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ratings:
Length:
7 minutes
Released:
Nov 7, 2023
Format:
Podcast episode

Description

Today, we've got a special story to share with you, one that showcases the principles that paved the way for a small software engineer to create a thriving game business.—In this episode, we'll delve into the tale of Laszlo, a 31-year-old software engineer from Budapest, Hungary, who turned a simple idea into a game generating a monthly revenue of 4 grand. We'll break down the three key principles that underpin Laszlo's success: focusing on a quality product, leveraging virality and user engagement, and keeping expenses minimal while diversifying revenue sources.Introduction:Welcome to the podcast, exploring the journeys of entrepreneurs.Preview of Laszlo's story and the principles behind his success.Principle 1: Focus on Creating a Quality Product:Laszlo's dedication to developing an engaging movie-themed guessing game.Importance of delivering exceptional value to customers.Tips for business owners: Listen to customer feedback, iterate, and continuously improve offerings.Principle 2: Leverage Virality and User Engagement:How Laszlo's game achieved unexpected virality through social media and major news sites.Strategies for creating buzz around your business online.Encouraging user-generated content and genuine customer experiences.Principle 3: Keep Expenses Minimal and Revenue Diversified:Laszlo's approach to managing expenses and exploring diverse revenue streams.Importance of regularly reviewing business expenses and identifying cost-saving opportunities.Tips for revenue diversification: Premium services, affiliate marketing, and subscription models.Conclusion:Recap of the three principles: Quality product, virality, and revenue management.Encouragement for listeners to apply these principles in their own ventures.Preview of upcoming episodes and entrepreneurs' stories.
Released:
Nov 7, 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. :)