4.6 β’ 683 Ratings
ποΈ 3 September 2016
β±οΈ 18 minutes
ποΈ Recording | iTunes | RSS
π§ΎοΈ Download transcript
Chris Evans, cofounder of Traffic and Funnels. Surrounded by incredible entrepreneurs, Chris decided that it was his time to build a success empire. His business Traffic and Funnels has taken a smart approach to business: They have focused on their strengths to get revenue, and now they are ready to expand.
Famous Five:
Favorite Book? β King Icahn
What CEO do you follow? β Trump and Zuckerberg
Favorite online tool? β Slack
Do you get 8 hours of sleep? β Yes
If you could let your 20 year old self know one thing, what would it be? β Find and invest in a mentor
Time Stamped Show Notes:
01:35 β Nathan introduces Chris
01:55 β Chris worked with a lot of amazing entrepreneurs and decided to build his own empire
02:40 β He helps experts built client acquisition systems
03:00 β 1 $5500 product, and an upsell
03:25 β Traffic and Funnels is a slick website
03:40 β The numbers
03:50 -- $660000 in revenue for 2016 so far
04:30 β The problem with paid marketing
04:50 β Understanding the market and validating the product
05:15 β The biggest mistake is not understanding that market.
05:40 β The higher value products had a larger margin for error
06:00 β Cost to acquire a client is $400 to $700
06:15 β Solid revenue goals
06:40 β Advice for the info-product space
07:00 β Have clarity
07:30 β You need a target and a specialization
07:50 β Track your numbers and know what you need to break even
08:00 β How do you think about stages for scaling?
08:25 β The revenue must keep up with the spending.
08:50 β Know your business model and your plan.
09:10 β Work your way backwards.
09:25 β Take out any emotion.
09:45 β An evergreen business
10:00 β A launch-style business is more stressful up front
10:20 β You have to be smart and build credibility.
10:50 β Why this model?
11:10 β To build up a kiddy and launch their own evergreen info product
11:35 β Starting with their biggest strength
11:45 β Building stability and growing
12:10 β Taking on more employees does not scare him.
12:30 β They can get through adversity.
12:44 β Go to trafficandfunnels.com and Facebook.com/chrisaevans
14:55 β The Famous Five
3 Key Points:
Start with your biggest strength until your business has stability.
Create a plan and work your way backwards.
Understand the market and validate your product.
Resources Mentioned:
Host Gator β 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 β The drag and drop tool Nathan uses to quickly create his webinar landing pages which convert at 35%+
Audible β Nathan uses Audible when he's driving from Austin to San Antonio (1.5 hour drive) to listen to audio books.
King Ichahn - Chrisβ favorite business book
Slack β Chrisβ favorite online tool
Toptal β Great for people to get access to software developers
Show Notes provided by Mallard Creatives
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 sole mark. |
0:23.9 | And I'm your host, Nathan Latka. |
0:27.9 | Okay, Top Tribe, this week's winner of the $100 is Zach Ferran. |
0:33.2 | He's a 22-year-old Apple employee, and he's listening to the show and loving it. |
0:38.6 | For your chance to win 100 bucks every Monday, simply subscribe to the podcast on iTunes now, |
0:43.8 | and then text the word Nathan to 3344 to prove that you did it to enter. |
0:50.3 | Okay, many of you heard I made a big league acquisition of a company called Send Later, and I'm a greedy |
0:56.3 | business guy. I didn't want to give away equity to a technical co-founder. So I found my coders on a website |
1:02.2 | called TopTL at Nathan Latka.com forward slash T-O-P-T-A-L. I paid over $12,000 to the site to a guy |
1:09.9 | named He, Shaming in China, who I've never met, |
1:12.8 | but we're going to build a big business together. |
1:14.6 | I'm taking Send Later public by the time I turn 30. |
1:17.6 | I'll tell you more about TopTil later on in this episode. |
1:20.6 | Top Drive this episode 406. |
1:22.6 | Coming up tomorrow morning, you'll hear from Nick Gray. |
1:25.6 | He has 10,000 people that have paid him $50 for his museum tours. |
1:32.7 | Top Tribe, what is cranking this morning? |
... |
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