Capitalism.com with Ryan Daniel Moran

This has been a rough week. Rough month? Year? My content creator C-Money was over at my apartment, I had just put Esther to bed, and we got out a bottle of whiskey. I started opening up about some of my frustrations as an entrepreneur, some of the mistakes that I've made, and if we could do it all over again, how I would do things differently. I've had some ups and downs, I have had to fire some employees and hire new ones, and it feels like a time of transition. But my whole life as an entrepreneur has been filled with ups and downs... maybe you can relate? Listen to this episode if you want to avoid the mistakes that have cost me millions of dollars.

Show Notes Ryan had a great chat with real estate investor superstar Andrew Lanoie. He's given us some great tips to generate passive income, and we thought you should know what they are. Let's dive right in: The mobile home market is really underrated Andrew puts a lot of his focus on investing into mobile home communities. Investors hadn't really looked into that market for a long time, and Andrew saw a great opportunity here. You should consider looking into it. Entering into fragmented, underserved fields can lead to amazing scaling Andrew said that the mobile home market is very fragmented. There hasn't been a consolidation of businesses in the space into major owner/operators, and it's only recently that large investors have been paying serious attention to the market. Andrew is convinced that, if he plays his cards right and executes his plan well, he can become a major player in this space once it matures. Work with people who know the asset class you're interested in Andrew is aware of investor excitement in other asset classes, such as cryptocurrencies. It does interest him, but he's going all-in on his real estate niche. If he were to enter into another asset class, it would only distract him from the empire he is trying to create. To ensure the best possible returns, Andrew works with a number of people who really understand the market, and focuses solely on his expertise in this space. We hope you enjoyed listening to Andrew as much as Ryan enjoyed chatting with him! Key takeaways: The mobile home market is really underrated Entering into fragmented, underserved fields can lead to amazing scaling, and Work with people who know the asset class you're interested in Connect with Andrew Learn more about Andrew at http://andrewlanoie.com/ On Facebook On Twitter On LinkedIn

Host Information Facebook: https://www.facebook.com/ryandanielmoran/ LinkedIn: https://www.linkedin.com/in/theryanmoran/ Twitter: https://twitter.com/ryanmoran Website: https://capitalism.com Show Notes There have been a bunch of changes in the physical products world that have some people frustrated. Ryan's been thinking about it a lot, and he's come up with actionable advice to share with you about rethinking your ecommerce strategy, particularly if you rely on Amazon. Another large consolidation is happening. We had one a few years ago, when Amazon was in a "Wild West" period, where you could white label almost anything, get a few reviews, put up some decent copy and make a good profit. During that gold rush, people became lazy. This let companies that were doing really well squeeze out and buy up their smaller competitors, increasing their domination on the market. This made it harder for new entrepreneurs to get success with the same strategies A similar thing is happening now, which means you need to change your strategy to stay successful. The old way of doing ecommerce is over. Amazon has gotten hawkish about what you can do on the platform. Some of this is great, such as banning a number of black-hat strategies. Some of this is not so great, such as making it harder to market to your audience. Is there still opportunity? Yes. Are all the good markets taken? No. Are there any lucrative, high-profit margin niches out there? Absolutely. Here's how you can tap into that: Go super microbrand. Ten years ago, you could sell protein powder and do very well. Now there's dozens of types of protein powders out there, such as whey-based, keto, and plant-based. They all make money on high-margin products. A lot of them didn't even have to redesign their goods, they just had to rebrand to target a specific, small niche with their marketing. You can do that too with your own products! Don't be discouraged by the changes to the ecommerce world. Embrace the change and be the change! Key takeaways: Another large consolidation is happening The old way of doing ecommerce is over Go super microbrand Connect with Ryan Find more amazing podcast discussions on FreedomFastLane.com. On Facebook On YouTube On LinkedIn On Twitter

This week we chatted with Madhavi Gupta, who's made a 9-figure business, Best Nest Wellness, out of doing what she loves. Guest Information Facebook: https://www.facebook.com/lovemadebest Twitter: https://twitter.com/lovemadebest Website: https://www.bestnestwellness.com/ Email: support@bestnestwellness.com Show Notes From working as a neurologist to business success in supplements (while raising two kids), Madhavi had an incredible entrepreneurial journey. We wanted to share some advice we learned from Madhavi that you can take action on right now. Become part of communities. Madhavi sells supplements. That's a really hard field to break out into, since you need regular, habitual consumers and must differentiate your product from those offered by the established big brands. By forming genuine relationships with communities of people focused on wellness, Madhavi was able to get a sense of their needs, and improve the design and marketing of products towards her target audience. Get the word out. Nobody will buy your stuff if they don't know you exist! Madhavi started by focusing on marketing two products to those communities she connected to, including groups for expectant mothers interested in a "natural" birth. She spread the word out about her products through them, as well as offered heavy discounts on the products. Since her products were of really high quality, they sold quickly in those communities she had connected to, who evangelized her products to their social circles. Focus on why you are an entrepreneur. Madhavi is able to spend a good deal of quality time with her children, as her business gives her flexibility with her schedule. Being an entrepreneur lets her provide for and be with her family. While she is working to scale the business and dreams of great things for Best Nest Wellness, she has kept her goal in mind all this time: to be there for those who matter the most to her. We hope you enjoyed hearing about Madhavi's experience as an entrepreneur! Key takeaways: Become part of communities Get the word out, and Focus on why you are an entrepreneur Connect with Madhavi Learn more about Best Nest Wellness at https://www.bestnestwellness.com/. On Facebook On Twitter Connect with Ryan Find more amazing podcast discussions on FreedomFastLane.com. On Facebook On YouTube On LinkedIn On Twitter

Show Notes This week we chatted with Dr. Jenna Zigler, who runs Eye Love, an eye care and sunglasses company, with her husband Dr. Travis Zigler They've scaled it quickly, with an awesome $500,000.00 revenue earned in December 2017 alone. We wanted to share what Jenna learned along the way. We've summed it up in three actionable tips below: Create an online community for product targeting. Trained optometrists, Jenna and Travis wanted to start selling their own products, instead of those from other companies. They listened to what their patients had to say about their eyes, and then launched a Facebook support group for dry eye syndrome. Although that Facebook group started tiny, it has ballooned over the years to over 400,000 members! They now have a huge audience, from whom they can get product ideas and to whom they can advertise their new product offerings. Focus on providing value to people. Jenna and Travis want to make people's lives better. While they are delighted to be making a profit off the work they're doing, they make products specifically to help people with vision issues. There are millions of people with dry eye syndrome, which gives them a number of daily issues. Jenna and Travis are delighted that the products they make helps them manage this condition. Find a way to tap into a giving mindset. It can be easy to approach business as a means to "take", to get what one wants out of life. But to sustain your passion for your work, you need to connect it to a giving mindset. By focusing on how you can make life better for others, you make your own life more meaningful. Jenna's and Travis's giving mindsets stems from their passion to fight preventable blindness, which affects over 700 million people around the world. They make trips every year to help people with vision issues directly, and also contribute a portion of their profits to fight preventable blindness in South Carolina and Jamaica. We hope you enjoyed hearing about Jenna's experience as an entrepreneur! Key takeaways: Create an online community for product targeting Focus on providing value to people, and Find a way to tap into a giving mindset Connect with Jenna Learn more about Eye Love at https://eyelovethesun.com/. On Facebook On Twitter Connect with Ryan Find more amazing podcast discussions on FreedomFastLane.com. On Facebook On YouTube On LinkedIn On Twitter

Show Notes This week we talked with Travis Killian, who has made a 10-figure business out of selling physical products on Amazon. We wanted to let you know what Travis learned about growing his business; he's got great tips that you can apply to your own venture now. Commit to the journey. Travis got into entrepreneurship as a teenager, but it was years before he felt he had made it. He would discover a talent for search engine optimization and lead generation, which he would harness for his 10-figure success: selling physical products on Amazon. It may feel rough in the early days, but you need to hang in there if you want to taste success. Travis did. You either provide value, or you don't. Years ago, Travis was so desperate for business success that he was pushing affiliate links online for products and services he didn't really care about. When a close friend told him he was basically trying to make money by getting people to buy things they don't really need or want, he had an epiphany. He shut down his affiliate marketing business, and vowed from that day forward to make and sell things that actually improve people's lives. He hasn't looked back, and it continues to be at the core of the focus on quality behind his physical products enterprise. Don't be greedy; a giving mindset will bring success and a team who wants you to succeed. Travis makes sure he goes above and beyond with the work he does. His colleagues and friends have picked up on that, and as a result, he's been able to hire a team who also goes the extra mile for him. With only about six full-time equivalent staff on hand, he's been able to scale to 10-figures in less than two years. How? Because he wants to do right by other people, so he attracts people who want to do right by him. We hope you found Travis's journey as insightful as we did! Key takeaways: Commit to the journey You either provide value, or you don't, and Don't be greedy; a giving mindset will bring success and a team who wants you to succeed Connect with Ryan Find more amazing podcast discussions on FreedomFastLane.com. On Facebook On YouTube On LinkedIn On Twitter

Guest Information Facebook: http://www.facebook.com/meetezra Twitter: https://twitter.com/ezrafirestone LinkedIn: https://www.linkedin.com/in/ezrafirestone Website: https://smartmarketer.com/ Email: Help@SmartMarketer.com Show Notes This week we let you eavesdrop on Ryan Moran and Ezra Firestone talking candidly about a number of things at the recent Capitalism Conference. We wanted to share their awesome insights with you. Provide an enticing reason for people to enroll in your newly-launched courses. If you're trying to break out as a business mentor, you need to onboard people quickly, so that they can use word-of-mouth to let others know how much value you're providing. Ezra does this by launching early "beta versions" as a discount, requiring attendees to provide written feedback. This draws an early audience and lets you tailor future versions to better cater to your niche. A win-win! There are other tactics besides medication for depression. Ezra's read up a lot about depression, and while he's not a psychologist, he's learned that even getting a better night's sleep can make a big difference. Beyond that, he's read about how depression is a lot like grief, except you are grieving for yourself. If you find yourself down a lot of the time, reach out to a professional for guidance. Building connections with others is what drives us. We've "detribed"; we no longer live in small groups, but as individuals in massive societies. But we get so many rewards from making connections, whether it's emotional, financial, or even neurochemical. That's why Ryan and Ezra are exploring the idea of buying up land and building their own communities, so they can create a space where meaningful connections are easier to grasp. Hope you enjoy being a "fly on the wall", listening in on Ryan and Ezra's off-the-record talk in this episode! Key takeaways: Provide an enticing reason for people to enroll in your newly-launched courses. There are other tactics besides medication for depression, and Building connections with others is what drives us. Connect with Ezra Hear more from Ezra at https://smartmarketer.com/category/podcasts/ On Facebook On Linkedin On Twitter Connect with Ryan Find more amazing podcast discussions on FreedomFastLane.com. On Facebook On YouTube On LinkedIn On Twitter

Show Notes What are you going to invest your money in over the next 24-to-36 months? How can you reduce your tax burden? We recorded our awesome Investor Panel from the past Capitalism Conference to help you answer these questions and more. You have to listen to this great talk, filled with wealth-growing and cash-saving opinions (some of them contradictory, which happens in a panel!) that you may be able to act on right now. DISCLAIMER: None of this material here is formal investment advice. Make sure you talk to a professional investment advisor before making any decisions about where to invest your wealth. Ryan's not too keen on cryptocurrencies, but the panel as a whole believes they are revolutionary. There's been an incredible growth in the value of Bitcoin over the past few years, with some of our elite panelists seeing further surges in value to come. While Ryan's not convinced that cryptocurrencies will continue to appreciate as holders of value, the panel was unanimous in its belief that it will change the world. Many industries will benefit greatly from the reduction in transaction costs, and credit agencies could even use blockchain technology as a personal identity system. Puerto Rican business entities can be a great way to reduce your tax burden. Puerto Rico offers compelling tax advantages over other tax shelters to park your wealth. Make sure you look into all the relevant rules with an advisor, since there are a number of restrictions and obligations you will have to address to best harness the territory for investing your wealth. Watch out for climbing interest rates. The panel expects interest rates to go up over the next 24-to-36 months. This has prompted a number of investors to transition towards more liquidity and into areas that are expected to grow in a recession; for example, real estate investors switching to investments in mobile home parks. We hope that you found this talk as useful as we did! Key takeaways: Ryan's not too keen on cryptocurrencies, but the panel as a whole believes they are revolutionary Puerto Rican business entities can be a great way to reduce your tax burden, and Watch out for climbing interest rates Connect with Ryan Find more amazing podcast discussions on FreedomFastLane.com. On Facebook On YouTube On LinkedIn On Twitter

Guest Information Facebook: https://facebook.com/kidsnsuch Twitter: https://mobile.twitter.com/kidsnsuch Website: https://www.kidsnsuch.com/ Email: help@kidsnsuch.com Guest Bio Justin Dyson is the proud founder and owner of Kids N' Such, a physical products brand selling useful items for babies and their parents, such as nursing covers, bibs, and baby carriers. He runs the company entirely from the comfort of his own home. Show Notes Justin Dyson knows how to turn a failed launch into something really strong. Here's how he did it: Keep looking forward. After a trademark notice halted sales of a product, Justin decided to just have Amazon destroy the remaining units. He started from scratch, going back to the drawing board and pushing through. He came up with new products that sold well and complemented each other. Instead of dwelling on the past, he looked to his talents and drive and went for it. Focus on what works. Justin's found that making more money can amplify pre-existing mistakes. When his business started taking off, he had more money to throw at advertising… ...which meant more money lost on failed advertising campaigns. He then honed back in on what worked well for him (PPC ads, making products that complement existing offerings) and made the business grow more that way. Make products that solve problems. When Justin's revenue started to flatten, he looked to what his competitors were saying about their products online, and the comments that their customers would post. That gave him a lot of great information to build products that worked for his audience. Those products are things that solve your customers' problems. It's one thing to make something with nifty-sounding features, but if you want your physical products business to really take off, you need to make things that make people's lives better in a tangible way. Key takeaways: Keep looking forward Focus on what works, and Make products that solve problems Connect with Todd Find out more about Justin's company, Kids N' Such, at https://www.kidsnsuch.com/. On Facebook On Twitter Connect with Ryan Find more amazing podcast discussions on FreedomFastLane.com. On Facebook On YouTube On LinkedIn On Twitter

Guest Bio Jeremiah is the co-founder of Tribe, a fitness brand specializing in mobile device armbands, with hundreds of thousands of dollars in sales per month. He has since branched out into starting other companies and mentoring other entrepreneurs. He is an equity partner of Roam, a brand selling physical products for outdoor adventuring. Show Notes How the heck do you become a millionaire at 20? If you're Jeremiah, you had a little luck, of course, but you also harnessed your skills and attention to detail to take advantage of your luck. Here's how Jeremiah did it, and how he would do it differently if he could start again. You need to hear his awesome story, since he's got amazing insights that you can apply to your physical products business right now. Private labelling can get your foot in the door, but it's hard to scale if you don't take control. If you can find a good designer and take care of your customers under your brand name, you can build trust and loyalty. This translates well into snowballing your business on a platform like Amazon. The problem is you end up relying on a third-party to produce quality products. So Jeremiah decided to design his own products under his brand, Tribe, which sells mobile device armbands for fitness aficionados. That led to a great boost in positive reviews and sales, while giving Jeremiah control over the products that got into his customers' hands. Focus on revenue generation. Designing a logo can be really fun and feel rewarding, with something shiny that you're proud to put on your products. But does the new logo actually translate to sales? Figure out what steps you can take that measurably increase revenue, whether it's a Facebook ad campaign, adding a new feature to a revision of a popular product of yours, or a promotional sale. Hire a team early. Jeremiah and his partner would get burnt out periodically at Tribe. While they've succeeded in building it to a seven-figure sale, Jeremiah wishes he had taken on employees earlier on. At Roam, his new company, they've hired a full-time employee and are in the midst of recruiting. This helps ease the pressure off the founders while also adding more hands on deck to scale faster. We hope you've found Jeremiah's story helpful in your own journey to a multimillion dollar payday! Key takeaways: Private labelling can get your foot in the door, but it's hard to scale if you don't take control Focus on revenue generation, and Hire a team early Connect with Ryan Find more amazing podcast discussions on FreedomFastLane.com. On Facebook On YouTube On LinkedIn On Twitter