New Buddy You've Got: Crazy Brazilian Medical Student Giving Up US Residency For Fastlane

[Hermilio]

Hey there! I'm new on the Fastlane Forum and I hope I can help you become a better entrepreneur through my posts and my perspective!

So yeah, I'm pretty much what the title says! I'm Hermilio, I'm a medical student in Brazil who not three months ago was all set for going for a residency in the United States. Pretty much the Slowlane on steroids, the "greatest achievement" of the job mindset ever. It may sound like I think I'm hot stuff, but I'm really just a chump who thinks too much and has a crazy obsession with optimization.

Anyways, I haven't officially divorced the Slowlane, or dropped out of medical school. However, from now on I'm putting 99% of my focus on building a business on a content based system which will teach how to study medicine effectively for 10.000 Brazilian medical students. My course will be priced at roughly US$599.87 (roughly R$3,000.00). I'm using a launch model of sales and generating leads through free E-Books.

I'm going to provide so much value, bastard's going to think I'm crazy.

See you around, Fastlaners!

 

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[Zealander]

Hi Hermilio, welcome to the forums!
As somebody who is involved in the e-learning space (udemy instructor + software engineer) I would really be careful about making rash decisions regarding your career and the residency spot. I don't want to be a downer but a market of 10.000 students is not that much considering that most poor medicine students will never shell out 600 bucks.

Also, at least to me it seems like if you got a residency spot in US and are debt free than it seems like a very good way to setup a great business later. Because the barriers to entry are much higher and people will never save when it comes to their health. Seting up your own clinic or something like that would probably make you a millionaire fast. On the other hand anybody with an internet connection can create an online course so it is a really cut throat market where 600 prices are really not that common in 2020.

Just saying that you already did all of the hard work of getting specialized knowledge, why not reap the rewards. You can always try selling the course on the side is what I am saying. Good luck!

 

[Putt]

@Zealander raises some important points here.

Check out Ali Abdaal, he's a British medical student, now junior doctor who ran a YouTube channel and later set up a med school admission coaching course/service. It might be a good source of inspiration for you.

 

[Hermilio]

@Zealander raises some important points here.

Check out Ali Abdaal, he's a British medical student, now junior doctor who ran a YouTube channel and later set up a med school admission coaching course/service. It might be a good source of inspiration for you.

Hey, nice suggestion! Ali's great.

He's a great source of inspiration. The guy's awesome and teaches a lot about productivity, effective study methods and surprisingly, video editing.

 

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[Hermilio]

Hi Hermilio, welcome to the forums!
As somebody who is involved in the e-learning space (udemy instructor + software engineer) I would really be careful about making rash decisions regarding your career and the residency spot. I don't want to be a downer but a market of 10.000 students is not that much considering that most poor medicine students will never shell out 600 bucks.

Also, at least to me it seems like if you got a residency spot in US and are debt free than it seems like a very good way to setup a great business later. Because the barriers to entry are much higher and people will never save when it comes to their health. Seting up your own clinic or something like that would probably make you a millionaire fast. On the other hand anybody with an internet connection can create an online course so it is a really cut throat market where 600 prices are really not that common in 2020.

Just saying that you already did all of the hard work of getting specialized knowledge, why not reap the rewards. You can always try selling the course on the side is what I am saying. Good luck!

Hey Zealander, thanks for giving your time and giving me your advice.

Frankly, I'd rather jump off a bridge than go through the residency process and back to that Slowlane again.

There's a niche and there may be an unsolved want there - Brazilian medical students suffer through idiotic study methods and may respond to a product which frees up their time and gives them the ability to produce lasting knowledge.

I find that while entry barriers are relatively small (building a website, gathering a following in social media, selling to them) the process of building a qualified, warmed list (gathering leads, warming leads, building authority, and using launches) may be a bit harder to get into.

I'm currently headed for a test launch, on which I plan to spend US$50 (R$300) on marketing and structure in order to gather some recurring income customers first.

Until then, it's producing and distributing content, and gathering leads. I'm willing to power through mistakes, failures and a long time of unpaid work in order to create a profitable process.

But hey, thanks for the advice - you're an awesome guy for helping out!

 

[Hermilio]

I'd also like to call on our Saint @MJ DeMarco, on the tiny hope that he sees this young stupid kid starting out and gives more of this much needed criticism.