What are best fastlane businesses according to you?

[Scot]

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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[TreyAllDay]

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.

 

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[MJ DeMarco]

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

I never said, or wrote this.

I can expect you've misinterpreted the rest of the book as well.

 

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[jpanarra]

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.

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.

 

[Timmy C]

I'll let you know when i am there.....

 

[Andy Black]

One that *you* can start this week.

 

[ZF Lee]

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 MailCheat(Chimp) 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.

 

[The Abundant Man]

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...

 

[NuclearPuma]

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).

 

[jpn]

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 ?

You're missing the point.

What I think @ZF Lee is saying is that you should focus on provding value. Once you're sure that you can provide value, you can think about scaling. You could start as a baker that makes the best "XYZ" its the only thing you do and people come from far to buy it. Then you can create scale by partnering with an industrial bakery with your recipe and brand name and sell it online or in supermarkets to a larger audience. Fastlane is a way of approaching business, not a particular idea.

Also a tip, every word you've written here shows that you only care about making money. I understand it, I like having money too. But thinking like that doesn't help you.

Wrong question: how can I get money?

Right question: how can I provide value to people?

This second question helps you to think from the shoes of those who will be your customers. And the most important thing of any business is a paying customer. Not the idea.

 

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[100k]

All businesses can be turned into a fastlane.

Just gotta get creative with it.

Name a business that you don't think can be fastlane.

Even "bakers" and "hairdressers". Turn them into a franchise. Video record the activities that go on in the business - sell it to a TV production company as a reality TV show. Or teach others how to run and operate a successful bakers/hairdressers ... sell the video course online for $999 and offer consultation for $5k.


Most, if not all businesses can be turned into a fastlane business it just takes creativity.

 

[minivanman]

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.

 

[ZF Lee]

Baker or haidresser create value but they are not on the fastlane

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

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

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.

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

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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[PersianCub]

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.

Ironically enough, in the sexual marketplace we call these low value men.

 

[MoreVolume]

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

 

[GSF]

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

if you're looking for some inspiration/ examples of high growth companies, have a look at the inc 5000 list:
Inc. 5000 2018: The Complete Rankings
these are all high growth scalable companies selling in demand products/services.

 

[MJ DeMarco]

I m french and in France a guy

I'm guessing you read the French version?

That might explain why things I say always get butchered and misinterpreted.

 

[Suzanne Bazemore]

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

I checked that out, @Timmy1990 - how clever to make what is basically a crock pot more portable, and with a car adapter.

 

[chaoticbusiness]

Even "bakers" and "hairdressers". Turn them into a franchise. Video record the activities that go on in the business - sell it to a TV production company as a reality TV show. Or teach others how to run and operate a successful bakers/hairdressers ... sell the video course online for $999 and offer consultation for $5k.

Great perspective on "ordinary" businesses and how to pivot them to FL pursuits.

In 2020 I ran an auto detailing business and found a podcast of a guy who franchised his business and has multiple locations all running off his SOPs. Not only dominating the local area, but can set down the towels and spray bottles while others work for HIS dream across the country.

Two big names on YT pivoted their channels/business by making courses to get more leads, increase efficiency, create maintaince plans, rank higher on searches, etc.

Again, focusing on needs and providing value: what do new (millennial) entrepreneurs want?

For success to be as easy and painless as possible.

If there's a gold rush, sell shovels.

 

[Greg26750]

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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[Greg26750]

I never said, or wrote this.

I can expect you've misinterpreted the rest of the book as well.

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.

 

[Timmy C]

Ok.
Could you give exemples ? (With the name of companies, link of their web site)

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

 

[Niptuck MD]

Ok.
Could you give exemples ? (With the name of companies, link of their web site)

You can use something called Google or whatever it is you use to SEARCH for these types of simple things

 

[Andy Black]

I'm guessing you read the French version?

That might explain why things I say always get butchered and misinterpreted.

Oh crap. I never thought of things getting butchered in translation and you having no way of knowing.

 

[Thomas Baptiste]

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.

My thoughts exactly.

The more you give for the sake of providing value, the producer mindset sticks, and questions like this become less relevant to your process. Change your mindset first, then you'll see.

 

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[MoreVolume]

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.

You could have easily have just said that you don't know of one

 

[NuclearPuma]

Basically any product or service whose production can be scaled is a potential fastlane.

 

[Greg26750]

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...

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

 

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[Greg26750]

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).

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 ??

 

[Greg26750]

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.

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...

w

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...

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 !

 

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