Capitalism.com with Ryan Daniel Moran
How To Start: The First 5 Steps To A $1M E-Commerce Brand
May 6, 2024
Learn how to start a $1M e-commerce brand in just 48 hours by following 5 simple steps: pick your person, find your products, do your research, build your list, and create content to grow your list. The podcast focuses on actionable steps, niche market selection, creating a brand for target customers, building an audience for product launch, and pre-launch strategies for e-commerce success.
33:23
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Quick takeaways
- Invest $500/month in stock market for long-term wealth before business venture.
- Focus on specific target demographic to build successful million-dollar business.
Deep dives
Start with Financial Planning for Long-Term Success
Prior to initiating a business venture, it is recommended to invest $500 a month in long-term stock market investments like the S&P 500. This consistent investment strategy over 30 years leads to accumulating wealth even if the business does not succeed. By securing your financial future first, you gain the confidence and stability needed to focus on building a successful million-dollar business.
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