I'm not sure if this's the right section. But anyway, recently I've read The Millionaire Fastlane and that's what brought me here!
My background
I'm a 17 year old guy from Malaysia. I guess I'm very different from most people around me, I don't really enjoy sports, would rather be with a small group than a large one, etc. When I was 12, I was offered a 6-year-scholarship to study in Singapore. So I took on the contract and it's my 5th year over here already. (Yes, I've been living away from my parents since I was 12.) My results are just average cause I take it easy as I don't see a point in learning stuff I won't use in the future...
Also, I love gaming. I play lots of different kinds of games except for adventure/RPGs cause' they're a sheer waste of time. I've played in several competitions along with a couple of my friends.
Anyway,
This year I've "retired" from competitive gaming, as most of my friends have commitments like their co-curricular activities and stuff like that. So I got interested in many stuff like dance, and most importantly... business!
I've read a couple of business books before The Millionaire Fastlane , like Rich Dad Poor Dad, 4 Hour Work Week, Lucky Bastard, etc.
I'm really motivated to start my own business. Except I have a couple of problems.
1) I need to commit for school.
I've got useless school hours, homework, tests, a compulsory co-curricular activity, and a social life to manage. (I've dropped the finding relationship part ha ha). I'm trying to increase my free time by first cutting down time spent, and "increasing time".
Cutting down time: I use stuff like to-do-list, mini-schedules, Pareto's Principle, Ultradian Sprint and switching off my phone to increase my overall efficiency.
Increasing time: I've recently went on Everyman Sleeping Schedule, so I've extra 3 hours every day while still feeling fresh.
Despite all these, I still think I don't have enough time to manage a business, what do you guys think?
2) Limitations
With near zero capital and little time and I'm below 18, the only thing I think I can do big is selling info products using the Internet (eBooks, subscription sites), even audio/video is kinda out of my reach .....am I wrong?
Also, how do I create a good website selling my info-products without a sales-letter like this one: Adam Wong & Adam Khoo's Lucky Bastard!
It obviously does not hold any brand and it's very unprofessional in my opinion, however it does bring in lots of sales I think!
3) I don't understand this market thing.
Well, law of effection is extremely important right? What about besting a specific niche?
From what I see, the only market I can reach out is to other students, which is very unprofitable! I mean who would want to take up advice from a 17-year-old as an adult? Any ideas on what other market I can serve?
Despite this, what I'm thinking now is creating extremely good notes for Singapore students for Math (how's that for niche!) and slowly expanding to other subjects. Problem is I don't really like doing this kinda stuff, but if it does pay off I wouldn't mind at all! But I still have some doubts about it's profitability and the market is very small though there is some demand... I don't want to spend time and effort on little profits! Opinions?
4) Experience
...well I have zero experience with business. But at least I have my parents' card and a business Paypal account! That's why I'm trying to start on my first project as soon as possible. So I would LOVE as much help as possible. Thanks! :smxB:
My background
I'm a 17 year old guy from Malaysia. I guess I'm very different from most people around me, I don't really enjoy sports, would rather be with a small group than a large one, etc. When I was 12, I was offered a 6-year-scholarship to study in Singapore. So I took on the contract and it's my 5th year over here already. (Yes, I've been living away from my parents since I was 12.) My results are just average cause I take it easy as I don't see a point in learning stuff I won't use in the future...
Also, I love gaming. I play lots of different kinds of games except for adventure/RPGs cause' they're a sheer waste of time. I've played in several competitions along with a couple of my friends.
Anyway,
This year I've "retired" from competitive gaming, as most of my friends have commitments like their co-curricular activities and stuff like that. So I got interested in many stuff like dance, and most importantly... business!
I've read a couple of business books before The Millionaire Fastlane , like Rich Dad Poor Dad, 4 Hour Work Week, Lucky Bastard, etc.
I'm really motivated to start my own business. Except I have a couple of problems.
1) I need to commit for school.
I've got useless school hours, homework, tests, a compulsory co-curricular activity, and a social life to manage. (I've dropped the finding relationship part ha ha). I'm trying to increase my free time by first cutting down time spent, and "increasing time".
Cutting down time: I use stuff like to-do-list, mini-schedules, Pareto's Principle, Ultradian Sprint and switching off my phone to increase my overall efficiency.
Increasing time: I've recently went on Everyman Sleeping Schedule, so I've extra 3 hours every day while still feeling fresh.
Despite all these, I still think I don't have enough time to manage a business, what do you guys think?
2) Limitations
With near zero capital and little time and I'm below 18, the only thing I think I can do big is selling info products using the Internet (eBooks, subscription sites), even audio/video is kinda out of my reach .....am I wrong?
Also, how do I create a good website selling my info-products without a sales-letter like this one: Adam Wong & Adam Khoo's Lucky Bastard!
It obviously does not hold any brand and it's very unprofessional in my opinion, however it does bring in lots of sales I think!
3) I don't understand this market thing.
Well, law of effection is extremely important right? What about besting a specific niche?
From what I see, the only market I can reach out is to other students, which is very unprofitable! I mean who would want to take up advice from a 17-year-old as an adult? Any ideas on what other market I can serve?
Despite this, what I'm thinking now is creating extremely good notes for Singapore students for Math (how's that for niche!) and slowly expanding to other subjects. Problem is I don't really like doing this kinda stuff, but if it does pay off I wouldn't mind at all! But I still have some doubts about it's profitability and the market is very small though there is some demand... I don't want to spend time and effort on little profits! Opinions?
4) Experience
...well I have zero experience with business. But at least I have my parents' card and a business Paypal account! That's why I'm trying to start on my first project as soon as possible. So I would LOVE as much help as possible. Thanks! :smxB:
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