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What are best fastlane businesses according to you?

Discussion in 'General Entrepreneur Discussion' started by Greg26750, Jan 6, 2019.

  1. Greg26750
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    Greg26750 New Contributor

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    Hello everyone

    MJ Marco have wrote that only buiseness with impact law (= impact on million people) will be the fastlane millionaire ?

    So, what are best fastlane buiseness / companies according to you ?

    Do you have some exemple of companies ?

    Thank you
     
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  2. ZF Lee
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    ZF Lee Platinum Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    Something with recurring revenue or supporting purchases. Products and services that require people to keep coming back to you not just because the product is good, but by its very nature.

    A simple example would be shaving butter and shaver blades. Dollar Shave Club has built a nice business out of that. These products get used up in a few weeks, so you need to buy them again.

    Email automation services. Drip and MailChimp allow you to make templates and manage mass lists on a daily basis, as well as analytics for bounces and clicks.

    A friend of mine just recently got a Honda. He didn't just get a nice car. He got extras, such as a special black screen over the windows to block sunlight, and carpet on the floors that is dirt-resistant. Changed the tires to higher-grade ones. Paid extra for them.
     
  3. Timmy C
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    Timmy C I Will Not Stop! Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    I'll let you know when i am there.....
     
  4. Scot
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    Scot Ductus Exemplo Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

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    If you’re looking for the best “Fastlane business” or market, you’ve already misinterpreted the book and you’re Money Chasing.

    Find a problem that you can solve and bring value to. Then run that through the CENTS commandments. If you can see scale, then you’ve found the right business for you.
     
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  5. NuclearPuma
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    NuclearPuma Bronze Contributor FASTLANE INSIDER Speedway Pass

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    Subscription services (Amazon, Netflix, COMCAST, AT&T, software).

    Consumables (shampoo, coffee, razors, fertilizer, grease, oil, food).

    Novel experiences (video games, tourism industry, concerts, shows).

    Scaled labor services (travel, lodging, tradesman, UBER, Airbnb, plumbing, A/C, food services).

    Rental businesses (recreation, tools, events).
     
  6. jpanarra
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    jpanarra Gold Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    Seconded on this,

    I was 'money chasing' for a long time before i found the fastlane forum. The truth is you have to sacrifice alot and give value proving yourself to the world then the money will come.

    Think of money as the pretty lady you're trying to get. The more you creep and obsesses about her she'll pick it up and stay further than you. However, if you focus on yourself and helping other people eventually she'll come around if not her, then another pretty lady(money source) will as well.
     
  7. TreyAllDay
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    TreyAllDay Whatever it takes Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    Agree with what most have said - don't chase money, chase needs. It's seems like such a paradox but it will save you time and pain. That being said! It's a perfectly OK question if you're still focused on the needs first. There is a section in MFL where MJ discusses some Fastlane business examples.

    Writing A Book - Relatively fastlane as once you create the content, it lives on forever and can earn money passively through small time investments and promotion. Real estate - on a large enough scale affects people largely and earns all hours of the day.

    To give you a personal example - I own a piece of software that generates around $15k a month on average. The upfront investment in time and money was big, but I continue to earn money without inputting hours.

    Not that I'm proud of it, but I was hungover and sick for three days after NYE. I didn't do anything productive for 3 days and made $1300 while watching tv on the couch.
     
    Last edited: Jan 7, 2019
  8. NuclearPuma
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    Basically any product or service whose production can be scaled is a potential fastlane.
     
  9. Andy Black
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    Andy Black Any colour, as long as it's red. Staff Member Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR

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    One that *you* can start this week.
     
  10. MJ DeMarco
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    MJ DeMarco Raving Lunatic Staff Member Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

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    Admin Post
    I never said, or wrote this.

    I can expect you've misinterpreted the rest of the book as well.
     
  11. The Abundant Man
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    The Abundant Man Gold Contributor Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

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    Somebody clearly did not read the book or just skimmed it...

    I think the quote was "If you want to make millions then you have to impact millions"

    How do you impact millions? By creating value...
     
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  12. PersianCub
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    PersianCub Bronze Contributor FASTLANE INSIDER

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    Ironically enough, in the sexual marketplace we call these low value men.
     
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  13. Greg26750
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    Greg26750 New Contributor

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    Not only.

    People must know you or your products !
    You can create lot of value/good product, if nobody know that, you loose.
    Lot of people forgot that
     
  14. Greg26750
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    Yes, you age right but in fact, I m looking idea that I can begin alone and work on this project the night and week end only in a first time. Netflix, Amazon,etc... are hugly, not easy To make and need to develop this buiseness in whole time.
    They are not LEAN start up

    Your idea of software with subscription is very good.
    I m french and in France a guy have made à website with a calculator for house investisseur : no need lot of money to begin, possible to developp this buiseness the night after your job and the week end,etc...

    Now, just need to find a problem that a nos software can sold ! Lol

    Maybe in the USA, there is a thing that no exist in France ?

    Do you have idea ??
     
  15. Greg26750
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    Hello MJ DeMarco,
    Nice To speak with you.
    That thrue, sorry for my bad summary.
    I don t have finish your book. (Its in progress). (Nb : I m french, so your book is a French translation.)
    I have just note the importance of the impact law.(number of sales × value of one sale).
    In fact, I think that maybe on this forum I can find USA ideas that maybe don t exist again in France.
    Currently I work for a boss. I have a litle buiseness too and I m working To know if It s possible to scale it.
    I work on this buiseness with the lean "start up spririt", meaning don t use lot of money in a first time, don t quit my real job, just test the market for thé moment.
    It s ok, I have some orders but I m afraid that , this buiseness won t use the impact law. Moreover, some people work for me on this buisseness ..and I ll prefer find a buiseness with computer (no absence, no cold, work day and night, etc...)
    So I ll continue this buisseness but I m looking for other idea. I have already wrote in this post but In France , there is a guy who developp a software with subscription for property investissement.
    To late for me to do the same , but internet is one solution To touch lot of people. Maybe in the USA , you think about simple ideaq that I can copy and developp in France , because dont exist for the moment ?
    That my real question.
     
    Last edited: Jan 9, 2019
  16. Greg26750
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    w

    Baker or haidresser create value but they are not on the fastlane ;)
    No, in fact my question is To have suggestion of simple fastlane buissenes that one guy already make in the USA (and don t exist already in France because I m french) and that I can copy.
    Nb : please don t reply me Amazon, Apple or Tesla !
     
  17. minivanman
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    minivanman Platinum Contributor Speedway Pass

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    My wife is heading your way for work in just a few hours and is staying a week. When she gets back, if I remember, I'm going to talk to her about this. She has been to your country many times and loves it.
     
  18. MoreVolume
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    Supplements
    Carries the same principles as the drug game (if your product is in demand)

    People buy your stuff, use it up, then come back to you because they need more

    You can sell in different quantities to suit the different financial needs of your base
     
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  19. ZF Lee
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    ZF Lee Platinum Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    I dunno about hairdressers, but bakers not Fastlane???

    Here's a bread product I buy on a daily basis:

    [​IMG]

    Here's a local one that I went to on a daily basis before it got shut down. It contains a cafe concept, but has good tarts and bakery goods.

    [​IMG]

    Don't like bread? How about spreads? Here's one I buy regularly as well:

    [​IMG]

    Didn't even know the brand even after buying it many times (I just wanted a good healthy spread, not a brand!) . This is by Peerless Foods. Smooth, yet doesn't taste like artificial crap.

    Bakeries and bread in general can be Fastlane...but keep off the yeast lol as best as you can.
     
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  20. Arun Siva
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    Arun Siva aspiring 大君 of the bourgeoisie Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass Summit Attendee

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    The only sure fired fast lane businesses i know of are those that arent misinterpreted and those that are original and solve a problem that affects a myriad of people irrespective of other variables.
     
  21. Greg26750
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    Last edited: Jan 9, 2019
  22. Greg26750
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    You are speaking about industrial baker, a plant (with production departement, quality département, etc...)
    99.9 % of Bakers are just creat their own job, not a fastlane buiseness.
    They exchange alway their time against money.
    They are not on the good side of cash flow cadran.
    To develop your exemples, you need lot of money, big risks, etc...
    It s not a lean start up !

    In this case, it s better To make a YouTube Channel and FB page (no need money)with a website (no need lot of money) and sell online formation with automatic system !

    In this case, that is a possible fastlane buiseness with lean startup "spirit".

    Are you agree ?
     
  23. Greg26750
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    Ok.
    Could you give exemples ? (With the name of companies, link of their web site)
     
  24. Timmy C
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    If you look they are everywhere i reckon this is one.

    I was look at getting this for my business and i think ill buy one for myself.

    HotLogic Mini Deluxe w/ Pyrex & Car Adapter
     
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