RECORD MONTH: $1.5m Earned In March 2017

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

🗓️ 15 May 2017

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

take his advice to know that their trust is well-founded. You see, you don’t know if a person teaching you to make money through building a brand on Amazon - or any other money-making approach - is telling you the truth unless they prove it to you. And Ryan’s willing to do that. This episode of Freedom Fast Lane covers the income that Ryan’s businesses and investments have made in the March 2017 period as well as some lessons learned from Ryan’s experience as he’s scaling those businesses.

Relationships matter, and here’s an obvious reason why.

One of the ways that Ryan’s Foxbrim brand has been able to scale so rapidly is through connections with retail partners who are buying up mass quantities of product in anticipation of an upcoming advertising campaign. But that retail connection didn’t “just happen.” It was made possible via a relationship Ryan was able to build with one of the FFL TRIBE members who had the connection. Ryan refers to it as a million dollar relationship and expects that valuation to go up and up as time goes on. He's also got a few words to say about the value of the relationships you can build inside the TRIBE, on this episode.

Staying aligned with business partners is important. When you can’t, changes are needed.

The Body Vega brand is one that has struggled to gain and maintain significant leverage in its market and the way forward is not something that’s been easy for Ryan and his business partner to agree on. As a result of incompatible perceptions of the way forward, the two of them made the decision to part ways and Ryan is now fully in control of the brand’s future. He’s determined to take the Body Vega brand out of its doldrums and make it a profitable, powerful brand. On this episode he shares a bit of how he plans to do that, so be sure you listen.

Do you know what the end-goal of your brand building efforts are?

You may not always build a brand or platform to increase profits. Sometimes it’s about something bigger, a message or movement you want to foster or create. That’s what Ryan is doing both with Freedom Fast Lane and Capitalism.com. Those platforms do produce some revenue but every bit of it is reinvested into the messaging because getting the concepts they are promoting in front of as many people as possible is what they end-goal is. Do you know what the end-goal of your brand building is? You’ll be inspired to hear how Ryan is going about it, on this episode.

Outline Of This Great Episode

[0:26] The 1.4 to 1.5 million dollar month!
[2:56] How a relationship within the FFL Tribe enabled Ryan’s retail sales.
[4:02] Update on the Body Vega brand.
[5:42] The progress of Foxbrim and how to leverage a brand toward higher pricing.
[9:49] The Freedom Fast Lane and Capitalism brands.
[11:42] Business Investments: Target is in Ryan’s sights.
[12:56] Personal growth: Hiring, firing, and team building lessons.
[16:40] Amazon’s attempts to take on more of the global retail landscape.

Resources Mentioned On This Episode

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Transcript

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0:00.0	You're listening to Freedom FastLing presented by Capitalism.com.
0:08.0	This is the show about building businesses and investing the profits so that you can live life on your terms.
0:15.0	And now your host, the future owner of the Cleveland Indians, Ryan Daniel Moran.
0:22.0	Hey everybody, welcome to Freedom Fastlane. This is Ryan Daniel Moran. My apologies, I don't
0:27.5	hear my normal recording equipment with me today, but I have been a little bit behind on my
0:33.6	income and progress report, and I wanted to get it out to you as soon as possible. This is an income
0:39.4	report for the month of March 2017. All the numbers are in now and I can report on them
0:47.3	honestly and I can say that it was a record month for me personally in my businesses. My businesses did between $1.4 and $1.5
0:59.0	million in top line revenue across all of my businesses. And for the first time, one of my businesses
1:06.0	did over a million dollars in a 30-day period or a one-month period. I guess March is 31 days.
1:13.7	So a 31-day period crossed a million dollars in revenue. I've crossed a million dollars in total
1:20.3	revenue before and all of my businesses put together, but this is the first time that one of my
1:25.2	businesses crossed that. So huge shot in the arm to have a record month, especially after February was kind of a bummer in terms of bad news.
1:35.3	So the bulk of my revenue is made up in my sports nutrition company, my fitness brand, which did just over a hair over $1 million.
1:47.7	About 40% of that came from retail orders.
1:52.7	So that business is in about 1,000 stores nationwide.
1:59.3	And we haven't begun the marketing campaign yet. So this should be
2:04.5	the last month that I have to kind of be guarded about that. But when that big marketing campaign
2:11.6	goes live, I can talk about it a little bit more. But this was all the orders coming in from retail, all the orders of all these stores
2:19.2	buying up in preparation for the big marketing campaign. So that, those orders came in and those were
2:26.2	obviously nice. And I've said this before, but it's always, it's just interesting. It's different
2:31.2	in retail to be able to sell a product just because you have it rather than on
	...

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