Sunday, December 1, 2019

How do you vet a supplier?

I'm looking for advice here. I've been talking with a manufacturer through Globalsources. I was searching for them specifically because I wanted to source directly from them as I trust their product.

The sales rep requests 100% payment upfront for the first order. They want a bank wire transfer. (TT)
They are a Chinese company with HSBC bank Honk Kong.

My question is how do I verify the bank info they sent me? I don't have any reason to doubt them other than being cautious that they are...

How do you vet a supplier?


from How do you vet a supplier?

University as a Fastlane foundation

Hey guys,

I know this forum probably isn't the best place to ask for college advice, but I still decided to post this anyway, since I would like to get some advice from people with similar mindset, or maybe from someone who was/is in similar position. Thank you in advance for your advice.

So, here is my problem. I'm currently in the final year of high school and I'm deciding on what to do next. I feel like attending college is the right choice since it's free where I live and I don't have...

University as a Fastlane foundation


from University as a Fastlane foundation

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Building the Process

I wanted to introduce myself and say a huge thank you to MJ for writing his two soul jarring books.

I’m married with one daughter, Eleanor, who is almost three. These two are a big motivator for Fastlane thinking and doing.

As far as my actual story goes, I’ve been in the Slowlane for the past 10 years while I’ve dabbled with potential Fastlane roads. During college I read Rich Dad Poor Dad which got me interested in Real Estate. I read a lot of books on Real Estate but then got tired of...

Building the Process


from Building the Process

Value Creation: Value Creation From Productive Activity From Nothing

There is a person - Bruce who speaks about Foreign Policy & Economics around the world.
I was checking his FB fanpage and found this awesome post about value creation.

Here is the post: Movies Are An Awesome Example Of How Wealth And Value Creation Works
LINK:
View...

Value Creation: Value Creation From Productive Activity From Nothing


from Value Creation: Value Creation From Productive Activity From Nothing

Lex DeVille's: Creative Persuasive [Two Days Only]

Hey everyone!

Creative Persuasive [my private email list] is now open.

I take new members once per year.

It is open for two days only (through cyber Monday).

To learn more go here.

Thank You!
~ Lex


from Lex DeVille's: Creative Persuasive [Two Days Only]

Should I buy this business?

So, I have started a small side business, which is a local service business and is very niche with nobody else doing it in my area. I started a thread on it here: EXECUTION - Overall Look at a Local Service Business

But, while I was networking and talking to people I know that run local businesses, I randomly found someone that would sell me his business. I know him very well...

Should I buy this business?


from Should I buy this business?

Facebook Ads: Create Custom Audience from a Group?

Alright Fastlane brain trust. I need your help here.

I’m considering doing a crowdfunding campaign for my business. The great thing about my niche, is that there are several large, active support groups for the illness we serve. I’m active in the groups and have gotten the blessing to post the campaign there, but we know reach and engagement can be random on big groups.

The largest group has around 40,000 members in it....

Is there a way to create a custom audience to target those...

Facebook Ads: Create Custom Audience from a Group?


from Facebook Ads: Create Custom Audience from a Group?

Im having problmes finding fast shipping and finding reliable manufacturers

The manufacturer on aliexpress take long to ship the product and i used a software called Silk-road but they never delivered the product. I would appreciate if anyone can tell me a good software or site that sells "Phoenix massage gun" for a low price around 65$ and they have fast shipping. Or even give me any tips on fast shipping and maybe a company that i can pay for fast shipping
Thank you


from Im having problmes finding fast shipping and finding reliable manufacturers

REI - Developing the Capital Stack

  • I am going to meet with some small community banks that are known to invest in the local area
  • My packet will include my resume, pictures of the houses that I have built, and financials
  • Am I missing something? I am admittedly a bit nervous about meeting with them
  • The goal is to develop a capital stack so that I can buy some properties after we go into a recession


from REI - Developing the Capital Stack

Hi Everyone

Hi Everyone, I look forward to becoming familiar with the Fastlane Forum, I've read both books by MJ and still continue to listen to the audio version of Unscripted during my drives to work. There is just too much to absorb in just a few reads. With that said, I'll keep in my introduction short. I'm in the Pharmaceutical Sales world and yes its a cush job, but totally unfulfilling and I can certainly go on a rant about that. I also have a real estate business with 2 flips in 2019 and in...

Hi Everyone


from Hi Everyone

Scaling eCommerce Chronicle - updating - own product, online shop, amazon - latest weekly profit: 700+

Hi all,

after a lot of reading I decided to participate in this fantastic forum - it might give inspiration and I might get some good help! Can't be asked with a blog, so this might give me nice little motivation and clear historic view of what actually happened when.

Goal - be able to quit the office. That will need at least about 5k profit gross / month (double the current net income, due to pensions, security etc).

How to get there - scale an online shop to the absolute MAX...

Scaling eCommerce Chronicle - updating - own product, online shop, amazon - latest weekly profit: 700+


from Scaling eCommerce Chronicle - updating - own product, online shop, amazon - latest weekly profit: 700+

A Falcon's flight

From this month I've made a change in my monthly schedule: I'm dedicating the first workday of every month to strategy and administration.

This will be the day from now on when I don't do anything else than evaluating the previous month and doing the important-but-not-urgent administration things that I tend to postpone for months if I am not forced to do them...

Why I started this thread?
  • I want a place where I can follow my own progress. I am planning to post here once a...

A Falcon's flight


from A Falcon's flight

Wisdom Quotes of the Day

DAILY WISDOM QUOTES




Don’t let the noise of others’ opinions drown out your own inner voice. - Steve Jobs


Maintaining a positive attitude uncovers hidden abilities and calls up untapped resources. It frames the conditions needed to make the best use of talents-provide fresh outlooks-set goals with confidence and overcome reluctance to trying new things. - Roger Fritz


from Wisdom Quotes of the Day

Rich Dad's latest scam?

I've been seeing adds for "Rich Dad's Boring Trading Method" in my news feed. Out of curiosity I clicked on one and was taken to an "advertorial" (what the hell?). In it Robert Kiyosaki claims that he wants to help you get rich investing - using his boring method. All you need to do is attend his Weekly Cash Flow Summit. I'm so disappointed in Mr. Kiyosaki. RDPD was the first entrepreneurial book I ever read. It opened my eyes to the possibility of a different life. After a few years...

Rich Dad's latest scam?


from Rich Dad's latest scam?