How We Got Our First 100 Customers (No Bulls**t, Specific Details)
Dec 22, 2023
56:36
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In this episode, Shaan Puri and Sam Parr discuss various strategies for getting the first 100 customers, including hosting events, using viral content, sharing personal stories, and more. They also talk about their experiences with virtual assistants, launching a paid research newsletter, and promoting an app at a craft beer tasting festival. The podcast also includes a funny story about a strip club adventure in Las Vegas.
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Quick takeaways
Targeting niche Facebook groups and sharing their brand story helped generate significant revenue in the first month.
Attending a craft beer tasting festival dressed in traditional German outfits and organizing a scavenger hunt generated leads and initial customers for their beer-tracking app.
Using a no-risk offer, such as promising to decompose coal using microbes, helped secure interested customers and drive early success in a business venture.
Deep dives
Pissing in the Pond
One method we used to launch our eCommerce brand was to target small and hyper-focused Facebook groups dedicated to our niche. Instead of trying to appeal to the mass market, we shared our story and the ups and downs of building our brand in these groups. This created a sense of rooting for the underdog, and we generated around $28,000 in revenue within the first month, with most of it coming from this group.
Scavenger Hunt at Craft Beer Festival
To promote our beer-tracking app, we attended a craft beer tasting festival where we dressed up in traditional German outfits. We created a scavenger hunt for attendees and offered a year's supply of craft beer as the prize. Participants had to mark off items on a card that included their email address. This allowed us to generate around 1,400 leads of passionate craft beer enthusiasts, many of whom became the first customers of our app.
Telling Personal Stories in a Facebook Group
In one of our hackathons, our dev ops guy built an app that allowed users to scan beer labels and track their beer consumption. To create awareness, we shared our story in a Facebook group dedicated to beer enthusiasts. By being open and vulnerable about our journey and the challenges we faced, we gained the support and interest of the group members, resulting in significant revenue for our app in the first month.
Using a no-risk offer to acquire customers
In this podcast episode, the speaker discusses the strategy of using a no-risk offer to acquire customers. They explain how they approached potential customers who owned stranded coal, offering them a chance to increase the value of their land without any cost or risk. The approach involved promising to decompose coal using microbes, similar to the ones developed to decompose ammunition. By making a no-risk offer, the speaker was able to secure interested customers and even received a lucrative deal from one of them.
Creating hype and building an audience
Another key topic discussed in this podcast episode is the speaker's experience with launching a conference series called HustleCon. They highlight the importance of creating hype and building an audience to drive early success. The speaker shares their strategy of writing blog posts about each speaker and promoting them on platforms like Reddit to generate initial interest. They also leveraged their reputation, conducting personal calls with potential attendees and highlighting the benefits of attending. By combining these tactics, the speaker was able to generate significant revenue and create hype around their conference series.
Episode 534: Shaan Puri (https://twitter.com/ShaanVP) and Sam Parr (https://twitter.com/theSamParr) answer the question, “How did you get your first 100 customers?” In this episode, they'll share you 11 methods.
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Show Notes:
(0:00) Intro
(2:00) Throw an event method
(6:00) The floor-to-floor method
(12:30) Magnet method
(14:00) "Made to Stick" method
(19:00) The no risk offer
(25:00) Viral content
(30:00) Use the personal story
(35:00) Pissing in the pond
(37:00) Booth babes method
(44:30) Launchpad method
(48:30) The David Blaine method
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Links:
• The Anti-MBA - https://www.theantimba.com/
• Neville Medhora’s blog on Hustle Con - https://www.nevblog.com/hustlecon-2014/
• Ryan Hoover in Fast Company - http://tinyurl.com/muva968r
Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more.