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SaaS Interviews with CEOs, Startups, Founders

EP 362: 10,000 Nurses Pay Him $110k/mo To Get Certified with Tony Leonard of NurseVersity.com

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

Ceo, Entrepreneurs, Founders, Software, Business, Entrepreneurship, Saas, Startups

4.6683 Ratings

🗓️ 21 July 2016

⏱️ 17 minutes

🧾️ Download transcript

Summary

Tony Leonard, founder and president of nurseVersity—a company that uses next-generation tools, cutting-edge research, and adaptive, personalized learning structures to help nurses and physical therapists prepare for the respective industry exams with maximum efficiency.

Famous Five:

Favorite Book? – Who Moved the Cheese
What CEO do you follow? — Bill Gates
Favorite online tool? — There are several
Do you get 8 hours of sleep?—No
If you could let your 20-year-old self know one thing, what would it be? — Sleep more; eat less.

Time Stamped Show Notes:
01:09 – Nathan’s introduction
01:25 – Tony’s company operates under a monthly subscription format
01:45 – He helps people pass their qualifying exams the first time
02:15 – 10,000 customers, with $152,000 in revenue last month
03:00 -- $35.50/month per customer
03:30 – Scholarship program
05:00 – One-time payments
05:40 – How they manage churn
07:30 – Cost to get a customer
08:40 – Company is based in Louisville, Kentucky
09:00 – Churn for their company
10:15 – Lifetime value is about $300 per customer
10:30 – They are looking to raise capital
11:00 – Capital to date is $4 million
11:15 – Connect with Tony Leonard on LinkedIn, or at Nurseversity on Facebook, or [email protected]
13:40 – The Famous Five


3 Key Points:
Show your customers you care.
Think of ways you can increase capital and scale your business.
Sleep more, and eat less.
Resources Mentioned:
Freshbooks - The site Nathan uses to manage his invoices and accounts.
Host Gator – The site Nathan uses to buy his domain names and hosting for cheapest price possible.
Who Moved the Cheese – Tony’s favorite business book
Show Notes provided by Mallard Creatives

Transcript

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0:00.0

This is the top, where I interview entrepreneurs who are number one or number two in their industry in terms of revenue or customer base.

0:09.0

You'll learn how much revenue they're making, what their marketing funnel looks like, and how many customers they have.

0:16.0

I'm now at $20,000 per talk.

0:18.0

Five and six million.

0:19.0

He is hell-bent on global domination. We just broke our 100,000 units sold mark Five and six million. He is hell bent on global domination.

0:21.2

We just broke our 100,000 unit sole mark.

0:23.9

And I'm your host, Nathan Latka.

0:28.3

Okay, Top Tribe, this week's winner of the Hunter Bucks is Daniel Al-Soudini.

0:32.7

He's based overseas.

0:35.1

He's an employee at a current company and can't wait to break free.

0:39.2

For your chance to win 100 bucks, Top Tribe, simply subscribe to the podcast now and then text

0:44.2

the word Nathan to 33444 to prove that you did it. Again, text the word Nathan to 33444 to

0:51.5

prove that you did it. I give away $100 bucks every Monday.

0:55.8

Top Tribe, this is episode 362.

0:58.6

Coming up tomorrow morning, you will hear from Douglas Lustid.

1:02.2

He's building the Google AdSense for physical billboards and did $250,000 in sales in 2015.

1:08.6

Top Tribe, good morning.

1:10.4

Our guest today is Tony Leonard. He's built the next generation tools using

1:14.8

cutting edge research for adding adaptive and personalized capabilities to exam prep for nursing

1:20.1

and now physical therapy. It's going to be a good one. Tony, are you ready to take us to the top?

1:25.4

Let's go. All right. First things first. What is your company and how does it make money well actually we have uh over 10,000

1:33.8

subscribers today and they pay a monthly subscription or a one-time fee what we call pay

...

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