How Jake Found The Perfect Products & Scaled To $1 Million
Capitalism.com with Ryan Daniel Moran
Capitalism.com
4.8 • 802 Ratings
🗓️ 23 February 2022
⏱️ 31 minutes
🧾️ Download transcript
Summary
Today we are talking about how to choose the perfect product for your business.
Jake Lovasz followed the plan laid out in Ryan's book, created a product to solve a small problem in his own life, and thought hard about just who this product was for and how he could best serve them.
Now Jake is in The One Percent to share his story of how he scaled this business to his first million dollar year and what he has learned along the way.
To learn more about the 5 Days To 7 Figures Challenge visit:
www.Capitalism.com/5
To join The One Percent, our community that helps capitalists build million dollar businesses and learn to growth their wealth visit:
https://www.capitalism.com/the-one-percent/?utm_source=CapPod&utm_medium=podcast&utm_campaign=episode
Transcript
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| 0:00.0 | Welcome back to the Capitalism.com podcast. I'm Ryan Daniel Moran. And today we're going to be |
| 0:09.0 | talking about choosing the perfect product. No matter how many times I talk about it, the most |
| 0:14.7 | commonly asked question that I'm asked is, what's a good product to sell? Or what's the first |
| 0:19.3 | product that I should sell? |
| 0:21.3 | So today I'm hanging out with one of our members, Jake Lovas. |
| 0:25.9 | And Jake started his business after listening to the podcast and reading my book 12 months |
| 0:31.1 | to $1 million. |
| 0:32.0 | And he took his first product to $50,000 a month in sales. |
| 0:35.8 | That's pretty darn good. |
| 0:36.9 | But got my attention and I invested |
| 0:39.4 | in his business through our fund, the capitalism.com fund. And after a few months of using that |
| 0:46.1 | capital and using me as an advisor, he grew from $50,000 a month to over $200,000 a month in just a few |
| 0:53.2 | months. So Jake comes on in front of our members |
| 0:56.3 | inside the 1%, and he's sharing why his product was so successful. And you're going to notice |
| 1:01.7 | something in this episode. You're going to notice that what he did wasn't out of the ordinary. |
| 1:06.8 | It wasn't crazy. It took a little bit of thought, a little bit of research, and it gave him the confidence to know that he had a million dollar product. |
| 1:15.7 | If you combine what you learn in this episode with what we teach about building a brand, you've got something special. |
| 1:23.2 | And that's what caught my attention about Jake, too. He's good at thinking about what product to sell, |
| 1:32.6 | but he's doing it within a container of building an amazing brand. You're going to hear about that in this episode too. If after watching this, you're thinking, I want to do this. I want to build my |
| 1:38.0 | million dollar brand. That's what we help entrepreneurs do inside of the 1%, which is where this episode |
| 1:43.9 | was taken from, a coaching class |
| 1:45.8 | inside the 1%. You can start your road to $1 million at capitalism.com slash 1. All right, |
... |
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