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Capitalism.com with Ryan Daniel Moran

Matt Clark: How To Grow A Brand With Other People's Audiences

Capitalism.com with Ryan Daniel Moran

Capitalism.com

Business, Entrepreneurship

4.8802 Ratings

🗓️ 9 March 2020

⏱️ 44 minutes

🧾️ Download transcript

Summary

This week we're leaking a private talk we had from a Tribe event.

Matt Clark is a co-founder and face of Amazing. And Amazing.com's flagship course, Amazing Selling Machine, shows people how to build successful physical product businesses.

If you'd like to join The Tribe and build your own million dollar business & take part regular coaching calls, our community, and upcoming events visit:
Capitalism.com/Tribe

Transcript

Click on a timestamp to play from that location

0:00.0

You've got to get that average order value up.

0:02.0

There's not some holy grail of average order value.

0:04.2

It's completely dependent on your market.

0:05.9

Like you have to get it higher than your competitors because you're all competing for the same ad spend.

0:10.2

And so like if you're competing for the same ad spend, but you can spend more to acquire a customer,

0:14.4

the typical direct marketing thing is that you can scale ads faster.

0:17.4

Based on our profit margins, we're basically profitable on those customers in like month two.

0:21.7

And we run the numbers and we've got some pretty cool apps you can run for Shopify that show

0:26.5

basically in nine months, we essentially double the value of a new customer.

0:30.3

And so that's kind of our, like we've pretty much been building this business to sell it.

0:35.2

And that's probably, that's part of our story is to tell them, like, look, if you inject

0:38.4

cash into this thing, like we can show you the data from the past year.

0:41.3

Like, you're going to be able to grow way faster if you're willing to go in the negative

0:44.5

for like nine months, which is like a typical model for those people.

0:47.1

It takes one free person to create change.

0:50.8

This is the show for them.

0:53.1

We are the creators of the free world. This is capitalism.com,

0:58.5

and we are the 1%. Hey, capitalists. This week, we're leaking a private talk we had from a

1:07.7

tribe meetup in Austin, with the man who really needs no introduction, Matt Clark.

1:14.5

Now Matt is a co-founder and face of Amazing. And Amazing.com's flagship course, Amazing Selling Machine,

1:23.1

shows people how to build successful physical product businesses. This was an open Q&A where Matt shared

1:30.5

everything he's learned from seeing countless e-commerce millionaires made over the last decade,

...

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