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Introduction
Conclusion
- Many of us are in the same place. We’re hungry and desperate for some money. We’ve read the book (The Millionaire Fastlane ), and now we’re standing around wondering where our money is. So, we continue reading books. Now, we’ve read ALL the books, and still there’s no money. We’re Thinking and Growing Rich in our heads, yet again, there’s no money. So, we begin to try out some small ventures. We try hustling on craigslist and ebay, trading penny stocks, opening an e-commerce store, or importing on Alibaba. Yet, each venture fails miserably each and every time.
- We look at people like Mark Zuckerberg and finally decide, "Well, I guess programming is the only way to REALLY get rich nowadays." So, we decide to learn how to code. 15 minutes later we realize coding sucks. It sucks hard. So we become depressed, thinking that we will never be rich. We’ve conditioned ourselves to believe that an internet company is the only way to become wealthy. IT IS ABSOLUTELY NOT.
- Let’s take a step back. We know all the basics. We’ve read all the books. We know we have to solve others needs and problems. We know we have to create VALUE. But how?
- So, a little about me. I’m 19 years old and attending university on Long Island in the United States. However, I am off this semester for various unrelated reasons. I know my way around a computer, but I don’t know how to code. I’m young, still a bit immature, and I have the passion and I have the drive (Don't we all). The biggest asset I have is my time and I know it. It’s just that I don’t know what to do with all of my time. I want and NEED to take ACTION. I JUST DON"T KNOW WHAT THE HELL TO DO.
- What I do know is that I will never become wealthy by making apps, software or websites. I do not know how to code and do not plan on learning how to code in the near future (except for maybe the basics). I absolutely NEED to find my own fastlane route. I believe (after watching Shark Tank and reading progress threads on this forum) that my best route is to invent or create a better mousetrap and then learn how to both distribute and market it effectively. Basically, make a QVC type product or simply make a better product and then SELL, SELL, SELL.
- So first things first. I need to build a better mousetrap. I don’t have to create the shiny newest thing. I can just take something old and stale, and make it better. BUT HOW?
- “It’s simple. Answers come from questions, and the quality of any answer is directly determined by the quality of the question. Ask the wrong question, get the wrong answer. Ask the right question, get the right answer. Ask the most powerful question possible, and the answer can be life altering.” - The One Thing
- I need to start asking the right questions to find OTHERS needs and pain points
- What are some pain points others have?
- How can I add value to this product
- How can I improve this product?
- **********This is a good start, and with some extra thinking, we can go even further.**********
- What is the ONE FEATURE/BENEFIT I can add to this product to TRIPLE its VALUE?
- What TWO products can I COMBINE so that by doing so, I can TRIPLES its VALUE
- How can I change the COLOR/WEIGHT/SIZE/FUNCTION/STYLE of the PACKAGING of this item to TRIPLE its VALUE?
- ***********Now those are some questions that are geared at creating real VALUE************
- I need to start asking the right questions to find OTHERS needs and pain points
Conclusion
- My goals
- Start actually doing
- Check Riteaid, Walmart and Amazon with a notebook and pen. Go through different aisles and categories and ask the right questions about these products.
- Find a product
- Find a way to make it better
- Make a prototype
- Use kickstarted to fund it
- See where that takes me
- Start actually doing
- So,
- What are other questions I should ask myself when I go searching through products tomorrow besides the 3 good ones I asked above?
- What are some other tips/pointers/things I should be aware of in this type of industry?
- What are some other steps i should be taking right now as an entrepreneur
- certain books
- certain youtube videos
- certain forum posts
- getting a part time job?
- watching Shark Tank
- other fastlane paths i should consider
- clothing
- anything else
- What other actions can I start taking today?
- What action can I take right now, immediately, within the next minute, 5 minutes, 10 minutes to become a better entrepreneur?
- My fastlane path in a nutshell.
- Take any product
- Make it the best of its kind/Make it better/Improve it
- Make it at the right price point
- Actually make it
- SELL SELL SELL
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You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
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