Get rid of bad junkies out of my Fastlane vehicle

I can’t agree more after reading The Millionaire Fastlane: Crack the Code to… by MJ DeMarco. Time is really the most important thing in the Fastlane to millions. I think it’s time to stop wasting time and money keeping those unused domains. It’s time to find the easy way to turn them into cash.

I often thought about some idea and went ahead to Godaddy to purchase the domains. It end up doing nothing and simply waste hosting and domain registration fee. It also drag me down. Idea is worthless, if there is execution beyond that.

Time is money! The truth of wealth on Fastlane is revealed!

Really. I have not wasting any time today watching TV, chat on Facebook. I spent pretty much all day review my current Fastlane progress.

Local Project

My local project meets 3 out of the 5 commandments.

• The commandment of need
• The commandment of control
• The commandment of scale

And it needs some improvement on the other two.

• The commandment of entry
• The commandment of time

The project itself is really high demand (NEED) since the economy is so bad. Everyone is trying to save money here or there. I have almost total control of the project except the integration with Google Map and Ad revenue from Google AdSense. The project itself is also very scalable. It can be expanded into International and multilingual system. It can also be franchisee out eventually.

However, it is not hard to be copied. Actually, I was copying other website and made improvement. The worst barrier to this project is the time I spend on the project. Since I am small, I have to do almost everything from programming, system administration, customer services, copywriting (ouch), marketing (huh?), sales and human resource. I am basically working on a JOB.

I was also trying to win business by lowering my profit margin. I end up giving away my services for FREE. That hurts.

Here is my plan to change the situation.

• Make my service more unique. I am going to add new features, change the design and raise the price. It will add more value to the whole system.
• Hiring someone who are really good at doing what am not good at.

At mean time, I start experimenting a new project that is an add-on services to assist my main project. It’s going to be a subscription based services. It will server itself without any human involvement, once it’s up running smoothly. It will be truly Fastlane.

E-Commerce Project

My e-commerce websites is barely doing anything except generating some Googld Adsense income. Still debate on keeping them or get rid of them.

Adult Project

Well. I have a domain that keep getting traffic from people looking for a very unique lifestyle and niche. The demand is not that high, but it’s very unique. Haven’t had chance to implement it. It doesn’t have the scale to make it very profitable.

SEO Project

I have whole bunch other domains for SEO purpose at the beginning. They are now useless and are solely for Spammer entertainment purpose only.

So some of them must go pretty soon. Paying domain name without making the return back are simply a lose investment. Once they are all gone, I can focus on the one making good money.

Stay tune!