00:02 Adam grew his business to $20 million annual revenue through mistakes and perseverance. 01:54 Transition from Wall Street Trader to Entrepreneur 05:57 Focus on one thing and product market fit is crucial for success 07:50 Developed innovative email marketing tool leading to successful sale 11:42 Validate product value before building 13:47 Entrepreneurs should stay open to unexpected opportunities 17:57 Building skills on someone else's dime leads to better opportunities 19:48 Start lean, focus on revenue before setting up a formal business structure. 23:21 Focus on nurturing a tiered ecosystem of creators for ongoing motivation 25:07 Struggling entrepreneurs can create unicorns with perseverance and belief 28:43 Starting a software business requires discipline and constant iteration. 30:30 Russell Brunson sells access to his brain for helping businesses grow.
He sounds like he has a lot of coding knowledge, did he learn it? There is no way he doesn't know how to code or at least it's not talked about in the video
I went from a 8 figure advertising business into finance, Advertising is a brutal grindy game, it's really a pain to full scale too. Scaling finance is 100x easier imo in my experiences between both. Plus advertising is heavily weighted by economic conditions, finance is too but you can position yourself to win even in a downward economy
What area may I ask? I´ve developed all my professional career in IT (basically development) but I´ve tried finance as a side hustle in different ways, but basically stock investing, algorithmic trading, options trading... and from my experience you have to be alert to many events and data sources: a never ending list of company reports, economic reports and events, investment instrument technicalities (volumes, indicators, correlations..) and that if you don´t introduce yourself to more complex derivative products, which makes the thing even more complex. I cannot say that I failed miserably but I didn´t succeed, which counting the amounts of time and energy I invested is kind of a failure to me.
I don't wanna bring this energy but I noticed that his landing page is totally wack... Plenty of developers could build something better in less than 3 days. So where is the $20M going? Have you verified his revenue and business somehow? I have a very hard time believing that the retention business is making any real money. It's not only unethical but also illegal to obtain someone's contact information or ANY of their information without having them input it. And this guy is pretty public about it. Idk what this guy is doing, he talks A LOT without actually saying anything, like a bad car salesman. Am I the only person getting this vibe or having these totally reasonable concerns?
They're definitely reasonable. This space is filled with liars, who to be fair might have money or being making money, but not how they profess. People get exposed on X all the time, with evidence, but those posts simply aren't popular (except in rare cases when a high profile person shares it) compared to the ultra positivity, JUST SHIP IT posts, so they largely get ignored. Many are very open in this space about the fact that they want a completely biased view on everything that just motivates them rather than being concerned with raw and higher level truth. If it's not either making them money, or motivating them to make money, then what point does it serve? Money is all that matters to a lot of people, even though if you put it that way, most will deny it.
No it is not illegal lol. You are so far off the mark. Plenty of developers couldn’t replicate this business. There is WAY more to business and marketing than dev. There is more money out there than you could possibly imagine. Most dont make it because they are stuck in small mindsets that nothing works. I make 7 figures in a much smaller and more niche market than visitor retention. Its crazy you think there isnt even 20mil a year in retention. 20mil is *nothing*. Guys are doing more than that with shitty offers and fb ads. Saying its illegal to get someones info without them inputting it is hilarious. The whole marketing industry is built on this. There is nothing illegal about it. Nor is cold email illegal. Read the can-spam act. It also has nothing to do with gathering info and even less to do with customer retention of your own visitors
@@tombelfort1618 It is illegal. There is a difference between distributing/selling user data, or sending random spam to those emails (which are both totally legal), and obtaining user data without their permission, which IS NOT legal and the marketing industry is absolutely not built on this. The can-spam has nothing to do with gathering user data without their permission. Also... I never said there isn't $20M in visitor retention or lead generation. That's all I'm going to say so don't bother responding with more nonsense.
"He makes 22M/Year"... in revenue. Now if he spends 21M/Year to run his business(just an example), then he makes 1M/Year. That's not bad, it's just not 22M. Revenue is not what someone " makes".
He propably uses website visitor identification tools such as: Leadfeeder, leadforensics, factors, leadmagic and visitorqueue. These tools are great, especially combined with website personalization (Hubspot Smart Content, Sitespect, Optimizely, Brightinfo) and website experience/behavior tools (Hotjar, VWO, Fullstory, Fullsession, Smartlook and so on). Better data and personalizing content to the right audience is key to get your cost down while also hitting higher conversion rates.
@@MemesAndLs bro I don’t know if it’s true but all these people saying they make crazy money online look as if they make 50k a year. They have small apartments, bad clothes, bad cars etc. I’m not saying every rich person must wear a Rolex and live in a mansion, but it’s very suspicious. So I think if lost of these companies do have million turnover, the actual profit must be average / low.
@@danieIlondonThats why we make what we make. The idiots who make $1mil a year and spend $1mil a year on shit are not wealthy. You are brainwashed by influencers. You win the game by staying lean. Plus, people who build companies usually dont give a fuck about driving around looking like a twat in lambos
Give me your apartment for free because _ _ _. Ok, got their house, give me your car because _ _ _. Great, now just chill and sell that stuff. There's alot of good ideas, you just got to know what is important to you and how to get it accomplished before its impossible to make avbit of money.
If i didn't look at the channel name, I would've been sure that this is starter story. Team app sumo, you guys are great, I love and admire Noah Kagan so much but please be original. Do not copy starter story, please do something different
Hello sir U r really great ..Im from india im 27 years old still i don't have job could you please help me to earn 1,00,000 $ single month please reply to me as soon as possible
00:02 Adam grew his business to $20 million annual revenue through mistakes and perseverance.
01:54 Transition from Wall Street Trader to Entrepreneur
05:57 Focus on one thing and product market fit is crucial for success
07:50 Developed innovative email marketing tool leading to successful sale
11:42 Validate product value before building
13:47 Entrepreneurs should stay open to unexpected opportunities
17:57 Building skills on someone else's dime leads to better opportunities
19:48 Start lean, focus on revenue before setting up a formal business structure.
23:21 Focus on nurturing a tiered ecosystem of creators for ongoing motivation
25:07 Struggling entrepreneurs can create unicorns with perseverance and belief
28:43 Starting a software business requires discipline and constant iteration.
30:30 Russell Brunson sells access to his brain for helping businesses grow.
Thank you, my friend!
U deserve a medal 🎖️
This is great. More stories from millionaires who are not mega millionaires.
Lol
That's the way
Yeah this feels more doable, i enjoy these
So you prefer unattainable stories then? Go watch Elon Musk.
He sounds like he has a lot of coding knowledge, did he learn it? There is no way he doesn't know how to code or at least it's not talked about in the video
Another one. Stoked for this.
Yo Noah loving your book, wondering if you have any content targeting or helping people with ADHD?
I went from a 8 figure advertising business into finance, Advertising is a brutal grindy game, it's really a pain to full scale too. Scaling finance is 100x easier imo in my experiences between both. Plus advertising is heavily weighted by economic conditions, finance is too but you can position yourself to win even in a downward economy
What area may I ask? I´ve developed all my professional career in IT (basically development) but I´ve tried finance as a side hustle in different ways, but basically stock investing, algorithmic trading, options trading... and from my experience you have to be alert to many events and data sources: a never ending list of company reports, economic reports and events, investment instrument technicalities (volumes, indicators, correlations..) and that if you don´t introduce yourself to more complex derivative products, which makes the thing even more complex. I cannot say that I failed miserably but I didn´t succeed, which counting the amounts of time and energy I invested is kind of a failure to me.
what do you mean by finance?
Finance can mean anything that is money to health insurance 😂
my brother inlaw is in finance and to say his salary is killer would be an understatement
@@Cheesecake99YearsAgo shilling meme coins to twitter normies is one of my guesses lol
I don't wanna bring this energy but I noticed that his landing page is totally wack... Plenty of developers could build something better in less than 3 days. So where is the $20M going? Have you verified his revenue and business somehow?
I have a very hard time believing that the retention business is making any real money. It's not only unethical but also illegal to obtain someone's contact information or ANY of their information without having them input it. And this guy is pretty public about it.
Idk what this guy is doing, he talks A LOT without actually saying anything, like a bad car salesman. Am I the only person getting this vibe or having these totally reasonable concerns?
They're definitely reasonable. This space is filled with liars, who to be fair might have money or being making money, but not how they profess.
People get exposed on X all the time, with evidence, but those posts simply aren't popular (except in rare cases when a high profile person shares it) compared to the ultra positivity, JUST SHIP IT posts, so they largely get ignored.
Many are very open in this space about the fact that they want a completely biased view on everything that just motivates them rather than being concerned with raw and higher level truth. If it's not either making them money, or motivating them to make money, then what point does it serve?
Money is all that matters to a lot of people, even though if you put it that way, most will deny it.
Also how did he run out of money if he runs it lean and made 1 million in the first 16 weeks? 🤔
No it is not illegal lol. You are so far off the mark. Plenty of developers couldn’t replicate this business. There is WAY more to business and marketing than dev. There is more money out there than you could possibly imagine. Most dont make it because they are stuck in small mindsets that nothing works. I make 7 figures in a much smaller and more niche market than visitor retention. Its crazy you think there isnt even 20mil a year in retention. 20mil is *nothing*. Guys are doing more than that with shitty offers and fb ads. Saying its illegal to get someones info without them inputting it is hilarious. The whole marketing industry is built on this. There is nothing illegal about it. Nor is cold email illegal. Read the can-spam act. It also has nothing to do with gathering info and even less to do with customer retention of your own visitors
thanks for calling this out.. guy does indeed look like a scammer.
@@tombelfort1618 It is illegal. There is a difference between distributing/selling user data, or sending random spam to those emails (which are both totally legal), and obtaining user data without their permission, which IS NOT legal and the marketing industry is absolutely not built on this. The can-spam has nothing to do with gathering user data without their permission.
Also... I never said there isn't $20M in visitor retention or lead generation.
That's all I'm going to say so don't bother responding with more nonsense.
Super we call that never give up just keep going for success!
So much gems in this video!
Love these!! Keep em coming!
Great interview !
Great content, enjoyed this interview
amazing raw-to-the-point story
A great success story....thanks for keeping it real...kudos...!
"He makes 22M/Year"... in revenue.
Now if he spends 21M/Year to run his business(just an example), then he makes 1M/Year.
That's not bad, it's just not 22M.
Revenue is not what someone " makes".
But can you imagine what the valuation would be!! Even if he sold 20% stake after 3 years, then he would have more than 20M in his bank a/c
He likes the word, "like".
This was excellent, thank you.
Good money, even for US, web is growing and its can't stop
And what a head of Brad Pitt level hair!
Yeah, he would be a bazillionaire if he could sell hair like his 😂
Throwing spaghetti analogy, thank you for this. Makes me think that I am not doing enough and just stuck on analysis paralysis.
Increíble interview
He should talk about how he acquired his domain cuz no way was it not registered before he bought it.
Cool guy🎉
“Your intuition is a very poor indicator of market viability” ❤
What is the book being held up at 29:20? I can’t make out the title, at least not on mobile. It doesn’t seem to get spoken out loud.
The Four Steps to the Epiphany - Steve Blank
@@angorali06 ah, thank you! 🙏🏽
Wait... so his former roomate is the creator of Vimeo?
Creator or part of the founding team
That's wild huh? Small world
SAAS margins? What does that mean? (16:00)
Software As A Service.
Wow you have teams ???
when you make the intro so dense, and then the interview starts, we feel it's empty, and leave
don't make a spoiler intro!!!
Okay, we know revenues. But how about profits?
He made a million in 16 weeks, runs on MVP but also ran out of cash? One of these things doesn't make sense.
bro is straight up lying
who is his supplier for both businesses since he doesn't identify the anonymous visitors from his own information?
He propably uses website visitor identification tools such as: Leadfeeder, leadforensics, factors, leadmagic and visitorqueue.
These tools are great, especially combined with website personalization (Hubspot Smart Content, Sitespect, Optimizely, Brightinfo) and website experience/behavior tools (Hotjar, VWO, Fullstory, Fullsession, Smartlook and so on).
Better data and personalizing content to the right audience is key to get your cost down while also hitting higher conversion rates.
His wall street traded money's
What he says at 7:40 is kind of concerning
GOOOOD FOR THEM CRA P FOR ME
20 million turnover, 100k profit
If that’s true better to be an electrician in the Boston area 😂
@@MemesAndLs bro I don’t know if it’s true but all these people saying they make crazy money online look as if they make 50k a year. They have small apartments, bad clothes, bad cars etc. I’m not saying every rich person must wear a Rolex and live in a mansion, but it’s very suspicious. So I think if lost of these companies do have million turnover, the actual profit must be average / low.
@@danieIlondonThats why we make what we make. The idiots who make $1mil a year and spend $1mil a year on shit are not wealthy.
You are brainwashed by influencers. You win the game by staying lean. Plus, people who build companies usually dont give a fuck about driving around looking like a twat in lambos
@@danieIlondonbut dont take my advice. Make money then spend a shit ton to impress others and see where you land in 10 years
@@tombelfort1618 lol
Please i want you to teach me
Tracking people to sneakily get their emails is incredibly despicable, and not in a nice yellow cartoon way.
Tall and epic lettuce, of course he was bound to be rich lol.
Give me your apartment for free because _ _ _. Ok, got their house, give me your car because _ _ _. Great, now just chill and sell that stuff. There's alot of good ideas, you just got to know what is important to you and how to get it accomplished before its impossible to make avbit of money.
This guy is so sick. Instantly went to x to follow him.
It really cracks me up how many people say “that’s insane” 🤣
Sounds like luck.
Does really anybody believe this? Why is there never a complete tutorial? I dont believe any of this
If i didn't look at the channel name, I would've been sure that this is starter story.
Team app sumo, you guys are great, I love and admire Noah Kagan so much but please be original. Do not copy starter story, please do something different
Johnson Sarah Johnson Angela White Brian
brad pit's cousin?
Hiiiiiiii
im looking for one weird trick, not this.
Wow, that’s the funniest looking hairdo that guy that has the short hair and curls
Someone’s jealous
this guy even sounds like hormozi
Hello sir U r really great ..Im from india im 27 years old still i don't have job could you please help me to earn 1,00,000 $ single month please reply to me as soon as possible
The host has a horrible hair cut.
Buzz?
🤣🤣🤣
I love it. It’s a cool cut.
manbun w/ no side hair is wild
He thinks it looks nice but it actually looks horrible in him. I would never take a person like him seriously based on that cut.
I watched so many of theses videos and still dont know what these people do
Did appsumo just copy @starterstory?
looks like it
starter story is better, but i watch em all
Yes😮
Yes, absolutely!
Bro people have been content like this for 10+ years