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Ryan Moran

๐Ÿ‘ค Speaker
226 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
EP 317: New Dad Does $1Million Per Month on Fish Oil and Bernie Sanders?

Capitalism encompassed all of that.

SaaS Interviews with CEOs, Startups, Founders
EP 317: New Dad Does $1Million Per Month on Fish Oil and Bernie Sanders?

And the guy had owned the domain for 19 years, had an average of two to three inquiries per year, had never sold it.

SaaS Interviews with CEOs, Startups, Founders
EP 317: New Dad Does $1Million Per Month on Fish Oil and Bernie Sanders?

And we worked out a deal and we're moving forward.

SaaS Interviews with CEOs, Startups, Founders
EP 317: New Dad Does $1Million Per Month on Fish Oil and Bernie Sanders?

So

SaaS Interviews with CEOs, Startups, Founders
EP 317: New Dad Does $1Million Per Month on Fish Oil and Bernie Sanders?

What was the deal?

SaaS Interviews with CEOs, Startups, Founders
EP 317: New Dad Does $1Million Per Month on Fish Oil and Bernie Sanders?

What'd you pay for it?

SaaS Interviews with CEOs, Startups, Founders
EP 317: New Dad Does $1Million Per Month on Fish Oil and Bernie Sanders?

So it was a hundred thousand, which I thought was the steel of the century.

SaaS Interviews with CEOs, Startups, Founders
EP 317: New Dad Does $1Million Per Month on Fish Oil and Bernie Sanders?

It was, and it was also financed.

SaaS Interviews with CEOs, Startups, Founders
EP 317: New Dad Does $1Million Per Month on Fish Oil and Bernie Sanders?

So it's broken up over several years.

SaaS Interviews with CEOs, Startups, Founders
EP 317: New Dad Does $1Million Per Month on Fish Oil and Bernie Sanders?

So it was actually structured in a really cool way where this, this individual's goals were different than getting a lump sum of money for the domain.

SaaS Interviews with CEOs, Startups, Founders
EP 317: New Dad Does $1Million Per Month on Fish Oil and Bernie Sanders?

What he wanted was to maximize his passive income over time.

SaaS Interviews with CEOs, Startups, Founders
EP 317: New Dad Does $1Million Per Month on Fish Oil and Bernie Sanders?

So he wanted it to be financed and he wanted to write off some of that.

SaaS Interviews with CEOs, Startups, Founders
EP 317: New Dad Does $1Million Per Month on Fish Oil and Bernie Sanders?

And apparently I didn't know this, but apparently there's a rule where if you finance something and someone's buying it, it can be if you're paying in payments, you can write part of it off or something.

SaaS Interviews with CEOs, Startups, Founders
EP 317: New Dad Does $1Million Per Month on Fish Oil and Bernie Sanders?

So he didn't even want the lump sum.

SaaS Interviews with CEOs, Startups, Founders
EP 317: New Dad Does $1Million Per Month on Fish Oil and Bernie Sanders?

Interesting one.

SaaS Interviews with CEOs, Startups, Founders
EP 317: New Dad Does $1Million Per Month on Fish Oil and Bernie Sanders?

He wanted those payments over the long term.

SaaS Interviews with CEOs, Startups, Founders
EP 317: New Dad Does $1Million Per Month on Fish Oil and Bernie Sanders?

And so that's how we struck the deals.

SaaS Interviews with CEOs, Startups, Founders
EP 317: New Dad Does $1Million Per Month on Fish Oil and Bernie Sanders?

Yeah, so when I was on the show in December, I think our revenues were about half a million dollars a month.

SaaS Interviews with CEOs, Startups, Founders
EP 317: New Dad Does $1Million Per Month on Fish Oil and Bernie Sanders?

And now they're about a million dollars a month.

SaaS Interviews with CEOs, Startups, Founders
EP 317: New Dad Does $1Million Per Month on Fish Oil and Bernie Sanders?

We generate our revenues in a couple of ways.