Episode of My First Million with Sam Parr and Shaan Puri.
Transcript
Note: This transcript was auto-generated from YouTube captions. It may contain errors and lacks speaker identification. A full Gemini audio transcript will replace this.
Kind: captions Language: en [Music] there’s this guy named sam evans do you know sam evans sam ovens uh is that the uh very like slick-backed hair guy yeah what’s his thing consulting.com so he talks all right so this guy named sam evans he rubbed me the wrong way for a long time and looking back i think i was actually wrong and he seemed like an alright guy so he had this website called consulting.com which if i had to put it at its worst it was basically a course that was like two thousand to ten thousand dollars that taught you how to start a business at best it’s like it like it’s an accelerator and the reality is it just like is a way to like it’s like a community and a course on starting a company and he scaled it to like 30 million in revenue and it was just him and he hired all these people and built this office in new york and he was posted on social that they’re doing 50 or 60 million in revenue and then he vanished and he had a youtube video come out today that says and he and he just says i’m back he’s like for the past two years i hated life we scaled too quickly and so we were spending like 50k a day on facebook ads and we weren’t even making that much profit so i decided to change everything and over the last two years we’ve crushed it he goes for example in january uh this course he goes we got rid of like there was three courses now we only sell two or one and last month in january we made eight hundred thousand dollars in revenue and our expenses which includes payroll and buy and paid ads was sixty thousand dollars and so basically this guy and and then he launched this new company called school which is basically like a facebook groups alternative because when he was launching courses he was like you stink so that is a different story that’s actually cool but this course business this guy has now basically let’s just times it by ten so eight million in revenue with six hundred thousand dollars in expenses is that nutty or what is that crazy yeah but it depends is that sustainable and also is that gonna grow so for example i know i don’t think it’s gonna grow but i think it could be sustainable when i did the like all access passives like i was making whatever 50k a month off of the newsletter i paid newsletter making 50k a month what were my expenses it was like you know 300 a month for convertkit uh you know like a va for 500 a month whatever so it looked nutty but like that’s because i had an audience so i could just sell into that if i wanted to grow it i would have had to like you know my expenses would have had to gone way up right you know like so it depends where yeah maybe his ad spend is really low now is that because his ads are ultra efficient or is because he had a long a big list no they said that they don’t they don’t spend ads anymore but previously they had spent millions and tens of millions of dollars of ads so the website definitely already has yeah uh traffic traffic yeah so yes it’s not like i talked to somebody who worked there um pretty early on so i was like this guy legit like he’s legit he’s good um they’re like he he lived in new zealand or something like that he’s a digital marketer uh then he has consulting.com which is basically like they had a course they had a consulting accelerator and they’re basically teaching people how to start their own business their own consulting business and uh they said they told me at the time that there was like 10 million dollars of free cash flow a year and they said that um there it was about 30 million or something in revenue they said like half of that so like 15 16 million was coming from one product which was a two or three thousand dollar course about how to start your own consulting business and then from there they upsell you into the five thousand dollar course about how to create a course and then uh once you get to five hundred thousand dollars in consulting revenue then you get to join a mastermind that will help you get to a million dollars plus and that’ll cost you 25 or 50 grand or something like that and so that was their you know that was their model but you know half of it was coming from that kind of like entry level two to three thousand dollar course um where they like kind of sell you close you on the phone to like get you to buy the course which is yeah i went through the funnel to like so i got him to sell me online or to do the phone call and i was like i want to figure this out it’s pretty good man and i gave the guy a hard time because he’s just kind of weird he just comes off serial kill he kind of patrick bateman he’s kind of like the patrick bateman of our of our friend jack smith like the american psycho version of our friend jack smith so he’s like just like a little off but that’s actually really incorrect of me to say because i don’t i think he’s just an oddball which is totally because i don’t know the guy yeah i don’t know him and i think that my judgment is just totally wrong i think he’s an all right guy yeah i think it’s wrong because it’s all based on his haircut no i watched a lot of this guy’s videos and i was like something is off here and i he was he was aggressively selling he is it was the type of guy where you selling like a private jet uh like a video on a private jet right so that’s not wrong but it’s it’s it’s you know your cousins with wrong um and so i think that it was just kind of odd you