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EXECUTION [Progress] Expanding Demand and Gaining Control

Discussion in 'Progress/Execution Threads' started by ProblemSolving, May 1, 2018.

  1. ProblemSolving
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    ProblemSolving Contributor Read Millionaire Fastlane FASTLANE INSIDER

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    The Fiverr business
    My old thread was about a Fiverr business, and the business died.
    Not completely, but it's no longer sustainable.

    I still got a client outside Fiverr, and to me that is very valuable. Because that is a piece of control.

    The strategy
    I'm pretty good at stay alive. But without a strategy, it's hard to build long term success.
    Usually a lack of control is acceptable, as long as I use it to gain more control. For example, Fiverr is a low-control platform, but I can still get one outbound clients to gain more control.

    I studied people who have their own sites, their own audience, their own customers, and their own distribution.
    The pattern I see is that it goes for a long time without any return, and then it starts to generate returns and the owner can survive with it, and if the owner can survive and dominate the market he will have a good life.
    The upside is that nothing can take the profit away.

    Let's try to build a highly control business.
     
    Last edited: May 1, 2018
  2. ProblemSolving
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    ProblemSolving Contributor Read Millionaire Fastlane FASTLANE INSIDER

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    Eat cheap
    “Nice! chicken nuggets” I found on Walgreens. 5 bucks. 1800 total calories.
    If I found myself in a pinch, that’s how I will live.
     
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    Quit my excuses and start cold calling tomorrow
    So I found the Udemy website (thanks @Fox), and finally finish my first sample page.
    The next step is to start cold calling.
    Then I hem and haw.
    Maybe my website can be done better.
    And the whole day passed and I didn't calling any restaurant.

    That's a f*cking excuse.
    Tomorrow I'll cold call restaurant, that don't have a beautiful website, to sell my services.
     
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    ProblemSolving Contributor Read Millionaire Fastlane FASTLANE INSIDER

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    Cold calling a restaurant. It just one piece of action.

    I talked with a programmer with his own business, and he gave me a few tips in finding clients and filing taxes.

    And I know I'm still very ignorance. Flying blind my whole life.
    So I'm going to lots business meetings, talking with people, to make me a less ignorant person.
     
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    ProblemSolving Contributor Read Millionaire Fastlane FASTLANE INSIDER

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    New job.
    It's necessary to get industry knowledge.
     
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    Now I have 5 jobs. The question is, how can I make sure I do well in all of them.

    Essentially I evaluate a job/venture by 4 dimensions:
    - Risk
    - Reward
    - Potential
    - Synergy

    And I mix between low risk/medium reward day job. With a high risk/high reward side hustle. With a medium risk/low reward business for now but high potential in the future. With a low risk/low reward and low potential online gig but synergize well with my lifestyle.

    So they are all important, in some way, and I'll have to juggle well.
    The thing is, in the past I held 2 jobs maximum. Now with 5 jobs, how can I make sure I do well in all of them?

    I personally think I need some principles to guide me. Here are some principles:
    #1: Be goddamn useful to employers/customers.
    #2: Look for advancement opportunity
    #3: Listen to mentors. Listen to customers. Listen to feedback. Apply all of them
    #4: Honor my promises
    #5: It’s cheaper to keep customers than to find new customers
     
    Last edited: Jun 7, 2018

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