• The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success
  1. The forum software will be upgraded on Sunday May 26th and may not look normal during the transition. Some functionality may be offline. This is TEMPORARY and is expected to last up to 8 hours.
  2. Join 50,000+ entrepreneurs
    who are kicking butt and
    winning their dream life.

    Unscripted™ Entrepreneurship:
    A Business That Pays More Than Money, It Pays Time.

    "Fastlane" is an entrepreneur discussion forum based on The Unscripted Entrepreneurial Framework (TUNEF) outlined in the two best-selling books by MJ DeMarco (The Millionaire Fastlane and UNSCRIPTED™). From multimillionaires to digital nomads, the forum features real entrepreneurs creating real businesses.

    Download (Unscripted) Download (Millionaire Fastlane)  Register
    Registering for the forum removes this block!

INTRO I've sold over $1,000,000 in products - Cool right?

Discussion in 'Forum Introductions (Who are you!?)' started by TheGuru, Apr 24, 2018.

  1. TheGuru
    Offline

    TheGuru Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

    Messages:
    10
    Likes Received:
    41
    Joined:
    Feb 19, 2015
    Gender:
    Male
    Location:
    Australia
    Rep Bank:
    $227
    Hey guys!

    I joined this forum a few years ago and have never contributed or even stuck around for more than 5 minutes to make a post. Don't ask me why. I have no idea.

    First things first I'm not a guru, I despise them and I can only assume I chose that username in 2015 because I was drunk or a comedian for a day.

    Anyway, Here's my short story.

    I'm in my late twenties and based in Western Australia - Moving to the East Coast soon.

    -I've been involved in eCommerce (not Amazon) for about 8 years - wow
    -I'm self taught - wow
    -I've sold over $1,000,000 in products on the internet - wow ("sales" mean nothing)
    -bla bla

    I've acquired a lot of skills over the last 8 years and I'm still no where near where I need to be to be "successful".

    My biggest problem is comfort and lack of motivation - Does anyone else struggle with this? Any suggestions with lighting a fire to remove comfort?

    I make enough to pay my bills, hit the sidewalk on the weekend and not stress too much about my finances (Until tax time - I really should start making monthly contributions)

    I have no real reason to work, no real "why" and "motivation" doesn't seem to last long for me. I think that's common, but who knows.

    I thought I'd get involved in the forum as I find myself slipping into a hole of loneliness and lack of real "spark". Working as a one man show for this long has taken its toll and its time to make a change and start meeting some like minded people in the same space of crushing life.

    This is a down day for me so don't be too harsh, I'm normally a bit more up beat.

    Hit me up if you want to talk sales, marketing, life, personal development - Anything!
    Based in Australia? Give me a call, meet up for a coffee/beer.

    Looking forward to being part of this community.

    Thanks Guys
     
    Silver Silk, NickB, Midas and 17 others like this.
  2. 12B745
    Offline

    12B745 Contributor Read Millionaire Fastlane FASTLANE INSIDER

    Messages:
    18
    Likes Received:
    21
    Joined:
    Aug 10, 2017
    Location:
    US
    Rep Bank:
    $150
    If you wouldn't mind me asking, how much did you invest into your product before selling it? What was the trademarking or patent process like?

    Sent from my SAMSUNG-SM-G891A using Tapatalk
     
  3. jon.M
    Offline

    jon.M The Well Defined Forum Member Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

    Messages:
    383
    Likes Received:
    1,216
    Joined:
    Jul 4, 2016
    Gender:
    Male
    Location:
    Europe
    Rep Bank:
    $420
    Welcome to the forum. Looking forward to seing your contributions on the board.

    Why don't you read this story by @Andy Black (It's not really motivational, but I think it's still helpful in a way):
    Clarity of Purpose
     
    TheGuru and Andy Black like this.
  4. TheGuru
    Offline

    TheGuru Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

    Messages:
    10
    Likes Received:
    41
    Joined:
    Feb 19, 2015
    Gender:
    Male
    Location:
    Australia
    Rep Bank:
    $227
    Hey mate, the answer to that question is $0.

    For any business I decide to take on, I ensure I can actually sell the item before I even think about purchasing it. Validating a business idea is the most important step IMO.

    Once validated, I'll start off with small wholesale purchases until I can get some traction and then I'll look to buy more quantity at lower rates.

    I mainly work with private labeling already existing products. They already exist, I just give them a cooler brand and out market other companies. OR I launch them in countries where the product has never been seen before.

    I always make sure I'm not breaking any patent or trademark law before I sell any product.

    Once I have the brand making some money, I trademark my brand. The product isn't the business, the brand is.

    Hopefully that answers your question.
     
    Last edited: Apr 24, 2018
    Silver Silk, NickB, Jello and 4 others like this.
  5. 12B745
    Offline

    12B745 Contributor Read Millionaire Fastlane FASTLANE INSIDER

    Messages:
    18
    Likes Received:
    21
    Joined:
    Aug 10, 2017
    Location:
    US
    Rep Bank:
    $150
    I really appreciate your response. These are some things I'll definitely be needing to look into as well.

    Sent from my SAMSUNG-SM-G891A using Tapatalk
     
    TheGuru likes this.
  6. TheGuru
    Offline

    TheGuru Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

    Messages:
    10
    Likes Received:
    41
    Joined:
    Feb 19, 2015
    Gender:
    Male
    Location:
    Australia
    Rep Bank:
    $227
    Hey Jon, That's a great read, I took some good lessons from it.

    I've definitely got to work on this issue. My problem is I have absolutely no interest in the products I sell, I don't care about my customer and their need for the product. I simply find a great niche and I market a great product, but its very hard to get excited about it.

    I know its not my true calling, I need a massive shake up. But this business is the closest thing I have to the fastlane. It has kept me away from the slowlane for more than 5 years and Its been great. I can never go back. I just need a more compelling reason or a product that I feel proud to market.

    I'm so against consumerism that selling consumer products feels like it goes against what I stand for.

    Still hunting for that business idea that aligns with my true values. In the mean time I'll keep going with eCommerce, I'm very grateful for where it has taken me and what it has helped me to escape (the rat race).
     
    Silver Silk, Jello, TheCj and 3 others like this.
  7. Andy Black
    Online

    Andy Black Any colour, as long as it's red. Staff Member Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR

    Messages:
    7,948
    Likes Received:
    33,627
    Joined:
    May 20, 2014
    Gender:
    Male
    Location:
    Ireland
    Rep Bank:
    $187,688
    I was asked a great thought-provoking question a while back:

    “If money was no object, what work would you be doing?”



    Then he asked:

    “What’s stopping you?”


    You don’t have to answer, but maybe mull them over for a while.

    The second radio interview in my signature might help too. I think I rambled on about motivation.
     
    Kak, Jello, 12B745 and 1 other person like this.
  8. Tommo
    Offline

    Tommo Bronze Contributor Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

    Messages:
    300
    Likes Received:
    452
    Joined:
    Jan 21, 2018
    Gender:
    Male
    Location:
    Perth Australia
    Rep Bank:
    $1,495
    i'L
    I'll contact you sometime for a beer and a coffee. I'm stuck in the Red Centre presently plotting away for when my contract is over. Maybe we can bounce ideas off each other sometime.
    Cheers and have a good Anzac Day tomorrow.
    Tommo
     
    Silver Silk and TheGuru like this.
  9. SquatchMan
    Offline

    SquatchMan Gold Contributor Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

    Messages:
    449
    Likes Received:
    1,602
    Joined:
    Dec 27, 2016
    Gender:
    Male
    Location:
    Nowhere
    Rep Bank:
    $1,940
    Have you considered creating your own products that solve problems you have in your hobbies/interests?

    Right now you're just outmarketing the competition and not creating anything new yourself (besides a brand). Right?

    If you created a brand new product that you could call your own and that solves a big problem, then I think you'd see more motivation.

    There are a few Gold threads on the Inside by @Vick and @Scot about their journey creating new products that solve real problems. The response from the market seems like it'd provide plenty of motivation to keep going forward.
     
    TheGuru, 12B745, Scot and 1 other person like this.
  10. TheGuru
    Offline

    TheGuru Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

    Messages:
    10
    Likes Received:
    41
    Joined:
    Feb 19, 2015
    Gender:
    Male
    Location:
    Australia
    Rep Bank:
    $227
    I love that quote! I haven't heard it in a long time - Thanks for reminding me about it. I'll also check out the radio interview.

    @Tommo - Ahh damn, I'm over in Brisbane for a couple of weeks. Definitely keen to catch up when I'm back though. I'll hit you up. Hope your Anzac day is a good one also.
     
    Tommo and Andy Black like this.
  11. TheGuru
    Offline

    TheGuru Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

    Messages:
    10
    Likes Received:
    41
    Joined:
    Feb 19, 2015
    Gender:
    Male
    Location:
    Australia
    Rep Bank:
    $227
    Hey @SquatchMan
    I know exactly what you're saying and I agree with you 100%. Selling other peoples products doesn't really get me fired up like "creating" does.

    I guess it really comes down to:

    -Do I want to make some money and use that money to create a lifestyle for the future?
    -Or do I want to worry about my day to day feelings and constant struggle to feel like I'm passionate about my business?

    Depending on my mood I could choose either/or.

    I guess its a balancing act that will come with time.

    Having these conversations is definitely helping. I appreciate talking it out with you.
     
    Jello likes this.
  12. IGP
    Offline

    IGP Gold Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

    Messages:
    506
    Likes Received:
    1,322
    Joined:
    Aug 24, 2015
    Gender:
    Male
    Rep Bank:
    $7,734
    Yes, I've felt like this and still do sometimes.

    I'm married with two kids, so it's not as simple for me to just "go do whatever makes me happy". I mean playing golf and drinking beer wont pay the rent. haha.

    Seriously though, what you need to do is find a way to separate yourself from working in that business. This is what I would do, put someone in place to work on it for you and keep the revenue coming in on auto-pilot.

    Then move on to what makes you happy and if it's lower pay, it won't matter because you have residual income coming in.
     
  13. 458
    Offline

    458 Platinum Contributor Read Millionaire Fastlane Speedway Pass

    Messages:
    1,029
    Likes Received:
    2,866
    Joined:
    May 21, 2011
    Rep Bank:
    $18,805
    Your motivation should come from understanding your whole financial success is built on top of sand. Your motivation to kill it every day should be the desire to build a moat so wide and large that nothing in the future can ever take you backwards, only forward.
     
    Jello and TheGuru like this.
  14. Bennu
    Offline

    Bennu Contributor Read Millionaire Fastlane

    Messages:
    15
    Likes Received:
    40
    Joined:
    Apr 19, 2018
    Gender:
    Male
    Rep Bank:
    $202
    Hey there! I've been pretty anti-consumerism my whole life as well, with a severe aversion to marketing and sales. However, I've realized lately that if I am truly providing something helpful, then learning that stuff to help as many as possible is only a good thing!

    You said that you don't really care about the customers and just find niches to sell. That could be the core of why you've felt a lack of motivation. Not trying to judge here, just hoping that you find something that can help folks and thereby find a bit of passion and motivation again!

    Good to meet you!
     
    TheGuru likes this.
  15. TheGuru
    Offline

    TheGuru Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

    Messages:
    10
    Likes Received:
    41
    Joined:
    Feb 19, 2015
    Gender:
    Male
    Location:
    Australia
    Rep Bank:
    $227
    You are right, I'm in the process of trying to remove myself from the business, its just taking way longer than expected. That's definitely the right way to go about things.
     
    Silver Silk likes this.
  16. MJ DeMarco
    Offline

    MJ DeMarco Raving Lunatic Staff Member Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

    Messages:
    28,045
    Likes Received:
    93,350
    Joined:
    Jul 23, 2007
    Gender:
    Male
    Location:
    Phoenix, AZ
    Rep Bank:
    $404,726
    Admin Post
    Welcome aboard my friend. Another doer! Hope you find the community helpful.
     
    Silver Silk and TheGuru like this.
  17. IGP
    Offline

    IGP Gold Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

    Messages:
    506
    Likes Received:
    1,322
    Joined:
    Aug 24, 2015
    Gender:
    Male
    Rep Bank:
    $7,734
    You need to have systems & processes for each scenario, which should be the easy part. The hard part is finding a good person you can trust and putting them in a position to run everything.

    This is one of my sites from last year... I hired 1 employee to do customer service, shipping and fulfillment in Dec 2016 - So, basically "training" for an entire year.

    2017.jpg

    This is this 2018 YTD..
    2018.jpg

    We are actually little bit more efficient net profit wise, but less ad spend and me doing nothing other than place the orders to China and monitor ads (literally a few hours a week max)

    She handles everything else... soup to nuts!
     
    Silver Silk, NickB and TheGuru like this.
  18. Quenel
    Offline

    Quenel New Contributor

    Messages:
    1
    Likes Received:
    2
    Joined:
    Jan 9, 2015
    Gender:
    Male
    Rep Bank:
    $31
    Hey mate,
    I have been browsing this forum for years now but never been one to actually post. This post for some reason really hit home with me as I was only thinking very similar thoughts just a few days ago.

    I am based in Brisbane and have a few projects on the go. Also in the process of finding something "meaningful" that drives me a little more. Just thought I would say if you are ever in the Brisbane area and want to meet up for a coffee and a chat feel free to hit me up. It's amazing how much a good chat can get you moving in the right direction.
     
    Silver Silk and TheGuru like this.
  19. TheGuru
    Offline

    TheGuru Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

    Messages:
    10
    Likes Received:
    41
    Joined:
    Feb 19, 2015
    Gender:
    Male
    Location:
    Australia
    Rep Bank:
    $227
    That's awesome man, it looks good YTD, you won't finish too far behind the year before. But as you said much less hands on which is perfect.

    What do you pay your VA/employee?

    An issue I'm finding is not being able to give them enough hours. I've automated so much that there isn't much to do. Sometimes I need them 20 hours in the week and sometimes 3 hours.

    I think I need to come up with a strategy for freelancing tasks out rather than having an employee. Or hire someone worth a bit of money so they can help me expand the business, and not just do the basic customer service and fulfillment work. You get what you pay for I guess.
     
  20. IGP
    Offline

    IGP Gold Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

    Messages:
    506
    Likes Received:
    1,322
    Joined:
    Aug 24, 2015
    Gender:
    Male
    Rep Bank:
    $7,734
    She is local and I pay her $16/hr... but my situation is different because I import and these products need to be put together a little bit before they are sold. This is 100% FB ads... So, there is a lot of BS work to do with messages, comments, support etc. I trust her with thousands in inventory, so I dont mind paying a bit more.

    I also have multiple sites, so she works on other stuff too.

    However, even if she only worked on this site and I payed her 35K-40K/year, the site would still generate $100K+ in net profit (I still have operating expenses etc.) and I don't do anything. ;)
     
    Silver Silk and NickB like this.
  21. Jordan James
    Offline

    Jordan James New Contributor

    Messages:
    1
    Likes Received:
    1
    Joined:
    Jul 13, 2017
    Gender:
    Male
    Location:
    Perth, Western Australia
    Rep Bank:
    $22
    Hey mate

    I'm in WA also, are you in Perth?

    Thanks for your post, really great read. I've been a lurker on this forum for a while now too, it's awesome to see someone else from WA going after the fastlane lifestyle!

    I've been running an events hire business here for about 5 years, it allows me to work about 2 days a week and escape the rat race. Still pretty limited as far as scalability is concerned though.

    I've been slowly putting together another business in my spare time selling a digital product online, I'm starting to have some small wins with this which is encouraging.

    Would love to grab a beer/coffee sometime if you're up for it?
     
    Silver Silk likes this.
  22. cappirx
    Offline

    cappirx New Contributor

    Messages:
    12
    Likes Received:
    14
    Joined:
    Mar 16, 2018
    Gender:
    Male
    Location:
    Austria
    Rep Bank:
    $76
    Hey, congrats on your success! Just a quick question - could you please share your method of validating a business or product idea?

    Before deciding for my niche, I was thinking about setting up a mockup website and run some FB ads to see if people would be interested. But then again, setting up a quality looking mockup takes almost as much time as setting up the real thing, so I decided against it.

    I didn't validate my idea, but I'm pretty sure that it'll work, because the I chose a sub-nice in an evergreen market. Nevertheless, I'd be interested to know more about testing product/business ideas.

    Thanks!
     
  23. ygtrhos
    Offline

    ygtrhos Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

    Messages:
    68
    Likes Received:
    76
    Joined:
    Dec 27, 2016
    Gender:
    Male
    Rep Bank:
    $516
    Hey dude!

    First of all, thanks for being so open and authentic.

    I understand that you have a problem of WHY.

    I have not solved that problem myself but I have to say that you might need a pattern break maybe. There are tons of stuff you can do in different parts of the world. Maybe you should take on a month's trip to some destination not in the first world?

    I see this problem of WHY in many Westerners. I think you guys do not grow up with enough problems to solve.

    Just my two cents, maybe it is not true for you, buy I wanted to contribute.

    Greetings!
     
  24. Lukebrisbane
    Offline

    Lukebrisbane Contributor Speedway Pass

    Messages:
    61
    Likes Received:
    67
    Joined:
    Feb 19, 2014
    Gender:
    Male
    Location:
    Brisbane, Australia.
    Rep Bank:
    $350
    Hey man,

    If you come around Brisbane way I'd be keen for a beer. I dabbled in e-commerce creating a men's grooming online store that didn't work out, but I still love talk about this stuff.

    -Luke
     
  25. Kieran Butler
    Offline

    Kieran Butler New Contributor

    Messages:
    9
    Likes Received:
    8
    Joined:
    Jun 22, 2017
    Gender:
    Male
    Location:
    Ireland
    Rep Bank:
    $51
    Namaste Guru :) nice intro & I get you when you said:

    Had this feeling for the last few years and finding my 'WHY' became a bit of an obsession, I really do think it's a major problem with a lot of people. Anyway I came up with this 2 page pdf so rather than regurgitate it, here's a link.
    https://thecaptainslog.com/wp-content/uploads/2017/10/discover-your-inner-compass.pdf

    It's a little old now but hopefully it might be of some help to you.

    Anyway don't give up until you find it :)

    All the best
     

Join 1000s of entrepreneurs who are rewriting life's script and winning financial freedom.

---- ----

You must be a member to join the conversation.

Create Account

Join the community fast and easy!

REGISTER

Log In

Already have an account? Login here.

LOG IN

Share This Page