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Afford Anything | Make Smart Money Choices

How I Grew BiggerPockets From 0 to 870,000 Members - with Joshua Dorkin

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Investing, Business

4.73.6K Ratings

🗓️ 16 October 2017

⏱️ 60 minutes

🧾️ Download transcript

Summary

#99: Thirteen years ago, Joshua Dorkin's friends teased him about starting a website that seemed to have no future. "I would get calls from my buddies who would literally call me on my cell phone [and say] 'Hey Josh, we just walked past a penny on the ground. We were thinking about picking it up and mailing it to you." At the time, Dorkin had just launched BiggerPockets, a then-nascent website about real estate investing. "I was working a full-time job making no money as a teacher," Dorkin says, "... and then [I] quit that job, reliable income, to blindly create this platform for other people. And I was helping other people get rich, and I was broke." Dorkin spent the next 8 years working mostly as a one-man operation as he tried to monetize a fledgling website. "We were struggling and scrapping by on every AdSense check that we could collect," Dorkin says. "The business really wasn't making serious money for probably getting close to a decade." The story has a happy ending. Today, BiggerPockets has grown to more than 870,000 members. The podcast has almost 250 episodes and the blog features more than 8,100 articles. In today's episode, I have a heart-to-heart with BiggerPockets founder Joshua Dorkin about the blood, sweat and tears that's required to start a successful online business. What lessons did he learn along the way? What regrets does he hold? And what advice would he share with other aspiring online entrepreneurs? We don't talk about real estate investing in today's episode. Instead, Joshua and I focus on the harsh realities of growing an digital empire. Enjoy!   You can find more information in the show notes at http://podcast.affordanything.com/episode99 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

You can afford anything but not everything.

0:10.9

Every decision that you make is a trade-off against something else.

0:13.9

So what are you going to choose?

0:15.5

My name is Paula Pant, I'm the host of the Afford Anything Podcast where we explore these

0:19.2

questions and today I am interviewing Joshua Dorkin, the founder of Bigger Pockets.

0:26.3

Bigger Pockets is a huge real estate website and podcast but Josh and I are not discussing

0:32.4

real estate today because here's the thing, Joshua is somebody who from scratch started

0:38.6

a website and took it from zero to millions upon millions of users.

0:44.5

So it actually surprises me when people want to interview Joshua about real estate because

0:49.2

a lot of people invest in real estate, not that many people have the capacity or have the

0:54.4

experience of growing a website from zero to so big.

0:58.7

And so that is what he and I talk about today.

1:01.8

We talk about how he grew an online business that is hyper successful.

1:07.2

The first 20 minutes or so of this conversation, we kind of go into the weeds with business

1:11.5

a bit and then at around the 20 minute mark I think you're going to find we go deep into

1:17.0

the emotional struggle of working year after year at a business that you don't know if it's

1:22.6

going to succeed or not and doing it alone.

1:25.3

So this is one of my favorite interviews I really enjoyed it.

1:28.9

With that said, I hope you do too.

1:30.8

Here he is.

1:31.8

Hey Josh.

1:32.8

What's happening?

...

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