What's new

my investment diversification

A detailed account of a Fastlane process...

Welcome to the only entrepreneur forum dedicated to building life-changing wealth.

Build a Fastlane business. Earn real financial freedom. Live your best life.

Tired of paying for dead communities hosted by absent gurus who don't have time for you?

Imagine having a multi-millionaire mentor by your side EVERY. SINGLE. DAY. Since 2007, MJ DeMarco has been a cornerstone of Fastlane, actively contributing on over 99% of days—99.92% to be exact! With more than 39,000 game-changing posts, he's dedicated to helping entrepreneurs achieve their freedom. Join a thriving community of over 90,000 members and access a vast library of over 1,000,000 posts from entrepreneurs around the globe.

Forum membership removes this block.

mako

New Contributor
Joined
Jun 6, 2016
Messages
2
Rep Bank
$90
User Power: 50%
I don't know if this is the right thread for this [feel free to move], it have a bit of my background, some questions, and as writing it and receiving feedback from successful people that have travelled the road before me, knowing I will get some speed to my vehicle...

OK, so I call the title of this thread "investment diversification", as I don't really have much to invest other than my time, knowledge and now a little cash...

Im still in the slowlane, working for others, i make software solutions, now starting soon a very lucrative contract with the gov. Was working before at a startup and saw from upclose the process of raising 2 rounds of 2Mil etc. Worked for marketing and enterprise...

Now, I have 2 products im working into bringing to market. Before i describe the products and the status of each, I just need to do a little unwinding as now im committed to make my product lunch ASAP, start the sales, and subscriptions...

I am/was working, will have to quit this Friday, as a mobile developer, ex team lead, to go to my new job at the gov...
The new job will be a big challenge, new technologies, doing some team lead also, but the pay is so good, that I can found my product development...

I have worked on software product development with overseas developers for clients in Australia and overseas. And have also now 2 years experience with side client products that i do architecture, team lead, project management...

So basically I feel that I can bring my products to life soon...

First another personal thing, I come from the "third world" [been professionally programming for 15 years], now in Sydney for 5 years, I never knew so much opportunity and thought many of the things I have seen others do stuff of Silicon Valley. I was like taking care of a flower in a carpark just trying to grow it in the cracks of the asphalt, and now have been taken to a forest...

Any way, I have this product for IoT [Internet of Things], the solution is for health care, first to be used with aged care and disability services.
Combines off the shelf sensors, cloud services and mobile phones. Big data, AI, voice control...
I am preparing more appropriate presentation for the product to post on the "internet" thread. Just want to keep the description high level here so we can please talk about strategy, and how this thing comes together and gets sold...
The problem this tech solution solves is the expensive and complex care, smart remote monitoring, and collaboration network needed to keep people safe, cheap, and programmable...

So as you can see, I have to work more on the 10,000 feet description, So far in this idea I have invested 20k$ on research of hardware and software platforms to make the solution reliable. Have won little hackatons, and presented in some big hackatons too. Getting feedback and finding technical founders that do put together the other parts of the puzzle to work...

Now, the goal is to have something published in about a month, first iteration of the product... here the question, I have done just a bit of actual client research, like asking possible clients what they need, what is their pain?...
Im preparing a little video to explain what this is, so I can tell them... look for less than $300 on hardware and $30 a month, you can have an AI reminding you about your medications and knowing if you fell down so it can contact your doctor and your son.
The target is really the son/carer, that takes care of the parent or the aged care center... this quickly exposed what I dont have, a quick explanation, and information on what the need is [they don't know this is possible!, is the faster horse dilemma?]

So, im putting together version zero of the healthcare app [freelancers, data sci guy cofounder, API guy cofounder, I do mobile apps/microcontrollers/sensors], and at the same time start getting info about what the people want?, I have lots of data on possible competitors, and what they are offering, off course I think there is 10X value on my proposition, but I will have to build it to prove it...

Now second product!
Is more to help my sister, she was a very known actress in south America, and have hundreds of thousands of followers on social networks, and knows other people that could expose this product to more people...
Basically we will use some digital marketing, drop shipping/ bulk buying/importing, repackaging, so she prepares videos teaching how to make up, doing reviews, showing duplicate alternatives to "TV" grade cosmetics...
This is a market that I have seen also in the startup I work at, done with some similar segment, but in Australia, the idea is to do it in US with latin girls, this is already done, but I think the exposure to all this followers can be beneficial to sell some things.

Now the same question. Im putting together with some freelancers the woocomerce site... so the question, Shall we prepare questionnaires to the followers asking them what tutorials they want to see?, or just start creating video tutorials and start pushing different make up/ hair products?

OK, thanks,
so this is my status!
working on the products, getting the platform ready, and wanting to find where to deploy the ships so we start following the currents to the fastlane :p

Oh I wish it was so easy hehe, Im also working on my main job, finishing side projects I had with clients, and closing this side projects so i can finish that side thing to open my own gig first part of my time, full time for the freelancers and hopefully make it full time soon as I go from
User 1 , 10, 100 , 1000 ... :]
 
Last edited:
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

Welcome to an Entrepreneurial Revolution

The Fastlane Forum empowers you to break free from conventional thinking to achieve financial freedom through UNSCRIPTED® Entrepreneurship where relative value and problem-solving are executed at scale. Living Unscripted® isn’t just a business strategy—it’s a way of life.

Follow MJ DeMarco

Get The Books that Change Lives...

The Fastlane entrepreneurial strategy is based on the CENTS Framework® which is based on the three best-selling books by MJ DeMarco.

mj demarco books
Back
Top Bottom