Building More Income Streams During COVID-19 Shutdowns with Ralphie Martinez
Listen now
Description
No business has had a tougher time this year than physical-based businesses, and that is certainly the case for our guest, Ralphie Martinez. Ralphie owns Martinez Elite Fitness in Northern California, and was just reaching his business’s peak when COVID-19 started to spread, rendering his business closed until further notice.  Ralphie is the definition of someone with an entrepreneur’s mentality. He was working a 9-5 job when he opened up his garage gym for friends to work out in. Friends would invite other friends, and before he knew it, he was teaching a class before going to his full time job, then coming home and teaching two more classes.  Like so many entrepreneurs, Ralphie turned his passion into something that not only helped other people, but made money. For the past 6 years, Martinez Elite Fitness has been a local success, gaining more and more members every year.  Even in an unprecedented time like 2020, Ralphie has found ways to keep his business going, regardless of shutdowns, curfews, and other roadblocks. Having a positive attitude, the support of his partner and family, and a strong community has helped him and his business stay fighting. In This Episode We Cover:How to harness your passion and turn it into a businessThe importance of having a partner who will push you to follow your dreamsWhy referral and word-of-mouth marketing is a very powerful toolKnowing the “why” behind running your business (outside of making money)Why you’ll need to think creatively when reality is working against youFinding other streams of income even when your business may be slowThe importance of quality time with family, especially during high-stress and uncertaintyAnd So Much More!Links from the ShowBiggerPocketsTaco Daddy'sConcept 2Deuce GymEric ThomasGary VaynerchukNot Not TacosSam the Cooking GuyCheck the full show notes here: https://www.biggerpockets.com/bizshow85
More Episodes
Published 04/27/21
Successful business owners are addicted to building businesses, sometimes to their folly. For someone like Codie Sanchez, this isn’t a problem, but a superpower. Codie is a journalist, a venture capital partner, an angel investor, and an entrepreneur. She loves, as she puts it, “building herself...
Published 04/27/21
It’s hard for real estate investors to get started, especially without a mentor, a background in real estate, or an existing network. Many of those interested in buying profitable, cash-flowing real estate are busy with their 9-5 job or even running their own business. This was at least the case...
Published 04/20/21