Making $$$
Founder's Journal
Morning Brew
4.8 • 1.1K Ratings
🗓️ 15 March 2021
⏱️ 11 minutes
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| 0:00.0 | What is up, everyone? This is Alex Lieberman, co-founder and CEO of Morning Brew. |
| 0:05.8 | Welcome back to Founder's Journal, My Personal Audio Diary, where I give you the business |
| 0:12.3 | builder, the tools you need to think better in order to build better, whether that's building |
| 0:17.3 | a business, a team, or a new product. It is time for your weekly story time. One of the |
| 0:24.8 | hardest, yet most exciting points in any business is when you're trying to prove your business |
| 0:31.1 | model, where you don't have money coming in, and you're trying to show the world that |
| 0:34.9 | you can get money to come in. The adrenaline rush of landing your first customer is unlike |
| 0:40.4 | anything else. But getting that first sale does not come easy, no matter what business |
| 0:45.7 | you're in. It is time to take you through our experience, getting our first customer |
| 0:51.9 | at Morning Brew, and all of the lessons you can learn from our approach to making money |
| 0:56.5 | as a business, no matter what type of business you're in. Let's hop into it. |
| 1:00.9 | Selling something that is unproven is an absolute grind. There is no one to advocate for |
| 1:06.9 | your product. There are no past customers to get testimonials from to put on your |
| 1:11.9 | slide decks, and there's very little data to share with prospective partners about how |
| 1:16.8 | previous partners have done. It is just you and your word, trying to convince that |
| 1:21.9 | first person or that first company to take the leap of faith. That is incredibly difficult. |
| 1:28.1 | In the world of B2C or business to customer or business to consumer, getting that first |
| 1:33.8 | customer has gotten easier if you have a product and a little bit of money to spend. |
| 1:39.3 | That is the power of the advertising platforms that dominate society like Facebook, Instagram, |
| 1:45.3 | Google, Snapchat. It's either all worth hundreds of billions of not a trillion dollars. |
| 1:50.9 | Take all birds, for example, the D2C shoe brand. Not that it was easy for them to get their |
| 1:55.8 | first customer, but as long as they had a functioning website, functioning logistics |
... |
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