2.5 • 884 Ratings
🗓️ 5 April 2024
⏱️ 10 minutes
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| 0:00.0 | I also want to talk about scaling so when you're looking at businesses that do about |
| 0:05.8 | ten million a year what do they need to do to get to a hundred million a year? |
| 0:12.2 | I mean yeah so it's really just multiplication and math on the |
| 0:16.2 | offers so it's like you know you know and the answer is not always just spend |
| 0:21.6 | more yeah because always just spend more. |
| 0:22.6 | Yeah, because as you spend more, |
| 0:25.8 | it almost always performs worse. |
| 0:28.8 | Yeah. |
| 0:29.3 | Like, like there's a, there's a, there's a, there is a limit to that |
| 0:32.0 | where you're like, okay, we we're we've reached our maximum level of efficiency here if we go over this then we start degrading profitability so you know we're we're at a dollar in three dollars out at 20K a day and spend and we go to a 50K a day and spend we go a dollar in two, you know, two dollars out. |
| 0:50.0 | And so it's like we're, now you're're kind of you're you're cannibalizing the profit. |
| 0:56.8 | Yeah. And so then it's just new products, new front ends, new offers, new back ends. Yeah. So you're just just constantly it's a puzzle piece of of offers you know what's funny |
| 1:07.8 | not to cut you off but I feel like culturally or what entrepreneurs are hearing a lot right now is do not create new offers. |
| 1:18.9 | I don't know if you're seeing that also, but like what's popular right now is do one thing, get so good |
| 1:26.2 | at it that you know your customers are creating customers and and don't like |
| 1:31.5 | try all these new things where you guys do the opposite. |
| 1:34.8 | Yeah, yeah, I mean I can't agree with that because it's not what we do. |
| 1:39.6 | Yeah, all I know is what we do. |
| 1:41.3 | Yeah. |
| 1:41.3 | And so, you know, finding out what's the next thing that we can add. |
| 1:45.6 | You know, obviously we're trying to maximize everything that we do. |
| 1:48.8 | So we may be creating new front ends, but they all pushed the same back end offer. |
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