I started 'successfully' selling a product on Amazon and was doing great. I started up with credit cards, and still had a good chunk of debt laying behind me from previous failed endeavors. As the cash started to flow I was making more than I made at my job, and although saddled with debt, was living like a rockstar (in my mind). I couldn't stop. Restaurants, vacations you name it. My girlfriend loves to do this kind of thing and I couldn't say no even though it hurt me badly. I knew exactly what I was doing and felt awful about it. I knew if my business were to fail what kind of situation I might be left in.
Fast forward to present time it turns out my product was incredibly unreliable and I wasn't tracking defectives properly. The good to bad review ratio was probably 1:4. Sales sunk, new competitors with lower prices emerged. A niche that was high-priced and under-optimized had turned into race-to-the-bottom product that had better reviews than mine. Competition competition competition Returns returns returns.
I downsized from $1000/month rent to a $100/m rent 30ft trailer, and profits keep dwindling, now to the point where I am running out of time. With minimum payments shooting up and $5000 left on a high interest credit card, the clock is ticking loud and clear.
I've probably applied for over 20 jobs now, with not one call back. Career prospects are so dimly lit I can't get a job flipping burgers, and I have tried a variety of resume styles.. but a crappy part time job and all that debt.
I've lived my life living to pay off credit cards, just not to this extend. It's an endless cycle that never ends, whether I'm seemingly careful with my money, or careless. Should I go bankrupt? I don't even want credit anymore. No, that costs money too.
So here I stand, my last shot left, put in this position 100% by my own stupidity, and boy did saw it coming.
I don't know what I'm going to do yet.
I have been toying with the idea of hustle-of-the-month (in this case the 1000 dollars a week on odesk thread) but it is flavour or the month for 'quick money' after all. I'm sure it's far from saturated by now (copywriting the only real marketable skill I have, which I'm sure is most other people on this forum as well)
Maybe I should create a high-quality squeeze page selling my Amazon product and run Facebook and Google ads.
Maybe I should keep applying for jobs.
Maybe I should join the army and pay off my debt in two years (sigh)
I can't accomplish any work in this trailer living with my girlfriend (she works nights, always home, watching loud tv, people over smoking pot). I need my own space.. or is this just an excuse too?
At the same time of being a situation I don't wish on anyone, perhaps it's for the better. Maybe this is the only way I will learn.
High credit card debt, no job, town with virtually no employment.. and probably 150 units of my failing product left. I wish I had a fresh start. I feel my best bet to succeed is honestly to rebuild my life in every aspect, from a strict schedule to the people I see.
I'd love suggestions on what to do, but this has turned out to be more of a rant.
My biggest take away from this is that if you think that you have no time to work on a business working a full-time job, you're not going to have as much time as you think if you quit your job. If you have real dedication you will work on your business all the time even with a job, and if you don't, then you do not have real dedication and are not ready to go full time yet.
At least this has taught me that I still know I will keep trying until the day I die.
Fast forward to present time it turns out my product was incredibly unreliable and I wasn't tracking defectives properly. The good to bad review ratio was probably 1:4. Sales sunk, new competitors with lower prices emerged. A niche that was high-priced and under-optimized had turned into race-to-the-bottom product that had better reviews than mine. Competition competition competition Returns returns returns.
I downsized from $1000/month rent to a $100/m rent 30ft trailer, and profits keep dwindling, now to the point where I am running out of time. With minimum payments shooting up and $5000 left on a high interest credit card, the clock is ticking loud and clear.
I've probably applied for over 20 jobs now, with not one call back. Career prospects are so dimly lit I can't get a job flipping burgers, and I have tried a variety of resume styles.. but a crappy part time job and all that debt.
I've lived my life living to pay off credit cards, just not to this extend. It's an endless cycle that never ends, whether I'm seemingly careful with my money, or careless. Should I go bankrupt? I don't even want credit anymore. No, that costs money too.
So here I stand, my last shot left, put in this position 100% by my own stupidity, and boy did saw it coming.
I don't know what I'm going to do yet.
I have been toying with the idea of hustle-of-the-month (in this case the 1000 dollars a week on odesk thread) but it is flavour or the month for 'quick money' after all. I'm sure it's far from saturated by now (copywriting the only real marketable skill I have, which I'm sure is most other people on this forum as well)
Maybe I should create a high-quality squeeze page selling my Amazon product and run Facebook and Google ads.
Maybe I should keep applying for jobs.
Maybe I should join the army and pay off my debt in two years (sigh)
I can't accomplish any work in this trailer living with my girlfriend (she works nights, always home, watching loud tv, people over smoking pot). I need my own space.. or is this just an excuse too?
At the same time of being a situation I don't wish on anyone, perhaps it's for the better. Maybe this is the only way I will learn.
High credit card debt, no job, town with virtually no employment.. and probably 150 units of my failing product left. I wish I had a fresh start. I feel my best bet to succeed is honestly to rebuild my life in every aspect, from a strict schedule to the people I see.
I'd love suggestions on what to do, but this has turned out to be more of a rant.
My biggest take away from this is that if you think that you have no time to work on a business working a full-time job, you're not going to have as much time as you think if you quit your job. If you have real dedication you will work on your business all the time even with a job, and if you don't, then you do not have real dedication and are not ready to go full time yet.
At least this has taught me that I still know I will keep trying until the day I die.
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