31 Quick Wins for Growing a Million Dollar Startup

MicroConf
23 Feb 202352:47

Summary

TLDRThe speaker shares a wealth of practical tips for business growth, marketing, product development, and operational efficiency. From automating demo requests to monitoring sending IPs and domains, the advice covers a range of topics aimed at improving business processes and customer engagement. The talk also emphasizes the importance of tracking knowledge base searches, enabling SPF and DKIM for email deliverability, and implementing rate limits for APIs. The speaker's personal productivity hacks and the significance of fostering team culture through traditions add a unique perspective to the discussion.

Takeaways

  • ๐Ÿ“ˆ Implement automated demo qualification to route requests efficiently and save time on unqualified leads.
  • ๐Ÿ” Monitor sending IPs and domains to avoid email blacklisting and maintain good deliverability rates.
  • ๐Ÿ“… Encourage annual upgrades at the right time by tracking churn and identifying the optimal moment for pitch.
  • ๐Ÿ“ Help B2B writers by using services like Help a B2B Writer to increase the chances of getting valuable links.
  • ๐ŸŒ Consider Google Analytics alternatives like Fathom or Heap.io to future-proof your data tracking.
  • ๐Ÿ“… Keep a marketing change log to track and understand the impact of marketing changes on your metrics.
  • ๐Ÿš€ Redirect domain.com/meeting to your scheduling link for streamlined calendar invites.
  • ๐Ÿ“Š Segment churn by price point to understand the lifetime value and behavior of different customer tiers.
  • ๐Ÿ“Œ Consider dropping your lowest plan if it has high churn and doesn't contribute positively to your business.
  • ๐Ÿ’ฌ Ask for testimonials or reviews after a successful support ticket to leverage positive customer experiences.
  • ๐Ÿ”’ Enable S3 versioning on AWS to protect against accidental data loss at a minimal cost.

Q & A

  • What is the main theme of the talk?

    -The main theme of the talk is about providing practical tips and strategies for business growth, marketing, productivity, and internal operations.

  • How many categories of tips are discussed in the talk?

    -There are four categories of tips discussed: growth or marketing, product, productivity, and operations internal.

  • What is the significance of the speaker's family photos during the talk?

    -The family photos serve to emphasize the importance of personal relationships and family in the context of entrepreneurship, aligning with the speaker's values and motivations.

  • What is the first growth tip discussed in the talk?

    -The first growth tip is to automatically qualify and route demo requests based on the potential customer's qualification criteria, such as subscriber count or payment capacity.

  • Why is it important to monitor sending IPs and domains in email marketing?

    -Monitoring sending IPs and domains is crucial to avoid being blacklisted, which can significantly reduce email deliverability and open rates, negatively impacting marketing efforts.

  • What is the recommended approach for encouraging annual upgrades in a SaaS business?

    -The recommended approach is to track churn and pitch annual upgrades when the churn rate starts to flatten out, typically around the 60-90 day window, as this is when customers are less likely to cancel.

  • How does the speaker suggest using a Google Analytics alternative?

    -The speaker suggests considering a Google Analytics alternative due to potential future legal issues, especially related to GDPR compliance, and recommends setting up a backup platform to maintain tracking history.

  • What is the purpose of maintaining a marketing change log?

    -A marketing change log helps track all marketing activities, changes, and their impacts, allowing the team to understand the reasons behind changes in metrics and make informed decisions.

  • Why is it beneficial to segment churn by price point?

    -Segmenting churn by price point provides insights into the lifetime value (LTV) of different customer segments, helping the business understand which customers are most valuable and where to allocate resources effectively.

  • What is the speaker's advice on dropping the lowest pricing plan?

    -The speaker advises considering dropping the lowest pricing plan if it has a high churn rate and if there's little to no upgrading happening from that plan. However, this decision should be made with the understanding of the plan's role in the market and customer acquisition.

Outlines

00:00

๐Ÿ“ˆ Growth and Marketing Strategies

The speaker discusses categorizing business aspects into growth, productivity, and operations. They share their experience with qualifying and routing demo requests automatically to manage inbound inquiries effectively. The speaker emphasizes the importance of tracking sending IPs and domains to avoid email blacklists, which can negatively impact deliverability and open rates. They also suggest monitoring the right time to encourage annual upgrades based on churn tracking and share tips on helping B2B writers and finding alternatives to Google Analytics.

05:01

๐Ÿ” Monitoring and Upgrading

The speaker highlights the importance of using tools like MX Toolbox to monitor sending IPs and domains to prevent being blacklisted. They discuss the impact of blacklisting on email deliverability and open rates. The speaker also shares a strategy for encouraging annual upgrades by tracking churn rates and identifying the optimal time to pitch upgrades to customers. They mention the benefits of using services like Help a B2B Writer for content marketing and link building.

10:03

๐Ÿ”ง Alternatives and Redirects

The speaker talks about considering alternatives to Google Analytics due to potential GDPR compliance issues. They mention platforms like Fathom and Heap.io as viable options. The speaker also shares a tip on redirecting domain.com/meeting to a scheduling link, which can streamline the process for booking meetings. They emphasize the importance of keeping a marketing change log to track marketing activities and their impacts on the business.

15:05

๐Ÿ“Š Churn Analysis and Alerts

The speaker delves into the importance of understanding churn rates and segmenting them by price points to identify the best customers. They discuss the impact of churn on lifetime value (LTV) and suggest considering dropping the lowest plan if it has a high churn rate and doesn't lead to upgrades. The speaker also talks about using Google Alerts and other tools like F5 Bot and Lobsters to monitor mentions of their brand and products across the web.

20:05

๐Ÿ“ Productivity and Support

The speaker shares personal productivity hacks, including using text expanders for common phrases and managing email labels for lower priority tasks. They discuss the benefits of upgrading to the Audible annual plan for avid listeners. The speaker also talks about using asynchronous voice communication for meetings and the importance of watching online videos at higher speeds to save time. They mention using tools like Loom, Voxer, and the Video Speed Controller plugin for Chrome.

25:06

๐Ÿค Team Culture and Traditions

The speaker emphasizes the importance of team culture and traditions in building a strong company. They share personal experiences from their time at Drip and Tiny Seed, highlighting how traditions like trolling each other and celebrating launches with Fire Cider shots have created a sense of belonging and camaraderie among the team. The speaker suggests that these traditions can have deep meaning and contribute to the overall culture of the company.

Mindmap

Keywords

๐Ÿ’กGrowth

In the context of the video, growth refers to the strategies and tactics used to increase a business's market presence, customer base, and revenue. It is one of the main categories discussed, with the speaker providing various tips and tricks to enhance business growth, such as automating demo requests and monitoring sending IPs for email deliverability.

๐Ÿ’กMarketing

Marketing is the process of promoting and selling products or services, including market research and advertising. The video emphasizes the importance of marketing in business growth, with the speaker sharing insights on how to improve marketing efforts, such as tracking knowledge-based searches and using tools like Google Alerts for competitive monitoring.

๐Ÿ’กProductivity

Productivity in the video script is associated with the efficiency and effectiveness of work processes. The speaker discusses various tools and practices that can boost productivity, such as using text expanders for repetitive tasks and implementing email processing hacks to manage lower priority tasks.

๐Ÿ’กOperations

Operations refer to the ongoing activities involved in running a business, such as managing resources, overseeing production, and ensuring the smooth functioning of internal processes. The speaker provides tips on optimizing operations, including the use of team password management and reviewing credit card transactions regularly.

๐Ÿ’กInternal

Internal in this context pertains to the internal workings of a company, including its culture, team dynamics, and internal communication. The speaker highlights the importance of fostering a strong internal environment, as seen in the discussion about company traditions and the use of Slack for integrating various support channels.

๐Ÿ’กDemo Requests

Demo requests are inquiries from potential customers wanting to see a demonstration of a product or service. The video script discusses the importance of automating the qualification and routing of these requests to ensure that only qualified leads receive demos, thus improving sales efficiency.

๐Ÿ’กEmail Deliverability

Email deliverability is the measure of how many emails sent by a sender are actually delivered to the recipient's inbox. The speaker emphasizes the need to monitor sending IPs and domains to avoid being blacklisted, which can significantly reduce open rates and customer engagement.

๐Ÿ’กKnowledge Base Searches

Knowledge base searches refer to the queries made by users looking for information within a company's online knowledge base or support documentation. The video script suggests tracking these searches, especially those that return no results, to identify gaps in the knowledge base and improve user support.

๐Ÿ’กAPI Rate Limiting

API rate limiting is a technique used to control the number of requests that can be sent to an API within a certain timeframe. The speaker recommends implementing rate limits to prevent accidental DDoS attacks and ensure the stability of the API, protecting the business from potential service disruptions.

๐Ÿ’กCompany Traditions

Company traditions are practices or events that are regularly repeated and hold cultural significance within an organization. The video script discusses the importance of establishing and maintaining traditions to foster a sense of belonging and team spirit, as exemplified by the use of 'fire cider' shots to celebrate product launches.

Highlights

The speaker shares 31 actionable tips to improve business operations, marketing, productivity, and internal processes.

For growth and marketing, the speaker suggests automating the qualification and routing of demo requests to save time and resources.

Monitoring sending IPs and domains is crucial to avoid email blacklisting, which can significantly impact deliverability and open rates.

Encouraging annual upgrades at the right time can lead to better customer retention and revenue stability.

The speaker recommends using tools like MX Toolbox to monitor the health of your sending IPs and domains.

Help a B2B writer service can be an effective alternative to Harrow for content marketing and link building.

Considering a Google Analytics alternative, such as Fathom, can provide redundancy and potentially avoid GDPR compliance issues.

Redirecting a generic domain (e.g., yourdomain.com/meeting) to a scheduling link can streamline the process for booking meetings.

Maintaining a marketing change log can help track the impact of marketing changes and identify issues more effectively.

Google Alerts can be enhanced with tools like F5 bot for faster notifications about mentions in popular forums like Reddit and Hacker News.

Segmenting churn by price point can provide insights into customer lifetime value and inform pricing strategies.

The speaker suggests considering dropping the lowest plan if it has high churn and low upgrade rates, as it may not be contributing positively to the business.

After providing excellent support, ask for testimonials or reviews to leverage positive customer experiences.

The speaker emphasizes the importance of understanding and improving the customer experience, especially in the context of churn and support interactions.

Using tools like Clarity for heat mapping and session recording can provide valuable insights into user behavior without violating GDPR or CCPA.

Enabling S3 versioning on AWS can serve as a low-cost insurance policy against accidental data loss.

Tracking knowledge base searches with no results can help identify gaps in content and improve the user experience.

Enabling SPF and DKIM for email can improve deliverability and reduce the chances of emails being marked as spam.

Rate limiting APIs can prevent accidental DDOS attacks and ensure the stability of your services.

Asking customers why they are canceling can provide valuable feedback for improving the product or service.

The speaker shares personal productivity hacks, such as using text expanders and managing email labels for lower priority tasks.

Upgrading to an Audible annual plan can save money, which can be reinvested into the business.

Using asynchronous voice communication tools like Voxer can reduce the need for meetings and long emails, improving efficiency.

Watching online videos at increased speed can save time and improve productivity, especially for content consumption.

The speaker emphasizes the importance of team culture and traditions, such as celebrating launches with a non-alcoholic 'fire cider' shot.

Transcripts

play00:00

I broke them up into

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categories as I'm apt to do so we're

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going to start with growth kind of

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growth or marketing uh we have seven in

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product five in productivity

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um which are kind of the fun ones and

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then eight in operations internal

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opposite of business what's funny I've

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never done a talk like this and I was

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joking with Xander this is my listicle

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talk right because it's like 31 things

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to change your business I had an idea

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for this

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um a couple years ago probably five or

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six years ago I sketched some things out

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and I came up with like 15 or 20 like

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things you could throw out and I was

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going to do it almost as like an

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attendee talk at some at microconf

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before I get started as I always do I

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enjoy I'm really glad that I am not the

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first speaker to bring on some pictures

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of my why of my family because every

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time a microcomp

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I do it and these are the peeps right

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this is Finn and Fisher many of you have

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seen since this guy would carry in into

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a microcomp like you know on a BabyBjorn

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or whatever the dog is the new addition

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but I appreciated

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um you know the from dawn earlier today

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because this is always

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I like to level set this like if you've

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heard me on startups for the rest of us

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I refer to Freedom purpose and

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relationships and the relationship part

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this is where it starts for me right and

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this is why I've done entrepreneurship

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this is why I've done what I've done so

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I just want to remind folks to be

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thinking about that for yourself and not

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sacrifice it

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okay so let's dive in so growth

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and I was going to say how many are in

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here but I don't remember 11 15. anyways

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we'll get in it so the first one

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is to qualify and Route demos

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automatically qualifying route demo

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requests automatically so here's a home

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page and this is a Tiny Seed company

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that does re-commerce and they added the

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book a demo buttons right as a lot of us

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do the moment you add book a demo you

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start getting a bunch of demo requests

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hopefully the moment you get a bunch of

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demo requests you find out a bunch of

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those demo requests are people that

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really aren't qualified and the people

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that maybe are only going to pay you 20

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a month or 30 a month so we ran into

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this at drip specifically

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we were we had so much inbound which is

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a good problem to have but it's still a

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problem when you're getting seven demos

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booked per day and you're the only

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person doing it so what we did was uh

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put a little snippet of JavaScript and

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this is the form they have today I'll be

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honest ours was much simpler I think

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ours was first name and email and

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subscriber count basically we have a

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value metric right it's more subscribers

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more money so you got to figure out what

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is your single maybe two qualifying

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questions if it seats how many seats are

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you going to use if it's contacts how

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many contacts do you have if it's

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subscribers how many do you have

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um and that's what you're really trying

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to do and there's a competitor of ours

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that has done a similar thing this is

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not an uncommon thing to do okay but the

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the cool part and the thing that we had

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never seen done when we implemented this

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is that

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then we decided so our base plan was 50

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bucks a month and in the early days we

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wanted to demo everybody because we were

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learning it was customer development by

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the time you hit 10 20 30k

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only we're demoing to 99 a month and up

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right so with a quick snippet of

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JavaScript we were able to say

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are they qualified our current

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definition of qualified is they'll pay

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us at least 49 or 99 a month but we can

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just change that with line of JavaScript

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at any time if they're qualified we

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would say great we'd send them straight

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to R then it was calendly and now it's a

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Savvy Cal link but we send them straight

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to our booking link right

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and if they were not qualified we sent

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them straight to a video demo of me they

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still got a demo and it started with hey

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everyone balling I'm the founder of drip

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co-founder of drip sorry Derek I'm the

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co-founder drip and um this is my quick

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you know as a quick demo I'm gonna walk

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through some features it was like 10 or

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12 minutes so they still got a demo I

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didn't like oh you free trial like they

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didn't think that they got you know

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short shrifted so to speak

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um and then over time you know you hit

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50k a month and it's like well we're

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only going to talk to 199 a month and up

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and then we hit and then we hired a new

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sales person it's like well we have a

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bunch of bandwidths so we'd back it off

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to 99 right and then it was like before

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long it was three four five hundred

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dollars a month in order to to do a demo

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so this is a nice thing to implement

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definitely can do it in under an hour

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and uh I hope that one's helpful

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number two monitor your sending IPS and

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domains

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I ran an ESP and so many things go wrong

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with email sending

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um so many that I vowed to never start a

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startup that ever sent email ever again

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and I joked that my password resets

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would from here on beat Via SMS because

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I so hated email but the the trouble is

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blacklists happen for reasons that may

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or may not be your fault but the problem

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is is even if you use third party let's

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say you're using mail gun mandrel

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postmark send grid any of these you know

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API layers that you can send emails some

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of those we found didn't monitor their

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own IPS so we would be sending through

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them we had dedicated IPS and it would

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ping this is MX toolbox is a tool we

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used MX toolbox would ping us and say

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you're on Blacklist and we'd go ask this

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provider and they would say yeah it's

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not your fault it was someone else and

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it's like but why didn't you fix this

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like we notified them so

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um it's pretty easy for your IPS whether

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you're sending to yourself or through a

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third party API to get on a blacklist

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and once they do your deliverability

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goes to shed and your open rates go in

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the tank so MX toolbox is a tool we use

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there may be a better one now but I

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swear it was 10 20 bucks it was almost

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not a non-existent cost

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the other thing is you have IP addresses

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which you can usually if you have a send

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grid account or whatever you can just go

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see which IPS are being sent through

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but you also have a domain sending

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domain microgrump.com tinyc.com that you

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should also be tracking on an ongoing

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basis I think because frankly given how

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many emails we all send and how critical

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this is if you're not getting you know

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the equivalent of a Google alert when

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you're when you're a blacklisted it's a

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problem and it's really this is 100

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doable in like 20 or 30 minutes the

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hardest part is going to be which

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domains are we using to send uh I'm

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sorry not which domains which IPS are we

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using to set that's gonna be the hardest

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part otherwise setting it up is not a

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big deal

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third tip encourage annual upgrades at

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the right time so a lot of us we like

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annual plans as as Founders some some do

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some don't but annual plans give us a

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lot of cash up front gives us a quick

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payback on ad spend and many of us this

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is casto's pricing page just as an

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example so many of us at sign up say you

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can choose self-select pay monthly you

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pay annual and you get a discount uh

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usually it's like 10 months for the

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price at 12. no no it's the other way 12

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months for the price of 10. and

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that's cool and some certain percentage

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will self-select and depending on your

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audience 10 20 percent

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and then either people never pitch again

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or they pitch it at the wrong time and

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what we found was the best time and I've

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seen a few other uh companies do this as

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well the best time

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involves churn and tracking churn so I'm

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going to show you this image when I

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Googled um because I don't really have

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like access easy access to a churn graph

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anyway any anymore so I Google like uh

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churn graph churn image every single one

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is like this and at the bottom if you

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can't see it it says Revenue turn 10 and

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it's just a it's just a smooth graph

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that's like 10 10 10 10 10 10 10 10

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right well that's not how churn goes if

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you've ever run an app I mean it's much

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much more this is a real turn graph

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usually

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you lose a lot early on 30 60 90 that's

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the usual range

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um the Sasa SAS apps I've run have had

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tremendous had the highest turn between

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um 0 and 60 or 0 in 90 days and then it

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flattens out right and that's

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essentially what this does although this

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one goes almost out six months before it

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hits the four the four percent Mark

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which still feels a little high to me

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but anyways you can see that if you're

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pitching let's say you're in the app

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you've converted to paid this is month

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one and you

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um send them an email an automated email

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that says hey you should uh upgrade to

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annual well you're still churning out

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eight percent of people in month one ish

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and then six percent and then five

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percent like

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everybody's not onboarded yet right are

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people mentally committed yet so really

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what we saw and again our graph was

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different

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um last three SAS apps I had they all

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were in the 60 90 day window so what we

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would find is when did the churn when

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did churn really start flattening out

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and in fact if you

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actually like

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like uh all the time so find where it

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starts to plateau in this case it would

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be about six months I'd say

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um and this is when I would be pitching

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annual because you know people turn out

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at such a tremendously low uh percentage

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at this point

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and this is like the email text I said

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um that we would put it in an automated

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email that went out again for us it was

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60 days so then it was about within a

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month of that point so it was 60 to 90

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days at some point they would get an

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email and it was this it's like hey

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first name I want to let you know about

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a way to get two months free if you

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upgrade you'll get blah blah blah it

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only takes a click you can find out more

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and upgrade here warmly Rob founder it

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was something like that

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um and you can feel free to swipe this

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and edit it you know but it's just a

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very simple I always find stuff as the

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founder and um we had good you know much

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better uptake on this than trying to

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pitch it at any other any other time

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all right number four help yourself by

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helping a B2B writer if you're doing any

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type of content marketing or link

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building you may have used Harrow which

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is help a reporter out

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that's an interesting service and it

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takes a lot of work

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um to monitor you get a ton of you get

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two or three emails a day each email has

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a list of like reporters or press or

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even just like bloggers content

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marketers who are looking to to get an

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answer to a question like hey I'm doing

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a Roundup of the best marketing

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approaches and you know b2c to B to C

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SAS today and you respond and maybe get

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a link Harrow is cool and it's very big

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and it takes a lot of work

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I have

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submitted personally probably over the

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course of several years and I used to

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pay a little agency called bite size PR

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to do it for me too

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I've probably submitted 50 pitches to

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Harrow and I think I've gotten

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three or four like links so it you know

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there's it's just a high signal to noise

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uh type of thing or high noise to signal

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I think for them there's a new service

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that has just come out in the last year

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and it's called help a B2B writer and so

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it's a much more of a bunch of folks

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Like Us in Microsoft and in fact I

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noticed that the domains come through

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I'm like there was like a Shopify

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article like a month ago there was um

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there's some other kind of

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again B2B SAS startups that have come

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out so I signed up for this just to be

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curious I'm not even really looking for

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links or anything but I get what you and

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you say you know there's SAS there's

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marketing um the categories there is

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e-commerce there's a few others and you

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can tell it's someone kind of in our

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sphere more and it's lower traffic

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um but I've submitted three and I think

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I got two links already and so you know

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maybe this gets bigger as big as Harrow

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someday and it and then it doesn't work

play11:31

anymore but for now it's a pretty cool

play11:32

service

play11:34

um I get two emails a day and they

play11:35

usually have one or two pitches and

play11:37

they're usually good have been a good

play11:38

fit for me so this is just an example

play11:40

looking for SAS business stuff for

play11:41

buyers to share their experience

play11:43

and purchasing software for their

play11:45

company they should talk to April she

play11:46

has a great analogy for that you should

play11:48

send the toilet analogy to them

play11:50

alternative.co so anyways yeah that's

play11:52

just a fun again it's a fun little tip

play11:54

that subscribing to that takes you less

play11:56

than 60 Minutes I guarantee it

play11:59

all right number five is to consider a

play12:01

Google analytics alternative

play12:04

so

play12:05

I when I look ahead three five years I

play12:08

don't know if Google analytics is still

play12:10

going to be legal in Europe and who the

play12:12

heck knows what what else is coming

play12:13

Google is still gdpr compliant

play12:16

technically until it's but not by the

play12:18

Austrian government so they're like nope

play12:20

Google analytics constitutes a violation

play12:22

of gdpr and it is possible that more

play12:25

European authorities will soon follow so

play12:27

this is an article from I don't know

play12:29

it's the past few months

play12:32

tell me if I'm hedging my bets

play12:35

I'm signing up for a backup platform and

play12:38

I'm installing tracking code now so I

play12:40

have history and two platforms

play12:42

it's less than 60 minutes

play12:44

the platform there's a couple platforms

play12:46

I actually asked in tinyseed slack to

play12:49

find out what it what is everybody using

play12:51

today for not using Google analytics but

play12:52

I remember 10 years ago it was clicky

play12:54

get clicky.com they were the only

play12:56

alternative but they're a little you

play12:57

know they're a little longer in the

play12:58

tooth I would say than than maybe you

play13:00

want to use but fathom many of you know

play13:02

the founders of fathom they have a fun

play13:05

podcast and they're in the bootstrapper

play13:08

um you know kind of microcomp related

play13:10

crowd so fathom's a good one and

play13:13

certainly reasonably priced they also

play13:15

have uptime monitoring built in which is

play13:17

another tip that I have later and then

play13:19

he heap.io is is the other one people

play13:21

said there's there's several when you

play13:23

Google for it but these are the kind of

play13:24

two I think that personally I'd probably

play13:26

use fathom but I would I would at least

play13:27

compare the two and again am I saying

play13:30

uninstall Google analytics today and run

play13:32

away not not particularly but I do think

play13:34

having

play13:35

um redundancy in a lot of these areas I

play13:38

think can be helpful

play13:40

tip number six and this is this one is

play13:42

just so clever and so

play13:45

simple to do it's to yourdomain.com

play13:47

meeting

play13:49

redirect that to your scheduling link

play13:51

use calendly savvical I got this from a

play13:55

founder

play13:57

uh Andy cabasso of postaga you can see

play14:00

it at the bottom and I needed a slide

play14:02

with visuals so I went and I

play14:04

HD access is the top one I was like

play14:06

breaking out my htaccess Linux stuff

play14:08

second one is um was that Squarespace

play14:10

and the third one's WP engine that's how

play14:12

you do it but if if you have Linux the

play14:14

top one is how you would redirect your

play14:16

that would be your meeting link to my

play14:18

meeting URL you want to do that I'll

play14:20

suddenly have a bunch of calendar

play14:21

invites I'll be like hey I can do a demo

play14:23

of stuff

play14:24

um that's not my real meeting URL either

play14:26

that would be dumb so oh and it's a it's

play14:29

a 302 by the way not a 301 because it is

play14:31

not permanent right you want to be we

play14:33

want it to check back you want browsers

play14:34

to check back so

play14:35

simple

play14:37

two slides but that was when I was like

play14:38

I need to do this that's kind of cool

play14:42

number seven is to keep a marketing

play14:44

change log and this is something I don't

play14:47

remember if we heard about this or if we

play14:50

came up with this idea honestly but we

play14:53

all know what a change log is in uh you

play14:56

know for your code where you can see the

play14:57

commits and the labels and the branches

play14:59

and the stuff you've done over the past

play15:01

X months you can go back through it yeah

play15:03

we changed this oh this broke well why

play15:04

did it break well because we have a

play15:05

change log

play15:06

so we were

play15:08

having trials one month and suddenly we

play15:12

didn't have any more trials and we said

play15:13

what broke and we said we don't know we

play15:15

don't have a marketing change law so we

play15:17

implemented one and it's a Google sheet

play15:19

and this I literally I went into my

play15:21

Google Docs account and I searched for

play15:24

marketing changelog that is the real

play15:26

marketing changelog from trip before we

play15:28

got acquired it it ends in April you can

play15:30

see like real names in here anna right

play15:31

many of you know her as customer success

play15:33

and all it is is it's a date it's what

play15:36

we did and then we categorized stuff in

play15:38

case we want to look for it and this is

play15:40

all manual didn't pull from anything but

play15:42

more than once we referred back and we

play15:44

were like why did why did this number

play15:46

change because oh and I just I noticed

play15:48

this right before look at uh number

play15:51

three

play15:52

it's 11 10 November 10th of 2015 added

play15:55

subscriber count drop down to request a

play15:58

demo that was we literally got Ah that's

play15:59

cool maybe this is all ties together so

play16:02

anyways marketing changelog I recommend

play16:04

it I mean honestly I think everyone

play16:05

should do this getting one started is

play16:07

certainly less than an hour maintaining

play16:09

it maybe a little more discipline right

play16:11

you need some type of process and to let

play16:12

a team know when you do stuff split

play16:15

tests this would be if I added a removed

play16:17

credit card this would be if I made

play16:19

major changes to any type of marketing

play16:21

campaign rolled out a new one pulled one

play16:23

back because attribution is hard these

play16:25

days we know that and this is a way to

play16:27

at least have some dates and have some

play16:29

uh you know some info

play16:31

number eight simple one most people know

play16:34

Google Alerts you want your probably

play16:36

your name you want your company name

play16:39

your product name probably some

play16:41

competitors that you're monitoring

play16:42

monitoring Google Alerts are delayed 12

play16:46

hours 24 hours even if you

play16:49

they're not instant because it's

play16:50

crawling the web and stuff

play16:52

but I still have all that and F5 bot

play16:55

which is this free tool that is super

play16:58

fast crawler of Reddit and Hacker News

play17:00

and this thing called lobsters which

play17:02

I've never even heard of but red and

play17:04

Hacker News is what I use it for and so

play17:05

now I'm getting

play17:06

um you know I have startups for the rest

play17:08

of us Minecraft Tiny Seed I have my book

play17:10

titles I have my name just in case

play17:12

something gets mentioned in a Hacker

play17:13

News thread I can pop in and be like hey

play17:14

thanks for the mention yeah actually and

play17:16

I can clarify or I can say I'm working

play17:18

on an updated version of that book for

play17:19

the 10th year in a row

play17:21

um but F5 bot is free and I don't know

play17:24

I've been using it for eight months this

play17:26

is look at this amazing email they sent

play17:28

me it's not some great ux but I mean I

play17:30

can't even read that but you know

play17:31

there's a blue line that says Reddit

play17:33

comment I click on that on my phone it

play17:34

gets me into Reddit and I'm like oh cool

play17:36

someone just what did they mention here

play17:38

startups for the rest of us yeah and so

play17:40

I was like hey thanks you oh it's this

play17:42

specific episode right they just

play17:44

mentioned a

play17:45

the podcast itself and I went and

play17:47

Googled the episode and brought it into

play17:49

the thread so it was like just being

play17:50

helpful on the internet

play17:51

so that's a cool little tool

play17:54

number nine is a fun little exercise if

play17:56

you've never done it we often look at

play17:58

churn and I you should never look at one

play18:01

Churn number my churn is seven percent

play18:03

that don't tell me that okay and number

play18:05

one it should be Revenue churn customer

play18:08

churn is secondary but number two date

play18:10

based because you're churned before 60

play18:12

90 days is high and then it goes down

play18:14

low so tell me about those and then the

play18:17

next fun adventure is to segment your

play18:19

churn by a price point and you can pick

play18:22

tier you can do it by tiers

play18:24

or you could just make an arbitrary call

play18:27

and be like well all the chairs below 50

play18:28

we think churn higher so let's let's

play18:29

just do that so there's this tweet I

play18:32

sent that unfortunately accidentally

play18:34

deleted

play18:35

um since then for more than a decade

play18:36

I've been saying lower paying customers

play18:38

churn faster here's another data point

play18:40

it's from a Tiny Seed Company it's

play18:42

anonymized but it's used with permission

play18:44

so segment a which we're about to see

play18:47

the numbers on segment a is the the less

play18:49

expensive right 29 bucks a month and

play18:51

under

play18:53

segment b 99 a month and up so all right

play18:58

enormous difference in churn and net

play19:00

churn and LTV so this is it segment a

play19:03

who pays less than 29 turned at 11

play19:05

segment B it pays 99 and up turns it

play19:08

minus four percent so net negative churn

play19:10

which is a 15 turn swing which is you

play19:12

know catastrophic or or the opposite of

play19:15

catastrophic if if you're on the the

play19:17

plus side of that

play19:19

um you know when trying to grow a

play19:21

company with 11 net churn versus minus

play19:22

four percent if that was your whole

play19:23

business is just night and day it can

play19:26

mean the difference of having a quarter

play19:27

million dollars versus a million in

play19:28

error or more

play19:30

the reason I'm saying to do this is to

play19:34

you maybe you can do it with a SQL query

play19:36

maybe you do it you export from stripe

play19:39

and you literally do it in a Google

play19:40

sheet just once just to see what it's

play19:43

like statically it's not going to change

play19:44

dramatically it's not going to be 100

play19:46

higher 50 lower next month you have an

play19:48

idea of it do it every few months it

play19:50

just gives you insights into who your

play19:53

best customers are I mean the lifetime

play19:55

value difference think of this like even

play19:57

if it wasn't 99 and up if it was 29 and

play20:01

99 points and then you do the churn the

play20:03

lifetime values on those things are like

play20:04

well you can spend so much more money so

play20:08

it gives you insight into things like

play20:10

that your lower plans probably aren't

play20:12

that helpful here's the caveat I'm going

play20:14

to say because then my next point is to

play20:16

consider dropping your lowest plan just

play20:18

because your churn is high on your

play20:20

lowest plan does not mean you should

play20:21

drop your lowest plan because sometimes

play20:24

your lowest plan you're capturing the

play20:26

market they don't go to competitors when

play20:28

you know at the lower price points and

play20:30

especially if they feed an auto upgrade

play20:32

into your 99 plans but if there's not a

play20:35

lot of upgrading happening that's when

play20:37

you think do I just have two products I

play20:39

have an expensive product that's 99

play20:40

bucks with great churn and I have a kind

play20:42

of a product that everyone turns out of

play20:44

and it's 29 and no one's upgrading

play20:46

that's to me the signal to think

play20:48

maybe I should just hide this plan and

play20:50

see what happens so it's not a direct

play20:53

absolute yes you should do it but it is

play20:55

something that is fun to know and good

play20:57

to know as you allocate resources to

play20:59

different types of customers we actually

play21:01

pumped in when we used help Scout we had

play21:04

a custom bar on the side a custom widget

play21:07

and we would pull in what plan people

play21:10

were on how long like what they paid us

play21:12

to date how many support requests all

play21:14

this stuff such that we could I don't

play21:16

remember doing this but if we could have

play21:18

like had a priority support tier where

play21:20

basically if you pay us more we respond

play21:22

quicker but I don't remember necessarily

play21:24

doing that

play21:26

so as I said number 10 is drop your

play21:28

lowest plan can think about dropping

play21:30

your lowest plan with the caveat that I

play21:31

said earlier

play21:33

um of course we know that the first

play21:35

order effect dropping your lowest plan

play21:36

is it should it should increase your

play21:38

average revenue per user

play21:40

um and then I have these fancy graphs of

play21:42

these three companies that I uh advise

play21:44

that like all they did was increase

play21:46

their prices and you know the graphs

play21:48

went up and these are legit like actual

play21:51

graphs

play21:52

so

play21:53

the hard part

play21:55

the hard part about increasing prices is

play21:58

there's a lot of hard parts and I did a

play22:01

50-minute talk on this at microgrump

play22:03

Europe that Talk's going to be out soon

play22:06

whenever we get it uh launched and all I

play22:08

talk about is like how to Think Through

play22:10

pricing changes how whether to you know

play22:14

grandfather or not

play22:16

um and then how to communicate it if

play22:18

you're going to do it how much to raise

play22:19

value metrics all this stuff so it's a

play22:21

whole talk unto itself

play22:23

and in that talk I have this you know

play22:25

this tip and I say if you if you're just

play22:27

scared to do all that

play22:30

for a week just hide your lowest pricing

play22:32

plan and see what happens just play with

play22:34

it

play22:35

do do your sign ups just go away or do

play22:39

half your sign ups from 999 plan go away

play22:41

but the other half go to 49.99 because

play22:43

suddenly that's a very different

play22:44

business that you're running right so

play22:46

it's just this is the easiest simplest

play22:48

when I you can't raise prices in under

play22:50

an hour there's too many things you

play22:53

could hide this on your pricing page in

play22:54

less than an hour and see You'd then

play22:57

need to monitor it over the course of a

play22:58

week or two though

play22:59

all right that was number 10. number 11

play23:02

is to make and ask after a successful

play23:05

support ticket but yeah so uh you can

play23:08

ask for a testimonial or you can ask for

play23:11

like a review in captera if you guys are

play23:14

a G2 crowd or one of these things and

play23:16

the idea is if someone great support you

play23:19

know you've done it you respond and

play23:20

someone's like oh my gosh I can't

play23:21

believe you implemented that feature so

play23:23

fast oh my gosh that was an amazing

play23:24

experience that you just made my day

play23:26

you're the best and usually we're like

play23:28

hey thanks archive because I'm in a big

play23:30

hurry and support so instead of that

play23:32

could we steal this email that I wrote

play23:35

for this presentation that says hey

play23:36

that's great to hear because I'm acting

play23:38

like they just complimented us right

play23:40

that's great to hear we work hard to

play23:41

provide amazing support your email is a

play23:43

great testimonial for that ooh did

play23:45

anyone catch what I did there

play23:47

which has me thinking would you mind if

play23:49

we took a sentence or two from your

play23:51

email and used it as a testimonial on

play23:53

our website we love showing potential

play23:54

users blah blah blah no pressure If not

play23:56

that's like the me not being a sales guy

play23:58

right the no pressure thing you can uh

play24:00

edit to your own accord thanks Rob

play24:01

because in customer support this Rob

play24:03

guys a lot of a lot of roles he's the

play24:05

founder and customers were anyways steal

play24:08

that text if you want to

play24:09

um Auto you know put it in the uh what

play24:12

are they called Snippets right when

play24:13

you're responding to support boom it's

play24:14

just a keyword thing and see what

play24:16

happens implementing that in your help

play24:18

desk software will be less than an hour

play24:19

and then send it out five times next

play24:22

week and just just see what happens

play24:25

okay so everyone if you've seen me speak

play24:27

before you know that I have in two

play24:29

intermissions in most of my talks

play24:31

and that's because I talk fast and I get

play24:33

tired of hearing myself talk versus this

play24:35

much and so does everyone else so this

play24:37

is the first one they tend to be the

play24:38

short little you know kind of hopefully

play24:41

fun videos

play24:42

um this is one of my I'm not on Tick

play24:44

Tock but someone posted this and this is

play24:46

perhaps my favorite Tick Tock I've ever

play24:48

seen and it involves Portland Oregon

play24:50

and Minneapolis and how they are so

play24:53

hipster and similar but not the same so

play24:55

here we go do we have volume on my on my

play24:58

slides awesome

play25:00

hello

play25:02

are you a liberal hipster who likes to

play25:04

collect

play25:06

tape cassettes or some but you're

play25:08

not so far gone that Portland is a good

play25:10

fit for you come join us in softcore

play25:13

Portland also known as Minneapolis here

play25:16

in diet Portland we like vinyl records

play25:20

and ethically sourced coffee

play25:23

but we're not necessarily full-blown

play25:25

Communists here in Portland light we

play25:28

believe in gay rights but we also

play25:31

believe that heterosexual relationships

play25:34

are okay too so I like that because we

play25:36

Portland and Minneapolis are in this

play25:38

like hipster fight of that we have this

play25:40

battle every year of like who has the

play25:41

most bike Lanes right most miles of bike

play25:43

lane and it's funny everybody from

play25:45

Portland who sees this just cracks up so

play25:48

um

play25:49

all right

play25:50

group two is product

play25:52

a couple of these are some suggestions

play25:54

from from Founders

play25:56

um which I was doing I asked for

play25:58

Founders because it's like yo I haven't

play25:59

installed like I haven't done a lot of

play26:01

product stuff in six years so my stuff's

play26:03

a little bit out of date so a few of

play26:04

these I hope are helpful

play26:06

um the first one which just caught me

play26:07

totally out of the blue because I'd

play26:09

never even heard of this

play26:11

install microphone microconf Microsoft

play26:13

Clarity I didn't even know what it was

play26:15

so I Googled it and it's basically heat

play26:19

mapping and it is

play26:22

um like uh screen recording

play26:24

but here's the thing and I saw the

play26:26

homepage and I'm like sweet so it's a

play26:27

SAS product what is what is the hack

play26:29

here gdpr and CCPA ready no sampling

play26:32

built on open source and then this is

play26:35

from Pierre de wolf of scraping B many

play26:37

of you may have seen him on Twitter

play26:39

so I clicked on pricing to say like well

play26:41

if it's just recommending a paid tool I

play26:43

don't is that make this something I want

play26:45

to do and it says Clarity it's free

play26:46

forever enjoy all the features of

play26:48

clarity zero costs will never run into

play26:49

traffic limits or be forced to upgrade

play26:51

to a paid version gdpr CCPA ready no

play26:54

sampling built on open source so I I

play26:56

haven't personally tried this but Pierre

play26:57

swears by it and I feel like it would be

play27:00

something I would be trying in less than

play27:02

60 minutes

play27:03

tomorrow

play27:04

all right this was another tip that just

play27:07

had never occurred to me it's to if

play27:09

you're on AWS enable S3 versioning

play27:12

and what versioning does is all your S3

play27:15

buckets you start having

play27:17

versions so if you go in and delete

play27:19

something you can get it back if you go

play27:21

in and modify something you can get the

play27:23

version back we know what versioning is

play27:25

right

play27:26

the cost is from what I've heard

play27:28

absolutely minimal

play27:31

um Benedict daika of user list gave me

play27:33

this tip and I said how much cost has it

play27:36

increased and he said I don't know I

play27:37

think our total S3 bill is five dollars

play27:41

per month or maybe euros and I was like

play27:42

yeah it doesn't matter if a Euro five

play27:44

dollars so

play27:45

I like this idea and I have heard now

play27:47

now that I brought it up I started

play27:48

talking to a few Founders and I had two

play27:49

who told me like oh yeah no I deleted a

play27:52

user like something we store an S3 and I

play27:54

deleted it and we had the version and I

play27:56

got it back and I was like that is cheap

play27:58

insurance man so I would I haven't done

play28:01

this but I'm gonna have to assume you

play28:02

could enable this in like 10 minutes

play28:04

or since it's AWS console like 30

play28:07

minutes by the time you find it

play28:09

all right

play28:10

Council all right number 14

play28:14

to say 75 of you are already doing so

play28:16

this is also Benedict and there's a

play28:19

couple Cool Tools that do this a

play28:21

Speedway which is uh it's actually a

play28:24

Tiny Seed Company he doesn't just do

play28:26

like hit an API endpoint or hit an HTTP

play28:28

protocol he actually has full-on

play28:31

protocol Bots and browser Bots that can

play28:34

see a screen and look for stuff and it's

play28:36

just a very complicated uh not

play28:37

complicated for you but a a healthy

play28:40

implementation of what it does so it can

play28:41

go deeper than just pinging an end point

play28:44

and telling you if it's a 200 response

play28:46

so speedway.app is one and then as I

play28:49

mentioned before fathom has uptime

play28:51

fairly simple uptime monitoring built

play28:53

into that thanks Derek I had asked him

play28:54

who he used for uptime and he said uh

play28:57

Speedway or fathom's pretty good

play29:00

number 15 so we're going we're halfway

play29:02

there

play29:03

track your knowledge based searches

play29:07

track the ones where there are no

play29:08

results returned

play29:10

and log them somewhere so if someone

play29:12

were to come to your knowledge base and

play29:13

type in shrimp tacos and they get zero

play29:16

results we used to well it was super

play29:19

hacky because we had access to the

play29:21

source code it was WordPress and I went

play29:22

in with my PHP skills and I hacked thing

play29:26

that like emailed this address and then

play29:28

we just had them in a label

play29:29

and then once a week one of our customer

play29:32

success people would go through that

play29:34

label and a bunch of it was junk junk

play29:35

spam shrimp tacos and then he'd come

play29:37

upon several that were like oh they're

play29:39

actually searching for something they

play29:40

need to find and either we don't have an

play29:42

article for it or we do have an article

play29:44

but they're not finding it so he would

play29:46

take that phrase and add it as like a

play29:48

tag or you can just add it as a sentence

play29:49

at the bottom or whatever and then that

play29:51

would start appearing for the search so

play29:53

it's just a way to help your users find

play29:55

stuff if they're gonna let's be honest

play29:57

most users or a lot of users don't go to

play29:58

your KB and so if they're gonna do it

play30:00

like let's at least give them give them

play30:01

a hand I wouldn't recommend the email

play30:03

approach it was super hacky but if you

play30:04

can log it somewhere

play30:06

um that's what I would be doing and then

play30:08

reviewing it weekly monthly whatever

play30:10

number 16 is the one you really didn't

play30:13

want to hear nobody wants to do this and

play30:15

it's just another email sending one but

play30:17

it's enabling SPF and dkim

play30:19

it's a lot simpler than it sounds I'm

play30:22

hoping at least half of you maybe three

play30:23

quarters already have this but if you go

play30:25

to dmarc analyzer which is this free

play30:28

thing I found on Google I entered my

play30:30

domain what is that why would I use

play30:31

rawballing.com and it basically all my

play30:35

stuff sat except for I have like some

play30:37

capital letters in my SPF record so this

play30:39

will tell you things aren't there the

play30:41

hardest part of this

play30:43

is you have to think okay I'm sending

play30:45

through send grid and then my ESP and

play30:48

then maybe we're sending some well if we

play30:49

send them through the app they should be

play30:50

centered so now you need to go to send

play30:52

grid on your ESP and you need to find

play30:54

their spfd chem because you have to pull

play30:56

some settings from them so that's the

play30:57

hardest part is just finding it once you

play30:59

find it you're updating two I believe

play31:02

it's two DNS records and I had to do

play31:04

this for a new domain Sherry setup and

play31:07

it took me

play31:09

once I had the info it took me like five

play31:10

minutes but it took me like 20 minutes

play31:12

to find it so this is one of those it's

play31:14

like do we want our emails to be

play31:15

delivered or not if you don't care don't

play31:17

do this but it's definitely the email

play31:19

ecosystem is kind of abusive on these

play31:21

things

play31:22

number 17 is to rate limit your apis

play31:25

thanks again to uh Pierre of scraping B

play31:28

for this one when he sent it I said well

play31:31

of course we had rate limiting issues

play31:33

and we implemented it pretty quick I

play31:35

said you can't do this in an hour right

play31:37

that's the whole point is that the

play31:39

constraint of this talk because I had

play31:40

about 100 things on a list but a bunch

play31:42

of them are going to take you longer

play31:43

than an hour and he said aha contraire

play31:45

mon frere

play31:47

um he's French that was a really bad

play31:48

accident he said sorry Pierre I

play31:51

apologize

play31:51

um but he's like

play31:53

all the Frameworks dude if you're using

play31:54

anything flask has flask limiter Django

play31:57

has Django rate limit rails has Ruby

play31:59

limiter laravel has rate limiter and the

play32:00

best part is he literally just type that

play32:02

out Boop top and like he knew these by

play32:04

heart in the slack so

play32:06

um that's it right limit your apis if

play32:08

you have any type of API someone's gonna

play32:11

DDOS you by accident is what happens

play32:15

um now I will call out zapier and

play32:17

segment who I still don't know that they

play32:19

honor rate limits and used to DDOS us

play32:21

about once a month by accident because

play32:23

someone would enable it and it would

play32:25

just poof and like Crush our servers but

play32:27

frankly especially custom Integrations

play32:29

they will they should and will honor

play32:32

this

play32:33

all right

play32:35

number 18 we're getting there ask why

play32:37

people are canceling

play32:40

we took out our in-app ask why people

play32:42

are canceling because people just typed

play32:45

ASDF in our text box

play32:47

and submitted so what we did

play32:49

that I found slightly better results

play32:51

your mileage may vary easy enough to

play32:53

test right I think you could test this

play32:55

in under an hour I'll put it that way

play32:56

you hide your Bot the the text box and

play32:58

you put this into an automated email

play33:00

that goes out is we had an email that

play33:01

went out I think it was like 12 10

play33:03

minutes 12 minutes after someone

play33:05

canceled Rob's back to being a Founder

play33:08

here hey I noticed you canceled your

play33:10

product name account as we continue to

play33:12

improve it'll be super helpful if you

play33:13

could hit reply let me know why you

play33:15

decided even if it's just a few words

play33:16

thanks I'm the founder that was the

play33:19

appeal and we didn't get 100 replies for

play33:21

sure but the replies we did get might be

play33:23

one sentence I decided this I moved to

play33:25

MailChimp because XYZ

play33:28

um you know your ux isn't what I want

play33:29

but it we at least got some helpful

play33:31

feedback there

play33:33

moving on to the next one this one is

play33:35

probably the least

play33:36

it is it's the least SAS specific it's

play33:38

more like these are some of my own

play33:40

personal productivity hacks or things

play33:41

I'll just throw out I think there's like

play33:43

five of them but we should go through

play33:44

them quick number 19 is to use my text

play33:47

expander so I have three text expanders

play33:49

that I use

play33:51

daily and

play33:53

they are my address my add my ad for my

play33:57

address mycal which is my Savvy cow link

play34:00

and my zoom which is my private Zoom

play34:03

room link

play34:06

and I put those I use the Apple

play34:07

ecosystem I'm sure Android has the same

play34:10

thing but like in apple it's like you go

play34:11

to settings you go to keyboard and you

play34:12

just type these things and you copy man

play34:15

and then you're done and now on any

play34:16

Apple device because I have two iPads

play34:18

and a computer and I have my phone it's

play34:20

all the same and all the time I'm typing

play34:23

an email on my phone and I'm like Ugh

play34:26

okay hey yeah let's just connect uh use

play34:28

this link my Cal and it's like poof and

play34:30

it expands and it's like magic right I

play34:32

know some people who are amazing with

play34:33

this and have like 50 expanders I'm not

play34:35

smart enough to remember that many so I

play34:37

really rely on these three and then

play34:39

you'll see my no pitch which is no

play34:40

thanks we don't take guest pitches on

play34:42

our podcast please remove me from your

play34:44

list that's what that one is but the my

play34:46

ad my cow and my zoom uh I've come to uh

play34:50

to really like and enjoy

play34:53

number 20 is an email processing hack I

play34:56

have which is have an email label for

play34:58

lower priority tasks so anything that

play35:00

comes in that isn't someone on my team

play35:02

is not waiting on me or I know that I

play35:04

can wait a week two weeks I mean there's

play35:06

all kinds of stuff right where it's like

play35:07

I'm not gonna file that thing with the

play35:08

IRS in two and a half weeks

play35:10

um I need to respond to this thing but

play35:12

it's it's next month or whatever but I

play35:13

know I don't want to lose it I label it

play35:16

in Google and Gmail and I have it called

play35:19

underscore this week because underscore

play35:21

moves it to the top you can pick

play35:22

whatever label you want but I go

play35:23

underscore this week boom it's out of my

play35:25

inbox and I get to inbox zero that way

play35:27

and then once a week from 9 to 10 a.m on

play35:31

one particular day and I'm not going to

play35:33

say the day because if all the emails

play35:34

you get from me are on that day then you

play35:35

know that I'm this week in your email

play35:37

but from 9 to 10 a.m I sit down and I go

play35:40

through all of the this weeks and I have

play35:42

there's one in the business account one

play35:44

in my personal account and I've never

play35:46

had a week where I haven't gotten

play35:47

through all of them there's usually not

play35:49

that many I will actually emails like

play35:50

Jason Cohen wrote a cool article last

play35:51

week and it's like I don't have time to

play35:53

read this like 3000 words so I threw it

play35:54

into this week and there was a there was

play35:56

a YouTube video I wanted to watch

play35:58

um some Rand fishkin stuff he said like

play36:00

there are certain things that I want to

play36:01

consume as well now don't go crazy with

play36:02

it I do filter because you can throw in

play36:04

three hours worth of content into this

play36:06

you don't do that right you throw in

play36:08

things that need to be responded to or

play36:09

that you really want to uh to consume

play36:11

and think about

play36:13

and then I don't worry about that stuff

play36:14

at all until I get there

play36:16

all right number 21 is to upgrade to the

play36:19

audible annual plan if you're an audible

play36:20

listener I think we have

play36:23

close to 680 books in our audible

play36:26

account between the family and so we buy

play36:28

a lot of books and frankly the monthly

play36:30

plan your books are

play36:32

11.50 a piece and on the annual plan

play36:35

they're like nine dollars and something

play36:36

and that will save you money that you

play36:39

can use to grow your startup you're

play36:41

welcome

play36:42

so that was that was maybe the lamest

play36:45

tip in the whole thing I promise I you

play36:47

know if you don't use Audible it was

play36:48

just a whiff but

play36:50

um number 22 is to consider asynchronous

play36:53

voice so there are a lot of meetings

play36:56

that should not be meetings but they

play36:58

also shouldn't be slack threads and

play37:00

having

play37:01

a three minute or a five minute voice

play37:04

text in essence

play37:07

can be super helpful

play37:08

and there are ways to do this we I used

play37:11

to use a loom or a screencast to just

play37:13

record my screen of some emptiness and

play37:15

then send it to someone the beauty of

play37:16

loom is or an equivalent is you can say

play37:19

1.7 x this person because 2x right even

play37:22

I talk fast you can still 2x me and and

play37:25

hear it and it's so even if I do like an

play37:27

eight minute review of something you can

play37:28

do a quick there's this other tool that

play37:31

I've used and still use actually my team

play37:33

hates it but you know it's it's my

play37:35

favorite it's called Voxer and it's

play37:38

um it's fine it's free and it's only a

play37:40

tiny bit buggy but you can do it from

play37:42

your phone or your desktop browser but

play37:45

basically I can ping up uh like here's a

play37:49

great example of a great use case for

play37:51

this is when we're doing interviews

play37:54

um for some new roles that we're hiring

play37:55

for I am a second interview a lot right

play37:57

Xander's a first interview for an event

play37:59

producer and then I do the second

play38:00

interview so I interviewed someone and I

play38:02

have a bunch of thoughts for Xander

play38:04

he's in the middle of stuff we shouldn't

play38:06

I don't think we should schedule a

play38:07

meeting

play38:09

it's just me saying here's some Nuance

play38:11

of how I think here's the pros and cons

play38:12

of this person here's you know uh yellow

play38:14

flags and some things I think you know

play38:16

she did really well so Boop I touch the

play38:19

button it's push to talk on Boxer notify

play38:21

Xander and it sends an audio and then

play38:23

anytime later right he gets a

play38:24

notification like a text but he can pull

play38:26

it up it can just be like Oh I'm 3xing

play38:28

Rob on this because this guy talks

play38:29

forever Bing and then he can listen to

play38:32

my thoughts and he can respond via voice

play38:34

most people on my team respond via slack

play38:36

which is fine too but it's it has

play38:39

changed it has reduced the number of

play38:41

meetings and long ass emails I have to

play38:44

send because if I'm going to send an

play38:44

email to Xander summarizing all the

play38:47

things I think about this candidate it's

play38:48

five minutes of audio you know how many

play38:50

words is that that I'd be typing out

play38:52

it's way more efficient for me to to

play38:54

talk it

play38:55

and the last one I think in this

play38:57

category this may be my favorite of the

play38:59

whole thing people may laugh I cannot

play39:02

watch online video at 1X anymore I can't

play39:04

watch almost any video so every browser

play39:07

I'm in I have a plug-in uh and I this is

play39:09

the Chrome one it's called video speed

play39:10

controller it has

play39:13

two more than two million users and 3

play39:17

100 4.8 star reviews it's incredible

play39:20

every video in your browser on Chrome uh

play39:23

will have now you can see the little um

play39:25

controls and you can do like I believe

play39:28

it's like shift d to make it faster

play39:30

shift s or you can use your mouse

play39:33

maybe it's command D you know how when

play39:35

you remember yeah I remember as the

play39:36

thing but I don't remember what the the

play39:37

the actual keys are and so you'll see

play39:40

that like best one of the best

play39:42

bootstrapping talks of all time by Jason

play39:43

Cohen here I have this control up there

play39:44

and so I I rewatch this talk like every

play39:46

year or two but I watch it at about 2X

play39:48

and it just lets me zip through

play39:51

uh ZIP through I will never when I get

play39:53

on my kids computers I'm like no guys

play39:55

you have to install this because I can't

play39:56

sit here I can't even I know YouTube now

play39:58

YouTube has speed control which is cool

play40:00

and Netflix does too I think it's only

play40:02

up to 1.5 x

play40:04

um but most of the other platforms don't

play40:06

so this has saved me hundreds of hours

play40:08

of time since I started using it

play40:11

okay

play40:12

intermission two

play40:14

this is from Fast Company

play40:17

and it's something about reading between

play40:20

the lines in meetings

play40:23

[Music]

play40:31

allow me to play devil's advocate here

play40:34

but allow me to be a dick for a second

play40:36

but with no consequences let's pull back

play40:38

on that for a second I fell asleep while

play40:40

you were talking and I have no idea

play40:41

what's happening huh I've got a stupid

play40:44

question it's actually like a really

play40:45

smart question but I was wondering if I

play40:47

say stupid beforehand does that make me

play40:49

like kind of modest is that like sort of

play40:51

charming thing to do right let's pick

play40:53

that up in the next meeting I need a few

play40:54

days to figure out what the hell you're

play40:56

talking about

play40:57

but will this scale one of the managing

play41:01

directors once used that phrase in a

play41:02

meeting so now I use it all the time

play41:04

sorry this is just

play41:10

at you

play41:11

um do you know a four-letter word for

play41:12

long-winded there's an outside chance

play41:15

you might be right you're wrong

play41:17

you're definitely wrong I think what

play41:19

you're trying to say is so what I'm

play41:22

gonna do is take that idea and then make

play41:24

it sound like it was mine

play41:26

let's try to make this viral okay I just

play41:29

heard about this site called reddit.com

play41:31

can we get on there I think we should

play41:33

make this a cross-platform opportunity I

play41:37

watch Shark Tank let's take this offline

play41:40

yeah can we pick this up again

play41:42

um let me just maybe 15 minutes after uh

play41:45

never again

play41:46

all right so thanks Fast Company all

play41:49

right we're getting there so this is the

play41:51

last section this is on internal

play41:52

operations

play41:54

um number 24 of 31 is to use team

play41:57

password management

play41:59

hopefully you're doing this already but

play42:01

um we didn't uh frankly I had never

play42:04

really seen the Ambassador management

play42:06

until we got acquired in 2016 and I was

play42:08

like oh I totally get this so LastPass

play42:10

has LastPass teams one password has one

play42:13

password teams

play42:15

from day one when we like formed Tiny

play42:17

Seed I said everything's going into a

play42:20

business uh team's password management

play42:22

account and what it does is if people

play42:25

like let's say you settle on LastPass

play42:27

teams any of your employees who has a

play42:30

LastPass personal account can link it so

play42:33

that in their browser they can see both

play42:34

but the company can't see their personal

play42:36

stuff and then when they leave you just

play42:38

unlink it so you retain your passwords

play42:40

you can there's also a shared folder we

play42:42

can just dump a bunch of passwords in

play42:43

and everybody can access it in their

play42:45

browser so it's a relatively simple tip

play42:47

if you're already doing it you know this

play42:48

is a no-brainer if you're not doing it

play42:50

it's it's you gotta like it we just you

play42:54

can't have the password sitting around

play42:55

in text files and whoever else you have

play42:58

them this is a super simple one that I

play43:00

saw at leadpages when we got acquired

play43:02

use an email Alias for for every SAS

play43:04

account you sign up for and it was like

play43:07

there was like Accounts at leadpages.net

play43:10

or whatever and that's usually what it

play43:12

is if you haven't done that already it

play43:14

is not impossible but it is a challenge

play43:16

to go back and change them all so if you

play43:18

haven't done that already I'd make a you

play43:20

make this a group right where it's like

play43:22

my co-founders plus maybe an Ops person

play43:24

or whoever you have on your team like

play43:26

it's two or three people get that email

play43:28

so if there needs to be a password reset

play43:30

and you're on vacation which is what

play43:32

used to happen because all bunch of crap

play43:33

is set up under Rob get drip.com and I'd

play43:35

be in Mexico and like on the beach it's

play43:37

like you have the login dude and we

play43:39

can't do it this keeps that from

play43:41

happening from you being a single point

play43:42

of failure

play43:43

um it's a relatively simple hack

play43:45

this one is super fascinating because

play43:47

I've never heard anyone say this and

play43:48

it's a suggestion from a Founder use

play43:50

privacy.com

play43:52

for spending management

play43:54

so this is Rahul from nestify and

play43:57

basically privacy.com you can generate

play44:00

these credit card numbers and so you

play44:03

generate a credit card a virtual payment

play44:05

card is what they call it and you can

play44:06

say

play44:07

it's a one-time purchase and only up to

play44:10

twenty dollars and then you enter that

play44:11

in a in a store you can say it's a

play44:13

recurring purchase Max 20 reject

play44:15

anything generate another one and

play44:19

um you give it put it in Netflix or you

play44:22

put it in GitHub maybe it's a better

play44:23

example and it locks itself to GitHub

play44:26

and if anyone else got that number no

play44:28

one else can charge it but GitHub so

play44:30

it's just it's an abstraction layer of

play44:32

your actual credit card number I don't

play44:34

know I mean my personal number is stolen

play44:36

at least every 18 months I have to redo

play44:38

all my subscriptions I'm thinking about

play44:40

doing this for me personally but um

play44:41

Rahul was swearing by it as something

play44:43

for the business so I think it's kind of

play44:45

an interesting one hard to go back and

play44:47

do but it's again it's one of those

play44:48

things moving forward is this something

play44:50

that we think about also it helps you

play44:52

if you want to put a you can pause you

play44:55

can unpause you can put limits so that

play44:57

such that you don't have to track

play44:58

everything and it can just get rejected

play45:00

when you don't want that to be charged

play45:01

anymore

play45:03

27 is to keep a manual updates list what

play45:07

I mean by this is there are certain

play45:08

things on your websites that you just

play45:11

can't code so an example of this is that

play45:14

number right there 590.

play45:18

I can't write code to populate that

play45:20

number because it's not the number of

play45:22

posts we have in the startups for the

play45:24

rest of us site it's hard coded in the

play45:26

WordPress so I can't just do a count on

play45:28

the column or whatever because there's a

play45:30

bunch we exclude and it's not in the

play45:32

column why we exclude you know that kind

play45:33

of thing so it's literally we're it's

play45:35

just a number and it's embedded in there

play45:37

and it's a tiny seat about page it says

play45:39

we've backed more than 60 fast growing

play45:41

SAS companies across four continents

play45:43

that's just the number and guess what in

play45:45

a month we'll be at like 84. so are we

play45:47

going to remember to come back and edit

play45:48

this no and so it's going to sit there

play45:50

for 60 for like eight months and then

play45:52

someone's going to mention it to us

play45:53

because we never read our own websites

play45:55

right so what I did like two months ago

play45:57

was I created another uh Google sheet

play46:01

and I say I called it things that need

play46:02

periodic updating and I have a recurring

play46:05

quarterly calendar reminder all it says

play46:07

is check things that need updating and I

play46:09

come in here and I zip through them I

play46:11

click click click and you can see it's

play46:13

just a location and uh and a what that I

play46:15

that should be updated and I actually

play46:17

just updated start off the rest of us I

play46:18

think it was at like 560 or something

play46:20

and I was like yes systems working

play46:23

28 similar to this is at a quarterly

play46:26

calendar reminder or maybe a monthly one

play46:28

to review credit card transactions if

play46:30

you don't go through your business

play46:31

transactions at least once a quarter

play46:34

put an hour on that calendar you can do

play46:36

it you can do a quarter in less than an

play46:38

hour and if you don't put on the

play46:39

calendar you just don't do it or at

play46:41

least I don't

play46:42

29 is to push live chat and email

play46:44

support into slack I had not actually

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I've got I bet several of you are doing

play46:48

this but this is a suggested by Andy

play46:50

cabasso of postaga and um I thought it

play46:53

was a pretty cool one he was talking

play46:54

about like chat Leo you can do live chat

play46:56

on your website directly in slack

play46:58

intercom integrates directly in Slack

play47:01

help Scout has a slack integration even

play47:04

stripe events he's pumping in like

play47:06

refunds and trials churn like all kinds

play47:09

of stuff and I asked him why he does

play47:11

this and he said because now like stripe

play47:13

I'm sorry slack is our Hub of our

play47:15

business

play47:16

um and I don't want to be switching in

play47:17

and out of a bunch of apps and I'm

play47:19

already talking to my co-workers in

play47:20

slack so why not have it ping up and you

play47:23

know do a DM ish thing to me if I'm on

play47:26

call for support that now I just chat

play47:28

and chatting with a customer they're

play47:30

just an anonymous you know user

play47:32

so that's a fun one last two 30 is to

play47:36

send a monthly advisor email and this

play47:38

was one I recommend to people anyways

play47:40

but uh this is one that specifically I

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remember Mark Tobias in that original

play47:43

Talk of his 50 of open cage data that

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was in the talk and I just gave you a

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sample format again it'll be in a PDF

play47:50

this is what we give to Tiny Seed

play47:51

companies

play47:52

what this does and I there are several

play47:54

totally bootstrap Founders in this room

play47:56

who do this already and I'm on some of

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their lists um and I get around 100 ish

play48:01

of these a month both from Tiny Seed and

play48:03

not Tiny Seed I read everyone I don't

play48:05

respond to all of them but I read

play48:06

everyone what this gives you is a lot of

play48:08

our bootstrapping we don't have the

play48:10

rigor necessarily you don't want to you

play48:13

don't want the rigor of a VC back

play48:14

company you don't want a board you don't

play48:15

want but seriously to sit down for 20

play48:17

minutes a month and to write something

play48:20

that talks about wins

play48:22

over the last month losses plans

play48:25

problems

play48:26

and has just the metrics for the last

play48:28

two months and you pick some people at

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microconf pick people in your Mastermind

play48:31

pick you know an advisor ask me if I

play48:34

want to get it just send it and if you

play48:37

get into that discipline you'll often

play48:38

find that problems section at the bottom

play48:40

will uh generate an intro right or it'll

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generate some feedback of like oh I

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already know how to fix that so you

play48:46

should think about it so I think it's an

play48:48

interesting one

play48:50

the last one is

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one that I thought about including I

play48:55

almost had 30 and uh I really wanted to

play48:58

include this one because I think this

play49:00

gets beyond the Tactical nature of a lot

play49:02

of these and it digs into like team

play49:06

culture and Company culture and it's

play49:08

something that I have done I would say

play49:11

naturally and I'm not sure why but I've

play49:13

seen a lot of people not do this and so

play49:15

we have we had some traditions at drip

play49:18

and we now have Traditions we've just

play49:19

kind of accidentally done at Tiny Seed

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that are actually

play49:23

they make us feel like we're

play49:26

they make us know that we belong because

play49:28

we get we understand these and they have

play49:30

a lot they start to have a lot of

play49:31

meaning over time so our tradition back

play49:34

in the drip days was to troll each other

play49:35

there's way early pre-acquisition I

play49:37

think it was like four of us on the team

play49:38

Derek's England missing so in this one

play49:40

we are trolling Derek because he's at

play49:42

home and we're eating drinking wine and

play49:44

hanging out at bitwise in Fresno

play49:46

this one we're also trolling Derek with

play49:48

cupcakes

play49:49

and it just starts spontaneously

play49:51

happening and then this one Derek's now

play49:54

in the picture my kids are there and

play49:56

Derek's wife and Zach and we're trolling

play49:58

Ian and Anna who were in the other one

play50:00

right so this just became a thing and I

play50:01

just stumbled upon these and then this

play50:02

is Derek and Ian now I think trolling

play50:04

Anna uh because we're eating sushi and

play50:06

she's not so this became kind of a fun

play50:08

thing that we would do and there's

play50:09

there's a lot of these photos and then

play50:10

what I realized is I was like wow what

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do we have for for tiny scene I realized

play50:15

that when we did a headshot this is our

play50:17

about page that Anar was gone he had to

play50:20

fly out to see his family and so we

play50:21

pulled him up pick up on my iPad and we

play50:24

just kind of pointed to Anar and said ah

play50:26

isn't it funny he's missing and then a

play50:28

couple months later we're in California

play50:30

and Xander's not there and so now it's

play50:33

Tracy in our and I'm mocking sander so

play50:35

that that's our I think going to be our

play50:37

our

play50:38

tradition but I will say the one that I

play50:41

think that I still Derek and I still

play50:44

text about and I honestly get a little

play50:46

choked up about it because it is has

play50:47

such deep meaning for me is there's this

play50:48

stuff called fire cider and it's

play50:50

um habanero infused

play50:52

apple cider vinegar Wellness tonic

play50:55

firesider.com or you can buy it on

play50:57

Amazon we got in a little snap monthly

play51:00

snack subscription and some of the

play51:02

snacks weren't great but there's this

play51:03

little Fireside thing and I was like I

play51:04

don't know let's all try it out so we

play51:05

all took a little sip and we're like oh

play51:07

my God this is awful it's not alcoholic

play51:10

but it just it lights you up and so we

play51:13

were joking a little bit and and the

play51:14

fire starter just sat there for like a

play51:16

month and then I said all right Folks at

play51:17

some point you realize this is launch

play51:20

juice and anytime we launch a big

play51:22

feature we're all doing a shot and

play51:24

instantly everyone's like hell yes this

play51:28

is a challenge so I bought the firesider

play51:30

shot glasses and uh on the firesider

play51:33

shot glass they make it's like there's

play51:35

different levels and it's like repel

play51:37

vampires

play51:39

um you know clean out your innards and

play51:41

blah blah blah so we'd line it up and

play51:44

we'd hit ship it boom and we'd all take

play51:46

a shot it was great and so by the time I

play51:50

was leaving drip when we had because

play51:52

that was when we had two Engineers by

play51:53

the time I was leaving drift no joke I

play51:55

was buying it by the gallon

play51:56

and on your first day as an engineer on

play51:59

the product it was the product and

play52:00

engineering team we would say hey here

play52:02

you are here's a shirt here's a sticker

play52:04

and here's your shot glass and people

play52:06

are like what is this what is happening

play52:08

we always had to say is not alcoholic

play52:10

like it's not but it became a thing that

play52:12

I believe still happens today because

play52:14

when I left my my successor said where

play52:18

do I get the fire starter because I want

play52:20

you know I want to keep this going

play52:21

because it became such a cool thing so

play52:25

anyways that is all for me today

play52:42

[Music]

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