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Capitalism.com with Ryan Daniel Moran

Zero to $1M in 12 Months: Step 1 of 8

Capitalism.com with Ryan Daniel Moran

Capitalism.com

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

4.8793 Ratings

🗓️ 2 September 2024

⏱️ 33 minutes

🧾️ Download transcript

Summary

The biggest brands in the world all start with this one thing in mind, and if you get it right, it eliminates all your competition. 

 

In this 8 part series, I'm going to walk you through every step of building a million dollar business so that you have the tools to build a brand you can scale and sell.

 

This week we are talking about the importance of starting with your ideal customer avatar, or to put it in other words, choosing who your brand serves.

 

Head to https://capitalism.com/playbook to see how we grow and scale brands to the million dollar mark and beyond.

 

To get on the waitlist for the accelerator, head to https://capitalism.com/launch

 

Connect with me on Instagram at https://instagram.com/ryandanielmoran

 

Transcript

Click on a timestamp to play from that location

0:00.0

The most profitable businesses in the world all start by getting this one thing right at the beginning of their business.

0:12.0

And in my experience, it's also the thing that entrepreneurs are most likely to skip over, which is why they struggle.

0:19.0

We're going to fix that and show you how getting this right

0:21.3

can transform your business and put you back on the path to a million dollar business and

0:25.5

beyond.

0:29.6

Imagine that you had customers all around the world who loved your product. And imagine that they

0:36.6

loved it so much that they were willing to pay

0:39.2

two times, maybe even three times as much for your product as they paid for other people's

0:45.6

products. And imagine that they told all of their friends about how great your product was. So you

0:51.8

had free word of mouth advertising every time you sold a new

0:57.0

product. If that was true, then you would have more profit to be able to develop great products.

1:04.9

And if you develop great products, then you would have a higher chance of having really happy

1:10.0

customers who told their friends

1:12.0

about you and were willing to pay a premium versus everybody else. This is possible when you get

1:18.4

one thing right at the beginning of your business. Trouble is most entrepreneurs skip that first step,

1:26.2

and they go right to how do I make profit as fast as possible.

1:31.0

Now, you can make profit as fast as possible when you address this one question, but most entrepreneurs

1:36.5

don't. They go right to the tactics that are going to put money in their bank account.

1:42.0

And so they think about what product I should sell

1:44.3

and what price point I should charge

1:46.2

and what platform I should take my sales

1:48.4

and what advertising channel I should use

...

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