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SaaS Interviews with CEOs, Startups, Founders

EP 441: $605k Revenue Agency Spins off $35k MRR SaaS Products with Sujan Patel

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

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

4.6683 Ratings

🗓️ 8 October 2016

⏱️ 21 minutes

🧾️ Download transcript

Summary

Sujan Patel, an entrepreneur and a marketer who’s made a career out of learning how to keep an eye on ALL the moving pieces of his business. He's the co-founder of two successful digital marketing companies, ContentMarketer and Web Profits.

Famous Five:

  • Favorite Book? – Never Eat Alone
  • What CEO do you follow? – Elon Musk
  • Favorite online tool? — Buzzsumo
  • Do you get 8 hours of sleep?— “No”
  • If you could let your 20 year old self know one thing, what would it be? – “I wish I knew that I could work harder”

 

Time Stamped Show Notes:

  • 01:43 – Nathan introduces Sujan to the show
  • 02:03 – What is Web Profits and how does it make money?
    • 02:09 – Marketing agency
  • 02:20 – Average retainer is $ 10,000 a month
    • 02:40 – Reject 90% of the people
  • 03:00 – 20 clients at the moment
  • 03:05 – Web Profits is founded earlier this year
  • 03:12 – Consulting firm
  • 03:40 – Joint venture with a big company in Australia
  • 03:55 – 90 team members
    • 04:09 – 8 people are in Austin
  • 04:21 – Total revenue at the moment
  • 04:28 – Goal in 2016 is to hit a million
  • 04:50 – Sujan’s thoughts on distractions
    • 05:05 – Sujan likes to do a lot of things
    • 05:12 – Additional 4 SaaS businesses
      • 05:28 – ContentMarketer, Narrow.io, Quu.co, LinkTexting.com
  • 06:40 – Sujan helps in strategy
  • 07:37 – ContentMarketer has a few products
    • 07:44 – Email and twitter outreach
    • 08:09 – Great for bloggers and podcasters
    • 08:30 – Just hit a million email sent
    • 09:00 – Finding an email is an art
  • 09:26 – Total number of customers on all the business
  • 09:27 – Average pay per month
  • 09:55 – MRR
  • 10:15 – “It is definitely worth it”
  • 11:20 – RPU
  • 12:00 – Number of paying customers on Quu.co
    • 12:10 – Quu.co as SaaS and an advertising content
    • 12:53 – Number of customers per promotion
  • 13:09 – ContentMarketer is a bootstrap
    • 13:15 – Founding date
    • 13:25 – First year revenue
    • 14:00 – UX designs
  • 14:25 – Launching a new product
    • 14:55 – Gross customer churn for ContentMarketer
    • 15:10 – No upselling
    • 15:30 – “We know what product to sell”
  • 15:48 – 4 team members for connector
  • 15:56 – Goal for the business
    • 16:10 – Grow as big as possible
  • 16:31 – Sujan owns half of LinkTexting.com
    • 16:38 – Acquired the whole company with a partner
  • 17:16 – Connect with Sujan through his blog and Twitter
  • 18:50 - The Famous Five

 

3 Key Points:

  • It is easier to promote your products if you know them well.
  • Have a bigger goal for your business.
  • Creating a great email is like creating great art – you need the right tools and the right artist.

Resources Mentioned:

  • Toptal – Nathan found his development team using Toptal  for his new business Send Later. He was able to keep 100% equity and didn’t have to hire a co-founder due to quality of Toptal  developers.
  • 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.
  • SujanPatel.com – Sujan’s blog
  • @SujanPatel – Sujan’s Twitter handle
  • 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 unit 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.

0:28.2

Okay, Top Tribe.

0:29.4

This week's winner of the 100 bucks is Rhett Gillins.

0:33.2

He's in the restaurant industry and he feels stuck.

0:36.2

He wants to start his own software business.

0:37.9

So congratulations, Rhett, for your guys' chance to win $100 every Monday morning.

0:43.2

Simply subscribe to the podcast on iTunes now in order to enter and then text the word Nathan to 3344 to prove that you subscribed.

0:52.6

Folks, many of you heard I made a big league acquisition of a business.

0:56.2

Nathanlaka.com forward slash send later is the name of the business.

1:00.1

And I didn't want to give up equity to a developer because I'm a business guy.

1:03.5

So what I did is I used a website to find a guy named Hee Shaming.

1:08.1

I've paid He over $12,000 to help me build send later and the site that i am using

1:13.8

now is called top do at nathanlacka dot com forward slash t o p t a l i will build send later into a big

1:21.5

business and i will take it public by the time i turn 30 i'll tell you more later on in the episode

1:26.9

nathan alatka here. This is episode

1:28.8

441. Coming up tomorrow morning, you're going to learn from Ryan Stuman, the hardcore closer,

...

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