I just want to make sure I am understanding this correctly.
As I don't have a concrete idea or a 'thing' that I want to create, I have read that the best thing to do in the mean time is to sell.
Instead of over educating yourself through books and podcasts, the best way to develop into a good entrepreneur is to be out on the field.
Take action and put yourself out into the market. Learn the process of selling, marketing, listing products online etc.
You don't study entrepreneurship you practice entrepreneurship. Am I correct in saying that?
As MJ said in unscripted "one week of market engagement is more valuable than one month of market research and analysis."
So... would I be correct in doing the following?
Since I am yet to have a product or service of my own to pursue. I want to learn (through the process of market action, not studying) how to sell and market products.
My plan is to flip goods online. Buy cheap goods and then remarket them and resell them online. emphasise their strengths and skews and then sell them at a higher price.
I am fully aware that doing this alone would be money chasing and not in line with CENTS or the fundamental entrepreneurial idea of providing value.
What I instead want to achieve from this venture is real life market experience.
Which would be a better use of my time rather than endless reading and endless mind mapping while I look for the 'perfect' idea before taking action, which I think many wantrepreneurs wind up doing.
Is my way of thinking correct?
Thanks for reading, I appreciate all feedback.
As I don't have a concrete idea or a 'thing' that I want to create, I have read that the best thing to do in the mean time is to sell.
Instead of over educating yourself through books and podcasts, the best way to develop into a good entrepreneur is to be out on the field.
Take action and put yourself out into the market. Learn the process of selling, marketing, listing products online etc.
You don't study entrepreneurship you practice entrepreneurship. Am I correct in saying that?
As MJ said in unscripted "one week of market engagement is more valuable than one month of market research and analysis."
So... would I be correct in doing the following?
Since I am yet to have a product or service of my own to pursue. I want to learn (through the process of market action, not studying) how to sell and market products.
My plan is to flip goods online. Buy cheap goods and then remarket them and resell them online. emphasise their strengths and skews and then sell them at a higher price.
I am fully aware that doing this alone would be money chasing and not in line with CENTS or the fundamental entrepreneurial idea of providing value.
What I instead want to achieve from this venture is real life market experience.
Which would be a better use of my time rather than endless reading and endless mind mapping while I look for the 'perfect' idea before taking action, which I think many wantrepreneurs wind up doing.
Is my way of thinking correct?
Thanks for reading, I appreciate all feedback.
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
