So What is everyone doing to get to the Fastlane?

[Nicolas43]

Hi All,

Is anyone making money? We've read the book, and all agree that jobs are not the way to the Fastlane...and re read the book again, etc, so I'm just curious if anyone is making any real money out there following any of the methods outlined in the book.

For me, it looks like the way to go is the internet, as MJ says, it satisfies all the criteria to a Fastlane type business. I've been looking at the different income generating options out there: sell a product, sell a service, advertisement; content based; lead generation; business to business, etc.

Is anyone actually using a sustainable internet business model (like above) that is generating some real income (enough to replace your day job)? I'd love to hear from you.

Thanks

 

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[kwerner]

So What is everyone doing to get to the Fastlane?

Working... A lot. haha

 

[458]

Amway Global

 

[minamo]

Browse around the forums,read the succes stories,and comment on the developing ones.

Then you get a basic idea of what people have a "sustainable" business.

However,keep in mind everyone,s sweet spot is different. One person thinks he or she made it with 100$ a day,the other one with 10000$. Also,i think it is important to notice if the person is actually happy with what he or she is doing.

 

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[Lights]

I'm doing all sorts of things.

 

[domular]

Yes, replaced the income from my "real job" many times over years ago with 2 internet companies. As mentioned above you will need to find your own path to that goal. Any course or package that says they will hand you everything you need to make big bucks in a short period of time is not worth the money. If it's an idea that really works then there will be a thousand other people doing the exact same thing and no one makes money except the guy selling the package telling you how to do it.

 

[Rickson9]

I hitch a ride on the backs of successful entrepreneurs. For better or worse I wasn't born entrepreneurial (been there, done that, didn't like it) so I figured that being an investor was the next best thing. I share in a portion of the gains and do none of the work. That suits my personality best. When it comes to money I'm not a 'go getter', I'm more of a 'just give it to me'.

I'm fortunate that our wonderful capitalistic system allows for this.

 

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[Milenko]

For me the Fastlane isn't a destination but a process. Reading the book has changed the way I structure new ventures and evaluate opportunity. I've launched successful websites in the past but most eventually failed because of one (or several) CENTS violations - mistakes I'm trying to avoid repeating going forward...

 

[BeachBoy]

I've been working for a while on a project, and it's now in second gear.

the book helped clarify the exact aim with CENTS. I think it can impact millions.

 

[skyhigh]

Just feeding my mind with knowledge by reading, listening, learning and doing.

 

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[cashflow3000]

Hey Nicolas -

After reading the book I understand the flaw and issues I face in my current business.

So, rather than giving up on it entirely or packing it in, I am working on turning my experience and knowledge into an informational product.

In addition to that we are starting a new business.

My goals for this stage of the journey are:

1. finish production of my informational product so that I can

2. generate capital from the sales. also

3. spend less time keeping my current business going

4. build and learn from our new business to generate more capital

Those steps are all leading up to having more chips to play with for the next-next phase of the journey. I already have a list of ideas to pursue including a novelty "8 ball" type product that should be dynamite. Each product, company, or investment requires its own set of skills, knowledge, and experience. So I have my eyes on the prize but I focus on what is in front of me.

Best wishes,

JW Hagarty

 

[Nicolas43]

Hi Domular,

Thanks for your comment. I agree that there are a lot of scams out ther. I'm very curious how you monetize your sites? As an internet novice (I'm a banker by day) I came across a program called SBI, it's not a get rich type plan, but rather educates you on how to build a site based on providing lots of content. I was wondering if you can make real money this way.

Nicolas

 

[Nicolas43]

Hi Domular,

Thanks for your comment. I agree that there are a lot of scams out ther. I'm very curious how you monetize your sites? As an internet novice (I'm a banker by day) I came across a program called SBI, it's not a get rich type plan, but rather educates you on how to build a site based on providing lots of content. I was wondering if you can make real money this way.

Nicolas

 

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[Kak]

I am following through with business ideas that I think will be successful and eventually sell for my retirement. All while making sure I get more than a fresh oil change each week by reading a book and learning something new that I can apply to my business or wealth creation.

 

[wallstreet]

Nice thread. I'm doing 3 things atm.

1. I'm shorting stocks to pay for my start-up company
2. I'm working on different price models for my start up company. I'm creating an offering that feels like a "good deal" at the gut level and I think I've just about found it.
3. I'm preparing a progress thread and youtube channel to document my one year journey starting with the day we officially "start up"

 

[acrystal]

the last few weeks

1. Purchased about 8K worth of inventory and a new macbook air.
2. Went to see my accountant and bought a new copy of quickbooks.
3. Paid all my bills & all non-business credit cards in full (with day job income).
4. Talked with a friend about internet marketing - very eye opening (surprising how people make money with this - something to think more about).
5. Registered 3 new domains for niche sites.
6. Added unique content and a few adsense ads to existing websites.
7. Added new products to all channels.
8. Read part of the Think & Grow Rich book. Interesting.

Todo:
1. need to find best cc payment processor to attach to main drupal site. Paypal & Google Checkout seem to be unattractive options for many customers.
3. Get subcontractors working on adding more products, content to various sites along with sales, product sourcing etc.
4. More research/time on internet marketing & seo.
5. Finish 2 iphone apps - so far everything compiles with the new xcode tools.

 

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[HenkHolland]

Working with a team on a new start-up in the field of nano-technology.
One of the team members has come up with this idea based on a theoretical model. We're building a prototype production unit for products using this technology.
Once we have the proof of concept through this prototype unit, we will file patent applications.
Since we don't want to be involved in the manufacturing business our business model will revolve around licensing the technology.
This project has the potential to become a really attractive fastlane project.

 

[domular]

Hi Domular,

Thanks for your comment. I agree that there are a lot of scams out ther. I'm very curious how you monetize your sites? As an internet novice (I'm a banker by day) I came across a program called SBI, it's not a get rich type plan, but rather educates you on how to build a site based on providing lots of content. I was wondering if you can make real money this way.

Nicolas

I have two online businesses, one provides physical products to a niche animal area and the other provides an educational service. Both are extremely niche. Most people have never heard of either and have minimal competition, which is the way I like it. These sites also provide products or services that a requirement or perceived requirement and not a want that has helped during a recession.

I'm in the process of starting a third, this one will be completely digital. Nice thing about this biz is build the product once and sell it forever. That's leverage with infinite return on time invested. Once I get a few lose ends tied up I'll document the entire process here.

 

[easymoney99]

I'm trying to make multiple websites that make passive income, I have one currently and working #2.

Also I wanna create a real product that solve a real life problem. I have a few ideas on the drawing board.

 

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