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Nathan Latka
What if you knew data behind the fastest growing SaaS companies today? Each morning join Nathan Latka as he spends 15 minutes interviewing SaaS founders. You'll learn how SaaS CEO's launched their startup and grew it into a real SaaS business. SaaS Founders range from bootstrapped to funded, MVP to 10,000 customers, pre revenue to pre IPO.
He Got 5000 Customers In Weird Way with Kevin Wilke Ep 5
Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at NathanLatka.com/TheTop
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at NathanLatka.com/TheTop
17:1325/02/2016
From Student to $10m Entrepreneur with Nick Kneuper of Electric Threads Ep 4
Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at NathanLatka.com/TheTop
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at NathanLatka.com/TheTop
20:0325/02/2016
Under 30, Made $5m, Tells Me He Loves Me Dane Maxwell Ep 2
Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at NathanLatka.com/TheTop
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at NathanLatka.com/TheTop
24:0624/02/2016
How To Build App Worth $10m With 3 Million Users with Ida Tin of Clue EP 154
Ep 154 features Ida Tin , who’s the co-founder and CEO of Clue, the world’s fastest growing period tracking and fertility application.
Ida Tin is the co-founder and CEO of Clue, a digital female health company based in Berlin, Germany whose Clue app is acclaimed as the most streamlined, user-friendly menstrual cycle tracking app available. Born in Copenhagen, Ida graduated from Denmark’s prestigious creative business school, KaosPilots. A lifelong entrepreneur, she previously led motorcycle tours around the world and published a book about her experience, “Direktøs” which became a Danish bestseller.
YOUR $100: Remember to subscribe to the show on itunes then text the word "nathan" to 33444 to confirm that you've done it to enter to win $100 every Monday on the show. Do this now. Stop reading this and do it!
Click here to join the top tribe and instantly learn how Nathan made his first $10k at 19 years old: http://nathanlatka.com/startertribelive
Top Entrepreneurs join Nathan Latka daily inspired by, Art of Charm, Pat Flynn, John Dumas, Entrepreneur on Fire, Chalene Johnson, Lewis Howes, School of Greatness, HBR Podcast, the StartUp podcast, Mixergy, Andrew Warner, AskGaryVee, and the great hosts of BiggerPockets!
3 Key Points:
Working in several different fields fosters unexpected skills that become useful in other occupations and ventures.
Clue was made because nobody had come up with a modern and data-driven innovation to help women manage their reproductive health.
Don’t let your age be an obstacle to your plans. Every age has unique strengths that can be utilized immediately.
Time Stamped Show Notes:
01:00 – Nathan’s introduction to today’s show
01:41 – Ida joins the show
01:41 – Clue doesn’t generate revenue right now, the company is focused on growth.
02:24 – Clue’s raised about 10 million from Union Square Ventures and other investors.
03:09 – Before working on Clue, Ida had a jewelry startup in London and also ran a motorcycle touring company.
03:45 – Despite working in seemingly unrelated fields, Ida’s found that her eclectic experiences help her with current ventures.
04:42 – Clue was made because nobody had come up with a modern and data-driven innovation to help women manage their reproductive health.
05:48 – The company was founded by five people – they were funded 50K euros by investors in the beginning.
08:59 – Clue is approaching 3 million active users (using the app at least once a month).
11:20 – Luckily since Clue has several investors, they’re able to put off creating a revenue channel, while growing their user base.
12:24 – Clue currently has 24 employees.
13:42 – Famous Five
Resources Mentioned:
Growth Geeks – The way Nathan hires growth hackers on a per project basis for things like info graphics, blog posts, and other growth projects
Clue – Ida’s period tracking and fertility app.
@idatin – Ida’s twitter.
LinkedIn – Ida’s LinkedIn.
CrunchBase – Ida’s CrunchBase
Hard Things About Hard Things – Book Ida stands by
Slack – Online tool Ida likes
Pocket – another online tool
Trello – Another online tool
Famous 5
Favorite Book?— Hard Things About Hard Things by Ben Horowitz
What CEO do you follow?— Vanessa Lee Bush
What is your favorite online tool?— Slack, Pocket, Trello
Do you get 8 hours of sleep?— More or less
If you could let your 20 year old self know one thing, what would it be?— Each age has their unique strengths, go full force with your creative energy regardless of how old you are.
Credits
Show Notes provided by Mallard Creatives
Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop
17:4123/02/2016
How do You Sell for $90m with NO REVENUE?! EP 167
Ep 167 Eran Eyal, the CEO and founder at Springleap, a marketplace of 180K advertising agency experts. Listen as Nathan and Eran talk about the latter’s extensive experiences as an entrepreneur and the valuation of SAAS businesses.
YOUR $100: Remember to subscribe to the show on itunes then text the word "nathan" to 33444 to confirm that you've done it to enter to win $100 every Monday on the show. Do this now. Stop reading this and do it!
Click here to join the top tribe and instantly learn how Nathan made his first $10k at 19 years old: bit.ly/1SynoAg
Top Entrepreneurs join Nathan Latka daily inspired by, Art of Charm, Pat Flynn, John Dumas, Entrepreneur on Fire, Chalene Johnson, Lewis Howes, School of Greatness, HBR Podcast, the StartUp podcast, Mixergy, Andrew Warner, AskGaryVee, and the great hosts of BiggerPockets!
3 Key Points:
The valuation of a SAAS model business may not necessarily be only evaluated on a multiplier. There are a variety of factors that can influence its value.
It can be prudent to start small as an inexperienced entrepreneur – E-Squared, Eran’s clothing and coffee based retail business was a labor of love and learning.
By building and integrating a successful marketplace into his crowdsourcing drag-and-drop business, Eran was able to increase its value.
Time Stamped Show Notes:
01:00 – Nathan’s introduction to today’s show.
01:34 – Eran joins the show.
02:20 – Eran describes his time with E-Squared, an apparel and coffee based retail business.
03:51 – E-Squared started in 2006 and was sold in 2008.
04:34 – The business had two locations and didn’t produce a massive exit. 3-4X in topline revenue.
05:31 – Eran describes his second business which relied on crowdsourcing.
09:00 – Initially the drag-and-drop crowdsourcing software wasn’t SAAS based. But it quickly switched because clients preferred paying a SAAS model.
10:11 – At its peak, the crowdsourcing business had about 37 large customers and several small ones.
10:36 – The highest MR (marginal revenue) for the crowdsourcing business was about 250K a month.
11:45 – One of Eran’s strengths is building a successful marketplace, a skill that helped him strengthen his drag-and-drop crowdsourcing business.
12:29 – Nathan and Eran discuss tying the valuation of a SAAS business to annual recurring revenue.
13:37 – Eran gives an example of why a MRR SAAS based business shouldn’t be valuated with only a multiplier.
14:35 – 7X to 10X is a good multiplier on ARR (annual recurring revenue) for a SAAS based business being sold, but it hinges on a variety of factors.
15:43 – While Nathan believes that anything other than the multiplier is only speculation, Eran believes that the speculation affects valuation significantly.
16:01 – Eran explains/defends his stance on speculation’s impact on valuation.
18:05 – Eran will be back on the show to talk more about Springleap. No Famous Five for this episode.
Resources Mentioned:
Growth Geeks – The way Nathan hires growth hackers on a per project basis for things like info graphics, blog posts, and other growth projects
Edgar – A tool Nathan uses to add pieces of content to a library and automate content distribution on media platforms.
Springleap – Eran’s business
@EranEyal – Eran’s twitter
Clarity – Eran’s Clarity
[email protected] – Eran’s email
LinkedIn – Frank’s LinkedIn
Crunchbase – Springleap, Eran’s current business
Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop
21:2723/02/2016
Why We Turned Down a $35 Milllion Acquisition Offer With Russell Brunson of ClickFunnels
Ep 137 Russell Brunson joins Nathan.
Russell Brunson is a trail blazer in the world of internet marketing, becoming most famous for his sophisticated use of split testing. Russell started his first business while studying at University, selling over a million dollars’ worth of his own products and services from his own basement by the time he graduated. Since then, he has started and built diverse businesses including software company ClickFunnels and coaching company DotComSecrets.
YOUR $100: Remember to subscribe to the show on itunes then text the word "nathan" to 33444 to confirm that you've done it to enter to win $100 every Monday on the show. Do this now. Stop reading this and do it!
Click here to join the top tribe and instantly learn how Nathan made his first $10k at 19 years old: http://nathanlatka.com/startertribelive
3 Key Points:
You can create an astoundingly profitable consulting business by providing a bridge between software and the concept behind the software
When you go the VC route, your board members become your customers and the REAL customers are the ones who lose out.
If the goose is laying the golden egg—don’t tinker.
Episode Notes:
01:00 – Nathan’s introduction to today’s show
01:35 – Russell joins the show
01:46 – Russell talks about what he was selling in college—POTATO GUNS
02:15 – Russell is 35 years old
02:35 – Dot Com Secrets is Russell’s coaching company—ClickFunnelsis the result
03:39 – Dot Com Secrets is also a book now
04:04 – The company (DCS not CF) will do between $6-7 million by the end of the year
04:20 – Most ClickFunnels members ultimately become consulting clients in one way or another
04:55 – Bridging the gap between the software and the concept
06:13 – The call-to-action in Russell’s book
07:20 – 18% of ClickFunnel customers pay $300 a month—everyone else pays $100
08:08 – Defying the venture capital route
09:13 – Defining the ultimate goal with ClickFunnels
11:16 – Ironing out the equity split
11:29 – Russell sank over $1,000,000 to get Click Funnels off the ground
13:10 – It’s not always about what your partner’s bring—it’s about how much you respect them
14:20 – Customer acquisition cost
15:05 – 80% of new clients are organic, 20% are from affiliates
18:30 – Click Funnels list is ½ million people
18:45 – Famous Five
Related: Want to learn how to go from $0-$10k/mo in revenue fast? Join Nathan live on the Starter Tribe Beta free workshop.
Famous 5
Favorite Book?—Rework
What CEO do you follow?— None
What is your favorite online tool?—Tomorrow.do
Do you get 8 hours of sleep?— No
If you could let your 20 year old self know one thing, what would it be?—Understand the power of working for people for FREE
Resources Mentioned:
Growth Geeks – The way Nathan hires growth hackers on a per project basis for things like info graphics, blog posts, and other growth projects
ClickFunnels – Russell’s newest company
Dot Com Secrets – Russell’s consulting company
Dot Com Secrets – Russell’s book
Rework – Russell’s favorite business book
Tomorrow.do – THE digital tool Russell could not live without
Want to learn how to go from $0-$10k/mo in revenue fast? Join Nathan live on the Starter Tribe Beta free workshop.
Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe athttp://NathanLatka.com/TheTop
21:3217/02/2016
This is The Worlds Most Influential, Powerful Investor with Tim Draper of DFJ Venture (Timothy Draper)
Ep 129 Tim Draper of DFJ Venture (Timothy Draper) joins Nathan.
Tim Draper was a founding partner of Draper Associates and DFJ. He has raised ten core funds totaling more than $10 BILLION, hired and led a team of partners, invested in hundreds of earlystage private companies, including Baidu, Tesla, Hotmail, Skype, Parametric Technology, Digidesign, TwitchTV, Theranos and Overture. He has extended his reach through the building of the Draper Venture Network with 14 funds covering 30 cities around the world, through the creation of Draper University, a school and ecosystem dedicated to preparing entrepreneurs, and through building a high-profile brand to generate deal flow.
YOUR $100: Remember to subscribe to the show on itunes then text the word "nathan" to 33444 to confirm that you've done it to enter to win $100 every Monday on the show. Do this now. Stop reading this and do it!
Click here to join the top tribe and instantly learn how Nathan made his first $10k at 19 years old: http://nathanlatka.com/startertribelive
3 Key Points:
Entrepreneurs need to be comfortable with changing rules
California is falling behind in business, education. Division of the state would improve results.
Viral marketing is a good thing.
Episode Notes:
00:58 – Nathan’s introduction to today’s show
01:43 – Skype investment – Tim was in the first Skype video call, his username is ‘Tim’
02:52 – Skype investment less than $10 million. Sold for $4 billion to ebay
04:08 – Size of funds usually around $400 million. Network is in 36 cities around the world
06:10 – ABC reality show Startup U
07:25 – Changing volleyball rules on Startup U / encouraging freedom at Draper University
10:18 – Invested in Tesla early prior to Elon Musk’s involvement
10:59 – Tim’s different processes for finding new investment opportunities
12:10 – Elon was an investor in Tesla prior to taking control
13:19 – Tim’s ties
13:43 – Six California’s – the rationale
16:50 – Doesn’t believe he would be a good political candidate
17:13 – ‘Get your free email at Hotmail’ – first viral marketing
19:37 – The Famous Five
Resources Mentioned:
Growth Geeks – The way Nathan hires growth hackers on a per project basis for things like info graphics, blog posts, and other growth projects.
Draper Associates
DFJ
Startup U
Draper University
Draper Venture Network
Famous 5
Favorite Book?— The Startup Game by William Draper
What CEO do you follow? — All of them. Elon Musk, Robin Li (Baidu), Elizabeth Holmes (Theranos).
Do you get 8 hours of sleep? — No
If you could let your 20-year-old self know one thing, what would it be? – Stick to your intuition.
Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop
23:1909/02/2016
Is He The Worlds Youngest, And Smartest Investor with Aaron Fifield
Ep 179 Aaron Fifield, the host of the podcast Chat with Traders. Listen as Nathan and Aaron talk about trading and what makes a podcast attractive to listeners.
YOUR $100: Remember to subscribe to the show on itunes then text the word "nathan" to 33444 to confirm that you've done it to enter to win $100 every Monday on the show. Do this now. Stop reading this and do it!
Click here to join the top tribe and instantly learn how Nathan made his first $10k at 19 years old: bit.ly/1SynoAg
Top Entrepreneurs join Nathan Latka daily inspired by, Art of Charm, Pat Flynn, John Dumas, Entrepreneur on Fire, Chalene Johnson, Lewis Howes, School of Greatness, HBR Podcast, the StartUp podcast, Mixergy, Andrew Warner, AskGaryVee, and the great hosts of BiggerPockets!
Bio Aaron Fifield is the host of Chat with Traders a podcast focusing on weekly interviews with profitable traders. He also runs his own graphics and web design company.
3 Key Points:
Before monetizing a product or service, often times it’s beneficial to grow your list and become better known.
Qualities that attract listeners to a podcast are the inclusion of well-known guests, consistency, and being active on social media platforms.
If you want to be something, spend your time around people who already are. To be an engineer, spend time with engineers.
Time Stamped Show Notes:
01:00 – Nathan’s introduction to today’s show
01:22 – Aaron joins the show.
02:05 – Aaron made his first thousand dollars when he started his graphics and web design company.
03:32 – Chat with Traders began with Aaron’s desire to spend more time with traders.
05:30 – Movies make trading look more glamorous than it really is.
06:35 – Aaron’s main revenue stream comes from his podcast Chat with Traders which hasn’t been monetized - only publicized.
07:20 – Chat with Traders started about a year ago and releases once a week. They reached about 90K downloads in a recent month and have about 627K cumulative downloads.
07:57 – Featuring prolific or famous guests attract listeners to the podcast, but convincing them to come on air requires perseverance.
08:26 – Being active on a couple social media platforms and being consistent with publishing schedule are also important to getting listeners.
10:08 – Aaron gives an example pitch to direct listeners to his podcast.
10:33 – Chat with Traders has 5,800 subscribers, Aaron’s focus is growing the list through 2016.
10:58 – Aaron makes some revenue from graphics and web design. He makes a couple hundred bucks from his podcast per month.
13:31 – Famous Five
Famous 5
Favorite Book?- Rich Dad Poor Dad and The 48 Laws of Power
What CEO do you follow?— com
What is your favorite online tool?— Trello and Slack
Do you get 8 hours of sleep?— No, but he keeps in mind that ‘the morning starts the night before.’
If you could let your 20 year old self know one thing, what would it be?— Start trading early. Don’t start a purely service based business. Get into the habit of outsourcing more.
Resources Mentioned:
Edgar – Nathan uses Edgar instead of other scheduling tools for Twitter because Edgar cycles through content over and over (buffer/others you have to re-input content over and over – time consuming). In the last several months, Edgar has driven Nathan over 3728 clicks that he didn’t have to work or pay for.
@chatwithtraders – Aaron’s Twitter
LinkedIn – Aaron Fifield
Chat With Traders – Aaron’s podcast
Trello and Slack – Aaron’s favorite online tools
com – Website Aaron keeps up with.
Rich Dad Poor Dad and The 48 Laws of Power – Aaron’s favorite business books
Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop
17:3108/02/2016
People Hire Him Behind The Scenes to Launch Their Crowdfunding Campaigns, $40m Raised with Zach Smith of Funded Today
Ep 178 Zach Smith, the cofounder and CEO of Funded Today, the world’s leading crowdfunding agency. Listen as Nathan and Zach talk about how to grow a list and what makes a crowdfunding project successful.
YOUR $100: Remember to subscribe to the show on itunes then text the word "nathan" to 33444 to confirm that you've done it to enter to win $100 every Monday on the show. Do this now. Stop reading this and do it!
Click here to join the top tribe and instantly learn how Nathan made his first $10k at 19 years old: bit.ly/1SynoAg
Top Entrepreneurs join Nathan Latka daily inspired by, Art of Charm, Pat Flynn, John Dumas, Entrepreneur on Fire, Chalene Johnson, Lewis Howes, School of Greatness, HBR Podcast, the StartUp podcast, Mixergy, Andrew Warner, AskGaryVee, and the great hosts of BiggerPockets!
3 Key Points:
In order to back campaigns that will a nearly guarantee a return, Funded Today utilizes its massive email list to gauge interest and calculate projections for project candidates.
Ubiquitous products that are used widely with an interesting backing story are qualities of a project that would perform well in crowdsourcing.
Social media customer acquisition channels are invaluable for growing a list. Zach believes that Instagram in particular is the next big thing.
Time Stamped Show Notes:
01:00 – Nathan’s introduction to today’s show
01:24 – Zach joins the show.
02:43 – Funded Today built a big list months in advance before launch.
03:31 – RooSport 2, attachable magnetic running wallet.
04:41 – Funded Today built its list for about 10 to 65 cents a click. With about a 30% opt-in rate.
05:33 – Zach’s favorite customer acquisition channels are Facebook, Instagram, and Pinterest.
06:36 – RooSport 2 spent about 10-15K to build their list through various means. They raised 50K for the product in the first ten days of launch.
08:22 – Funded Today makes money by taking a percentage of all the money raised.
11:49 – They take about 35% of total sales as commission.
13:21 – In order to know which campaigns to back safely, the Funded Today runs a testing period during which they find statistical significance from their list and project growth.
14:09 – Another advantage of using Funded Today’s services is they’re well connected in the crowdsourcing industry.
14:29 – Funded Today has 31 employees and a list of over one million emails.
14:57 – The business made about 8 million in 2015, aiming for 16 million in 2016.
15:32 – Zach’s ideal client is someone who understands the factors that go into running a successful crowdsourcing campaign.
15:54 – Some factors for a successful campaign are: ubiquity, techie-cool, story-exciting.
17:10 – Genuine stories behind crowdsourcing campaigns seem to have greater success.
20:34 – Famous Five
Resources Mentioned:
Edgar – Nathan uses Edgar instead of other scheduling tools for Twitter because Edgar cycles through content over and over (buffer/others you have to re-input content over and over – time consuming). In the last several months, Edgar has driven Nathan over 3728 clicks that he didn’t have to work or pay for. Here isNathan’s Edgar Content Calendar:
Funded Today – Zach’s business
@tweetzachsmith – Zach’s Twitter
Google Drive and Skype – Zach’s favorite online tools
David and Goliath by Malcom Gladwell – Zach’s favorite business books
Elon Musk – CEO Zach follows
Bio Zach Smith is the cofounder and CEO of Funded Today, the world’s leading crowdfunding agency. The business has raised over 40 million dollars and counting for over 300 campaigns for Kickstarter and Indiegogo.
Famous 5
Favorite Book?- David and Goliath by Malcom Gladwell
What CEO do you follow?— Elon Musk
What is your favorite online tool?— Google Drive and Skype
Do you get 8 hours of sleep?— Yes
If you could let your 20 year old self know one thing, what would it be?— You can learn much on your own, find a mentor and try to learn as much as possible from them.
Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop
24:0808/02/2016
Nathan Records Negotiation With Seller, Should He Sell Heyo or Not?
Ep 177, Nathan talks more about selling his business Heyo and brings on Jim Risner of Votigo to talk about what makes Heyo desirable. Listen as Nathan comes to a decision regarding a dream he’s had since college – selling a business before the age of 30.
YOUR $100: Remember to subscribe to the show on itunes then text the word "nathan" to 33444 to confirm that you've done it to enter to win $100 every Monday on the show. Do this now. Stop reading this and do it!
Click here to join the top tribe and instantly learn how Nathan made his first $10k at 19 years old: bit.ly/1SynoAg
Top Entrepreneurs join Nathan Latka daily inspired by, Art of Charm, Pat Flynn, John Dumas, Entrepreneur on Fire, Chalene Johnson, Lewis Howes, School of Greatness, HBR Podcast, the StartUp podcast, Mixergy, Andrew Warner, AskGaryVee, and the great hosts of BiggerPockets!
3 Key Points:
Offers to buy a business may be a ploy to gain information by competitors. Often it’s prudent to hold off on any announcements before seeing a contract.
LOI’s aren’t created equally. Some of them are offers of pure cash while others include other things like stock in a publicly traded company.
Even after a signed LOI, many deals fall through. Due diligence is required for the actual exchange of money for a company.
Time Stamped Show Notes:
01:00 – If you haven’t caught up already, one of Nathan’s biggest competitors has offered to buy Heyo.
01:26 – One concern is that the offer may not be serious, only a ploy for information.
01:51 – Ken Armijo calls in to offer advice: before taking the buyers seriously, wait until they produce a contract.
03:02 – Nathan plans to obtain LOI’s (Letter of Intent) from companies that might be interested in buying Heyo and leveraging competition to raise its price.
03:17 – Another Top Tribe listener weighs in on what Nathan should do with the company.
04:36 – Nathan called CEO’s to talk about Heyo’s desirability so he could better understand its selling points.
05:06 – Nathan talks with Jim Risner of Votigo, one of Heyo’s main competitors in the SMB space (Small Business Space) about obtaining a LOI (Letter of Intent).
05:51 – With one LOI in hand from Jim, Nathan began emailing other CEO’s to gauge other interest in Heyo. He obtained four LOI’s from interested companies.
06:30 – The LOI’s weren’t created equally – some of them are pure cash and others include stock in a publicly traded company.
07:27 – Jim Risner talks about Votigo and why they would want to acquire Heyo.
09:10 – Votigo’s been thinking about entering Heyo’s space for a while, expanding into the SMB market. Buying the company would be a big head start into the space.
10:21 – Bethany London calls in to express her thoughts that selling Heyo, a long-time dream of Nathan’s, might not be all that it’s cracked up to be.
11:34 – One of Nathan’s friends from Virginia Tech’s Pamplin School of Business offers his thoughts that Nathan may have outgrown Heyo.
13:58 – Nathan signed the LOI - he’s selling Heyo.
14:22 – Many deals fall through even after a signed LOI.
15:21 – Tune in next Monday to find out what happens. And also, call in to express your thoughts @ com/talk
Resources Mentioned:
Edgar – Nathan uses Edgar instead of other scheduling tools for Twitter because Edgar cycles through content over and over (buffer/others you have to re-input content over and over – time consuming). In the last several months, Edgar has driven Nathan over 3728 clicks that he didn’t have to work or pay for.
Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe athttp://NathanLatka.com/TheTop
15:4008/02/2016
His company has lended $400m via unique canadian model with Jeff Goldenberg
Ep 176 Jeff Goldenberg, the head of growth at Borrowell a leading Canadian online marketplace lender. Listen as Nathan and Jeff talk about the concept of Engineering as Marketing and the trickiness of growing a loan related business.
YOUR $100: Remember to subscribe to the show on itunes then text the word "nathan" to 33444 to confirm that you've done it to enter to win $100 every Monday on the show. Do this now. Stop reading this and do it!
Click here to join the top tribe and instantly learn how Nathan made his first $10k at 19 years old: bit.ly/1SynoAg
Top Entrepreneurs join Nathan Latka daily inspired by, Art of Charm, Pat Flynn, John Dumas, Entrepreneur on Fire, Chalene Johnson, Lewis Howes, School of Greatness, HBR Podcast, the StartUp podcast, Mixergy, Andrew Warner, AskGaryVee, and the great hosts of BiggerPockets!
3 Key Points:
Engineering as Marketing is a concept in which a service or product is provided for free and in turn is used as a lead generator.
Borrowell keeps the loans it processes off its books as it’s only a marketplace for buying and selling loans – not processing the loans themselves.
Like in the case of Borrowell, growing a business is never straightforward – Burrowell has to examine all its loans carefully so they don’t pay the price.
Time Stamped Show Notes:
01:00 – Nathan’s introduction to today’s show
01:40 – Jeff joins the show.
01:50 – Borrowell is a marketplace lender. They offer online loans to high credit Canadians.
03:37 – Customer acquisition cost is Burrowell’s key metric when measuring their progress.
04:42 – Borrowell isn’t bootstrapped – they’ve raised 5.4 million by the end of last year.
05:31 – Jeff talks about loan capital and equity in Borrowell.
06:22 – Borrowell is only a marketplace in which people buy and sell loans. Investors such as banks provide loan capital.
08:46 – Growth is tricky because Borrowell doesn’t want to process unreliable loans quickly that might sink them in the future.
09:36 – Jeff is available on Twitter: @jeff_goldenberg.
10:05 – Borrowell is closing in on half a billion loan applications in Canada.
11:04 – Jeff’s favorite growth tool is known as Engineering as Marketing. Which is when a service or product is made free and used as a lead generator. (Dropbox, Hubspot)
13:00 – Borrowell takes a percentage of each loan between 1-5%.
14:51 – They are raising below 20 million in a Series A.
16:53 – Famous Five
Resources Mentioned:
Edgar – Nathan uses Edgar instead of other scheduling tools for Twitter because Edgar cycles through content over and over (buffer/others you have to re-input content over and over – time consuming). In the last several months, Edgar has driven Nathan over 3728 clicks that he didn’t have to work or pay for. Here isNathan’s Edgar Content Calendar:
Growth Hacker’s Guide to The Galaxy – Growth hacks for the Digital Marketer
@jeff_goldenberg – Jeff’s Twitter
LinkedIn – Jeff’s LinkedIn
Zapier – Jeff’s favorite online tool
Traction and Choose Yourself – Jeff’s favorite business books
Elon Musk – CEO Jeff follows
Bio Jeff Goldenberg is the Head of Growth at Borrowell, a leading Canadian online marketplace lender. He is a sought after expert and speaker in the areas of digital marketing, growth hacking and business development for innovative, high-growth companies. He is an Entrepreneur-in-Residence at MaRS Discovery District as well as a mentor at the TechStars/Startup Next accelerator.
Famous 5
Favorite Book?- Traction and Choose Yourself
What CEO do you follow?— Elon Musk
What is your favorite online tool?— Zapier
Do you get 8 hours of sleep?— Yes
If you could let your 20 year old self know one thing, what would it be?— You don’t have to jump on a concept with two feet – you can test the waters first.
Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop
21:0507/02/2016
He did $900m in sales last year on something you touch every day with Allon Bloch of Vroom
Ep 175 Allon Bloch, the CEO of Vroom, the largest online car retailer in the U.S. Listen as Nathan and Allon talk about how Vroom grew to an almost billion dollar business in a span of only three years.
YOUR $100: Remember to subscribe to the show on itunes then text the word "nathan" to 33444 to confirm that you've done it to enter to win $100 every Monday on the show. Do this now. Stop reading this and do it!
Click here to join the top tribe and instantly learn how Nathan made his first $10k at 19 years old: bit.ly/1SynoAg
Top Entrepreneurs join Nathan Latka daily inspired by, Art of Charm, Pat Flynn, John Dumas, Entrepreneur on Fire, Chalene Johnson, Lewis Howes, School of Greatness, HBR Podcast, the StartUp podcast, Mixergy, Andrew Warner, AskGaryVee, and the great hosts of BiggerPockets!
3 Key Points:
Vroom acquired a business (Tiger Direct Auto) that had a lot of technological and software related innovations in the field that allowed them to be even more efficient.
Being an entrepreneur is an exciting challenge – one has to be able to think on their feet, make important decisions, and surround oneself with forward thinking peers.
Vroom’s model relies on flipping low-mileage used cars for a fast profit – in order to do so they needed to hire professionals who knew cars very well.
Time Stamped Show Notes:
01:00 – Nathan’s introduction to today’s show
01:37 – Allon joins the show.
01:46 – Vroom made about 900 million in revenue in 2015.
02:01 – Vroom is an online car retailer. They sell, buy, and appraise cars in a haggle-free environment.
04:06 – In December, Vroom sold about 5K vehicles. Often they sell low-mileage, well-kept vehicles, which brings their average price point to 30K per automobile. (150,000,000$ total)
05:11 – Allon talks about the acquisition of Texas Auto Direct by Vroom which allowed the company to more effectively refurbish cars at the top level.
07:31 – Vroom was founded only 3 years ago. It has about 500 employees.
08:50 – Allon attributes Vroom’s success to being able to hire people who understand cars very well so they can be fixed and turned quickly.
09:26 – They also grew by acquiring a company that’d been in the same field since 2003.
10:30 – Allon wanted to get into Wix as an investor – it went public about 7 years after being founded. He left the board before the company went public.
12:11 – Being an entrepreneur is challenging as one has to be able to think on their feet, make decisions, and surround oneself with forward-thinking peers.
13:42 – Vroom relied on its high volume model in order to be a viable business like Amazon or Walmart.
14:27 – Allon talks about equity and relying on your board.
15:30 – Allon invested his own personal money to build Vroom’s capital when it first started.
18:21 – Famous Five
Resources Mentioned:
Edgar – Nathan uses Edgar instead of other scheduling tools for Twitter because Edgar cycles through content over and over (buffer/others you have to re-input content over and over – time consuming). In the last several months, Edgar has driven Nathan over 3728 clicks that he didn’t have to work or pay for. Here isNathan’s Edgar Content Calendar:
Vroom – Allon’s business
@allonbloch – Allon’s Twitter
CrunchBase – Allon’s CrunchBase
LinkedIn – Allon’s LinkedIn
Spotify – Allon’s favorite online tool
Graham and Dodd Investing – Allon’s favorite business book
Mark Zuckerberg – CEO Allon follows
Bio Allon Bloch is CEO of Vroom, the largest online car retailer in the U.S. He previously served as Co-CEO of Wix, the world’s leading website publishing platform, and CEO of mySupermarket, a digital platform that empowers consumers to find the best prices for their groceries. Allon is also a former venture capitalist, serving as a Venture Partner with Greylock's Europe/Israel fund and a General Partner at JVP. He holds an M.B.A. from Columbia Business School and is based in New York.
Famous 5
Favorite Book?— Graham and Dodd Investing
What CEO do you follow?— Mark Zuckerberg
What is your favorite online tool?— Spotify
Do you get 8 hours of sleep?— No
If you could let your 20 year old self know one thing, what would it be?— .Be more daring early on. Get into the entrepreneurial game earlier.
Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop
23:4007/02/2016
How to Make $500k Teaching Someone Elses Software with Joseph Michael
Ep 174 Joseph Michael, a top-notch Scrivener coach who helps people become world class writers. Listen as Nathan and Joseph talk about how they keep up with lists and the market’s demand for learning how to use a particular piece of software.
YOUR $100: Remember to subscribe to the show on itunes then text the word "nathan" to 33444 to confirm that you've done it to enter to win $100 every Monday on the show. Do this now. Stop reading this and do it!
Click here to join the top tribe and instantly learn how Nathan made his first $10k at 19 years old: bit.ly/1SynoAg
Top Entrepreneurs join Nathan Latka daily inspired by, Art of Charm, Pat Flynn, John Dumas, Entrepreneur on Fire, Chalene Johnson, Lewis Howes, School of Greatness, HBR Podcast, the StartUp podcast, Mixergy, Andrew Warner, AskGaryVee, and the great hosts of BiggerPockets!
3 Key Points:
One can build a product and then use it to gain targeted subscribers which allows one to more effectively find joint ventures.
Often times the service that teaches how to use a particular software has the same or greater demand than the software itself.
One can grow their list by doing webinars in joint ventures and increasing demand for their services.
Time Stamped Show Notes:
01:00 – Nathan’s introduction to today’s show
01:57 – Joseph joins the show.
02:28 – Scrivener is a super powered version of Microsoft Word.
03:39 – Joseph teaches his clients through an Evernote course – the software itself is 45$. Joseph’s highest tier of teaching how to use software is about 290$.
04:12 – In 2015, Joseph’s services have raked in 500K in sales. (42K a month)
05:17 – Traffic is directed to Joseph’s service through JV partners.
05:53 – Joseph describes his first JV partner and webinar that helped him convert to customers.
06:55 – Joseph’s webinars are teaching based – he walks watchers through a process in using Scrivener. His conversion rates are very good in his field.
08:31 – For letting him use their list, JV partners split the profits with Joseph 50/50. JV partners are usually strapped for time and need expertise on software like Scrivener.
09:43 – Joseph hired a researcher to compile a list of 200 possible names of interested influencers who’d be interested in a Scrivener teaching service in the writer community.
11:50 – Learn Scrivener Fast is hoping to double revenue for 2016. The demand for the service remains high and Joseph’s current list has 60K emails.
12:15 – One can build a product and then use the product to gain targeted subscribers which lets one partner more efficiently with other JV’s.
12:42 – Nathan plans on asking for Scrivener’s revenue on a future episode to compare to Joseph’s. He’s willing to bet the teaching service makes more than the software itself.
14:12 – Customers who buy Joseph’s services don’t necessarily own Scrivener, but it’s usually a big selling point that the software can be confusing to use.
15:00 – Scrivener is behind Learn Scrivener Fast, but they haven’t done a JV together.
15:42 – The CEO of Scrivener is scheduled to be on The Top on February 18th – Nathan is thinking about trying to buy the company.
16:55 – Famous Five
Resources Mentioned:
Edgar – Nathan uses Edgar instead of other scheduling tools for Twitter because Edgar cycles through content over and over (buffer/others you have to re-input content over and over – time consuming). In the last several months, Edgar has driven Nathan over 3728 clicks that he didn’t have to work or pay for. Here isNathan’s Edgar Content Calendar:
@scrivenercoach – Joseph’s twitter
Joseph Michael – Joseph Michael’s personal site.
Nathan Latka – CEO Joseph follows
ScreenFloat – Joseph’s favorite online tool
The 80/20 Principle – Joseph’s favorite business book– Game Matthew plays
Bio
Joseph Michael is a top-notch Scrivener coach who helps people become world-class writers by mastering Scrivener. His online course, Learn Scrivener Fast, has helped even best-selling authors and full-time writers like Michael Hyatt and Joanna Penn create their best work. The course reveals Scrivener's untapped powers and hidden benefits, which is why writers like to say that he's their secret weapon.
Famous 5
Favorite Book?— The 80/20 Principle by Richard Koch
What CEO do you follow?— Nathan Latka
What is your favorite online tool?— ScreenFloat
Do you get 8 hours of sleep?— No
If you could let your 20 year old self know one thing, what would it be?— Spend 80% of your time on 20% of your gifts. Find the things in which you’re the most effective.
Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop
20:0407/02/2016
He plans to be #1 Wordpress Membership Plugin by 2017 with Jason Coleman of Paid Memberships Pro
Ep 173 Jason Coleman, founder and lead developer of Paid Memberships Pro. Listen as Nathan and Jason talk about his e-commerce membership plug-in and the numbers for his business.
YOUR $100: Remember to subscribe to the show on itunes then text the word "nathan" to 33444 to confirm that you've done it to enter to win $100 every Monday on the show. Do this now. Stop reading this and do it!
Click here to join the top tribe and instantly learn how Nathan made his first $10k at 19 years old: bit.ly/1SynoAg
Top Entrepreneurs join Nathan Latka daily inspired by, Art of Charm, Pat Flynn, John Dumas, Entrepreneur on Fire, Chalene Johnson, Lewis Howes, School of Greatness, HBR Podcast, the StartUp podcast, Mixergy, Andrew Warner, AskGaryVee, and the great hosts of BiggerPockets!
3 Key Points:
Despite expecting to rake in 360K+ in 2016, Jason’s business doesn’t rely on paid acquisition or a sizeable number of employees. Paid Memberships Pro is quite independent.
Because of the type of service they provide, Paid Memberships Pro has a hard-to-measure churn rate. (Churn is dependent of the type of service or product being sold.)
Without many employees or expenses to run his business, Jason and his wife bring in almost all of the revenue from the business as profit.
Time Stamped Show Notes:
01:00 – Nathan’s introduction to today’s show
01:32 – Jason joins the show.
02:09 – Paid Memberships Pro is an e-commerce membership plug-in for WordPress.
02:31 – Jason’s business has about 3-5K paying customers.
03:15 – The membership for the service is 200$ a year for premium service. They project about 360K+ in revenue for 2016.
04:25 – Because of the kind of service that Paid Membership Pro provides, churn rate is difficult to measure.
06:08 – The business has a few contractors but not many employees.
06:54 – About 40K sites use the service and 4K are paying customers.
08:05 – Jason doesn’t do paid acquisition – the business’s biggest expense is the developers working on the service.
08:26 – They make about 10-20K a month. Jason and his wife take in about 15K a month from it.
09:12 – Paid Membership Pros’ competitors include Restrict Content Pro and Easy Digital Downloads.
10:27 – Jason beatboxes.
11:32 – Famous Five
Resources Mentioned:
Edgar – Nathan uses Edgar instead of other scheduling tools for Twitter because Edgar cycles through content over and over (buffer/others you have to re-input content over and over – time consuming). In the last several months, Edgar has driven Nathan over 3728 clicks that he didn’t have to work or pay for. Here isNathan’s Edgar Content Calendar
Paid Memberships Pro – Jason’s WordPress business
Biography – Jason’s personal description on his website
The Singularity is Near – Jason’s favorite business book
Slack – Jason’s favorite online tool
Bryan Johnson – CEO Jason follows
Bio
Jason Coleman is the founder and lead developer of Paid Memberships Pro. The membership plug-in for WordPress that over 40,000 entrepreneurs and organizations use to get paid.
Famous 5
Favorite Book?— The Singularity is Near – by Ray Kurzweil
What CEO do you follow?— Bryan Johnson
What is your favorite online tool?— Slack
Do you get 8 hours of sleep?— Sometimes.
If you could let your 20 year old self know one thing, what would it be?—Focus on one thing at a time and fail fast.
Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop
14:4205/02/2016
Yesware Aims for $30m in 2016 with Matthew Bellows of Yesware
Ep 172 Matthew Bellows, the founder and CEO of Yesware which serves more than 750,000 salespeople. Listen as Nathan and Matthew talk about the field of software sales effectiveness and when to hire a salesperson.
YOUR $100: Remember to subscribe to the show on itunes then text the word "nathan" to 33444 to confirm that you've done it to enter to win $100 every Monday on the show. Do this now. Stop reading this and do it!
Click here to join the top tribe and instantly learn how Nathan made his first $10k at 19 years old: bit.ly/1SynoAg
Top Entrepreneurs join Nathan Latka daily inspired by, Art of Charm, Pat Flynn, John Dumas, Entrepreneur on Fire, Chalene Johnson, Lewis Howes, School of Greatness, HBR Podcast, the StartUp podcast, Mixergy, Andrew Warner, AskGaryVee, and the great hosts of BiggerPockets!
3 Key Points:
To be able to hire engineers to work on the projects they wanted, Yesware had to raise millions in capital instead of being bootstrapped.
Sales effectiveness is a field in which companies offer the service of using software to market more effectively.
Business is sometimes stereotyped as dry and boring. Matthew found that it could be creative and fun in contrary to his belief at 20.
Time Stamped Show Notes:
01:00 – Nathan’s introduction to today’s show
02:03 – Matthew joins the show.
03:18 – Matthew just raised a total of 33 million in capital for his company.
03:40 – They needed to go the venture capital route for Yesware in order to hire the engineers they wanted.
03:57 – The company has 80 employees. Of which 30 are developers. About 25 people in the sales department.
06:04 – Yesware has about 750K registered users. They are well above 10 million in annual topline revenue.
07:02 – Yesware’s target customer is a company with 1K-2K employees and 200-300 salespeople.
08:51 – The business’s average deal size is 500$ per month.
10:08 – Hiring a salesperson depends widely on the product being sold.
13:05 – Matthew generally wants customers to install Yesware because they try to provide value as fast and much as possible.
15:27 – Matthew gives some advice on usage data .
16:15 – Yesware is in the field of sales effectiveness or sales consideration. Their competitors are InsideSales or ClearSlide.
17:24 – Matthew would like to end the year with a 30 million dollar run rate.
18:37 – Famous Five
Resources Mentioned:
Edgar – Nathan uses Edgar instead of other scheduling tools for Twitter because Edgar cycles through content over and over (buffer/others you have to re-input content over and over – time consuming). In the last several months, Edgar has driven Nathan over 3728 clicks that he didn’t have to work or pay for. Here isNathan’s Edgar Content Calendar:
Yesware – Matthew’s business.
LinkedIn – Matthew’s LinkedIn
Reed Hastings – CEO Matthew follows
The Alliance – Matthew’s favorite business book
Hearthstone – Game Matthew plays
NY Times – Article featuring Matthew Bellows
Bio
Matthew Bellows is Founder and CEO of Yesware. Yesware serves more than 750,000 salespeople at companies like Acquia, Adroll, Groupon, Salesforce, Twilio, Yelp and Zendesk. Prior to Yesware, Matthew was the Vice President of Sales at Vivox. Before that, he served as General Manager at Floodgate (acquired by Zynga), as Founder/CEO of WGR Media (acquired by CNET Networks), and as VP Sales and Marketing of Interstep (acquired by Flycast/CMGI). Matthew earned his B.A from Naropa University and his M.B.A. magna cum laude from The Olin School for Business at Babson College.
Famous 5
Favorite Book?— The Alliance by Reed Hoffman
What CEO do you follow?— Reed Hastings
What is your favorite online tool?— Not a tool, but Hearthstone
Do you get 8 hours of sleep?— No
If you could let your 20 year old self know one thing, what would it be?—Business is a lot more fun and creative than you think it is.
Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop
21:5505/02/2016
We got an offer to sell Heyo with Nathan Latka
Ep 171 Nathan breaks some big news regarding his business Heyo – he got an offer to sell it. Listen as Nathan discusses with his team the process and ramifications of selling their business.
YOUR $100: Remember to subscribe to the show on itunes then text the word "nathan" to 33444 to confirm that you've done it to enter to win $100 every Monday on the show. Do this now. Stop reading this and do it!
Click here to join the top tribe and instantly learn how Nathan made his first $10k at 19 years old: bit.ly/1SynoAg
Top Entrepreneurs join Nathan Latka daily inspired by, Art of Charm, Pat Flynn, John Dumas, Entrepreneur on Fire, Chalene Johnson, Lewis Howes, School of Greatness, HBR Podcast, the StartUp podcast, Mixergy, Andrew Warner, AskGaryVee, and the great hosts of BiggerPockets!
3 Key Points:
Transparency has the advantage of keeping everyone on Heyo’s team informed and learning. The downside is that they may feel anxious about what the future holds.
A big part of selling a business is considering its future profitability and potential.
When selling a business, it’s important to be sensitive to the feelings of the people who are invested in it. (Employees, investors, customers, etc.)
Time Stamped Show Notes:
00:00 – Nathan talks about when he first started his business with his mom.
02:02 – Early on building Heyo, Nathan resolved to be transparent about how offers were negotiated so that everyone on the team could learn from it.
04:28 – Nathan’s team got an offer to sell their five year old business Heyo by their competitor.
05:56 – In line with the founding philosophy, Nathan’s decided to be fully transparent about the process to his Heyo team.
07:22 – Chris Rieger, the head of operations at Heyo expresses his thoughts.
08:04 – Heyo has sentimental value to the team and still possesses long-term value in its future opportunities.
09:20 – Nathan’s concern with transparency is losing talented employees due to the potential acquisition.
10:10 – Nathan is also concerned that the business might become too comfortable and miss out on bigger opportunities.
10:30 – A big part of deciding whether to sell Heyo is its future potential.
11:18 – Nathan doesn’t like the offer – he plans to reach out to other potential buyers get LOI’s (letters of intent) to leverage Heyo’s value.
13:37 – Christina, Heyo’s head of branch strategy joins the show.
16:01 – Nathan thinks that Heyo’s brand wouldn’t be shut down if acquired by their competitor, only reused.
18:01 – Nathan and Christina have faith in their team to find a new project if Heyo were acquired.
19:01 – Christina thinks that as long as they properly manage the communication to their customer base, the transition will be smooth for users.
21:48 – There are numerous people tied to the business – Nathan sees his business partners as life-long, not business long.
22:19 – The investors in Heyo is an important factor to consider in the acquisition decision.
22:44 – What do you guys think - should Nathan sell Heyo?
Sponsor:
Edgar – Nathan uses Edgar instead of other scheduling tools for Twitter because Edgar cycles through content over and over (buffer/others you have to re-input content over and over – time consuming). In the last several months, Edgar has driven Nathan over 3728 clicks that he didn’t have to work or pay for.
Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe athttp://NathanLatka.com/TheTop
24:0105/02/2016
This is How Much Revenue Ontraport Does with Landon Ray
Ep 170 Landon Ray, the founder and CEO of Ontraport, an award winning web-based sales, marketing, and business automation software platform. Listen as Nathan and Landon talk about how the latter went from selling flowers, to Wall Street, to running his own wildly successful business.
YOUR $100: Remember to subscribe to the show on itunes then text the word "nathan" to 33444 to confirm that you've done it to enter to win $100 every Monday on the show. Do this now. Stop reading this and do it!
Click here to join the top tribe and instantly learn how Nathan made his first $10k at 19 years old: bit.ly/1SynoAg
Top Entrepreneurs join Nathan Latka daily inspired by, Art of Charm, Pat Flynn, John Dumas, Entrepreneur on Fire, Chalene Johnson, Lewis Howes, School of Greatness, HBR Podcast, the StartUp podcast, Mixergy, Andrew Warner, AskGaryVee, and the great hosts of BiggerPockets!
3 Key Points:
Ontraport stays true to its mission by lowering the cost of their services after they became well established to aid small business owners.
Landon pivoted his old assets in the SEO business to create Ontraport – he also used some of his personal savings to keep the business going before it blew up.
It’s hard to pull yourself out of career mode once you’ve settled into it. Whenever possible, it’s beneficial to expand your horizons by traveling.
Time Stamped Show Notes:
01:00 – Nathan’s introduction to today’s show
02:05 – Landon joins the show.
03:25 – When he was 25, Landon wanted to find something meaningful to do and was attracted to the technological renaissance in Silicon Valley at the time.
03:20 – The main reason businesses in the info-marketing space don’t go into software is that the development side can be intimidating.
04:22 – Landon bought and sold stock for himself on Wall Street – he stopped after 2001.
05:30 – Being in the SEO business was a bad move because Google would eventually take away all the search results.
07:19 – Before Ontraport gained traction, hundreds of thousands of dollars went into the company from Landon’s own pocket. He didn’t take a salary either because he had savings.
08:04 – The business has about 10K clients and made about 500K four years in a row.
10:36 – Ontraport’s mission is to remove the burden of technology for entrepreneurs so they can focus on building the business they love.
11:21 – Ontraport’s services have gotten cheaper because they can afford to do it.
12:07 – The average customer pays 400$ a month, but the current value is now offset by a free service the company offers.
13:09 – Ontraport has about 6K customers paying about 200-300$ and 100 employees.
13:50 – Between 14-20 million dollars in annual returning revenue.
16:40 – If Oracle offered to buy Ontraport for 100 million, Landon would decline. Though the money would guarantee stability, the business is in a very favorable position right now.
18:17 – Landon would consider 50 million for a portion of Ontraport.
19:00 – Famous Five
Resources Mentioned:
Edgar – Nathan uses Edgar instead of other scheduling tools for Twitter because Edgar cycles through content over and over (buffer/others you have to re-input content over and over – time consuming). In the last several months, Edgar has driven Nathan over 3728 clicks that he didn’t have to work or pay for. Here isNathan’s Edgar Content Calendar:
Ontraport – Landon’s business.
LinkedIn – Landon’s LinkedIn
The Obstacle Is the Way – Landon’s favorite book.
Gary Vaynerchuk – CEO Landon follows
Google Keep – Landon’s favorite online tool
Famous 5
Favorite Book?— The Obstacle Is the way by Ryan Holiday
What CEO do you follow?— Gary Vaynerchuk
What is your favorite online tool?— Google Keep
Do you get 8 hours of sleep?— Yes
If you could let your 20 year old self know one thing, what would it be?—Once you get into career mode, it’s hard to pull yourself out of it. Remember to travel and expand your horizons.
Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop
23:5604/02/2016
Edgar Social Posting Tool Does $2.2m in Annual Revenue with Laura Roeder of Edgar
Ep 169 Laura Roeder, the creator of the social media scheduling software Edgar. Listen as Nathan and Laura talk about the importance of online marketing and getting connected to influencers in a particular market.
YOUR $100: Remember to subscribe to the show on itunes then text the word "nathan" to 33444 to confirm that you've done it to enter to win $100 every Monday on the show. Do this now. Stop reading this and do it!
Click here to join the top tribe and instantly learn how Nathan made his first $10k at 19 years old: bit.ly/1SynoAg
Top Entrepreneurs join Nathan Latka daily inspired by, Art of Charm, Pat Flynn, John Dumas, Entrepreneur on Fire, Chalene Johnson, Lewis Howes, School of Greatness, HBR Podcast, the StartUp podcast, Mixergy, Andrew Warner, AskGaryVee, and the great hosts of BiggerPockets!
3 Key Points:
Software developers need the services of online marketing experts as much as marketers need the services of software developers.
It’s important for new businesses to get connected with influencers in their specific market. This can be achieved through social media among other means.
Edgar is a social media scheduling tool that automatically publishes content from libraries at set times in the day to maximize audience interaction.
Time Stamped Show Notes:
01:00 – Nathan’s introduction to today’s show
01:32 – Laura joins the show.
02:19 – Edgar is an automated way to showcase a library of content on social media sites.
03:20 – The main reason businesses in the info-marketing space don’t go into software is that the development side can be intimidating.
04:25 – Laura is married to a Ruby on Rails developer so she got lucky being able to make Edgar. However, those with online marketing expertise have much to offer in a partnership with a software developer.
05:22 – Developers need marketers in the same way marketers need developers.
07:10 – Before Edgar, Laura had already built a list, but she also went around getting connected to influencers in the market. Twitter was useful for this particular reason.
08:25 – Edgar was launched in the middle of 2014 and her list was about 80K from her previous business.
09:11 – If you want to learn how to build a list, go listen to episode 35 of The Top.
09:21 – Edgar was intentionally priced higher than its competitors for two reasons
It was bootstrapped and couldn’t support loads of customers using the service for free.
They wanted to differentiate that Edgar was a business tool, not just a social media tool.
11:24 – The business currently has just under 4K customers, making a topline revenue of about 180K a month. Most customers pay about 49$ a month.
11:58 – Edgar spends money on content marketing and paid acquisition (mostly Facebook ads.) They spend about 30K a month on Facebook ads.
12:40 – Edgar’s retention rate is about 95% month to month.
13:26 – Laura talks about why a bootstrap company has to be careful calculating lifetime values.
15:06 – Edgar’s biggest concern is helping customers utilize its services in an easy-to-use manner.
16:42 – Using Edgar for the past 6 months, Nathan’s gotten 3,286 clicks from Twitter updates that were published through Edgar.
19:00 – Famous Five
Resources Mentioned:
Edgar – Nathan uses Edgar instead of other scheduling tools for Twitter because Edgar cycles through content over and over (buffer/others you have to re-input content over and over – time consuming). In the last several months, Edgar has driven Nathan over 3728 clicks that he didn’t have to work or pay for. Here isNathan’s Edgar Content Calendar
LKR Social Media – Laura’s personal website
@lkr – Laura’s Twitter
Scaling Up – Laura’s favorite business book
Slack – Laura’s favorite online tool
Famous 5
Favorite Book?— Scaling Up by Verne Harnish
What CEO do you follow?— Laura likes chatting to business owners and entrepreneurs.
What is your favorite online tool?— Slack
Do you get 8 hours of sleep?— Yes
If you could let your 20 year old self know one thing, what would it be?—Even the most successful business owners are human – you can do what they do.
Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop
21:5604/02/2016
Use $200 To Make $15m With ECommerce Tricks of Scott Hutchison of Ashley Bridget
Ep 168 Scott Hutchison, a serial entrepreneur who helped build an e-commerce jewelry brand to 15 million in sales in just three years. Listen as Nathan and Scott talk about the pros and cons of e-commerce and Ashley Bridget’s immense growth.
YOUR $100: Remember to subscribe to the show on itunes then text the word "nathan" to 33444 to confirm that you've done it to enter to win $100 every Monday on the show. Do this now. Stop reading this and do it!
Click here to join the top tribe and instantly learn how Nathan made his first $10k at 19 years old: bit.ly/1SynoAg
Top Entrepreneurs join Nathan Latka daily inspired by, Art of Charm, Pat Flynn, John Dumas, Entrepreneur on Fire, Chalene Johnson, Lewis Howes, School of Greatness, HBR Podcast, the StartUp podcast, Mixergy, Andrew Warner, AskGaryVee, and the great hosts of BiggerPockets!
3 Key Points:
If you’re thinking about advertising through Instagram, keep in mind that accounts that list an email address in or below their bio are likely willing to do business.
Ashley Bridget ran an immensely successful advertising campaign in which they gave away free bracelets – the average cart value during the campaign was 25$ from other products being purchased alongside the bracelets and the business got about 25K new customers.
One of e-commerce’s advantages is not needing many employees. Ashley Bridget later sought professionals to enhance their business and increase the quality of their product.
Time Stamped Show Notes:
01:00 – Nathan’s introduction to today’s show
01:24 – Scott joins the show.
01:41 – Scott Hutchison helped build Ashley Bridget which sells women’s jewelry almost exclusively on the website.
03:45 – In 2013, Ashley Bridget made 1.5 million in revenue, 4.5 million in 2014, and 8.2 million in 2015.
04:37 – To generate its first sales, the business advertised on Instagram. Accounts that list an email address below their bio are likely willing to do business.
05:16 – The business had a successful campaign starting out giving out free bracelets that got very popular. The shipping fee covered the cost of making the bracelet and so they broke even on the campaign.
05:58 – They got about 25K customers in 1.5 months just from the free bracelet promotion.
06:43 – When customers got the bracelet for free, they usually added other things to their cart.
06:59 – Ashley Bridget advertises with a combination of Google AdWords, Pinterest, Instagram and Facebook.
07:09 – The company’s started focusing on retention instead of advertising by increasing product quality.
07:54 – 20% of 2015’s revenue went into advertising (roughly 160K.)
08:45 – Initially the business relished e-commerce because it didn’t require a lot of employees, but now that they’ve expanded they’re focusing on hiring professionals.
09:23 – Scott talks about why the referral system is successful for his business.
10:43 – The business averages about 25K orders per month.
11:14 – In 2014, the business bought a warehouse, but it was difficult to manage.
12:36 – The business is lucky to have an experienced senior advisor who affords them a good network of Venture capital investors.
13:43 – The name Ashley Bridget came from what the founders thought would be an ‘ideal girl.’
17:16 – Famous Five
Resources Mentioned:
Edgar – Nathan uses Edgar instead of other scheduling tools for twitter because Edgar cycles through content over and over (buffer/others you have to re-input content over and over – time consuming). In the last several months, Edgar has driven Nathan over 3728 clicks that he didn’t have to work or pay for. Here isNathan’s Edgar Content Calendar:
Ashley Bridget – Scott’s business
LinkedIn – Scott’s LinkedIn
Gary Vaynerchuk – CEO Scott follows
Evernote – Tool Scott uses
The 4-Hour Workweek – Scott’s favorite business book
Famous 5
Favorite Book?— The 4-Hour Workweek by Tim Ferris
What CEO do you follow?— Gary Vaynerchuk
What is your favorite online tool?— Evernote
Do you get 8 hours of sleep?— Yes
If you could let your 20 year old self know one thing, what would it be?—To keep doing what he’s doing and to enjoy himself while doing it.
Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop
18:5904/02/2016
How To Hit $600k Revenue Goal Fast
Ep 165 Nehal Kazim, the CEO of Amplifii Corporation, a Toronto based paid advertising agency specializing in Facebook and Google advertising. Listen as Nathan and Nehal discuss the importance of asking for the right amount of money for one’s services and having faith in one’s abilities to that end.
YOUR $100: Remember to subscribe to the show on itunes then text the word "nathan" to 33444 to confirm that you've done it to enter to win $100 every Monday on the show. Do this now. Stop reading this and do it!
Click here to join the top tribe and instantly learn how Nathan made his first $10k at 19 years old: bit.ly/1SynoAg
Top Entrepreneurs join Nathan Latka daily inspired by, Art of Charm, Pat Flynn, John Dumas, Entrepreneur on Fire, Chalene Johnson, Lewis Howes, School of Greatness, HBR Podcast, the StartUp podcast, Mixergy, Andrew Warner, AskGaryVee, and the great hosts of BiggerPockets!
3 Key Points:
If you think your services might be worth more than what you charge, don’t be afraid to ask for more money.
You can improve your negotiating skills by going on Craigslist and bargaining with buyers and sellers.
Most businesses don’t know the first thing about spending its money on Facebook ads effectively. Applying marketing concepts is essential to advertising success. (Also Nehal sells courses on how to market effectively.)
Time Stamped Show Notes:
01:00 – Nathan’s introduction to today’s show
01:41 – Nehal joins the show – he’s 25 and founded Amplifii when he was 22.
02:06 – Amplifii isn’t Nehal’s first business – he started out teaching people how to play basketball and worked in other ventures.
03:29 – When he was selling websites he made, Nehal was afraid of asking for too much money, which he regrets.
04:03 – The only difference between Nehal’s ability to charge 500$ vs 5000$ was his belief as well as his skillset to show that he was able to get his client the results they were paying for.
04:22 – Nathan recommends learning how to negotiate for prices on Craigslist.
05:45 – Amplifii makes money by charging a monthly retainer or a percentage of ad spend.
06:05 – Revenue is 30-60K a month.
07:15 – Nehal’s didn’t hit his revenue goal for 2015 which was 600K a month, Amplifii made 300K.
08:11 – Think your services might be worth more than what you’re charging? Bite the bullet and just ask for more.
08:37 – Amplifii’s staff includes one project manager, a few virtual assistants overseas, and copywriters on contract.
09:33 – Nehal is offering a teaching service on how to spend a business’s first 100$ on Facebook ads most effectively.
10:48 – Amplifii is a cash flow business for Nehal to be able to accomplish what he wants in life through other businesses. (It’s like a launching pad for him.)
12:03 – Nehal doesn’t take much money out of the business – he considers the most important return from his business is his personal development. (Attending masterminds, traveling.)
13:57 – Nehal spends a lot of money on his education – he gets online certifications and signs up for courses and conferences.
14:55 – Nehal aims to learn from those who are better, faster, and stronger than him so he can catch up.
16:08 – Nehal can be reached personally over his Facebook page/profile.
17:16 – Famous Five
Resources Mentioned:
Growth Geeks – The way Nathan hires growth hackers on a per project basis for things like info graphics, blog posts, and other growth projects
Amplifii – Nehal’s business
Facebook – Nehal’s Facebook
LinkedIn – Nehal’s LinkedIn
10X Rule – Nehal’s favorite book
Peter Diamandis – Author Nehal follows
Asana – Online tool Nehal uses.
Famous 5
Favorite Book?— 10X Rule by Grant blah.
What CEO do you follow?— Not a CEO, but Peter Diamandis
What is your favorite online tool?— Asana
Do you get 8 hours of sleep?— No
If you could let your 20 year old self know one thing, what would it be?—Stop being so hard on yourself.
Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop
20:0502/02/2016
He Sits on Spotify Board
Ep 166 Frank Meehan, the co-founder of Spark Lab Global Ventures a global early stage ventures capital firm. Listen as Nathan and Frank talk about how to effectively run a board meeting and the numbers of Spark Lab Global Ventures.
YOUR $100: Remember to subscribe to the show on itunes then text the word "nathan" to 33444 to confirm that you've done it to enter to win $100 every Monday on the show. Do this now. Stop reading this and do it!
Click here to join the top tribe and instantly learn how Nathan made his first $10k at 19 years old: bit.ly/1SynoAg
Top Entrepreneurs join Nathan Latka daily inspired by, Art of Charm, Pat Flynn, John Dumas, Entrepreneur on Fire, Chalene Johnson, Lewis Howes, School of Greatness, HBR Podcast, the StartUp podcast, Mixergy, Andrew Warner, AskGaryVee, and the great hosts of BiggerPockets!
3 Key Points:
Don’t be afraid of managing your board strongly. Get every member up-to-date on what’ll be discussed clearly before a board meeting.
SAAS companies can thrive in Asia, getting up to 30-40X on annual recurring revenue compared to being based in America.
Core strengths of Spark Lab Global Ventures include being well connected and scouting to the U.S. from Asia and vice versa.
Time Stamped Show Notes:
01:00 – Nathan’s introduction to today’s show.
01:42 – Frank joins the show.
01:52 – Frank left Horizons Ventures because he wanted to be more independent.
02:48 – Frank was involved in Spotify’s development team.
03:27 – Countries like Sweden, Israel, and Korea work hard but have to go global because the local market is limited.
04:35 – When it comes to boards, generally an entrepreneur doesn’t want to start with too many people on them.
05:17 – Frank gives general advice on managing a board.
06:50 – Talk to your board members individually before a board meeting and ensure it’s clear what’ll be discussed during the board meeting.
07:03 – Because of good planning by his partner, Frank’s never been surprised at a Spotify board meeting.
08:40 – Don’t be afraid to manage your board strongly. But do it before the board meeting.
09:03 – Spark Labs Global Ventures ran a fund of 30 million in 2014.
09:57 – A core strength of Spark Lab Global Ventures is scouting to the U.S. from Asia and vice versa.
10:56 – There’s a lot of investing going into Asia.
11:22 – SAAS companies transferred to Asia can get up to 30-40X on annual recurring revenue.
12:30 – Of the 30 million Sparks Labs Global Ventures raised, the company’s deployed about half of it.
13:43 – One of Frank’s businesses’ main pull is that it’s incredibly well connected – it can identify hot businesses quickly.
17:02 – Famous Five
Resources Mentioned:
Growth Geeks – The way Nathan hires growth hackers on a per project basis for things like info graphics, blog posts, and other growth projects
Edgar – A tool Nathan uses to add pieces of content to a library and automate content distribution on media platforms.
Spark Labs Global – Frank’s business
@frank_meehan – Frank’s Twitter
LinkedIn – Frank’s LinkedIn
Mark Zuckerberg – CEO Frank follows
Slack – Frank’s favorite online tool.
Only the Paranoid Survive – Frank’s favorite business book.
[email protected] – Frank’s email.
[email protected] – Frank’s email
Famous 5
Favorite Book?— Only the Paranoid Survive by Andrew S. Grove
What CEO do you follow?— Mark Zuckerberg
What is your favorite online tool?— Slack
Do you get 8 hours of sleep?— No
If you could let your 20 year old self know one thing, what would it be?— Be more ruthless.
Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop
19:0302/02/2016
King of Podcasts Tells Us How He Launched 5, Made Millions, with Alex Blumberg of Gimlet Media
Ep 164 Alex Blumberg, the host of StartUp and CEO and co-founder of Gimlet Media. Listen as Nathan and Alex talk about the Freedom Journal, a notebook designed for users to set and accomplish their goals effectively.
YOUR $100: Remember to subscribe to the show on itunes then text the word "nathan" to 33444 to confirm that you've done it to enter to win $100 every Monday on the show. Do this now. Stop reading this and do it!
Click here to join the top tribe and instantly learn how Nathan made his first $10k at 19 years old: http://nathanlatka.com/startertribelive
Top Entrepreneurs join Nathan Latka daily inspired by, Art of Charm, Pat Flynn, John Dumas, Entrepreneur on Fire, Chalene Johnson, Lewis Howes, School of Greatness, HBR Podcast, the StartUp podcast, Mixergy, Andrew Warner, AskGaryVee, and the great hosts of BiggerPockets!
3 Key Points:
As podcasts grow as a medium, expect to see an increase in production value and overall quality.
Advertising on podcasts is extremely straightforward because sponsors can clearly evaluate how many people they’re reaching.
For even seasoned veterans like Alex, creating a quality podcast can take a lot of time, money, and manpower (6 months, 100K, varied staff).
Time Stamped Show Notes:
01:00 – Nathan’s introduction to today’s show
01:37 – Alex joins the show
01:49 – Gimlet is a digital media company that focuses primarily on audio.
02:27 – Alex and his team at Gimlet has raised 6 million for the business.
04:08 – His podcast StartUp generates revenue through ads.
06:05 – Alex estimates that his CPM on this podcast is higher than the average radio station.
06:28 – As podcasts as a medium mature, Alex expects them to grow in production value.
07:05 – Alex describes his 6-month process when creating a new podcast.
07:55 – It takes roughly 100K from start to finish when making the first episode.
09:18 – Alex’s old colleagues from his career in public radio have come to work at Gimlet.
10:40 – Each individual show produced by Gimlet Media generally has its own team.
13:22 – Alex uses SoundCloud to keep track of listeners for a particular audio.
14:39 – Advertising on podcasts is very straightforward and works well for Alex’s sponsors.
15:49 – Sponsors advertise in accordance to a contract with Alex’s podcasts.
17:09 – Alex makes over 1 million dollars per podcast.
19:16 – Famous Five
Resources Mentioned:
Growth Geeks – The way Nathan hires growth hackers on a per project basis for things like info graphics, blog posts, and other growth projects
Gimlet Media – Alex’s business
@abexlumberg – Alex’s twitter
LinkedIn – Alex’s LinkedIn
Creativity Inc. – Alex’s favorite book
Mark Zuckerberg – CEO Alex follows
Steve Jobs – CEO Alex follows
Google Docs – Online tool John uses.
Famous 5
Favorite Book?— Creativity Inc. – by Ed Catmull and Amy Wallace
What CEO do you follow?— Steve Jobs and Mark Zuckerberg
What is your favorite online tool?— Google Docs
Do you get 8 hours of sleep?— No
If you could let your 20 year old self know one thing, what would it be?—Be more patient.
Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop
22:2801/02/2016
Numbers Behind Freedom Journal Launch with John Lee Dumas of Entrepreneur On Fire
Ep 163 John Lee Dumas, the founder and host of EOFire, an award winning podcast where he interviews today’s most inspiring entrepreneurs seven days a week. Listen as Nathan and John talk about the Freedom Journal, a notebook designed for users to set and accomplish their goals effectively.
YOUR $100: Remember to subscribe to the show on itunes then text the word "nathan" to 33444 to confirm that you've done it to enter to win $100 every Monday on the show. Do this now. Stop reading this and do it!
Click here to join the top tribe and instantly learn how Nathan made his first $10k at 19 years old: http://nathanlatka.com/startertribelive
Top Entrepreneurs join Nathan Latka daily inspired by, Art of Charm, Pat Flynn, John Dumas, Entrepreneur on Fire, Chalene Johnson, Lewis Howes, School of Greatness, HBR Podcast, the StartUp podcast, Mixergy, Andrew Warner, AskGaryVee, and the great hosts of BiggerPockets!
3 Key Points:
Goals should be specific and contain aspects that make it a ‘smart goal.’ (Specific, measurable, attainable, relevant, time-bound.)
It’s important to ‘shoot for the moon’ when trying to achieve a goal, because one might ‘land among the stars.’ (As corny as that sounds, John insists it’s true.)
The Freedom Journal is a tool designed to help users set and accomplish their goals. It’s not just a revenue model; the product is intended to make a lasting impact on the world.
Time Stamped Show Notes:
01:00 – Nathan’s introduction to today’s show
01:58 – John joins the show
02:23 – The Freedom Journal was created to help people set and accomplish their goals.
05:02 – John believes that a constant notebook should be a staple of entrepreneurs. But often times they’re missing an organizational outline. (Something The Freedom Journal features.)
06:28 – For some people, the one obstacle to success is similar to a big heavy domino that, once knocked over, initiates a chain reaction.
07:02 – For this reason, the first page of The Freedom Journal is teaching a user how to set a smart goal.
07:45 – John talks about what makes a goal a ‘smart goal.’
08:37 – It’s important to be realistic, but being ambitious with a goal often ensures that the effort produces something significant.
09:54 – John talks having 10 micro goals within a 100 day project.
10:27 – It takes 6.50$ to produce a Freedom Journal and it retails for 35$.
11:47 – One of The Freedom Journal’s purposes is to make a lasting impact on the world.
12:33 – John’s partnered up with Pencils of Promise, an organization that builds schools in developing countries.
14:40 – The Freedom Journal comes with a software component that further increases accountability for a user.
17:32 – Famous Five
Resources Mentioned:
Growth Geeks – The way Nathan hires growth hackers on a per project basis for things like info graphics, blog posts, and other growth projects
EOFire – John’s Podcast and personal website
@johnleedumas – John’s twitter
LinkedIn – John’s LinkedIn
The Chimp Paradox – John’s favorite book
Elon Musk – CEO John follows
Focus@Will – Online tool John uses.
Famous 5
Favorite Book?— The Chimp Paradox – Dr. Steve Peters
What CEO do you follow?— Elon Musk
What is your favorite online tool?— Focus@Will
Do you get 8 hours of sleep?— Yes
If you could let your 20 year old self know one thing, what would it be?—Chill out and enjoy the journey.
Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop
22:2301/02/2016
Is This Uber's Next Acquisition?
Episode 162 Harry Campbell, the owner and founder of The Rideshare Guy Blog and Podcast. Listen as Nathan and Harry talk about recent developments in the rideshare industry for companies such as Uber and Lyft.
YOUR $100: Remember to subscribe to the show on itunes then text the word "nathan" to 33444 to confirm that you've done it to enter to win $100 every Monday on the show. Do this now. Stop reading this and do it!
Click here to join the top tribe and instantly learn how Nathan made his first $10k at 19 years old: http://nathanlatka.com/startertribelive
Top Entrepreneurs join Nathan Latka daily inspired by, Art of Charm, Pat Flynn, John Dumas, Entrepreneur on Fire, Chalene Johnson, Lewis Howes, School of Greatness, HBR Podcast, the StartUp podcast, Mixergy, Andrew Warner, AskGaryVee, and the great hosts of BiggerPockets!
3 Key Points:
The most successful billion dollar businesses are almost always the ones that build the community in a new industry the fastest. (PayPal, Airbnb, etc)
Rideshare companies like Uber have steadily been driving prices down for their services, but also paying their drivers less.
Harry Campbell made 25K in his most recent month as a blogger simply through driver referrals and direct ad buys.
Time Stamped Show Notes:
01:00 – Nathan’s introduction to today’s show
01:29 – Harry joins the show
03:08 – Harry began as an aerospace engineer making 80K a year. His wife attends med school in Southern California.
04:10 – Alongside engineering, Harry did some freelance writing and worked as an Uber driver on the side.
05:04 – Harry makes money with his blog through driver referrals.
06:28 – Using Lyft and Uber at the same time isn’t a bad idea as it’ll enable you to get a driver sooner.
07:58 – Uber has been driving prices steadily down since they’ve begun, but their drivers are now paid less than when the company started.
08:22 – One of the ways the company does this is by carpooling rides to halve passenger fees, but keep the driver’s earning the same.
09:13 – A rideshare driver can make about 15-20 bucks an hour.
10:30 – In his most recent month, Harry’s made 25K through driver referrals and direct ad buys.
12:27 – The most successful billion dollar businesses are almost always the ones that build the community in a new industry the fastest. (PayPal, Airbnb, etc)
13:29 – Harry’s list consists of about 10K email subscribers and his podcast has been getting about 12K downloads per month.
15:09 – Famous Five
Resources Mentioned:
Growth Geeks – The way Nathan hires growth hackers on a per project basis for things like info graphics, blog posts, and other growth projects
The Ride Share Guy – Harry’s Podcast
@TheRideShareGuy – Harry’s twitter
The E-Myth Revisited – Harry’s favorite book
Brian Kelly – CEO Harry follows
Asana – Online tool Harry uses.
Famous 5
Favorite Book?— The E-Myth Revisited – by Michael E. Gerber
What CEO do you follow?— Brian Kelly
What is your favorite online tool?— Asana
Do you get 8 hours of sleep?— Yes
If you could let your 20 year old self know one thing, what would it be?—Sometimes you have to be willing to do the work others aren’t willing to do.
Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop
17:2901/02/2016
His Boss Won't Believe How He's Selling Mens Leggings with Tom Hunt of Virtual Valley
Ep 161 Tom Hunt, a location independent founder of online marketplace Virtual Valley. Listen as Nathan and Tom talk about the latter’s experience selling men’s leggings and hiring offshore employees.
YOUR $100: Remember to subscribe to the show on itunes then text the word "nathan" to 33444 to confirm that you've done it to enter to win $100 every Monday on the show. Do this now. Stop reading this and do it!
Click here to join the top tribe and instantly learn how Nathan made his first $10k at 19 years old: http://nathanlatka.com/startertribelive
Top Entrepreneurs join Nathan Latka daily inspired by, Art of Charm, Pat Flynn, John Dumas, Entrepreneur on Fire, Chalene Johnson, Lewis Howes, School of Greatness, HBR Podcast, the StartUp podcast, Mixergy, Andrew Warner, AskGaryVee, and the great hosts of BiggerPockets!
Bio
Tom Hunt is a TEDx Speaker, Dragons Den “Failure” and Location Independent Founder of Online Marketplace: Virtual Valley (Launching Jan 2016) That Connects Entrepreneurs & Rockstar Virtual Assistants (www.blog.virtualvalley.io).
3 Key Points:
Publicity from shows such as Dragon’s Den usually won’t benefit a company directly but can raise publicity for an area of products.
Getting press is much easier for a business if it jumps on top of an existing trend.
According to Tom, often times it’s more worthwhile to focus on the journey than the result.
Time Stamped Show Notes:
01:00 – Nathan’s introduction to today’s show
01:27 – Tom joins the show
01:51 – Tom tells the story of how he started selling men’s leggings.
03:18 – As a part time project, Tom and his partners started selling them online and was able to sell 150 pairs in the first year.
03:50 – Eventually, Tom’s efforts were chronicled in an online article that was shared about 66K times.
04:46 – Tom talks about how he got onto Dragon’s Den, UK’s equivalent of the show Shark Tank.
06:10 – Tom’s revenue since selling men’s leggings was roughly 160K.
07:01 – Tom’s online store saw a big spike in traffic the day after Dragon’s Den. 100 -> 1000.
07:28 – The store got more traffic from the daily mail article because there was a direct link to the site.
08:00 – The online store is still operational and doesn’t spend any money on paid acquisition. All the advertising is done through social media outlets.
10:10 – Virtual Valley is a service in which people looking to build a team can acquire its members virtually.
11:30 – There’s a 20% service charge for using the platform – Virtual Valley provides advantages such as employer/employee insurance and an online time tracking program that it believes is covered by the fee.
13:14 – Virtual Valley’s services are based in the Philippines.
15:04 – The company’s goal is to have 7K monthly recurring revenue by February. By the end of 2016, 15K per month in recurring revenue.
15:53 – Getting press is much easier if a business can jump on an existing trend.
17:51 – Famous Five
Resources Mentioned:
Growth Geeks – The way Nathan hires growth hackers on a per project basis for things like info graphics, blog posts, and other growth projects
Daily Mail – Article about men’s leggings
@tomhuntio – Tom’s twitter
Tom Hunt – Tom’s personal website
Meggings – Tom’s e-commerce business
Virtual Valley – Tom’s online marketplace
The Icarus Deception – Book Tom stands by
Sniply – Tom’s favorite online tool
Famous 5
Favorite Book?— The Icarus Deception – by Seth Godin
What CEO do you follow?— Nathan Latka
What is your favorite online tool?— sniply
Do you get 8 hours of sleep?— Yes
If you could let your 20 year old self know one thing, what would it be?—Focus more on the journey instead of the result.
Credits
Show Notes provided by Mallard Creatives
Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop
21:3931/01/2016
How To Acquire $1m+ Company For $2 Dollars with Eric Siu CEO of Single Grain
Ep 159 Eric Siu, the CEO of the digital marketing agency Single Grain, which has helped companies such as Salesforce, Yahoo, and Intuit scale their revenues online. Listen as Nathan and Eric talk about how Single Grain went from having negative cash flow to profiting 30K a month.
YOUR $100: Remember to subscribe to the show on itunes then text the word "nathan" to 33444 to confirm that you've done it to enter to win $100 every Monday on the show. Do this now. Stop reading this and do it!
Click here to join the top tribe and instantly learn how Nathan made his first $10k at 19 years old: http://nathanlatka.com/startertribelive
Top Entrepreneurs join Nathan Latka daily inspired by, Art of Charm, Pat Flynn, John Dumas, Entrepreneur on Fire, Chalene Johnson, Lewis Howes, School of Greatness, HBR Podcast, the StartUp podcast, Mixergy, Andrew Warner, AskGaryVee, and the great hosts of BiggerPockets!
Bio
Eric Siu has worked with various startups, non-profit organizations, and co-founded an online marketing agency. He was formerly the Growth lead at Treehouse, an online coding education business and is currently the CEO of Single Grain, a digital marketing agency. Eric has a podcast based on growth hacking at http://growtheverywhere.com/.
3 Key Points:
Often it’s beneficial for a business to expand its main money making channel instead of investing in new ones.
Previous expertise shouldn’t be underestimated as it can lend itself to current ventures.
Watching the numbers of one’s business’s rise and fall is a more involved process and can be more insightful than reading a report.
Time Stamped Show Notes:
01:00 – Nathan’s introduction to today’s show
01:12 – Eric joins the show
01:22 – Single Grain is a marketing agency that helps with search engine optimization and paid advertising.
02:08 – Single Grain made 30K in monthly revenue from making nothing eight months ago.
02:29 – Eric was first brought on to help the agency for a 10% stake. Later he bought the other 90% for only two dollars.
03:25 – The company was struggling when Eric bought it out – losing money at negative 27K in net profit despite generating 1.5 million dollars in annual revenue.
04:32 – Eric sat down with the original founder and was able to negotiate owning the entire company by leveraging his expertise.
05:42 – Single Grain also generates money by referring to other agencies for services the company no longer fulfills. (Such as search engine optimization)
06:28 – Eric’s previous expertise hiring marketers allows him to vet agencies and determine their quality of work.
06:53 – Nathan and Eric discuss the latter’s earnings from Single Grain.
07:42 – For his newer business Care Sprout, Eric is delving into the senior living industry.
08:33 – Care Sprout has whittled its lead cost to 60-70$ per individual signing up for services.
10:05 – Nathan and Eric break down how Care Sprout makes money.
11:09 – A lot of businesses tend to neglect their main money making channel in favor of creating new ones.
11:27 – Eric talks about Care Sprout’s current money making channel, phone calls.
12:17 – Care Sprout spends about 30K a month for lead acquisition channels. (420 new leads per month.)
13:02 – Eric likes to look at his company’s numbers personally, but also uses a dashboard tool called Cyfe.
15:27 – Famous Five
Resources Mentioned:
Growth Geeks – The way Nathan hires growth hackers on a per project basis for things like info graphics, blog posts, and other growth projects
Single Grain – Eric’s current business
Care Sprout – Eric’s newer business
Cyfe – Dashboard software Eric uses
GrowthEverywhere – Eric’s Podcast
@ericosiu – Eric’s Twitter
LinkedIn – Eric’s LinkedIn
Bill Gates – CEO Eric follows
Emerson Spartz – CEO Eric follows
Nathan Latka – CEO Eric follows
TextExpander – Eric’s favorite online tool
The Billionaire Who Wasn’t – Book Eric stands by
Famous 5
Favorite Book?— The Billionaire Who Wasn’t – by Conor O’Clery
What CEO do you follow?— Bill Gates, Emerson Spartz, Nathan Latka
What is your favorite online tool?— Text Expander
Do you get 8 hours of sleep?— Yes
If you could let your 20 year old self know one thing, what would it be?—Keep going; those who persist will eventually succeed.
Credits
Show Notes provided by Mallard Creatives
Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop
18:1131/01/2016
How To Be A Mom And Do $10k/mo From Home with Jenn Scalia
Ep 160 Jenn Scalia, a single mom who started from rock bottom to creating a six-figure business. Listen as Nathan and Jenn talk about how she runs her business coaching entrepreneurs in marketing strategy.
YOUR $100: Remember to subscribe to the show on itunes then text the word "nathan" to 33444 to confirm that you've done it to enter to win $100 every Monday on the show. Do this now. Stop reading this and do it!
Click here to join the top tribe and instantly learn how Nathan made his first $10k at 19 years old: http://nathanlatka.com/startertribelive
Top Entrepreneurs join Nathan Latka daily inspired by, Art of Charm, Pat Flynn, John Dumas, Entrepreneur on Fire, Chalene Johnson, Lewis Howes, School of Greatness, HBR Podcast, the StartUp podcast, Mixergy, Andrew Warner, AskGaryVee, and the great hosts of BiggerPockets!
Bio
Jenn Scalia is a visibility strategist for entrepreneurs who want to make an impact. A self-professed introvert, and single mom, she went from rock bottom to creating a multi six-figure business. She’s known for her tough-love, no-BS style and helping business owners overcome their fears and share their message with the world.
3 Key Points:
A useful online tool known as a “Welcome Mat” can increase the number of website opt-ins from visitors.
Despite running a successful business, Jenn invests heavily into her education – a prudent practice.
It’s important to get smart about money (not just in the traditional sense) - play around with the mindset of finance and what it means to you personally.
Time Stamped Show Notes:
01:00 – Nathan’s introduction to today’s show
01:20 – Jenn joins the show
01:27 – Jenn sells business strategy and coaching for entrepreneurs through a paid membership and also in one-on-one sessions.
01:52 – She makes about 50K in revenue per month – sometimes hitting 100K.
02:54 – Most of her revenue comes from one-on-one coaching and mentorship. She also has a membership site that rakes in about 5-6K a month.
03:55 – The sit-down mentorship involves marketing strategy, funnels, email marketing, and social media strategy. Jenn is all about visibility and getting a message out.
05:01 – Jenn has two secrets. She works hard and is relatable.
05:47 – Membership currently costs 30$ a month and it’s going up to 47$ in a year. Every month, members get two master-classes from Jenn and a guest expert.
06:22 – Membership perks also include a monthly Q&A and a private community (online forum on Facebook).
06:52 – Users stay an average of three months – Jenn offers a trial membership for people who’d like to try it.
07:42 – Jenn’s one-on-one mentorship costs 10K for four months. The price is increasing in January to 15K.
08:20 – Jenn finds her clients through her followers (tribe) and funnel.
09:12 – Jenn and Nathan talk about the usefulness of website ‘welcome mats’ that can increase website opt-ins.
10:22 – Jenn’s biggest expenses are the salaries for her online business manager and virtual assistant for 2K a month (combined) and 4K a month on advertising.
11:40 – Jenn’s spent about 6 figures on her education this year.
12:10 – Nathan and Jenn talk about Todd Herman.
14:14 – Famous Five
Resources Mentioned:
Growth Geeks – The way Nathan hires growth hackers on a per project basis for things like info graphics, blog posts, and other growth projects
Jenn Scalia – Jenn’s Website
Digital Welcome Mats – Increase opt-ins with this online tool
Facebook – Jenn’s Facebook
LinkedIn – Jenn’s LinkedIn
@jennscalia – Jenn’s Twitter
Todd Herman – CEO Jenn follows
30/30 – Jenn’s favorite online tool
Profit First – Book Jenn stands by
Famous 5
Favorite Book?— Profit First – by Mike Mikalowisk
What CEO do you follow?— Todd Herman
What is your favorite online tool?— 30/30
Do you get 8 hours of sleep?— No
If you could let your 20 year old self know one thing, what would it be?—Get smart about money – play around with the mindset of finance and what it means to you personally.
Credits
Show Notes provided by Mallard Creatives
Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop
16:2631/01/2016
Genius Way to Stop Selling Your Time For Money with Allison Schaaf of Prepdish.com
Ep 157 Allison Schaaf, the founder of prepdish.com, an online meal planning service that sends weekly downloadable real food, gluten free, and paleo meal plans. Listen as Nathan and Allison talk about how Prep Dish uses Facebook ads and influencers to acquire customers.
3 Key Points:
A great way to acquire new customers is to reach out in places where current customers spend their time. (Blogs, social media, events)
Prep Dish has had the most success gaining customers through influencers such as 100 Days of Real Food.
For a meal plan service such as Prep Dish, the churn rate varies depending on the time of the year. This can apply to other seasonally dependent services.
Bio
Allison Schaaf is a chef and nutritionist who is also the founder of Prep Dish. She holds a masters in Nutrition Communications from Tufts Friedman School of Nutrition.
Time Stamped Show Notes:
01:00 – Nathan’s introduction to today’s show
01:27 – Allison joins the show
02:08 – Prep Dish started as a personal chef company (that still exists) where customers would personally consult Allison for their meal plans.
03:00 – Prep Dish is a monthly prescription service for 14.99$ a month or 99$ a year.
03:26 – As of November, the service has around 1,100 paying customers.
04:48 – The churn rate for Prep Dish depends on the seasons, with January and August being the busiest months of the year.
07:19 – Some customers switch to a yearly plan to save money. Allison’s company sends out emails to ask if they want to switch.
07:50 – Screenshot
08:40 – Allison spent about 5K a month on Facebook ads for four months which generated about 40K in revenue.
10:14 – Nathan talks about Jamie Tardy, a coach Allison worked with.
10:53 – The average monthly subscriber yields 43$.
11:47 – Allison’s found that the best tactic for her business is working with influencers.
12:32 – Allison talks about working with 100 Days of Real Food.
13:35 – Another way Prep Foods reaches people is by surveying their customers where they spend their time online and acquiring new customers from those places.
14:09 – Prep Foods makes about 10K a month.
15:39 – The Famous Five
Resources Mentioned:
Growth Geeks – The way Nathan hires growth hackers on a per project basis for things like info graphics, blog posts, and other growth projects
Prep Dish – Allison’s business
Twitter – Prep Dish Twitter
Instagram – Prep Dish Instagram
Facebook – Prep Dish Facebook
Periscope – Prep Dish Periscope
Automatic Customer – Allison’s favorite book
Infusionsoft – Allison’s favorite online tools
Famous 5
Favorite Book?— Automatic Customer by John Warrillow
What CEO do you follow?— Her Husband
What is your favorite online tool?— Infusionsoft
Do you get 8 hours of sleep?— Yes
If you could let your 20 year old self know one thing, what would it be?— Take it from a nutrition expert, avoid gluten!
Credits
Show Notes provided by Mallard Creatives
Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop
17:5730/01/2016
Weird Way To Capture 25m Leads Free with Taylor Peck of iSideWith.com
Episode 156
Ep 158 Taylor Peck, the co-founder and editor of isidewith.com, the most popular political information platform in the world. Listen as Nathan and Taylor talk about how iSideWith generates revenue and reaches out to unique visitors.
YOUR $100: Remember to subscribe to the show on itunes then text the word "nathan" to 33444 to confirm that you've done it to enter to win $100 every Monday on the show. Do this now. Stop reading this and do it!
Click here to join the top tribe and instantly learn how Nathan made his first $10k at 19 years old: http://nathanlatka.com/startertribelive
Top Entrepreneurs join Nathan Latka daily inspired by, Art of Charm, Pat Flynn, John Dumas, Entrepreneur on Fire, Chalene Johnson, Lewis Howes, School of Greatness, HBR Podcast, the StartUp podcast, Mixergy, Andrew Warner, AskGaryVee, and the great hosts of BiggerPockets!
Bio
Taylor Peck is a political analyst and tech marketing consultant. He manages the data, research, and marketing aspects of iSideWith. Having a lifelong interest in politics, he was searching for a way to engage more voters.
Time Stamped Show Notes:
01:00 – Nathan’s introduction to today’s show
01:26 – Taylor joins the show
01:39 – iSideWith was created when Taylor and his roommate in college wanted an online outlet to discuss political issues.
03:10 – A lot of political affiliation quizzes are powered by iSideWith.
04:08 – Almost 25 million people have taken the quiz online.
04:47 – During the political season, the website is averaging 3 to 5 million unique visitors a month.
05:59 – The website gets more than 30% of visitors to participate in the quiz which is rare for a software based company.
06:15 – iSideWith makes money through Google AdSense (10K a month).
07:30 – Taylor lives on about 2,250$ a month.
08:59 – The company’s email list is about 3 million people – they’ve made it very easy to sign up by not asking for a lot of personal information.
10:22 – Political candidates will run sponsored ads on the site to collect emails.
11:39 – The campaigns pay to advertise on a CPA basis (cost per action).
12:46 – Taylor’s website generated 10K in revenue in November.
14:10 – iSideWith is starting to reach out to other countries. Many expenses go to translation services and research.
15:14 – Famous Five
3 Key Points:
Successful CEO’s like Warren Buffet don’t just make a lot of money, they’re just as good at keeping their expenses low and investing intelligently.
iSideWith focuses on growth by developing interactive tools for political candidates instead of generating ad revenue.
“Independence isn’t missed until it’s gone.”
Resources Mentioned:
Growth Geeks – The way Nathan hires growth hackers on a per project basis for things like info graphics, blog posts, and other growth projects
LinkedIn – Taylor’s LinkedIn
iSideWith – Taylor’s business
David Heinemeier Hansson – CEO Taylor follows
Jumpcut – Taylor’s favorite online tool
Storming the Magic Kingdom – Book Taylor stands by
Famous 5
Favorite Book?— Storming the Magic Kingdom by John Taylor
What CEO do you follow?— David Heinemeier Hansson
What is your favorite online tool?— JumpCut
Do you get 8 hours of sleep?— Yes
If you could let your 20 year old self know one thing, what would it be?—Independence isn’t missed until it’s gone.
Credits
Show Notes provided by Mallard Creatives
Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop
20:0830/01/2016
How To Quickly Build Million Dollar SaaS Company with Jonathon Ende of Seamless Docs
Episode 156
Ep 156 features Jonathon Ende, the founder and CEO of Seamless Docs, a next generation e-signature platform that specializes in working with businesses and governments to digitize and automate their pdf and form processes. Listen as Nathan and Jonathon talk about how local governments are using Seamless Doc’s services to modernize cumbersome forms.
YOUR $100: Remember to subscribe to the show on itunes then text the word "nathan" to 33444 to confirm that you've done it to enter to win $100 every Monday on the show. Do this now. Stop reading this and do it!
Click here to join the top tribe and instantly learn how Nathan made his first $10k at 19 years old: http://nathanlatka.com/startertribelive
Top Entrepreneurs join Nathan Latka daily inspired by, Art of Charm, Pat Flynn, John Dumas, Entrepreneur on Fire, Chalene Johnson, Lewis Howes, School of Greatness, HBR Podcast, the StartUp podcast, Mixergy, Andrew Warner, AskGaryVee, and the great hosts of BiggerPockets!
3 Key Points:
It’s important for new startups to find their “perfect customer” AKA a target consumer who is in consistent need of a particular service or product.
One of the hardest things for an entrepreneur to do is to change people’s existing routines.
Account management is an effective way to promote the growth of businesses.
Bio Jonathon is an experienced CEO passionate about government innovation. He is dedicated to bringing his diverse skill set and applying all his resources to truly changing the way that government works. He has been honored by the GREAT Tech Awards winning a grant from the British Government and even receiving the award from Prince William and Mayor DeBlasio of NYC. He has also been appointed a NYC Venture Fellow by the NYEDC and the 92Y and won the prestigious NextCity Vanguard Award, the Grand Prize Winner of $100K at TechWeek NYC and winner of Code for America Technology Award for Government Innovation. He also was a member of the prestigious Entrepreneur Roundtable Accelerator and Code for America Accelerator Program and is a member of the Urban.Us, 1776, and Govtech Fund portfolio and networks. Jonathon is excited to continue being a trailblazer within the Govtech community. He believes that interacting with your government can be a beautiful experience.
Time Stamped Show Notes:
01:00 – Nathan’s introduction to today’s show
01:50 – Jonathon joins the show
01:58 – Seamless Docs takes any existing PDF and turns it into an online ‘smart’ version.
02:40 – The idea is to make cumbersome forms easier to access by converting it from a PDF to a format that can be filled through various digital means.
03:34 – Government agencies and businesses are billed annually using Seamless Docs.
04:14 – Jonathon’s company is gaining clients at a rate of about 1 per day, and over 300 clients use the service right now.
04:39 – Most customers are local governments that pay between 5K to 100K a year for Seamless Doc’s services.
05:56 – Before Seamless Docs, Jonathon found that PDF’s came with various inconveniences.
06:03 – “One of the hardest things for an entrepreneur to do is to change people’s existing processes (routines).”
06:58 – Finding the “perfect customer” is crucial for an entrepreneur.
07:09 – The company struggled when it was first started in 2013.
07:55 – Nathan and Jonathon talk about convertible notes for Seamless Docs.
08:42 – Because Seamless Docs is primarily used by the government, it has a low churn rate. (less than 1%).
09:28 – The average customer pays an average of 17K annually.
10:05 – Seamless docs has been focusing on account management to foster growth.
12:40 – Forms in government are clunky and inconvenient. Jonathon’s services ensure that they’ll be digitalized and a more modern experience.
13:42 – Seamless Docs is predicting 10x growth by next year. 2 million -> 20 million.
15:14 – Famous Five
Resources Mentioned:
Growth Geeks – The way Nathan hires growth hackers on a per project basis for things like info graphics, blog posts, and other growth projects
LinkedIn – Jonathon’s LinkedIn
CrunchBase – Jonathon’s Crunch Base
Seamless Docs – Jonathon’s company.
Elon Musk – CEO Jonathon is mildly obsessed with
Intercom – Jonathon’s favorite online tool
The Lean Startup – Book Jonathon stands by
Famous 5
Favorite Book?— The Lean Startup by Eric Ries.
What CEO do you follow?— Elon Musk
What is your favorite online tool?— Intercom
Do you get 8 hours of sleep?— No, he’d be lucky to get 6.
If you could let your 20 year old self know one thing, what would it be?—Focus.
Credits
Show Notes provided by Mallard Creatives
Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop
18:5530/01/2016
The Genius Who Runs Ad Budgets of Politicians You Know with Vincent Harris of Harris Media
Ep 155 features Vincent Harris, the CEO of Harris Media and Chief Digital Strategist for Senator Rand Paul. Listen as Nathan and Vincent discuss the Harris Media’s online services and how it relates to political strategy.
3 Key Points:
As media choices become more and more fragmented, it’s become important to observe which online platforms can maximize a politician’s voice. (Reddit, Snapchat, Facebook)
Most online funding for political campaigns come through online email solicitations.
It pays to have more patience in one’s professional and personal life – and also to stress less about the little things.
BioVincent Harris is CEO of Harris Media and Chief Digital Strategist for Senator Rand Paul. Previously he has worked on the digital side of three Presidential races, having run all online operations for Texas Governor Rick Perry and Speaker Newt Gingrich’s 2012 campaigns. In 2014 Vincent was hired by Israeli Prime Minister Benjamin Netanyahu to oversee the digital operations for his Likud party’s successful campaign.
Vincent spent over three years working with Ted Cruz, whom many have credited his successful use of the web as part of his incredible underdog win. Under Vincent’s watch, the nationally acclaimed firm, Harris Media, has grown into a successful company with over 20 employees proudly headquartered in Austin, Texas.
Vincent is a strong believer in the power of the internet as a tool to influence the public arena, and his firm’s successes have been noted in numerous publications and news outlets. His expertise stretches from practical application into academia where he is working towards a PhD at the University of Texas and is blessed to be guest faculty at Baylor University.
He was named the youngest “Rising Star” in Politics by Campaigns & Elections Magazine and was recently profiled in Bloomberg, where he was dubbed “The Man Who Invented the Republican Internet.”
Time Stamped Show Notes:
01:00 – Nathan’s introduction to today’s show
01:38 – Vincent joins the show
01:48 – Vincent’s been working in politics since the age of 14, volunteering locally and building websites.
02:50 – At Harris Media, Vincent’s team manages digital communication for his clients by building websites, maintaining social media, and creating videos.
03:45 – As media platforms increase every day, reaching an audience is now dependent on new online trends and websites such as Snapchat and Reddit. Vincent watches these trends to most effectively reach audience members for his clients.
05:19 – Vincent’s firm has found that applications like Heyo are useful for getting emails.
06:13 – Roughly ten percent of Rand Paul’s online fundraising came from his online store which Harris Media maintains.
06:32 – In order to increase sales, Vincent’s firm allowed customers of Rand Paul’s online store to vote on which products they wanted on sale.
07:43 – According to Vincent, most political campaigns raise their money through online email solicitations.
08:30 – Rand Paul’s raised a little south of 10 million dollars through online means in the past 12 months for his campaigns.
09:27 – Harris Media makes money through online services for clients who usually pay them a monthly retainer. The company was started in Vincent’s dorm room in college and currently has about 35 employees.
10:37 – Vincent’s clients pay a range from 4K to 15K a month. The firm has about 15 clients. 11:22 – Although Harris Media is a conservative/libertarian agency – their clients are not necessarily politically affiliated.
12:50 – Vincent talks about a full day live stream for Rand Paul.
15:06 – Vincent believes that Trump is too brash with his political statements.
16:58 – Famous Five
Resources Mentioned:
Growth Geeks – The way Nathan hires growth hackers on a per project basis for things like info graphics, blog posts, and other growth projects
Too Conservative – Blog Vincent started in High School
Harris Media – Vincent’s Website mobile app
Wikipedia – More information on Vincent
Mark Zuckerberg – CEO Vincent keeps up with
Love Works – Book Vincent stands by
Over App – One of Vincent’s favorite tools
Perfect Video – Another of Vincent’s online tools
Famous 5
Favorite Book?—Love Works by Joel Manby
What CEO do you follow?— Mark Zuckerberg
What is your favorite online tool?— OverApp and Perfect Video
Do you get 8 hours of sleep?— Most nights, yes.
If you could let your 20 year old self know one thing, what would it be?—Be more trusting of God, stress less about the little things. And also to have more patience in his professional and personal life.
Credits
Show Notes provided by Mallard Creatives
Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop
20:3429/01/2016
Use Friends Money to Make $500k Ethically with Mark Gagner of Bridge Equity Group
Ep 153 features Mark Gagner, the president of Bridge Equity Group, a company specializing in single family fix and flip project in Northern California. Listen as Nathan and Mark talk about how the latter’s company remodels properties and flips them for profit.
YOUR $100: Remember to subscribe to the show on itunes then text the word "nathan" to 33444 to confirm that you've done it to enter to win $100 every Monday on the show. Do this now. Stop reading this and do it!
Click here to join the top tribe and instantly learn how Nathan made his first $10k at 19 years old: http://nathanlatka.com/startertribelive
Top Entrepreneurs join Nathan Latka daily inspired by, Art of Charm, Pat Flynn, John Dumas, Entrepreneur on Fire, Chalene Johnson, Lewis Howes, School of Greatness, HBR Podcast, the StartUp podcast, Mixergy, Andrew Warner, AskGaryVee, and the great hosts of BiggerPockets!
3 Key Points:
Properties that come with challenges such as foundational issues are good targets for remodeling purposes, because they have less competition on the market.
Fix and flippers often get their deals through wholesale, but it’s also possible to sustain business through skilled agents.
One can fund their business like Mark through various means such as hard money loans, private money loans, and personal savings.
Time Stamped Show Notes:
01:00 – Nathan’s introduction to today’s show
01:43 – Mark joins the show
01:52 – Gagner-Toomey Assoc. is a family run business Mark’s been running since 1999.
02:28 – The company trades about 2-4 million in electronic components every month and collects about 2-5% commission.
03:36 – Most of Mark’s resources are applied to his real estate business, Bridge Equity Group.
04:54 – For Mark’s most recent fix-up, his company bought a property for 400K and sold it for around 700K. The deal made roughly 100K after remodeling costs.
05:38 – Bridge Equity Group remodels kitchens, bathrooms, floors, and windows. They remake the house.
06:30 – The house was found off the MLS (multiple listing service).
07:21 – Mark targets properties that have challenges such as foundation issues. They have less competition and are more easily purchased.
07:41 – The majority of Mark’s deals are found through agents and sometime through wholesale.
08:42 – Bridge Equity Group plans on using direct mail to find buyers and sellers – one of the challenges is finding the right recipients.
09:28 – Many fix and flippers in the Bay area rely on wholesale, but Mark’s found agents who are very efficient at finding opportunities.
10:30 – His agents get bonuses after each project.
11:18 – Mark finances Bridge Equity group through hard money loans, private money loans, and personal savings.
12:16 – For the last deal with the 400K house, Mark puts a portion of his savings into remodeling the house, but not acquiring it.
13:30 – Mark is personally liable for things that don’t get sold, but luckily for him, in Northern California everything gets sold.
16:49 – Famous Five
Resources Mentioned:
Growth Geeks – The way Nathan hires growth hackers on a per project basis for things like info graphics, blog posts, and other growth projects
Bridge Equity Group – Mark’s company.
[email protected] – Mark’s email.
Gagner-Toomey Assoc. – Mark’s family business
Rich Dad Poor Dad – Book Mark stands by
Book by Rock Thomas – CEO Mark follows
Famous 5
Favorite Book?— Rich Dad, Poor Dad by Robert Kiyosaki
What CEO do you follow?— Rock Thomas, author of The Power of Your Identity
What is your favorite online tool?— No, not really.
Do you get 8 hours of sleep?— No
If you could let your 20 year old self know one thing, what would it be?— To have more of a mindset as an entrepreneur instead of staying in corporate.
Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop
20:0729/01/2016
He Pushed Button, $1 Trillion Transferred with Nick Sonnenbergof CalvinApp
Episode 152
Summary:
In Episode #152, Nathan speaks with Nick Sonnenberg, the founder of CalvinApp, a productivity mobile app designed to cut back on the amount of emails and texts sent back and forth when making plans. Listen as Nathan and Nick discuss the latter’s transition from making a seven figure salary to building his new startup.
YOUR $100: Remember to subscribe to the show on itunes then text the word "nathan" to 33444 to confirm that you've done it to enter to win $100 every Monday on the show. Do this now. Stop reading this and do it!
Click here to join the top tribe and instantly learn how Nathan made his first $10k at 19 years old: http://nathanlatka.com/startertribelive
Top Entrepreneurs join Nathan Latka daily inspired by, Art of Charm, Pat Flynn, John Dumas, Entrepreneur on Fire, Chalene Johnson, Lewis Howes, School of Greatness, HBR Podcast, the StartUp podcast, Mixergy, Andrew Warner, AskGaryVee, and the great hosts of BiggerPockets!
Time Stamped Show Notes:
01:00 – Nathan’s introduction to today’s show
01:47 – Nick joins the show
01:54 – For eight years, Nick used mathematical models and programs on Wall Street to trade stocks in milliseconds.
03:50 – There were many parallels with business and finance with automation that Nick observed as a high frequency trader.
04:50 – Nick was making seven figures before he decided to do his startup.
05:29 – Like many people, Nick values the ability to work on what he wants whenever he wants.
05:52 – Calvin App is funded by 200K of Nick’s own money and another 200K raised by family and connections.
06:21 – The company is looking to raise around 750K.
07:27 – CalvinApp stores the plans of a user and can compare it to those of another user to efficiently find a time both users are free.
09:33 – Instead of making money, the app’s current focus is to improve and get users.
09:45 – Moving forward, CalvinApp plans to make money through affiliate partnerships with services such as OpenTable and Fandango.
10:08 – Nick discusses a second interesting method with CalvinApp that is further down the road. (integrating into brands)
10:56 – CalvinApp has had about 400-500 downloads since coming out very recently on the app store.
11:35 – Who is Calvin?
13:07 – Famous Five
3 Key Points:
As a high frequency trader, Nick observed the benefits of automation not only in finance but also in everyday life.
CalvinApp allows a user to store plans and compare it to those of another user to efficiently find a time both users are free.
Soft skills such as marketing and web development can be just as important as hard skills such as engineering and math.
Resources Mentioned:
Growth Geeks – The way Nathan hires growth hackers on a per project basis for things like info graphics, blog posts, and other growth projects
LinkedIn – Nick Sonnenberg’s LinkedIn
CalvinApp – Nick’s mobile app
Jack Dorsey – CEO Nick keeps up with
Less Doing, More Living – Book Nick stands by
Slack – One of Nick’s online tools
Trello – One of Nick’s online tools
Evernote – One of Nick’s online tools
Famous 5
Favorite Book?—Less Doing, More Living by Ari Meisel
What CEO do you follow?— Jack Dorsey
What is your favorite online tool?— Slack, Trello, Evernote
Do you get 8 hours of sleep?— No
If you could let your 20 year old self know one thing, what would it be?—To get involved with web development and marketing instead of focusing too much on Engineering and Math.
Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop
16:5928/01/2016
How To Sell a $150/Yr iPhone App with Evi Meyer of uMake
In Episode #151, Nathan speaks with Evi Meyer, the co-founder and CEO of uMake. In the past, he led design and product management at AutoDesk’s Autocad mobile project. Listen as Jay and Evi talk about how the latter left his job as a project manager in Israel to develop uMake, a 3-D sketching app for mobile platforms.
YOUR $100: Remember to subscribe to the show on itunes then text the word "nathan" to 33444 to confirm that you've done it to enter to win $100 every Monday on the show. Do this now. Stop reading this and do it!
Click here to join the top tribe and instantly learn how Nathan made his first $10k at 19 years old: http://nathanlatka.com/startertribelive
Top Entrepreneurs join Nathan Latka daily inspired by, Art of Charm, Pat Flynn, John Dumas, Entrepreneur on Fire, Chalene Johnson, Lewis Howes, School of Greatness, HBR Podcast, the StartUp podcast, Mixergy, Andrew Warner, AskGaryVee, and the great hosts of BiggerPockets!
Time Stamped Show Notes:
01:00 – Nathan’s introduction to today’s show
01:26 – Evi joins the show
01:54 – Evi worked on Autocad mobile which is one of the most successful apps available today.
02:10 – uMake is based in both Tel Aviv for engineering and San Francisco for marketing and business.
03:04 – Evi’s team left Autodesk in order to dive into the 3D design market.
03:33 – uMake is the first 3-D sketching app on mobile platform.
04:11 – Founded in April 2014.
04:25 – The founders invested not only their savings in the project but also less palpable resources.
05:50 – On day one, the business had 80K, which converts to 240K Israeli sheqels.
07:11 – Evi made roughly 97K a year as a project manager in Israel.
08:13 – uMake raised 5.2 million in funding (equity) just recently.
08:32 – uMake was part of an Israeli startup accelerator, and Brian McClendon was one of the first to invest in it.
09:35 – Good investors are interested in what you’re doing and can support you.
11:50 – There are currently hundreds of people using uMake.
12:50 – To create a sustainable business on the app store, the product has to generate value for a user every day.
14:50 – The churn rate is difficult to determine because the app’s been on the store for only about a month.
15:40 – Average revenue per user per month is roughly 13-14$.
16:59 – Famous Five
3 Key Points:
One of the first of its kind, uMake is a 3D sketch tool for mobile devices used by professionals and hobbyists alike.
Good investors not only fund your project but care about the work you do and can support you in other ways like connections and relevant experience.
In order to create a sustainable business based on an app, a product has to generate value for a user every day.
Resources Mentioned:
Growth Geeks – The way Nathan hires growth hackers on a per project basis for things like info graphics, blog posts, and other growth projects
LinkedIn – Evie Meyer’s LinkedIn
CrunchBase – Evie Meyer’s Crunch Base
uMake – Evie’s 3-D sketching tool for mobile devices.
Aaron Levie – CEO Jay keeps up with
Trello – Evi’s favorite online tool
Famous 5
Favorite Book?— N/A Evi learns from his life.
What CEO do you follow?— Aaron Levie
What is your favorite online tool?— Trello
Do you get 8 hours of sleep?— No.
If you could let your 20 year old self know one thing, what would it be?—Be confident. Be who you are and do what you want to do.
Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop
19:3928/01/2016
Getting 1m Users Fast with Kelvin Lockwood
Episode 151
Summary:
In Episode #151, Nathan speaks with Kelvin Lockwood, the leader of the team behind Bundle, which is a mobile application that collects local news based on a user’s location. Listen as Nathan and Kelvin talk about how Bundle plans to reach users and generate revenue through mobile ads.
YOUR $100: Remember to subscribe to the show on itunes then text the word "nathan" to 33444 to confirm that you've done it to enter to win $100 every Monday on the show. Do this now. Stop reading this and do it!
Click here to join the top tribe and instantly learn how Nathan made his first $10k at 19 years old: http://nathanlatka.com/startertribelive
Top Entrepreneurs join Nathan Latka daily inspired by, Art of Charm, Pat Flynn, John Dumas, Entrepreneur on Fire, Chalene Johnson, Lewis Howes, School of Greatness, HBR Podcast, the StartUp podcast, Mixergy, Andrew Warner, AskGaryVee, and the great hosts of BiggerPockets!
3 Key Points:
There aren’t many mobile apps that can tell you the local news based on user-location. Facebook can’t because content doesn’t change when traveling.
Getting traction for a user base as a mobile app, the bar is set very high.
Boosting productivity can be as simple as spending less time on things that are not super meaningful in your life
Time Stamped Show Notes:
01:00 – Nathan’s introduction to today’s show
01:24 – Kelvin joins the show
01:38 – Bundle is a location driven mobile app, as a user moves around the app collects data and news from the surrounding area.
02:18 – Kelvin jumped ship from his account management job for his startup due to pursue his ideas
02:53 – Kelvin made roughly 50-60K a year in his old job.
03:24 – Bundle addresses a problem that isn’t often talked about – where people get their local news.
04:05 – Websites like Facebook generate local news but when traveling it’s not much use.
04:43 – Kelvin describes what a news feed would look like on Bundle in Austin, Texas.
06:32 – Bundle is currently testing in the UK and US. Anyone who wants to try the app, can request for access.
07:03 – Bundle makes money through mobile advertising.
07:47 – Kelvin’s team thinks there are 8 million prospective users in the UK and 24 million in the US.
08:44 – CPM(cost per mille) of 7$.
11:00 – Getting traction for use of mobile app is very high.
12:38 – By around December 2016, Kelvin hopes that the app will have around a million users.
14:04 – Famous Five
Resources Mentioned:
Growth Geeks – The way Nathan hires growth hackers on a per project basis for things like info graphics, blog posts, and other growth projects
Kelvin Lockwood – LinkedIn
Bundle – Kelvin’s mobile news application
Bundle – LinkedIn
@kelvinlockwood – Kelvin’s Twitter
Breeze– Kelvin’s favorite online tool
How Google Works – Book Kelvin stands by
Bridget Dunlap – CEO Kelvin follows
Andrew Strauss’s Books
Famous 5
Favorite Book?— How Google Works by Eric Schmidt and Andrew Strauss’ books
What CEO do you follow?— Bridget Dunlap
What is your favorite online tool?— Breeze
Do you get 8 hours of sleep?— No
If you could let your 20 year old self know one thing, what would it be?— Block out the distractions and non-meaningful things in your life.
Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop
20:2928/01/2016
How To Mathematically Figure Out Amazon Sales Potential With Michael Devlin
Episode 149.
Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop
20:2927/01/2016
How to Build SaaS Company in Small Biz Space, Sell for $30m With Jay Bean
Episode 148.
Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop
26:2127/01/2016
Would You Sell Your Business to WP Engine for $1m With Troy Dean
Episode 147
Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop
17:5527/01/2016
How to Profit Big and Give Back At Same Time with Yanik Silver
Ep 144 Yanik Silver redefines how businesses is played in the 21st century as the intersection of more profits, more fun and more impact. Starting with his first million-dollar idea at 3 o’clock in the morning, he has bootstrapped 7 other products and services to the 7-figure mark from scratch without funding, taking on debt or even having a real business plan. Yanik’s story and businesses have been featured in WIRED, TIME.com, USA Today, SmartMoney.com, MSN Money, Entrepreneur, Fox Business News, WORTH.com and the Wall Street Journal among others.
YOUR $100: Remember to subscribe to the show on itunes then text the word "nathan" to 33444 to confirm that you've done it to enter to win $100 every Monday on the show. Do this now. Stop reading this and do it!
Click here to join the top tribe and instantly learn how Nathan made his first $10k at 19 years old: http://nathanlatka.com/startertribelive
3 Key Points:
A business shouldn’t be just about earnings – it should have an aim that affects the world positively.
Self-publishing a book has some upsides like more flexibility and freedom.
Follow your heart when making a choice – it may not be an easy one, but you’ll likely make the right decision.
Episode Notes:
01:00 – Nathan’s introduction to today’s show
01:33 – Yanik joins the show
02:18 – Frequently, customers want the fish handed to them, not to be taught how to fish.
03:04 – Yanik got a very early start in entrepreneurship, he was a cold-caller at 16.
03:47 – Printed Salesmanship by Robert Rucksten My first 65 years in advertising by
05:16 – Yanik respects the value of books especially since some authors put their expertise of about a decade in them.
06:42 – About 100K people have read Yanik’s books.
07:26 – Self-publishing gives the author more flexibility with timeline and control.
09:51 – Yanik sometimes disagrees with the use of the words “give back” because it implies guilt, that something should be returned.
10:34 – Yanik talks about Maverick 1000 and its impact fund.
11:23 – One of the topics the group talked about was the decline of bee populations and how entrepreneurship could positively impact the problem.
12:18 – The membership cost for Maverick 1000 is about 1,500$ a month and 10% of it goes into the impact fund, which goes into projects.
13:32 – Maverick 1000 is currently around 125 members – there’s another entrepreneurial group called Maverick Next which is all 25 years and under.
13:55 – The organization has used about 2 million to create some sort of impact on the world.
14:34 – Famous Five
Related: Want to learn how to go from $0-$10k/mo in revenue fast? Join Nathan live on the Starter Tribe Beta free workshop.
Famous 5
Favorite Book?— The Great Work of Your Life by Stephen Cope
What CEO do you follow?— Sir Richard Branson
What is your favorite online tool?— Trello
Do you get 8 hours of sleep?— No
If you could let your 20 year old self know one thing, what would it be?— Continue following your heart. It might not make an easy decision but it’ll make the right one.
Resources Mentioned:
Growth Geeks – The way Nathan hires growth hackers on a per project basis for things like info graphics, blog posts, and other growth projects
Maverick1000.com – Yanik’s Entrepreneur group
Yaniksilver.com – Yanick’s website
@yaniksilver – Yanik’s Twitter
Facebook – Yanik’s Facebook
The Great Work of Your Life by Stephen Cope
Trello – Yanik’s favorite online tool
Want to learn how to go from $0-$10k/mo in revenue fast? Join Nathan live on the Starter Tribe Beta free workshop.
Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop
Top Entrepreneurs join Nathan Latka daily inspired by, Art of Charm, Pat Flynn, John Dumas, Entrepreneur on Fire, Chalene Johnson, Lewis Howes, School of Greatness, HBR Podcast, the StartUp podcast, Mixergy, Andrew Warner, AskGaryVee, and the great hosts of BiggerPockets!
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop
20:1525/01/2016
How Moms Can Quit Corporate For Their Own Startup with Liz Picarazzi of CheckListHomeServices.com
Episode 146 Liz Picarazzi personifies her company’s target customer. She’s spent the last decade juggling a corporate job, motherhood, and marriage, barely having enough time to maintain and improve her family’s biggest investment – their home. Inspired by a book that reminded her how much she loved shop class in middle school, Liz took a leap of faith and started Checklist Homes Services in 2011.
YOUR $100: Remember to subscribe to the show on itunes then text the word "nathan" to 33444 to confirm that you've done it to enter to win $100 every Monday on the show. Do this now. Stop reading this and do it!
Click here to join the top tribe and instantly learn how Nathan made his first $10k at 19 years old: http://nathanlatka.com/startertribelive
3 Key Points:
Running a handyman service has a lot of hidden costs like licensing, insurance, and worker’s compensation.
Juggling a corporate job, motherhood, and marriage is hard, but doable.
It’s important to explore what makes you happy and to have a good understanding of how to frequently feel good.
Episode Notes:
01:00 – Nathan’s introduction to today’s show
01:38 – Liz joins the show
02:10 – Liz started the business because she was disappointed in outside contractors for home services.
03:50 – Most customers find Checklist through Google search and they can customize their to-do list room by room.
05:00 – Checklist completed 65 jobs in October – the business is run by a local team of dedicated craftsmen.
05:41 – Checklist’s numerous services include TV mounting, AC installations, furniture assembly, painting, and caulking/grouting.
06:55 – The most common service purchased is the “Handyman for a Day” which is between 595 and 725$.
07:41 – Checklist’s craftsmen are benchmarked against those in the same field – they’re paid between 15-35$ an hour depending on their experience.
08:50 – There are a lot of unexpected costs running a handyman service –it needs to be licensed, insured, and take into account worker compensation which is 20% of a craftsman’s payroll.
10:51 – Per 400$ job, Checklist will make a net profit of about 60-75$.
11:21 – Liz has launched a second business related to Checklist – City Bin.
12:23 – Liz was making 6 figures at Bank of America before she started Checklist. (to get an idea of what she was doing before.)
14:39 – Famous Five
Related: Want to learn how to go from $0-$10k/mo in revenue fast? Join Nathan live on the Starter Tribe Beta free workshop.
Famous 5
Favorite Book?— Boss Life, Surviving my Own Small Business – Paul Downs
What CEO do you follow?— Managed by Q with Saman and Dan
What is your favorite online tool?— Mindfulness Daily
Do you get 8 hours of sleep?— Yes
If you could let your 20 year old self know one thing, what would it be?— Explore what made her happy and have an understanding of it so it can be recreated.
Resources Mentioned:
Growth Geeks – The way Nathan hires growth hackers on a per project basis for things like info graphics, blog posts, and other growth projects
Checklist NYC – Liz’s business
Facebook – Checklist NYC’s Facebook
Boss Life, Surviving my Own Small Business – Book Liz stands by
Managed by Q with Saman and Dan – Business Liz keeps up with
Mindfulness Daily – Liz’s favorite online tool
Think and Grow Rich – By Napoleon Hill
Audible.com
Want to learn how to go from $0-$10k/mo in revenue fast? Join Nathan live on the Starter Tribe Beta free workshop.
Top Entrepreneurs join Nathan Latka daily inspired by, Art of Charm, Pat Flynn, John Dumas, Entrepreneur on Fire, Chalene Johnson, Lewis Howes, School of Greatness, HBR Podcast, the StartUp podcast, Mixergy, Andrew Warner, AskGaryVee, and the great hosts of BiggerPockets!
Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop
19:5525/01/2016
How Students Can Sell First $6k with Elijah Montecelli of Montecelli Band & Satchel
Episode 145 Elijah Montecelli was in debt before he started his business selling hand-tailored Apple watch bands. Nowadays he spends his time honing his craft and developing new products for his company, Montecelli Band & Satchel.
YOUR $100: Remember to subscribe to the show on itunes then text the word "nathan" to 33444 to confirm that you've done it to enter to win $100 every Monday on the show. Do this now. Stop reading this and do it!
Click here to join the top tribe and instantly learn how Nathan made his first $10k at 19 years old: http://nathanlatka.com/startertribelive
3 Key Points:
There are a variety of online stores that a vender can utilize such as Ebay, Etsy, and Shopify.
There are two approaches to building a creative product business from the ground up – offering a constant product for a while or making tiers of a variety of products early on.
Getting started earlier is better – don’t wait.
Episode Notes:
01:00 – Nathan’s introduction to today’s show
01:26 – Elijah joins the show
02:04 – Elijah sells hand-tailored cuff bands for Apple watches.
02:52 – They’re sold on Montecelli.us
03:47 – At the beginning of August the bands were sold.
05:08 – Elijah sold his first product with Shopify, an online store builder – you can have it up two weeks for free.
06:40 – Elijah chose several different outlets like Ebay and Etsy to see which would bring in the most customers.
07:50 – 70% of Montecelli sales are on Etsy alone – also customers can request specific things through the website.
08:29 – Elijah is currently interested in expanding and creating more types of products.
08:43 – Also he wants his store to have different tiers of products for affordability
09:51 – Elijah’s become so used to making the same thing over and over that he wants to go back into the developmental cycle for a new product.
11:00 – Nathan believes as more jobs become automated that the creative job market will stay resilient because creativity and empathy can’t be emulated by machines.
11:27 – Nathan talks about Ben Uyeda from The Top episode 10, another creative type.
12:02 – Elijah is content making 20-30 sales a month as long as he’s able to develop new products.
14:04 – Five years from now, Elijah hopes that his store will become a more rounded out store.
14:30 – Nathan is a believer in first letting one or two products flourish before branching out.
16:01 – Famous Five
Related: Want to learn how to go from $0-$10k/mo in revenue fast? Join Nathan live on the Starter Tribe Beta free workshop.
Famous 5
Favorite Book?— The Luck Factor by Bryan Tracy
What CEO do you follow?— Gary Vaynerchuk
What is your favorite online tool?— Facebook Ads/Pixel
Do you get 8 hours of sleep?— It depends.
If you could let your 20 year old self know one thing, what would it be?— Elijah wishes he’d gotten started sooner selling his bands.
Resources Mentioned:
Growth Geeks – The way Nathan hires growth hackers on a per project basis for things like info graphics, blog posts, and other growth projects
Facebook – Montecelli Band & Satchel Co.’s Facebook
Instagram – Montecelli’s Instagram
Etsy – Elijah’s hand-tailored bands
The Luck Factor by Bryan Tracy – book that Elijah stands by
Gary Vaynerchuk – CEO that Elijah follows
Want to learn how to go from $0-$10k/mo in revenue fast? Join Nathan live on the Starter Tribe Beta free workshop.
Top Entrepreneurs join Nathan Latka daily inspired by, Art of Charm, Pat Flynn, John Dumas, Entrepreneur on Fire, Chalene Johnson, Lewis Howes, School of Greatness, HBR Podcast, the StartUp podcast, Mixergy, Andrew Warner, AskGaryVee, and the great hosts of BiggerPockets!
Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop
18:1625/01/2016
How To Get 10,000 Customers for Your SaaS Business with Pam OHara of BatchBook
Ep 143 Pam OHara of BatchBook joins Nathan.
Pam O’Hara is the CEO of Batchbook social CRM, which she co-founded in 2006. She is responsible for setting the overall direction and product strategy for the company. As a businesswoman and mother, she is committed to running a company that can adapt to the unique needs of both its employees and its customers in order to foster better organization, increased productivity and more balanced lifestyles.
YOUR $100: Remember to subscribe to the show on itunes then text the word "nathan" to 33444 to confirm that you've done it to enter to win $100 every Monday on the show. Do this now. Stop reading this and do it!
Click here to join the top tribe and instantly learn how Nathan made his first $10k at 19 years old: http://nathanlatka.com/startertribelive
3 Key Points:
As a business grows, it gains more sophisticated channels for customer acquisition.
It’s important for small businesses to be able to easily add employees and partners to their online communication networks – and Batchbook does just that.
Learning is a lifelong process, fail hard and fail fast instead of concentrating on getting every little thing right.
Episode Notes:
01:00 – Nathan’s introduction to today’s show
01:42 – Pam joins the show
02:31– Small businesses needed an online tool to keep up with their advertisers, customers, and speakers
03:20 – Pam met her lead developer for Batchbook on the playground where their children played
05:20 – Batchbook, an online service offers two pricings, 33$ or 46$ per month billed annually
05:30 – They are a 9-year-old company that is self-funded and has around 20 team members
05:50 – Batchbook is used by tens of thousands of clients – free and paid
06:36 – Batchbook was the first online organizational and sharing service to offer an unlimited user plan
08:19 – They charge by successful relationships that translate into contacts
09:36 – The average business using Batchbook pays 42$ a month
09:51 – Pam looked at things in terms of 10K increments while Batchbook grew
11:00 – For the first 10K in revenue, Pam’s priority was getting Batchbook’s name out through word of mouth and telephone (this was before Facebook was popular)
11:51 – As a business grows, it gains more sophisticated channels for customer acquisition
13:01 – Batchbook uses channels like Facebook, Twitter, and LinkedIn for customer acquisition -Targeting a very specific type of customer is usually more successful
13:31 – A big part of Batchbook is its integration with other software products
14:28 – Batchbook’s churn rate is private, but the majority of customer’s will stay into the second month (mostly because of the free 30 day trial)
15:45 – After the second month, Batchbook has over a 95% retention rate
16:13 – Currently Batchbook isn’t seeking outside funding
16:30 – Pam’s team is launching a new standalone product in the first quarter of next year
17:25 – Currently Batchbook is not at break-even due to marketing spend investments
20:07 – Famous Five
Related: Want to learn how to go from $0-$10k/mo in revenue fast? Join Nathan live on the Starter Tribe Beta free workshop.
Famous 5:
Favorite Book?— The Upside of Down by Megan McArdle and The Hard Thing About Hard Things by Ben Horowitz
What CEO do you follow?— Chris Schroeder
What is your favorite online tool?— Slack
Do you get 8 hours of sleep?— Pam gets 1 to 24 hours of sleep every night – highly dependent on her three kids.
If you could let your 20 year old self know one thing, what would it be?— Continue to learn and make mistakes instead of concentrating on doing everything right.
Resources Mentioned:
Growth Geeks – The way Nathan hires growth hackers on a per project basis for things like info graphics, blog posts, and other growth projects
Batchbook – Pam’s business
The Upside of Down by Megan McArdle – A book Pam stands by
The Hard Thing About Hard Things by Ben Horowitz – another book Pam stands by
Slack – Pam’s favorite online tool
Chris Schroeder – CEO Pam follows
Want to learn how to go from $0-$10k/mo in revenue fast? Join Nathan live on the Starter Tribe Beta free workshop.
Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop
23:5724/01/2016
Art of Your First Six Figure Launch with Kimra Luna
Ep 142 Kimra Luna joins Nathan.
Kimra Luna is a personal branding and online business strategist who helps freedom-seeking entrepreneurs to stand out, captivate their audiences’ attention and monetize their authentic brands online.
In 2014 and after being on government welfare for over 4½ years, Kimra defied the odds grew her business from zero to $880k in sales in the less than a year.You can find Kimra on YouTube, Twitter, Pinterest and of course Facebook where she consistently provides advice and guidance to her group The Freedom Hacker’s Mastermind.
YOUR $100: Remember to subscribe to the show on itunes then text the word "nathan" to 33444 to confirm that you've done it to enter to win $100 every Monday on the show. Do this now. Stop reading this and do it!
Click here to join the top tribe and instantly learn how Nathan made his first $10k at 19 years old: http://nathanlatka.com/startertribelive
3 Key Points:
Demand for sales on the internet usually grows exponentially right before closing hours.
Growing a community based on Facebook ads and other means can be achieved for less than 2$ per conversion.
For those just starting out, remember to go for it! Don’t hold back.
Episode Notes:
01:00 – Nathan’s introduction to today’s show
01:44 – Kimra joins the show
01:54– Kimra sells a signature program called Be True, Brand You
02:03 – In her first year of business, she made 880K in sales from the program
02:42 – Before the program, Kimra was a health and wellness food blogger
03:31 – Sales page for program not up currently – the program runs for short periods per year
04:00 – Kimra’s website was designed by Diane and Peach – it’s hand drawn
05:17 – Kimra goes over all her expenses for her program (facebook ads, team, copywriting, sales page, brand video, photoshoot)
07:23 – At first, Kimra’s ad revenue was used for previously familiar audiences
08:45 – In February, Kimra’s list was 10K-11K, by end of launch, 12K.
09:19 – Advertising for her webinar is kept below 2 dollars per conversion (people who saw it)
10:48 – Audience members usually purchased a product after watching 4 webinars
11:16 – 1500-2000 members register for each webinar, about half of them show up
11:30 – The webinars are about 90 minutes long and cover a wide variety of topics
12:03 – Kimra doesn’t do sales on the webinar event, but usually the demand is much more massive last minute
13:07 – Luckily because most of Kimra’s list is in her Facebook community, she doesn’t have to email much
14:03 – The 2K digital course buys into a membership site with videos covering the ins and outs of online marketing – Kimra also answers individual questions from members
16:00 – Kimra grew her group and list simultaneously
18:13 – Famous Five
Related: Want to learn how to go from $0-$10k/mo in revenue fast? Join Nathan live on the Starter Tribe Beta free workshop.
Famous 5
Favorite Book?— Don’t have one
What CEO do you follow?— Nope, don’t have one
What is your favorite online tool?— Leadpages
Do you get 8 hours of sleep?— No, she’s got three children. (Whew!)
If you could let your 20 year old self know one thing, what would it be?— Go for it! Don’t hold back. Just go for it.
Resources Mentioned:
Growth Geeks – The way Nathan hires growth hackers on a per project basis for things like info graphics, blog posts, and other growth projects
Kimraluna.com – Kimra’s website
Diane and Peach – People who designed Kimra’s website
LeadPages – Kimra’s favorite online tool
Want to learn how to go from $0-$10k/mo in revenue fast? Join Nathan live on the Starter Tribe Beta free workshop.
Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop
20:5924/01/2016
Case For Quitting Your $100k Corporate Job with Stig Brodersen of We Study Billionaires
Ep141 Stig Brodersen holds a master’s degree in Finance, has studied Business Analysis at Harvard University, and he’s the co-founder of the BuffettsBooks.com educational site. During graduate school Stig co-founded a consultancy firm, providing clients with legal and financial advice relating to personal finance. Upon graduation Stig sold his shares in the firm to become a commodities trader in one of Europe’s leading energy trading companies. Now, Stig works as a college professor teaching a variety of courses including financial accounting, investment and economics. Stig also owns the investment company Stig Brodersen Holding.
YOUR $100: Remember to subscribe to the show on itunes then text the word "nathan" to 33444 to confirm that you've done it to enter to win $100 every Monday on the show. Do this now. Stop reading this and do it!
Click here to join the top tribe and instantly learn how Nathan made his first $10k at 19 years old: http://nathanlatka.com/startertribelive
3 Key Points:
“If you can’t be the person that you really are [in a workplace], you should leave for the sake of everyone.”
“Success is probably the simplest thing in the world. You just have to do the same thing as successful people and then stop doing the same thing that unsuccessful people are doing.”
Being a commodities trader is a strenuous, long hour job that pays a lot of money.
Episode Notes:
01:00 – Nathan’s introduction to today’s show
02:00 – Stig joins the show
02:27 – “Always be good to other people.” – Easy to say, hard to practice
03:56 – Million monkeys flipping coins, one should be lucky – a Warren Buffet metaphor
04:40 – Stig quit his job as a commodities trader to teach and run a podcast
05:23 – Being a commodities trader involves working very long hours
06:08 – A trader gets a base salary and a bonus which is usually more appealing than the base salary
06:49 – Stig made between 200K and 400K on his base salary as trader
07:25 – As a trader, Stig dealt in energy like stocks. He started in 2011 and quit in 18 months
08:43 – “If you can’t be the person that you really are, you should leave for the sake of everyone.”
09:09 – Luckily, Stig didn’t struggle with paying rent or food in his off period
09:47 – His living expenses per month was a few thousand dollars
10:25 – Something that stuck with Stig: “Success is probably the simplest thing in the world. You just have to do the same thing as successful people and then stop doing the same thing that unsuccessful people are doing.”
11:31 – Nathan and Stig discuss audio equipment
12:46 – Stig makes money in Denmark teaching making 6-7K a month
13:51 – Stig discusses his podcast and having a co-host
16:41 – Famous Five
Related: Want to learn how to go from $0-$10k/mo in revenue fast? Join Nathan live on the Starter Tribe Beta free workshop.
Famous 5
Favorite Book?— The Snowball – by Warren Buffet
What CEO do you follow?— Warren Buffet
What is your favorite online tool?— Boomerang
Do you get 8 hours of sleep?— Often, but less on the weekends.
If you could let your 20 year old self know one thing, what would it be?— Don’t worry Stig, you won’t be single for the rest of your life.
Resources Mentioned:
Growth Geeks – The way Nathan hires growth hackers on a per project basis for things like info graphics, blog posts, and other growth projects
The Investor’s Podcast – Stig Brodersen’s podcast
The Snowball: Warren Buffet and the Business of Life – Book Stig stands by
Tap Dancing to Work – Another book Stig stands by
Eddy Communications – Nathan’s audio/studio team
Want to learn how to go from $0-$10k/mo in revenue fast? Join Nathan live on the Starter Tribe Beta free workshop.
Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop
20:0324/01/2016
How To Launch Your First Conference with Ryan Moran of Freedom Fast Lane: Financial Freedom, Personal Growth, and Extraordinary Living
Ep140 Ryan Moran of Freedom Fast Lane: Financial Freedom, Personal Growth, and Extraordinary Living
Ryan Daniel Moran is one of the most sought after and well respected leaders on entrepreneurship in the marketplace. He is best known for helping businesses develop their million-dollar plan, getting rapid results, and investing the profits for passive income. Ryan is recognized for cutting out the fluff and creating the “fast lane” to results without compromising your lifestyle or being a slave to your business.
YOUR $100: Remember to subscribe to the show on itunes then text the word "nathan" to 33444 to confirm that you've done it to enter to win $100 every Monday on the show. Do this now. Stop reading this and do it!
Click here to join the top tribe and instantly learn how Nathan made his first $10k at 19 years old: http://nathanlatka.com/startertribelive
3 Key Points:
‘Real companies’ that have potential for growth offer products and services that are independently sought by customers. Not just from websites like Amazon.
If you want to have an exit with a cash flow business, you need to build it like to acquire customers and influence the marketplace.
For the younger viewers, you don’t have to do something the way everybody says you should, you can blaze your own path.
Episode Notes:
01:00 – Nathan’s introduction to today’s show
01:30 – Ryan joins the show
02:40 – To sell on Amazon, one should focus on ranking high on search keywords
03:25 – ‘Real companies’ offer products and services that are independently sought out by consumers – not just on Amazon
03:41 – Ryan’s team’s total topline revenue in October: 500K
04:06 – Primary expense of being in a products business is usually cost of goods sold (COGS)
04:45 – For Ryan and his team of 6, COGS is around 30% (in the ballpark)
05:40 – Costs include salary, sales, and advertising
07:08 – For publicity, Ryan’s team often sponsors athletes or bloggers
07:54 – Ryan’s primary focus is to scale into new areas and to find new ways to capture customers once they purchase through Amazon
08:42 – Ryan’s team will put things in their packaging in order to direct attention to some of their other products
09:05 – Some examples of what are put in their product shipments
10:18 – Ryan’s team nets just under 50% of their topline revenue of 500K
11:03 – Ryan and how he sold his yoga products business
13:14 – Selling a cash flow business is possible but not easy
14:30 – If you want to have an exit with a cash flow business, you need to build it like to acquire customers and influence the marketplace.
16:00 – Details on Ryan’s next conference
17:55 – Famous Five
Related: Want to learn how to go from $0-$10k/mo in revenue fast? Join Nathan live on the Starter Tribe Beta free workshop.
Famous 5
Favorite Book?— Straight-Line Leadership by Dusan Djukich
What CEO do you follow?— Glen Beck and Tai Lopez
What is your favorite online tool?— Ryan prefers a physical journal (probably black moleskin)
Do you get 8 hours of sleep?— Most of the time (unless the baby’s having a particular night)
If you could let your 20 year old self know one thing, what would it be?— Realize that you don’t have to do something the way everybody says it should be done. Blaze your own path.
Resources Mentioned:
Growth Geeks – The way Nathan hires growth hackers on a per project basis for things like info graphics, blog posts, and other growth projects
freedomfastlane.com – Ryan’s website
Glen Beck – Businessperson Ryan follows
Tai Lopez – CEO Ryan follows.
Straight-Line Leadership – Book that Ryan stands by
Want to learn how to go from $0-$10k/mo in revenue fast? Join Nathan live on the Starter Tribe Beta free workshop.
Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop
23:0623/01/2016
How To Build an 8 Figure Business Fast with James Marks of WhipLash
Ep139 James Marks of WhipLash joins Nathan.
James Marks is the Co-Founder and CEO of Whiplash, a shipping department for e-commerce. He negotiated his first commercial lease when he was 17 and has been building companies ever since.
YOUR $100: Remember to subscribe to the show on itunes then text the word "nathan" to 33444 to confirm that you've done it to enter to win $100 every Monday on the show. Do this now. Stop reading this and do it!
Click here to join the top tribe and instantly learn how Nathan made his first $10k at 19 years old: http://nathanlatka.com/startertribelive
3 Key Points:
Whiplash’s success is attributed to being flexible in order to suit their clients’ needs.
There is a balance between profitability and growth that affects your company’s stability and direction.
For those younger starting out, remember to enjoy the journey because the road is long.
Episode Notes:
01:00 – Nathan’s introduction to today’s show
01:17 – James joins the show
01:20 – Whiplash is order fulfillment for e-commerce
01:59 – Shipping might seem like a simple industry but it’s surprisingly difficult
02:26 – 330K in revenue in October from carrier fees, handling fees and monthly storage fees
03:26 – About 600 dollars per client per month. 157 clients equate to roughly 100K per month
04:19 – Whiplash’s warehouses rely on an organizational app
05:41 – The company is currently hiring for the sales and engineering departments
06:07 – James attributes his company’s success to being flexible to customer needs
07:11 – James is more concerned about who is investing in his company than the amount of money they are investing
08:36 – Whiplash is content with slower growth if it means stability and being on track
09:02 – The company launched in 2010 as a part time endeavor – became full time in 2013
10:42 – How Whiplash’s development affected equity distribution among its three cofounders
12:30 – Follow James on twitter and check out his website below
13:48 – Famous Five
Related: Want to learn how to go from $0-$10k/mo in revenue fast? Join Nathan live on the Starter Tribe Beta free workshop.
Famous 5
Favorite Book?— Small Giants by Bo Burningham
What CEO do you follow?— Richard Branson
What is your favorite online tool?— Voodoo Pad
Do you get 8 hours of sleep?— Yes
If you could let your 20 year old self know one thing, what would it be?— It’s going to be a long road, enjoy the process.
Resources Mentioned:
Growth Geeks – The way Nathan hires growth hackers on a per project basis for things like info graphics, blog posts, and other growth projects
Whiplash – James Marks’ company.
dynamidynamics – James’ twitter account
Small Giants by Bo Burningham – One of James’ favorite books
Voodoo Pad – James’ favorite online tool
Richard Branson – CEO James follows.
Want to learn how to go from $0-$10k/mo in revenue fast? Join Nathan live on the Starter Tribe Beta free workshop.
Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop
16:1823/01/2016
Smart Way to Buy Profitable Land with Mark Podolsky of Landgeek
Ep138 Mark J. Podolsky (AKA The Land Geek) is widely considered the Country’s most trusted and foremost authority on buying and selling raw, undeveloped land within the United States. He has been actively investing in Real Estate and Raw Land since 2001, and has completed over 5,000 unique transactions. Mark’s company, Frontier Equity Properties, LLC, is an A+ rated BBB real estate company. Mark has achieved this level of success largely due to his core business philosophy – “Happy Customers Guaranteed.” Mark is the host of one of the top rated podcast in the Investing Category on iTunes aptly title The Best Passive Income Model. He is also the host of the Land Geek Podcast- Work Smart. Earn More. Learn How.
3 Key Points:
The raw undeveloped land market is an untapped real estate niche that if bought and sold correctly, can generate considerable passive income.
Selling raw undeveloped land doesn’t require rehab, renters, renovations, or rodent control. It can be done from a computer anywhere.
Life is a numbers game. Don’t be fearful and take risks when you can.
Episode Notes:
01:00 – Nathan’s introduction to today’s show
01:53 – Mark joins the show
02:39 – Bought 160 acres of raw undeveloped land for 6,200$. Sold for 54,000$
03:14 – Mark’s company sends direct offers to land holders that are accepted at a 3-5% rate
04:21 – Why selling raw land is an ultimate passive income model
04:50 – Specifics on how Mark’s company turns a profit
06:15 – Land investing is an untapped real estate niche that isn’t intuitively profitable (at first!)
07:15 – The business is still dependent on the market
07:37 – 12% consistent annual returns
09:13 – Mark’s total topline revenue in 2014 was over 1 million dollars
09:21 – Mark’s company’s passive income exceeds its fixed expenses – generating over 20K a month
10:26 – Mark’s company’s average ROI is over 1000% on owner financing and 300% on flips
11:21 – Nathan’s post-podcast experiment
11:51 – Buying correctly, the undeveloped land market is a reliable source of income
12:05 – Amazingly most of the work is automated with software for Mark’s company
13:51 – The Famous Five
Related: Want to learn how to go from $0-$10k/mo in revenue fast? Join Nathan live on the Starter Tribe Beta free workshop.
Famous 5
Favorite Book?— Give and Take by Adam Grant
What CEO do you follow?— Elon Musk
What is your favorite online tool?— Voxer
Do you get 8 hours of sleep?— Yes
If you could let your 20 year old self know one thing, what would it be?— Don’t be fearful, be your authentic self, and understand that life is a numbers game. Take risks when you can.
Resources Mentioned:
Growth Geeks – The way Nathan hires growth hackers on a per project basis for things like info graphics, blog posts, and other growth projects
The Best Passive Income Model Podcast – Mark Podolsky’s podcast.
Thelandgeek.com – Resource for learning more about the raw undeveloped land market.
Voxer – Mark’s favorite communication tool.
Elon Musk – CEO Mark follows.
Give and Take by Adam Grant – Mark’s recommended business book.
Want to learn how to go from $0-$10k/mo in revenue fast? Join Nathan live on the Starter Tribe Beta free workshop.
Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop
16:3423/01/2016
How Experts Do $1m On Their InfoProduct Launches with Amy Porterfield of AmyPorterfield.com Episode 133
Ep 133 Amy Porterfield of AmyPorterfield.com joins Nathan.
YOUR $100: Remember to subscribe to the show on itunes then text the word "nathan" to 33444 to confirm that you've done it to enter to win $100 every Monday on the show. Do this now. Stop reading this and do it!
Click here to join the top tribe and instantly learn how Nathan made his first $10k at 19 years old: http://nathanlatka.com/startertribelive
3 Key Points:
Always take opportunities when they come
Don’t put all your eggs (affiliates) in one basket
Communicate with your audience
Episode Notes:
01:00 – Nathan’s introduction to today’s show
01:37 – Amy Porterfield’s Podcast #64
01:55 – Amy launched her Profit Lab program
02:47 – Closing the cart
04:03 – A combination of affiliates and cold traffic
04:24 – Picking affiliates
05:48 – The urge of the leader boards
06:46 – Don’t put all your eggs (affiliates) in one basket
07:49 – Amy talks about cold traffic and ads
08:44 – Amy talks about her webinars
10:55 – Communicating with your audience about price increase
12:57 – The power of retargeting
14:43 – Amy Porterfield’s Podcast #64 and Podcast #62
16:16 — Famous Five
Related: Want to learn how to go from $0-$10k/mo in revenue fast? Join Nathan live on the Starter Tribe Beta free workshop.
Famous 5
Favorite Book?— Rework
What CEO do you follow?— Elon Musk
What is your favorite online tool?— Slack
Do you get 8 hours of sleep?— I do, that’s why I’m so healthy
If you could let your 20 year old self know one thing, what would it be?— Every single thing works out how it’s supposed to work out
Resources Mentioned:
Amy Porterfield’s Podcast #64 and Podcast #62
Rework
Slack
Nathan uses Growth Geeks (my friend Mike’s company) to keep this blog and podcast at the top of the charts. Nathan hires growth hackers to do anything he wants for an hourly or monthly price to avoid bringing on full time employees/fixed costs. Mike and Nathan have hooked you up with a free growth hacker: Click here and get your first job done free.
Want to learn how to go from $0-$10k/mo in revenue fast? Join Nathan live on the Starter Tribe Beta free workshop.
Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop
19:0723/01/2016
How To Make Money Off Events with Gilbert Welsford of Sparks Entertainment Episode 134
Ep 134 Gilbert Welsford of Sparks Entertainment joins Nathan.
YOUR $100: Remember to subscribe to the show on itunes then text the word "nathan" to 33444 to confirm that you've done it to enter to win $100 every Monday on the show. Do this now. Stop reading this and do it!
Click here to join the top tribe and instantly learn how Nathan made his first $10k at 19 years old: http://nathanlatka.com/startertribelive
3 Key Points:
Create authentic relationships.
Rent capital equipment at 10% of the purchase price.
Don’t shy away from businesses with large, up-front capital expenses—they payoff is there if you’re patient.
Episode Notes:
01:00 – Nathan’s introduction to today’s show
01:28 – Sparks Entertainment
01:53 – A creative lighting company for events, tours, etc.
03:50 – Fees range from $2k to $150K
04:05 — $100K worth of business in September ‘15
04:35 – Spark also does Audio/Visual engineering, and staging
04:54 – Spark does a LOT of corporate events
05:30 – The client acquisition process
06:22 – Costs involved in the business—very capital intensive
06:39 – Profit margins for 1-off events are roughly 70 to 80% but that does not account for capital expenses
07:28 – Spark is still in high-growth mode
07:55 – Rent equipment out at 10% of the purchase price—so items are paid off depending upon how quickly they are rented
08:35 – Growth—what it looks like
10:14 — @GilWelsford
11:23 — Famous Five
Related: Want to learn how to go from $0-$10k/mo in revenue fast? Join Nathan live on the Starter Tribe Beta free workshop.
Famous 5
Favorite Book?— Think and Grow Rich
What CEO do you follow?— Steve Jobs
What is your favorite online tool?— Google Docs
Do you get 8 hours of sleep?— Yes
If you could let your 20 year old self know one thing, what would it be?— Slow down and enjoy college…you’re going to be able to do “it” (whatever that “it” may be) eventually
Resources Mentioned:
Growth Geeks – The way Nathan hires growth hackers on a per project basis for things like info graphics, blog posts, and other growth projects
Think and Grow Rich – Gil’s favorite business book
Want to learn how to go from $0-$10k/mo in revenue fast? Join Nathan live on the Starter Tribe Beta free workshop.
Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop
13:5123/01/2016
How to Make $250k In Health and Fitness Industry with Matt Gallant Episode 132
Ep 132 Matt Gallant joins Nathan.
Matt Gallant is a serial entrepreneur who’s collected over 7 million leads, scientifically tested well over 10,000 different marketing ideas, generate tens of millions of dollars online and built his dream international lifestyle. Matt currently resides in Panama with his beautiful wife.
YOUR $100: Remember to subscribe to the show on itunes then text the word "nathan" to 33444 to confirm that you've done it to enter to win $100 every Monday on the show. Do this now. Stop reading this and do it!
Click here to join the top tribe and instantly learn how Nathan made his first $10k at 19 years old: http://nathanlatka.com/startertribelive
3 Key Points:
Product quality should be a priority
Your product has to be unique and stick out
Look at what’s wrong with what you’re doing
Episode Notes:
01:00 – Nathan’s introduction to today’s show
01:40 – Source of the 7 million leads
02:15 – Matt’s strongest revenue is his supplement company
02:45 – Breakdown of Matt’s company production costs
03:56 – Restocking the supplement company
04:38 – Custom funnels for every affiliate
06:02 – Matt talks about his products’ nature – enzymes and probiotics
06:46 – Matt discusses his expertise in the field of health and supplements
07:57 – Your product has to be unique and stick out
09:09 – Look at what’s wrong with what you’re doing and doing it right
09:38 – www.masszymes.com
11:56 – Revenues per e-mail address
12:02 – Gold Lantern Lead Tracking Software – Infinite Profit Solutions
14:08 – Matt talks about investments outside his online market (real estate)
16:23 — Famous Five
16:25 – Breakthrough Advertising
17:08 – Richard Branson
17:15 – Gold Lantern
17:21 – A big sleeper
17:39 – Learn how to invest right now
Resources Mentioned:
www.masszymes.com
Gold Lantern Lead Tracking Software – Infinite Profit Solutions
Breakthrough Advertising
Famous 5
Favorite Book?— Breakthrough Advertising (I’m reading/listening to an underground book all the billionaires recommend called Business Adventures. I got it for free. Click here to get your free audiobook and listen to it during the holidays.)
What CEO do you follow?— Richard Branson
What is your favorite online tool?— Gold Lantern
Do you get 8 hours of sleep?—I’m a big sleeper
If you could let your 20 year old self know one thing, what would it be?— Learn how to invest right now
Listen to The Top if you want to hear from the worlds TOP entrepreneurs on how much they sold last month, how they are selling it, and what they are selling - 7 days a week in 20 minute interviews! Join the Top Tribe at http://NathanLatka.com/TheTop
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop
18:4023/01/2016