Published: Jan. 23, 2016, 8:56 p.m.
Ep140 Ryan Moran of Freedom Fast Lane:\xa0Financial Freedom, Personal Growth, and Extraordinary Living
\n
Ryan Daniel Moran is one of the most sought after and well respected leaders on entrepreneurship in the marketplace. He is best known for helping businesses develop their million-dollar plan, getting rapid results, and investing the profits for passive income. Ryan is recognized for cutting out the fluff and creating the \u201cfast lane\u201d to results without compromising your lifestyle or being a slave to your business.
\n
YOUR $100: Remember to subscribe to the show on itunes then text the word "nathan" to 33444 to confirm that you've done it to enter to win $100 every Monday on the show. Do this now. Stop reading this and do it!
\n
\xa0
\n
Click here to join the top tribe and instantly learn how Nathan made his first $10k at 19 years old: http://nathanlatka.com/startertribelive
\n3 Key Points:\n
\n- \u2018Real companies\u2019 that have potential for growth offer products and services that are independently sought by customers. Not just from websites like Amazon.
\n- If you want to have an exit with a cash flow business, you need to build it like to acquire customers and influence the marketplace.
\n- For the younger viewers, you don\u2019t have to do something the way everybody says you should, you can blaze your own path.
\n
\n
Episode Notes:\xa0\n
\n- 01:00 \u2013 Nathan\u2019s introduction to today\u2019s show
\n- 01:30 \u2013 Ryan joins the show
\n- 02:40 \u2013 To sell on Amazon, one should focus on ranking high on search keywords
\n- 03:25 \u2013 \u2018Real companies\u2019 offer products and services that are independently sought out by consumers \u2013 not just on Amazon
\n- 03:41 \u2013 Ryan\u2019s team\u2019s total topline revenue in October: 500K
\n- 04:06 \u2013 Primary expense of being in a products business is usually cost of goods sold (COGS)
\n- 04:45 \u2013 For Ryan and his team of 6, COGS is around 30% (in the ballpark)
\n- 05:40 \u2013 Costs include salary, sales, and advertising
\n- 07:08 \u2013 For publicity, Ryan\u2019s team often sponsors athletes or bloggers
\n- 07:54 \u2013 Ryan\u2019s primary focus is to scale into new areas and to find new ways to capture customers once they purchase through Amazon
\n- 08:42 \u2013 Ryan\u2019s team will put things in their packaging in order to direct attention to some of their other products
\n- 09:05 \u2013 Some examples of what are put in their product shipments
\n- 10:18 \u2013 Ryan\u2019s team nets just under 50% of their topline revenue of 500K \xa0
\n- 11:03 \u2013 Ryan and how he sold his yoga products business
\n- 13:14 \u2013 Selling a cash flow business is possible but not easy \xa0\xa0
\n- 14:30 \u2013 If you want to have an exit with a cash flow business, you need to build it like to acquire customers and influence the marketplace.
\n- 16:00 \u2013 Details on Ryan\u2019s next conference
\n- 17:55 \u2013 Famous Five
\n
\n
Related: Want to learn how to go from $0-$10k/mo in revenue fast? Join Nathan live on the Starter Tribe Beta free workshop.
\n
Famous 5\n
\n- Favorite Book?\u2014 Straight-Line Leadership by Dusan Djukich
\n- What CEO do you follow?\u2014 Glen Beck and Tai Lopez
\n- What is your favorite online tool?\u2014 Ryan prefers a physical journal (probably black moleskin)
\n- Do you get 8 hours of sleep?\u2014 Most of the time (unless the baby\u2019s having a particular night)
\n- If you could let your 20 year old self know one thing, what would it be?\u2014 Realize that you don\u2019t have to do something the way everybody says it should be done. Blaze your own path.
\n
\nResources Mentioned:\n
\n
Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop
\n
The Top is FOR YOU if you are:
\n
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
\n
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
\n
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
\n
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
\n
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
\n
\xa0
\n
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop