Capitalism.com with Ryan Daniel Moran

Ryan was delighted to have the chance to ask superstar entrepreneur Kimbal Musk a bunch of questions at the Capitalism Conference. He had a lot of interesting insights to offer, which you can implement in your business right now. Here are some of the main points:   Chase your passion Food’s always been one of Kimbal’s passions. He’s turned that into a massively successful career as a social entrepreneur: growing, cooking, and selling real, healthy food to an increasingly overweight America. You can also find what really drives you, and use that to make decisions on the types of products and services you want to sell. Don’t let people calling you crazy stop you If you want to make something new to sell to the public, a lot of people might think you’re nuts. That could make you lose confidence and stop you in your tracks, but don’t let it. Kimbal’s encountered a number of “crazy” business ideas, but he doesn’t dismiss them on that basis alone.   The Information Age will affect everything The interconnectedness created by technologies like the Internet has already made dramatic changes in how we live our lives. Kimbal sees those technologies as continuing to impact every industry in the years to come.   It was awesome talking with Kimbal Musk about his views on entrepreneurship!   Key takeaways: Chase your passion Don’t let people calling you crazy stop you, and The Information Age will affect everything Connect with Kimbal Learn more about Kimbal at http://www.kimbalmusk.com/ On Facebook On Twitter Connect with Ryan Find more amazing podcast discussions on FreedomFastLane.com.   On Facebook On YouTube On LinkedIn On Twitter  

There is no such thing as "big goals" or "small goals", there are just targets. I started lining out some targets for the next steps in my career and what's coming next from the Capitalism office. I'm also trying to create as many millionaires as I can and give more away for free without taking such a salesy direct response approach these days. One of the most common questions that entrepreneurs ask me is, "how can I grow my business without feeling like I'm pushing my products or services SO hard on my audience?" No one wants to feel needy or desperate. I have some thoughts on that... I want to work with people who WANT to work with me. It's energizing. People who feel they NEED my tutoring, or my course, or my event to get to the next level are energy-draining. Think about what will energize you in your business and then providing value to others will be rewarding... and FUN!

Show Notes In this talk at Traffic & Conversion Summit 2018 in San Diego Ryan talks about how to build a REAL brand that is SELLABLE... how to create a company that "old money" would like to buy from you for a big exit some day. It’s filled with actionable advice that you can implement right now. Here are some of the key takeaways:   You can turn any marketing stream into a physical products brand Do you know how to build an audience of tens of thousands? If you do, even if you don’t sell physical products right now, you can launch a line of three or four of them and sell them to people who you already know are interested. People will always buy stuff The market may change in many ways, but one thing always stays the same: people will always need to buy physical products to meet their daily needs. There will always be demand for that. That alone creates a huge incentive to get into the physical products market.. Make and brand stuff that speaks to people If you come up with a unique idea for a product that really embodies the values of your target market, they will adore you. Not only will they buy your stuff, they will tell everyone they know who might be interested to buy your stuff. You’ll see a multiplicative growth in revenue.   It was great hearing Ryan’s talk!   Key takeaways: You can turn any marketing stream into a physical products brand People will always buy stuff, and Make and brand stuff that speaks to people   Connect with Ryan Find more amazing podcast discussions on FreedomFastLane.com.   On Facebook On YouTube On LinkedIn On Twitter

Show Notes Aubrey Marcus had an awesome chat with Ryan about getting everything you want out of life. Many of us believe that we can only chase certain goals by sacrificing other things we desire. Aubrey’s life is proof that we don’t have to do that; you need to listen to this podcast so you can incorporate his great advice right away. Here are some of his key points:   Time is not what you think it is For Aubrey, 30 minutes of absolute presence with someone is worth 3 days of not really paying that much attention to them. If you give people and tasks concentrated attention, you can accomplish much more, since you are more efficient with your time. Balance is something to be measured over a lifetime Work-life balance is crucial, but it’s not what you think it is. Sometimes Aubrey parties and relaxes for a few days, and sometimes he has work “sprints” lasting months or years. You can put your nose to the grindstone for awhile, and then take a lot of time off to decompress, and that’s a balanced life.   Perpetual action is distraction It’s really hard for entrepreneurs to take time away from their business. The self-validation that comes from economic success and hard work seems to disappear when one takes a vacation or pursues something else. Don’t get locked into a mindset that you have to keep at it all the time; that just distracts you from what’s really important in life.   It was great hearing Aubrey’s perspective on a life worth living!   Key takeaways: Time is not what you think it is Balance is something to be measured over a lifetime, and Perpetual action is distraction Connect with Aubrey Learn more about Aubrey at https://www.aubreymarcus.com/. On Facebook On Twitter Connect with Ryan Find more amazing podcast discussions on FreedomFastLane.com.   On Facebook On YouTube On LinkedIn On Twitter

Guest Information Website: https://wealthfactory.com/ Show Notes Garrett Gunderson gave a great talk at Capitalism Conference 2017 about how to invest your money properly and save a ton of cash. There’s so much great information in his 50 minute talk that we can only cover some of the best tips here; you really need to check out the whole thing to make sure you’re not flushing tens of thousands of dollars (or more!) down the drain. Here are some of his awesome, actionable tips:   Focus, don’t diversify Diversifying your investment portfolio makes no sense if you don’t think about why you’re putting your money where you’re putting it. The key is to focus in on a couple things that will actually pay off in the long-run, which means paying proper attention to your investments. Compounding interest over decades is super slow Anybody can invest in a safe plan with their bank, with a tiny bit of growth compounding over decades. That’s really slow wealth creation. Garrett prefers wealth acceleration, by taking advantage of high-return investments that will pay off in a few years, not a few decades.   Have a brainstorming session with your accountants Look at all your annual expenditures, and meet with your CPAs to figure out how to write off as much as possible. Garrett’s written off housing expenses, travel expenses, and lots more by being creative but still working within the IRS’s regulations.   It was awesome getting all this great advice (and more) from Garrett!   Key takeaways: Focus, don’t diversify Compounding interest over decades is super slow, and Have a brainstorming session with your accountants Connect with Garrett Learn more about Travis at https://wealthfactory.com/ Connect with Ryan Find more amazing podcast discussions on FreedomFastLane.com.   On Facebook On YouTube On LinkedIn On Twitter

Ryan was stoked to talk to Zach Lee, his first student who ever came to one of his paid-for workshops. A father of young children, Zach’s found a way to be there for his family while also reaching 7-figure success. Here’s how he does it:   Find A Good Idea, Then Hone In On It Zach likes to build businesses from scratch, scale them to 7-figures, and then start another one. He’s managed to build several brands with dozens of products that way.   With the limited time he has available, Zach figures out a good product idea for the marketplace, sets a team to implement it for him, and then oversees the process. By focusing on one idea at a time, he’s effective and efficient when at work. Put A Premium On Your Business Time If you don’t pay attention to what you’re doing when you get to work, you’re going to be wasting your time. Zach’s become really good at delegating tasks to his team and contractors, and dedicating his own time to take direct action with his businesses. He doesn’t lose a minute. Put A Premium On Your Family Time As a parent of young children, once you step away from your desk, you step right into your “second job”: being there for your family. You need to devote attention to your rugrats, especially during their high-demand early years.   And you shouldn’t want it any other way. As Zach knows, now is the time when they’ll want to hang out with you the most. These years are short and you need to spend the time on them they deserve. Doing so will make you a better parent and a better entrepreneur (since you won’t be clouded with guilt about not being there for the little ones when you go back to the office).   It was awesome hearing from Zach!   Key takeaways: Find a good idea, then hone in on it Put a premium on your business time, and Put a premium on your family time   Connect with Ryan Find more amazing podcast discussions on FreedomFastLane.com.   On Facebook On YouTube On LinkedIn On Twitter  

Show Notes We’ve leaked another great Q&A session from Capitalism Conference 2017. Russell Brunson talked to us about building a great team and more, and we wanted to share his actionable tips with you. Here they are:   Build a team with the best people so you can do your best. Russell’s amazing at some things. He’s horrible at lots of others. That’s totally okay. He was able to grow his businesses by building a team with awesome, talented people with complementary skill sets. Just like the Avengers, they’re so effective, it seems like they do the job of ten or more people each!   Make sure your business is doing the best it can by getting the best people.   Your marketing funnels may be better than you think. If you think your funnels aren’t doing well, you might be wrong. You need to look at each of your touch-points throughout the funnel and identify which ones are bad and which ones are actually doing well. It could be a traffic issue, an ad copy issue, or something else that’s at the core of the problem, not the entire funnel.   Don’t be afraid to express vulnerability. We want to show ourselves as strong in a hyper-competitive business world. However, customers are really drawn to authenticity and vulnerability. Being able to talk about issues that are important but may also make you seem vulnerable - Russell did when discussing fertility issues - can really resonate with the public.   It was awesome listening to Russell at CapCon!   Key takeaways: Build a team with the best people so you can do your best Your marketing funnels may be better than you think, and Don’t be afraid to express vulnerability Connect with Russell Learn more about Russell at http://www.russellbrunson.com/hi On Facebook On Twitter On LinkedIn   Connect with Ryan Find more amazing podcast discussions on FreedomFastLane.com.   On Facebook On YouTube On LinkedIn On Twitter

Guest Information Facebook: https://www.facebook.com/travis.sago Website: http://www.bummarketingmethod.com/ Show Notes Ryan had a great chat with Travis Sago of Bum Marketing fame. He told us how “idiots” (really meaning “regular” people) get rich with pretty straightforward tricks. It sounds cheesy, but we know you can get something out of what he has to say to get your business booming. Here’s what he shared:   Offers x Execution = Business Success   If you have a great product for the market (Offer) and build it, market it, and distribute it well (Execution), then you’ve “won” at business. That’s all there is to it.   It’s possible to do well with an awesome product and okay execution, or with a mediocre product and great execution, but you’ll find greater success doing well at both. Watch what the market wants Anyone can sit in a corner and imagine something. However, if you don’t look at what people’s actual purchasing interests are, you’ll have no idea whether or not it’ll make a wave in the market. Let’s say you're relaxing at a farmers’ market. If you just observe what shoppers are looking to buy and where and how they are dissatisfied with what’s on offer, then you’ve found an opportunity to meet an unmet demand. Dial-in on value multiplication   You could tunnel-in on stuff like SEO or other tasks that might get you 4% more traction in the marketplace. That’d be a boost, no doubt, but wouldn’t you be better off making something that really resonates with the market? That could multiply your revenue!   It was great hearing from Travis!   Key takeaways: Offers x Execution = Business Success Watch what the market wants, and Dial-in on value multiplication Connect with Travis Learn more about Travis at http://www.bummarketingmethod.com/ On Facebook Connect with Ryan Find more amazing podcast discussions on FreedomFastLane.com.   On Facebook On YouTube On LinkedIn On Twitter  

This has been a rough week. Rough month? Year? My content creator C-Money was over at my apartment, I had just put Esther to bed, and we got out a bottle of whiskey. I started opening up about some of my frustrations as an entrepreneur, some of the mistakes that I've made, and if we could do it all over again, how I would do things differently. I've had some ups and downs, I have had to fire some employees and hire new ones, and it feels like a time of transition. But my whole life as an entrepreneur has been filled with ups and downs... maybe you can relate? Listen to this episode if you want to avoid the mistakes that have cost me millions of dollars.  

Show Notes Ryan had a great chat with real estate investor superstar Andrew Lanoie. He’s given us some great tips to generate passive income, and we thought you should know what they are. Let’s dive right in:   The mobile home market is really underrated Andrew puts a lot of his focus on investing into mobile home communities. Investors hadn’t really looked into that market for a long time, and Andrew saw a great opportunity here. You should consider looking into it.   Entering into fragmented, underserved fields can lead to amazing scaling Andrew said that the mobile home market is very fragmented. There hasn’t been a consolidation of businesses in the space into major owner/operators, and it’s only recently that large investors have been paying serious attention to the market.   Andrew is convinced that, if he plays his cards right and executes his plan well, he can become a major player in this space once it matures.   Work with people who know the asset class you’re interested in Andrew is aware of investor excitement in other asset classes, such as cryptocurrencies. It does interest him, but he’s going all-in on his real estate niche. If he were to enter into another asset class, it would only distract him from the empire he is trying to create.   To ensure the best possible returns, Andrew works with a number of people who really understand the market, and focuses solely on his expertise in this space.   We hope you enjoyed listening to Andrew as much as Ryan enjoyed chatting with him!   Key takeaways: The mobile home market is really underrated Entering into fragmented, underserved fields can lead to amazing scaling, and Work with people who know the asset class you’re interested in Connect with Andrew Learn more about Andrew at http://andrewlanoie.com/ On Facebook On Twitter On LinkedIn