Sink or Swim Entrepreneurship

[limitless_c]

I am in Bogota, Colombia. I love it here.

If you visit Chile and want to have a little chat, here I am

 

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[Fox]

Burning question.

What kind of plant are you talking about here?

Just kidding .Keep on trucking dude.

Ha just an Aloe Vera plant. I might buy another one soon actually, I kind of miss it.

 

[Fox]

Which source of traffic are you using? Paid ads?

Used some Reddit, results were zero. I am selling this business today actually. Just going over the contract at the moment.

 

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[Fox]

I find this amazing, you're on your way to become a FL-legend.

How long can you legally stay in Colombia? Or do you just have to visit the Irish embassy after a while?

You get 180 days as a tourist every year. I start studying Spanish soon in a University so I have a student visit till end of Jan next year. I will go back on the tourist visa then for a little bit and get a business visa afterwards. That is the plan anyway.

 

[goodguude]

Just found your thread - it's really motivating. Thanks for sharing the experience and your progress with us!

You are kind of an inspiring example for me!

 

[Fox]

Have you ever considered subcontracting or outsourcing webdesign to cheaper countries such as Pakistan or India?
If you could do this successfully this would hugely increase the scalability and margins of the business

No. I do some little stuff on Fiverr but I like to work with people in the same time zone. I usually want things done fast and I hate waiting 8 hours for simple edits.

 

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[Imgal]

No. I do some little stuff on Fiverr but I like to work with people in the same time zone. I usually want things done fast and I hate waiting 8 hours for simple edits.

I know it's been a while since @Fox updated this and it's great that we live in a global world etc, but I couldn't agree with this point more. The biggest mistake I made with my web design business was to go global with it and have all my team in the UK. Having to wait hours to get simple edits with someone down the road is annoying enough. Having to wait that time and 8 hours on top of it was infuriating.

If you're just starting out as tempting as it can be my advice would be to keep it on the same timezone otherwise you'll end up feeling like you're travelling on a very slow train (because believe me the minute you think you can fill that waiting time with a side project... you're going to get everyone wanting their changes done!)

 

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[MitchC]

What is left from a full apartment of possessions...

View attachment 11123

I bet that feels good was all I could think when I saw this picture. Can you post up close photo of your book list? Just curious

 

[BaraQueenbee]

Thats exciting!

I like how you kept so many pens....

Good luck and speed on your journey!

 

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[obrian]

It feels amazing. I am not as nervous as I thought I would be. More excited and ready to get going.
I still have another two weeks to prepare but I am nearly ready now if I wanted to go earlier. Only a few small things left to organize.

The books are (and it was tough narrowing down from over a 100) ...

View attachment 11126

i got most of those books on pdf and audiobooks good job!! it seems like you're preparing for an hurricane lol.

 

[mws87]

It feels amazing. I am not as nervous as I thought I would be. More excited and ready to get going.
I still have another two weeks to prepare but I am nearly ready now if I wanted to go earlier. Only a few small things left to organize.

The books are (and it was tough narrowing down from over a 100) ...

View attachment 11126

@Fox incredible stuff, man. Inspiring. BTW, which of those books (besides TMF ) do you think had the biggest impact?

 

[Omni]

Way to burn the ships! Not sure how long before you fly out, but if it's more than a few weeks, spend some time regularly chipping away at what you're looking to build.

 

[BlakeIC]

what is the standard of living like where you plan to move?

 

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[MattR82]

Congrats

Did the same thing with getting rid of material crap I don't need as well awhile back so I wasn't tied down anywhere. Laptop, phone, clothes. All you need

 

[marklov]

It feels amazing. I am not as nervous as I thought I would be. More excited and ready to get going.
I still have another two weeks to prepare but I am nearly ready now if I wanted to go earlier. Only a few small things left to organize.

The books are (and it was tough narrowing down from over a 100) ...

View attachment 11126

Unlimited Power by tony robbins was the first book about entrepreneurship I ever read.
Looking back, I wonder how it ended up in my high schools library in the first place.
Led me to TMF so not complaining

 

[NewJamesBond]

I'm totally following this thread. I'm excited to watch your progress.

 

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[NewJamesBond]

Truck just sold. 100% locked in.

That's awesome! This is the type of project which I dream of–– I mean completely investing myself in a single goal or pursuit.

 

[NewJamesBond]

I will be honest - part of me doesn't know if I am completely insane. The other 99% is very excited to get going.

At this stage I have everything grouped together and I was even weighing things today to plan my bags. I don't want to be over on weight so I will probably have to carry most of the books on the plane with me. Insurance is booked, flights are booked, an apartment with a little bed, kitchen and shower is booked. Can't wait!

If anyone is in the Bogota area over the next while let me know!

This is honestly the type of thing I dream of. Taking everything I own, moving away, and putting all of my effort into a business/idea/project. I think it would super invigorating. You should blog about it! Can I ask what your specific goals you are trying to achieve while your there? What type of business are you going to start? Do you have an income goal?

 

[NewJamesBond]

You're my type of guy.

Lol

 

[Roli]

I really need to put a full update on here soon but here is a quick version:

- now coding at $50+ an hour

-multiple website projects on the go. Working with some great clients and everyone has been very happy.

-App template about to release soon. Expecting good returns on this

-Setting up a website for a local company that I will take a percentage of every sale that goes through the site. Potential to have up to $1000 a month with very little work required. My web skills are starting to come together and I am really able to help smaller business grow substantially.

-Bigger Fastlane Project in the works. Have isolated a very good niche that is completely under served. Average sale is between $500-3500. Will be moving on this soon once I stabilize my base income.

Lots of challenges and hard days too. I will update in full soon.

Awesome, awesome, awesome! Keep going man, you're on your way

 

[mtn_baldy]

P.S you are pretty much living my dream right now, so please give us a full update soon!

 

[ernesto50]

Man, that's some inspiring stuff right here! Just read a post on going all in, now seeing your thread here motivates me to do the same...

 

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[limitless_c]

Glad you are doing great! I started reading this thread in 2015 and your progress is awesome.
Keep going man.

Edit: In what south american country are you?

 

[mtn_baldy]

Launched a product yesterday with is having some good success...

View attachment 12464

Need to just scale this up so I have a full marketing campaign planned for the week. Should be able to get around 5-10k highly targeted views so see if it keeps on a similar ratio. product cost less than 3k to produce so happy with these results so far. Ill update in full after this week with some more details.

Very nice man. A few questions.
1. What service are you using to sell? Shopify? Amazon?
2. What did you do to get your product noticed? Facebook ads?
3. How's sudamerica and your Spanish coming along?

Keep it up fox, you're doing amazing.

 

[Nacho]

Launched a product yesterday with is having some good success...

View attachment 12464

Need to just scale this up so I have a full marketing campaign planned for the week. Should be able to get around 5-10k highly targeted views so see if it keeps on a similar ratio. product cost less than 3k to produce so happy with these results so far. Ill update in full after this week with some more details.

Which source of traffic are you using? Paid ads?

 

[JokerCrazyBeatz]

Used some Reddit, results were zero. I am selling this business today actually. Just going over the contract at the moment.

Which skills would u say are most important to learn to launch your product successfully ?

 

[JokerCrazyBeatz]

The one piece of advice I would have is to test any sales method first with a very small amount of capital. I have been caught out "knowing" something will work and dropping a nice portion of my budget and then getting no results. Amateur mistake and skip-the-process style thinking. I have since learned but that was a needed lesson.

I think that's my biggest problem , taking advice from people in my circle I've seen be successful and try to emulate that and not get the same result , And loose ALOT of money doing so . Needing to try shit my way first on a small scale is where I'm failing I believe . This is great advice

 

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[Tomekmeister]

So you're the guy that never returned the pens in school huh...

Great example of taking a leap. That's something I need in my life. Thanks for inspirational post!

PS: What would you do if you had a girlfriend?

 

[Longinus]

I find this amazing, you're on your way to become a FL-legend.

How long can you legally stay in Colombia? Or do you just have to visit the Irish embassy after a while?

 

[Fox]

I did eight hours at Colombian visa office yesterday and coming up on my seventh hour today. Trying to get my student visa fully approved. I just got the sticker in my passport with my picture taken - it looks like I will murder someone. Frustrating when I have a business to run and 95% of the day is waiting for your number to be called to talk for twenty seconds and then join another line of waiting for 2-3 hours.

 

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