User Power
Value/Post Ratio
14%
- Dec 29, 2022
- 7
- 1
I'm in the process of starting a digital marketing agency, and I don't know whether it is a Fastlane business or not. I get clients on a monthly retainer, and every month I pay a freelancer to do the work for the clients, so I don't spend much time doing actual work(in theory). I started working on it before I came across the Millionare Fastlane, and I just want to know whether I should make this my main income stream or work on a better business model. Here's how it compares to the NECST commandments:
Need: Small businesses need to expand their marketing online to keep their businesses growing/afloat because of the pandemic and the increasing spread of the Internet.
Entry: There's plenty of competition in the digital marketing industry, and I even got the idea from an Iman Gadzhi video here:
View: https://www.youtube.com/watch?v=gNRGkMeITVU&t=1334s
. It is, however, a pretty long process to actually get the business up and running(for me at least).
Control: I'll own the business and make all the business decisions.
Scale: I can easily scale past my local area(which I'm targeting as of now) because my business offers online services. The profit I'll theoretically get from each client is roughly a couple hundred dollars, but I can change that as my services get better. I can take on a pretty large number of clients(theoretically) because I can just hire more freelancers or give one freelancer more clients.
Time: I've organized everything and have streamlined the outreach process, and once I start the business I'll try to automate as much as I can. Additionally, I'm opening the business with a friend, and I'm thinking that if this business isn't a Fastlane business, I can probably just shoulder all the work onto him, and use the extra time to start a Fastlane business(basically withdrawing from the company while taking a good chunk of the profits for some passive income).
This is my first time doing anything even remotely entrepreneurial, so please give me some different perspectives on this business model.
Need: Small businesses need to expand their marketing online to keep their businesses growing/afloat because of the pandemic and the increasing spread of the Internet.
Entry: There's plenty of competition in the digital marketing industry, and I even got the idea from an Iman Gadzhi video here:
. It is, however, a pretty long process to actually get the business up and running(for me at least).
Control: I'll own the business and make all the business decisions.
Scale: I can easily scale past my local area(which I'm targeting as of now) because my business offers online services. The profit I'll theoretically get from each client is roughly a couple hundred dollars, but I can change that as my services get better. I can take on a pretty large number of clients(theoretically) because I can just hire more freelancers or give one freelancer more clients.
Time: I've organized everything and have streamlined the outreach process, and once I start the business I'll try to automate as much as I can. Additionally, I'm opening the business with a friend, and I'm thinking that if this business isn't a Fastlane business, I can probably just shoulder all the work onto him, and use the extra time to start a Fastlane business(basically withdrawing from the company while taking a good chunk of the profits for some passive income).
This is my first time doing anything even remotely entrepreneurial, so please give me some different perspectives on this business model.
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