John Rampton: a startup guru who was ranked #3 among the world’s top online influencers by Entrepreneur magazine. John’s recently founded the online invoicing company Due, and is aiming to put Paypal out of business. Listen as John and Nathan break down online influence and how to dominate an incredibly competitive market.
Favorite Book? – Zero to One
What CEO do you follow? — Richard Branson
What is your favorite online tool? — Buffer
Do you get 8 hours of sleep?— No
If you could let your 20 year old self know one thing, what would it be? —To take a lot more risks
Time Stamped Show Notes:
01:20 – Nathan’s introduction
01:54 – Welcoming John to the show
02:00 – John’s spending the majority of his time working on Due
02:20 – Due is a platform designed to help businesses get paid faster
03:00 – ‘Every person in the world wants to get paid faster’
03:30 – Do makes money with a 0.5-1% fee on credit card transactions
04:10 – Launched 9 months ago; self-funded
04:30 – Transaction volume in February 2016 was about $4 million
05:10 – Made a little less than $40k that month
05:40 – ‘I like going into hard-to-enter spaces’
06:30 – John knows how to rapidly increase page rankings
07:25 – 20-30k people have used the site since it launched
07:40 – Goal is to become “Western Union for the modern world”
08:40 – So much competition: How do you beat Venmo, Paypal and Stripe?
09:30 – We’ve already had a multi-million dollar offer to buy
10:00 – We’re not interested in being bought at the moment
10:40 – John has invested close to $500k in this project
12:00 – John’s company Pixloo was acquired rapidly for over $10 million
12:40 – Patented the process of spinning a camera 360 degrees
15:20 – Sole founder of Pixloo; minor founder of Maplenorth
16:00 – Contact John on Twitter or via his blog
17:50 – Famous Five
3 Key Points:
If you know exactly what you’re doing, it’s possible to enter spaces with a lot of competition. If you don’t know exactly what you’re doing - don’t try.
Take risks when you’re young. Don’t be afraid to put yourself out there.
Try things that seem crazy. The worst people can do is say no.
Freshbooks - The site Nathan uses to manage his invoices and accounts.
Host Gator – The site Nathan uses to buy his domain names and hosting for cheapest price possible.
Leadpages – The drag and drop tool Nathan uses to quickly create his webinar landing pages which convert at 35%+
Audible – Nathan uses Audible when he's driving from Austin to San Antonio (1.5 hour drive) to listen to audio books.
Show Notes provided by Mallard Creatives