What summer internships/jobs do you guys recommend for someone who wants to pursue tech sales after graduation from university?
Another easy one, any sales role or tech role.
my summer job had me do in-home demos of the product (wont say the name but pretty obvious). I scheduled appointments through cold call, referral and door-to-door now im in my first year of saas sales. they really appreciated the door knocking part of my job, and i believe it was a differentiator.
It seems to me that one of the most effective + efficient ways to make multiple 6 figures online is by teaching other people how to make $500-5000 per month and selling courses / coaching / software to help them do that.
I think this is the best way to take my online business forward. Assuming I can do this anon, do you see any flaw in my plan?
I ask because while “personal branding” is discussed at length in other online biz circles, it is left out of Efficiency completely.
I suspect there may be a reason for that.
If you want to do it legitimate and want a real business you cannot do it anonymous. Anonymous is for hobbies.
If you try your idea with no ID tied to it… we can all but guarantee it will fail. So if you’re going to do it tie your name to it.
Thank you for your advice.
I appreciate the honesty as always.
Considering the recent drop on the stock market and what you have written in the Triangle (that the massive adoption and inefficiency of ETFs will cause a blood bath) what strategy would you recommend for someone that has no exposure to stocks but has money to invest?
Should it be:
– wait for possible correction (-30% or more)
– buy in anyway
– dollar cost average
or something else?
This is covered in the first chapter of the book? We give 3 different strategies so choose one.
All of those work depending on your risk tolerance and time frame
Sorry, didn’t make the question precise enough:
The question is about the timing (assuming one wants to invest in stocks anyway) – whether it makes sense to wait out a potential correction or just dollar cost average and never mind that the market is all time high?
Again this was already answered in the book.
You can dollar cost for 40 years
Or wait for a dip and load up. Both work
Frsshman at top 5 college, will soon have online business. Have to graduate, but my parents are rich and will fund my business.
Don’t have intelligence in numerics but do in the other 2. Should I:
1. Major in stat/comp sci, vey time consuming but useful.
2. Pick bullshit major and just scale.
We can’t answer this.
1) If you have living wage from business it is real. IF you have no income = you don’t have anything just hopes and dreams which are valued at zero.
2) picking a BS major is a waste of time since it leads to debt and no employment opportunities. Choose something that leads to a career in a downside case.
Thanks, wake up call.
Until it’s profitable I’m just living off my parents with a jobless future.
Need to fix that ASAP.
Not seeing enough game-related questions here.
We killed that entire portion two years ago and don’t bother with it. If successful there are no issues as you get older so we’re removing your question. It’s easy.
Once you get older, game becomes natural part of your personality. If you are successful in other areas of your life, it will transition to “game” (ie: status)
Thank god a normal response.
Game is for losers who never made it after age 28 or so.
Thanks for doing this. Thoughts on the viability of drop shipping in 2018 as an online business model for a corporate professional (long day-job hours) – particularly, something geared toward a lucrative vertical/niche? Seems scalable and has the capability of being automated and/or outsourced (at least, to a large extent). Worthwhile entree to online biz, or wait until one develops a product creation idea?
It is extremely saturated now. Has been for years. If you have an edge it will work, otherwise there is a reason we didn’t bother with it in the book.
It depends on what drop shipping model you are talking about. If you are talking about Ali+Facebook trendy products then I agree it is not worth it unless you have a sophisticated operation with a large bankroll.
The model works by testing tens/hundreds of products, finding a few that work, scaling them as much as possible before every other dropshipper copies you and kills the product in a month. If you don’t have the bankroll someone will just out-scale you and all your hard work will go to waste.
I have friends running a 300-500k a month profit operation in in this model but they have a significant edge. (Millions in $$ to float from concurrent BH operation, strong relationships and years of media buying experience)
The big guys even have warehouses and large teams in China and can even buy out the whole supply of certain products so that no one can even compete with them.
Other models like POD or just running CPA offers is a better place to start.
Remind me if I’m wrong you mentioned the breakdown of time spent in a business should be:
40%-sales
40%-product improvement
20%-admin
You guys have helped me a lot around the selling what I’m offering, but what are your general best practices for improving product offering/uncovering opportunity with client base?
Thanks for all the help! I tell everyone I know about Efficiency because it has changed my life and my business (but of course they still don’t read them); smiling & nodding at them since… : P
Sure so maybe change it to 40% sales, 50% product, 10% admin. Ideally Admin goes to nearly zero. Otherwise looks good.
We can’t tell you what we are selling never will.
Hello, I am currently applying to roles in Enterprise Software Sales I wanted to see your thoughts on applying to second tier cities (looking at Washington DC and Atlanta). The first year salary of a BDR/SDR (even at major companies such as SAP, Salesforce, and Oracle) is typically very low (50-70K) and I think that this would be tough to live off of in New York. Would you recommend that I apply to a BDR/SDR role in New York directly, or that I apply to a second tier city then transfer over after receiving the AE promotion?
Another easy one, go to the Headquarters so you have a higher chance of promotion. A few tens of thousands of dollars isn’t going to matter 10 years later.
What is your view on the emerging Blockchain ETF’s (ex. BLOK and BLCN)?
Great potential or scam?
If you don’t own the private keys then you don’t own any crypto… so largely a waste of time.
Risks involved with starting crypto atm business?
Have some good locations picked out but trying to see the other side before pulling the trigger. Any thoughts on additional red flags if the numbers look good?
We can’t help here as we have never done it!
I’m very young. I have 1.2 million $.
I made 40% of it from minecraft and 60% from crypto.
Minecraft is dying.
Is it ok to focus only on crypto now or should I also work on new internet biz (selling digital products)?
Unless you are a developer, you need to get cash flow which is internet business.
So if you plan to just invest in crypto, that’s not a good idea. Build business first this was covered in both books already.
What are the fundamental components you observe to qualify an investment to be a good call?
You have to make money on it. More important than that, the reason why the price goes up must be 100% why you purchased it in the first place. If you buy it and it goes up for a 100% different reason, it was “wrong”.
Thanks guys appreciate it.
I am currently an intern at a bulge bracket bank and I’m wondering what advice you have for inters looking to stand out and land a full time offer.
Thank you!
Already covered, as long as you triple check your work it is all about politics. IF someone can’t make an excel sheet or power point slide they will be out of a job soon anyway!
I understand the the idea of how you spend your time + general weekly routine presented in efficiency. It seems to me however, as it is directed mostly towards someone who are already working a career.
How would you adapt this *specifically* to someone who is studying a university degree?
Easy replace all free time with scaling a business. College is the best time to learn internet sales as everyone else spends their time drinking beer.
Health question, brief summary: mid 20s, working in tech, healthy lifestlyle, since mid last year my health has inexplicably failed me, falling ill at least once a month, and not feeling well most of the time. My doctor found nothing, doesn’t really believe me/care. I believe I might have something rare/hard to find that necessitates thorough examinations (CAT scans and so on). Clearly lost energy, focus and motivation to do anything because of that.
What should I do, find other random doctors and keep trying to find cause, continue living like this and hope I get better, other solution?
Another easy one! Pay up for a progressive doctor, have your blood work done. All set!
Covered this in the last couple of posts.
Thank you for your reply!
I already had a lot of blood work done without finding what’s wrong unfortunately (hence further tests such as CAT scans and so on that might be needed).
But if I understand correctly, I guess that your point is to find a better doctor that will care more, and set me up for more tests until he finds something. I will do that then.
We are not doctors so definitely see a professional
Question: To establish a relationship with important people and/or influencers in my niche, how do I go about it? Is it as straightforward as for example booking a ticket to a conference or convention of some sort and just humbly ask said person if he/she is interested in my services? Are there any “pitches” you’d recommend I start training on?
Ask for advice. Take it. Send them proof you took their advice and that it worked. They will help you in future after that.
Perfect timing.
Would this also be your answer to the question:
“Most efficient way to find a mentor to help me grow my ecomm business?”
If so – are you just asking for advice via a cold email or trying to get a face to face and the asking for advice?
Thanks!
Same response cold email doesn’t work as well as face to face becuase people are animals
Need cold email to make initial contact though right?
Or you just turn up at their office (Charlie Sheen in Wall Street style)? haha
No… just go to a conference where they are in person
I am 26 and hold a master’s degree in neuroscience. I am living with my parents, my physical & mental health are going to shit, I’m awful at sales, and I haven’t secured a job yet. I am in a funk, and worried I’m running out of time to make something of myself.
Should I focus on securing a research job (short contracts but better than average salary), and spend my extra time building a secondary income – or, should I venture into sales?
Secondary income
Any speculative investments you can share ? I.e. alt coins or micro caps
Assuming you do this at this point ?
None our overview is in triangle investing
We can sustain a 60% decline in all markets (stocks, bonds, crypto, real estate) and still be fine. So if we find one we will post it
Hey guys – Hope your weekend is going well. Just a few more months till graduation and beyond excited to get into “the game;” been warming up too long.
Been learning online sales but still lack sufficient capital – i.e. broke and parents don’t want to support me financially (rightly so!) As you may know, I attend a top 20 school in a growing tier 3 southern city and have about 4-5 months until I start my gig in July.
Two options:
1.) Work for a local PE/VC fund (Pros: sharpen my skills before I start my job in July, thus maximizing my chance at office politics, higher pay; Con: Not learning online biz)
2.) Work for a local digital marketing/advertising agency (Pros: learn the business from real professionals, perhaps have access to the required, expensive software to work on my own biz; Cons: little, if any pay, very few such firms exist)
Appreciate the advice in advance, and please let me know if there is anything I can do for you on my behalf!
PE or VC
Digital marketing will die in the future due to AI/automation. Already happening to be honest.
You can learn online biz at work and at home
Appreciate the succinct response, guys. Meant to say performance marketing but I’d imagine you guys suspect it has a similar fate.
New post that’s up is great – I was at dinner this evening and funny enough my friend brought up Socrates/Stoicism, etc. Great stuff.
Question:
Missed out on partying when I was 18-32, making money.
Now 33 and black in a large southern city (Atlanta). Currently getting body into shape.
The desire is in me, so how can I transition from someone with lower-level social skills to someone who takes full advantage of the party and social scene wherever I’m at.
Same story as efficiency. If you are already rich go out 4-5 days a week instead of 2.
Within a few months you’ll be good to go just talk to every single person you find interesting. There are no short cuts.
Say you live in a place with not that many successful people(not Manhattan for example), you’re relatively successful, and want to keep a low profile.
How do you go about associating/socializing/networking with successful, or even just not stupid people in that case ?
There is no change yet again!!!
Just go to the nice places where the clientele will be in-line with people you like. High end gyms, high end restaurants/wine bars do not attract bad people
Hey guys,
Words can not express my gratitude for the info you’ve been releasing publicly! You guys are like the fathers I wish I had :-‘) I’m 24 years old, bought efficiency on release date, worked in enterprise IT sales and started an online business in August. I finally quit my sales job a month ago when I realized I was losing money by spending 40+ hours a week of my time in a cubicle.
My online business has nearly no operating costs (crypto niche), one of my clients is a celebrity billionaire who is very popular in the crypto space, and I’m bringing in roughly 30 to 40k profit per month. Problem is, all my revenue is in crypto.
I have about 2 years of living expenses in USD saved up. Do you guys see any reason why I should cash any of my profits out to fiat when it will obviously be worth a shit ton more in the next few years?
If you are rich then diversify. If you can sustain a 60-80% decline in crypto and not flinch then you are fine and don’t need to diversify
How do I approach girls?…… Just kidding.
Have a product idea and am at the stage of creating a sales page to test the market. Do I need to spend thousands on creating a website or can I make a sales page on wordpress?
Thanks
Covered in comments here and in book/blog…
Ok, going over the blog (Money Making Machine post) and the online biz section of Efficiency it looks like I have to drop a few grand on having someone design a website before running the demand test
WSPBs thanks for doing this. Info helped me land lateral gig in REIB in nyc.
Question: Having an extremely hard time with the online business. I’ve tried dropshipping to no avail (non existent margins) and don’t have enough for new product development. When you guys mention selling “someone else’s” product, what does that mean? Also niche website income is extremely low and I’m trying to get to secondary livable wage within 12 months. Only sticking point right now.
Any insight is appreciated.
Thanks
Sounds like you did not read the book
Affiliate marketing and start up costs have been covered on this blog 100s of times
Affiliate start up is around $5K
Real biz $50K
Might be too specific. But what is a good way to increase profitability of a business.
Almost overnight, my shopify store is now doing 30k mo in sales. The problem is profit is less than $1.75k is profit. Does not seem like a long-term business option with so low margins. cash back rewards have been nice though
Explain why the margins are so low what is in the costs.
Product costs = 14.20
Retail = 41.95
CPP = 24
Get rid of retail. Cut them out asap.
Look into backend monetizing through repeat orders if you’re not already (email marketing)
Correct
How do you maintain/build a moat around your online business if it is in a competitive insecurity market where most products are virtually identical (creams, pills, etc.)? Question comes from the standpoint of “sure, I can sell this product, but how do I maintain the customer base so I can sell the biz in the future”.
Is it just a matter of a USP that hasn’t been used before, better media buying, and building a customer base through better service, better offers, and forming partnerships with large industry influencers?
Thanks!
Easy, stick with influencers
Brand and marketing kills in spaces that are largely the same. Look at perfumes and clothing, same junk different price due to brand
Thanks, makes sense!
In those markets, have you came across influencers/people saying the product doesn’t work (“snake oil”), and how have you gotten around it?
Have not had that issue. If customer hates it refund it and don’t let them rebuy ever again
I have been working in enterprise software sales for the past two years since college graduation (early 20s), and I am finding that it is not a good fit for my skill set and personality. I am interested in making a career transition into Technology, as recommended in Efficiency, but I do not have a degree or background in a related field.
What is the most cost-effective and time efficient way to transition to a career in Technology from enterprise software sales, without having to go back to school or enrolling in a coding boot camp? Thanks!
No short cuts, boot camp is best
There’s a lot of free material out there for learning programming, which pretty much reduces the cost to zero. Structuring the curriculum yourself may be difficult though, and self-learning doesn’t transition into getting a job as easily as going to school or boot camps probably do.
In my experience, the courses don’t have too much depth to them, but they do cover the required ground for you to make something. For actually getting interviews I think your best bet is still getting someone to vouch for you. And at large tech companies, passing interviews ends up being hugely linked to your ability to solve algorithm problems (not covered in courses).
Thank you
For web development in particular,
freecodecamp.org, and “The Web Developer Bootcamp” and “The Advanced Web Developer Bootcamp” by Colt Steele on Udemy.com. The first is free, and the Udemy ones are $10. Google “udemy promo code” on google and try different ones until you find one that let’s you pay only $10 for a course.
Those will keep you busy for a while, and after you will know a lot more. And you will able to “see further.”
I did the first two, and they were the best I found for starting out, being very “step-by-step” and helpful. And ~$20, rather than $20,000!…
There are downside to technology as well, reconsider it carefully before you make the switch to software engineering. One thing is that technology and software framework changes very quickly.
I am a software Engineer and the technology that I have learned before has now become obsolete now. I am spending a decent amount of time outside of work just to keep myself up to date with the latest technology.
If you are in sales, then stay in it, it is something that you will find very valuable for a career and moving up the ladder. Even if you do move into software engineering, it is advised that you move into management at some point since technology will get replaced constantly as people coming up with newer frameworks, languages, etc.
Look into ageism in technology.
Just graduated from College, I will start working with a company making around 80k doing Cyber Security. I see alot of people on this forum doing well with online sells and I wanted to know where I could go to acquire the skills and expertise in this. I want to establish another stream of revenue as soon as possible.
I’m currently deciding on which degree to take at university my choices are between: A degree in Mathematics from Oxford University (with courses taken in mathematical finance). Or a degree in finance from a less prestigious university in the UK such as London School of Economics, as Oxford do not offer a degree in finance.
I would like to pursue a career in investment banking (preferably mergers and acquisitions) at a top investment bank firm. Would it be possible to achieve this with a degree in mathematics, or would someone with a degree in finance hold a much more favourable position.
Assume I have equal talent and enjoyment in both subjects. Which one would be the better option to take ?
See Q&A tab this was answered 5 years ago, answer never changes
If you can get a first or 2.1 in Oxford mathematics this trounces a first in LSE finance.
Studied mathematics at a UK T1 uni and now work in a BB in Sales (in an unheard of, less sexy part of banking that if done right generates sticky cash flows – pay is not quite M&A level but if you’re top 1-3 analyst then it’s a negligible difference anyway for the lifestyle benefits). Having sharp technicals is severely underrated and technicals plus sales is a killer combo. M&A is effectively sales at the higher level.
Financial theory is *fucking easy* if you’ve got a solid academic foundation (maths). CFA 1 you can learn in 50-100 hours, much the same for level 2. Can’t comment on 3 yet but I believe, on the assumption you can do it for a *low time investment*, might as well study maths then get the CFA once you get a BB job.
All about Return On Capital Employed and Return On Time Deployed… ROCE and ROTD are king, baby.
Bought triangle but haven’t read yet (still no secondary income) so apologies if this is covered already.
If dollar cost averaging, when your bonus drops do you invest it all as a lump sum or drip feed over time? Probably doesn’t make a difference over 10 years or so?
No big difference long term
I’m physically fit otherwise, no other conditions, basically eat paleo.
Never had this issue please see a high end doctor
How you deal with boring people and still have *fun*. People tend to talk a lot when using ‘smile nod agree’ and they never stop. How you make listening to bullshit enjoyable or should you just embrace the suck until you are in a postion where you can tell them to shut up. Avoiding them is not an option at this point.
Cheers.
Easy delete all of them. Boring people never change so only interact with them for business never for fun
Question: $1.45m liquid to invest. Very busy running online biz. $800k already invested. ($2.2M NW)
Would you invest in all asset classes slowly over 1,2,3 years? A 50% tank would be soul crushing to me if the online biz died at the same time.
Keep in cash enough to where you can invest the rest
If 50% is soul crushing then you cannot invest all of it. If you could see networth go down 25% then you can invest $1.1M
Quick one – work in a role where I need to put the biz in someone else’s name – have already incorporated in family member’s name. Wondering if I need to do the same thing on the bank account or if its OK to just run through my own bank account? Or does that raise red flags?
Make an LLC problem solved then it’s separate and under neither name and can be transferred any time
Yep, have looked into that, but someone needs to go to the bank to open the account and provide their personal info, right? At least that’s what I was told when I called around to inquire. So do I need that relative to go in to do so?
Sure you can do that
Thoughts on how to pivot a career into the crypto space? Most jobs are currently geared towards developers but expecting new opportunities for both career and side biz as mentioned in triangle investing.
All our biz ideas are in the book for crypto
If you are not a developer probably not a bright idea to pivot and better to go the sales route, create a biz related to helping token sales
Would you please elaborate on affiliate marketing in more detail? For generating sales without running cloakers. Efficiency was thin on actual “how to” information.
Not thin at all, take all the product specific ones that were for legit businesses and apply exactly the same to affiliates.
You can try to find other “books” but you’ll get the exact same thing in the 30-40 pages on the topic. Except other books waste 200 pages on the same topic which is covered in the book already
We have no problem with buying other internet “idea” books, since we know what will happen… “already learned from efficiency” happened already 100 different times
I didn’t hang onto transaction ID, but I bought both products.
23, undergrad in finance, transitioning out of the military in a couple of years, going into tech sales as outlined in efficiency. Any thoughts on the utility of attending college for MBA/ any other postgrad program if it is completely free, including living expenses?
My current stance is it is a worthwhile investment of time and effort ONLY if I can swing attending a top 10/M7 type MBA program (I’m competitive, but on the margin).
If it is free then it’s free money, take it and run. Get the MBA build a business in those two years. That’s risk free upside
Any thoughts on worthwhile schools/ biggest factors (geography, alumni base, available resources/support) I should be looking at when evaluating options?
Nah it’s the same answer, go to the best one yo Ivan that is free.
If trying to go into m&a then the best one for finance that is free.
Key is don’t spend to get an MBA
Great posts WSPs!
You had said that work comes in waves when you don’t have a day job. How do you handle yourself when there is not much work from going nuts by overanalyzing?
Not sure what you mean we don’t over analyze.
That’s from experience and shouldn’t be an issue after age 25 or so
If I want to take a dollar-cost-average type approach to crypto and not have to think about constantly keeping up with news/current events, is sticking with btc/eth a good strategy or should I diversify further than that?
I understand this will leave some upside on the table but I’m basically trying to find a passive way to get 80%ish of the upside and then spend my time on other things since I’m not a developer and tech/quant stuff is not one of my strengths thus my active time is better spent elsewhere imo.
Thanks in advance!
That won’t work. Only way to do it is to buy he top ~40 coins or so and rebalance to the new top 40 every year or so. Still unclear if that would work becuase this is venture funding and some will be worth zero and some a lot
Thank you for making your time available.
Will you be sending anyone out to the Canton Fair this spring?
P.S. Hope you were able to hit 5x on the sale.
Will not be there
Mindset advice: how can I always be confident in what I do and what I say? I have a friend who has cultivated an aura of certainty and confidence which you immediately pick up on just by his walk and talk. I want to be certain and confident like my friend and not second guess myself.
We don’t do that stuff. It is just desensitization.
Do what you want over and over till you are comfortable with it and move on.
What would you do in my situation?
Background:
20, Hispanic
1.86 GPA at a community college.
2 side businesses both semi passive generating less than $10k a year.
I am a developer looking to increase my income. Planning to drop out of college and join a boot camp and enter a developer career and build upon or build new side businesses.
Net worth is currently – 20k, have 5k in stocks + termed life insurance.
Either A) get gpa up not sure how that happened otherwise B) have to go all in on side businesses.
Realistically the side business is the best option with the boot camp.
So we agree
If you decide to stay in community college, and do not go down the developer bootcamp route, you’ve screwed up jr. college to such a degree that you now need to start over. Enroll at another nearby community college and do not tell any schools that you apply to about the previous one. Do not worry, they will never figure it out.
At least you’re still young.
Have been working in IB, so have lost touch with group of college friends. Should this be a concern? In 20s so obviously money should be focus. What’s your perspective looking back 10 years down the road?
Aware of the need to built out new relationships, but feel like it makes sense to stay in touch with a core group. (Access to girls etc. as well in addition to friendships)
No concerns at all my man you are well on your way’
I am 19, talented in synthesis/intent, no talent in numerics, about to enter the 2nd year of a civil engineering degree.
I’m currently working a software sales job over the summer and loving it, seriously considering doing the bare minimum to pass my degree and entering sales straight after graduation.
How long would it take to achieve financial independence working in civil engineering company with no connections? (in a city where average pay is around 50k USD, $1500/month for 2 bedroom)
A very long time! We don’t know your costs though
Follow the plan in efficiency and you’re much better off!
I have a degree in civil engineering. In my experience, civil engineers are not financially ambitious. For many, their dream is to land a government job with a pension, benefits, 4 weeks of vacation and a 40 hour work week.
Also businesses in civil do not usually scale either, you’re still selling your time on projects on a one off basis. You’re tied to a specific location. Right now, the construction industry is booming but when it turns down, things will get very ugly.
Owning a construction company can be very profitable but it is a people oriented and brick and mortar based business. It also has a lot of legal liabilities and insane hours.
I worked a day job, traded financial markets/crypto at night and on the job. I built up my bankroll and now I’m not in the rat race in anymore.
If I could go back in time, I would have majored in computer science or gone into tech sales instead of civil engineering. More money and a more useful skill set that I would be able to apply towards my trading or business.
Question: For the business, you talk about selling physical products. What do you think about selling courses or educational material in your niche area? Is it better to sell on your own platform or through something like Udemy?
*Selling online courses.
Yes that works extremely high margin. This is why people are selling “become a crypto expert mastermind” courses. 90% margins
Apart from the cryptos mentioned in triangle investing, are there others you have invested in or are looking to invest in?
Thanks.
Not at this time
Graduating college this May in finance, want to get into sales as outlined in Efficiency.
Problem is, I have no in-person sales experience (have done online marketing though), so recruiters are probably filtering me out for the SDR/BDR roles.
Should I do retail/car salesman for a few months to build sales skills, or do data analyst/admin/back office roles with big name companies to start building a bankroll for side business?
Check the website for post on enterprise sales
Search enterprise sales, we haven’t done it so don’t know
Thanks for doing this!
You’ve always mentioned about lying down and nodding. But when are there occasions where you don’t lie down and show your cards?
For instance, I feel like if someone is on your level (your co-worker) or if someone is older than you, its best to lie down. But if someone is younger than you, then you don’t?
Nah your co-worker thinks he is better than you and even the guy younger than you thinks he is better than you.
Everyone thinks they are king so just tell everyone they are the best and move on
What is your suggestion for guys living in countries where your outlined careers are not that high paying and not that skewed towards bonuses and commissions? (average yearly salary in our country is 8,400 EUR and market is small)
We can’t give advice on countries where we do not reside, would not be honest.
A good amount of time in my days are spent prepping food/doing dishes, one meal at a time, hugely inefficient, but the quality of food is so much better than meal prepping one day a week and having it sit in the fridge.
What are your specifics/hacks in terms of maintaining a healthy diet/being efficient for someone that hasn’t “made it” yet? (Fast food recommendations, meal prep recipes, etc)
Well you could cook for 1-2 days worth. Doing one at a time is a bit excessive and definitely don’t try to cook for a week.
So try to do something like 1 cooking session a day and use that.
Otherwise, if you’re busy making money, the reality is you’re better off just eating quickly and not cooking. But everyone has a different style
What summer internships/jobs do you guys recommend for someone who wants to pursue tech sales after graduation from university?
Another easy one, any sales role or tech role.
my summer job had me do in-home demos of the product (wont say the name but pretty obvious). I scheduled appointments through cold call, referral and door-to-door now im in my first year of saas sales. they really appreciated the door knocking part of my job, and i believe it was a differentiator.
It seems to me that one of the most effective + efficient ways to make multiple 6 figures online is by teaching other people how to make $500-5000 per month and selling courses / coaching / software to help them do that.
I think this is the best way to take my online business forward. Assuming I can do this anon, do you see any flaw in my plan?
I ask because while “personal branding” is discussed at length in other online biz circles, it is left out of Efficiency completely.
I suspect there may be a reason for that.
If you want to do it legitimate and want a real business you cannot do it anonymous. Anonymous is for hobbies.
If you try your idea with no ID tied to it… we can all but guarantee it will fail. So if you’re going to do it tie your name to it.
Thank you for your advice.
I appreciate the honesty as always.
Considering the recent drop on the stock market and what you have written in the Triangle (that the massive adoption and inefficiency of ETFs will cause a blood bath) what strategy would you recommend for someone that has no exposure to stocks but has money to invest?
Should it be:
– wait for possible correction (-30% or more)
– buy in anyway
– dollar cost average
or something else?
This is covered in the first chapter of the book? We give 3 different strategies so choose one.
All of those work depending on your risk tolerance and time frame
Sorry, didn’t make the question precise enough:
The question is about the timing (assuming one wants to invest in stocks anyway) – whether it makes sense to wait out a potential correction or just dollar cost average and never mind that the market is all time high?
Again this was already answered in the book.
You can dollar cost for 40 years
Or wait for a dip and load up. Both work
Frsshman at top 5 college, will soon have online business. Have to graduate, but my parents are rich and will fund my business.
Don’t have intelligence in numerics but do in the other 2. Should I:
1. Major in stat/comp sci, vey time consuming but useful.
2. Pick bullshit major and just scale.
We can’t answer this.
1) If you have living wage from business it is real. IF you have no income = you don’t have anything just hopes and dreams which are valued at zero.
2) picking a BS major is a waste of time since it leads to debt and no employment opportunities. Choose something that leads to a career in a downside case.
Thanks, wake up call.
Until it’s profitable I’m just living off my parents with a jobless future.
Need to fix that ASAP.
Not seeing enough game-related questions here.
We killed that entire portion two years ago and don’t bother with it. If successful there are no issues as you get older so we’re removing your question. It’s easy.
Once you get older, game becomes natural part of your personality. If you are successful in other areas of your life, it will transition to “game” (ie: status)
Thank god a normal response.
Game is for losers who never made it after age 28 or so.
Thanks for doing this. Thoughts on the viability of drop shipping in 2018 as an online business model for a corporate professional (long day-job hours) – particularly, something geared toward a lucrative vertical/niche? Seems scalable and has the capability of being automated and/or outsourced (at least, to a large extent). Worthwhile entree to online biz, or wait until one develops a product creation idea?
It is extremely saturated now. Has been for years. If you have an edge it will work, otherwise there is a reason we didn’t bother with it in the book.
It depends on what drop shipping model you are talking about. If you are talking about Ali+Facebook trendy products then I agree it is not worth it unless you have a sophisticated operation with a large bankroll.
The model works by testing tens/hundreds of products, finding a few that work, scaling them as much as possible before every other dropshipper copies you and kills the product in a month. If you don’t have the bankroll someone will just out-scale you and all your hard work will go to waste.
I have friends running a 300-500k a month profit operation in in this model but they have a significant edge. (Millions in $$ to float from concurrent BH operation, strong relationships and years of media buying experience)
The big guys even have warehouses and large teams in China and can even buy out the whole supply of certain products so that no one can even compete with them.
Other models like POD or just running CPA offers is a better place to start.
Remind me if I’m wrong you mentioned the breakdown of time spent in a business should be:
40%-sales
40%-product improvement
20%-admin
You guys have helped me a lot around the selling what I’m offering, but what are your general best practices for improving product offering/uncovering opportunity with client base?
Thanks for all the help! I tell everyone I know about Efficiency because it has changed my life and my business (but of course they still don’t read them); smiling & nodding at them since… : P
Sure so maybe change it to 40% sales, 50% product, 10% admin. Ideally Admin goes to nearly zero. Otherwise looks good.
We can’t tell you what we are selling never will.
Hello, I am currently applying to roles in Enterprise Software Sales I wanted to see your thoughts on applying to second tier cities (looking at Washington DC and Atlanta). The first year salary of a BDR/SDR (even at major companies such as SAP, Salesforce, and Oracle) is typically very low (50-70K) and I think that this would be tough to live off of in New York. Would you recommend that I apply to a BDR/SDR role in New York directly, or that I apply to a second tier city then transfer over after receiving the AE promotion?
Another easy one, go to the Headquarters so you have a higher chance of promotion. A few tens of thousands of dollars isn’t going to matter 10 years later.
What is your view on the emerging Blockchain ETF’s (ex. BLOK and BLCN)?
Great potential or scam?
If you don’t own the private keys then you don’t own any crypto… so largely a waste of time.
Risks involved with starting crypto atm business?
Have some good locations picked out but trying to see the other side before pulling the trigger. Any thoughts on additional red flags if the numbers look good?
We can’t help here as we have never done it!
I’m very young. I have 1.2 million $.
I made 40% of it from minecraft and 60% from crypto.
Minecraft is dying.
Is it ok to focus only on crypto now or should I also work on new internet biz (selling digital products)?
Unless you are a developer, you need to get cash flow which is internet business.
So if you plan to just invest in crypto, that’s not a good idea. Build business first this was covered in both books already.
What are the fundamental components you observe to qualify an investment to be a good call?
You have to make money on it. More important than that, the reason why the price goes up must be 100% why you purchased it in the first place. If you buy it and it goes up for a 100% different reason, it was “wrong”.
Thanks guys appreciate it.
I am currently an intern at a bulge bracket bank and I’m wondering what advice you have for inters looking to stand out and land a full time offer.
Thank you!
Already covered, as long as you triple check your work it is all about politics. IF someone can’t make an excel sheet or power point slide they will be out of a job soon anyway!
http://wallstreetplayboys.com/office-politics/
I understand the the idea of how you spend your time + general weekly routine presented in efficiency. It seems to me however, as it is directed mostly towards someone who are already working a career.
How would you adapt this *specifically* to someone who is studying a university degree?
Easy replace all free time with scaling a business. College is the best time to learn internet sales as everyone else spends their time drinking beer.
Health question, brief summary: mid 20s, working in tech, healthy lifestlyle, since mid last year my health has inexplicably failed me, falling ill at least once a month, and not feeling well most of the time. My doctor found nothing, doesn’t really believe me/care. I believe I might have something rare/hard to find that necessitates thorough examinations (CAT scans and so on). Clearly lost energy, focus and motivation to do anything because of that.
What should I do, find other random doctors and keep trying to find cause, continue living like this and hope I get better, other solution?
Another easy one! Pay up for a progressive doctor, have your blood work done. All set!
Covered this in the last couple of posts.
Thank you for your reply!
I already had a lot of blood work done without finding what’s wrong unfortunately (hence further tests such as CAT scans and so on that might be needed).
But if I understand correctly, I guess that your point is to find a better doctor that will care more, and set me up for more tests until he finds something. I will do that then.
We are not doctors so definitely see a professional
Question: To establish a relationship with important people and/or influencers in my niche, how do I go about it? Is it as straightforward as for example booking a ticket to a conference or convention of some sort and just humbly ask said person if he/she is interested in my services? Are there any “pitches” you’d recommend I start training on?
Ask for advice. Take it. Send them proof you took their advice and that it worked. They will help you in future after that.
Perfect timing.
Would this also be your answer to the question:
“Most efficient way to find a mentor to help me grow my ecomm business?”
If so – are you just asking for advice via a cold email or trying to get a face to face and the asking for advice?
Thanks!
Same response cold email doesn’t work as well as face to face becuase people are animals
Need cold email to make initial contact though right?
Or you just turn up at their office (Charlie Sheen in Wall Street style)? haha
No… just go to a conference where they are in person
I am 26 and hold a master’s degree in neuroscience. I am living with my parents, my physical & mental health are going to shit, I’m awful at sales, and I haven’t secured a job yet. I am in a funk, and worried I’m running out of time to make something of myself.
Should I focus on securing a research job (short contracts but better than average salary), and spend my extra time building a secondary income – or, should I venture into sales?
Secondary income
Any speculative investments you can share ? I.e. alt coins or micro caps
Assuming you do this at this point ?
None our overview is in triangle investing
We can sustain a 60% decline in all markets (stocks, bonds, crypto, real estate) and still be fine. So if we find one we will post it
Hey guys – Hope your weekend is going well. Just a few more months till graduation and beyond excited to get into “the game;” been warming up too long.
Been learning online sales but still lack sufficient capital – i.e. broke and parents don’t want to support me financially (rightly so!) As you may know, I attend a top 20 school in a growing tier 3 southern city and have about 4-5 months until I start my gig in July.
Two options:
1.) Work for a local PE/VC fund (Pros: sharpen my skills before I start my job in July, thus maximizing my chance at office politics, higher pay; Con: Not learning online biz)
2.) Work for a local digital marketing/advertising agency (Pros: learn the business from real professionals, perhaps have access to the required, expensive software to work on my own biz; Cons: little, if any pay, very few such firms exist)
Appreciate the advice in advance, and please let me know if there is anything I can do for you on my behalf!
PE or VC
Digital marketing will die in the future due to AI/automation. Already happening to be honest.
You can learn online biz at work and at home
Appreciate the succinct response, guys. Meant to say performance marketing but I’d imagine you guys suspect it has a similar fate.
New post that’s up is great – I was at dinner this evening and funny enough my friend brought up Socrates/Stoicism, etc. Great stuff.
Question:
Missed out on partying when I was 18-32, making money.
Now 33 and black in a large southern city (Atlanta). Currently getting body into shape.
The desire is in me, so how can I transition from someone with lower-level social skills to someone who takes full advantage of the party and social scene wherever I’m at.
Same story as efficiency. If you are already rich go out 4-5 days a week instead of 2.
Within a few months you’ll be good to go just talk to every single person you find interesting. There are no short cuts.
Say you live in a place with not that many successful people(not Manhattan for example), you’re relatively successful, and want to keep a low profile.
How do you go about associating/socializing/networking with successful, or even just not stupid people in that case ?
There is no change yet again!!!
Just go to the nice places where the clientele will be in-line with people you like. High end gyms, high end restaurants/wine bars do not attract bad people
Hey guys,
Words can not express my gratitude for the info you’ve been releasing publicly! You guys are like the fathers I wish I had :-‘) I’m 24 years old, bought efficiency on release date, worked in enterprise IT sales and started an online business in August. I finally quit my sales job a month ago when I realized I was losing money by spending 40+ hours a week of my time in a cubicle.
My online business has nearly no operating costs (crypto niche), one of my clients is a celebrity billionaire who is very popular in the crypto space, and I’m bringing in roughly 30 to 40k profit per month. Problem is, all my revenue is in crypto.
I have about 2 years of living expenses in USD saved up. Do you guys see any reason why I should cash any of my profits out to fiat when it will obviously be worth a shit ton more in the next few years?
If you are rich then diversify. If you can sustain a 60-80% decline in crypto and not flinch then you are fine and don’t need to diversify
How do I approach girls?…… Just kidding.
Have a product idea and am at the stage of creating a sales page to test the market. Do I need to spend thousands on creating a website or can I make a sales page on wordpress?
Thanks
Covered in comments here and in book/blog…
Ok, going over the blog (Money Making Machine post) and the online biz section of Efficiency it looks like I have to drop a few grand on having someone design a website before running the demand test
WSPBs thanks for doing this. Info helped me land lateral gig in REIB in nyc.
Question: Having an extremely hard time with the online business. I’ve tried dropshipping to no avail (non existent margins) and don’t have enough for new product development. When you guys mention selling “someone else’s” product, what does that mean? Also niche website income is extremely low and I’m trying to get to secondary livable wage within 12 months. Only sticking point right now.
Any insight is appreciated.
Thanks
Sounds like you did not read the book
Affiliate marketing and start up costs have been covered on this blog 100s of times
Affiliate start up is around $5K
Real biz $50K
Might be too specific. But what is a good way to increase profitability of a business.
Almost overnight, my shopify store is now doing 30k mo in sales. The problem is profit is less than $1.75k is profit. Does not seem like a long-term business option with so low margins. cash back rewards have been nice though
Explain why the margins are so low what is in the costs.
Product costs = 14.20
Retail = 41.95
CPP = 24
Get rid of retail. Cut them out asap.
Look into backend monetizing through repeat orders if you’re not already (email marketing)
Correct
How do you maintain/build a moat around your online business if it is in a competitive insecurity market where most products are virtually identical (creams, pills, etc.)? Question comes from the standpoint of “sure, I can sell this product, but how do I maintain the customer base so I can sell the biz in the future”.
Is it just a matter of a USP that hasn’t been used before, better media buying, and building a customer base through better service, better offers, and forming partnerships with large industry influencers?
Thanks!
Easy, stick with influencers
Brand and marketing kills in spaces that are largely the same. Look at perfumes and clothing, same junk different price due to brand
Thanks, makes sense!
In those markets, have you came across influencers/people saying the product doesn’t work (“snake oil”), and how have you gotten around it?
Have not had that issue. If customer hates it refund it and don’t let them rebuy ever again
I have been working in enterprise software sales for the past two years since college graduation (early 20s), and I am finding that it is not a good fit for my skill set and personality. I am interested in making a career transition into Technology, as recommended in Efficiency, but I do not have a degree or background in a related field.
What is the most cost-effective and time efficient way to transition to a career in Technology from enterprise software sales, without having to go back to school or enrolling in a coding boot camp? Thanks!
No short cuts, boot camp is best
There’s a lot of free material out there for learning programming, which pretty much reduces the cost to zero. Structuring the curriculum yourself may be difficult though, and self-learning doesn’t transition into getting a job as easily as going to school or boot camps probably do.
I would say that Udacity Nanodegrees are pretty cost-effective. Example:
https://www.udacity.com/course/full-stack-web-developer-nanodegree–nd004
In my experience, the courses don’t have too much depth to them, but they do cover the required ground for you to make something. For actually getting interviews I think your best bet is still getting someone to vouch for you. And at large tech companies, passing interviews ends up being hugely linked to your ability to solve algorithm problems (not covered in courses).
Thank you
For web development in particular,
freecodecamp.org, and “The Web Developer Bootcamp” and “The Advanced Web Developer Bootcamp” by Colt Steele on Udemy.com. The first is free, and the Udemy ones are $10. Google “udemy promo code” on google and try different ones until you find one that let’s you pay only $10 for a course.
Those will keep you busy for a while, and after you will know a lot more. And you will able to “see further.”
I did the first two, and they were the best I found for starting out, being very “step-by-step” and helpful. And ~$20, rather than $20,000!…
There are downside to technology as well, reconsider it carefully before you make the switch to software engineering. One thing is that technology and software framework changes very quickly.
I am a software Engineer and the technology that I have learned before has now become obsolete now. I am spending a decent amount of time outside of work just to keep myself up to date with the latest technology.
If you are in sales, then stay in it, it is something that you will find very valuable for a career and moving up the ladder. Even if you do move into software engineering, it is advised that you move into management at some point since technology will get replaced constantly as people coming up with newer frameworks, languages, etc.
Look into ageism in technology.
Just graduated from College, I will start working with a company making around 80k doing Cyber Security. I see alot of people on this forum doing well with online sells and I wanted to know where I could go to acquire the skills and expertise in this. I want to establish another stream of revenue as soon as possible.
I’m currently deciding on which degree to take at university my choices are between: A degree in Mathematics from Oxford University (with courses taken in mathematical finance). Or a degree in finance from a less prestigious university in the UK such as London School of Economics, as Oxford do not offer a degree in finance.
I would like to pursue a career in investment banking (preferably mergers and acquisitions) at a top investment bank firm. Would it be possible to achieve this with a degree in mathematics, or would someone with a degree in finance hold a much more favourable position.
Assume I have equal talent and enjoyment in both subjects. Which one would be the better option to take ?
See Q&A tab this was answered 5 years ago, answer never changes
If you can get a first or 2.1 in Oxford mathematics this trounces a first in LSE finance.
Studied mathematics at a UK T1 uni and now work in a BB in Sales (in an unheard of, less sexy part of banking that if done right generates sticky cash flows – pay is not quite M&A level but if you’re top 1-3 analyst then it’s a negligible difference anyway for the lifestyle benefits). Having sharp technicals is severely underrated and technicals plus sales is a killer combo. M&A is effectively sales at the higher level.
Financial theory is *fucking easy* if you’ve got a solid academic foundation (maths). CFA 1 you can learn in 50-100 hours, much the same for level 2. Can’t comment on 3 yet but I believe, on the assumption you can do it for a *low time investment*, might as well study maths then get the CFA once you get a BB job.
All about Return On Capital Employed and Return On Time Deployed… ROCE and ROTD are king, baby.
Bought triangle but haven’t read yet (still no secondary income) so apologies if this is covered already.
If dollar cost averaging, when your bonus drops do you invest it all as a lump sum or drip feed over time? Probably doesn’t make a difference over 10 years or so?
No big difference long term
I’m physically fit otherwise, no other conditions, basically eat paleo.
Never had this issue please see a high end doctor
How you deal with boring people and still have *fun*. People tend to talk a lot when using ‘smile nod agree’ and they never stop. How you make listening to bullshit enjoyable or should you just embrace the suck until you are in a postion where you can tell them to shut up. Avoiding them is not an option at this point.
Cheers.
Easy delete all of them. Boring people never change so only interact with them for business never for fun
Question: $1.45m liquid to invest. Very busy running online biz. $800k already invested. ($2.2M NW)
Would you invest in all asset classes slowly over 1,2,3 years? A 50% tank would be soul crushing to me if the online biz died at the same time.
Keep in cash enough to where you can invest the rest
If 50% is soul crushing then you cannot invest all of it. If you could see networth go down 25% then you can invest $1.1M
Quick one – work in a role where I need to put the biz in someone else’s name – have already incorporated in family member’s name. Wondering if I need to do the same thing on the bank account or if its OK to just run through my own bank account? Or does that raise red flags?
Make an LLC problem solved then it’s separate and under neither name and can be transferred any time
Yep, have looked into that, but someone needs to go to the bank to open the account and provide their personal info, right? At least that’s what I was told when I called around to inquire. So do I need that relative to go in to do so?
Sure you can do that
Thoughts on how to pivot a career into the crypto space? Most jobs are currently geared towards developers but expecting new opportunities for both career and side biz as mentioned in triangle investing.
All our biz ideas are in the book for crypto
If you are not a developer probably not a bright idea to pivot and better to go the sales route, create a biz related to helping token sales
Would you please elaborate on affiliate marketing in more detail? For generating sales without running cloakers. Efficiency was thin on actual “how to” information.
Not thin at all, take all the product specific ones that were for legit businesses and apply exactly the same to affiliates.
You can try to find other “books” but you’ll get the exact same thing in the 30-40 pages on the topic. Except other books waste 200 pages on the same topic which is covered in the book already
We have no problem with buying other internet “idea” books, since we know what will happen… “already learned from efficiency” happened already 100 different times
I didn’t hang onto transaction ID, but I bought both products.
23, undergrad in finance, transitioning out of the military in a couple of years, going into tech sales as outlined in efficiency. Any thoughts on the utility of attending college for MBA/ any other postgrad program if it is completely free, including living expenses?
My current stance is it is a worthwhile investment of time and effort ONLY if I can swing attending a top 10/M7 type MBA program (I’m competitive, but on the margin).
If it is free then it’s free money, take it and run. Get the MBA build a business in those two years. That’s risk free upside
Any thoughts on worthwhile schools/ biggest factors (geography, alumni base, available resources/support) I should be looking at when evaluating options?
Nah it’s the same answer, go to the best one yo Ivan that is free.
If trying to go into m&a then the best one for finance that is free.
Key is don’t spend to get an MBA
Great posts WSPs!
You had said that work comes in waves when you don’t have a day job. How do you handle yourself when there is not much work from going nuts by overanalyzing?
Not sure what you mean we don’t over analyze.
That’s from experience and shouldn’t be an issue after age 25 or so
If I want to take a dollar-cost-average type approach to crypto and not have to think about constantly keeping up with news/current events, is sticking with btc/eth a good strategy or should I diversify further than that?
I understand this will leave some upside on the table but I’m basically trying to find a passive way to get 80%ish of the upside and then spend my time on other things since I’m not a developer and tech/quant stuff is not one of my strengths thus my active time is better spent elsewhere imo.
Thanks in advance!
That won’t work. Only way to do it is to buy he top ~40 coins or so and rebalance to the new top 40 every year or so. Still unclear if that would work becuase this is venture funding and some will be worth zero and some a lot
Thank you for making your time available.
Will you be sending anyone out to the Canton Fair this spring?
P.S. Hope you were able to hit 5x on the sale.
Will not be there
Mindset advice: how can I always be confident in what I do and what I say? I have a friend who has cultivated an aura of certainty and confidence which you immediately pick up on just by his walk and talk. I want to be certain and confident like my friend and not second guess myself.
We don’t do that stuff. It is just desensitization.
Do what you want over and over till you are comfortable with it and move on.
What would you do in my situation?
Background:
20, Hispanic
1.86 GPA at a community college.
2 side businesses both semi passive generating less than $10k a year.
I am a developer looking to increase my income. Planning to drop out of college and join a boot camp and enter a developer career and build upon or build new side businesses.
Net worth is currently – 20k, have 5k in stocks + termed life insurance.
Either A) get gpa up not sure how that happened otherwise B) have to go all in on side businesses.
Realistically the side business is the best option with the boot camp.
So we agree
If you decide to stay in community college, and do not go down the developer bootcamp route, you’ve screwed up jr. college to such a degree that you now need to start over. Enroll at another nearby community college and do not tell any schools that you apply to about the previous one. Do not worry, they will never figure it out.
At least you’re still young.
Have been working in IB, so have lost touch with group of college friends. Should this be a concern? In 20s so obviously money should be focus. What’s your perspective looking back 10 years down the road?
Aware of the need to built out new relationships, but feel like it makes sense to stay in touch with a core group. (Access to girls etc. as well in addition to friendships)
No concerns at all my man you are well on your way’
I am 19, talented in synthesis/intent, no talent in numerics, about to enter the 2nd year of a civil engineering degree.
I’m currently working a software sales job over the summer and loving it, seriously considering doing the bare minimum to pass my degree and entering sales straight after graduation.
How long would it take to achieve financial independence working in civil engineering company with no connections? (in a city where average pay is around 50k USD, $1500/month for 2 bedroom)
A very long time! We don’t know your costs though
Follow the plan in efficiency and you’re much better off!
I have a degree in civil engineering. In my experience, civil engineers are not financially ambitious. For many, their dream is to land a government job with a pension, benefits, 4 weeks of vacation and a 40 hour work week.
Also businesses in civil do not usually scale either, you’re still selling your time on projects on a one off basis. You’re tied to a specific location. Right now, the construction industry is booming but when it turns down, things will get very ugly.
Owning a construction company can be very profitable but it is a people oriented and brick and mortar based business. It also has a lot of legal liabilities and insane hours.
I worked a day job, traded financial markets/crypto at night and on the job. I built up my bankroll and now I’m not in the rat race in anymore.
If I could go back in time, I would have majored in computer science or gone into tech sales instead of civil engineering. More money and a more useful skill set that I would be able to apply towards my trading or business.
Question: For the business, you talk about selling physical products. What do you think about selling courses or educational material in your niche area? Is it better to sell on your own platform or through something like Udemy?
*Selling online courses.
Yes that works extremely high margin. This is why people are selling “become a crypto expert mastermind” courses. 90% margins
Apart from the cryptos mentioned in triangle investing, are there others you have invested in or are looking to invest in?
Thanks.
Not at this time
Graduating college this May in finance, want to get into sales as outlined in Efficiency.
Problem is, I have no in-person sales experience (have done online marketing though), so recruiters are probably filtering me out for the SDR/BDR roles.
Should I do retail/car salesman for a few months to build sales skills, or do data analyst/admin/back office roles with big name companies to start building a bankroll for side business?
Check the website for post on enterprise sales
Search enterprise sales, we haven’t done it so don’t know
Thanks for doing this!
You’ve always mentioned about lying down and nodding. But when are there occasions where you don’t lie down and show your cards?
For instance, I feel like if someone is on your level (your co-worker) or if someone is older than you, its best to lie down. But if someone is younger than you, then you don’t?
Nah your co-worker thinks he is better than you and even the guy younger than you thinks he is better than you.
Everyone thinks they are king so just tell everyone they are the best and move on
What is your suggestion for guys living in countries where your outlined careers are not that high paying and not that skewed towards bonuses and commissions? (average yearly salary in our country is 8,400 EUR and market is small)
We can’t give advice on countries where we do not reside, would not be honest.
A good amount of time in my days are spent prepping food/doing dishes, one meal at a time, hugely inefficient, but the quality of food is so much better than meal prepping one day a week and having it sit in the fridge.
What are your specifics/hacks in terms of maintaining a healthy diet/being efficient for someone that hasn’t “made it” yet? (Fast food recommendations, meal prep recipes, etc)
Well you could cook for 1-2 days worth. Doing one at a time is a bit excessive and definitely don’t try to cook for a week.
So try to do something like 1 cooking session a day and use that.
Otherwise, if you’re busy making money, the reality is you’re better off just eating quickly and not cooking. But everyone has a different style