Episode
From Blogger To $100 Million Business With Neil Patel
1:14:41
Published: Tue May 10 2022
Description
Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) sit down with entrepreneur and online marketing guru Neil Patel to talk about his success starting as a blogger to making 9-figures in revenue. ----- Links: * Neil Patel * Photopea * Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel. * Want more insights like MFM? Check out Shaan's newsletter. ----- Show Notes: (03:00) - Neil's business history (07:00) - Minority certification (09:00) - Magic Johnson theory (24:45) - Monthly burn rate (38:35) - Neil's philanthropy (49:05) - 9-figure revenue (56:10) - Photopea ----- 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. ----- Additional episodes you might enjoy: • #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits • #209 Gary Vaynerchuk - Why NFTS Are the Future • #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett • #218 - Why You Should Take a Think Week Like Bill Gates • Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More • How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More
Chapters
HubSpot CRM is a one-stop-shop that helps automate tasks, manage contact information, and streamline team communication in order to better serve customers and grow businesses while remaining budget-friendly.
00:00 - 00:57 (00:57)
Summary
HubSpot CRM is a one-stop-shop that helps automate tasks, manage contact information, and streamline team communication in order to better serve customers and grow businesses while remaining budget-friendly.
EpisodeFrom Blogger To $100 Million Business With Neil Patel
PodcastMy First Million
The guest speaker talks about building a 800 person agency and a $100,000 monthly revenue business through SEO and content.
00:57 - 04:03 (03:06)
Summary
The guest speaker talks about building a 800 person agency and a $100,000 monthly revenue business through SEO and content.
EpisodeFrom Blogger To $100 Million Business With Neil Patel
PodcastMy First Million
The speaker discusses the role of Neil Patel's referrals in bringing in millions of dollars in client bookings for the agency, but acknowledges that word of mouth and employee referrals played a significant role as well.
04:03 - 06:53 (02:49)
Summary
The speaker discusses the role of Neil Patel's referrals in bringing in millions of dollars in client bookings for the agency, but acknowledges that word of mouth and employee referrals played a significant role as well.
EpisodeFrom Blogger To $100 Million Business With Neil Patel
PodcastMy First Million
Minority certifications are necessary to win business opportunities, especially in industries where policies require bids from minority-owned companies, like the government or the healthcare sector.
06:53 - 10:32 (03:39)
Summary
Minority certifications are necessary to win business opportunities, especially in industries where policies require bids from minority-owned companies, like the government or the healthcare sector.
EpisodeFrom Blogger To $100 Million Business With Neil Patel
PodcastMy First Million
The speaker discusses the intricacies involved in digital marketing services for businesses and curating a brand's online presence.
10:33 - 14:19 (03:46)
Summary
The speaker discusses the intricacies involved in digital marketing services for businesses and curating a brand's online presence. He brings up his experience submitting a lead for the company the host works for and suggests that there should be a simplified platform for understanding what different businesses do.
EpisodeFrom Blogger To $100 Million Business With Neil Patel
PodcastMy First Million
Some people have started standing at the edge of carpool lanes like hitchhikers to gain quick money.
14:19 - 19:57 (05:37)
Summary
Some people have started standing at the edge of carpool lanes like hitchhikers to gain quick money. This industry has become popular in government work as they strongly require hitting their quotas for racial minorities.
EpisodeFrom Blogger To $100 Million Business With Neil Patel
PodcastMy First Million
The idea of building a DTC brand from the ground up and showing the process transparently on a podcast has gained popularity in recent times.
19:57 - 23:24 (03:26)
Summary
The idea of building a DTC brand from the ground up and showing the process transparently on a podcast has gained popularity in recent times. This approach can help grow the podcast and also attract multi-million dollar contracts for the company.
EpisodeFrom Blogger To $100 Million Business With Neil Patel
PodcastMy First Million
The speaker talks about how he spends an exorbitant amount of money on life insurance for his family, which he sees as a marketing vehicle.
23:25 - 27:52 (04:26)
Summary
The speaker talks about how he spends an exorbitant amount of money on life insurance for his family, which he sees as a marketing vehicle.
EpisodeFrom Blogger To $100 Million Business With Neil Patel
PodcastMy First Million
The speaker shares his opinion on the value of luxury cars and the preference for software over agencies.
27:52 - 31:52 (04:00)
Summary
The speaker shares his opinion on the value of luxury cars and the preference for software over agencies.
EpisodeFrom Blogger To $100 Million Business With Neil Patel
PodcastMy First Million
As with any large company, managing employees is always a headache whether they are paid $70k or $150k.
31:52 - 35:33 (03:41)
Summary
As with any large company, managing employees is always a headache whether they are paid $70k or $150k. Higher churn rates in smaller companies result in lower revenue per employee which makes it harder to pay higher salaries.
EpisodeFrom Blogger To $100 Million Business With Neil Patel
PodcastMy First Million
The speaker reflects on the challenges of building companies that differ between products and services.
35:33 - 39:19 (03:45)
Summary
The speaker reflects on the challenges of building companies that differ between products and services. He preferred making a product rather than creating consumable content or dealing with the hassles of supply chain constraints for physical products.
EpisodeFrom Blogger To $100 Million Business With Neil Patel
PodcastMy First Million
In this episode, the speaker discusses the benefits of setting up a trust fund for financial assistance in times of need, such as travel or medical expenses, but avoids providing financial support for non-essential items like a new car.
39:22 - 43:24 (04:02)
Summary
In this episode, the speaker discusses the benefits of setting up a trust fund for financial assistance in times of need, such as travel or medical expenses, but avoids providing financial support for non-essential items like a new car.
EpisodeFrom Blogger To $100 Million Business With Neil Patel
PodcastMy First Million
The range of ways people donate to charities vary from simply donating money to getting involved and seeing the impact firsthand.
43:24 - 49:00 (05:35)
Summary
The range of ways people donate to charities vary from simply donating money to getting involved and seeing the impact firsthand. Some prefer to leave their children character traits and skills as their legacy rather than material things.
EpisodeFrom Blogger To $100 Million Business With Neil Patel
PodcastMy First Million
The speaker discusses their portfolio and how they diversify their investments, putting 80 to 90% in stocks and occasionally investing in businesses.
49:00 - 53:51 (04:50)
Summary
The speaker discusses their portfolio and how they diversify their investments, putting 80 to 90% in stocks and occasionally investing in businesses.
EpisodeFrom Blogger To $100 Million Business With Neil Patel
PodcastMy First Million
The speaker emphasizes the importance of finding passion when pursuing entrepreneurial opportunities, as lack of passion can lead to decreased motivation and success.
53:51 - 57:31 (03:40)
Summary
The speaker emphasizes the importance of finding passion when pursuing entrepreneurial opportunities, as lack of passion can lead to decreased motivation and success.
EpisodeFrom Blogger To $100 Million Business With Neil Patel
PodcastMy First Million
The co-founder of Photopea discusses the economics of a $3 subscription model, the cost of scaling, and what it takes to sustain a business.
57:31 - 1:00:56 (03:24)
Summary
The co-founder of Photopea discusses the economics of a $3 subscription model, the cost of scaling, and what it takes to sustain a business.
EpisodeFrom Blogger To $100 Million Business With Neil Patel
PodcastMy First Million
The speaker expresses his admiration for Neil, a successful entrepreneur, who despite owning a software company that generates millions in profit, invests in ventures like buying a gas station.
1:00:57 - 1:04:48 (03:51)
Summary
The speaker expresses his admiration for Neil, a successful entrepreneur, who despite owning a software company that generates millions in profit, invests in ventures like buying a gas station. The speaker learns about Neil's entrepreneurial journey and is intrigued to hear more.
EpisodeFrom Blogger To $100 Million Business With Neil Patel
PodcastMy First Million
The speaker discusses the struggle of deciding where to donate one's wealth, weighing priorities such as cancer research versus other issues such as education or investing the money.
1:04:48 - 1:08:57 (04:09)
Summary
The speaker discusses the struggle of deciding where to donate one's wealth, weighing priorities such as cancer research versus other issues such as education or investing the money.
EpisodeFrom Blogger To $100 Million Business With Neil Patel
PodcastMy First Million
Sam and his guests have honest conversations about their income, providing a valuable resource for those without a group of motivated and honest friends to turn to for financial information.
1:08:57 - 1:13:07 (04:09)
Summary
Sam and his guests have honest conversations about their income, providing a valuable resource for those without a group of motivated and honest friends to turn to for financial information.
EpisodeFrom Blogger To $100 Million Business With Neil Patel
PodcastMy First Million
A man discusses his spending habits, acknowledging that he spends more than he should and could live a more humble life.
1:13:07 - 1:13:37 (00:30)
Summary
A man discusses his spending habits, acknowledging that he spends more than he should and could live a more humble life. However, he is inspired by those who spend more and live luxuriously.