Colin Randall shares his experience working in real estate and explains how he quickly rose up the ranks right out of college to start selling million dollar homes within 3 months. He then tells the story of how he landed a billionaire real estate investor as a mentor and he shares the real estate investing lessons he learned working for him over the years. Colin then opens up about some of the biggest challenges and setbacks he faced and how, at his lowest point, he discovered that dressing well, wearing fashionable suits, and taking pride in his appearance had a powerful impact on re-building his self-confidence. He then talks about his major career pivot into producing music videos in Los Angeles. He explains the specific strategies and leverage points he used to quickly rise in the industry to start landing major studio contracts to produce music videos with 6-figure budgets for A-List musicians like The Back Street Boys, Pitbull, Enrique Iglesias and many others. He then explains how and why he decided to start traveling the world full time and running his business remotely. He shares the tactics for how he continues to run the video production business from different countries around the world, the unexpected benefits of doing so, and how he was able to 4X his income in his first year of being a full time digital nomad. Colin then talks about how he decided to start a second business selling fashionable men’s suits, including a charitable component that donates suits to homeless and other disadvantaged men, and shares how he even took the charitable component around the world with him as well. Full Show Notes at www.TheMaverickShow.com
Episode #28: Producing A-List Music Videos Remotely, Getting a Billionaire Real Estate Mentor, and the Transformative Impact of Men’s Suits with Colin Randall
Episode Summary
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About the Guest
Colin Randall
Colin Randall is a location-independent serial entrepreneur. He is the co-founder, owner and executive producer at Feed The Wolf, an LA based production company that creates music videos for some of the top artists in the world including Pitbull, Enrique Iglesias, The Backstreet Boys, and he even produced the World Cup video featuring Will Smith. Colin is also the founder and creative director of “To The Nines Menswear”, which offers made-to-measure suits that are responsibly manufactured, transparently priced and includes a charitable component called the “LA Suit Project” providing suits to homeless and other disadvantage men. Colin runs all his businesses and his charitable work remotely, and is currently traveling the world for a year with a group of 40 other Digital Nomads as part of the Remote Year program.
What You'll Learn
- Lessons from Colin’s Billionaire Real Estate Investing Mentor
- How to Rebuild Self-Confidence During Periods of Financial Duress
- How Colin Increased His Company Revenue 4X While Traveling The World
Links From the Episode
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BOOK COLIN RECOMMENDS
APP COLIN RECOMMENDS
OTHER MAVERICK SHOW INTERVIEW MENTIONED IN THIS EPISODE
LOCATION WHERE THE INTERVIEW TOOK PLACE
COLIN TOP 3 TRAVEL RECOMMENDATIONS
COLIN TOP 3 BUCKET LIST TRAVEL DESTINATIONS
OTHER PLACES MENTIONED:
Check Flight Prices to Any of These Destinations
COLIN’S TOP 5 HIP HOP MC’s OF ALL TIME
PERSON WITH WHOM COLIN WOULD MOST LIKE TO HAVE DINNER
OTHER PEOPLE MENTIONED IN THE EPISODE
CONTACT COLIN
Time Stamped Show Notes
[02:51] MATT AND COLIN REFLECT ON SPEAKING AT THE SXSW CONFERENCE
[05:11] HOW MATT AND COLIN MET
- Bumping into each other in Barcelona
- Spending 5 weeks in Kyoto
- Discovering common experiences
- Speaking at SXSW together
[08:51] COLIN’S REAL ESTATE BACKGROUND SHOWING MILLION DOLLAR LISTINGS
- Showing million dollar properties in his first 3 months in real estate
- The importance of appearance and dressing well
- Creative strategies for closing million dollar properties
- Deciding to move from Chicago to Los Angeles
[15:02] LANDING A BILLIONAIRE REAL ESTATE INVESTOR AS A MENTOR
- Getting into investment real estate
- Learning the commercial real estate game
- The importance of buying cash-flowing rental properties in out-of-state markets
- Becoming head of acquisitions and controlling a $50 million bank account
- Learning how to build, run and manage a business.
- Learning the importance of delegation
[22:00] BUILDING A VIDEO PRODUCTION BUSINESS IN LA
- Partnering with his brother to build a video production company on the side
- Landing bigger clients after 2 years
- The massive setback that almost sunk the business
[28:16] REBUILDING SELF CONFIDENCE FROM AN ALL-TIME FINANCIAL LOW POINT
- Being in a financial low-point and driving a car with no dashboard for a year
- The role of fashion and appearance in rebuilding self confidence
- How Colin intentionally created a feedback loop to re-build confidence
[32:46] REBUILDING THE VIDEO PRODUCTION COMPANY AFTER A BIG SETBACK
- How video production companies really get business
- The difference between hip hop and the rest of the music world
- How to make a $20,000 project look like a $50,000 project
- How reinvestment, over-delivery, and creativity were keys to accelerating growth
[39:16] INCREASING ANNUAL REVENUE 4X WHILE TRAVELING THE WORLD
- Dreaming of world travel and location independence for years
- Overcoming the fear of client objections and delegation
- Adjusting business roles to enable location independence
- Boosting confidence and standing up for fees
- Creating a 4x increase in annual revenue while traveling
[44:22] HOW COLIN RUNS “FEED THE WOLF” REMOTELY FROM AROUND THE WORLD
- How Colin manages his team remotely and communicates across time zones
- Finding the right team members to execute the deliverables
- Delegating authority to the team to resolve problems on set themselves
- Unexpected business benefits of traveling the world and being location independent
[47:38] FOUNDING “TO THE NINES” MENSWEAR
- The meaning and significance of fashion in Colin’s life
- Colin’s choice to build made-to-measure men’s suit company
- Developing a unique fashion style and value proposition
[52:25] SUITING DISADVANTAGED MEN WHILE TRAVELING THE WORLD
[56:10] MANAGING STRESS AND OPTIMIZING PRODUCTIVITY
- Colin’s meditation and exercise routines
- Dividing time between creative work and managerial work
[59:05] PERSONAL GROWTH THROUGH TRAVEL
- Meeting people with different measures of ‘success’ and ‘happiness’
- Being grateful and finding joy in small things
[101:30] THE LIGHTNING ROUND
- Colin’s #1 Book Recommendation
- Colin’s #1 App Recommendation
- Colin’s Top 5 Hip Hop Artists
- The Person With Whom Colin Would Most Like to Have Dinner
- Colin’s Top 3 Favorite Travel Destinations
- Colin’s Top 3 Bucket List Destinations
