My Goal is To Put Them Out of Business (Paypal, Venmo). Will He Win? EP 262: John Rampton

Published: June 6, 2016, 3:03 p.m.

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John Rampton: a startup guru who was ranked #3 among the world\\u2019s top online influencers by Entrepreneur magazine. John\\u2019s recently founded the online invoicing company Due, and is aiming to put Paypal out of business. Listen as John and Nathan break down online influence and how to dominate an incredibly competitive market.

Famous 5
Favorite Book? \\u2013 Zero to One
What CEO do you follow? \\u2014 Richard Branson
What is your favorite online tool? \\u2014 Buffer
Do you get 8 hours of sleep?\\u2014 No
If you could let your 20 year old self know one thing, what would it be? \\u2014To take a lot more risks


Time Stamped Show Notes:
01:20 \\u2013 Nathan\\u2019s introduction
01:54 \\u2013 Welcoming John to the show
02:00 \\u2013 John\\u2019s spending the majority of his time working on Due
02:20 \\u2013 Due is a platform designed to help businesses get paid faster
03:00 \\u2013 \\u2018Every person in the world wants to get paid faster\\u2019
03:30 \\u2013 Do makes money with a 0.5-1% fee on credit card transactions
04:10 \\u2013 Launched 9 months ago; self-funded
04:30 \\u2013 Transaction volume in February 2016 was about $4 million
05:10 \\u2013 Made a little less than $40k that month
05:40 \\u2013 \\u2018I like going into hard-to-enter spaces\\u2019
06:30 \\u2013 John knows how to rapidly increase page rankings
07:25 \\u2013 20-30k people have used the site since it launched
07:40 \\u2013 Goal is to become \\u201cWestern Union for the modern world\\u201d
08:40 \\u2013 So much competition: How do you beat Venmo, Paypal and Stripe?
09:30 \\u2013 We\\u2019ve already had a multi-million dollar offer to buy
10:00 \\u2013 We\\u2019re not interested in being bought at the moment
10:40 \\u2013 John has invested close to $500k in this project
12:00 \\u2013 John\\u2019s company Pixloo was acquired rapidly for over $10 million
12:40 \\u2013 Patented the process of spinning a camera 360 degrees
15:20 \\u2013 Sole founder of Pixloo; minor founder of Maplenorth
16:00 \\u2013 Contact John on Twitter or via his blog
17:50 \\u2013 Famous Five

3 Key Points:
If you know exactly what you\\u2019re doing, it\\u2019s possible to enter spaces with a lot of competition. If you don\\u2019t know exactly what you\\u2019re doing - don\\u2019t try.
Take risks when you\\u2019re young. Don\\u2019t be afraid to put yourself out there.
Try things that seem crazy. The worst people can do is say no.

Resources Mentioned:
Freshbooks - The site Nathan uses to manage his invoices and accounts.
Host Gator \\u2013 The site Nathan uses to buy his domain names and hosting for cheapest price possible.
Leadpages \\u2013 The drag and drop tool Nathan uses to quickly create his webinar landing pages which convert at 35%+
Audible \\u2013 Nathan uses Audible when he's driving from Austin to San Antonio (1.5 hour drive) to listen to audio books.

Show Notes provided by Mallard Creatives

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