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SaaS Interviews with CEOs, Startups, Founders

How to Make $250k In Health and Fitness Industry with Matt Gallant Episode 132

23 Jan 2016

Transcription

Chapter 1: What is the main topic discussed in this episode?

0.031 - 9.041 Nathan Latka

This is The Top, where I interview entrepreneurs who are number one or number two in their industry in terms of revenue or customer base.

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Chapter 2: How did Matt Gallant acquire 7 million leads?

9.521 - 15.768 Nathan Latka

You'll learn how much revenue they're making, what their marketing funnel looks like, and how many customers they have.

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Chapter 3: What is the revenue breakdown of Matt's supplement company?

16.269 - 27.321 Nathan Latka

I'm now at $20,000 per top. Five and six million. He is hell-bent on global domination. We just broke our 100,000-unit soul mark. And I'm your host, Nathan Latka.

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Chapter 4: Why is product quality crucial in the health and fitness industry?

27.858 - 49.007 Nathan Latka

Okay, Top Tribe, this week's winner is Charlie Dags, okay? He was a middle manager at a manufacturing company. He wants to break free, and he won the $100 I give out every Monday. For your chance to win, simply subscribe to the podcast on iTunes right now, and then text the word Nathan to 33444 to prove that you did it.

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49.688 - 57.679 Nathan Latka

Coming up tomorrow morning, you guys hear from my good friend Amy Porterfield, and she breaks down how she almost did a million dollars on her last launch.

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Chapter 5: How does Matt utilize affiliate marketing for his business?

58.587 - 61.631 Nathan Latka

Okay, Top Drive, good morning. Everyone is loving the show.

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Chapter 6: What strategies does Matt use to invest his earnings?

61.671 - 84.498 Nathan Latka

It's getting ranked number one all over the place, and it's because I have guests like Matt Galant on. He is a serial entrepreneur who's collected over 7 million leads. He has scientifically tested well over 10,000 different marketing ideas that generate tens of millions of dollars online, and he built his dream international lifestyle. Matt currently resides in Panama with his beautiful wife.

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84.618 - 86.721 Nathan Latka

Matt, are you ready to take us to the top?

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Chapter 7: How does Matt create custom marketing funnels for affiliates?

86.701 - 90.387 Nathan Latka

Can we go beyond the top? Let's go like way above the top. How high do you want to go?

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91.429 - 93.833 Matt Gallant

Let's just hit the stratosphere.

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Chapter 8: What competitive advantages does Matt have in the supplement market?

93.853 - 94.213 Matt Gallant

Let's go for it.

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94.794 - 100.704 Nathan Latka

Okay. Help me understand. Again, 7 million leads is impressive, but help me understand in what market and why.

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101.606 - 124.057 Matt Gallant

Several markets. The majority of those came from instructional music. So we dominated the guitar space for about 10 years. So probably about five to six million of those leads came from that. Then we're also in the health and fitness space as well. So there's been a few million leads in the fitness space.

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124.597 - 136.671 Nathan Latka

Okay. So here's what I want to do because you're doing so much. The only way I can think of to figure out what to really drill deep on is to ask you in October, how much total revenue did you do? And then I want to jump into the revenue stream that was the strongest.

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137.579 - 150.193 Matt Gallant

Let's jump right to the strongest, because I prepared for this call with that format. Great. So I'm ready. What is the strongest? I'm gonna pick the supplement company. Okay, supplement. Yeah.

150.213 - 164.548 Nathan Latka

Okay, and how much revenue did that do in October? 280,000. Net or gross? That was gross. Okay, that was gross. Okay, and are you actually producing the supplements? Yes, we are. Okay, so what's your net after costs?

165.17 - 186.816 Matt Gallant

Okay, well, let me break it down. So cost of good was about 55 grand because we go – by the way, that's really, really high for the supplement space. Most people would be about half of that, yeah. Why is it so high? Because we go all in on the quality. You know, for us, there's a lot of ways you can cut corners with supplements, obviously with the ingredients. We don't do that.

186.956 - 195.97 Matt Gallant

So, you know, most people in the supplement industry, their multipliers may be 10, 20x. Ours is more 4, 5x. What do you mean?

196.011 - 197.573 Nathan Latka

I don't know what multiplier means.

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