- Joined
- Apr 11, 2018
- Messages
- 13
Rep Bank
$135
$135
User Power: 185%
Hey Everyone!
Quick Background
I have always been an entrepreneur and have done many side hussles and projects that have led to moderate success. I started like most of you, searching for a way out the rat race by watching informercials, business books and magazines, real estate investing, day trading, online marketing and anything else you can think of. After spending most of my late teens grasping at the next shiny opportunity, I began to fall in love with affiliate marketing and online marketing in general. For those who have been in the space for a long time, I was really intrigued by programs like rich jerk and others and started learning as much as I could about affiliate marketing.
I created sites in an effort to make affiliate money that failed and were of little interest to me personally. I had my first success with an affiliate site and making a few hundred dollars a month from a site without doing anything was the best feeling ever! I sold that site and felt on top of the world and my girlfriend finally understood I wasn't some mad man hammering away at the keyboard at 2am in the morning for nothing.
Any who, I have went on sell multiple sites and although they have given me great money, I never had quit my job money. At my day job, I work as a growth marketer and have been for 8 years. I have just sold my biggest site thus far and have decided to use those funds to start a local business and quit my day job. I have hated my job for some time due to the structure and we wanting to always be my own damn boss.
The sale will be enough to support my now wife and two kids and I for 2 years and allow me to invest in this new business. I also have income from other websites I still own but is very little to rely on.
The goal, is to start a local business I feel I can scale with my expertise in marketing and my new found skillset. Some may think I'm crazy but I realized I can always get anothre job worst case so with the wife's permission, I'm jumping!
I believe there is so much opportunity in local business opportunities and have found the industry I want to go after. I will be keeping the exact industry a secret for now, but will reveal it later down the road. The business services automobiles, residential and commercial clients and have great margins. Most local businesses operate as sole propiertors and the market is very segmented and ancient. I'll be looking to bringing the booking process and the service itself into the twentieth century.
I believe in moving fast, so I wont be getting a developer to waste my money and countless hours coding out the perfect booking experience, I'll be using tools I already know and launching as fast as I can.
The issue is the skillset to do the work was needed and Instead of hiring others, I have just finished two hands-on (week long) local courses that have taught me. I have practiced quite a bit and now I am confident I can do what I set out to do.
Today is my last day at having a job! I'm excited and scared at the same time but I am so ready for this journey and the challenges that come.
My goal is to update this thread weekly with my progress and updates and serve as a case study for not success or failure, but going through the process and sticking to it.
Business:
Local Biz
Commandments:
Time: Initial time will need to be invested to set up systems and standards, but the job tasks will be able to be handled my employees.
Scale: Service will be mobile based and will allow for scale to occur.
Need: This is a need based service that focuses on comfort, protection and health
Entry: Learning the skillset isn't the easiest, but can be learned within a month of consistent work
Control: The business is not a middle man and has full control
TASKS WORKING:
Getting website completed
Finalizing pricing model
Business formulation and permits. Bonded and insured.
Practice
Launch Date
October 28th
Quick Background
I have always been an entrepreneur and have done many side hussles and projects that have led to moderate success. I started like most of you, searching for a way out the rat race by watching informercials, business books and magazines, real estate investing, day trading, online marketing and anything else you can think of. After spending most of my late teens grasping at the next shiny opportunity, I began to fall in love with affiliate marketing and online marketing in general. For those who have been in the space for a long time, I was really intrigued by programs like rich jerk and others and started learning as much as I could about affiliate marketing.
I created sites in an effort to make affiliate money that failed and were of little interest to me personally. I had my first success with an affiliate site and making a few hundred dollars a month from a site without doing anything was the best feeling ever! I sold that site and felt on top of the world and my girlfriend finally understood I wasn't some mad man hammering away at the keyboard at 2am in the morning for nothing.
Any who, I have went on sell multiple sites and although they have given me great money, I never had quit my job money. At my day job, I work as a growth marketer and have been for 8 years. I have just sold my biggest site thus far and have decided to use those funds to start a local business and quit my day job. I have hated my job for some time due to the structure and we wanting to always be my own damn boss.
The sale will be enough to support my now wife and two kids and I for 2 years and allow me to invest in this new business. I also have income from other websites I still own but is very little to rely on.
The goal, is to start a local business I feel I can scale with my expertise in marketing and my new found skillset. Some may think I'm crazy but I realized I can always get anothre job worst case so with the wife's permission, I'm jumping!
I believe there is so much opportunity in local business opportunities and have found the industry I want to go after. I will be keeping the exact industry a secret for now, but will reveal it later down the road. The business services automobiles, residential and commercial clients and have great margins. Most local businesses operate as sole propiertors and the market is very segmented and ancient. I'll be looking to bringing the booking process and the service itself into the twentieth century.
I believe in moving fast, so I wont be getting a developer to waste my money and countless hours coding out the perfect booking experience, I'll be using tools I already know and launching as fast as I can.
The issue is the skillset to do the work was needed and Instead of hiring others, I have just finished two hands-on (week long) local courses that have taught me. I have practiced quite a bit and now I am confident I can do what I set out to do.
Today is my last day at having a job! I'm excited and scared at the same time but I am so ready for this journey and the challenges that come.
My goal is to update this thread weekly with my progress and updates and serve as a case study for not success or failure, but going through the process and sticking to it.
Business:
Local Biz
Commandments:
Time: Initial time will need to be invested to set up systems and standards, but the job tasks will be able to be handled my employees.
Scale: Service will be mobile based and will allow for scale to occur.
Need: This is a need based service that focuses on comfort, protection and health
Entry: Learning the skillset isn't the easiest, but can be learned within a month of consistent work
Control: The business is not a middle man and has full control
TASKS WORKING:
Getting website completed
Finalizing pricing model
Business formulation and permits. Bonded and insured.
Practice
Launch Date
October 28th
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