You’ll notice along the entrepreneurs’ journey that many people will come and go in your life; be grateful and thankful to each and every person who’s either helped you or wronged you! Both types of people have ultimately led you to learn valuable lessons and shaped the person you are today. I grew up resenting how many people did me wrong until I realized that they in fact helped me avoid potentially even worse consequences down the line!
I had the pleasure of interviewing Roy Taylor, a serial entrepreneur who earned his fortune in cryptocurrency in 2018 after investing in Fall of ’17. He took that opportunity to diversify his portfolio by investing in multiple companies based around his interests, including a custom shoe company that has made shoes for celebrities such as Lebron James, Tekashi 6ix9ine, and DRIV3, a Los-Angeles based Exotic Car rental business with a fleet over 25 cars.
Thank you so much for joining us! Can you tell us a story about what brought you to this specific career path?
Initially, I picked up digital marketing, branding, and networking while studying in college, as base skills to build my foundation as an entrepreneur. After starting widely varying companies both online and offline, I gravitated towards cryptocurrency as “the next wave” of digital technology. Luckily, I was hired by a friend to build an online platform- with the exception that I get paid only in bitcoin… that was the turning point for my career, as bitcoin soared to $20,000 a coin. Since then, I’ve reinvested my earnings into new companies that show promise in scaling them!
Can you share the most interesting story that happened to you since you started investing in your companies?
I can say one thing for certain- learning from my mentor about earning multiple residuals from different companies absolutely changed my life! Imagine learning that you can sell other companies products, earn a few grand in commissions from each one, and make around ten to thirty grand per month doing so? I took that lesson one step further, by choosing businesses I genuinely wanted to see win, and investing in them for part-ownership! I like to call that “Life By Design”.
Can you share a story about the funniest mistake you made when you were first starting? Can you tell us what lesson you learned from that?
Here’s a funny and also pretty sad story… when I started earning commissions from different companies, I hardly negotiated a good deal for myself! I settled on 10% when in reality most companies are willing to give up to 50, 60, and 70% commissions for your sale! Now, I negotiate my commissions and even look for more ways I can provide value to the business- sometimes they are willing to bargain even more.
What do you think makes your company stand out?
My biggest investment currently is DRIV3, an exotic car rental business based in Los Angeles. As with every luxury company, what stands out most about DRIV3 is the experience we provide to our clients. When dealing with high-end clients, it’s important to make sure their rental is much more than just a rental! We go out of our way to pick clients up from the airport, drop them off, recommend events, and go above and beyond for our regular clients!
Which tips would you recommend to your colleagues in your industry to help them to thrive and not “burn out”?
Burning out isn’t a joke- I’ve seen many many digital entrepreneurs try to sprint their way towards 7-figures, burn out at 6-figures, and quit. Staying lit starts with your environment; surround yourself with high energy people who are constantly pushing you to get better! We all have our ups and downs, but being around a group of high achievers keeps everyone on their toes. Furthermore, burning out stems from not giving yourself a break! Stop spending your money on liabilities and start spending it on experiences- particularly those that get you out of that stressful zone!
None of us are able to achieve success without some help along the way. Is there a particular person who you are grateful towards who helped get you to where you are?
You’ll notice along the entrepreneurs journey that many people will come and go in your life; be grateful and thankful to each and every person who’s either helped you or wronged you! Both types of people have ultimately led you to learn valuable lessons and shaped the person you are today. I grew up resenting how many people did me wrong until I realized that they in fact helped me avoid potentially even worse consequences down the line!
How have you used your success to bring goodness to the world?
My main goal is to educate as many people around me as possible. Education is the foundation of an intellectual, powerful, and happy individual. If I can just help 1,000,000 people in my career apply some aspect of my teachings, I will be completely fulfilled!
What are your “5 things I wish someone told me before I started my company” and why?
- You don’t have to build your own business- leverage other business’s products and earn commissions. Less liability, a profit-ready vehicle, and a good product will set you ahead.
- Intent on starting a business? Do some research on your competitors, what features they offer, and their pricing- then, find a better feature and market that!
- Have a nice website! Or even better, have an app! It’s almost 2019, and your competitors are dying for good apps! Websites can set you apart from the crowd and provide your customers a better experience.
- Leverage social media and don’t be afraid to use paid advertising on facebook, linkedin, and other major platforms. And, build an email list- seriously.
- Embrace failure. “Every adversity, every failure, every heartache carries with it the seed of an equal or greater benefit.” — Napoleon Hill
You are a person of great influence. If you could start a movement that would bring the most amount of good to the most amount of people, what would that be? You never know what your idea can trigger. 🙂
I’ve just started a new movement called “Life By Design”- focused on applying the lessons I’ve learned over the past 12 months and literally designing their life around the interests that fit them most! I’ve found a few vehicles that anyone can plug into to build their wealth, health, and happiness, and give them a community of like-minded individuals. If you’re interested register for the pre-launch at www.LiveLifeByDesign.co!
How can our readers follow you on social media?
I’m most active on Instagram and Facebook! Find me on instagram at @roytvylor, and similarly on Facebook by searching “Roy Taylor”.
This was very inspiring. Thank you so much for joining us!