Capitalism.com with Ryan Daniel Moran

One of the most doable and accessible opportunities available in the online space today is selling products via Amazon and other online marketplaces. Many people are building real, established businesses through those channels and experiencing huge success. But one of the problems with Amazon in particular is that since it is Amazon's platform there are many ways in which a seller's ability to follow up and interact with their customers is hampered. The information you need is held inside Amazon's proverbial "black box" and is difficult to access. Today's episode features Matt Davis, Ryan's business partner, who is addressing some of those issues through his new support product for Amazon Sellers - Merch Bee. You'll hear all the details on this episode of Freedom Fast Lane. Building a successful Amazon sales partnership. Ryan has partnered with Matt Davis on a handful of different projects over the years and the two of them have successfully built their Amazon sales business to $10 million together. Have you ever wondered how they've navigated the partnership waters so successfully? It's not a common story and both guys have plenty to share on this episode by way of tips and mindsets that can help you approach a possible partnership in the wisest way possible, setting yourself up for success. When you need to grow revenue, you might want to look at your own problems. One of the foundational business principles aimed toward helping business people build products or services that truly benefit consumers is to focus on their pains, problems, or passions. But once you're in business it's easy to forget that the simple "PPP" formula applies to yourself as well. No doubt, you experience problems, pains, and passions in your business that you wish could be solved. It would not only make your business run more smoothly, it would also enable you to streamline your processes and increase your bottom line. On this episode Matt Davis shares how he came to the conclusion that he could solve some of his own business problems through creating a solution that others could use as well. You'll get a ton of value from what he has to say. Look to your business verticals for income opportunities. Matt Davis says that he began considering his latest business endeavor out of necessity. He was experiencing issues in his own business operations that needed solutions, and nobody was addressing it. That's when he took matters into his own hands and started talking with developers about the creation of software solutions to make his problems a thing of the past. Turns out that his problem was widespread among Amazon sellers and there's a huge market for what he's doing. What are your business verticals that could provide you opportunities to expand your business and make a tidy profit at the same time? What if you could follow up with customers based on their buying history and habits? Most of the follow up tools available for Amazon sellers only allow follow up on a limited scale - the same emails and email sequences to all of the people who have purchased your product. But what if you could send a different email to those who purchased through an organic channel than you do to those who used a promotion code? Would you customize your message to one in a way that wouldn't apply to the other - and could generate greater customer loyalty or repeat sales? That's only one of the issues Matt Davis' new software tool - Merch Bee - is solving. You can find out more about Merch Bee and how you can get a 15% to 20% discount, on this episode. Outline Of This Great Episode [0:05] Ryan's introduction to his business partner, Matt Davis. [2:07] How Matt and Ryan met and built their company to a $10 million brand. [5:05] Why Matt left the Internet Marketing world and went back to Corporate. [8:22] The first chat Ryan and Matt had about building a new business together. [10:18] Matt's perspective on working with a visionary like Ryan. [13:06] How Matt evaluates opportunities and stack the deck in his favor. [16:35] The decisions Matt believes have enabled the company to grow quickly. [20:09] A new type of business Matt is starting from necessity: a tech company. [28:00] How Matt began realizing that he could build solutions to his own problems. [31:40] The goal of Matt's new company for himself and those he will serve. [39:34] The kinds of tools that create the greatest change in revenue. [41:34] Segmenting follow up sequences based on purchase history and habits. [44:28] How you can get a discounted copy of Matt's new Amazon software. Action Steps From This Episode FOR GREATER SUCCESS: When considering partnership opportunities make sure that the two individuals are NOT wired similarly. Duplicating your insights, mindsets, and efforts will create more tension than you need in order to have a healthy relationship. FOR GREATER OPPORTUNITY: No matter the business niche you operate within there are many, many verticals that supply resources and servic

Most people in the United States feel that they pay far too much in taxes. While that may be true, today's guest, Aaron Young, suggests that instead of spending all your energy complaining about the taxes you have to pay, you should be spending that energy learning the legal ways you can reduce your tax burden so that you actually get to keep more of what you earn. Ryan dives deep with Aaron on this episode, unpacking everything from the ethics of trying to reduce tax liability to private foundations, private banks, and offshore accounts. You'll learn a lot or at least get familiarized with the lay of the land when it comes to tax strategies, on this episode of Freedom Fast Lane. Is it even ethical to try to reduce your tax burden? There's a bit of a stigma associated with avoiding taxes, simply because some high profile people or companies have been caught cheating the system - and any tax strategies or people applying them get lumped into the same category in the public eye. But the truth is that there are many legal, substantial ways the average entrepreneur or business owner can minimize his taxes much more than is currently being done. Aaron Young has some great insight into the subject from the experiences of his clients and from the personal experiences he's had fighting unlawful taxes levied against him. His story and his advice are well worth the time it takes to listen to this episode. Is there such a thing as a "loophole" when it comes to taxes? Aaron Rogers feels that the use of the word "loophole" implies that someone is breaking the law in order to get some kind of advantage for themselves, when the fact is that there are plenty of legal ways to minimize tax burden without having to break the law. On this episode Aaron minimizes illegal loopholes and points out several strategies individuals, business owners, and companies can take to safeguard their money from undue tax burdens, seizure in the case of lawsuits, and much, much more. If you're at all concerned with keeping more of your hard earned money, you shouldn't miss this episode. How to get yourself in trouble with the IRS by using "tax haven" countries. Every country is different, but most of the so-called "tax haven" countries don't have any unique agreements with the U.S. when it comes to tax laws, they just have different privacy laws. What that means is that you, as a U.S. Citizen, are expected to pay U.S. taxes on your worldwide income. But if your cash is being kept in a bank account in a "tax haven" country, that foreign bank is not going to report your money to the IRS, it's up to the individual U.S. citizen to do that themselves. The problem is that many don't - which is illegal - and when it's discovered, there will be a lot of trouble for those people. Find out how to utilize the "tax haven" countries legally, on this episode. What is a private foundation and how are they used for tax advantages? The best comparison to make in order to understand a private foundation is to think of a non-profit entity. An individual can set up a private foundation for a specific purpose (providing a social or charitable service) and then the donations that person makes to the foundation are pre-tax dollars. But as the "chair" of the foundation, that individual has a say over what is done with the money in the foundation. That doesn't mean they can use it for personal things, but they can definitely use the foundation to finance trips, etc. that have to do with the cause of the foundation and never have to pay tax on that money. You can find out more on this episode. Outline Of This Great Episode [0:05] Ryan's intro to this part one episode about tax strategies. [2:22] Introduction of Aaron Young and his background with taxes. [5:10] Is it ethical to think about reducing tax liabilities? [6:54] Where is the balance between aggressiveness legality when it comes to taxes? [10:37] What does it take to officially be a real estate professional with the IRS? [15:54] Are there legitimate tax loopholes or do they just amount to smart planning? [21:41] How Private Foundations work and why and how wealthy people use them. [30:31] Money offshore: the facts of the law are about keeping money in other countries. [35:20] How people abuse the tax haven country privacy laws. [37:52] How U.S. Citizens can use "tax haven" countries legally. [45:36] Can virtual companies be started in "tax haven" countries? [50:00] How Aaron was thrown in prison for things he did not do. [52:20] Holding money in tax haven countries to make money safer. [57:23] Private Banking options many wealthy people will use to save taxes. [59:12] How to find qualified people who can advise on these issues. [1:02:02] How to connect with Aaron. Action Steps From This Episode FOR YOUR EDUCATION: Take the time to learn the things that apply to your situation yourself, before you seek the advice of some seminar guru or high powered attorney. FOR YOUR SAFETY: It's easier and costs less in the lon