Bonus Clip: EXPOSING THE REAL COST OF LUXURY CLOTHES
Wealthy Way
Ryan Pineda
4.9 • 2.2K Ratings
🗓️ 9 March 2022
⏱️ 3 minutes
🧾️ Download transcript
Summary
To watch the full episode, click the link below!
https://youtu.be/OZ-UjHH6wsM
On today’s podcast I had Cuts CEO and founder Steven Borrelli on, and we talked about how he’s built the brand to a nine figure company with a potential billion dollar evaluation in the near future. I’m really excited about this because not only do I get to talk business with someone who is killing it, but I actually love the Cuts brand. Right now, I’m wearing Cuts sweater and pants! Most of the clothes you see me wear in my Youtube videos are made by Cuts. I was just excited to come down here and see their operation and meet Steven. It was really cool picking his brain because now he’s making me think about what is possible in such a short amount of time, especially when talking about their billion dollar evaluation. Along with that, we talk about how he spends millions per month in marketing in order to get in front of people and create those sales! He talks about how he creates products, the R&D that goes into it, and also one big step that all entrepreneurs need to take whenever they’re looking at a new business. We go over how to make sure that you’re going to succeed before you get yourself in too deep! You want to make sure to stay to the end!
Follow Cuts Clothing on social media-
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Youtube - @cuts
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About Ryan Pineda:
Ryan Pineda has been in the real estate industry since 2010 and has invested in over $100,000,000 of real estate. He has completed over 700 flips and wholesales, and he owns over 650 rental units. As an entrepreneur, he has founded seven different businesses that have generated 7-8 figures of revenue.
Ryan has amassed over 2 million followers on social media and has generated over 1 billion views online. Starting as a minor league baseball player making less than $2,000 a month, Ryan is now worth over $100 million. He shares his experiences in building wealth and believes that anyone can change their life with real estate investing.
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Transcript
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| 0:00.0 | So you mentioned that you guys are a replenishment brand versus a trend brand. |
| 0:09.2 | So this makes sense because obviously shirts wear down over time. |
| 0:14.4 | See by more shirts and other things versus the Louis Vuitton shirt. |
| 0:19.6 | You know, I'm hoping that this thing lasts me a very long time. |
| 0:24.4 | Have you ever thought about doing like an ultra premium brand? |
| 0:28.0 | I think it wouldn't be under the, I was funny. |
| 0:31.8 | When I got my first bonus, like my real first check, I walked on Roadale Drive. |
| 0:38.5 | I was like, to my girlfriend, let's just go buy something. |
| 0:40.7 | You know, and I did have a little bit of, I bought, I ended up buying a wallet, |
| 0:46.4 | like Louis Vuitton like wallet, just as a memory. |
| 0:52.2 | And, and I got, I was like, you know, creating a luxury brand would be pretty fun. |
| 0:57.6 | You know, you're not worried about volume because everything's so expensive. |
| 1:01.8 | And it's like a cool thing to say. |
| 1:04.4 | So maybe one day we could do it. |
| 1:06.4 | But, you know, again, I think there's so much legs left and cuts that we just want to make sure to stay in that lane. |
| 1:13.1 | I'm curious like even with these, you would know really well, but like, take a Louis Vuitton shirt. |
| 1:18.8 | Okay. |
| 1:19.8 | Is it the same cost and materials, everything? |
| 1:23.0 | Yeah, maybe even cheaper. |
| 1:24.2 | Like I looked, I was looking at their stuff. |
| 1:25.9 | And the actual cost of making it is ridiculously cheap. |
| 1:31.4 | The margins, man. |
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