You Need 5,000 Customers to Make $10M
Capitalism.com with Ryan Daniel Moran
Capitalism.com
4.8 • 802 Ratings
🗓️ 12 July 2021
⏱️ 24 minutes
🧾️ Download transcript
Summary
There are two humongous milestones in the development of your brand.
The first comes when you reach the point of being "all-in" on it. Like, it's not just a smart idea for a business. It's not just a clear path to a million dollars. It's not just something some investor might want to throw money at.
Instead, it's the hair on fire moment when you really see the massive positive contribution your brand can make in the lives of the people you'll serve. It's like the mission behind your brand takes on this feeling of enormity, urgency, and maybe even a sense of, "If I don't do this, if I don't serve my people with this, I am missing out on an important part of my whole purpose for being on this planet."
Ryan had that experience recently with his new brand, and he'll tell you how he reached this point of going all-in on this episode.
But the second milestone, that's the one that may make this the most powerful episode you ever listen to. Why? Because for entrepreneurs looking to scale a brand, what Ryan shares with you in this episode will clear a straight path for you and help you to bypass popular pitfalls that could sidetrack you for years (or forever). Getting clarity on this singular question will not only give you a whole new perspective on how to scale… it'll also help you make crucial strategic decisions easily and wisely.
Transcript
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| 0:00.0 | Hey, Capitalists. This week we are leaking a call from the Capitalism Incubator, a portion of a call. |
| 0:11.0 | You've probably heard Ryan talk about this tell you that you can learn more at capitalism.com |
| 0:18.0 | slash ink. It's INC. And while we wanted to pull back the curtain and show you some of the magic that goes down on these calls, |
| 0:27.6 | what you can't see are all the smiling faces of fellow entrepreneurs on the Zoom call. |
| 0:33.6 | You won't hear the one-on-one coaching. |
| 0:36.6 | You won't see our members bouncing ideas off of each other and supporting each other, |
| 0:42.3 | providing connections, and helping each other with their own very specific individual roadblocks. |
| 0:48.3 | But this is just a little taste, just a little morsel of goodness from Ryan's lesson portion of the call. |
| 0:56.0 | We're talking about how to really identify your best buyers, your ideal customers, and how |
| 1:02.4 | you can double down on targeting them to quickly scale your business. |
| 1:07.6 | And again, if you want to join this community, head on over to capitalism.com slash |
| 1:12.5 | INC. |
| 1:15.0 | This is going to be really helpful to a lot of you and very clarifying to all of you. |
| 1:21.0 | So as some of you saw in my emails, I had COVID a few weeks ago, knocked me on my ass, just absolutely knocked me |
| 1:29.7 | on my ass. It was brutal. And Stan Way said, hey, your product on Switch has really helped |
| 1:38.2 | my COVID brain. And that is what prompt me to start taking it every day. Now, that seems odd. Like, |
| 1:45.0 | I developed the product, but I wasn't taking it every day. But something happened because I felt |
| 1:52.5 | the difference. I felt the difference on a specific pain point that I had. The pain point previously |
| 1:58.2 | was like, I wanted to enhance my focus. I wanted to feel better while I'm working. |
| 2:03.9 | But now I'm operating from a pain point. |
| 2:06.2 | That pain point was I'm struggling with depression that comes from inflammation in the brain, |
| 2:13.0 | from COVID and all this stuff that happens and the body just shutting down. |
... |
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