Episode
How to Become A Billion Dollar Creator with Nathan Barry, Founder of ConvertKit
Description
Shaan Puri (@ShaanVP) and Sam Parr (@theSamParr) are joined by Nathan Barry (@NathanBarry) to discuss ConvertKit and how Nathan has grown it to over $200M, how to become a billion dollar creator, why he refuses to give Shaan a price discount, and much more. ----- * 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: (00:25) - Nathan's real estate investment making $15k a month (03:10) - His background (10:00) - Discussion on whether or not annual plans are worth it (15:50) - The billion dollar creator and the best ways to monetize (50:00) - Nathan discusses some of his failures and what he would do if he were starting over (01:01:30) - Shaan asking Nathan for a discount ----- 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 automates tasks, tracks contact info and deals, and provides access to the same data for your entire team, all for free.
00:00 - 01:09 (01:09)
Summary
HubSpot CRM is a one-stop shop that automates tasks, tracks contact info and deals, and provides access to the same data for your entire team, all for free. It's the modern CRM choice for many growing businesses.
EpisodeHow to Become A Billion Dollar Creator with Nathan Barry, Founder of ConvertKit
PodcastMy First Million
This podcast episode discusses the importance of creating a public blueprint for startups and how it can help companies in real-time by providing a mission statement to help those working for it to achieve their goals.
01:09 - 05:45 (04:35)
Summary
This podcast episode discusses the importance of creating a public blueprint for startups and how it can help companies in real-time by providing a mission statement to help those working for it to achieve their goals. Meanwhile, the hosts also questioned who is renting Airbnb listings for such a high price in Boise.
EpisodeHow to Become A Billion Dollar Creator with Nathan Barry, Founder of ConvertKit
PodcastMy First Million
A startup struggles with increasing expenses and decreasing funds despite a growing bank balance, prompting the suggestion to raise funding and discussing the option of investing excess funds into an insurance blanket or savings account.
05:45 - 09:12 (03:26)
Summary
A startup struggles with increasing expenses and decreasing funds despite a growing bank balance, prompting the suggestion to raise funding and discussing the option of investing excess funds into an insurance blanket or savings account.
EpisodeHow to Become A Billion Dollar Creator with Nathan Barry, Founder of ConvertKit
PodcastMy First Million
The challenge of comparing the different value of dropping new products frequently in a direct-to-consumer (D2C) business is discussed.
09:12 - 12:49 (03:37)
Summary
The challenge of comparing the different value of dropping new products frequently in a direct-to-consumer (D2C) business is discussed.
EpisodeHow to Become A Billion Dollar Creator with Nathan Barry, Founder of ConvertKit
PodcastMy First Million
The transcript includes a discussion about the financial success of Mark's Daily Apple blog, which was a leading paleo health blog in the 2006-2010 era, and the potential earnings of such blogs.
12:49 - 19:26 (06:37)
Summary
The transcript includes a discussion about the financial success of Mark's Daily Apple blog, which was a leading paleo health blog in the 2006-2010 era, and the potential earnings of such blogs. The conversation also mentions the financial success of movie stars like Jessica Alba.
EpisodeHow to Become A Billion Dollar Creator with Nathan Barry, Founder of ConvertKit
PodcastMy First Million
A young basketball player turns down offers from Nike and Adidas to create his own shoe line under the name Big Baller Brand.
19:27 - 26:01 (06:34)
Summary
A young basketball player turns down offers from Nike and Adidas to create his own shoe line under the name Big Baller Brand. Despite initial success, the line ultimately fails due to poor quality and lack of a solid business plan.
EpisodeHow to Become A Billion Dollar Creator with Nathan Barry, Founder of ConvertKit
PodcastMy First Million
A man turns his hometown bar into a set for his product brand while creating a stout and now selling it as a new alcoholic beverage.
26:01 - 30:54 (04:53)
Summary
A man turns his hometown bar into a set for his product brand while creating a stout and now selling it as a new alcoholic beverage. He sells every aspect of his lifestyle as an independent brand, with the latest selling product being a stout people buy on a regular basis.
EpisodeHow to Become A Billion Dollar Creator with Nathan Barry, Founder of ConvertKit
PodcastMy First Million
The founder of Wealthfront could have amassed great wealth by creating software firms similar to the robo-advisor startup by investing in the low fee index fund strategy.
30:54 - 35:36 (04:41)
Summary
The founder of Wealthfront could have amassed great wealth by creating software firms similar to the robo-advisor startup by investing in the low fee index fund strategy. There are many versions of the same tool, and opting to monetize products valued as software companies instead of platforms can maximize profits, as seen in the case of Optin Monster.
EpisodeHow to Become A Billion Dollar Creator with Nathan Barry, Founder of ConvertKit
PodcastMy First Million
The article discusses the potential of blogging as a means to make an audience and generate revenue.
35:36 - 41:14 (05:38)
Summary
The article discusses the potential of blogging as a means to make an audience and generate revenue. It examines the criticism bloggers often face and argues it is a viable method for making money if approached strategically.
EpisodeHow to Become A Billion Dollar Creator with Nathan Barry, Founder of ConvertKit
PodcastMy First Million
In this episode, the speaker discusses the concept of productized services, using examples of businesses that provide personalized products through outsourcing to create new revenue streams.
41:14 - 44:39 (03:25)
Summary
In this episode, the speaker discusses the concept of productized services, using examples of businesses that provide personalized products through outsourcing to create new revenue streams. They also highlight the importance of productizing a service in a way that delivers a clear value proposition to customers.
EpisodeHow to Become A Billion Dollar Creator with Nathan Barry, Founder of ConvertKit
PodcastMy First Million
The first step is always the hardest, especially when building something from scratch.
44:39 - 50:03 (05:23)
Summary
The first step is always the hardest, especially when building something from scratch. Building a one-off project can be simple, but creating a new business or product is a much more daunting task that requires patience and long-term thinking.
EpisodeHow to Become A Billion Dollar Creator with Nathan Barry, Founder of ConvertKit
PodcastMy First Million
The host discusses the difficulties of building a profitable business and shares ideas for new opportunities or problems that need solving for aspiring entrepreneurs.
50:03 - 57:18 (07:15)
Summary
The host discusses the difficulties of building a profitable business and shares ideas for new opportunities or problems that need solving for aspiring entrepreneurs. He also emphasizes the importance of self-care and occasional indulgences to avoid burnout.
EpisodeHow to Become A Billion Dollar Creator with Nathan Barry, Founder of ConvertKit
PodcastMy First Million
The speaker discusses searching for products to replace Convert Kit, and mentions Tim Ferriss linking to Arnold's list.
57:18 - 1:02:31 (05:12)
Summary
The speaker discusses searching for products to replace Convert Kit, and mentions Tim Ferriss linking to Arnold's list.
EpisodeHow to Become A Billion Dollar Creator with Nathan Barry, Founder of ConvertKit
PodcastMy First Million
A story about a CEO who had a clip art picture of another company's logo with a target on his fridge, and how the speaker felt uneasy about their own behavior in trying to compete with him.
1:02:31 - 1:04:59 (02:28)
Summary
A story about a CEO who had a clip art picture of another company's logo with a target on his fridge, and how the speaker felt uneasy about their own behavior in trying to compete with him.
EpisodeHow to Become A Billion Dollar Creator with Nathan Barry, Founder of ConvertKit
PodcastMy First Million
The interviewee reflects on an awkward podcast interview with Biden where the host seemed to have a lackluster understanding of the topic at hand.
1:05:01 - 1:08:41 (03:39)
Summary
The interviewee reflects on an awkward podcast interview with Biden where the host seemed to have a lackluster understanding of the topic at hand.
EpisodeHow to Become A Billion Dollar Creator with Nathan Barry, Founder of ConvertKit
PodcastMy First Million
The guest speaker talks about how a certain individual became famous on Twitter by sharing a fail story that worked, which the speaker found irritating because he knew who actually built the software.
1:08:41 - 1:12:06 (03:25)
Summary
The guest speaker talks about how a certain individual became famous on Twitter by sharing a fail story that worked, which the speaker found irritating because he knew who actually built the software. Additionally, they discuss a different story in which the same individual criticizes VC and claims to run the company in a new way.
EpisodeHow to Become A Billion Dollar Creator with Nathan Barry, Founder of ConvertKit
PodcastMy First Million
The speaker shares his experience of creating an underdog story in both business and basketball, sleeping on an air mattress to save money while starting a business and joking about being the only Indian guy playing basketball.
1:12:06 - 1:15:39 (03:33)
Summary
The speaker shares his experience of creating an underdog story in both business and basketball, sleeping on an air mattress to save money while starting a business and joking about being the only Indian guy playing basketball.
EpisodeHow to Become A Billion Dollar Creator with Nathan Barry, Founder of ConvertKit
PodcastMy First Million
The speaker discusses how grudges serve as a powerful source of fuel and motivation, especially when combined with a diet that includes healthy fats and protein.
1:15:39 - 1:17:42 (02:03)
Summary
The speaker discusses how grudges serve as a powerful source of fuel and motivation, especially when combined with a diet that includes healthy fats and protein.
EpisodeHow to Become A Billion Dollar Creator with Nathan Barry, Founder of ConvertKit
PodcastMy First Million
In this conversation, the speaker suggests a name for a service focused on philanthropy in India, but notes the name sounds more like a bottled water company than a charitable organization.
1:17:42 - 1:21:15 (03:33)
Summary
In this conversation, the speaker suggests a name for a service focused on philanthropy in India, but notes the name sounds more like a bottled water company than a charitable organization.
EpisodeHow to Become A Billion Dollar Creator with Nathan Barry, Founder of ConvertKit
PodcastMy First Million
The guest and the host plan on doing a workout on the host's new ranch property in Austin.
1:21:16 - 1:21:46 (00:30)
Summary
The guest and the host plan on doing a workout on the host's new ranch property in Austin.