Secret Art of Getting Your Product Into Walmart with Vincent van de Poll of GROM
Ep 136\xa0Vincent van de Poll of GROM joins Nathan.
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\nVincent van de Poll, co-founder of GROM: Make Things Personal @500 Startups Batch 13, \xa0an entrepreneur with 12 years\u2019 experience in retail & E\xadCommerce, and 3D Printing.\xa0Vincent van de Poll has lived and worked in 4 continents. Specialties: Getting\xadshit\xaddone, Deal Closer, Growth Hacker, Sales, Marketing, Business Development, putting a smile on your face.
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\n3 Key Points:\n- \n
- Don\u2019t be afraid to split equity 50/50, but know that it doesn\u2019t come without consequences. \n
- Growing revenue by more than 20X isn\u2019t impossible, but it takes WORK. \n
- Fail fast and often. \n
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- 01:00 \u2013 Nathan\u2019s introduction to today\u2019s show \n
- 01:29 \u2013 Vincent joins the show \n
- 02:00 \u2013 Grom did $20K in topline revenue during October 2015 \n
- 03:40 \u2013 Search for \u201c\u2019Minion\u2019 or \u2018Inside Out\u2019 phone case\u201d onWalMart.com to see some of GROM\u2019s products \n
- 04:55 \u2013 What GROM does that\u2019s different from other 3D printing companies \n
- 06:15 \u2013 GROM\u2019s revenue percentages ranges per deal \n
- 07:15 \u2013 Net margins typically range between 40-60% \n
- 07:39 \u2013 Founded in 2012 \n
- 08:28 \u2013 Splitting equity \n
- 09:00 \u2013 GROM consists of 7 team members at the moment \n
- 09:15 \u2013 Have raised $180K thus far \n
- 10:38 \u2013 Total revenue in 2015 is $85K \n
- 10:48 \u2013 Going from $85K in 2015 to $2.2 million in 2016 \n
- 13:00 \u2013 The Famous Five \n
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- Favorite Book?\u2014 The Four Hour Work Week \n
- What CEO do you follow?\u2014 No \n
- What is your favorite online tool?\u2014 Asana \n
- Do you get 8 hours of sleep?\u2014 No \n
- If you could let your 20 year old self know one thing, what would it be?\u2014 Fail often, fail fast. Don\u2019t be afraid to fail. \n
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- Growth Geeks \u2013 The way Nathan hires growth hackers on a per project basis for things like info graphics, blog posts, and other growth projects \n
- @MrVandePoll \u2013 Vincent\u2019s Twitter \n
- The Four Hour Work Week \u2013 Vincent\u2019s favorite book \n
- Asana \u2013 Vincent\u2019s favorite software tool \n
- Want to learn how to go from $0-$10k/mo in revenue fast? Join Nathan live on the Starter Tribe Beta free workshop. \n
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
\nThe Top is FOR YOU if you are:
\nA STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
\nSTUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
\nAn influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
\nThe Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
\nYour 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.
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\nOprah 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