4.8 • 793 Ratings
🗓️ 23 September 2024
⏱️ 35 minutes
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The fourth step in the 8 step process to $1M is getting to 100 Reviews.
Reviews are the lifeblood of a business, and when we get to 100, we can start to hit that consistent 25 sales/day. In this podcast we go over the process to start finding loyal raving fans and giving your brand credibility.
If you’re enjoying this series so far, shoot me a message on Instagram at @ryandanielmoran
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
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0:00.0 | Hey everybody, welcome back to the show. We're in the middle of an eight-part series about |
0:08.5 | building a million-dollar business. We've gone through building a small audience. We've gone |
0:13.3 | through your launch and getting the first $10,000 in sales. And today we're at step four. |
0:19.4 | Step four is about building 100 hundred reviews. And if you |
0:23.2 | get this part right, you can suck at just about everything else and still have a shot at building |
0:29.6 | a million dollar business, or at least having a thousand dollars a day in sales. This step of the |
0:36.7 | process solidifies your product so that it gets organic traffic. |
0:42.3 | This is the part of the process that allows you to run advertising and be profitable. |
0:47.4 | This is also the part of the process where we are starting to build a base of feedback that we can use to recruit other customers |
0:57.1 | and raving fans. Trouble is, this is the part where most people quit. Because they get this big |
1:03.5 | surge of sales out of the gate and then they wonder, what the heck do I do now? I'm not getting the |
1:09.0 | glorious momentum that comes from this big surge of sales. |
1:13.4 | And the trap that some entrepreneurs will fall into is thinking that that surge of sales is only |
1:18.4 | going to continue forever and ever amen. Or even worse, they associate the big surge in sales |
1:25.2 | with a launch. So they live from launch to launch to launch. And they never |
1:30.7 | build the foundation of a business that take sales, whether they're working or not. That's why |
1:35.8 | this step in the process is so important. But it looks a lot like work. It looks a lot like getting |
1:41.9 | your fingernails dirty and doing the work that most entrepreneurs |
1:45.2 | do not want to do. A lot of entrepreneurs will ask the question at this stage in the process, |
1:50.6 | how do I get to 25 sales a day as fast as possible? Because we all know that if you have four |
1:55.7 | products at 25 sales a day, that's 100 sales a day. At a $30 price point, that is a million dollar business, |
2:02.5 | and you can get there within about a year's time. However, if you skip this part of the process, |
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