Add Revenue Streams with Vertical Integration and Investing in Stocks with Joseph Taylor
Description
I'd never even heard of the term "vertical intergration" until speaking with my guest, Joseph "thealmightyJT" Taylor. It is probably the best way to add revenue streams to your business. Turns out, I've been doing some form of that with my business.
Outside of that, JT is self-educated trader, investor and entrepreneur. He made his mistakes early and is continuing to learn from them. His revenue streams include his personal trading, operating a trading community and trading software, Capital Flow.
2:20 - JT tells how he got into trading stocks and how it started from a personal finance class in high school. https://youtu.be/dbz8IqGi2ho
5:41 - JT explains how his trading software, Capital Flow, works to help nonprofessional traders keep up with the professional traders.
8:42 - My guest tells how he uses social media to market his trading software. He understands how important social media is for reaching his target market of young minorities.
15:10 - The basics of trading stocks and the many ways to make money.
22:36 - JT talks about the mistakes he made when he first started trading stocks. His biggest mistake, trying to get rich overnight.
24:33 - The importance of building a team as an entrepreneur. JT explains some of the mistakes he made with hiring help and avoiding working with friends.
36:33 - Vertical integration. JT introduces me to the concept and explains how a lot of people are adding revenue streams the wrong way. Instead of having multiple businesses that have nothing to do with one another, he suggests creating businesses that feed off the others.
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Produced by Prime Time Media