Beyond 8 Figures

$30M in annual revenue- Colin Wayne, Redline Steel


Listen Later

Colin Wayne is a 30-year-old Millionaire from Huntsville, Al who has accomplished more in the past 10 years than most will in a lifetime. To include being a prior Army Combat Veteran, Former Top Fitness Model with 50+ Magazine Covers, Social Media Savant with over 3.6M followers across Social Media, Husband, Father of 3, and currently an Entrepreneur scaling his company, Redline Steel into a Billion Dollar company within the next decade.

How Colin started out. (5:01)

  • Manufacturing was something he had zero experience in.
  • Prior to getting involved with this business, Colin wanted to partner with a guy who offered a marketing opportunity.
  • At some point, Colin made his partner an offer to get 51% of the business if he was able to do six times the revenue of what his partner was making. In which he backed out when they got to that day.

Getting into doing steel decor. (14:34)

  • He was working out at the gym with a good friend of his, and he showed him a steel baseball figure with a name engraved into it.
  • Colin figured that he also wanted a gift like this for his own son, he phoned, and the opportunity showed itself.
  • Colin and the owner that did the steelwork developed, spoke, and built a business plan, once again, Colin made the same proposal, and for a second time, the other party backed out.
  • He decided to get his own equipment the very next day even though he didn’t know what he was getting himself into.

How Colin scaled his business. (22:19)

  • He officially started his business in 2016 when he completed the big purchase order.
  • They had three or four employees full time doing 50 to 60 orders per week. It was noting substantial, and he could only pay the bills and not himself.
  • Colin used Facebook marketing which helped with the boost. He continued to do soft scaling for quite some time.
  • They used different channels to market so that they don’t solely depend on just Facebook alone.
  • They are launching other brands to stretch the LTV even further like selling candles as well.

Advice for someone wanting to scale or potentially exit a business. (48:13)

  • Colin’s biggest advice for anybody wanting to get started is to execute.
  • Don’t let the fact that you have zero experience stop you from doing what you want to do. Believe in yourself and in your abilities to move forward.
  • If you continue procrastinating you might end up regretting that you did not take initiative, simply execute what it is you want to do.

Redline Steel

Redline Steel is a customized decor manufacturing company inspired by design and relentless innovation to bring a level of quality unprecedented to what's been seen in home decor. They are proudly veteran owned and operated and 100% manufactured in the United States.

Resources

Connect with Colin: LinkedIn

Colin Wayne: Website

Redline Steel: Website

Beyond 8 Figures: Website

See omnystudio.com/listener for privacy information.

...more
View all episodesView all episodes
Download on the App Store

Beyond 8 FiguresBy A.J. Lawrence

  • 4.9
  • 4.9
  • 4.9
  • 4.9
  • 4.9

4.9

193 ratings


More shows like Beyond 8 Figures

View all
The Cardone Zone by Grant Cardone

The Cardone Zone

3,909 Listeners

REAL AF with Andy Frisella by Andy Frisella

REAL AF with Andy Frisella

401 Listeners

Built to Sell Radio by John Warrillow

Built to Sell Radio

212 Listeners

Founders by David Senra

Founders

2,169 Listeners

THE ED MYLETT SHOW by Ed Mylett | Cumulus Podcast Network

THE ED MYLETT SHOW

13,993 Listeners

Tom Bilyeu's Impact Theory by Impact Theory

Tom Bilyeu's Impact Theory

4,690 Listeners

Crime Junkie by Audiochuck

Crime Junkie

368,887 Listeners

My First Million by Hubspot Media

My First Million

2,649 Listeners

All-In with Chamath, Jason, Sacks & Friedberg by All-In Podcast, LLC

All-In with Chamath, Jason, Sacks & Friedberg

9,997 Listeners

The Long Game by Thomas Kopelman

The Long Game

67 Listeners

Masters in Small Business M&A by Peter Lehrman

Masters in Small Business M&A

14 Listeners