Random Chat, Thoughts, Posts, and/or Rants Thread

[becks22]

Overstock.com/ Bed, Bath, and Beyond is hiring a new CMO for the transition. In terms of jobs, something like that actually sounds fun. Creating a marketing strategy for such a big brand and how it is perceived. Seems like a fun challenge. Dealing with the bureaucracy I'm sure not so much but still sounds like a rewarding puzzle to me.

 

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[MJ DeMarco]

Is Singapore completed owned by the World Economic Forum?

I think so. In fact, I think that Singapore is the WEF's pilot program.

That said, based on what I've seen, Singapore really seems like a beautiful place to live, but that can just all be propaganda.

Anyone in Singapore care to comment?

Or will you be carted off and thrown into a re-education camp?

 

[MTF]

Is Singapore completed owned by the World Economic Forum?

I think so. In fact, I think that Singapore is the WEF's pilot program.

That said, based on what I've seen, Singapore really seems like a beautiful place to live, but that can just all be propaganda.

Anyone in Singapore care to comment?

Or will you be carted off and thrown into a re-education camp?

View attachment 51714

It's been like this for a long time in Singapore. Consider how tiny the nation is and how many people live there. They regulate it because otherwise it would be one giant highway.

As for a beautiful place to live: only if you like big cities. I've only been there for 2 days but claustrophobia already gets you by then.

There's nowhere you can escape to.

Granted, there are some quieter areas but you're never far away from the city. And most likely you'll never live in a nice detached house as such houses in Singapore cost on average $10+ million (and that's not for a luxurious villa, just a regular house).

 

[biophase]

I always thought an average screen time of 3 hours was bad (50% of it is on the flf, and my phone being on from music)

I want to get down to one hour, but.

3x7=21 hours a week.

There are some people in my class doing 15 hours IN A DAY.

15x7 = 105 hours a week.

Some of them go to bed at 2 am and have to wake up at 7!

It’s scary to see this generation’s trajectory in the future..

Mine is like 7 hours but when I check it, it includes any time you are on gps driving and also if you are playing a pandora, listening to YouTube or podcast. So it’s really not a good measurement of real phone time.

 

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[MJ DeMarco]

I just returned from AZ and stayed at Talking Stick Resort, the place I lasted hosted a FL Summit.

Well I can tell you that if I ever host a Fastlane Summit again, it won't be at the Talking Stick Resort. They ruined that place -- the cigar lounge was raked over for high limit slots, they removed the buffet that overlooked the shimmering pools and turned it into a dark cavern, filled with--- you guessed it, more slots. The poker room was also converted into slot machines and thrown outside in a big plastic tent. The place used to feel like a nice Vegas hotel, now it feels like an old casino trying to harvest every dollar that walks in.

 

[ZackerySprague]

Bring the Summit to Dallas-Fort Worth! Pretty big place, lots of conventions run here.

 

[socaldude]

Anyone in Singapore care to comment?

@Kevin88660

 

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[loop101]

Just two kids sharing a drink and a laugh.

https://twitter.com/i/web/status/1710418734777573869

View: https://twitter.com/FreyjaTarte/status/1710418734777573869

 

[loop101]

Why people start businesses, by state:

 

[rjdgreat]

thoughts on this

https://twitter.com/i/web/status/1710296656124452955

View: https://twitter.com/tmukogo/status/1710296656124452955

 

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[rjdgreat]

LOL

https://twitter.com/i/web/status/1710359968765866221

View: https://twitter.com/TheFigen_/status/1710359968765866221

 

[MTF]

The world of Twitter/X business gurus reminds me of universities. Each time I stumble upon some "great" advice on marketing/business/startups, it comes from a guy who has no regular business other than a business for founders (a newsletter, a podcast, software).

Sign up for my founder newsletter teaching you how I built a newsletter on building newsletters for founders.

Sign up for my course for founders on how I made $100,000 teaching other founders how I made $100,000 on founders.

Subscribe for my software for founders which I built to help you sell to founders who are selling to founders.

Feels awfully similar to "come and study Greek philology so you too can teach someone else Greek philology."

 

[MJ DeMarco]

Feels awfully similar to "come and study Greek philology so you too can teach someone else Greek philology."

In the 90s, we called this the envelope stuffing scam.

Earn $1 for every envelope you stuff. Send me a letter for details.

After sending the letter, the scammer says, "Pay me $10 and Ill give you the secret."

After sending the $10, he replies, Just repeat exactly what I did to you-- place an ad in a newspaper and for every 10 envelopes you send to random people who inquired, 1 sucker will pay you the $10 -- voila, $1 per envelope.

 

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[Black_Dragon43]

The world of Twitter/X business gurus reminds me of universities. Each time I stumble upon some "great" advice on marketing/business/startups, it comes from a guy who has no regular business other than a business for founders (a newsletter, a podcast, software).

Sign up for my founder newsletter teaching you how I built a newsletter on building newsletters for founders.

Sign up for my course for founders on how I made $100,000 teaching other founders how I made $100,000 on founders.

Subscribe for my software for founders which I built to help you sell to founders who are selling to founders.

Feels awfully similar to "come and study Greek philology so you too can teach someone else Greek philology."

It’s sort of normal if you think about it. By being around someone who is building a coaching business, so long as you pay attention, you’ll learn a lot about how to build that kinda business. Even if the coaching is on a different topic.

Because that’s what you’re exposed to: great coaching. If you want to build a plumbing business, hang around a plumber.

The difficulty here is that doers usually don’t let you hang around them. So the next best thing is to have a teacher who will teach you that, while exposing you to great teaching.

 

[RicardoGrande]

1. You're not going to build a business fresh off the boat.

There is an "E" in CENTS for ENTRY, and ENTRY basically means SKILLS.

People are paying you when you can do something they cannot.

So LEARN SOME SKILLS. Anything.

• Learn to cook and sell food.
• Learn to clean and sell cleaning service.
• Learn beekeeping and sell honey.

A classmate from university was selling cakes online.

Earlier I went to buy stuff from a shop called "Mega China" owned by a guy who don't even speak the local language - his skills is to import a million different items from China and stack them on shelves.

Business is simple. Make/buy something -> sell it.

But it demands skills. Which skills?

Let's ask Naval Ravikant: Learn to sell, learn to build, if you can do both, you will be unstoppable.

This is a huge one. Read TMF in 2019 as well and found the forum but was looking for an easy "out" and I was fresh out of college without much in real-world industry skills. Tried a couple of the touted classic freelancing routes that now have a (deservedly) bad rep and even went in on web design after a pretty big FTM at work 2 years back. Now I look back and realize I could have chose something, put time and faith into it every day, and in the last 5 years try a solid 2-3 businesses instead of agonizing and researching and "sorta" trying a business but not committing or forcing something that doesn't align with my skill stack (freelance business writing way back when) just because I wanted what was "fast" and was being immature and didn't want to accept the best bet was to hop around jobs to max out pay/skills WHILE looking for opportunities to exploit.

At the very least I kept my dayjob and kept up with job skills and saved up money (that I never quite committed to a business... but it's still there at least). I won't hate myself for the years lost but I will gladly admit it could've been executed better, and I'd say any young TFFer would do well to take a moment to savor Monfii's post.

 

[monnffffiiiiiii]

This is a huge one. Read TMF in 2019 as well and found the forum but was looking for an easy "out" and I was fresh out of college without much in real-world industry skills. Tried a couple of the touted classic freelancing routes that now have a (deservedly) bad rep and even went in on web design after a pretty big FTM at work 2 years back. Now I look back and realize I could have chose something, put time and faith into it every day, and in the last 5 years try a solid 2-3 businesses instead of agonizing and researching and "sorta" trying a business but not committing or forcing something that doesn't align with my skill stack (freelance business writing way back when) just because I wanted what was "fast" and was being immature and didn't want to accept the best bet was to hop around jobs to max out pay/skills WHILE looking for opportunities to exploit.

At the very least I kept my dayjob and kept up with job skills and saved up money (that I never quite committed to a business... but it's still there at least). I won't hate myself for the years lost but I will gladly admit it could've been executed better, and I'd say any young TFFer would do well to take a moment to savor Monfii's post.

Same here about speed.

I saw startups raising millions and founders becoming millionaires over night, so I wanted the same.

I joined a startup and my net worth jumped to 350k on paper at some point but then it (evidently) crashed hahaha

It's annoying it's called the millionaire fastlane as it gives you the impression that you can make it in 6 months.

But no! The fastlane is actually 10 years! Still better than 45, but go find a young person who has a 10-year plan today.

But I've learned my lesson. I no longer want money as much as I want control over my time to do the stuff I want to do.

My purpose is now to build a small online business making 5-10k of profit per month. If i manage, I'll be the happiest man on earth!

 

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[Jrjohnny]

Same here about speed.

I saw startups raising millions and founders becoming millionaires over night, so I wanted the same.

I joined a startup and my net worth jumped to 350k on paper at some point but then it (evidently) crashed hahaha

It's annoying it's called the millionaire fastlane as it gives you the impression that you can make it in 6 months.

But no! The fastlane is actually 10 years! Still better than 45, but go find a young person who has a 10-year plan today.

But I've learned my lesson. I no longer want money as much as I want control over my time to do the stuff I want to do.

My purpose is now to build a small online business making 5-10k of profit per month. If i manage, I'll be the happiest man on earth!

I mean, it could be possible in 4-6 months, sometimes the biggest stuff could happen overnight.

There has been constant examples of companies who have a productacy, and they go to sleep one night happy with 5 sales a day, then they wake up and they sold out and have a pre order list of thousands because some influencer showed their product for 0.001 seconds.

My dream is to make my first 100 dollars, my first 1 thousand, my first 1 thousand in a month, my first 10k, my first 10k in a month and so on.

I want to hit a goal, than hit that goal again but within a time frame.

The skies the limit, but you choose where to put the bar.

 

[MattR82]

Is Singapore completed owned by the World Economic Forum?

I think so. In fact, I think that Singapore is the WEF's pilot program.

That said, based on what I've seen, Singapore really seems like a beautiful place to live, but that can just all be propaganda.

Anyone in Singapore care to comment?

Or will you be carted off and thrown into a re-education camp?

View attachment 51714

I remember hearing about their strange car registration laws a long time ago. Something about different zones you can and can't drive in too? And there's a transponder or something weird but I may have that wrong. Sounds crap though.

However, it's so easy to get around that city, even in peak traffic, a taxi was no issue.

I was talking to some Sth African friends of mine yesterday that moved from Singapore to Australia. They said it was more affordable than most people think, but their kids were getting older and asked if they could live in a house with real grass outside.
Personally I found it a bit boring. But all the expat corporate office workers I was having lunch next to every day seemed to love the place.

edit: I think they also said the tax rate was super low, like 7% or something. But that doesn't seem to add up to what I've read.

 

[loop101]

TMFL sighting

 

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[Kak]

thoughts on this

https://twitter.com/i/web/status/1710296656124452955

View: https://twitter.com/tmukogo/status/1710296656124452955

100%.

Also, IMO scrap 5 years of financial projections too. It's always guess based on a horrible assumption. Which is a lie.

Instead show the power of the venture by limiting assumptions and explain why we could expect X level of revenue soon because of whatever. Comps, commitments, and other plausible things.

Figure out your marginal cost so you can estimate profit.

Explain how your previous plausible assumption is just the beginning.

This model has always worked well for me.

 

[Kak]

Is Singapore completed owned by the World Economic Forum?

I think so. In fact, I think that Singapore is the WEF's pilot program.

That said, based on what I've seen, Singapore really seems like a beautiful place to live, but that can just all be propaganda.

Anyone in Singapore care to comment?

Or will you be carted off and thrown into a re-education camp?

View attachment 51714

I think their taxes are ultra low on everything else though.

They are very capitalist in a lot of ways, which doesn't fit the WEF mold.

 

[monnffffiiiiiii]

I think their taxes are ultra low on everything else though.

They are very capitalist in a lot of ways, which doesn't fit the WEF mold.

The WEF training ground is the Netherlands.

 

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[Consolation]

Last January, I provided free demo for live streaming services for an amateur MMA tournament. My niche market was only one - sports.

One thing that got my head scratching is, why the hell companies that are better equipped than me, have more expensive gadgets, more crews, etc. didn't approach the amateur sports market?

I guess it's due to the margin. Sports organiser/provider are micro business owners. They don't have much money to pay for these kind of services.

But then, if my competitors can afford thousands of dollars equipment, why can't they start/invest into creating their own YouTube channel, or some kind of online TV?

This creates a win-win-win situation. Sports provider/organiser gets media exposure for free/cheap; sports fans or families of sports participants can watch their loved ones on live streams, and the broadcasters gets money from online programming.

Hmmm.... this sounds easy but hard to execute.

 

[Ing]

Allways nice to remember

 

[loop101]

Is there a canonical way to monetize a web app that visitors use to perform an irregular task. For example, a PWA web-app that let users select a couple of profile pictures of their face and head, and then turned them in to a 3D model they could save locally to use in 3D modelling apps. If the app was all Javascript in the browser, served on a webpage, and otherwise required no server functions.

I guess most people would monetize it by offering a non-free "Pro" option that let them log in to the site serving the PWA, and then gave them access to special features like storing the 3D models on the server, sharing 3Dmodels with other users, etc. If you had multiple web-apps like this, it seems unlikely someone would want to "Subscribe" to several webpages that each performed 1-2 tasks. It does seem like these type ideas would be better monetized as mobile apps, where each one could be a $1 app.

 

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[rjdgreat]

How do you feel the emotion of taking ownership? Like what does it feel emotionally to take ownership of your daily choices in daily life? I think in order to take full ownership, you have to feel it deep in your bones.

 

[Kak]

Happy Canadian Thanksgiving

 

[monnffffiiiiiii]

View attachment 51763

Allways nice to remember

This meme is misleading.

Printing money isn't bad. All money is printed.

Before money, we used metal that had to be mined. There was no differences between mining gold or growing olives, both was work which produced value.

Problems arise when there is more money created comparatively to what the economy produces.

If there is $10 and 10 olives in the economy, 1 olive = 1 dollar.

If you print 10 additional $, then 1 olive = 2 dollars.

If you cant keep the supply of money low, you need to increase the supply of goods and services to avoid inflation (or restrict people from spending money).

It is another way to say that inflation isnt as much a problem of money printing as it is a problem of insufficient production.

Everyone focuses on money but money is only a reflection of the REAL economy.

What are you gonna do with money if you cant BUY anything?

Besides ray dalio, no one you see on TV really seems to understand that, which I find really weird.

NB: and if you wanna go deeper, you can also say that giving someone free money reestablishes slavery, as money entitles you to the fruit of the work of somebody else.

This is why money should NEVER be GIVEN, but always be EARNED. This is the beauty of capitalism: the extent to which you are allowed to consume is directly proportional to what you produce, and it is mediated by money. This prevents overconsumption and get everyone's skin into the game.

Capitalism is the fairest economic system.

 

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[Dockid]

Last January, I provided free demo for live streaming services for an amateur MMA tournament. My niche market was only one - sports.

One thing that got my head scratching is, why the hell companies that are better equipped than me, have more expensive gadgets, more crews, etc. didn't approach the amateur sports market?

I guess it's due to the margin. Sports organiser/provider are micro business owners. They don't have much money to pay for these kind of services.

But then, if my competitors can afford thousands of dollars equipment, why can't they start/invest into creating their own YouTube channel, or some kind of online TV?

This creates a win-win-win situation. Sports provider/organiser gets media exposure for free/cheap; sports fans or families of sports participants can watch their loved ones on live streams, and the broadcasters gets money from online programming.

Hmmm.... this sounds easy but hard to execute.

I had the same idea last year. I had my whole backend infrastructure planned out to allow a PPV platform for smaller events.

I was going to use Angular & Springboot to design and build the platform. For payments I would integrate Stripe Connected Express Accounts to allow users to signup, post livestreams and get paid directly into their bank accounts (after a 12% platform fee was automatically sent to me).

I would have used vimeo for secure, private livestreams.

You could even link up with a livestream production crew to offer promotors both livestreaming capabilities and a secure PPV platform to host it on.

 

[Antifragile]

I like creative ads. Do you have any favourites?