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Ryan Moran, creator of the Freedom Fast Lane podcast. Ryan\u2019s new venture is Capitalism.com, which will go live in June. He\u2019s making millions from multiple revenue streams and about to run his second conference. Listen in to hear Ryan and Nathan talk creating authority, how to game the Amazon ranking system, and why running conferences is worth the effort.

Famous 5:
Favorite Book? \u2013 Ready, Fire, Aim
What CEO do you follow? \u2014 Glenn Beck
What is your favorite online tool? \u2014 My journal
Do you get 8 hours of sleep?\u2014 No
If you could let your 20 year old self know one thing, what would it be? \u2014That there were going to be compounding returns on everything he did. I wish I had gone bigger.

Time Stamped Show Notes:
01:18 \u2013 Nathan\u2019s introduction
01:46 \u2013 Ryan was interviewed in episode #140 of The Top
02:05 \u2013 Why go from Freedom Fastlane to Capitalism.com?
02:45 \u2013 \u201cWe wanted something more authoritative\u201d
03:45 \u2013 Paid $100k for the domain name
04:40 \u2013 Ryan\u2019s generating about $1 million in topline revenue per month through Amazon products and his coaching programme The Tribe
05:20 \u2013 Access to The Tribe costs $2000 for coaching, conference calls, and physical meetups
06:38 \u2013 Revenue breakdown is 25% coaching, 75% physical-product businesses
07:40 \u2013 Best-selling product is fish oil, which sells for $20 per unit
08:22 \u2013 Product costs $5; Amazon takes around 30% in fees - so $6.50
09:30 - Makes about $7 profit per unit
10:40 - Sells around 150 units per day
11:05 \u2013 \u201cIt\u2019s still fairly easy to game\u201d the Amazon system
11:30 \u2013 The Amazon ranking algorithm is based on volume of sales
12:50 \u2013 Ryan also makes money from a yoga business; real estate; and other product sales
13:45 \u2013 Why do conferences?
14:05 \u2013 \u201cI wanted to create the conference that I wanted to attend\u201d
15:09 \u2013 Expecting 750 attendees at the next conference; tickets cost $1497 or earlybird $997
15:16 \u2013 At the last conference, spent about $170k on speakers; $70k on AV, and $80k on catering
16:08 \u2013 Revenue was around $400k; profit around $50k
16:20 \u2013 Expect to spend around $200k on speakers this year
17:00 \u2013 \u201cWe don\u2019t aim to make money from conferences - it\u2019s a pure branding and networking play\u201d
17:25 \u2013 What would Bernie Sanders say about your brand of capitalism? Is it unethical?
17:50 \u2013 Subscribe to Ryan\u2019s podcast at Freedom Fast Lane
19:06 \u2013 Famous Five

3 Key Points:
Wealthy people have multiple revenue streams - diversify
There are compounding returns on everything you do. Risks and failures go away fast - but successes stay with you
Maybe it is unethical that people are paying $1497 to attend a conference while other people are sleeping on the street. Who knows?
Resources Mentioned:
Host Gator \u2013 The site Nathan uses to buy his domain names and hosting for cheapest price possible.
Freshbooks - The site Nathan uses to manage his invoices and accounts.
Leadpages \u2013 The drag and drop tool Nathan uses to quickly create his webinar landing pages which convert at 35%+
Audible \u2013 Nathan uses Audible when he's driving from Austin to San Antonio (1.5 hour drive) to listen to audio books.
Show Notes provided by Mallard Creatives