How We Got Our First 100 Customers (No Bulls**t, Specific Details)

22 Dec 2023 · 56 min

Ask about this episode

Ask anything about it. ChatGPT or Claude reads this page and answers with the times it was said.

Connect VO and ask about every podcast you hear, including the moments you saved. Add to ChatGPT · Add to Claude

In short

My First Million - Episode 534: How We Got Our First 100 Customers

Podcast Overview Hosts: Sam Parr and Shaan Puri Episode Title: How We Got Our First 100 Customers (No Bulls**t, Specific Details) Description: In this episode, Sam and Shaan share 11 specific methods they used to acquire their first 100 customers for various businesses. They discuss personal experiences and strategies that can help new entrepreneurs gain initial traction.

---

Episode Highlights

Introduction

  • Sam and Shaan introduce the episode, aiming to address the question, "How did you get your first 100 customers?"
  • They emphasize the importance of understanding the early stages of customer acquisition as foundational for scaling a business.

Customer Acquisition Methods

  1. Throw an Event Method (2:00)
  2. Sam shares how he hosted events for a roommate matching service, leveraging Craigslist to gather users.
  3. They created events in vacant apartments to attract potential tenants.
  1. The Floor-to-Floor Method (6:00)
  2. Shaan discusses how he went door-to-door in an office skyscraper to find catering customers for his sushi restaurant.
  3. He emphasizes the importance of understanding the gatekeeper in an office environment.
  1. The Magnet Method (12:30)
  2. Sam talks about his book club initiative that attracted like-minded business enthusiasts.
  3. The book club served as a selective filter for networking and customer acquisition.
  1. "Made to Stick" Method (14:00)
  2. They reference Dan and Chip Heath's book "Made to Stick."
  3. Sam's infographic strategy for the app Roommates was based on local stereotypes, leading to viral sharing and user acquisition.
  1. The No Risk Offer (19:00)
  2. Shaan outlines how his biotech startup offered a no-risk deal to landowners with stranded coal.
  3. The strategy involved proving the technology at no cost to customers, which helped build trust.
  1. Viral Content (25:00)
  2. Sam shares his experience of creating shareable content that resonated with specific demographics, driving large volumes of traffic.
  1. Use the Personal Story (30:00)
  2. Shaan discusses the effectiveness of storytelling in marketing.
  3. Using personal narratives helps create a connection with potential customers.
  1. Pissing in the Pond Method (35:00)
  2. Shaan describes targeting niche communities rather than the broader market for customer acquisition.
  3. Engaging with small, dedicated groups allows for deeper connections and brand loyalty.
  1. Booth Babes Method (37:00)
  2. Sam recalls a creative approach taken at a craft beer festival to promote a beer-tracking app through a scavenger hunt.
  3. Attracting attendees with games and prizes garnered significant leads.
  1. Launchpad Method (44:30)
  2. Shaan explains how he utilized partnerships and existing networks to gain visibility for new projects.
  3. Effective use of prior audiences can ease product launches.
  1. The David Blaine Method (48:30)
  2. Sam shares how dramatic stunts can attract attention and create buzz around a new business or product.
  3. Creating a storyline where there's a personal stake encourages engagement.

---

Key Takeaways

  • Event Hosting: Organizing events can create direct engagement with potential customers.
  • Leverage Existing Platforms: Using established platforms like Craigslist can provide initial traction.
  • Community Engagement: Tapping into niche communities allows for focused marketing efforts.
  • Storytelling: Personal stories can resonate with customers, leading to stronger connections and loyalty.
  • No-Risk Offers: Crafting offers that eliminate customer risk can build trust and encourage trial.

Links & Resources

  • [The Anti-MBA](https://www.theantimba.com/)
  • [Neville Medhora’s Blog on Hustle Con](https://www.nevblog.com/hustlecon-2014/)
  • [Ryan Hoover's Article on Fast Company](http://tinyurl.com/muva968r)

Check Out Shaan's Offerings

  • [Try Shepherd Out](https://www.supportshepherd.com/)
  • [Power Writing Course](https://maven.com/generalist/writing)

Check Out Sam's Offerings

  • [Hampton](https://www.joinhampton.com/)
  • [Ideation Bootcamp](https://www.ideationbootcamp.co/)

---

Conclusion This episode of My First Million provides actionable insights for entrepreneurs seeking to acquire their first customers. Sam and Shaan share real-life experiences and creative strategies that highlight the importance of understanding your target audience and leveraging unique methods for customer engagement.

Written by AI. May contain mistakes. Listen to the episode to check what was said.

Hear the part that matters, and keep it.Open this episode in VO. Double tap your headphones to save a moment as you listen.
Get VO free

Transcript

Automatic transcript. May contain errors.

0:28And then we were like, The question is, how did you get your first 100 customers in your businesses? And what are the best ways that you've heard of? So I'll ask you, Sean. But I personally have grown, I think, 5 things to$1 million to$10 million in revenue. I've grown one thing to well north of$10 million in revenue, multi-million dollars per month. I've grown a bunch of stuff to thousands of users. I've grown a bunch of stuff to hundreds of thousands. And I've grown one thing to millions. and we'll go through examples. And you've done the same. How many did Bebo have or Blab? Blab had like 4 million users.

1:04Yeah, basically we've done this a bunch of different times and a bunch of different ways. And so when we get this question, how did you get your first 100 customers? I actually really like this question. This is a very different question than like, what's your advice? It's like, forget the advice. Let me tell you literally what I did when it comes to how we grew our businesses at the very, very start. Because if you're at the start, it doesn't matter what somebody did to go to get to 10 million in revenue. What matters is how they got to$10 in revenue. How did they get the ball going? How did they get the initial momentum?

1:33Because if you don't do that by definition, you don't really get to, you know, you don't get to step two unless you've done step one. And so this is the step one episode. And I thought it'd be fun if we take the, our own, like just all the different projects that we've done and just try to label the method that we use to go and get those first 100 customers that got the ball rolling. Do you want to go back and forth? Yeah, let's trade off. All right. So the first thing that I grew, I'm actually not going to talk about it a lot because I didn't realize it, but I was breaking the law. But it was, I had an e-commerce store and I originally got my first 100 customers by posting in forums.

2:10But I'm not going to mention that. Statute of limitations. By the way, is that a real thing? The statute of limitations? Like, is there a real thing? Maybe we need producer Ari to let us know. By the way, show her in her sweater. Fantastic sweater. Okay, it's not a thing. So correct. Do not tell people what you were doing. I thought after 10 years, everything's forgiven. No, I'm not going to mention that. But all right. My first business was called Bunk. It was my first actual startup out of college. It was called Bunk. It was a roommate matching app. It was Tinder for roommates, which I always say was stupid.

2:39We should have done Tinder for Tinder because it was right when Tinder came out. It was swiping, clicking yes or no. But before it became an app, we actually just had a website that was built on Weebly. We probably did 50 ,000 in sales in a handful of months, something like that. And what we used to do is in San Francisco, it's mostly transient people. So people like me and Sean who moved there without knowing too many people. And you want to rent a one-bedroom apartment, but you can't afford a one-bedroom apartment. And so instead, there's a four-bedroom apartment where there's one room left and you apply to move in there.

3:10What a lot of people don't know is back then, and I don't know if it's this way now, But back then, literally 100 people would apply for that one bedroom. So the way that we got users is we went and found people who had... Landlords who had 4-bedroom apartments and 3-bedroom apartments. And we said, hey, we're going to host an event. It's not going to be a party. It was a party. It's going to be an event at your 3 - and 4-bedroom apartment. And we're going to have a bunch of prospective tenants there. And they're going to team up and get their own place. And so let's say that it was a 4-bedroom place for$4 ,000.

3:40We would create individual ads for a one-bedroom at$1 ,000. And back then on Craigslist, you could use HTML and create these beautiful images of what the apartments looked like. And it said, this is BunkSF. We help people, match people. This is a one-bedroom and a four-bedroom, but we're going to help you team up. And we would get 10 ,000 users a week coming to our BunkSF.com website. And that's how I got our first bit of users was through Craigslist. And the point being, the takeaway, by the way, is we already knew the seekers were there. And so it was just a piggyback where people already were.

4:16So the smart part there is using Craigslist because Craigslist already had a lot of search volume, basically. Instead of SEO, you use basically CEO. So it's like, go to Craigslist and use that traffic. But then hosting the event. What did you do in these events, by the way? Was there anything special you did? Or how did you get people to... Did you have to make it marketable? Or did you just make it normal? because I know for The Hustle, you had these great little events that you use called Pizza in 40s where you would invite a speaker to an event, but you would tape two 40-ounce beers to their hands.

4:50And the rule, this is a genius, by the way. This is so good. I remember when you did this, I was like, that guy, Sam, is cool. I want to be friends with him. Literally, I had that thought. And then I tried to become friends with him. I didn't even drink, by the way. At this point, I didn't even drink. But the name of the game was Pizza in 40s because we didn't have a lot of money. So we'll supply Costco pizza and we'll have beer. And the speaker has to have a 40 ounce beer. And the interview is done when the 40 ounce beer is done. Right, right. It's like a TED talk. But instead of 18 minutes, it was however long it takes to finish the beer.

5:18If he wants to get off the stage, chug, baby, chug. And you'd get a little bit more loosey goosey with the questions towards the tail end. That was genius. So that one was marketable. Was your did you have to do that for the apartment thing? Or was it as simple as saying, hey, come check out? So we would get hundreds of applicants for a four-bedroom. And we just emailed them. And we are very transparent in the ad. It said, This is not a one-bedroom. It's a one-bedroom and a four-bedroom. But what we're doing is we're going to host a party with 50 people. Here's the types of people who are coming, show up at this time.

5:49And then they would team up and get a place. And once they got a place, the landlord would tell us it came from us. And we would take money from both the user and the landlord. And yeah, we were just really transparent about it. And I would literally like ride my bike at the time to the house and be like, knock, knock. I'm giving you a hundred dollars, please. Or$300 or however much it was. And that's how we made money. But no, it was that it was very easy. But now you can't do this. Craigslist has changed how they operate. But this, by the way, is exactly how Airbnb got popular. All right. What's yours?

6:21All right. I'm going to give you my first business as well. So this is I'm 21 years old. We are starting a sushi restaurant chain and I'm living in Denver. And the way our thing worked, it was like a cloud kitchen. So it was because we didn't want to sign a 10-year lease and build out a physical location and have to go raise$500 ,000. We had a mentor who was like, what if you did a delivery only method and you rented a commissary kitchen by the hour? I remember we were paying$19 an hour instead of having to... So the contrast was we were about to sign a 10-year lease with a personal guarantee and drop about$300 ,000 to$500 ,000 to build it out?

6:58Or for$19 an hour, we could start Monday. And I was like, wow. You're 15 years in the future. I mean, you nailed it. Yeah, we were too early, but still. And so how do we get customers? Back then, DoorDash, Uber Eats didn't exist. So where are we going to get customers for our delivery-only restaurant? I didn't know any better. Knowing what I know now, I probably would have just run ads, local ads, maybe Facebook ads, Google ads, something like that for people looking for sushi. But I didn't know that at the time. and ignorance is a bit of a superpower. So the ignorance led us to our planning meeting was like 12 minutes long.

7:32It was like, we need customers. So like, hey, we got the kitchen now. Like we need customers. Hey, I don't know, walk around and ask people. So what I did was I went downtown and I did a version of door to door, but instead of door to door, I did floor to floor. So I went into a skyscraper because I wanted density. So I was like, oh, let me just go to this big office building. there's thousands of people working in this one building so i don't have to walk around all day i could just go in the elevator click one get out and talk to whoever i see click two get out talk to whoever i see i'll go up you know 30 or 40 flights in this building and what i realized when i was doing this was um it's kind of amazing i actually recommend this to pretty much anyone which is when you have a new thing you you have all these ideas about why it's so great but you haven't actually like pitched it to somebody in a concise way where you have i don't know 30 seconds to a minute to like get your foot in the door and then maybe another minute to explain what your thing is and then you got to make a call to action and try to get them to buy and my pitch really sucked but because i was floor to floor it was like high intensity 20 by floor 20 though it was solid i knew and so what i realized was okay you go in you can't bother people in an office you have to find the front desk lady her job is to greet a visitor so I said, okay, that's the accessible person.

8:47She also had a lot of clout. And so I learned about basically a local influencer. So when people think about influencers, they think it's got to be a celebrity. But actually, in any pocket of people, there is somebody who is more influential than the rest, any tribe of people. And in an office, that's always the person at the front desk. It's the office manager, the secretary, whatever you want to call it. And so I would go to this kind of office manager, and I would say, hey, do you guys ever do... So instead of saying, hey, would you like to eat some sushi? He was like, no, I don't just eat sushi from strangers.

9:17I realized pretty quickly that was my first pitch by floor two. I was like, all right, I'm not saying that again. So floor three and four, I realized, okay, I should actually ask them, like, do they ever do you guys ever do office catering for lunches or whatever for the group? And they would say yes. So I asked a question that had a very simple answer, a yes or no answer. If it was no, then I knew don't waste my time on this prospect. They're not going to order. But if it was yes, now I had one person who might order 50 lunches. in one order, right? Like they would order bulk. And so I would ask them, hey, do you ever order, you know, do you guys ever do catering for office lunches, maybe a birthday or a big meeting or just every Wednesday?

9:56And they were like, yeah, we do it every Wednesday. And I'd be like, awesome. I said, when you order, where do you typically order from? Oh, we always do the sandwich place, blah, blah, blah. I said, awesome. If you ever wanted to try something new, we actually just opened up a restaurant and I would love to do a deal with you guys where we actually do it for free one time, right? So I created an offer. I was like, I'd love to bring you a sample tray just for you. And you can invite a couple of people in the office to try it out. If you guys like it, we'll leave a menu with you guys. If you don't like it, no problem.

10:23We'll come back, clean it up. And I created an offer. I created an opening question. And I ended up getting my pitch right. And this one thing, we were profitable month one. I remember we made like 13 grand in the first month. And at the time, everybody said, restaurants, you don't make any money. And we were like, we're doing it. We're making money. This is fantastic. And so this floor-to-floor sales and understanding who is the gatekeeper, who is the person I need to get on board? And what is the sort of risk-free offer that I can offer them was where we got our first customers. How much revenue were you doing in year six?

10:54Or not year six, month six. Year six? Zero, dude. We quit in month three. Because what we realized was, we were like, all right, we were making, I don't know, tens of thousands a month. So I think we were doing like maybe 30 ,000 the first month and a little bit more the second month. And then by then it was like, dude, we were so worn out of just the process of running a restaurant. And we kind of had a realization. Great, we can keep scaling this, but that means we're going to have to keep doing this. And we were waking up at four in the morning, going to the fish market, staying there till 11 at night because we would do private caterings at night and doing dishes.

11:27And then we didn't know anything. It was so stupid. I didn't realize you should hire people. We just did everything. You were looking at your partners one day after work and you're like, bail? And they're like, bail. Like, we're out. We had a realization. We realized we were in the wrong business. we realized actually the genius of this was the delivery part. People actually liked food delivery, but they only ate sushi every couple of weeks max. And so we were like, oh, you know what we should do? We've been telling everyone for a year, we're going to create the next, you know, the Chipotle of sushi.

11:56Actually, what we should do is just deliver whatever the hell they actually want. They want sandwiches, dude. They want burritos. So we should just deliver that. That's the business, not the sushi part. And then we were like, all right, I think that's true. Do we want to do that? I was like, and you know, we had the smart thing, which was, hey guys, maybe the first business idea we ever had in our lives might not be the best one. And we're still young and we haven't committed anything to anybody. What if we just switched to a different business altogether? And I'm so glad we had that conversation because most of the time, if something's working, you're making a little bit of money and you've been telling everyone for a year, you just feel like you need to stay consistent with it.

12:32And that would have been a terrible decision for us. That's hilarious. All right, I'll tell you another one. so I'll skip the book club one but I'll mention it briefly I had a book club the anti-mba.com and that's how I met Siava I met Ryan Hoover this way some of my best friends dude I just put another ad on Craigslist and I said I'm organizing a business book club and it was just from Craigslist and I ended up getting 10 ,000 people signing up to my email list by the way again sorry can we name these methods I will call the first one you did either like piggybacking because you piggybacked off Craigslist or like host an event maybe that was the method you did yeah for mine it was literally door to door and it's like don't underestimate the fact that you can just by brute force hand-to-hand combat go get a hundred customers that way it'll only take you a few days to do that um and this third one you're talking about the book club we call it like the magnet there's something different to it because it wasn't just an event because what you did was you found a bunch of like-minded people because it was a filter the only people who want to do a book club for on for like biographies and business books are going to be the type of business nerds that you wanted to be around yeah create a product for and so like the selective filter where for 95 percent of people they're gonna be like hell no but five percent there it's a hell yes because it's like so niche to their obsessions and i think that there's something smart there that's different than just hosting a general event it's a magnet the learnings by the way for a book club no one reads the book except me i was the only one who read the book i was just like teaching the book.

14:03All right. I'll do the second one, though. All right. So Bunk was acquired for a very small sum. And we ended up turning it into an app called Roommates. We'll call this methodology made to stick, I guess. Because I learned this. One of the books that we read at my book club was called Made to Stick. It was by Dan and Chip Heath. I think they're experts on virality. And there was something in the book where it talked about... I forget exactly the phrase. But my takeaway was that phrase that I always say, niches make riches. And the idea being, if you ever see one of these BuzzFeed articles, and it'll be like 50 ways, 50 reasons why, or 50 things only Long Islanders will laugh at.

14:45Or 50 things you know you're an Italian American. Or 50 ways you know you're from St. Louis. And the thing about those is they don't get a huge amount of traffic. but the people in Long Island or St. Louis or who are Italian, they will always click it. And so the click-the-rate is through the roof. And so we didn't have a budget when we launched the app Roommates. And so what we did was I stole that learning and I created... We launched in LA, Chicago, Boston, New York, San Francisco, five or six cities. And so what we did was we made an infographic where we called it the typical roommates of San Francisco, the typical roommates of LA.

15:27and I had never even been to LA or New York or Boston. I'd never even been there. And what we did was each image of the infographic, it was 18 people, I think, or 15 people. And it said, here's the people from the marina, which is a neighborhood in San Francisco. Here's a typical roommate from the Mission, which is the hipster area of San Francisco. And in each thing, we said, where do they shop? And we named eight or four different places that they would shop. Where do they eat? What's a funny quote they would say? And I would read Yelp and I would find out in, let's say, New York, what is the most reviewed restaurant on Yelp in that area?

16:09And are people making jokes and saying that it's overhyped or whatever? And which stores are the most popular? And then what we did, we made those infographics and we shared them out on Facebook and Twitter and I think Instagram, I don't even remember where. And we tagged those restaurants in those stores. And most people are like, Oh, this is so funny. They totally know us, which we just stole it from Yelp, all the jokes. And they ended up sharing it. And we got something like 100 ,000 users just from that infographic, just from those five infographics. And if you Google, you guys can Google typical roommates of LA, and you'll see Huffington Post or all the local newspapers of those regions shared it.

16:47And that's how we got all of our initial customers from those four or five people graphics. I remember seeing the San Francisco one. It was really funny. It would be like, you're making it sound almost like it was

17:01utilitarian, but it was actually humorous, I thought. It was funny. It would be like, the marina. And then it would be like, whatever. I don't remember exactly how you phrased it, but it would be like,

17:14Kelsey is blah, blah, blah. And you would kind of make fun of them, but also backhanded compliment them. And then you would say, the upside, you'll always have Lululemon around the house. The downside, blah, blah, blah. And you would kind of poke fun at them. And because of that, everybody shared it. Because for their own neighborhood, they'd be like, that's so true. That's so true. That's so us. Oh my god, this is you. And then for others, that they didn't like the other neighborhoods, same thing. It was kind of like our team versus their team. And so a lot of people shared this thing. I was living in San Francisco at the time.

17:47I remember seeing that right when I actually moved there. And I was like, this is actually quite... It was useful because it's not info you really found anywhere else either. Right. It was supposed to be like the real take. So here's an example. This is Wrigleyville in Chicago. I've never even been there. But it's an image of a bro-y looking guy who I guess went to Indiana University and he's wearing a Cub shirt. It said average one bedroom rent, average two bedroom rent. Here's how much you would save if you had a roommate. and it says$310 per month or 20 Merkle's Fishbowls, which I guess is like a restaurant in that area.

18:20Or it would say avoids Pilsen and Andersonville. So it creates like the tribe thing. Those are other neighborhoods. Occupation, a PE teacher or a weekend bartender at Deuces. You'll probably find them at Wrigley Field Root Tops, crushing old styles or doing 17 shots of fireball. Secret Spot, the back bar of the stretch, trying to get the waitress to play, find the water or calling everyone boss. Shit they say. Hey, bro, want a shot ski? So like things like that, where we would make fun of people. But you'll notice we name as many brands as possible. The name of the game was throwing as many brands as possible.

18:55And those are the people who share. And that is how we got... I forget exactly how many users we had. But I remember I got paid on how many swipes people did. And they were swiping millions and millions and millions of times. Right. And so that's how we got traffic and users to the app roommates. All right, I'm going to tell you, I'm going in order here. So my next business was a biotech business in Australia. Go to Australia. Now, biotech is a very like, we're talking about scrappy startup stories. How do you get somebody to download an app? How do you get somebody to order food? Biotech is like science.

19:32You just go to an alley and you're like, hey, man, here's a needle. Do you want to try? Well, it wasn't like human body biotech. It was basically energy, clean energy. So the idea was our technology was there's coal that's underground and people think coal is real dirty because if you mine it, you bring it up to the surface and you burn it. Yes, it is very bad for the environment. However, our technology was this thing where you don't have to mine it. So you don't have to bring it out of the ground and you don't have to burn it. Instead, what you do is you pump little microbes into the ground, little naturally occurring microbes.

20:04And their natural feeding is basically they eat the coal, they basically decompose the coal. Essentially, it's like they eat coal and they fart out natural gas. So their natural metabolism of it will release natural gas, which then bubbles back up to your pipe in the surface. And boom, you have a flare. Was this like a company? Like a big company? Yeah, it was a company. It was a startup company. So basically the backstory was this guy in the United States, a scientist in the United States had gotten$40 million of government funding to develop microbes that would decompose ammunition. Because the government had, there's wars all around the world, and part of the environmental cleanup they had to do as part of the wars was they needed something that would decompose a lot of the ammunition and the waste product of the wars.

20:49And so what happened was somebody realized, the guy who, the CEO of our company, realized, hey, ammunition actually has a very similar composition to coal. I wonder if these bugs could decompose coal. And so, but it was speculative and we didn't know if it would work. It worked in the lab. Will it work in the field? Now, what are you going to do here to get your first customers, right? To get a customer, you need somebody that has, owns like land that has coal. You have to have permits. They have to let you like go do shit on their land. How is this going to happen? It's like so much friction.

21:20So what we did was what I'll call the method of the no risk offer. So what we did was we would go to, we said, who needs this the most? And we said, well, it can't be somebody that actually values their coal because we're going to go and we don't have the money to go buy this coal. Like we can't buy the land from them. Like if you own land with a bunch of, you know, coal, that's basically like fuel, like that's very valuable property. So we need to go to people that have stranded coal, meaning they have coal that mining, it would be uneconomic. It'd be too deep. It'd be too gnarly the way the ground structure is.

21:50So there is coal, but like, it's not good for mining. And so we got really tight on basically finding some for somebody for whom this was excess capacity. And I think Airbnb, that's what they did. They sold excess rooms, excess space in your house. So we took that same method. We said, how do we make a no-risk offer? So we went to them and we said, look, you're sitting on a bunch of coal. What's that? Who's an example? Like the landowner. We looked at the geographic survey. We would find where the stranded coal was, meaning coal that's not economic to be mined. Then we would go figure out from the property records who owns that.

22:24We would go knock on their door. We'd say, did you know you're sitting on a bunch of coal? And they'd be like, yeah, but you can't really mine it. We did a feasibility study. It didn't work. And we would say, great. What if I told you there was a way that you could make this many dollars per square foot without mining the coal? And I'm like, yeah, I'm interested. Okay, tell me more. And we said, well, look, we have this technology, but obviously we need to prove it. It'll only take us this much space. And here's the deal. We will do this all at our cost to do this whole method. Costs you nothing.

22:56And but if it works, we want to share the upside. And they were like, OK, so you might make my land way more valuable. And I only pay you if you do it. And if I don't, if it doesn't work, I'm out. I'm out. Nothing deal. And I'll throw in a tray of sushi. Exactly. And so we were able to do this. Now, this is something that this is also how Alex Ramozzi did his gym launch thing. If you listen to his story, what he would do is he'd go to the gym owners. you'd say, I have a marketing program. They're like, I don't want to buy it. We tried a bunch of marketing things. I don't have enough money anyways to go do this.

23:31I'm not going to buy your marketing program for$10 ,000. So he reworked his offer and he was like, how about this? I will increase your sales by$100 ,000 using my marketing method. And all I say is that any of the incremental revenue we bring in, we get to keep whatever, 15%. It's like, okay, so you keep 15%, but you don't get anything if you don't raise my revenue? It's like, yeah, if we don't raise your revenue by X, we get nothing. Yeah, no brainer. Hormozy did a no brainer offer. Main Street did the same thing really fast in the tech startup community by saying, hey, there's R &D tax credits available.

Read the full transcript

24:04We will do it for you. We keep 20 % or 25 % of all the extra tax credits you get. You're not going to do this anyways. So it's just free money for you. And so a lot of people use this no risk offer method. And I think that's a very, very fast way to bypass one of the hardest parts is if you're a new company, which is you have no relationships, nobody trusts you, you have no track record. So you need to offer them something that has like zero downside and only upside. How many customers did you get doing that? Well, ironically, what ended up happening was we had like five interested customers and then one of them was like, hey, hey, hey, if you're going to do this, I want to own this technology.

24:41Like if it sounds like basically don't go to my competitors with this offer, like they're going to, then they're going to have, you know, this benefit. it. I want this. And so then they came back later and they renegotiated the deal and they said, how about this? We'll give you$5 million and the land and we'll do the permitting for you. And then we're like, okay, what's the catch? And they're like, the catch is if this works, we want to be able to buy 50 % of the technology for 50 million. And then we were like, all right, fine deals. This business is so freaking hard. Let's try this. And in the end, I don't think it ever ended up working or I'm not sure what actually happened because I left after that deal was signed.

25:18I was like, okay, I'm not going to sit there. Microbiomes don't even like charcoal. So it turns out that it didn't even work. It worked in the lab, but it was like, I think it turned out to be kind of expensive. What actually happened is this field trial was going to take five years to do. I wasn't going to sit around and wait to the conclusion of this. And so I think what happened was like the guy who said yes got fired or took another job. The next guy who came in was like, I don't know. I don't want to fund this. And I have no idea what happened. It kind of died on the vine. But you got the customers, and that's the point of the episode.

25:44Yeah, exactly. The subsequent failure is irrelevant, okay? Yeah, that doesn't matter. All right, my next one. So I started a conference series called HustleCon. I ended up hosting this event maybe four or five times. The first time I hosted it, I decided to host it in May. And I think the event happened in July 1 or July 15. but I had roughly six weeks between deciding to do it and it happening. And I think I made 60 grand in revenue and I think 50 ,000 in profit. The next year, I think it was something like 180 grand in revenue and my costs were only 20 grand. So whatever that is, that's what I made.

26:30And then I did it again. And I think I made like a quarter of a million in revenue and like 200 ,000 in profit. And then we hosted a bunch more events. Pete did like 600k, right? Yeah, it made... Each event was doing... A couple times, we got close to a million. And I made a ton of mistakes. The biggest mistake I made is I made it like a TED event, not like a trade show. Had I made it like a trade show, I probably could have made tens of millions per event. But I just didn't know what I was doing. And I also charged$300 to attend this event. So I screwed up the business. But I did get a lot of hype right away.

27:03And the way that I got hype was I actually found one of my old posts. I would... This one is on Priceonomics. So this guy, Rohan, he has a blog called Priceonomics. And at the time, they were like the best bloggers out there. He was such a good blogger. And he would go viral all the time. So he was going to give a talk on content marketing. And what I would do is I think I had 8 speakers. I wrote a blog post every Tuesday and Thursday on each speaker. And I would go to Hacker News and I would go to Reddit. And I would figure out which subreddits would this article fit best in. And then later on, and my second thing I'm going to talk about after you go is I ended up eventually writing blog posts specifically that would get popular in Reddit or on Reddit and different subreddits.

27:50But at this point, I hadn't figured that out. And so right away, I think on the first day of business, I think I got 1000 people to come to the website. And then after that, it would go to like 1000 to 5000 on any given day. and you would go to the website and it would say a funny pop-up that I would get your attention and I would say, give me your email. And the hustlecon.com, you couldn't even purchase a ticket unless you gave me your email. You couldn't even see all the details. And so I would get people's email and I would subsequently, the way I had it set up was I would write blog post number one, put it on Reddit.

28:24Blog post number two, put it on Reddit. The traffic comes, I collect their email. When I get their email, they go into a cycle where they get sent blog post number one, then they get blog post number two. And then I would keep writing blog post number three, number four, number five, and I would keep emailing it to the past people. So it was like a cycle. And those people would share just a little bit. And that's how I eventually got 2, 3, 4, 5 ,000 people coming to the website. And I did another thing where I made the speaker look like a hero. So it was like a glowing article about them and they would share it within their company and each employee would share it to be proud.

28:58and that's how I got 2, 3, 4, 5 ,000 people. And I think the email list... If you Google HustleCon Nev Blogs, my friend Neville Medora, Nev, N-E-V-B-L-O-G, he wrote a blog post about how I made 60 grand in like six weeks and I list all the blog posts and emails that I sent. And that's originally how we got our first, I think 10 ,000 email subscribers. is just doing that blogging. And when I say we, I mean me in my kitchen, just like doing this in my crappy San Francisco apartment. That's, yeah, that's great. I remember reading those blog posts. They're really good. I highly suggest you go read those.

29:42They're detailed and specific, and you literally have screenshots of what you wrote in certain emails. And I think that's really cool to go see. I like when people share those specifics. Oh, do you hear that? You hear that? That's no. Dude, that's the thrill of the shill.

30:04I thought we had a pause. I thought we had a pause. I was like, wait, what? All right, you've got 90 seconds to thrill me. All right, for those who don't remember, the thrill of the shill is where we shill a thing, but the way we do it is with value. We do it by entertaining with a little bit of story. So I was going to talk to you about Shepard, but the way I did it was I asked Marshall, I go, yo, when you launch this thing, because this is now a business that is coming up on, like, I guess I really shouldn't say, but millions of dollars of profit a year. So a very, very, very healthy business.

30:34How old are they? Four years? Yeah, like less than four years old. So in less than four years, getting to basically eight figures in profit. Profit, not revenue, profit. So anyways, I was like, hey, dude, I'm doing this episode about how you got your first hundred customers. What did you do for Shepard? And he goes, well, I did a couple of things, but he's like, what I did was, he linked me to the tweet. So he did three or four steps in a row. So tweet one, I'll show this on the screen. He just goes, I'm launching a new business tomorrow. And then he did the sign emoji. And then he said, hint, it's an agency.

31:06And he had a small Twitter following, about 10 ,000 followers at the time. Not like a huge mega influencer, but enough. And that post itself has 350 likes. So that post itself probably got a bunch of people being curious, going inbound. And then what he did next, he's like, I'm going to explain it on my newsletter. So he goes to the newsletter and he writes this post And he goes, today I'm launching this new business, but let me tell you a story. And he goes, a few years ago, my business is struggling. Here's why. So he does what I call the personal story tactic, which is instead of pitching the solution that you've made, you pitch the problem that you had.

31:38And you tell a personal story where you reveal some information, you do some vulnerability, and hopefully other people resonate with the problem that you had. So he goes, my business was doing good. And he's like, but I, or so he's like, I had this business. It was kind of struggling. I was working all the time, but we never really had any profits. I realized I always thought I could solve the problem with growth. And then finally, one day I was like, maybe I should try to lower my costs. I didn't really know what to do. So I looked for where could I lower my cost? He goes, I heard about a guy who had hired somebody in the Philippines for less than a thousand dollars a month.

32:08Meanwhile, I was paying somebody five thousand for the same service. So I did it. I did another one. Here's a picture of me in the Philippines. We went out and met them because I was so amazed at how this worked. He goes, and so then that became my secret weapon. I was hiring overseas. And so now all of a sudden I went from profit margin of zero to profit margin of whatever, 15%. And that made the difference between the business sucking to the business being good. So I started doing this for a few friends just for fun. Finally decided I'm going to make a business called supportshepherd.com to help you find amazing employees that are 80 % less than the US equivalent.

32:39He goes, blah, blah, blah. And then he sent me the screenshot. We could show this on the screen. So this newsletter went to 12 ,000 people. It had an 11 % click rate, which is the power of a story versus an ad. And so normally an ad would get like a one to 3 % click. Exactly. So this is 10 times better. Why is it 10 times better? Because again, he kind of opened up the kimono and told a story. So to support shepherd.com, it says 1300 people clicked that link. And then that's where he got, you know, you can even assume even like a 3 % conversion on 1300 people is going to get you, you know, your whatever your, I don't know the math, but like, let's say your first 20, 30 customers to get the ball rolling.

33:15And for a business like this, where each customer is worth thousands of dollars, that was enough to sort of really actually move the needle. And then what he did was he just kept doing the same thing. And so if you want to hire people, go use Shepard. That's really the shill. But I actually like this method a lot. I remember that Ryan Hoover did this amazingly with Product Hunt also. I remember him doing this. So he did the hand-to-hand combat where every morning he would go to Phil's Coffee in San Francisco at like five or six in the morning. And for the first three hours of the day, all he would do would be reply to people's tweets.

33:47So anytime somebody said something about Product Hunt, he would reply personally. Anytime somebody mentioned a cool product, he would be like, that's awesome. Do you want to post that on Product Hunt? I gave you access. And he would manually, brute force, do this in the morning. But then he would go and he would go to Fast Company and say, hey, do you want to cover Product Hunt? And they're like, I never heard of it. No. So he's like, damn, I really want to get pressed, but I can't. They don't want to talk about products and it's not sexy enough. So then instead what he did was he would go to Fast Company and he would say, hey, I signed up a thousand customers for my side project in a weekend.

34:19Can I tell you how we did it? And I wrote this blog post. It's already written in this Google Doc. Will you guys run this as a guest post? And then if you go look, Product has a bunch of posts that he wrote. And so it was like he would get to 100 customers. Then he would write the post of how he got to 100 customers, get that posted somewhere on IndieHackers or whatever. That would get him to 1 ,000. Then he'd go write the post of how I got to 1 ,000 because he's like the generically interesting story. People aren't that interested in product time, but they are interested in how a guy can bootstrap his side hustle to 1 ,000 customers in a week.

34:52And he did the work for them. And he did the work for them. And so again, it was a no-brainer offer to basically say, hey, it's written. Do you want to run this or should I go, I like FastingUpdate. You guys should run this. If not, I guess I'll go ask somebody else. And that method I saw was something somebody else did that worked really well. All right. Solid thrill of the shill. Good job. You forgot the call to action. Join Shepard.com. Support Shepard.com. Support Shepard.com. Hey, quick message here, because you know that feeling when you send a wire and it actually works? No friction. Well, I've used Mercury for years now.

35:25And let me tell you, it just works. And that's why I use it for not one, not two, but eight of my companies, from credit cards to invoices. I have everything in one place. There's no janky dashboard. I'm never told, please visit a local bank branch. None of that tomfoolery. And a few months ago, I landed a big client. And the first thing I did, I sent them a clean branded invoice. Boom, deal closed, cash in the door. That's the kind of banking experience I want. And that's why I use Mercury. So if you're running a startup and you want banking that feels like it's built in this century, well, go to mercury.com and get started in minutes.

35:56Mercury is a financial technology company, not a bank. Bank, the services are provided through Choice Financial Group, column A, and Evolve Bank and Trust members, FDIC. All right. What's your next one? Okay. So my next one I call pissing in the pond. And pissing in the pond is as good of a method as it sounds like. So what you want to do, like you said. Sounds like a horrible method. There's riches and niches. Similarly, what you want to do is not try to boil the ocean. Bad phrase. You want to piss in the pond. Okay, so blowing the ocean is when you go try to get the mass market to care about what you're doing.

36:30It doesn't really work. What you want to do is say, all right, I'm small anyways. To me, when I have no customers, 10 customers is a big win. 100 customers is a phenomenal win. And so where can I go that is small but hyper-obsessed? And so what we did when we launched our e-commerce brand was we knew that there were Facebook groups dedicated to literally like comparing products in our niche. These weren't big, right? There were maybe 5 ,000 people total. And this is like, and Facebook, you know, I was like, that's kind of a small overall Facebook group. And what we would do is we'd go there and we would do the Marshall thing, just like he did with Shepard.

37:09We would go tell our story, which was why we started this brand. So instead of saying buy our product, we would say, hey, y 'all wanted to share my story, the ups and downs that's gone over the last six months trying to launch a brand that does this. And then we would share like, here were some of the ups we had. Here were some of the downs we had when we got screwed or we got scammed or we were so naive. And people really started rooting for us. And you can get people to root for you. And so that's how we for my e-com biz, we did, I think, 30 ,000 in month one in revenue, about I think 28 ,000 specifically.

37:42And our ad spend was only maybe$500 or$1 ,000. So we did try ads, but most of the revenue that first month came from this group. And this was really good because who those 100 customers are actually matters. And if you can get 100 of the hyper-obsessed people of a niche to actually give a shit about you and know about you, they are the ones who spread the word. They're the ones that other people look to for recommendations. And so it's actually quite valuable to go piss in that pond. And so you go to that group and the way you do it, that's acceptable where you're making the water warmer, not uncomfortable is you tell a story of the ups and the downs you've had trying to build something cool in this space.

38:20Why you started, what worked for you, what didn't work for you, some of the big mistakes you made, and people will then root for you because you're the underdog. Now, let me take you another example of this. So I can't believe we even did this business. I'm embarrassed to even say this is a business I was doing. But in our idea lab, we had a hackathon. And in the hackathon, our DevOps guy was like, hey, I built this app. It's like Foursquare. Foursquare was hot at the time. This is way back in the day. He's like, it's Foursquare for beers. And he's like, basically, every time you drink a beer, watch this, you scan the label and it checks in that beer and it keeps track of all the different beers you've drank.

38:57And then everybody's like, starts laughing. We're like, that's awesome, man. That's cool. You know, beer, who doesn't love beer? And so we were kind of like, maybe there's a thing here. And actually to this day, that actually there is a business called Untap that does this. And there's a, there's a version of this for wine. We were just the wrong people to start this business. Similar to the sushi business. I made the same mistake again, which was. You don't even drink beer. Do you? The guy who, I drink beer, but I'm not like a craft beer aficionado guy who loves to go try new craft beers. you're like drinking it.

39:24You're like, ah, yes. Yeah. Miller light. like i did a tour once and the guy was like smell these hops and i was like no thanks i don't you guys have french fries exactly i was like can i just drink it i don't care about all this so anyways um we had this app called beer hunt okay so how do you do it there was a craft beer so it was like where do you get again if you go to the mass market mass market is like me they don't care about beer enough to care about this product but instead there was a craft beer tasting festival or something like that in San Francisco. We went there and we tried to make a splash.

40:00This is also what I'll call the booth babes method. It's how do you actually make a splash at an event? And so we weren't hosting this when we were attending. And so we dressed up like it was Oktoberfest. We dressed up like in our, whatever, Lederhalsen and whatever. We wore outfits like we were straight from Germany. And we came and we created, we were like, people probably won't just download our app if we say download our app. So how do we give them something? What age were you when you did this? 23, 24 and so we but you know our whole company was older but we're all there and they were they were down for it which I liked you know our engineers are doing this and so what we did was we created a scavenger hunt for the conference we were like hey here's a little card if you can mark off all these things at this conference we're going to give one person like you know they're like whatever some beer dream it was like you know you're going to get a year supply of crap beer and it was like it didn't even matter what the prize was the idea was like people are going to wander around this place anyways they were happy to play the game of like marking things off as they went so we had our branded little scavenger hunt they would do it and at the end we would had a guy standing at the door he would collect them he would give them out and he would collect them and on it they had their email address and so now we had basically i think we had 1400 leads or something from the state it's 1400 leads of people who are so into craft beer that they will go to this craft beer, like paid money to go to this craft beer tasting festival type thing.

41:26And so then that those became the first, you know, whatever 700 customers, 700 people to download our app. And they really gave a shit. So that that really cranked the engine to get something started. Seeing you at a 23 year old you at a like fancy brewery, it reminded me of a time. One time I told Neville, I go, Neville, I've never been to a strip club or somehow it came up. and he was like, I'm going to take you right now. And I was like, I don't really want to go to a strip club. He's like, well, you have your flight at 5pm. There's a strip club near the airport in Texas. It's 2 o 'clock. Let's go.

42:00And I don't drink. So it's even worse. And we go out to the strip club and I'm so uncomfortable. I'm rubbing my hands. I don't know what to do with my hands. And these strippers come up and touch my shoulders and they're like, Hey, can I get you anything? and I was like, yeah, can I get some ketchup for these fries? Like the waitresses? Yeah. Like, and the food was only$6. It was$1 for fries,$5 for a sandwich. I remember texting my wife. I'm like, do I, how much do I tip? Because I kind of took up a seat, but I didn't do anything. It's just like, it was the most uncomfortable that I've ever been.

42:41It's like the first and only time I've ever been to a strip club was two o 'clock at the airport in Austin strip club. uh and that just can i tell you the one time i went to strip club it's it's an incredible story so i've been one time in my life you know maybe 22 years old something like that and we go and it's me people know me so i don't need to describe me but it's my buddy who's like the ladies man this guy like was the big man on campus he you know like your dorm has like an ra he's like hooked up with the ra's girlfriend and it's like that guy's a senior we were fresh and I was like, wow, this guy is amazing.

43:14And so we go with this guy. He's the man. And then we go with our other buddy who was like Mr. Long-Term Relationship. So he's been in a relationship forever and never met, never known this guy, not in a relationship, but he had just broken up. And so we go to a strip club because, you know, like in Vegas, they're like, hey, boys, you want some free drink? Get in this limo. We're like, oh, wow, what's the case? And they drive you like 30 minutes away to a strip club in there. Now you're here. And you have two free drink coupons that you can go redeem at the bar. So me and the ladies, we don't know what to do.

43:45None of us have ever been to strip club. So we go to the bar again. What do I, I'm uncomfortable. Let me just like find a safety net. It's like, let's go get a drink. Yeah, drink, drink, drink. That's a good idea. And we go, and then we turned and look for our friend, Mr. Long, Mr. Always Wifed Up. And he's not only not with us, he is holding hands with a stripper going into the back room. And I'm like, it's been less than like two minutes. We're like, we're like, What's he doing? And so we had several questions. One, I can't, like, why is he doing this so fast? Number two, why is he going to the back room?

44:20Isn't that, like, for, like, the high-tier stuff? Like, why isn't he just sitting here and watching the stripper? And three, most importantly, was, why did he pick her? Because he had picked, just objectively, completely scientifically, the least attractive stripper in the place. and so 15 minutes go by he comes back out and I'm like I have a thousand questions what happens in the back room how much does it cost do you have to tip on top of the cost I have so many logistical questions but most importantly why'd you pick her man you could have picked anyone here and he goes oh you can pick he goes oh he goes I thought it's like Harry Potter the wand chooses the wizard to this day the line, the one chooses the wizard is like etched in my soul.

45:10It just applies to any situation. And neither of us have been to a strip club since. Since. Never been again. Can't top that. Alright, I'll do one last one. Trends. Trends. We're going to go from shipper to what? Sass. Yeah. Sassy to sass. Yeah. I hope people have made it this far. Trends. Trends.co was a paid research newsletter that I launched. When we sold it 18 months after launching it, I think it was doing$400 ,000 or$500 ,000 a month in sales. I think we had 20 ,000 users or so. And it was great. Whatever. I screwed up a bunch of stuff with that, but we got some results. And the way that we got results is we started...

45:58And I did this as a little skunk project. And if you actually see the link, I list to my original Gumroad project. I made a Gumroad page. And I think it was like 400 words of me just writing a story explaining. So basically, the story was like in 1996, Jeff Bezos saw this amazing stat, which was that the internet was growing at 2300%. Nothing grows that fast, Bezos said, unless it's in a petri dish. And immediately then, he knew that he had to start an internet company that sold something. And so that was how it started. And then I said, Hey, everyone. I'm Sam. I invest in a lot of companies or I have this company called The Hustle.

46:38And I'm able to see a lot of interesting things. Next quarter, I'm launching this product called Trends where I'm going to break down interesting companies and explain how they work and hopefully identify a handful of trends as shocking as this Bezos one that he found. So you're going to be able to catch the tidal wave instead of miss it. I'm going to charge$300 a year for this. But right now, you just spend$100 and you get a lifetime of access. And so I got... Originally, I got 1 ,000 or 2 ,000 people to sign up for this. And I'll explain how. But before we even launched this whole project, I ran Facebook ads against this Gumroad page.

47:16And it made$60 ,000 in pre-sales. And the way that I got the initial 100 users is... The Hustle at the time probably had a million emails. and I just found the 300 engaged users and I sent them an email that basically explained the story and linked to the Gumroad page. And then what I did was I actually got on the phone with all 100 of them. And I asked them, why'd you do this? What are you looking for? What are your expectations? And then I went and made the first report based off of some of their insights and what they wanted. And then what we did was people would sign up to The Hustle and afterwards they would see a page that says, thank you.

47:53By the way, we have something coming soon. And it would link to this Gumroad page. Now, that's a little bit... If you're listening to this and you don't have an audience, you're like, wow, what the fuck? That's not really actionable. But I had to share, this is how we built... I think it was 400 or 500 ,000 by month 18. And so it worked. And we built the product around just calling those people. Yeah, that's like you had a launch pad. You had an audience that you had built for years, and then you were able to do this. And I wouldn't recommend doing that just to launch a product. but if you don't really know what product you want to launch it's not a bad idea to build a launch pad along the way but I did the same thing with Hampton and I would DM people on Twitter and you could say I have an audience so it helps I didn't use my audience but I did use my reputation so some people had known me but I cold emailed people on LinkedIn and I called people on Twitter so if you want to do this methodology you could still do it that way yeah and we didn't mention a couple of the obvious ones so ads we kind of loosely mentioned it, cold outreach.

48:51There's a bunch of traditional methods to try to do this. We told you what we did, which was partly because we were young and dumb and we didn't know any better. We didn't know that you could just, I didn't know you could just run ads or just do cold emails. I would go door to door instead. But also, some of it's in the specifics. So for example, for Milk Road, I had an audience. So I had a newsletter, I had this podcast, and I could have just mentioned it, but I layered on another tactic, which is what I call the David Blaine method. And, you know, David Blaine will do this shit where he's like, I'm going to freeze myself for a week.

49:27Yeah, watch me, you know, slightly torture myself and try to do something incredible. And it's like, all right. He's like, I'm going to freeze myself in a block of ice. I'm going to bury myself underground. I'm going to hold my breath until I pass out. Yeah, I'm going to, he literally did one where he's like, I'm going to hold onto these balloons and fly away. It's like, okay, dope. And he did it. He flew away like the movie Up. And so David Blaine does this stuff. So when we started The Milk Road, I was like, okay, I think if I told people that, hey, I'm starting a daily newsletter about crypto for people that want to read the latest kind of news and info on crypto, I think people would sign up.

50:01But I wanted to juice it a little bit. So how did I go a little bit further? I was like, let me do a stunt. And so I said, I am funding. And of course, you have to have some money to do this version of it. But you could really, David Blaine puts his body through torture. I put some money on the line. So what I did was I said, I'm going to put a million dollars in this wallet. You can go look at the address right now. Here's a million dollars in a wallet. And then I'm going to try to turn this into 10 million through trading crypto. And this is like, you know, Dave from Barstool does this with his Davey Day trader.

50:29You know, Jason Calcanis tried to copy that and do JTrader. Like people try to do a version of this where it's like, watch me try to run this bankroll up. I learned this from back in the poker days. I used to love when anyone would do this in the gambling or poker space. and they'd be like, I'm starting with this bankroll. I'm either going broke. I'm going to this level. I'm getting to this milestone. And here I'm going to post all of my history. And it never works out, but it's really fun to watch. And that's what I figured. And that's exactly what happened. I managed to turn a million dollars because we bought it like, you know, P crypto into what became like$350 ,000 at the bottom.

51:01And then now it's a little bit higher. But basically it's like, watch me lose money. But either way, watch me lose money is also entertaining. People will subscribe to watch me get my ass kicked. They'll watch, to watch me kick ass. And even better, they'll subscribe to find out whether I get my ass kicked or whether I kick ass. And the other version of this is, people call it now Build in Public. People do that. Before that, Buffer and ConvertKit did this stuff where they would share all their team's salaries. They would share all their team's revenue or the company's revenue. And it tends to work.

51:32I remember this guy named Pat Flynn from Smart Passive Income. He was one of the first guys to do this. He would share his monthly revenue and where it all came from. and I would go there every month to see what he was doing. And it totally worked. The extreme access works, but I think the other one is calling your shot or basically creating a storyline. So it's basically like, what is the story? There's the hero, they have a goal, and they have an obstacle. And then there's some stakes. There's something on the line. And I think that's the way to juice that up. So it's not just, I'm going to build in public, so I'll provide a monthly update.

52:04It's, I'm going to try to do X. And if I don't do X, you know like there's a there's a like i'm putting something on the line trying to get there and i'm going to try to do this incredible thing not just inch my way forward you know if i said hey i'm um you know i'll show you you know my you know some of the things i'm investing in that'd be okay but to say i'm going to try to turn a million dollars into 10 million or go bust that people want to watch more and so you know i think the david blaine spectacle method is another one i want to see you do that with your second trip to the strip club Build in public, bro I'm going to order as much food And free water as I can Until they kick me out of the strip club Can I make it over or under six hours Before they realize This guy's just here for the fries Alright, we gotta end there That's the pod I feel like I can rule the world I know I can be what I want to I put my all in it like no days off On the road, let's travel, never looking back

53:09Hey, let's take a quick break because there's a quote that I love I want to read you. It's that we shape our tools and thereafter they shape us. And as an entrepreneur, if you're using a bank that was built in the 90s, you're operating like you're in the 90s. And trust me, I've been there. Clunky portals, random holds on your money,$50 wire fees, and then being told, please visit your local branch. Well, that's why I switched to a different type of banking solution, Mercury. It turns your financial chores into a smooth workflow. You can do wires, invoices, cards, reimbursements, two clicks, and I'm done.

53:42If you're already using Mercury, respect. If you're still using one of the old big banks, I got questions for you. So go visit Mercury.com and give it a test drive. Mercury is a financial technology company, not a bank. Banking services are provided through Choice Financial Group, column N8, and Evolve Bank & Trust members, FDIC.

From the publisher

Episode 534: Shaan Puri (https://twitter.com/ShaanVP) and Sam Parr (https://twitter.com/theSamParr) answer the question, “How did you get your first 100 customers?” In this episode, they'll share you 11 methods.

No more small boy spreadsheets, build your business on the free HubSpot CRM: https://mfmpod.link/hrd
—
Show Notes:
(0:00) Intro
(2:00) Throw an event method
(6:00) The floor-to-floor method
(12:30) Magnet method
(14:00) "Made to Stick" method
(19:00) The no risk offer
(25:00) Viral content
(30:00) Use the personal story
(35:00) Pissing in the pond
(37:00) Booth babes method
(44:30) Launchpad method
(48:30) The David Blaine method

—
Links:
• The Anti-MBA - https://www.theantimba.com/
• Neville Medhora’s blog on Hustle Con - https://www.nevblog.com/hustlecon-2014/
• Ryan Hoover in Fast Company - http://tinyurl.com/muva968r

—
Check Out Shaan's Stuff:
• Try Shepherd Out - https://www.supportshepherd.com/
• Shaan's Personal Assistant System - http://shaanpuri.com/remoteassistant
• Power Writing Course - https://maven.com/generalist/writing
• Small Boy Newsletter - https://smallboy.co/
• Daily Newsletter - https://www.shaanpuri.com/

Check Out Sam's Stuff:
• Hampton - https://www.joinhampton.com/
• Ideation Bootcamp - https://www.ideationbootcamp.co/
• Copy That - https://copythat.com
• Hampton Wealth Survey - https://joinhampton.com/wealth

Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more.
—
Other episodes you might enjoy:
• #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits

• #209 Gary Vaynerchuk - Why NFTS Are the Future

• #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto

• #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett

• ​​​​#218 - Why You Should Take a Think Week Like Bill Gates

• Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More

• How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More

More from My First Million

All 431 episodes
How We Got Our First 100 Customers (No Bulls**t, Specific Details)My First Million · 56 min
Listen in VO