Published: Oct. 8, 2016, 9 a.m.
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Sujan Patel, an entrepreneur and a marketer who\\u2019s made a career out of learning how to keep an eye on ALL the moving pieces of his business. He\'s the co-founder of two successful digital marketing companies, ContentMarketer and Web Profits.
Famous Five:
- Favorite Book? \\u2013 Never Eat Alone
- What CEO do you follow? \\u2013 Elon Musk
- Favorite online tool? \\u2014 Buzzsumo
- Do you get 8 hours of sleep?\\u2014 \\u201cNo\\u201d
- If you could let your 20 year old self know one thing, what would it be? \\u2013 \\u201cI wish I knew that I could work harder\\u201d
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Time Stamped Show Notes:
- 01:43 \\u2013 Nathan introduces Sujan to the show
- 02:03 \\u2013 What is Web Profits and how does it make money?
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- 02:09 \\u2013 Marketing agency
- 02:20 \\u2013 Average retainer is $ 10,000 a month
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- 02:40 \\u2013 Reject 90% of the people
- 03:00 \\u2013 20 clients at the moment
- 03:05 \\u2013 Web Profits is founded earlier this year
- 03:12 \\u2013 Consulting firm
- 03:40 \\u2013 Joint venture with a big company in Australia
- 03:55 \\u2013 90 team members
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- 04:09 \\u2013 8 people are in Austin
- 04:21 \\u2013 Total revenue at the moment
- 04:28 \\u2013 Goal in 2016 is to hit a million
- 04:50 \\u2013 Sujan\\u2019s thoughts on distractions
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- 05:05 \\u2013 Sujan likes to do a lot of things
- 05:12 \\u2013 Additional 4 SaaS businesses
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- 05:28 \\u2013 ContentMarketer, Narrow.io, Quu.co, LinkTexting.com
- 06:40 \\u2013 Sujan helps in strategy
- 07:37 \\u2013 ContentMarketer has a few products
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- 07:44 \\u2013 Email and twitter outreach
- 08:09 \\u2013 Great for bloggers and podcasters
- 08:30 \\u2013 Just hit a million email sent
- 09:00 \\u2013 Finding an email is an art
- 09:26 \\u2013 Total number of customers on all the business
- 09:27 \\u2013 Average pay per month
- 09:55 \\u2013 MRR
- 10:15 \\u2013 \\u201cIt is definitely worth it\\u201d
- 11:20 \\u2013 RPU
- 12:00 \\u2013 Number of paying customers on Quu.co
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- 12:10 \\u2013 Quu.co as SaaS and an advertising content
- 12:53 \\u2013 Number of customers per promotion
- 13:09 \\u2013 ContentMarketer is a bootstrap
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- 13:15 \\u2013 Founding date
- 13:25 \\u2013 First year revenue
- 14:00 \\u2013 UX designs
- 14:25 \\u2013 Launching a new product
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- 14:55 \\u2013 Gross customer churn for ContentMarketer
- 15:10 \\u2013 No upselling
- 15:30 \\u2013 \\u201cWe know what product to sell\\u201d
- 15:48 \\u2013 4 team members for connector
- 15:56 \\u2013 Goal for the business
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- 16:10 \\u2013 Grow as big as possible
- 16:31 \\u2013 Sujan owns half of LinkTexting.com
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- 16:38 \\u2013 Acquired the whole company with a partner
- 17:16 \\u2013 Connect with Sujan through his blog and Twitter
- 18:50 - The Famous Five
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3 Key Points:
- It is easier to promote your products if you know them well.
- Have a bigger goal for your business.
- Creating a great email is like creating great art \\u2013 you need the right tools and the right artist.
Resources Mentioned:
- Toptal\\xa0\\u2013 Nathan found his development team using Toptal\\xa0 for his new business Send Later. He was able to keep 100% equity and didn\\u2019t have to hire a co-founder due to quality of Toptal\\xa0 developers.
- Host Gator\\xa0\\u2013 The site Nathan uses to buy his domain names and hosting for cheapest price possible.
- Freshbooks\\xa0\\u2013 The site Nathan uses to manage his invoices and accounts.
- Leadpages\\xa0 \\u2013 The drag and drop tool Nathan uses to quickly create his webinar landing pages which convert at 35%+
- Audible\\xa0\\u2013 Nathan uses Audible when he\\u2019s driving from Austin to San Antonio (1.5 hour drive) to listen to audio books.
- SujanPatel.com \\u2013 Sujan\\u2019s blog
- @SujanPatel \\u2013 Sujan\\u2019s Twitter handle
- Show Notes provided by Mallard Creatives
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