How To Make $1,000,000 in 48 Hours (COMPLETE GUIDE) w/ Noah Kagan

Capitalism.com with Ryan Daniel Moran

Capitalism.com

Entrepreneur, Amazon, Lifestyledesign, Investing, Startup, Ryandanielmoran, Finance, Cashflow, Freedomfastlane, Lifestyle, Business, Passiveincome, Financialfreedom, Entrepreneurship

4.8 • 793 Ratings

🗓️ 5 February 2024

⏱️ 73 minutes

🔗️ Recording | iTunes | RSS

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Summary

Noah Kagan knows how to launch a 7-figure business in a single weekend - and he's done it 7 times.

He's learned that this is the best time ever in the history of entrepreneurship to start a business but too often people get stuck on the details instead of taking action and finding the quickest market validation possible.

In this podcast Ryan interviews him about the importance of having confidence and a clear vision as he shares his practical strategies for launching new businesses.

If you follow Noah's method you can find out in a 48 hour period if your business idea has legs and if you are sitting on a million dollar business before you even have a final product.

To join us at the next CapCon visit:

http://www.Capitalism.com/CapCon

To learn more about creating your own path to $1 million sign up for our FREE 30 day mini series at:

http://www.Capitalism.com/Million

Timestamps

(1:00) - Noah’s Failures

(4:00) - Proving Ideas Fast - What’s The Simplest Way To Test This?

(11:25) - When Do You Know When To Quit?

(19:00) - The Power Of Asking

(31:00) - Business Is A Game Of Confidence

(36:20) - Everything Is Pre-Sold

(43:30) - You Have To Validate Your Idea First

(51:49) - Success Is Boring

(1:01:00) - Solving The Best Problems

(1:04:00) - Now, Not How

(1:06:00) - WWE Smackdown Stories

Transcript

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0:00.0	To build a million dollar business, you first have to make the first dollar.
0:08.3	And for a lot of people, that first dollar is the hardest one.
0:12.1	I teach people how to have four products that get to 25 sales a day at a $30 price point.
0:17.5	That's a million dollar business.
0:19.2	Yet there are still so many people who spin their wheels
0:21.8	on trying to come up with the perfect idea. And that's why I sat down with my friend Noah Kagan
0:26.6	to talk about how to get your million dollar business off the ground in 48 hours.
0:31.9	Noah is the king at coming up with an idea, building a tiny audience and testing the idea in the form of getting
0:39.2	revenue, of testing an idea to check writers, people who are willing to spend money on something
0:45.2	to validate the idea. And in a 48-hour period, you can find out very quickly if you've got a business
0:52.1	that has legs. And in this episode, we'll talk about the
0:54.9	process for launching, how to reach out to people and get deposits for things that don't even
1:00.0	exist yet and how to know if it's a million dollar business within two days. Let's go hang out
1:05.4	with Noah Kagan. Noah Kagan, good to see you, man. Welcome back. Great to see you. Thank you for
1:10.1	having me back. Yeah, last time we were here, man. Welcome back. Great to see you. And you put all of your energy into things that were starting to pop, which was they wanted software and they wanted it cheap. And it seemed like that
1:32.2	was the thesis through which Apsumo really took off. Is that a fair summary? Yeah, it's interesting
1:37.9	because when I started Absumo, and this is common for a lot of entrepreneurs, I started a lot of other
1:41.2	things at the same time, or close to. I started software taco.com. I don't know that one. Yeah, no one does. It was soft. It was the same problem.
1:48.2	I was excited about the problem. I think that's kind of the thing that people don't think about is
1:50.8	no one cares about your solution. They don't care about AI. It's annoying. They care about the
1:54.6	problem that maybe this can actually solve. So I wanted to solve getting customers for software creators. So softwerto.com was, don't go to the site. It was a
2:01.9	software reviews, which were actually redoing now for 15 years later. And then I started reward level
	...

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