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Progress thread - My first CENTS business? Let’s see execution

A detailed account of a Fastlane process...

KJFast

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Dec 8, 2023
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Hey guys, going to be posting progress in here continually. Maybe not daily but as common as I’ve made a new leap.

Couple nights ago I had an idea hit me slam in the face, did some research and my idea only solidified. I then checked if it was CENTS, sure enough: it is! It’s also achievable on my budget and doable with my skills or skills I could learn in not too long.

Currently I run a retail ecommerce product based business that makes little sales. I started this before ever reading MJ’s books after reading just the 4 hour work week. I dived head first into making this current business after discovering the product for myself and thinking “I want to sell this”. I’ve learnt so much from this “failed” business that I’m still running. It turns a profit though not even enough to cover bills (Though could reasonably be scaled to do this). It violates CENTS though and couldn’t outsource the product fulfilment due to the product being “high risk”.

NOW

My next business, which I’ve already solidly decided is a good idea and I will work on making it happen til it either falls flat or succeeds.

It’s relatively easy to setup, just a website is needed and then could market with google ads/free social media methods.
Decided on my value skews, solving really common pain points. Big enough market size to make easily enough money to set me mostly free. Admittedly this biz won’t be valued in the millions but it’s a great start

I’ll post progress once I’ve made the site, not going to bore people with any action fakes like “wow I bought the domain” (Which admittedly I have)
 
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lifemaker

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Oct 26, 2023
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Hey guys, going to be posting progress in here continually. Maybe not daily but as common as I’ve made a new leap.

Couple nights ago I had an idea hit me slam in the face, did some research and my idea only solidified. I then checked if it was CENTS, sure enough: it is! It’s also achievable on my budget and doable with my skills or skills I could learn in not too long.

Currently I run a retail ecommerce product based business that makes little sales. I started this before ever reading MJ’s books after reading just the 4 hour work week. I dived head first into making this current business after discovering the product for myself and thinking “I want to sell this”. I’ve learnt so much from this “failed” business that I’m still running. It turns a profit though not even enough to cover bills (Though could reasonably be scaled to do this). It violates CENTS though and couldn’t outsource the product fulfilment due to the product being “high risk”.

NOW

My next business, which I’ve already solidly decided is a good idea and I will work on making it happen til it either falls flat or succeeds.

It’s relatively easy to setup, just a website is needed and then could market with google ads/free social media methods.
Decided on my value skews, solving really common pain points. Big enough market size to make easily enough money to set me mostly free. Admittedly this biz won’t be valued in the millions but it’s a great start

I’ll post progress once I’ve made the site, not going to bore people with any action fakes like “wow I bought the domain” (Which admittedly I have)
Sounds like you have the correct mindset.
Great job for not action faking. Keep it up!
Good probability to your path!
 

KJFast

Bronze Contributor
FASTLANE INSIDER
Read Fastlane!
Read Unscripted!
Speedway Pass
User Power
Value/Post Ratio
72%
Dec 8, 2023
140
101
Sounds like you have the correct mindset.
Great job for not action faking. Keep it up!
Good probability to your path!
Thank you! I can tell the difference between action faking and meaningful action pretty well now. When I validated this concept it was a “holy F*ck” moment of knowing that I can pursue something truly CENTS. Admittedly I don’t think it’ll be a business that I could liquidate and create a paycheck pot, though it will give me such a level of freedom!

It’s purely digital too and most day to day operations passive! Though I admit and know nothing is truly ever completely passive, unless a paycheck pot!
 

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