#171 - How to Generate Millions from Paid Events (Bootstrapped)

My First Million

Hubspot

Entrepreneurship, Investing, Business

4.8 • 2.7K Ratings

🗓️ 16 April 2021

⏱️ 64 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Shaan (@ShaanVP) and Sam (@TheSamParr) break down the events business step-by-step. Sam explains how he grew HustleCon from nothing into a powerhouse. Sam shares numbers and the techniques he used to generate sales and keep costs low. It's a masterclass on how to run an events business. The guys also discuss the "Billie of the Week" Sam Bankman-Fried, and how he became a billionaire at 29 from crypto. At the end, they brainstorm on the idea of "accountability coaching for X". --------- * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ * Support the pod by spreading the word, become a referrer here: refer.fm/million * Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas. --------- Show notes: * (1:20) The amazing story of how Sam Bankman-Fried made his fortune by the age of 29 * (14:01) How a gambler beat Vegas and a kid took over the internet * (22:27) Sam explains how to run and scale a profitable event step-by-step * (47:07) Brainstorming on "accountability coaching for X"

Transcript

Click on a timestamp to play from that location

0:00.0	When I first hosted my first event in June and the event happened,
0:05.2	or I decided to do it around June 1st and the event went place seven weeks later in August.
0:11.1	And when I started, I had coast to nothing.
0:13.3	I had a 200 person email list.
0:15.5	So there wasn't like this.
0:17.0	Oh, it's easy for you.
0:17.8	You have the hustle.
0:18.4	No, no, no, it didn't exist.
0:20.2	There was no website.
0:21.1	There was just a domain name called hustle cut.
0:23.6	And I hosted this event in the first six weeks.
0:27.2	It made about $60,000 in revenue and 50 ish, $1,000 in profit.
0:34.6	And a lot of people were surprised by that.
0:36.6	It was, but it wasn't that hard.
0:37.7	The second event you can see here, I'm going to say, how did you sell the $60,000 of tickets during that process?
0:43.3	Yeah.
0:45.8	I feel like I could rule the world.
0:47.8	I know I could be what I want to put my all in it like no days.
0:52.7	All on a road.
0:53.8	Let's travel never looking back today.
0:56.0	Sean, let's actually jump right.
0:57.8	You, I think want to do this bill you the week right away.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Hubspot, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Hubspot and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.