Ryan Daniel Moran shows how simple physical products like Squatty Potty and Dollar Shave Club became million-dollar businesses. His first inventory cost $600 and turned into an eight-figure company. He teaches a repeatable model for building and scaling product brands through manufacturing, pre-sales, and Amazon selling.
November 3, 2017.
$600.
He said it became an "eight-figure company."
"Like a three million dollar valuation."
Amazon.com.
You guys seen the unicorn poop video? Oh, there it goes. Oh, that's disgusting. This is a real product, the unicorn. Don't lick it. Don't lick. Oh, he did it. Oh, yeah. This was on Shark Tank. Do you know this was on Shark Tank? Really? Why are you talking weird?
Yeah, okay, so anyway, Lori, yeah, Lori, funded this. It was like, it got like a three million dollar valuation. It's a product about poop. It's like the new pet rock. It's the pet poop. It's the thing. It takes one idea, one good idea. There's the pet Rock in the 80s or the Squatty Potty in 2000. Whenever this was, this thing sells millions of dollars worth. It's a piece of wood or a piece of plastic that goes around your toilet. That's ridonculous, that it makes millions of dollars. But I've seen ideas better than this and I've seen ideas not as good as this do really well. What's up, guys? Ryan here from capitalism.com and we're sitting here watching goofy videos of physical products that have done really, really well. And we run kind of an online shark tank. We work with entrepreneurs, both new and experienced entrepreneurs, and we take physical products and we help people market them, start businesses, grow businesses. We help them get funded, we help them market them. This product, specifically the Squatty Potty, sells millions of dollars worth just on Amazon.com alone. Amazon.com is the biggest marketplace in the world and anyone can put products on there. So we have hundreds of students who just sell their products on Amazon and all they do is they get good reviews, they do a little bit of marketing, and as a result they grow really successful businesses. It's been our experience that a physical products brand is the most predictable way to have a successful business. And we teach the model for free because we run one of these incubators we run like the online shark tank where you come in, you bring your idea. We have people who can either fund it or help you market it, or help you grow a business if it already exists. And that's why we have so many successful students. I used to think that there was no money in physical products. And then if you look at Shark Tank, most of the businesses that get funded are physical products businesses. I used to think it took a lot of money to start one of these, but I started my first business, which became an eight figure company. I started that with $600. My first order of inventory was $600. And there's also ways through sites like Kickstarter and there's other ways as well to pre sell products and then use that as your funding for the rest of your business. I used to think that you had to be an inventor or you had to be really creative in order to start a physical products brand. But what I found is that there are manufacturers and there are companies out there who will take an idea, create that, put your label on it and that becomes your business and your brand. And I used to think that you could never sell a business like this. But I've actually built and sold several physical products brands and we have other students who have really successful brands that they have sold or sold a majority stake in and that has been, you know, their biggest reward at the end of building the business. So that's why we teach this model. We teach, we do a free training class where we teach where to get product ideas, how to get them built, how to either pre sell the products or get them funded, how to take them to market, how to grow a real business and a real brand around that, how to market it to millions of people, how to get it on Amazon, how to do Kickstarter if you want to do that. And we teach you all of those stages and give you real examples and real action items that you can take in order to grow one of these brands. The reason we do this is because at the end of the training class, if you want to join our community or go through one of our classes, you'll have the opportunity to do that. But we really believe that entrepreneurship and capitalism is the way that you change your life, you change your family's life, you change your community's life and you make a big impact in the world. We all can point to a brand that has made an impact in our lives and that's why I believe capitalism is the best shot we have at solving the world's problems, your own and the world's problems. So if this is speaking to you, if, if you've either thought about being an entrepreneur or you are an entrepreneur and you want a new income stream or you want a new type of business, we really believe that physical products brands are the most predictable path to success. That's why we teach this stuff and that's why we invest in our students businesses and help them grow and help them get funded. So you can sign up for one of our free training classes around this video. I hope to see you on there and I hope to see you inside of our communities if this resonates with you. So thanks for watching, hope to see you on one of the upcoming training classes. Hey, hit one of the like buttons, one of the share buttons for your feedback. Feel free to comment below or send this video to somebody who, you know, who has been thinking about doing something new. All right, we'll see you on one of the training classes. Thanks for watching. All right, let's watch some more videos. Dollar Shave Club next. You know they sold for a billion dollars.
