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SaaS Interviews with CEOs, Startups, Founders

EP 385: 1,000's Pay Him $9/mo for Fitness Membership Site with Cory Gregory of Corygfitness.com

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

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

4.6 β€’ 683 Ratings

πŸ—“οΈ 13 August 2016

⏱️ 23 minutes

🧾️ Download transcript

Summary

Cory Gregory, a fourth-generation coalminer who has made it to the top in the fitness industry. Cory has now developed his personal brand on his website where people can pay $8.99 per month to get his top workout plans and his daily articles and videos on how to get into incredible shape.


Famous Five:

Favorite Book? – Rich Dad Poor Dad
What CEO do you follow? β€” Bill Phillips
Favorite online tool? β€” Quickbooks
Do you get 8 hours of sleep? β€” No.
If you could let your 20 year old self know one thing, what would it be? β€” Have a strong strategy early.

Time Stamped Show Notes:
01:03 – Nathan introduces Cory
01:30 – Most money is in selling memberships and books on his internet business
02:00 -- $8.99/month membership
02:15 – Products in 100 countries
02:30 – Cofounder of MusclePharm
02:55 – Now a public company
03:15 – β€œA lot of Wall Street and a lot of boardrooms just really wasn’t for me.”
03:40 – Now owns 3%
04:00 – Went public in 2010
04:30 -- $40 million raised in capital
05:35 – β€œI learned a ton…. It changed my life forever.”
05:50 – He left the business about 9 months ago.
06:20 – β€œThat thing’s bleeding cash.”
06:35 – Cory was in the programming and products side
06:50 – Proper management was a downfall
07:20 – β€œIt was a rise to the top.”
07:40 -- $160 million in revenue
08:00 – Marketing was huge
08:40 -- Creating a personal brand
09:00 – β€œI feel blessed.”
09:20 – First gym started for $5000
09:30 -- The Old School Gym
09:40 -- $100k in memberships
10:00 – Biggest expenses
10:40 – six-figures in profit
11:20 – Revenue is more than $100k
11:40 – MusclePharm started at 30 years old
11:55 – corygfitness.com
12:05 – five 4-week plans every month
12:30 – Articles and videos every day
13:00 – Thousands of people use his monthly plan
13:20 – The reason for his vagueness
14:10 – Total revenue was $34k in his first month for his personal brand
15:20 – β€œThere is nobody on the planet who can say they have done what I’ve done.”
16:20 – corygfitness.com, Snapchat, YouTube, Twitter, Instagram
16:40 – Business and Biceps podcast
19:00 -- The Famous Five

3 Key Points:
Don’t be confined to the environment you were raised in.
Develop your personal brand.
Find ways to make your service stand out.

Resources Mentioned:
Host Gator – The site Nathan uses to buy his domain names and hosting for cheapest price possible.
Freshbooks - The site Nathan uses to manage his invoices and accounts.
Leadpages – The drag and drop tool Nathan uses to quickly create his webinar landing pages which convert at 35%+
Audible – Nathan uses Audible when he's driving from Austin to San Antonio (1.5 hour drive) to listen to audio books.
Quickbooks -- Cory’s favorite invoicing tool
Business and Biceps – Cory’s podcast
Show Notes provided by Mallard Creatives

Transcript

Click on a timestamp to play from that location

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 soul mark.

0:23.9

And I'm your host, Nathan Latka.

0:27.6

Okay, Top Tribe, this week's winner of the $100 is Zach Ferran.

0:32.9

He's a 22-year-old Apple employee, and he's listening to the show and loving it.

0:38.3

For your chance to win 100 bucks every Monday, simply subscribe to the podcast on iTunes now

0:43.4

and then text the word Nathan to 3344 to prove that you did it to enter.

0:49.6

This is episode 385, folks.

0:51.8

Coming up tomorrow morning, you'll hear from Raj Boschker.

0:54.5

He runs Herdler, which saves you tax money and already has over 10,000 users.

1:01.2

Top 5.

1:02.5

Good morning to you.

1:03.6

Our guest today is Corey McGregor, and he is a fourth generation coal miner, co-founder of Muscle Farm, owner owner of old school gym and 11 times cover model

1:14.7

slash powerlifter and also author of the mindset manual manual as long along with being co-founder

1:21.5

of active eight media corey are you ready to take us to the top dude Dude, of course. Let's go, Nathan. Let's go.

1:28.3

This will be fun, man. This will be fun. Hey, so listen, you're doing a bunch of stuff. I want to focus on one thing because we only have, selling books, selling memberships, that's honestly maybe the most cash money.

1:49.1

I think the long term money is when I sell muscle farm.

1:51.7

But right now, it's my internet business man.

...

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