approach is absolute hogwash and will lead you down years of time spent on trying to find the "right idea".

During my time in school, I was also building up my career. I was heavily involved in Financial Independence, Early Retirement communities, and thought that achieving FIRE would give my life more purpose. I found a career I enjoyed and would allow me achieve FI by my early 40s. With a clear goal in mind, I went to work.

Within a 2 year period ( before I finished my degree), I was in a senior position making just under 6 figures. I had full benefits, work from home, and a Defined Benefit pension plan backed by the government. This meant that I could simply show up to work for the next 15 years and would have a guaranteed monthly paycheck when I retired. But I was doing one better. Having learned the in's and out's of personal finance from a young age, I set myself up to have a very high savings rate on my after-tax earnings. If I just stayed the course, I'd be ready for retirement in no time.

But something wasn't right...

As time past, I felt more and more discontent. I was supposed to have "made it" but I certainly didn't feel that way. I started reading more about entrepreneurship and how I could strike out on my own. I was first attracted to the idea of replacing my salary by freelancing or with a small product, but then I found Fastlane. And oh boy did it change my perspective.

Now, I can clearly see what the problem was with my approach. I know I can achieve more. And I have a plan to do it.

My plan to Fastlane

The first thing I needed to do was overcome the barriers that have stopped me in the past. I needed to learn what products to build and how to stick to one at a time. I won't go into too much detail here, but I found some great resources that have led me to have a MUCH better understanding of what products to focus on.

So, what's the plan? There's three main components:

1) Build a product my target audience actually wants
2) Build a personal brand using high-quality content on existing platforms (Youtube, Facebook, Twitter, etc) that is in alignment with my product
3) Market the product independently of myself to accelerate growth

What I've done so far

To date, I have:
  • Made a plan on how Im going to Fastlane
  • Mocked up my software
  • Begun creating marketing materials (landing pages)

Up next, I will:
  • Design ads for various marketing channels
  • Track Click Through Rates and Conversion Rates overall on my concept and for the specific audiences I am targeting
  • Calculate my expected Life Time Value for a customer, less advertising and operational costs, and see what my potential profit margins could look like ( as well as how far I can scale the marketing channels)

Do you want to help?
I've just finished drafting up two different landing pages to start looking at initial engagement and conversion rates. If you'd like to lend a hand , please check them out at the following links and let me know which one you prefer!

Landing Page One: get.trackrite.io/a
Langing Page Two: get.trackrite.io/b

I'll continue to make updates as I hit significant milestones!
 

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

Sethamus

Bronze Contributor
FASTLANE INSIDER
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Sep 13, 2019
231
438
197
Northshore area, New Orleans
Welcome to the forum! Like myself you had a great career and a retirement plan but felt there was something missing. Now go execute that plan! If you need inspiration try looking into the gold threads as they have been highlighted as such because the content in them is excellent.
 
Last edited:

ZF Lee

Platinum Contributor
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jul 27, 2016
2,341
4,136
1,026
22
Malaysia
Welcome! Thanks for the sharing.
Looking forward to your progress!

Like many, I was told that I should come up with an idea and "validate" it. This approach is absolute hogwash and will lead you down years of time spent on trying to find the "right idea".
Agreed!
There's only so many big ideas you come up with yourself.

Probably that's why some folks go work jobs, learn what's going on from inside the industry, and then go out to start something in that industry, albeit with some better service offerings.

For myself, I jumped into freelance copywriting. It was also a great on-the-boots experience to catch what businesses need.

And after working for some great (and shitty) clients, I can say that a business' worth isn't just in a winning product, but in its marketing strategy and even human management (e.g. how they get in-house and freelancers to match in deliverables).
 

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.

Sponsored Offers

  • Sticky
MARKETPLACE Fox' Web School's "Legend" Group Coaching Program 2020
This year has been quite crazy so far, and a lot of people have reached out to ask me if web...
  • Sticky
FEATURED! Introducing... WEALTH EXPO$ED, A Short Story By MJ DeMarco
Got it several weeks ago and have listened to it several times now. I've definitely met both...
  • Sticky
MARKETPLACE You Are One Call Away From Living Your Dream Life - LightHouse’s Accountability Program ⚡
Just got off the phone with @LightHouse. Having just a 45 minute conversation with him has...
  • Sticky
MARKETPLACE Kill Bigger Incubator
@Kak Out of curiosity, what types of businesses are you advising on? (I read this whole thread...
  • Sticky
MARKETPLACE Lex DeVille's - Advanced Freelance Udemy Courses!
Just bought 5 of your Upwork courses. Thanks for making valuable content Lex!
  • Sticky
MARKETPLACE Grow Your Business With a Book (An Unorthodox Marketing Strategy That Built One of the Largest...
Thanks for your offer to look at my book. Here's the link to the squeeze page Buy The Prosperous...



Forum Sponsor

sponsor

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.

More Intros...

Top Bottom