The Underdog: From $10/hr to $1.5M/Year

Starter Story
5 Aug 202420:09

Summary

TLDRMark's journey from a part-time waiter with dreams of becoming the next Mark Zuckerberg to a successful solopreneur is a rollercoaster of failures and eventual triumph. Despite numerous setbacks, including failed startups and financial struggles, Mark's persistence pays off when he discovers a new approach to entrepreneurship. He shifts from building complex products to creating 'painkiller' apps that solve real problems, leading to a breakthrough with his 'Ship Fast' tool. Mark's story is a testament to the power of resilience, learning from failures, and finding the right niche in the market.

Takeaways

  • πŸ˜€ Mark's entrepreneurial journey began with a dream to become the next Mark Zuckerberg, focusing on a billion-dollar startup idea.
  • πŸ’Ό He initially worked part-time as a waiter while trying to build his first app, which he believed would be the next big thing in the tech industry.
  • πŸ“‰ Mark faced numerous failures, with 30 startups failing and no significant financial success, leading to a period of self-doubt and questioning his entrepreneurial path.
  • 🌐 After moving to South Korea and experiencing more failures, Mark pivoted to smaller, quicker projects that could provide instant results.
  • 🏠 Living in challenging conditions with his girlfriend, Mark was driven by the desire for success and the need to escape his circumstances.
  • πŸ’‘ His first significant breakthrough came with a simple tool for escape room businesses, which led to his first paid customer and a renewed sense of hope.
  • πŸ“ˆ Mark's business grew to a point where he was making $4,000 a month, but the COVID-19 pandemic wiped out his revenue overnight, forcing him to reevaluate his situation.
  • 😒 In his darkest moments, Mark experienced a breakdown, questioning his purpose and the value of his entrepreneurial efforts.
  • πŸ’Ό After a period of reflection and recovery, Mark took a software engineering job that provided financial stability and a sense of worth, making him reconsider the benefits of traditional employment.
  • πŸ”„ Despite the stability of his job, Mark's entrepreneurial spirit was rekindled, leading him to be fired and return to entrepreneurship with a new approach and mindset.
  • πŸš€ Mark's new strategy involved creating and launching 'painkiller' apps that solved real problems and were monetized from the start, which eventually led to significant financial success.

Q & A

  • What was Mark's initial job before becoming an entrepreneur?

    -Mark initially worked as a waiter part-time while living with his parents.

  • What was Mark's inspiration for becoming an entrepreneur?

    -Mark was inspired by the movie 'The Social Network' and Mark Zuckerberg's story, leading him to believe he could create a billion-dollar startup.

  • What was the first business idea Mark attempted to execute?

    -Mark's first business idea was to create a 'Tinder for sports lovers', but he lacked the capacity to build it and it never materialized.

  • How did Mark's experience with the AI startup influence his entrepreneurial journey?

    -The AI startup experience taught Mark that relying on Venture Capital might not be for him and led to his desire for quick, instant results from smaller projects.

  • What was the turning point that made Mark reconsider his approach to entrepreneurship?

    -After multiple failures and living in poverty, Mark had a moment of intense emotional release where he questioned his path as an entrepreneur and considered giving up.

  • What was the first successful product Mark sold that validated his entrepreneurial efforts?

    -Mark's first successful product was a tool for escape room businesses to help them get more customers, which he sold after a cold email outreach and a phone call.

  • How did the COVID-19 pandemic affect Mark's business?

    -The COVID-19 pandemic caused Mark's business revenue to drop from $4,000 a month to zero overnight as the physical businesses he worked with shut down.

  • What significant life event occurred during Mark's break from entrepreneurship?

    -During his break, Mark got married to his girlfriend, which was a significant personal milestone.

  • What was the job offer Mark received after experiencing depression and questioning his entrepreneurial path?

    -Mark received a software engineering job offer that paid $9,000 a month, which made him question the value of continuing as an entrepreneur.

  • What was the name of the product Mark created that significantly boosted his monthly revenue?

    -Mark created a product called 'Ship Fast', which helped increase his monthly revenue to $85,000 and eventually up to $135,000.

  • What advice does Mark give to aspiring entrepreneurs based on his experiences?

    -Mark advises aspiring entrepreneurs to start anything, make the smallest version of their app as fast as they can, and learn where they are comfortable sharing their ideas to see how things react.

Outlines

00:00

πŸš€ Entrepreneurial Journey from Waiter to Solopreneur

Mark, an aspiring entrepreneur, started his journey working as a waiter while dreaming of becoming the next Mark Zuckerberg. Despite numerous failures and financial struggles, he persisted in his pursuit of a billion-dollar startup idea. After years of hardship, including living in a small, cockroach-infested apartment, Mark eventually found success with an app that generated enough revenue to sustain his life. However, the sudden disappearance of his business due to unforeseen circumstances led him to question his entrepreneurial path. In his darkest moments, Mark decided to change his approach and started over, eventually building a business that earned him $1.5 million a year.

05:01

🌐 The Struggle and Realization of an Entrepreneur

Mark's entrepreneurial journey was marked by multiple failures and learning experiences. He initially attempted to create a 'Tinder for sports lovers' but lacked the skills to execute the idea. Moving to South Korea, he co-founded an AI startup that also failed to gain traction. These experiences led Mark to realize the importance of starting with problems that need solving and focusing on quick, tangible results. He then shifted his focus to creating tools for businesses to gain customers, which eventually led to his first paid customer and a renewed sense of direction in his entrepreneurial pursuits.

10:03

πŸ’” The Emotional Toll of Entrepreneurship and the Road to Recovery

Despite achieving some success, Mark faced a significant setback when his business revenue dropped to zero due to external factors. This led him to reevaluate his life choices, including a period of depression and a loss of control over his emotions. After a period of reflection and a return to a regular job as a software engineer, Mark found a sense of worthiness and stability. However, the desire for freedom and entrepreneurship eventually led him to leave his job and return to the startup world with a new perspective, focusing on quick project development and validation.

15:04

πŸš€ Scaling Success through Rapid Prototyping and Market Validation

Mark's new approach to entrepreneurship involved building and launching multiple projects quickly, focusing on solving real problems and creating paid products. He developed a series of apps, including mood-to-movie, a habit tracker, and a productivity tips ranking tool. Despite initial low income, Mark's persistence paid off when he created a code base that could be reused for new projects, which he decided to sell as a product. This led to a significant increase in his revenue, reaching $80,000 a month. Mark's story emphasizes the importance of not quitting, starting with a minimum viable product, and learning from others' experiences to achieve entrepreneurial success.

Mindmap

Keywords

πŸ’‘Entrepreneur

An entrepreneur is an individual who seeks out new business opportunities and is willing to take on the risk and responsibility of organizing, managing, and operating a business venture. In the video, Mark embodies the entrepreneurial spirit as he attempts multiple ventures, from a sports lover's app to a tool for escape room businesses, despite facing numerous failures and setbacks.

πŸ’‘Failure

Failure refers to the inability to achieve a desired outcome or the collapse of plans or enterprises. The video script is replete with instances of Mark's failures, such as the unsuccessful AI startup and the loss of revenue due to the pandemic, which are integral to his entrepreneurial journey and serve as stepping stones to eventual success.

πŸ’‘Startup

A startup is a company or project that is just beginning, typically with the aim of growing rapidly and achieving success in a particular niche. Mark's journey involves several startups, each representing a new venture into the business world with the hope of creating a billion-dollar idea.

πŸ’‘Monetize

To monetize means to convert assets, services, or ideas into income or profit. In the context of the video, Mark initially lacks a clear plan to monetize his ideas, which is a critical oversight in his early ventures. Later, he learns the importance of creating products that can generate revenue.

πŸ’‘Revenue

Revenue is the income generated from the sale of goods or services. In the video, Mark's entrepreneurial journey is marked by fluctuations in revenue, from making no money with his initial startups to eventually earning a substantial income from his successful projects.

πŸ’‘Pivot

A pivot in business refers to a strategic change in direction or strategy. Mark's story illustrates several pivots, such as moving from a failed AI startup to creating a tool for escape room businesses, and eventually to developing a platform for other entrepreneurs.

πŸ’‘Product-Market Fit

Product-market fit occurs when a product satisfies a significant market demand and is adopted by a substantial customer base. In the video, Mark achieves product-market fit with his 'Ship Fast' platform, which leads to a significant increase in his monthly revenue.

πŸ’‘Solopreneur

A solopreneur is an individual who runs a small business on their own, often as a freelancer or independent contractor. Mark's story transitions from trying to build large startups to becoming a successful solopreneur, making a significant income by developing and selling his own products.

πŸ’‘Ship Fast

In the context of the video, 'Ship Fast' is a product developed by Mark that allows developers to quickly set up landing pages and deploy projects. It becomes a turning point in his entrepreneurial journey, leading to substantial revenue andζ ‡εΏ—η€δ»–δ½œδΈΊη‹¬η«‹εΌ€ε‘θ€…ηš„ζˆεŠŸγ€‚

πŸ’‘Worthiness

Worthiness in this context refers to the feeling of being valuable or deserving of success. Mark experiences a crisis of worthiness during his entrepreneurial struggles, questioning whether a traditional job might provide the sense of worthiness he seeks.

πŸ’‘Underdog

An underdog is a person or team that is considered unlikely to win but surprisingly does. Mark's narrative positions him as an underdog in the world of entrepreneurship, overcoming numerous challenges and failures to achieve success against the odds.

Highlights

Mark's initial ambition to become the next Mark Zuckerberg and create a billion-dollar startup.

Working part-time as a waiter while pursuing entrepreneurial dreams.

The first business idea: creating a 'Tinder for sports lovers' without a clear business plan.

Realization after a year that the first app idea would never materialize due to lack of capacity to build it.

Moving to South Korea to start an AI startup with a friend, which also failed to attract customers.

Living in a small apartment with cockroaches and the frustration of multiple business failures.

The pivot to small, quick projects after the failure of larger ventures.

The first paid project for an escape room business, marking a turning point in Mark's entrepreneurial journey.

The shift in mindset from building complex products to solving universal problems for businesses.

The unexpected success of a viral project that provided enough revenue to sustain life, leading to a move to Bali.

The sudden loss of revenue due to the COVID-19 pandemic, which wiped out the business overnight.

Mark's emotional breakdown and questioning of his entrepreneurial path during the pandemic.

The decision to take a stable software engineering job offering a significant salary, providing a sense of worthiness.

The resurgence of the entrepreneurial spirit after being fired from the software engineering job.

Mark's new approach to entrepreneurship: building small, fast projects without raising money or having employees.

The creation of 'Ship Fast', a tool that automates the setup of landing pages and payment systems for new projects.

The exponential growth in revenue after launching 'Ship Fast', reaching $80,000 a month.

Mark's advice for aspiring entrepreneurs: start anything, learn where you're comfortable sharing ideas, and ship fast.

Transcripts

play00:00

what's your

play00:01

story I lived with my parents working as

play00:04

a waiter part-time to make I think $10

play00:08

per hour I was telling people I'm going

play00:10

to make it I'm the next Mark zukerberg

play00:11

and I'm going to have a billion dollar

play00:13

startup idea and I'm going to focus on

play00:15

it this is Mark a guy who tried

play00:18

everything to become an entrepreneur but

play00:21

nothing was working I didn't have any

play00:24

salary I didn't have any savings I was

play00:25

like broke like crazy like we're living

play00:27

in like I don't like 12 square m they

play00:30

were cockroaches then after years of

play00:33

failure he finally built a business that

play00:36

worked at some point life become like

play00:38

very beautiful like finally I made it I

play00:39

have my apps I make enough money to

play00:41

sustain my life and Co hit everything

play00:43

that I built for the last two years just

play00:45

suddenly disappeared wipe

play00:47

out I've been in the journey for like

play00:49

almost 5 years already I failed 30

play00:52

startups and I didn't build anything I

play00:55

didn't save any money I didn't create

play00:57

anything that would last and then one

play00:59

morning I start to cry for no reason in

play01:02

his darkest moments Mark does something

play01:04

he never thought he would have to do it

play01:07

made me question why I was an

play01:09

entrepreneur why am I doing all that if

play01:11

I can just get a sense of like

play01:13

worthiness having a job but with

play01:15

everything on the line Mark discovers

play01:18

something that would change his life I

play01:21

feel bad and I decide I got to change

play01:24

everything I'm going to be an

play01:25

entrepreneur again but these times I'll

play01:26

do things differently this is the story

play01:28

of how Mark Lou went from working as a

play01:31

waiter for $10 an hour to making $1.5

play01:34

million a year as a solopreneur welcome

play01:38

to starter

play01:43

story I was born in a family of

play01:46

Engineers know one of my friends or

play01:48

family members are entrepreneurs and I

play01:50

grew up like 25 years in this ecosystem

play01:52

or the only thing that matters is that

play01:53

you have to have good school grade you

play01:54

have to go University and I think that

play01:56

created a frustration inside of me

play01:58

because I didn't for some reason I

play01:59

didn't care about school so I was a bad

play02:01

kid I had bad grades I didn't feel like

play02:03

I was belonging to where I was people

play02:05

wanted to do stuff and I wanted to do

play02:07

the opposite a university was the same

play02:09

so they were partying but also studying

play02:10

and I didn't know what I was why I was

play02:12

learning what I was learning after four

play02:14

years of partying and barely attending

play02:16

lectures Mark graduated and had to make

play02:19

a big

play02:22

decision when my friends and I

play02:24

graduating from uni they all got a job

play02:26

pretty easily in Paris as a software

play02:28

engineers and I think around the time I

play02:31

might have seen the movie The Social

play02:32

Network with Mark zukerberg and for some

play02:34

weird Connection in my brain I was like

play02:36

this is me I'm the next Mark Zuckerberg

play02:38

and I'm going to have a billion dollar

play02:40

startup idea and I'm going to focus on

play02:42

it and the idea was to create a Tinder

play02:45

for sports lover there was no business

play02:48

plan in mind there was not even an idea

play02:50

of how to monetize that thing I was just

play02:51

I have to build that thing Mark has a

play02:53

brilliant idea that he believes will be

play02:56

the next billion doll unicorn so he

play02:59

takes The Road Less Traveled as I chose

play03:02

a different path I lived with my parents

play03:04

working as a waiter part-time like at

play03:06

night basically to make I think $10 per

play03:09

hour I was so arrogant that I spent a

play03:11

year working on this app I was telling

play03:13

people I'm going to make it I build this

play03:15

identity for one year of this guy who is

play03:17

going to build the next brilliant idea

play03:19

and you cannot even know what I'm

play03:20

working on because it's a brilliant idea

play03:22

right and I realized after 365 days that

play03:25

this app would never exist because I

play03:27

didn't have the capacity to build it and

play03:29

would never make money everything

play03:31

crumbled like all my oneyear arrogance

play03:33

belief fell apart and that's the moment

play03:36

where I stopped working on my app like I

play03:38

threw away all the code in 24 hours quit

play03:40

my girlfriend cuz I was a terrible

play03:42

boyfriend and moved to South Korea to

play03:44

the other side of the planet Mark

play03:47

experiences his first failure but he's

play03:51

still committed to becoming an

play03:52

entrepreneur he wants to prove to

play03:55

everyone that he can do this a different

play03:57

way

play04:00

a friend of mine gave me a call he was

play04:01

in South Korea and he said he could

play04:04

raise some money from VC to build an AI

play04:06

startup back in 2017 which was pretty

play04:08

cool we were both Engineers none of us

play04:11

was was good at marketing none of us was

play04:12

good at product and you know business

play04:14

and so we ended up having that This

play04:16

brilliant idea again is going to work

play04:17

out if we build a product we build a

play04:19

product it took 6 months to make an app

play04:21

but we didn't get any customers so in

play04:23

the end nothing happens after spending a

play04:25

year building another product that got

play04:27

zero customers Mark realized realized

play04:30

that maybe this whole Venture Capital

play04:32

thing wasn't for him but this gives him

play04:35

an

play04:38

idea after the AI startups I didn't have

play04:41

any salary I didn't have any savings I

play04:42

was like broke like crazy like I was

play04:45

living with my girlfriend as well we

play04:46

were living in like I don't like 12

play04:48

square m they were cockroaches in the

play04:51

bathrooms and stuff the frustration of

play04:53

doing stuff for 2 years that led to

play04:55

nothing it made me desire the craving

play04:58

for like tiny project that have quick

play05:00

instant results I saw this ad on

play05:02

Facebook where you have those two people

play05:04

holding hands together inside of one

play05:06

mitt with thousands of likes I knew that

play05:09

if it works for them then it would work

play05:11

for me too I ended up going in the

play05:13

street sending those gloves because I

play05:14

was terrible at Facebook ad so I

play05:16

couldn't sell any online even though we

play05:18

we made zero with the gloves we probably

play05:20

like sold 30 gloves I still want to

play05:23

chase that thing show a different path

play05:24

show a different way and show that you

play05:26

can also make it with a different

play05:28

strategy with three failed businesses in

play05:31

countless Lessons Learned Mark realizes

play05:34

he needs to do something different he

play05:36

doesn't want to be a Starving Artists

play05:38

sharing his flat with cockroaches and

play05:40

spending all his time working on

play05:42

projects that never make money with this

play05:45

in mind he starts looking for his next

play05:49

[Music]

play05:50

idea I had this learning from those

play05:53

previous startup to start first with the

play05:54

problems and I was like what is a

play05:56

universal problem that everybody has

play05:58

that I can solve every business wants

play06:00

wants more customers right so maybe I

play06:02

can help any business get more customers

play06:04

and the idea was to create a little tool

play06:07

for escape room businesses to help them

play06:09

get more customers but I met a guy who

play06:12

is 100% marketer his job is marketing

play06:14

and he's like why don't you just try to

play06:16

sell it before you make it I listened to

play06:19

him I did exactly what he told me I sent

play06:21

some cold emails and I'm supposed to

play06:22

have the call with his business in

play06:24

Australia it's the first time I do a

play06:26

like a call with a lead I'm thinking

play06:28

like an engineer and I'm I like I'm

play06:29

scamming her just talking to her but

play06:31

she's so friendly she's like yeah so

play06:33

what is your idea and in the end of the

play06:34

call after 42 minutes she's like all

play06:37

right yeah send me the invoice I'll pay

play06:39

I'm sweating like my my armpits are

play06:41

sweating so much and I make her confirm

play06:43

I was like are you

play06:44

sure and then she said yes after a

play06:47

couple years and several failed ideas

play06:49

Mark's efforts finally paid off he made

play06:53

his first dollar he didn't need a fancy

play06:55

website or a perfect product all he

play06:57

needed was a solid idea and someone who

play07:00

is willing to pay for it if you're

play07:02

someone like Mark looking for their

play07:04

first idea trying to make your first

play07:05

dollar online then I have something

play07:07

special for you this is a free breakdown

play07:10

of 50 plus solo developer ideas to help

play07:13

you get started it includes a bunch of

play07:15

stuff business models Revenue strategies

play07:18

and a bunch of other stuff you'd want to

play07:20

know and it's for everyone no coders

play07:23

developers Indie hackers just click the

play07:25

first link in the description and we'll

play07:27

send it over to you for free mark

play07:29

efforts finally paid off he's made his

play07:32

first dollar online but most importantly

play07:35

he now knows firsthand that

play07:37

entrepreneurship works but when

play07:40

everything was at its best something

play07:43

very unexpected happened so this viral

play07:47

bought project quickly it made some

play07:49

enough money to sustain my life like

play07:51

$1,000 per month we moved to Bali and my

play07:54

days would be exactly the same I would

play07:56

uh send some emails in the morning try

play07:58

to get someone on the the phone call

play08:00

exactly like I did for the first dollar

play08:01

in the internet and the revenue grew to

play08:04

at the top you went until $4,000 in

play08:06

monthly recuring Revenue at some point

play08:08

life become like very beautiful like I

play08:09

finally I made it I have my apps I work

play08:11

on my own project I don't have any

play08:13

meetings I have customers I make enough

play08:15

money to sustain my life I live in belly

play08:17

I learn how to surf it's just so nice

play08:19

the revenue is going up and then I was

play08:21

working with physical businesses and Co

play08:23

hits everything closed down Revenue went

play08:25

from $4,000 a month to zero in like 24

play08:29

hours hours everything that I built for

play08:31

the last 2 years just suddenly

play08:32

disappeared wipe out after Co brings

play08:35

Mark's business to zero he decides to

play08:38

take a break he keeps on surfing and

play08:40

living life then when the lockdown eased

play08:44

something insane happened my girlfriend

play08:47

and I decided to get married so we flew

play08:49

back to France and we had a beautiful

play08:52

wedding after a couple weeks they

play08:53

started to lock down everything again we

play08:56

were supposed to come back to belly but

play08:57

we couldn't so I'm I'm 28 years old I'm

play08:59

a married man I don't make any Revenue

play09:01

most of the businesses I've tried failed

play09:03

and I think at this moment I feel not so

play09:06

good like I don't know why I'm doing all

play09:09

that anymore I feel like I've I've never

play09:11

achieved anything really and I'm back at

play09:13

28 years old in the house where I left

play09:16

to try to show there was another way

play09:18

showing that I failed basically and then

play09:20

one morning I have no clue what is

play09:23

happening I start to cry for no reason

play09:26

like I usually control my emotions I

play09:27

start to cry but have no idea what's

play09:28

going on and I look at my wall and I

play09:30

start to punch my wall four times like

play09:32

without even thinking my wall is pretty

play09:34

thin so it go through the wall and I'm

play09:36

shouting and I'm like I don't know like

play09:38

so much anger that just comes out it's

play09:41

like I've never felt this bad before I

play09:43

don't really know what depression is but

play09:45

the this lack of control that I had on

play09:47

me and these emotions bursting out

play09:50

without me controlling anything

play09:53

maybe after 5 years of failure with no

play09:57

income or savings 28 year-old freshly

play10:00

married Mark decides to do something

play10:02

that he never thought he would have to

play10:04

do he applies for a few software

play10:07

engineering jobs luckily because of his

play10:10

experience he quickly lands one of the

play10:12

positions and the job is like offering

play10:15

you $9,000 a month I look at that I was

play10:18

like i' I've been making $1,000 a month

play10:20

for 5 years and now you're offering me

play10:22

$9,000 per month I was like what the

play10:24

is going on so I jumped straight

play10:26

into the job and when you have a job

play10:28

your boss is telling you today I want

play10:30

you to do that so at the end of the day

play10:32

once you've done that you've created the

play10:34

value for the person and it makes you

play10:36

feel like you're worthy I didn't get any

play10:38

of this in in the P so it really feels

play10:40

like I was useful to someone making more

play10:42

money than he ever had all while feeling

play10:45

useful to society Mark starts the

play10:48

question if he was ever meant to become

play10:51

an entrepreneur and maybe for him having

play10:54

a regular job is enough to live a

play10:56

fulfilling life those years of ENT

play10:59

preneurship you aim to create something

play11:01

people want and when nothing is actually

play11:02

working you're basically creating void

play11:05

and nobody cares about what you do

play11:06

nobody needs anything that you're doing

play11:07

so it feels like you're just useless it

play11:09

made me question why I was an

play11:11

entrepreneur why am I doing all that if

play11:13

I can just get you know a sense of like

play11:15

worthiness having a job I started to

play11:17

have time for me on weekends because I

play11:19

didn't allow myself to take time off in

play11:20

the past it made me prioritize other

play11:22

parts of my life that I haven't touched

play11:24

previously from sleep to reading books

play11:26

to working outs and the overall

play11:27

happiness everything like the burst I

play11:29

had previously everything started to

play11:31

fade away and I started to feel much

play11:35

better 6 month after getting the job

play11:38

lockdown started to disappear and my

play11:40

wife and I decided to go back to belly I

play11:41

started to feel this little desire of

play11:44

Freedom that I didn't crave previously

play11:46

because I had 100% freedom but 0%

play11:48

worthiness but now the fact that I had

play11:50

to show up from Monday to Friday within

play11:52

2 months I was already thinking like

play11:54

sometimes I don't want to do this

play11:55

meeting I don't want to go there I don't

play11:56

want to do that and I was seeing some

play11:58

tweets from from other software

play11:59

Engineers who either got fired who

play12:01

pursue their passion whatever and I see

play12:03

that there are some guys who have a

play12:04

totally different approach to

play12:06

entrepreneurship they don't raise money

play12:08

they don't work with the team they do

play12:10

whatever they want they build tiny

play12:11

project they make it

play12:13

fast maybe I want that a little seed is

play12:16

planted in Mark's mind yet again that

play12:19

maybe he can actually do this but he

play12:22

remembers all of the failures he's gone

play12:25

through plus he's got a great job and

play12:28

he's not ready to quit right away then

play12:31

one day he receives a phone call that

play12:33

would change his life around this time

play12:35

in Bal like couple month after we're

play12:37

here I just received a call they're like

play12:39

hey it was nice working with you bye and

play12:41

so when I got fired it was totally fine

play12:43

because I was I was already thinking of

play12:45

going back to the entrepreneurship world

play12:47

to get that uh sense for Freedom

play12:49

fulfilled

play12:52

again the moment I get fired I build my

play12:55

new identity I'm going to be an

play12:56

entrepreneur again but these times I'll

play12:57

do things differently I will never spend

play13:00

month on a product I will never raise

play13:01

money I never have employees I'll never

play13:03

do all the things that frustrated me in

play13:04

the past I started to realize that each

play13:07

failure is not a failure if you don't

play13:09

give up each failure is a learning or a

play13:12

frustration for a future success and

play13:15

unless I quit in the middle all those

play13:17

failures will bring the success later

play13:19

it's just making a matter of making

play13:21

small bets small bet here small beted

play13:23

there and maybe something will work out

play13:24

I also decided to at the same time I

play13:27

build stuff I'm going to try to share

play13:28

this publicly so that people can see it

play13:31

so that if my app goes wrong if nothing

play13:33

happens then in the worst case maybe

play13:35

I'll have created a little following

play13:37

that's for the next project that I can

play13:39

use to get some eyeballs and not

play13:41

starting again from zero with a

play13:43

reignited passion and a new approach to

play13:46

entrepreneurship Mark starts to ship the

play13:49

first app I build is called mood to

play13:50

movie it's basically an app that match

play13:52

your mood and recommend you movies based

play13:55

on how you feel and then habits Garden

play13:57

it's like a little habit tracker I got

play13:59

around 10,000 users which I was super

play14:01

proud of because it's like also like

play14:02

it's helping people to get better in

play14:04

life I was so happy I worked on a tool

play14:07

that ranks productivity tips I built a

play14:10

landing page generator so you input some

play14:13

text and it's going to create an entire

play14:15

website for you with text images and

play14:17

buttons I created a link in BIO tool for

play14:19

entrepreneurs where uh you can show your

play14:22

entrepreneur resume Mark launched six

play14:25

projects in 7 months but he was still

play14:28

facing a big problem income he was only

play14:32

making $1,000 a month and he needed to

play14:35

figure out how to crack the code to make

play14:38

more money I start to make painkiller

play14:40

apps where it's actually solving a

play14:42

problems like I try to focus on that and

play14:44

I also try to focus on apps that that

play14:45

are not free that like users at some

play14:47

point have a pay wall the fact that I

play14:49

was shipping painkillers means something

play14:51

people know their struggle they know

play14:52

their pain so I come up with a solution

play14:54

so it's much easier to sell than a

play14:55

vitamine where like the Habit tracker

play14:57

for instance where it's fun but you

play14:59

don't necessarily need it I try to get a

play15:01

new approach of like launching viral I

play15:03

would focus on the launch part try to

play15:06

get as many ice balls as I can and I

play15:08

started to make those like skit where I

play15:10

would go on a podcast with jogan or I

play15:13

would be on a movie with Leonardo

play15:14

DiCaprio and this did really well like

play15:17

people felt that I was having fun and

play15:19

that's where my Revenue went from like

play15:21

around $1,000 per month to I think it

play15:23

was around

play15:27

$4,000 in 2020 3 mid 2023 I had built

play15:30

somewhere around 10 to 15 products and I

play15:34

realized I was doing the same thing over

play15:35

set up a landing page deploy it add a

play15:38

button for people to pay send them an

play15:40

email create an account I was like What

play15:41

if I just create a little code base that

play15:43

I can reuse for every new project that I

play15:45

create so whenever I have a new ID I can

play15:47

make it faster I can ship it faster I

play15:49

did that I built it I think in like less

play15:51

than a week and I was like this is super

play15:53

cool why not just putting a price tag on

play15:56

it and offering it to other developers

play15:58

if they want to use it but I remove

play16:00

expectations from anything that I would

play16:01

launch I told my wife like hey you know

play16:03

maybe we'll make 100 bucks that would be

play16:05

nice I shipped the product went skating

play16:07

and I came back home opened my dashboard

play16:09

my strap dashboard like after 2 hours of

play16:11

skate I was like I made 500 bucks which

play16:14

is what I would make in like a week an

play16:16

entrepreneurship before in 2 hours I was

play16:18

like something is going wrong like I I I

play16:21

really couldn't believe it and then the

play16:22

next day I had made somewhere like

play16:25

around3 to 4,000 and I was like what the

play16:27

is going on like I would make my

play16:30

best monthly salary in one day it's just

play16:33

insane I think the first month I made

play16:35

around 40,000 us the second month on

play16:38

November for the Black Friday that day I

play16:40

made S I think $8,000 I very surprised

play16:45

it was steady around like $50,000 a

play16:47

month except in November where there was

play16:49

like a burst at 65 and I realized one

play16:51

thing is product Market fit when it hits

play16:54

it's like it's there you can you can

play16:56

feel it I would receive messages from

play16:58

people that say like hey I cannot pay

play16:59

using your credit cards you except

play17:01

crypto like you would have people like

play17:02

ask me like to give me money it's the

play17:04

first time ever never usually I'm trying

play17:06

to convince people to give me money for

play17:07

my product I felt so happy I couldn't

play17:10

sleep at night I was awake looking at

play17:13

emails looking at the stripe dashboard

play17:14

going up I don't know it's a pure blee

play17:17

feeling it's just insane and receiving

play17:20

those messages from people who's like

play17:22

thank you you changed my

play17:24

life for me is like it was I don't know

play17:26

if I can ever be happier than that

play17:30

[Music]

play17:32

so the launch gave it an initial boost I

play17:34

also did uh lots of like free tools

play17:37

marketing so I would build this like

play17:39

logo generator and then on the right

play17:41

side you would have a banner that says

play17:42

like uh are you building a startups ship

play17:44

it fast with ship fast and there's

play17:46

obviously the YouTube episode that came

play17:48

a little bit later added lots of Revenue

play17:50

to the product ship fast so it went from

play17:52

like $50,000 a month to somewhere around

play17:55

$85,000 on the first month then 135 in

play17:58

the second month 135 in the third month

play18:01

and now it's slowing down a little bit

play18:02

to somewhere like around $80,000 a

play18:07

month okay so I do believe there are

play18:09

multiple people living up there and

play18:11

there is one that's very strong and that

play18:13

always thinking is telling you stuff is

play18:15

overthinking it's blocking you from

play18:17

making the first step it's going to find

play18:18

a good excuse for this idea to not work

play18:21

it's going to tell you that the idea

play18:22

you're working on is not perfect enough

play18:24

enough to be launched so my advice would

play18:25

be to it's cliche but it's start

play18:29

anything start make the smallest version

play18:32

of your app as fast as you can and the

play18:35

second part learn where you're

play18:37

comfortable sharing your ideas if it's

play18:38

text go on Twitter if you're comfortable

play18:40

with videos go on Tik Tok if you're

play18:42

comfortable with images and you know how

play18:44

to tell beautiful stories with one image

play18:45

go on Instagram and learn how to blend

play18:48

those two things together and see how

play18:50

things react I failed 30 startups around

play18:53

that but if you don't quit then at some

play18:54

point you'll win it's just a matter of

play18:56

not quitting before you win start now

play18:59

and ship fast that's Mark's formula for

play19:02

being a successful online entrepreneur

play19:05

but here's the problem when you're

play19:06

starting out and when you have an idea

play19:08

for something you don't really know a

play19:10

whole lot about what to do you don't

play19:12

know necessarily if the idea is good you

play19:14

don't know how to validate it and you

play19:15

don't know how to monetize it well the

play19:17

best way to learn is to talk to people

play19:19

or study people who are a few steps

play19:21

ahead of you that's what starter story

play19:23

is for it's a library and community of

play19:25

inspiration practical advice and stories

play19:28

that you can apply to your own business

play19:31

to give you a sneak peek of what that

play19:32

looks like I'm going to be giving you a

play19:34

free download of 50 plus solo developer

play19:37

ideas just like marks that will give you

play19:39

ideas and inspire you for your own thing

play19:41

it'll give you a bunch of winning ideas

play19:43

strategies and other cool information to

play19:46

help you go from 0 to one just click the

play19:48

first link in the description and we'll

play19:50

send it to you for free also if you're

play19:53

serious about building your business

play19:55

come join starter story and we will help

play19:57

you do that I really hope you guys

play19:58

enjoyed this Underdog I'll see you in

play20:00

the next one peace

Rate This
β˜…
β˜…
β˜…
β˜…
β˜…

5.0 / 5 (0 votes)

Related Tags
EntrepreneurshipStartup JourneyFailure to SuccessSolopreneurProduct DevelopmentIncome GrowthBusiness StrategyOnline BusinessTech EntrepreneurSelf-Made Success