Quick Update:
I have really got my shit together now. I have a long-term plan and reverse engineered how I will get there. Im using visualisation daily and dam, it really gets me excited and fired up to get this thing going, u guys have no idea!
Im currently in the process of incorporating to have limited liability, since I plan to sell my products online. Im estimating that the process will take around 2-3 weeks to fully complete. I paid some bucks to be assisted by an experienced lawyers office, in my opinion, the money already paid back (all the tips and information I got from them).
I have to admit, once you really take action, its a f***ing scary feeling, but rewarding at the same time... Theres no going back now...
I am pretty much putting ALL my savings into the company (besides money that I need for food and rent for the next 6-8 months). Worst case, if I fail, its getting another job to rinse-repeat the process. Believe me, I really dont want to fail at it this time around...
I am going to give it all I got and try to launch my product idea latest by early November. Plan is to sell it online and get a push in sales from the christmas business. I think my product is in a good price range for christmas presents and its deffinetly a product that adds value and is (for some weird reason?) not really popular or discovered yet in my niche, although it would be such a good thing to use.
Im confident that I can get my network of friends and family to push me with good ratings on amazon (30-40 reviews at least) for my product, once it is ready. Social Proof along with some ad spend should get me going with some sales to get started.
I have used amazon FBA before and since I dont want ANYTHING to go wrong with the logistics during christmas season, I will be relying on them to fulfill orders and ship to customers. Ofcourse, I will also store some products at my place and ship via DHL from there.
I am looking to produce my product locally (made in Germany), none of that Chinese shit.
Am looking forward to give you guys more updates soon. @maverick thanks for your kick in the a$$ to get me start taking action, its just what I needed.
Best,
Champion
I have really got my shit together now. I have a long-term plan and reverse engineered how I will get there. Im using visualisation daily and dam, it really gets me excited and fired up to get this thing going, u guys have no idea!
Im currently in the process of incorporating to have limited liability, since I plan to sell my products online. Im estimating that the process will take around 2-3 weeks to fully complete. I paid some bucks to be assisted by an experienced lawyers office, in my opinion, the money already paid back (all the tips and information I got from them).
I have to admit, once you really take action, its a f***ing scary feeling, but rewarding at the same time... Theres no going back now...
I am pretty much putting ALL my savings into the company (besides money that I need for food and rent for the next 6-8 months). Worst case, if I fail, its getting another job to rinse-repeat the process. Believe me, I really dont want to fail at it this time around...
I am going to give it all I got and try to launch my product idea latest by early November. Plan is to sell it online and get a push in sales from the christmas business. I think my product is in a good price range for christmas presents and its deffinetly a product that adds value and is (for some weird reason?) not really popular or discovered yet in my niche, although it would be such a good thing to use.
Im confident that I can get my network of friends and family to push me with good ratings on amazon (30-40 reviews at least) for my product, once it is ready. Social Proof along with some ad spend should get me going with some sales to get started.
I have used amazon FBA before and since I dont want ANYTHING to go wrong with the logistics during christmas season, I will be relying on them to fulfill orders and ship to customers. Ofcourse, I will also store some products at my place and ship via DHL from there.
I am looking to produce my product locally (made in Germany), none of that Chinese shit.
Am looking forward to give you guys more updates soon. @maverick thanks for your kick in the a$$ to get me start taking action, its just what I needed.
Best,
Champion
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