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My First Million

#35 - King of Kickstarter

My First Million

Hubspot

Investing, Entrepreneurship, Business

4.72.9K Ratings

🗓️ 15 January 2020

⏱️ 48 minutes

🧾️ Download transcript

Summary

Shaan sits down with Peter Dering (@peterdering), Founder & CEO of Peak Design, maker of beautiful, highly functional redesigns of photography equipment. He quit his construction job and traveled the world with $25K in savings. After awhile, he found it to be a pain in the ass carrying his camera around with him. So he thought of a camera holder clip that’d go onto your bag strap. Next thing you know, he filmed a kickstarter video to accompany his simple yet revolutionary product and within 90 seconds of launching he had his first sale. Bags, tripods, straps. Almost every year Peak Design releases some sort of iteration of an outdated piece of equipment and it SELLS. Last year they employed 38 people and did $70m in revenue. He owns 100% of it. Like I said, you want to be this guy. He talks about the process of how you actually create a physical product from scratch, how to work with international distributors, why and how he structured a public benefit entity, how to offset business carbon footprint and how much it ACTUALLY costs (it's tiny!). Have a listen to learn how to kickstart your own carbon-neutral Kickstarter empire.  See acast.com/privacy for privacy and opt-out information.

Transcript

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0:00.0

All right, there's this amazing book called Getting Everything You Can Out Of All You've Got.

0:04.9

I read it a few years ago and it changed my life.

0:07.8

And the reason I loved it was because it basically talks about how to get and make more money

0:12.7

using things that you already have.

0:15.1

Coincidentally, today's podcast is brought to you by Business Made Simple.

0:19.6

It's a podcast by Donald Miller, who I'm going to tell you about in a second, but he has

0:23.3

this amazing episode that's all related to this book and the things that I learned in this

0:26.9

book.

0:27.9

It's called How to Make Money With What You Already Have.

0:29.4

It's an incredible episode.

0:30.9

It talks about all the stuff that I learned in this book.

0:33.2

The host is Donald Miller.

0:34.7

I didn't know who Donald Miller was up until recently, but over the last 12 months, this

0:37.9

is totally by coincidence.

0:38.9

There was all separate people.

0:40.2

They said you have to check out Donald Miller.

0:42.0

He's amazing.

0:43.0

So I'm happy that he's part of Howspot's Podcast Network.

0:45.5

You can check it out.

0:46.5

Business Made Simple Podcast.

0:47.9

It's where he coaches you on how to build your business like an airplane where the cockpit

0:52.1

is your leadership, the body is your overhead, the right engine is your marketing, the left

...

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