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ratings:
Length:
11 minutes
Released:
Sep 6, 2023
Format:
Podcast episode

Description

In this episode of Startup Gems, we share a remarkable startup success story. Two entrepreneurs transformed a viral internet meme, the nut button, into a thriving business, generating over a hundred grand in revenue in just a year.They initially invested twelve hundred and fifty dollars each to order a thousand nut buttons from Alibaba. Their simple, high-conversion website and paid social media ads didn't yield immediate results. However, a viral video on Twitter, featuring a dog playing with the nut button, catapulted their sales.To handle logistics, they automated fulfillment through Amazon, expanded into European markets, and experimented with pricing. Their business continued to grow, and they even sent holiday bonuses to the Chinese factory workers who produced their nut buttons.This startup's journey is a testament to creativity, perseverance, and seizing unconventional opportunities, inspiring aspiring entrepreneurs to act on their ideas, regardless of initial doubts.
Released:
Sep 6, 2023
Format:
Podcast episode

Titles in the series (100)

What if there were a Dave Ramsey for entrepreneurs? Or wantrepreneurs? Now there is. 100% live, impromptu, improv and unscripted.Business owners have a massive problem: they need help. They live in a vacuum and can't afford a coach or consulting. That's where I come in. I've built over 20 companies and run 6 right now, with revenues in the 10s of millions. I've been starting and running companies since age 9 - literally! I passed the 10,000 hour rule a decade ago.Every Friday at 12pm CST I host a live call in show on Twitter for business owners. Call in and ask any business question you want, such as:1. How should I grow my pressuring washing business?2. When should I fire my employee?3. Should I quit my job for this business idea?4. How would you grow my business idea?Or, people can just call in and brag about their profit margins in their niche business that no one has ever heard of.To listen or call in live, follow me on Twitter here: https://twitter.com/mhp_guy or @mhp_guy and look for a tweet at noon CST every Friday.Either way, it makes for great content.This will be a 10 week experiment, ending on on April 26th, 2024. By that date, if this podcast is:1. Growing fast by that date2. Getting awesome feedback3. Giving me energyThen I'll keep doing it. If not, I won't.Podcasts are hard. Putting an end date on it makes it more manageable for me. If you love it and want it to continue on past April 26th, share it with your friends to make it grow!See you on Friday. :)