Creating Confidence with Heather Monahan - #396: Why Wealth Is Within Your Grasp: Create A Million Dollar Weekend Business with Noah Kagan Chief Sumo & CEO at AppSumo.com, Entrepreneur, & Author
Episode Date: January 30, 2024To check out OneSkin click here! https://shareasale.com/u.cfm?d=1054216&m=102446&u=3821794&afftrack= To get your 15% one time use discount use code: Confidence Remember if you opt in for the subscr...iption you can cancel any time but you can only use the discount code once. In This Episode You Will Learn About: The sustainable path to compounding your success Why there is nothing stopping you from becoming a millionaire How rejection is an awesome thing Creating a business in 48 hours Resources: Website: noahkagan.com Read Million Dollar Weekend Listen to Noah Kagan Presents LinkedIn, YouTube, Twitter & Instagram: @noahkagan Visit heathermonahan.com Overcome Your Villains is Available NOW! Order here: https://overcomeyourvillains.com Show Notes: What if all it took to create a successful business was one weekend? Today I have someone on the show who did just that! Let’s dive deep with Noah Kagan, the mastermind behind Appsumo.com, as he shares his entrepreneurial journey filled with setbacks and successes that highlight the power of perseverance. We'll delve into the significance of asking the right questions, understanding customer pain points, and the transformational approach of turning selling into helping. Are you ready to get started? I sure am! If You Liked This Episode You Might Also Like These Episodes: #352: Harnessing Fear: How To Use Fear To PROPEL Your Success Forward With Heather! #347: Rescue Your Mindset With The STOP SNAP SWITCH Method with Krista Mashore Top 1% Coach & Multi-Million Dollar CEO #307: How To Start Defining Your Own Success With Mark Manson NYT Best Selling Author Learn more about your ad choices. Visit megaphone.fm/adchoices
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You could be anywhere in the world and get rich.
And the other crazy thing about all this freedom number and these basics is that you just need
one.
You just need one.
In every other sport in the world, you need many.
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You need 50% shots to be good at basketball.
But in business, one hit that you find some people want, you find one thing and you stick
with that, that's all you need to be successful.
That's crazy.
Come on this journey with me.
Each week when you join me,
we are going to chase down our goals,
overcome adversity and set you up for a better tomorrow.
That's a new speaker.
I'm ready for my close-up.
Hi and welcome back.
I'm so glad you're back here this week.
I can't wait for you to meet our guest this week.
He's pretty incredible.
Noah Kagan is the founder and CEO at AppSumo.com,
an eight-figure company that teaches lessons
on how to start a business, grow a business,
and improve your marketing.
Before AppSumo.com, he was the 30th employee at Facebook,
reporting directly to Mark Zuckerberg,
where he helped build the Facebook ads platform.
He was the fourth employee at Mint.com. He currently resides in Austin, Texas and has a brand new book, Million Dollar Weekend, launching now.
Noah, thank you so much for being here today.
Heather, great to see you. I love your energy. It's nice chatting with you.
Wow, listen, that's what we're talking about, some really exciting stuff. So wait, give us, for everyone listening, for anyone who hasn't heard about you before,
which if you haven't heard about Noah before, you may have been living under a rock.
But listen, some pretty amazing stuff at a very young age.
Can you give us your back story, how this life turned into this freaking incredible success?
Misery.
You know, I was thinking about someone calling me a boomer. I was like, wow,ery. I was thinking about it. Someone called me a boomer.
I was like, wow, 41.
I made it.
And I think what's interesting about my story
is how everyone else can do their own level of success.
I think that's kind of like interesting thing.
You see these people, maybe you idolize like, wow, 40.
I'm worth like 10 to millions of dollars,
which is unbelievable.
And it's great.
I don't think people realize those people are not
that much different than themselves.
And it's not exclusive. But I definitely think realize those people are not that much different than themselves. And it's not exclusive.
But I definitely think people give off that impression to get to this level.
Here's my secret thing that you have to watch enough of my YouTube video, then you'll get.
I think my journey was exactly that.
I grew up in the middle class lane thinking that that was the only gear I was going to
be in.
Standard job, but always dreamed of being an entrepreneur early at Facebook.
Go work on your own problems or go work for companies that solve things you're excited about.
Got fired there. That was annoying for Mark.
I love that. I love you got fired.
Dude, I got fired twice, two for two.
Thank you, Aaron. Mark first and then Aaron Patzer helped build Mint.com.
That's sold for 300 million.
And so I was like, man, getting jobs seem very risky because you can get fired.
And people at Intel got fired too. Maybe this entrepreneurship thing has got to be a better way. And I don't
want one person ever controlling my livelihood. And so I was like, well, if I can start something
today, and this is what everyone can do, you could start literally right now, something,
plant the seed, and then years later, you can actually really enjoy whatever amazing life
you want to have. And so I just kept trying. and it was frustrating. It was living on couches, living on floors,
just being cheap, trying over and over and over again.
I did so many businesses no one's ever heard of.
Then around 2010, I was like,
everything kind of can't start to come together.
I was like, I want to promote, I love promoting,
I love marketing, that's my passion
and what I'm excited about.
I love being public.
Like I've been doing content since 2000
before you were born, Heather.
You know, like it's crazy. Software, I'm like, that's kind of getting big. And here's a way to get rich. I've been doing content since 2000 before you were born, Heather.
It's crazy.
Software, I'm like, that's kind of getting big.
Here's a way to get rich.
Find something non-obvious that will potentially ideally get bigger in the future, which was
software.
People need customers.
I put that together, launched AppSumo on a weekend for $60, which I know is a lot.
Sold a ton of these software deals right away off of Reddit and a PayPal button.
That was what we spent the money building.
And fast forward 14 years later, Opsima.com, number one sideline for software deals, did
$76 million in gross sales last year.
And then I teach people exactly how I did it so that they can do it themselves a million
dollar weekend.
You just made it sound so simple, so sissy, but you were kind of brushing over and then
14 years later, you're, fired a couple of times.
Let's go back to fired.
I like this reframe,
and I know you talk about reframing in your book.
I like this reframe where you share
that I was fired twice and I realized having a job
and working for someone else really is not safe.
And I had that realization at 43 when I was fired.
And I'll tell you, I had such a hard time
shifting my mindset from being a corporate exec
to going and building something on my own.
How were you able to do that and not have it be so hard?
Everybody has moments in their life
when you take a step back and think,
oh, I got dumped, I got cheated on, I lost my job,
I didn't get this thing I wanted.
And then it actually turned out to be a great thing.
I'm sure you have that moment. Like even in the theater, it sounds like at 43, you got fired.
You're like, oh, wow. So I do share that story because, one, people like hearing me getting fired.
But two, most bad moments can turn into great opportunities. Most problems in life are businesses
in disguise. I've never been risky, and people are really i'm like yeah i'm not a risky person.
What i have my day job at intel.
I was starting so many things during weekends planting the seeds because a lot of it may not work to find something people actually want does take some time it takes a process.
And so on weekends i was launching so many different things and i was planting the seeds where i didn't quit then but i meant to come i did the the same exact process. By the time that they fired me, I had this side business that was making my freedom number. It was Facebook games, like those annoying Farmville, that was me. And by the
time they fired me, I was like, well, great, I at least have this side hustle that's not making my
freedom number. I can don't need you anymore. And I could do my own thing. So in terms of the risk,
it does have to be some, I got to spend a lot of money. I got to spend a lot of time. I've got to
make this complicated thing.
Because especially someone like yourself, you have a kid, you have a day job, you have,
you know, maybe things you have to go on the weekends, but to change your life, you can
do it in 48 hours, but you have to start with something and then stick with that something
that finally can work over a long period of time for it to pay off.
And so the risk is really keeping the shitty ass life you may not like and realizing you
can live whatever
Freaking life you want to live and I think a lot of people don't recognize it that that's so true
Well, they definitely don't think it's easy
They think it's too hard or that you've got some special credential or some special
Anointing that they don't have that's allowed you to do it, but they're definitely not at that same level
You just brought up the freedom number. I know you get into it in the book
He tells a little bit what is a freedom number and why is that important?
You know, a lot of these gurus,
you can never see their real businesses,
which I always find kind of crazy.
Like, why are we living with these people?
We can't take their business.
And what they do though is they sell you a gap
of who you are and who you can be.
And they make you think that they're the only ones
that have this special power.
Every time people meet, you know, like,
I can do what you do.
And I'm like, that's the point. That is my belief. You just have to start. And what happens though is most people, you know,
I go on YouTube, I have a million person YouTube channel where I make content on there. And I go
to these office hours. And even with the book, I've had thousands of people go through the
beta launch of the book. I say, how many people are here made a dollar and half the audience of
more never made $1. But they all want to be millionaires And that's what I've noticed and I've seen it for myself
You want to make a lot of money, but you never get started you never make one freaking dollar
Which everyone could do literally right now on your phone if you realize it
And so the freedom number is the reality and this is something I've seen literally time and time and time again from people who I
Think they've lives that other people are like man
That seems like a pretty great life and it's realizing you need a lot less to quit your job and actually do the thing you really want to work on every day.
And so the freedom number for me was $3,000.
And it's different for each person.
But recognizing the number is actually really achievable.
So let me find something I can do that will give me
my freedom number, which is generally about your housing,
it's your lifestyle, and maybe some savings.
And by having a small achievable number,
you can do things and be like, OK, let me stick with it.
Let me stick with it.
Wow, now I can choose whether to keep both or quit my job and finally do a thing I like. And
what I've actually found, which is counterintuitive is even when you make little doing the thing you
love, but it's making enough, that can actually go on to make the most money. Because I've done it
the opposite way, where the thing that was supposed to be this easy AI, crypto, blogging,
content creator fad thing that might be really easy, quick rich money, it's easy for people to quit when it doesn't work out or if it's not working out the way they expect.
But if you find the thing like AppSumo where I'm like, I got $3,000, I quit my job,
which is what happened with me. I was working at a dating company and I was like,
well, I'm like $3,000, I'm gonna go move to Europe. And then I just kind of kept working on it.
I stuck with it. And that's another thing where people quit way too soon. 14 years later, better bing, better boom, I'm super rich. Ha ha ha worth hundreds of millions of dollars. I'm worth over 30 million cash, liquid,
that I can prove, not fake guru stuff,
where they show you like screenshots that are adultered,
or they never show you nothing.
But that's because I did the small stuff,
and people miss out on that.
And it's easy, it's accessible for everyone worldwide.
Beauty of entrepreneurship,
you could be a guy or girl or binary,
you could be tall, you could be short,
you could be fat, you could be skinny,
you could be anywhere in the world and get rich.
And the other crazy thing about all this freedom number and these basics is that you just need
one.
You just need one.
In every other sport in the world, you need many.
You need a few hits to be good in baseball.
You need 50% shots to be good at basketball.
I don't know how soccer works.
But in business, one hit that you find some people want restaurant lawn care
apartment rentals software businesses
Lawyers courses coaches you find one thing you stick with that. That's all you need to be successful. That's crazy
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So talk to us a little bit about the process that you teach in the book and
how simplified or structured it can be.
It is simple and there is a process and I've done it. I'm in time again and
I'll tell you I was afraid when I put this book together. Very few people helped build Facebook which you know Trillion Dollar Business not bad. Help them at the com 300 million dollar business
not bad that everyone knows. Then a bunch of other businesses, TidyCal.com, Million Dollar
Business, KingSummon.com, Million, CentFox.com, Million, Summon.com, Million. I've done it a lot.
I was like can I help people do this? Does it actually work?
What this book is, it's a self-help confidence
building book taught through business.
And business is the best way to learn about yourself
and everyone can be an entrepreneur.
Now, the reality is that there's so many business gurus
out there, there's so many business books.
There's literally a place called Harvard that teaches you.
And like, how come everyone out of Harvard
hasn't created great businesses?
So like, what's going on here if there's so much out there that it's not working?
And there's so many recipes.
Here's how to do your ads.
Here's how to make it offer.
But then why isn't everyone doing it and having success?
And what I discovered for myself and through tens of thousands of people, there's just
two areas that they need to work on.
That's a skill that anybody can get better at, just like a language.
You can be fluent in making money.
The book is basically broken down and started, build it and grow it. And so the two-first skills that have held people back
from getting to the starting line of the easy stuff, which
is the business, is starting and asking.
So book basically starts, how do I
help build their skill in a fun way, those areas,
which I've seen Pat do it.
Pat just quit his job.
He was customer support in Poland.
And Mackenzie actually got a $50,000 a year greeting card
business at marrymakerie.com because she asked a few of,000 a year greeting card business at marymakery.com
Because she asked you have her friends to buy greeting cards, which is bananas $50,000 first year now part two is around
How do I find ideas that I'm excited to work on that other people want to pay me money for and
Ideally are at least million dollar opportunities
And how do I pre-sell them in a very short amount of time 48 hours or less because people like you know, they're busy
You got shit going on.
And you want to change your life, and you're like, man, I want to change my life, but I
got a lot of things happening.
But isn't it crazy in 40 hours, you can change your life?
Come Monday, you can have a different job.
And so we do really focus on the build-it section is, all right, how do we now find
the idea, make sure it's a million-dollar opportunity, and pre-sell it?
And by the way, almost everything in our life is pre-sold to us.
I don't know if people realize that. So do it with a business. And if no one wants your business, great, think about it. You by the way, almost everything in our life is pre-sold to us. I don't know if people realize that.
So do it with the business.
And if no one wants your business, great.
Think about it.
Your Uber Eats.
How did you know it even existed?
You don't.
You don't know the restaurant that exists anymore.
Events, concerts, airplanes, hotels.
Really?
Yeah.
Tesla, a trillion dollar business or closer or half a billion.
They're pretty gigantic.
10 years from when they pre-sold to deliver to Model 3.
Six years on the Cybertruck.
Why not you? And if they don't want what you're pre-sold to deliver the Model 3. Six years on the Cybertruck. Why not you?
And if they don't want what you're pre-selling, great.
You didn't build a website.
You didn't buy a domain.
You didn't buy an expensive course.
You didn't start your Twitter account.
You didn't buy ads.
You didn't go to some magic mastery thing.
And you find out that they didn't want it.
Great.
What do they want?
How do we use this rejection or this thing that didn't work
and something that does work?
And that's why the most successful people
have the most failures.
Because they're starting and starting and starting and starting until they find that
thing that worked. And the last part, it's how do you scale it? So now that you found the thing
that works, how do you take it to, you know, AppSumo's 80 million, but that also started
because our first sale was $12, just like I'm teaching everybody else. Those are, I would say
the, you know, start it, build it and grow it sections. I can't believe it's 30 bucks to teach
all that. Like Harvard's 100,000 plus. All right, two things that you brought up
that I wanna get into that I think are super important.
My backgrounds in sales and sales leadership
and this is such a common question.
How do you ask?
People don't know how to ask, they're so afraid to ask.
And I know you just brought that up.
And then the product that I love is the rejection
and reframing rejection and actually setting rejection goals.
Please jump into those two topics. They're huge
Do you sell something Heather? I give a product you sell I'd be selling all the time always
And then how do you ask your customers to buy it from you?
Okay, so the first thing I do is I get them to empty their glass to me
I want to identify what their problems are their pain points
I want to know what it feels like to be in their shoes. And then I need to make sure that I have a proper service
that can solve that problem.
Once I have that connect, it's no longer selling,
it's just helping them.
I think there's a lot of beauty in what you said.
And so there's a few things, like it's the three Ws.
What problem are you solving that people wanna pay for?
Who is that person?
And then where are they?
That's it, that's business.
Now, in sales, here's the problem.
It's scary to ask. Maybe your That's business. Now, in sales, here's the problem. It's scary to ask.
Maybe your experience because you've been in sales, but the basis of all life is asking
when you realize it.
It's how you can get a husband.
It's how you get a raise.
It's how you get a customer.
It's how you get someone on your show.
It's how you change your life because if you can ask for it, you can get it.
But the problem though is that people think of asking as bad, but if I ask you like, hey,
what's a good restaurant, Isn't that maybe actually helping and so when I have found a product
Let's take a million dollar weekend or app sumo.com or even you know, let's take the greeting cards business
You start asking cuz you're like hey tell me about your problem. Oh you want this problem solved. It's my duty
I'm not selling. I'm not doing a it's my duty and here's a framework people can copy LOT
Which is just you listen to people and don't make it such a big scary thing.
And I'll give you a challenge that everyone could do. It's been life-changing and literally a guy just texting me about it.
I'll read his text. You listen to someone. You say, hey, can I get feedback on this idea?
I want to do house cleaning. You can post right now on your social media. You could post to a WhatsApp group.
Hey, anyone, I'm thinking about taking photos. Would anybody want me to take photos?
I'd love to take photos of people. You could do that right now.
That's an ask. And it's a skill that can be developed like any skill. I'm taking photos. Anybody want me to take photos? I'd love to take photos of people. You can do that right now.
That's an ask.
It's a skill that can be developed like any skill.
Of course, you're not going to be good in the beginning, but that's a skill you can
improve on.
You listen to someone's problems.
You give them an option based on if you can solve that problem, and then you transition
to a payment.
You transition to action.
If someone is not paying you, they don't want it.
You know this in sales.
So many things, like John Paul DeGiorgio, a billionaire, we did a video with him. It was millions of views. I met him on the street and I asked him to come
on the show. He said, sure. And then I called his assistant every week for 52 weeks, because most
people ask once, you have to ask twice. And then if you want it and you believe it's really good
for him. And I asked her 52 weeks afterwards, she finally said, yeah, you can come in the morning
tomorrow. I was like, holy shit. I asked her in person and I said, didn't I know you?
Wasn't I bothering you? She's like, no, I really admired your persistence. I admired that you wanted it.
Now, what everyone could do to get better at asking today is the coffee shop. Now, this is a
worldwide famous thing and everyone who does it and you just do it right now. Go today.
While you're listening to Heather, go walk outside, go to a coffee shop, ideally Starbucks,
and you asked for 10% off And I want you to get rejected.
So you can stand there awkwardly.
If you need it, if they say why, say,
hey, I'm doing the million dollar weekend challenge
for no okay, and he said, I'm supposed to ask.
They're gonna reject you.
After they reject you, you get your orange mocha frappuccino,
and you move forward.
That's how you do it.
And so what happens though, is when you realize
is that we create fears that are much bigger
in our head than they are in reality.
And we realize when we face a little discomfort,
or we face some of the things that are harder in life,
there's actually a lot more reward on the other side.
And that has been a life-changing breakthrough for people.
And it's such a silly thing.
No, I know, but just tell me how to like buy crypto and get rich,
or tell me how to like do some offers and get rich.
And like, I'll build a webpage and put it out there.
Like, that's going to take you time and money and prayers.
So I'll see you at the synagogue, or I'll see see at the mosque or the church. I'm teaching you exactly how
to get rich in a weekend. And it's available for everyone worldwide. You don't need more
money. There's a guy literally, I asked him to do it. He's been doing sales for many,
many, many years. He sent me this text. I said, you committed to doing it. And this was interesting.
He said, I felt really guilty and embarrassed. And I'm shaking. I'm still shaking, but I'm
proud of myself.
It's beautiful, right? How cool is that?
This guy, I won't say his name,
because I don't know if he wants to share who he is.
He said, because I did that,
I actually sent out an offer to my audience
without hedging, without embarrassment.
I said, hey, this is what I think is actually good for them,
and I was okay with it.
That's the same thing you do in a business.
You find something people are excited about for me,
it's software deals.
We go to a partner that creates software and say,
hey, can we promote your software?
Can I promote it for you?
And you do a deal with us.
And I have to ask a customer, hey,
I got a great deal on software, are you interested in buying it?
And if you do it and then when you get rejected,
those rejections are cool.
Every rejection is a learning opportunity.
Like best way you can improve anything in life is feedback.
Either with data or qualitatively,
meaning that people tell you.
The more that we can practice it on kind of a silly thing like coffee,
the more you start doing it on things
that might actually change your life dramatically.
By the way, this will change your life confident.
Like you'll feel a lot more confident about doing this.
And then when you do that, you're like, damn, what's next?
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You know what's so funny that you bring up the Starbucks example and I don't know if
you've noticed this through the drive thru recently, but now they have the opportunity for a guest to add on $1, $2, or $3 for a tip.
When they first started doing it, when you pay by Apple Pay, they would say,
you don't need to do this screen that I'm going to show you right now.
You can just X out of it.
And now I've noticed a couple months later, they're like, and then here's
the opportunity to tip me the level of confidence and presentation.
And of course I'm not going to say no, but when they were giving me the out,
I'm sure sometimes I just said, Oh, X out of this one.
Okay, great. No problem.
But now that they reframe the way that they're handing me the actual
card reader, suddenly I'm tipping everybody at Starbucks.
I think the big thing there is not necessarily about this discount per se.
It's just about feeling comfortable asking, realizing rejection is not so scary as we made it feel.
And the way I've lived a lot of my life is noticing where there's discomfort and leaning
into it and wondering why, what's this fear holding me back from?
From who I can become really?
I was thinking about disappointments and if you think about like getting fired or any
of these moments that disappointed us, it really is a great teaching moment.
So I would try to get more disappointments.
That means you're trying more things that weren't going to already work out. I wouldn't keep them, but I would
collect them. And those are things where you try and try. And the most successful people,
the richest people on the planet have tried more things than you and me. There's a few
other nuances, but they've also tried more than most people. Most people try one thing
and give up. And that's okay, but you can keep going. You can do it. And practicing it
on small things makes it so you can do it on, you know,
the little bit more meaty things.
Now in terms of fear and rejection,
and anybody who fakes it and like, they're not afraid,
I feel insecure.
Everyone feels insecure.
And everyone's still using the toilet.
I have a very nice toilet though, very expensive toilet,
which is, I would recommend for everyone.
It's a $6,000 total.
You can afford it, get it.
By the way, everyone can get rich.
There's no exclusive club.
And if you get rich, at least you can choose it.
Do you want to be rich or you want to go back to small rich?
But at least get it and then you make that decision.
I'm still getting rejected all the time.
Someone said, man, Noah, everything you're doing is working.
Million View videos.
This book, I think it's going to affect a lot of people's lives.
Absolute company.
Do you know how many times I'm still getting rejected
or things I've done still that you have no idea?
Right?
I've had literally someone quit on Monday, another person quit the other Monday,
person who promised me they're going to have me on their show for the book,
rejected it.
This book, when I initially pitched it to my agent, rejected it.
I've launched shorty SMS, sleek bio, all drop sumo market, meet fam, reward level,
software taco, masturbationsock.com, free calls to dot com.
I've swung a lot.
And so finding that thing and being okay
that the rejection's maybe not as bad as we thought,
and it's an experiment.
Think of yourself as a scientist.
I find that that's been a transformative moment for people.
And everyone has done things where they did the first time
and then they're like, I'm gonna try it again.
And it's like, sometimes better.
And sometimes easier and easier and easier.
And that's the same thing happens in business.
That's so much easier.
All right, I wanna get into one of your superpowers,
which is marketing.
What are the five questions that you use repeatedly
to create a marketing plan?
Here's the secret to marketing.
And I will tell you, you've used a product I've worked on.
Every single person here has used a product in multiple,
right?
Like suma.com.
Everyone's been on a site that I powered,
our software powered on me personally,
but our software powered, you've been on a site that we built. Now, what most people
miss is they're like, no, I have a marketing problem. And I say, you don't have a marketing
problem, my friend. You have a business problem. No one wants what you're doing. I can't market
it. And so what you have to understand in the beginning of your business is, is this
something people actually want? You know that Paul Grand thing, what's it called make things
people want? Have you heard that quote? Yes. Everyone's heard it, right?
I don't think you should make shit.
I think you should find something people actually want and then you make it.
I think he's a little backwards.
Now, marketing is easy when you have a great product.
I just found great products that I liked and I found problems that I was excited to solve
for myself and others.
So, if you found something people are excited, how do you know they're excited?
Because you've gotten three paying customers in a weekend. That's the benchmark and if you're begging for a customer
Then you don't have it if you're convincing someone for it
You don't have it if they're excited to give you the dollars then you have it now a few things in marketing
I'll give it like a very simplified thing. So let's take your business
Do you have a sales goal for this year? Of course
What's your goal for the year? Depends on what segment of the book that you're talking about. But my goal for my books for this year,
I want to sell a million copies of my books.
Let's do that.
Holy shit balls, that's a lot of books.
Okay, fine.
No, no, it's good.
Dream big, dream big.
I love this.
How many books you saw last year?
100,000 maybe?
Did you really?
Almost six figures.
I have two, I have two now.
But it's been since 2018.
Yeah, no respect though.
Hell yeah, go you.
So one, for people out there, selling a million copies of the book is literally impossible.
No, it's not that much.
I know, I know.
I'm just trying to say like, when I came out with my book, when I was starting to write
it four years ago, I called up Tim and I was like, yo, he's like, no one sells a million.
Like very few.
So I just want to give you new props. Like 100000 is in the point zero, zero, like 1%
of book sales.
That's amazing.
Let me give a tip to everyone here. Some of my closest friends have sold millions, not
one of them. I have like five friends that have sold millions. When you surround yourself
with people who already are at the level of success you want, I'm like, why them and not
me? Come on. Like I'm just as cool as they are. Let's go.
I think that's a great point in that most of the time when you meet these other people,
yes, maybe they're more experienced, but they're not always better. And I think that's a really
powerful thing to realize for ourselves that you meet someone and you're like, I'm actually
just as good at them. They're like, hell, yeah, you are. So I'm not trying to discourage
people with books. I'm just saying it's hard to sell a million. I think 100,000, so damn
impressive. That's amazing. Now, the way I like to approach marketing,
so you did 100,000 last year, the way I've approached marketing and stuff has changed
in the past decade. I've set very unambitious goals for very long periods of time. So instead
of going 100,000 to a million, that's a 10x improvement. I would try to do 10,000. And I know
people are like, what do you mean, dude? Come on, let's go hard. That's how you will go hard. Because you did 100,000 in a year or
collectively over the past few years? Collectively. Collectively. So last year, how many did you do?
Both are like 10,000, 50,000. Probably 30 something thousand, not a huge number.
All right. So I'm showing you my marketing strategy by asking questions. I'll break these
down for you. So one, and I don't mean this to me, and I love you already, we're like homies, we're like,
you're gonna be with my kids, but Mitzvah, it's gonna be great. You need to have one singular goal
that you're very clear on, and it doesn't sound like maybe you have that, which by the way,
there's many ways of working businesses, but this is what's worked for Zuckerberg,
it's what's worked for me over and over and over and over again. So what I would do is same thing
I've done at AppSumo or this book or my YouTube channel
and all other businesses that have worked with me.
One singular goal that's not a high 10x goal for the year because the fact is you don't
have a number from last year, which kind of tells me you're not paying attention to it
as much as you can if it's important to you.
And I don't mean that as an insult.
I'm just, that's the way I like to run the businesses.
So what I would do is say, last year we did 30,000.
I want to do 10%.
So now this year, we're going to sell 33,000.
OK, so the number one thing you can do
is how did I sell 30,000 last year?
Is there any way more, which there always is,
that I could increase what I've done last year
to get just this year?
Because what most people do wrong
is they try to do new things.
Oh, I saw on Twitter, there's a funnel.
I got to add a funnel.
No, don't do the funnel.
Spend all your time maximizing what's working.
That's it.
And then test, because you're not rushing to 10X it,
crazy experiments.
You can have time for that,
because you're not so sweating trying to 10X your business.
And that's what led for us
to have 10X growth opportunities in AppSumo.
And I can share examples of that.
But again, coming back full steam,
make some people want, have a clear number,
have a timeline, a non-adicious one,
and really revisit a lot of what's working.
It's like, so Facebook ads do not work for AppSumo,
but our affiliate program crushes.
So I think all in, there's like 10 people
on our affiliate program.
It's about a million dollars a month that it generates.
But that works.
So it's like more affiliate, more data on the affiliate,
and advisor for the affiliate, recruiting for the affiliate.
Let's keep investing.
And yes, we're experimenting with some new things, but everything is about the things
that work, and I think most people are trying to do too much
and not enough of what's worked now
or what's worked in the past.
Crypto is like the financial system, but different.
It doesn't care where you come from, what you look like,
your credit score, or your outrageous food delivery habits.
Crypto is finance for everyone, everywhere, all the time.
Kraken, see what crypto can be.
Not investment advice.
Crypto trading involves risk of loss.
Kraken's registration details at kraken.com
slash legal slash CA dash PRU dash disclaimer.
I think it's interesting, and I'll give an example
with my podcast how I hit a tipping point of my podcast, how I hit a tipping
point with my podcast and it wasn't from many goals, right?
And this is just, I do believe, yes, everything you just explained makes very logical sense.
And I think it's very smart for people to do, to get in the grind week after week and
have reasonable goals.
But I also believe in swinging for the fences on everything.
And I don't just do it on my books, right?
So I have a speaking business.
I have my podcast business. I have my podcast business.
I have consulting business.
I have a lot of different businesses.
Nice.
So when I launched my podcast, I said,
I want a million downloads, right?
And I wanted my first month.
I understand that's very unrealistic for many people.
Did I hit it?
No.
But I had a major, like $100,000 my first month.
And the way I did that was I said,
who's the biggest guest at the time?
It was Gary V. I'm like, if I get Gary V,
and I get him to post about it and share it,
I'll hit my goal.
And I did.
But it was through, to your point earlier Noah,
the repetition of not.
I was told no so many times by his team.
And I took a Google Alerts on him.
And I found a partner.
And I went back door.
And I went all the relentless ways and was told no time and time and time again
until I got a yes. And then once I got a yes, I asked again, hey, would you mind anyone on the team
sharing this on social? And they're like, yeah, no problem, Heather. And then that one turned into
the next opportunity. And that one big thing changed everything for the show. So I think it's
important to do both put the work and grind it out, but also swing for the show. So I think it's important to do both,
put the work and grind it out,
but also swing for the fences on the other side too,
because you connect one of those big opportunities,
it changes everything.
I think swinging for the fence is great.
And I think what you did, which I like is,
okay, well, if I had to double my goal,
like what would I do differently?
And then just keep your goal where it is,
but at least thinking more leverage or more strategically,
where there's better returns, meaning, holy crap, if I get one guess, but what I notice is when I'm trying to go
really, really big, if I do that, I generally tend to burn out. I think that's pretty common.
Like if you're sprinting very fast for a long time, you get tired. That's the same in business.
And I've seen the billionaires I've all been around and worked for and worked with and interviewed,
their success comes over 20 years. They get rich, you know, in between that, but a lot of the success is compounding
that each year is bigger and bigger and bigger and bigger and bigger.
There's definitely different ways to do it.
For my own podcast, I had an ambitious goal of 100,000 downloads in a month.
And I got to about 30,000 downloads in episode.
And I think it was 30 or 40 episodes, but it wasn't 100,000.
And so I quit. Everyone has these kind of stories.
I know, that's like a big, that's a pretty sizable part.
Well, I think what my lesson, and I've done that a few times
where I'm like, I got to 10x my email list.
I got to 10x these things.
I think it's great.
One of my favorite questions in the marketing plan is
if you had to double your business in 30 days
without more money, what would you do?
And then you can use that to impact the strategy
that you're going to be executing on.
But I've noticed when we set hyper ambitious goals, it, it does create a sense of, okay, I'm always
rushing, I'm always striving to this big-ass thing, but it's not sustainable. But do it for a
little bit. Like my book launch, yes. January, I'm swinging my ass off on all things, but the rest
of the year, I'm going to come back to still in steady. That's such a great point. And a book launch
is such a great example of that, where for a finite window window you go all in, but only for as long as you absolutely have to and then give yourself
a break because for sure book launch for me is like the most intense window and I have
such empathy for you right now.
I'm so here to support that effort because it's something to marvel at.
Thank you.
I'll tell you two things I think are really important lessons for people out there wherever
they are in their business journey is that there's business momentum for all
business, right?
And I will say a lot of times in the beginning, it takes time.
I don't have a good brand for it, but it's called compounded business.
We're like, in the beginning, you're like, all right, people want it, and then I do it
again, and you notice this.
It's like, as it's going, you're like, holy crap, this is easier and bigger.
I don't necessarily think it's big swings, but it's big force so that you can have it somewhat of a flywheel as the business progresses. Now, the other thing
that's fascinating, I'll tell you, my singular goal with Million Dollar Weekend is 1,000
reviews. I have a pretty sizable audience. I've been doing this for 20 years. I think
I've provided a lot of help for people, and that's my one goal. And you know how I'm
doing my marketing? I DM'd people. I Said, hey, I've got a book.
If you're interested in starting a business,
I think I can help you.
Please pre-order the book.
I'm gonna have a Slack group.
We'll have all these things.
I'll do free workshops.
And I'll just need you to write an honest review
when the book comes out.
And I messaged 1,000 people
and I put them on a Google spreadsheet for free.
And then when the book comes out,
I'm gonna text these people, myself,
nookagan instead of virtual system,
that AI bought called Noah Kagan.
And that's it.
And so that guarantees without surprise, there's nothing complicated there.
And people want it to be complicated because then they can avoid the hard part, which is
helping people.
And that's actually what ends up being the most rewarding part.
And then because I know I'm going to already have that goal then, it's like, okay, what's
maybe a sales goal that I can now target to work backwards.
So it's 25,000 sales seven days from a sales goal that I can now target to work backwards.
So it's 25,000 sales seven days from when the book comes out on January 30th.
You're going to achieve these goals.
Well, yeah, I worked backwards.
People are seeing what million dollar weekends out there.
Like I'm seeing it a lot.
It's exactly the same way I teach people how to run business, exactly the same way I run
AppSumo.
And 2011, I put out an article free about how I start businesses called how I start
million dollar weekend businesses. And that went viral. called how I start a million dollar weekend businesses.
And that went viral.
And then I created a course about that business.
And then that course told 10,000 copies.
And I tweet about it.
And then I did a launch team.
And I was like, wow, people love this stuff.
So I feel very confident.
And I've seen that it's something people actually really want.
So now the marketing part is fun.
And I worked backwards from that target.
So I ended up breaking it in until I found five strategies for me to get that target number.
You literally just walked through Amy Moore's success story of writing a viral article that
got 50 million views. She got a book deal out of it, wrote her book. Her book didn't get instantaneous
success, came out with a TED Talk. And now here we are seven years later. She sold 100 international sales,
one of the biggest authors in the world,
and her TED Talk has 50 million views.
From these many validations that she had along the way.
And she took that theme from that first blog post
and took it to every single thing.
And it exploded over seven years time.
So I think you've got the recipe for success.
I love that.
Go and get the book.
Go get the book.
I mean, there's the Law of 100, which I think everyone who's doing for success. I love that. Go and get the book. Go get the book.
I mean, there's the Law of 100, which I think everyone's doing content, do 100 posts and
then quit.
I love it.
If we finish with this, it's like glorify sticking with it.
Glorify sustainability.
Glorify longevity.
Someone like yourself.
You're the one who sort of found it.
People wanted it and you just keep sticking with it.
People wanted it.
Same with Hal Elrod.
You know, Miracle Morning?
3 million copies.
He sold his first year, maybe a thousand,
and people wanted it. And he knew it worked. And then the next year was 10,000. And then it was
100,000. And now, I think seven years later, three million copies. Like that's very impressive.
I want to glorify people for getting started, realizing they can do it, and then sticking
with it for some period of time. I love it. And your proof that it works for sure. How can
everyone find you? How can they follow you and where do they get the book?
Go to MillionDollarWeekend.com.
You can get the book there.
Wherever books are sold, pretty much Amazon.com.
And I'm Noah Kagan everywhere.
So many DMs.
I wanna see people reading the book,
taking action for themselves
and finding out who they can become.
So DM me anywhere or post online at Noah Kagan.
I'd love to see you with the book.
All right, let's help Noah reach this goal, guys.
Get the book.
Follow Noah. Send him a this goal guys get the book follow Noah sent him a DM
of you reading the book.
Until next week guys keep creating confidence.
You know I will be here start learning and growing. Inevitably something will happen. No one succeeds alone.
You don't stop and look around once in a while. You would miss it. I'm on this journey with me.
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