Saturday, September 28, 2013
How to get people to blog about you
Recently I asked Gary Vaynerchuk a question on twitter. I was one of 7 people he answered in writing and was pleasantly surprised to be featured in his blog post. What he did made my day and now here I am to blog about this as a thank you. You can see my original question in the link I provided...however he also unknowingly answered another question by example. How to get people to blog about you. You see I'm blogging about Gary for a couple of specific reasons and this isn't the first time either. This is the second time! So lets dig into why I'm blogging about him and why I think others are as well.
1) Authenticity
Each time you see Gary on youtube, twitter or anywhere he is himself. This is one of the main reasons I think he draws people in so easily and led to me admiring his style of doing business. If you ever find Gary on a platform, you can see he doesn't sugar coat anything, I think a lot of people respect that. By being honest with his audience he makes a great connection with us, which makes it a lot more special when he does something for you.
2) Empathy
So you know he's being authentic, but what also helps is he's very empathetic. Even though I've never met Gary in real life and I feel like he remembers me because of his ability to be so understand people. This is why I really liked his answer to my question. Read a blog he wrote about here, someone was disappointed in the comments section so he made it up to them. Of course there will always be people that can never be happy, but Gary's empathy helps him connect with everyone so each interaction gets him a lot of appreciation.
3) Give back more value than expected
Gary gave me a paragraph of an answer to my 1 minute thought out question, now that's a great ROI! This was a great way to surprise and delight me, which is the last reason I'm blogging about him today. By constantly giving people back more than they expect it earns him major points. Gary even does live streams with his audience giving back massive value by helping their businesses and making them more money!
So lets review. Gary is authentic in his brand and all of his content, which helps people feel close with him and like him a lot easier. Whenever he interacts with people he is empathetic with them and they like him more because he understands them. Finally Gary surprises people by giving them more value then they expected, which sets him apart and makes his audience personal ambassadors.
Thursday, September 26, 2013
All the Lies in Business
I was shocked with all the lies in my early years of conducting business. I had dealings with people promising to make me a millionaire in a two years; Clients telling me no one would ever agree to use my product when their neighbors did, people telling me the product was to costly when it wasn't, Startup friends bragging about how much business they were going to do when in fact I knew nothing was going on...Worse though...the worst of all those previous lies...were the people who lead me on.
"So what did you think about our product?" I'd say to a customer. "Sounds good he replied, let me talk to my accountant I can definitely see the value, I'll get back to you soon". A week later, after 6 attempts of contact he said on the phone: "Sorry I know this sounds like an excuse, but we're busy over here I'll call you back in a few days gotta go". Ok, you're busy I thought to myself no problem you'll get back to me or I'll get to you. About 15 attempts of getting in contact with him, passing notes, emails, voicemails, cellphone texts! I finally asked the secretary to talk to him for a response. "Sorry" she said: "your product is just too expensive"...Well there goes another opportunity down the drain I thought.
When clients don't pick up the phone or answer emails, when people make excuses for meetings you figure it out fast. The bottom line is you're just not valuable enough for them, and for whatever reason they don't want you to know. I've come to the conclusion though that its imminent, I myself am guilty of it as well on a smaller scale.
I'd tell people I was older when I wasn't, I'd say that me and my co-founder weren't related when we are, I would say I'm a programmer when I only know html and a bit of Javascript. I would pretend my company was larger on craigslist for development work early on and then quote graphic designers a fraction of the prices they asked for knowing they'd take it. (There's a close line to shrewd negotiation and lying I still don't know, which one that constitutes).
On the brighter side, in the recent years I've been more and more honest with people. We all know the "I ran into traffic" line just means you didn't think the meeting was important enough to come early. I still use some of those lines, but am cutting down on them. I think people love you for honesty as long as you're confident in yourself and can provide value.
The more people lied to me and my co-founder during business the more we were able to see through it. I guess being inexperienced salesmen back then we were way too optimistic about everything. We now know that "email me about your product, I'll do research and get back to you when I can, thanks" most likely means means fuck off, but in a polite way. If you do a cold call and someone says: "sorry I'm busy" well they're lying because they wouldn't have answered the phone for a random stranger in the first place, they'd just let it go to voicemail.
The more lies I hear the better business instincts I get. I've come to a point where if a client is acting shady during a free trial I cut them off and tell them to get back to me. At the end of the day I'll keep trucking on, hearing the lies and getting better at recognizing them. Each lie is more experience for me to learn from and another step closer to financial success or at least I tell myself for now.
As always thanks for the read.
Connect with me on Twitter: https://twitter.com/VladMkrtumyan
Connect with me on Linkedin: http://www.linkedin.com/pub/vladimir-mkrtumyan/15/454/878
Wednesday, September 25, 2013
Stuck in the movie Groundhog Day?
In one of my favorite movies Groundhog Day, our protagonist Bill Murray is stuck living out that same day for like a billion years. He never travels to the future past Groundhog Day until he becomes the nicest guy in town, learns how to play the piano, build a nuclear reactor (maybe not) etc. I've realized my life and society is sort of stuck doing the same things daily like that movie.
Watch the trailer for fun if you want:
http://www.youtube.com/watch?v=tSVeDx9fk60
As a whole people never change. If you take a look at our developmental accomplishments in life most of them happen from when we're born to around the end of college. After college everyone stops learning all of a sudden, we all watch football every weekend and drink beer with our friends (I still love the Seahawks). No need to study for finals so its back to the bar or time to watch another episode of Breaking Bad.
The financial road we're on is generally the same maxing at around the 60,000 income range. Starting tomorrow "I'll eat healthy!" or "exercise" or fill in the blank, we say to ourselves and tomorrow comes around today...again...
I told myself I'd blog everyday of my life starting..."tomorrow", but it didn't work out that way...I know I need to exercise daily, but I don't. Programming is an invaluable skill-set right? Well I've been saying that for the last 2 and a half years.
We all have the next step right in front of us, but don't take it for one reason or another, which are all lame excuses at the end of the day.
So with all my ranting and whining about the problem, what is my solution? Well the reason I'm able to publish this blog today, the reason I've been more active is simple. A start is better than nothing...
I got myself to commit a little bit of effort these last couple of weeks. I now do 10 push ups when I wake up every morning. Consistently doing 10 push ups daily, I was actually in the mood to exercise a couple of days later, which I now do regularly. I made myself outline blogs whenever a topic or idea hit me, which makes publishing these puppies a lot easier. The next habit I'll try to instill is programming. Tiny consistent commitments that got me started down the right path made a huge difference. Even though I'm not blogging daily, which is hard to do things are definitely improving fast and I feel like I'm on an upward spiral.
After this post I'll do 5 minutes of programming lessons, which may be nothing...but tomorrow I may do 30 minutes of programming lessons who knows. I know I'll also do 10 push ups in the morning and still outline a blog idea tomorrow, which will definitely help lead me down the right path. The point is to start very small and you'll be impressed by what'll happen if you keep it up.
"I don't have the time" or "I'm tired" aren't excuses if you break down a huge goal of exercising daily into doing 10 push ups each morning or even less.
As we take these small steps the next ones will illuminate and should help us escape the Groundhog Day we're all stuck in. My goal is to keep improving past my early 20s for the rest of my life and hopefully become a badass mofo with this method.
As always you can find me on twitter: https://twitter.com/VladMkrtumyan
Thanks for reading. :-)
Watch the trailer for fun if you want:
http://www.youtube.com/watch?v=tSVeDx9fk60
As a whole people never change. If you take a look at our developmental accomplishments in life most of them happen from when we're born to around the end of college. After college everyone stops learning all of a sudden, we all watch football every weekend and drink beer with our friends (I still love the Seahawks). No need to study for finals so its back to the bar or time to watch another episode of Breaking Bad.
The financial road we're on is generally the same maxing at around the 60,000 income range. Starting tomorrow "I'll eat healthy!" or "exercise" or fill in the blank, we say to ourselves and tomorrow comes around today...again...
I told myself I'd blog everyday of my life starting..."tomorrow", but it didn't work out that way...I know I need to exercise daily, but I don't. Programming is an invaluable skill-set right? Well I've been saying that for the last 2 and a half years.
We all have the next step right in front of us, but don't take it for one reason or another, which are all lame excuses at the end of the day.
So with all my ranting and whining about the problem, what is my solution? Well the reason I'm able to publish this blog today, the reason I've been more active is simple. A start is better than nothing...
I got myself to commit a little bit of effort these last couple of weeks. I now do 10 push ups when I wake up every morning. Consistently doing 10 push ups daily, I was actually in the mood to exercise a couple of days later, which I now do regularly. I made myself outline blogs whenever a topic or idea hit me, which makes publishing these puppies a lot easier. The next habit I'll try to instill is programming. Tiny consistent commitments that got me started down the right path made a huge difference. Even though I'm not blogging daily, which is hard to do things are definitely improving fast and I feel like I'm on an upward spiral.
After this post I'll do 5 minutes of programming lessons, which may be nothing...but tomorrow I may do 30 minutes of programming lessons who knows. I know I'll also do 10 push ups in the morning and still outline a blog idea tomorrow, which will definitely help lead me down the right path. The point is to start very small and you'll be impressed by what'll happen if you keep it up.
"I don't have the time" or "I'm tired" aren't excuses if you break down a huge goal of exercising daily into doing 10 push ups each morning or even less.
As we take these small steps the next ones will illuminate and should help us escape the Groundhog Day we're all stuck in. My goal is to keep improving past my early 20s for the rest of my life and hopefully become a badass mofo with this method.
As always you can find me on twitter: https://twitter.com/VladMkrtumyan
Thanks for reading. :-)
Tuesday, September 24, 2013
25 Reasons Programmers Should Love Cold Calling SaaS
Ah the programmer, one of my favorite types of people in the world. Stereotyped as an introvert not able to hold a conversation with his own mother and never getting the girl. We know this isn't true, screw society, we know each programmer breaks the mold in their own way. Hopefully one day people will see how extraordinary this skill really is, but what if programmers loved cold calling as well? I think they'd take over the world in a heartbeat.
I have a friend who describes himself as an "extroverted programmer", he was self taught with no college background, got into Microsoft and worked as a project lead for over a lead, quit that started doing consulting work and building startups. I also have a cousin who is a CS major at Berkley, the "I've done this since I was 13" type of programmer. Both of these guys have been extremely successful at business considering their young age, the former selling a company and the latter having one making thousands a month currently. They are both young, yet what they have in common is they don't mind picking up the phone and making a call.
You may argue "I shouldn't love cold calling, I need to specialize in one field to be the best I can in it". Well if your goal is to be Dennis Ritchie then you're on the right path, however if you want to be a founder of a tech company then don't lie to yourself and say having the guts to get business and close deals is a bad thing. God forbid you cold call someone, get some initial users or make some sales. I think we need more programmers who can put on the sales cap, we know they're smart enough all they have to do is jump in the pool. You hate "business monkeys" right? Well show them how useless they really are.
If I miss any reasons feel free to add on and if you disagree then cool story bro (just kidding opposite opinions are always welcome and facilitate good conversation).
So without further adieu, here is my list of 25 Reasons Programmers Should Love Cold Calling.
1) Human Hacking. Something Kevin Mitnick was great at (don't pretend he isn't cool). Cold calling is arguably similar to it except more legal.
2) It will teach you how to stand up for yourself. The best cold callers don't let people walk all over them and everyone needs self-confidence. Say your business fails, well you can now negotiate contracts and aren't afraid of receiving a "no" for your future boss.
3) You don't rely on a business co-founder anymore. In fact tell him you want 80% equity, he's gonna stay in operation land while you handle the big deals running the company the right way. Not relying on a business co-founder lets you be a lot more picky. Perhaps you want a business superstar now for salary? Perhaps even hire more programmers on board to show people what a Lean Startup really is.
4) New connections. No one can take away the power you'll build with great connections. Cold calling will build your sales skills to the point where selling yourself won't be a problem. Once you have the connections, the ability to build the product and sales skills to grow further...well I think we're on to something :-)
5) Never be cornered into one role again. By playing multiple roles at a startup you can switch back and forth when bored or perhaps stuck on a hard problem. Pick up the phone an start cold calling, make a sale, feel good and fix that Satan induced bug.
6) It kills your ego. When you cold call you have to get rid of that feeling deep inside the pit of your stomach that cares about judgement. Having an ego, being "too good" to do the little stuff will kill a startup fast. As a co-founder you have to put your pride aside and do whatever it takes to succeed, having an ego can drag all of us down in life.
7) Forget the QA Engineer or VP sales guy slowing things down. If you're a startup founder talking directly to customers will definitely help. Bypass the QA guy and get to the customers real gripe without playing telephone. There's a reason Michael Dell spent 20% of his time in customer development.
8) You're destined to do it. Have you tried cold calling? No? Is there 1% chance you'll love it? Maybe. Give it a try and you just might find another love of your's that will take you farther in life.
9) Being a programmer is a HUGE advantage in during the sales process. "Oh you don't like the product?...well what would like me to fix about it, I MADE it". Saying you're the owner (even partial) of the product will gain you tons of respect from customers. Telling people you're a programmer in sales or cold calls is very disarming. You're not that pesky guy attacking them to hurry up and buy, you're the creator seeking their insight trying to create value and actually fix their problems.
10) Gain more respect with your team. Is there another sales guy in your company? Well consider yourself brothers at arms now, you have a connection with him very few people ever will, you've been in the trenches you know what its like.
11) Hilarious stories. You'll laugh at the "professional" image some companies comically uphold, the hip hop hold music they put you on, the half asleep employees and much more. The last sweet old front desk lady who transferred me to the wrong person said: "oh fuck sorry!".
12) People will thank you. If the call goes well or at minimum if you're polite, people will thank you for reaching out to them attempting to provide value. A lot of cold callers forget about this, but then again most people in life focus on the negatives or what's in it for them during sales.
13) It helps figure out if the business you're in is worth being a part of. If most customers don't like the product then why should you continue with this path? The worse death is that of "a thousand paper-cuts" in startups vs. failing fast and pivoting to success.
14) Ever want to call yourself a Growth Hacker? Well if you understand programming and cold calling then marketing will be much easier. You can now create your own marketing tools with your new found knowledge of your prospects and clients.
15) Writing ads is easier then ever before. With all your experience in sales you know what your customers like to hear and how they like to hear it, you have the chance to understand the customer in the best way.
16) You're trying out a new way to get users. To get an edge or keep an edge in startups you have to try out new things, cold calling just may be the highest way to convert customers on top of all the valuable market research you'll find.
17) No co-founders no problem. Being a single co-founder is hard, damn near impossible, however now you can do it. On the flip side, prove your idea works first and your ideal partners will be more likely to join.
18) Add this as another skill on your resume if the startup idea failed. You can now talk about this experience and will stick out like a sore thumb versus everyone else.
19) Making a list of new features is faster than ever before. Simply asking people what they'd like to see in your startup isn't such a bad thing. It doesn't mean you can't innovate, but it does mean you're listening to customers and taking what they really want into consideration.
20) Find your dream clients. You can now be more picky with douchebags and find the dream clients you wanted. This is the reason I'm picky with our clients on trial today in fact because I know I can get someone else in their area.
21)Learn social skills. Yes cold calling involves keeping the conversation going and figuring out when people don't want you to talk, if you learn how to do this conversations will be easier then ever before.
22) Learn more about your competitors. Sometimes clients will tell you what you're not doing that your competitors are and who else they're comparing you to.
23) Build your business instincts. If you do enough sales you'll know just when a deal will fall through and when people are taking you for a ride, this makes building a startup a lot easier.
24) Learn more about your companies reputation and other people in your company. Some customers may have talked to other people in your company before who they'll praise or hate and can tell you why.
25) Find other product segments. As the case happened for my company a possible customer of your's may have a completely different problem then you imagined that you can solve, all solved through programming.
26) Bonus: Make More Money. An extra person on the sales team = more money, a programmer on the sales team = better product + more sales = Much More Money.
Well those are all the reasons I can come up with off the top of my head for now. This post was inspired by my cold calling/programming startup founder so thanks to him.
Follow my partner on twitter: https://twitter.com/hayksaakian
I have a friend who describes himself as an "extroverted programmer", he was self taught with no college background, got into Microsoft and worked as a project lead for over a lead, quit that started doing consulting work and building startups. I also have a cousin who is a CS major at Berkley, the "I've done this since I was 13" type of programmer. Both of these guys have been extremely successful at business considering their young age, the former selling a company and the latter having one making thousands a month currently. They are both young, yet what they have in common is they don't mind picking up the phone and making a call.
You may argue "I shouldn't love cold calling, I need to specialize in one field to be the best I can in it". Well if your goal is to be Dennis Ritchie then you're on the right path, however if you want to be a founder of a tech company then don't lie to yourself and say having the guts to get business and close deals is a bad thing. God forbid you cold call someone, get some initial users or make some sales. I think we need more programmers who can put on the sales cap, we know they're smart enough all they have to do is jump in the pool. You hate "business monkeys" right? Well show them how useless they really are.
If I miss any reasons feel free to add on and if you disagree then cool story bro (just kidding opposite opinions are always welcome and facilitate good conversation).
So without further adieu, here is my list of 25 Reasons Programmers Should Love Cold Calling.
1) Human Hacking. Something Kevin Mitnick was great at (don't pretend he isn't cool). Cold calling is arguably similar to it except more legal.
2) It will teach you how to stand up for yourself. The best cold callers don't let people walk all over them and everyone needs self-confidence. Say your business fails, well you can now negotiate contracts and aren't afraid of receiving a "no" for your future boss.
3) You don't rely on a business co-founder anymore. In fact tell him you want 80% equity, he's gonna stay in operation land while you handle the big deals running the company the right way. Not relying on a business co-founder lets you be a lot more picky. Perhaps you want a business superstar now for salary? Perhaps even hire more programmers on board to show people what a Lean Startup really is.
4) New connections. No one can take away the power you'll build with great connections. Cold calling will build your sales skills to the point where selling yourself won't be a problem. Once you have the connections, the ability to build the product and sales skills to grow further...well I think we're on to something :-)
5) Never be cornered into one role again. By playing multiple roles at a startup you can switch back and forth when bored or perhaps stuck on a hard problem. Pick up the phone an start cold calling, make a sale, feel good and fix that Satan induced bug.
6) It kills your ego. When you cold call you have to get rid of that feeling deep inside the pit of your stomach that cares about judgement. Having an ego, being "too good" to do the little stuff will kill a startup fast. As a co-founder you have to put your pride aside and do whatever it takes to succeed, having an ego can drag all of us down in life.
7) Forget the QA Engineer or VP sales guy slowing things down. If you're a startup founder talking directly to customers will definitely help. Bypass the QA guy and get to the customers real gripe without playing telephone. There's a reason Michael Dell spent 20% of his time in customer development.
8) You're destined to do it. Have you tried cold calling? No? Is there 1% chance you'll love it? Maybe. Give it a try and you just might find another love of your's that will take you farther in life.
9) Being a programmer is a HUGE advantage in during the sales process. "Oh you don't like the product?...well what would like me to fix about it, I MADE it". Saying you're the owner (even partial) of the product will gain you tons of respect from customers. Telling people you're a programmer in sales or cold calls is very disarming. You're not that pesky guy attacking them to hurry up and buy, you're the creator seeking their insight trying to create value and actually fix their problems.
10) Gain more respect with your team. Is there another sales guy in your company? Well consider yourself brothers at arms now, you have a connection with him very few people ever will, you've been in the trenches you know what its like.
11) Hilarious stories. You'll laugh at the "professional" image some companies comically uphold, the hip hop hold music they put you on, the half asleep employees and much more. The last sweet old front desk lady who transferred me to the wrong person said: "oh fuck sorry!".
12) People will thank you. If the call goes well or at minimum if you're polite, people will thank you for reaching out to them attempting to provide value. A lot of cold callers forget about this, but then again most people in life focus on the negatives or what's in it for them during sales.
13) It helps figure out if the business you're in is worth being a part of. If most customers don't like the product then why should you continue with this path? The worse death is that of "a thousand paper-cuts" in startups vs. failing fast and pivoting to success.
14) Ever want to call yourself a Growth Hacker? Well if you understand programming and cold calling then marketing will be much easier. You can now create your own marketing tools with your new found knowledge of your prospects and clients.
15) Writing ads is easier then ever before. With all your experience in sales you know what your customers like to hear and how they like to hear it, you have the chance to understand the customer in the best way.
16) You're trying out a new way to get users. To get an edge or keep an edge in startups you have to try out new things, cold calling just may be the highest way to convert customers on top of all the valuable market research you'll find.
17) No co-founders no problem. Being a single co-founder is hard, damn near impossible, however now you can do it. On the flip side, prove your idea works first and your ideal partners will be more likely to join.
18) Add this as another skill on your resume if the startup idea failed. You can now talk about this experience and will stick out like a sore thumb versus everyone else.
19) Making a list of new features is faster than ever before. Simply asking people what they'd like to see in your startup isn't such a bad thing. It doesn't mean you can't innovate, but it does mean you're listening to customers and taking what they really want into consideration.
20) Find your dream clients. You can now be more picky with douchebags and find the dream clients you wanted. This is the reason I'm picky with our clients on trial today in fact because I know I can get someone else in their area.
21)Learn social skills. Yes cold calling involves keeping the conversation going and figuring out when people don't want you to talk, if you learn how to do this conversations will be easier then ever before.
22) Learn more about your competitors. Sometimes clients will tell you what you're not doing that your competitors are and who else they're comparing you to.
23) Build your business instincts. If you do enough sales you'll know just when a deal will fall through and when people are taking you for a ride, this makes building a startup a lot easier.
24) Learn more about your companies reputation and other people in your company. Some customers may have talked to other people in your company before who they'll praise or hate and can tell you why.
25) Find other product segments. As the case happened for my company a possible customer of your's may have a completely different problem then you imagined that you can solve, all solved through programming.
26) Bonus: Make More Money. An extra person on the sales team = more money, a programmer on the sales team = better product + more sales = Much More Money.
Well those are all the reasons I can come up with off the top of my head for now. This post was inspired by my cold calling/programming startup founder so thanks to him.
Follow my partner on twitter: https://twitter.com/hayksaakian
Thursday, September 19, 2013
How I Met a Billlionaire and What I Learned
Out of respect to the man I interviewed, I will keep his identity semi-anonymous. I don't think he cares much if I share his identity, but I never told him I'd blog about the conversation so it's purely out of respect. If you are dying to find out I'm sure with research you can guess who.
Firstly lets get the how I met him part out of the way. I joked around a lot with my mom about it because she told me every once in a while she sees one the founders of Costco around the office.
What's her position? Well she's simply an accountant like thousands of others, but luckily she works at the headquarters. Being a good CEO you can see him walk around headquarters and he greets all his employees. She saw him one day when he said hello, gave him my phone number and he told her he'd contact me. After weeks of no contact I got a call from a tired sounding secretary and I was in!
Now my meeting was with 3 other guys my age who had questions, but I didn't mind because I got my 30 minutes of one on one time in.
By the way, meeting millionaires is very possible! Hell James Woods just tweeted a smiley face at me today on twitter :) Gary Vaynerchuk and James Altucher are both on twitter and I got them both to respond to my emails (for which I am eternally grateful). I even snapchat with Gary Vaynerchuk from time to time, connect with him its easy! James Altucher even answers questions on Thursdays for twitter followers so go check those guys out...but interviewing this guy at the top of his level...a billionaire...he was at the end of where a lot of business people only dream to be on their business journeys.
I happened to write all his answers in a journal, some answers are controversial others you already know. I'll make this short, I had a 30 minute interview. If I was smarter I'd get a camera and record our interview and make it public (something you could do when meeting famous people you'll rarely see)...the problem is I doubt I'll ever see him again. He's very busy and I tried reaching out to no avail.
Now remember these answers are from memory, so all the bad stuff is mine and inexperienced interpretation, all the great stuff is his.
1) What's the answer to work/life balance?
That's a hard questions...There's never going to be a perfect answer to that question. I work 10 hours everyday and on weekends. My only tip is when you're with family make it all about family and vice versa with work. I recommend you balance your time on only 3 things in life: 1) Family 2) Work and 3) Health, everything else will take care of itself.
2) Is Mentorship important?
Mentorship is very important. I would definitely not have been where I have been today if it wasn't for Sol Price. I learned everything I know about business from him. He was the type of guy who when I said, "Look how great we're doing!" would say: "Keep your head down and get back to work". Each one of you should get a mentor. He has been pushing me to work beyond what I thought was capable.
3) I believe luck is when opportunity meets hard work, what are your thoughts?
A lot of young bright guys think they can sit there and reach the level of Gates or Jobs, but I'd be very foolish not to tell you luck had a lot to do with my success. You can only reach a certain level of success along with working 24/7 of course. If you take a look at my past I was amazingly lucky to land the jobs I landed, learn all I needed to learn, meet the right partners and be involved in just the right market during the time banks were giving out the types of loans not accessible today.
4) Amazon is killing it online, what are you guys doing in that space?
We are making more money online than consumers can fathom its just we still believe people will travel to stores to get things in quantity. Right now you don't have the buying experience you do in store, one day that may be wrong, we have people watching.
5) How do you deal with set backs?
Look we all have setbacks as a natural part of the process. You will no doubt stub your toes on the way to success, the question is will you stop like everyone else or keep moving forward. We tell our managers to make a list of everything they want to get accomplished for the week on Sunday and review each week, keep it simple.
At this point in the conversation I let the other three guys pitch him their product. My company was selling leads in real estate I told him about it, but he didn't reply and I didn't think he could help too much. I also figured I was lucky enough to get an interview so I left it at that, which may have been a mistake. I should have asked him to be a mentor, later I did in a letter, but I'm sure it was too late. Overall I'm very grateful for the opportunity.
The main two things I learned besides the lessons above is A) Everyone says they're "busy", but they're not, if a billionaire could meet with me anyone can make the time to meet with anyone. The bottom line is "I'm busy" is lying. B) Having a lot of money doesn't make you so special, his answers weren't revolutionary, but still good. A lot of his insights were great, but I thought he'd totally blow my mind with business knowledge...maybe it went above my head and looking at my notes I'll come to realize the genius...The success he attained seemed like it came from abnormal amounts of hard work, meeting the right people and luck.
Firstly lets get the how I met him part out of the way. I joked around a lot with my mom about it because she told me every once in a while she sees one the founders of Costco around the office.
What's her position? Well she's simply an accountant like thousands of others, but luckily she works at the headquarters. Being a good CEO you can see him walk around headquarters and he greets all his employees. She saw him one day when he said hello, gave him my phone number and he told her he'd contact me. After weeks of no contact I got a call from a tired sounding secretary and I was in!
Now my meeting was with 3 other guys my age who had questions, but I didn't mind because I got my 30 minutes of one on one time in.
By the way, meeting millionaires is very possible! Hell James Woods just tweeted a smiley face at me today on twitter :) Gary Vaynerchuk and James Altucher are both on twitter and I got them both to respond to my emails (for which I am eternally grateful). I even snapchat with Gary Vaynerchuk from time to time, connect with him its easy! James Altucher even answers questions on Thursdays for twitter followers so go check those guys out...but interviewing this guy at the top of his level...a billionaire...he was at the end of where a lot of business people only dream to be on their business journeys.
I happened to write all his answers in a journal, some answers are controversial others you already know. I'll make this short, I had a 30 minute interview. If I was smarter I'd get a camera and record our interview and make it public (something you could do when meeting famous people you'll rarely see)...the problem is I doubt I'll ever see him again. He's very busy and I tried reaching out to no avail.
Now remember these answers are from memory, so all the bad stuff is mine and inexperienced interpretation, all the great stuff is his.
1) What's the answer to work/life balance?
That's a hard questions...There's never going to be a perfect answer to that question. I work 10 hours everyday and on weekends. My only tip is when you're with family make it all about family and vice versa with work. I recommend you balance your time on only 3 things in life: 1) Family 2) Work and 3) Health, everything else will take care of itself.
2) Is Mentorship important?
Mentorship is very important. I would definitely not have been where I have been today if it wasn't for Sol Price. I learned everything I know about business from him. He was the type of guy who when I said, "Look how great we're doing!" would say: "Keep your head down and get back to work". Each one of you should get a mentor. He has been pushing me to work beyond what I thought was capable.
3) I believe luck is when opportunity meets hard work, what are your thoughts?
A lot of young bright guys think they can sit there and reach the level of Gates or Jobs, but I'd be very foolish not to tell you luck had a lot to do with my success. You can only reach a certain level of success along with working 24/7 of course. If you take a look at my past I was amazingly lucky to land the jobs I landed, learn all I needed to learn, meet the right partners and be involved in just the right market during the time banks were giving out the types of loans not accessible today.
4) Amazon is killing it online, what are you guys doing in that space?
We are making more money online than consumers can fathom its just we still believe people will travel to stores to get things in quantity. Right now you don't have the buying experience you do in store, one day that may be wrong, we have people watching.
5) How do you deal with set backs?
Look we all have setbacks as a natural part of the process. You will no doubt stub your toes on the way to success, the question is will you stop like everyone else or keep moving forward. We tell our managers to make a list of everything they want to get accomplished for the week on Sunday and review each week, keep it simple.
At this point in the conversation I let the other three guys pitch him their product. My company was selling leads in real estate I told him about it, but he didn't reply and I didn't think he could help too much. I also figured I was lucky enough to get an interview so I left it at that, which may have been a mistake. I should have asked him to be a mentor, later I did in a letter, but I'm sure it was too late. Overall I'm very grateful for the opportunity.
The main two things I learned besides the lessons above is A) Everyone says they're "busy", but they're not, if a billionaire could meet with me anyone can make the time to meet with anyone. The bottom line is "I'm busy" is lying. B) Having a lot of money doesn't make you so special, his answers weren't revolutionary, but still good. A lot of his insights were great, but I thought he'd totally blow my mind with business knowledge...maybe it went above my head and looking at my notes I'll come to realize the genius...The success he attained seemed like it came from abnormal amounts of hard work, meeting the right people and luck.