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The Foundr Podcast with Nathan Chan

184: The Unconventional Approach That Built an Online Education Empire of 3M Students, With Ajit Nawalkha of Mindvalley

The Foundr Podcast with Nathan Chan

Nathan Chan

Marketing, Business, Entrepreneurship

4.8 • 662 Ratings

🗓️ 31 January 2018

⏱️ 45 minutes

🧾️ Download transcript

Summary

Unlike most entrepreneurs, Ajit Nawalkha doesn't focus on profit, revenue, sales, or customer surveys to grow his company. He's also been known to abandon some of his products, even when they're highly profitable, if they don't align with his vision. An unconventional approach, to be sure, but his personal development school Mindvalley has more than 3 million students and counting. So what does Nawalkha focus on? His mission is to create life-changing experiences for his customers, and does so by bringing them instruction from some of the most powerful speakers of our time. Nawalkha’s main goal is not to develop products, but to create "heart-centered experiences." And he believes this is the key to Mindvalley’s success in its quest to move their business—and all of humanity—forward. In this unique interview, you will learn exactly how Mindvalley creates these amazing client experiences, and its unconventional philosophy for measuring success. Nawalkha and Mindvalley have risen to the top by focusing not on conventional indicators of growth, but on making the world a better place—one client experience at a time. Key Takeaways How Mindvalley validates its products and finds out what its customers want (without using surveys) Mindvalley’s secret sauce to creating amazing experiences for its clients What many new entrepreneurs get wrong that limits their ability to grow and scale How Mindvalley measures success (it has nothing to do with revenue and churn rate)

Transcript

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0:00.0

This is episode number 184 with Ajit Nawalka of the Founder Podcast.

0:08.1

What you need is thirst.

0:09.8

You need to be a thirsty human who is intent on learning.

0:13.5

It's a really fascinating exploration of human potential.

0:19.7

The Founder Podcast.

0:22.7

Even the greatest entrepreneurs had help.

0:25.6

If you want to learn from the most successful founders on the planet,

0:29.1

you are in the right place.

0:31.3

Branson, Mark Cuban, Tony Robbins, Tim Ferriss,

0:33.5

Arianna Huffington, Steve Case, Gary V, Sophia Amorosa,

0:36.5

Barbara Corcoran, Damon John. Learn from the

0:39.0

greatest minds in business today with interviews hosted by Nathan Chan. This is not your average

0:44.7

entrepreneur podcast. The Founder Podcast.

0:53.6

Hey guys, thank you so much for tuning in. Before we start today's episode, I just want to let

0:59.8

you know that our goal at founder is to help entrepreneurs succeed however we can by giving

1:05.4

away high quality content in the form of interviews, blog posts, podcasts, YouTube videos, you name it.

1:12.3

We put out so much content to help you.

1:14.7

And another interesting project that we're working on right now is partnering with world-class

1:19.5

founders like Damon John, Alexa von Tobel, Greta Van Riel, and so many more to teach crucial

1:25.5

skills like negotiation, finance, e-commerce, and so much more.

1:31.8

So if you'd like to get access to these free trainings with founders like this, which is 100% free,

1:38.8

just go to founder.com forward slash free.

...

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