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Hi Dear Entrepreneur Friends,
Thanks much for having me in these fantastic forum!
A little introduction of myself. I am Attila, from Hungary. I have been doing my fastlane business since 2014-2015.
It's about selling food supplements online. I am doing this with my twinbrotherm only in our small country... And anyway it's been doing great.
Let me help you a bit, what has worked for us in the business. These are a few aspects which really helped to get here where we are now. I won't say this is the only way to succeed. But these ones really worked for us.
So here they are:
1. Having a strong purpose
Why did we decide to start something? Why should we sacrifice all our afternoons and evenings for months and years? Why should we start something besides our normal job that pays well? Why should we risk to be ridicioluls if our business won't work?
To risk all of these you have to be a strong purpose. This way you won't quit on the first obstacle.
My purpose was: I wanted freedom. I did not want to work for anybody else. I wanted to show the world I can do it. I accepted to work hard for my business for a few years. But after these years I can have more freedom to enjoy.
2. Having a partner
I am lucky as I have a twin brother. Basically we build our business from zero to the current 800K profit / year.
Pretty sure I couldn't get so far by myself only. However I know this can be really hard one to find someone with same goals, same dedication, and same vision. I am just saying this makes things easier. If I felt down a bit, he could help in and vice versa. It's also very helpful to share my thoughts, ideas and doubts during the process.
3. Using proper filters
In 2012-2013 we had many business ideas. What should we do, how to pick the best one(s) to start with?
I used some of these filters for selecting the best:
- Is there a huge need for this?
We have used Google Adwords keyword planner, Market Samurai and other SW tools for analyzing keywords in the different business niches. We looked for keywords of certain problems, pain points and purchasing intent
- Evergreen topics
We were looking for solutions for certain problems which considered to be "evergreen". It's a good one actually, so you can plan for the long term. It also helps establishing a long-term brand of your product.
- Relatively "small" sized physical products or electronic/sw products
These won't require too much storage space, logistics, handling, etc.
- Operating the business must not require "high skills" in order to be outsourced it easily
So we could find 1-2 colleagues who can actually operate it, while I could work on building and developing the business.
Regarding our colleagues the most important aspects were the following: honesty, integrity, flexibility, indenpendence and willing to work. We did not care too much their professional background, they could study everything if they have the right mentality.
We had some more filters, if you are interested I can share those too...
4. Listening carefully to customers.
How can we do better? What is missing? Talking to real customers in person. Listening to them. Let them talk for an hour if they wish to! I know there's tons of other things to do. But we did not save time on this. Never. You should do it too. You'll get so much valuable information. And then you can build all of these into your business.
5. Being exceptionally exhaustive
Willing to work, no matter about the circumstances... This one was definitely worked for us. And I mean not just working on the fancy things... We just simply put more effort into boring and repetitive tasks which needed to be done. For example: analyzing the needs, keywords, competition, market, etc. Always asked from ourselves: how can we do better than this?
With this method we simply outpaced the competition and became market leaders in our certain niche. Not immediately of course, but within 3-4 years.
I have a few more basic principles, but I just realized how much text I wrote...
Anyway, I hope you can use some of these.
Good luck to all of you!
PS: are there any more hungry Hungarians here?
Thanks much for having me in these fantastic forum!
A little introduction of myself. I am Attila, from Hungary. I have been doing my fastlane business since 2014-2015.
It's about selling food supplements online. I am doing this with my twinbrotherm only in our small country... And anyway it's been doing great.
Let me help you a bit, what has worked for us in the business. These are a few aspects which really helped to get here where we are now. I won't say this is the only way to succeed. But these ones really worked for us.
So here they are:
1. Having a strong purpose
Why did we decide to start something? Why should we sacrifice all our afternoons and evenings for months and years? Why should we start something besides our normal job that pays well? Why should we risk to be ridicioluls if our business won't work?
To risk all of these you have to be a strong purpose. This way you won't quit on the first obstacle.
My purpose was: I wanted freedom. I did not want to work for anybody else. I wanted to show the world I can do it. I accepted to work hard for my business for a few years. But after these years I can have more freedom to enjoy.
2. Having a partner
I am lucky as I have a twin brother. Basically we build our business from zero to the current 800K profit / year.
Pretty sure I couldn't get so far by myself only. However I know this can be really hard one to find someone with same goals, same dedication, and same vision. I am just saying this makes things easier. If I felt down a bit, he could help in and vice versa. It's also very helpful to share my thoughts, ideas and doubts during the process.
3. Using proper filters
In 2012-2013 we had many business ideas. What should we do, how to pick the best one(s) to start with?
I used some of these filters for selecting the best:
- Is there a huge need for this?
We have used Google Adwords keyword planner, Market Samurai and other SW tools for analyzing keywords in the different business niches. We looked for keywords of certain problems, pain points and purchasing intent
- Evergreen topics
We were looking for solutions for certain problems which considered to be "evergreen". It's a good one actually, so you can plan for the long term. It also helps establishing a long-term brand of your product.
- Relatively "small" sized physical products or electronic/sw products
These won't require too much storage space, logistics, handling, etc.
- Operating the business must not require "high skills" in order to be outsourced it easily
So we could find 1-2 colleagues who can actually operate it, while I could work on building and developing the business.
Regarding our colleagues the most important aspects were the following: honesty, integrity, flexibility, indenpendence and willing to work. We did not care too much their professional background, they could study everything if they have the right mentality.
We had some more filters, if you are interested I can share those too...
4. Listening carefully to customers.
How can we do better? What is missing? Talking to real customers in person. Listening to them. Let them talk for an hour if they wish to! I know there's tons of other things to do. But we did not save time on this. Never. You should do it too. You'll get so much valuable information. And then you can build all of these into your business.
5. Being exceptionally exhaustive
Willing to work, no matter about the circumstances... This one was definitely worked for us. And I mean not just working on the fancy things... We just simply put more effort into boring and repetitive tasks which needed to be done. For example: analyzing the needs, keywords, competition, market, etc. Always asked from ourselves: how can we do better than this?
With this method we simply outpaced the competition and became market leaders in our certain niche. Not immediately of course, but within 3-4 years.
I have a few more basic principles, but I just realized how much text I wrote...
Anyway, I hope you can use some of these.
Good luck to all of you!
PS: are there any more hungry Hungarians here?
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