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

Host Information

Facebook: https://www.facebook.com/ryandanielmoran/

LinkedIn: https://www.linkedin.com/in/theryanmoran/

Twitter: https://twitter.com/ryanmoran

Website: https://capitalism.com

Show Notes

There have been a bunch of changes in the physical products world that have some people frustrated. Ryan’s been thinking about it a lot, and he’s come up with actionable advice to share with you about rethinking your ecommerce strategy, particularly if you rely on Amazon.

Another large consolidation is happening. We had one a few years ago, when Amazon was in a “Wild West” period, where you could white label almost anything, get a few reviews, put up some decent copy and make a good profit.  

During that gold rush, people became lazy. This let companies that were doing really well squeeze out and buy up their smaller competitors, increasing their domination on the market. This made it harder for new entrepreneurs to get success with the same strategies

A similar thing is happening now, which means you need to change your strategy to stay successful.

The old way of doing ecommerce is over. Amazon has gotten hawkish about what you can do on the platform. Some of this is great, such as banning a number of black-hat strategies. Some of this is not so great, such as making it harder to market to your audience.

Is there still opportunity? Yes. Are all the good markets taken? No. Are there any lucrative, high-profit margin niches out there? Absolutely. Here’s how you can tap into that:

Go super microbrand. Ten years ago, you could sell protein powder and do very well. Now there’s dozens of types of protein powders out there, such as whey-based, keto, and plant-based.

They all make money on high-margin products. A lot of them didn’t even have to redesign their goods, they just had to rebrand to target a specific, small niche with their marketing. You can do that too with your own products!

Don’t be discouraged by the changes to the ecommerce world. Embrace the change and be the change!

Key takeaways:

• Another large consolidation is happening
• The old way of doing ecommerce is over
• Go super microbrand

Connect with Ryan

Find more amazing podcast discussions on FreedomFastLane.com.

• On Facebook
• On YouTube
• On LinkedIn
• On Twitter

This week we chatted with Madhavi Gupta, who’s made a 9-figure business, Best Nest Wellness, out of doing what she loves.

Guest Information

Facebook: https://www.facebook.com/lovemadebest

Twitter: https://twitter.com/lovemadebest

Website: https://www.bestnestwellness.com/

Email: support@bestnestwellness.com

Show Notes

From working as a neurologist to business success in supplements (while raising two kids), Madhavi had an incredible entrepreneurial journey. We wanted to share some advice we learned from Madhavi that you can take action on right now.

Become part of communities. Madhavi sells supplements. That’s a really hard field to break out into, since you need regular, habitual consumers and must differentiate your product from those offered by the established big brands.

By forming genuine relationships with communities of people focused on wellness, Madhavi was able to get a sense of their needs, and improve the design and marketing of products towards her target audience.

Get the word out.  Nobody will buy your stuff if they don’t know you exist! Madhavi started by focusing on marketing two products to those communities she connected to, including groups for expectant mothers interested in a “natural” birth.

She spread the word out about her products through them, as well as offered heavy discounts on the products. Since her products were of really high quality, they sold quickly in those communities she had connected to, who evangelized her products to their social circles.

Focus on why you are an entrepreneur. Madhavi is able to spend a good deal of quality time with her children, as her business gives her flexibility with her schedule. Being an entrepreneur lets her provide for and be with her family.

While she is working to scale the business and dreams of great things for Best Nest Wellness, she has kept her goal in mind all this time: to be there for those who matter the most to her.

We hope you enjoyed hearing about Madhavi’s experience as an entrepreneur!

Key takeaways:

• Become part of communities
• Get the word out, and
• Focus on why you are an entrepreneur

Connect with Madhavi

Learn more about Best Nest Wellness at https://www.bestnestwellness.com/.

• On Facebook
• On Twitter

Connect with Ryan

Find more amazing podcast discussions on FreedomFastLane.com.

• On Facebook
• On YouTube
• On LinkedIn
• On Twitter

Show Notes

This week we chatted with Dr. Jenna Zigler, who runs Eye Love, an eye care and sunglasses company, with her husband Dr. Travis Zigler  They’ve scaled it quickly, with an awesome $500,000.00 revenue earned in December 2017 alone.

We wanted to share what Jenna learned along the way. We’ve summed it up in three actionable tips below:

Create an online community for product targeting. Trained optometrists, Jenna and Travis wanted to start selling their own products, instead of those from other companies. They listened to what their patients had to say about their eyes, and then launched a Facebook support group for dry eye syndrome.

Although that Facebook group started tiny, it has ballooned over the years to over 400,000 members! They now have a huge audience, from whom they can get product ideas and to whom they can advertise their new product offerings.

Focus on providing value to people. Jenna and Travis want to make people’s lives better. While they are delighted to be making a profit off the work they’re doing, they make products specifically to help people with vision issues.

There are millions of people with dry eye syndrome, which gives them a number of daily issues. Jenna and Travis are delighted that the products they make helps them manage this condition.

Find a way to tap into a giving mindset. It can be easy to approach business as a means to “take”, to get what one wants out of life.

But to sustain your passion for your work, you need to connect it to a giving mindset. By focusing on how you can make life better for others, you make your own life more meaningful.

Jenna’s and Travis’s giving mindsets stems from their passion to fight preventable blindness, which affects over 700 million people around the world. They make trips every year to help people with vision issues directly, and also contribute a portion of their profits to fight preventable blindness in South Carolina and Jamaica.

We hope you enjoyed hearing about Jenna’s experience as an entrepreneur!

Key takeaways:

• Create an online community for product targeting
• Focus on providing value to people, and
• Find a way to tap into a giving mindset

Connect with Jenna

Learn more about Eye Love at https://eyelovethesun.com/.

• On Facebook
• On Twitter

Connect with Ryan

Find more amazing podcast discussions on FreedomFastLane.com.

• On Facebook
• On YouTube
• On LinkedIn
• On Twitter

Show Notes

This week we talked with Travis Killian, who has made a 10-figure business out of selling physical products on Amazon. We wanted to let you know what Travis learned about growing his business; he’s got great tips that you can apply to your own venture now.

Commit to the journey. Travis got into entrepreneurship as a teenager, but it was years before he felt he had made it. He would discover a talent for search engine optimization and lead generation, which he would harness for his 10-figure success: selling physical products on Amazon.

It may feel rough in the early days, but you need to hang in there if you want to taste success. Travis did.

You either provide value, or you don’t. Years ago, Travis was so desperate for business success that he was pushing affiliate links online for products and services he didn’t really care about. When a close friend told him he was basically trying to make money by getting people to buy things they don’t really need or want, he had an epiphany.

He shut down his affiliate marketing business, and vowed from that day forward to make and sell things that actually improve people’s lives. He hasn’t looked back, and it continues to be at the core of the focus on quality behind his physical products enterprise.

Don’t be greedy; a giving mindset will bring success and a team who wants you to succeed. Travis makes sure he goes above and beyond with the work he does. His colleagues and friends have picked up on that, and as a result, he’s been able to hire a team who also goes the extra mile for him.

With only about six full-time equivalent staff on hand, he’s been able to scale to 10-figures in less than two years. How? Because he wants to do right by other people, so he attracts people who want to do right by him.

We hope you found Travis’s journey as insightful as we did!

Key takeaways:

• Commit to the journey
• You either provide value, or you don’t, and
• Don’t be greedy; a giving mindset will bring success and a team who wants you to succeed

Connect with Ryan

Find more amazing podcast discussions on FreedomFastLane.com.

• On Facebook
• On YouTube
• On LinkedIn
• On Twitter