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BiggerPockets Business Podcast

73: Building an 8-Figure Game Company in 3 Years With Chris Meade

BiggerPockets Business Podcast

BiggerPockets

Business, Careers

4.8696 Ratings

🗓️ 15 September 2020

⏱️ 57 minutes

🧾️ Download transcript

Summary

Think you can’t come up with a million dollar (or TEN MILLION DOLLAR) idea sitting around with your buddies? Think you can’t build an 8-figure business and have a ton of fun doing it? Think you can’t build a business like this in less than three years? Then this episode is for you! Chris Meade -- twenty-something co-founder of the 8-figure game company Crossnet -- was a kid with a dream when he, his brother and a friend conceived of a new take on beach volleyball. With nothing more than a fun idea and some determination, they got prototypes designed, started selling individual games through viral marketing and are now on track to do over $15 MILLION in revenue in 2020. In this advice-filled episode, Chris breaks down many of his companies processes in detail. He starts by giving a step-by-step plan for finding overseas manufacturers to prototype, build and package your product -- incredibly inexpensively! He tells us how to do it, how much it costs, how long it takes, and then provides some pro-tips to keep you from making some big mistakes -- and not getting taken advantage of -- in the process. Chris then talks about how he and his partners were able to start selling the game using viral marketing techniques, social media, and their own sales funnels. From there, he goes on to provide some great advice for how to keep your product and marketing expenses low (including some tips on things that can be negotiated that you probably don’t realize). Make sure you listen for the single most important skill an entrepreneur needs to be successful. Chris discusses how he used that skill to get sales, to get his product on the shelves of the national retail chain, Dick’s Sporting Goods, to get a partnership with one of the largest sporting manufacturers in the world, and ultimately to get a partnership with a professional volleyball league that will allow his company to grow and expand beyond imagination. Check her out, and subscribe to the BiggerPockets Business Podcast so you won’t miss our next show! Links from the Show BiggerPockets Girls (HBO) Uber Alibaba Aliexpress ShipMonk Shipdaddy ShipBob Shopify BiggerPockets Business Podcast 01: How to Turn a Hobby Into a Booming Business (Then Get Your Life Back)—The BiggerPockets Story With Joshua Dorkin DICK's Sporting Goods SCHEELS Academy Sports Nationwide LinkedIn Okendo Wilson FreeUp BiggerPockets Business Podcast 41: Outsourcing Your Way to Millions with Nathan Hirsch of Outsource School Check the full show notes here: https://www.biggerpockets.com/bizshow73 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This episode is brought to you by Vanta.

0:03.5

Stressing over cybersecurity, whether you're a startup, growing fast, or already established.

0:08.6

Vanta can help you get ISO-27,01 certified and more.

0:13.5

Plus, it allows your company to centralize security workflows,

0:17.6

complete questionnaires up to five times faster,

0:19.7

and proactively manage vendor risk to

0:22.2

help your team stay compliant. Head to vanta.com slash Spotify to learn more.

0:28.5

So, you want to be a marketer. It's easy. You just have to score a ton of leads and figure out a way

0:34.8

to turn them all into customers. Plus manage a dozen channels,

0:37.9

write a million blogs and launch 100 campaigns all at once. When that's done, simply make your

0:42.6

socials go viral and bring in record profits. No sweat. Okay, fine. It's a lot of sweat. But with HubSpot's

0:49.9

AI-powered marketing tools, launching benchmark-breaking campaigns is easier than ever.

0:55.3

Get started at HubSpot.com slash marketers.

0:58.7

Here's the truth about AI.

1:00.8

AI is only as powerful as the platform it's built into.

1:04.4

Service Now puts AI to work for people across your business,

1:08.3

removing friction and frustration for your employees,

1:12.1

supercharging productivity for your developers, providing intelligent tools for your service agents to make

1:17.0

customers happier, all built into a single platform you can use right now. That's why the world

1:23.1

works with ServiceNow. Visit ServiceNow.com slash UK slash AI for people. Welcome to the Bigger Pockets

1:31.1

Business Podcast show number 73. It was really crappy for such a long time and I'd come home and I'd

1:38.8

work hours every day on it and it was like, this isn't worth my time anymore. I quit. I got a full-time job because I had to pay the bills.

...

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