How Max Made Millions Before Turning 22
Capitalism.com with Ryan Daniel Moran
Capitalism.com
4.8 ā¢ 793 Ratings
šļø 11 September 2023
ā±ļø 58 minutes
šļø Recording | iTunes | RSS
š§¾ļø Download transcript
Summary
Max got started making $5,000/day selling microscopes online, and his parents didn't even know he was doing it.
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In this episode he shares all of the different failures he has had since then before building and selling a multi-million dollar brand all before he was 22 years old.
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He has a process for testing product ideas and once you hear how he thinks about spending a few hundred bucks for market validation that can tell you if there is potential to make millions, it could change everything.
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He also shares what he is doing next for another business that he is expecting to be much, much bigger...
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To learn more about creating your own path to $1 million sign up for our FREE 30 day mini series at:
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http://www.Capitalism.com/Million
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Timestamps
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(0:00) - Ryan Intro
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(1:05) - Interview With Max BeginsĀ
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(1:40) - How Max Found His First Niche MarketĀ
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(3:50) - Losing $2,000 At 19 - First Business Failure
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(7:10) - Choosing A Lucrative Market To Sell Products ToĀ
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(11:40) - The Tipping Point To Bring In More SalesĀ
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(15:50) - Scarcity Vs. Abundance MindsetĀ
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(22:30) - How Max Tests Products & Concepts With Less Than $500Ā
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(31:20) - Finding "Home Run" ProductsĀ
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(39:10) - Using Overseas Talent In The PhilippinesĀ
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(49:50) - Final Thoughts On Testing Product Ideas
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(55:50) - Ryan Outro And Conclusion
Transcript
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| 0:00.0 | This 19-year-old kid made $5,000 a day selling microscopes on his website, |
| 0:09.9 | and his parents didn't even know he was doing it. |
| 0:12.6 | This episode with Max goes through all of the different failures that led this 19-year-old |
| 0:18.2 | kid finally breaking out and having a seven-figure exit before he was |
| 0:23.6 | 22 years old. In this episode, we go through his systematic thought process for how he tests |
| 0:29.8 | ideas. And when you listen to this episode, you're going to see how you can test a product idea |
| 0:35.1 | with as little as $500. And you can find your million dollar winner by just testing $500 to see if your product is going |
| 0:43.3 | to work in the marketplace. |
| 0:44.9 | As a result of Max testing a few ideas, he was able to find the one that had a seven-figure exit. |
| 0:50.8 | And he also shares how he's applying that same methodology for the business that he's |
| 0:54.8 | building next, which he expects to be much, much bigger. This is a masterclass in testing ideas |
| 1:00.8 | and finding the thing that will be your seven-figure breakthrough. Max, why don't you share how old |
| 1:06.8 | you are to start? Yeah, so when I got into e-commerce, I was 19 at the time, but now I'm 22. |
| 1:12.8 | So, you know, I got into the, you know, the e-commerce journey pretty early, but I've been |
| 1:16.9 | enjoying it. |
| 1:17.9 | Yeah, that I asked because I knew you were a young pup. |
| 1:22.9 | You don't, you don't, when you're 22, you don't feel like you're a young pup, but you've already |
| 1:29.3 | had an exit under your belt. |
| 1:31.4 | And you got into this world in a really like untapped, it's not fair to say untapped space, |
| 1:37.3 | but a real niche market, right? |
| 1:39.2 | It's not the thing that I talk about some of the four core markets, supplements, beauty, pet, food. |
| 1:47.1 | You're in none of those, right? |
... |
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