Ok, I am holding myself accountable now.
Especially since the past few weeks has been a struggle. Very little sleep, as the baby has been teething and learning to walk. Hubs is working 12hours, commuting 5hrs round trip, Father around, he is elderly needs care etc. So with myself looking after what is essentially 3 children I am feeling the strain.
You see for me, it's not just about the money. Yes that is nice, but it's mostly about TIME. I want to do things on my own terms and spend as much time with my 10 month old daughter rather than travel all over the place for work, as my contracting position would dictate. So while on maternity leave I've been trying to think of ways to get started on another business that gives me more control. The amazon model seemed like a good model to start with. I am hoping it will be one of many models that works for me. It's been a whole new world for me these last few months.
The contracting gig has been put on hold for the next 6 months. I have given myself 6 months - (funds allowing) to get this idea off the ground and moving
Progress
Product research software signup - November 2017
Ltd company for contracting made dormant - November 2017
Ltd company for ecommerce registered. - December 2017
Bank account opened - December 2017
Finally focused on one product after back and forthing with several suppliers over a range of products I wanted to nail. I had also spent ALOT of time trying to find, vouch, double -check suppliers and get cost effective unit prices. My market begins in the UK and with the hefty VAT % alone, my margins on most products seemed really low.
Tried to find credible suppliers using non-alibaba links, suceeded. Prototypes created, samples received. December/January 2018
I placed my 1st order yesterday and paid the deposit. I got jitters doing it. I got scared, I got worried, I got mad and then I got hopeful.
This product sets my head off with ideas for different configurations/styles so I know I can expand on the brand.
200 units of product ordered to come home. Supplier can't engrave logo due to time limit. So I'll do the usual and put a logo stamp on it for now. Next order - the brand is getting stamped on that baby.
Will already be looking for a backup supplier as I feel like I could've gotten a better deal if not for time constraints. Though these guys are good.
CNY really served to be a pain so I ventured outside China to other countries. Found an interested supplier, we exchanged quite a few long emails, they seemed really interested - even sent the manufacturer a sample but that seems to resulted to nought.
Logo done, it's funny I used to get caught up in the details of this. Now I have it done in a couple of hours and move on.
Shopify account created still on free trial, domain bought. Now dithering on subscribing vs just opening a cheaper simple landing page.
Social media sites opened - Instagram might be the main one to nail. Need to work on getting more followers. Pinterest seems hard to involve. FB page created. Now need to learn about this pre-launch on FB business.
Especially since the past few weeks has been a struggle. Very little sleep, as the baby has been teething and learning to walk. Hubs is working 12hours, commuting 5hrs round trip, Father around, he is elderly needs care etc. So with myself looking after what is essentially 3 children I am feeling the strain.
You see for me, it's not just about the money. Yes that is nice, but it's mostly about TIME. I want to do things on my own terms and spend as much time with my 10 month old daughter rather than travel all over the place for work, as my contracting position would dictate. So while on maternity leave I've been trying to think of ways to get started on another business that gives me more control. The amazon model seemed like a good model to start with. I am hoping it will be one of many models that works for me. It's been a whole new world for me these last few months.
The contracting gig has been put on hold for the next 6 months. I have given myself 6 months - (funds allowing) to get this idea off the ground and moving
Progress
Product research software signup - November 2017
Ltd company for contracting made dormant - November 2017
Ltd company for ecommerce registered. - December 2017
Bank account opened - December 2017
Finally focused on one product after back and forthing with several suppliers over a range of products I wanted to nail. I had also spent ALOT of time trying to find, vouch, double -check suppliers and get cost effective unit prices. My market begins in the UK and with the hefty VAT % alone, my margins on most products seemed really low.
Tried to find credible suppliers using non-alibaba links, suceeded. Prototypes created, samples received. December/January 2018
I placed my 1st order yesterday and paid the deposit. I got jitters doing it. I got scared, I got worried, I got mad and then I got hopeful.
This product sets my head off with ideas for different configurations/styles so I know I can expand on the brand.
200 units of product ordered to come home. Supplier can't engrave logo due to time limit. So I'll do the usual and put a logo stamp on it for now. Next order - the brand is getting stamped on that baby.
Will already be looking for a backup supplier as I feel like I could've gotten a better deal if not for time constraints. Though these guys are good.
CNY really served to be a pain so I ventured outside China to other countries. Found an interested supplier, we exchanged quite a few long emails, they seemed really interested - even sent the manufacturer a sample but that seems to resulted to nought.
Logo done, it's funny I used to get caught up in the details of this. Now I have it done in a couple of hours and move on.
Shopify account created still on free trial, domain bought. Now dithering on subscribing vs just opening a cheaper simple landing page.
Social media sites opened - Instagram might be the main one to nail. Need to work on getting more followers. Pinterest seems hard to involve. FB page created. Now need to learn about this pre-launch on FB business.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
