Everything Marc Lou said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Marc Lou: Selling existing knowledge via courses or books is easiest start
“And I think one of them is teaching what you actually know. You probably have a background, whether you've been studying something, you've been, I don't know, it could be a sport background, could be employee backgrounds, having a course, a book. I think it's …”
Lou: Subscriptions harm checkout conversions because buyers fear forgetting to cancel
“When you see a subscription, you're already thinking what happens if I have to cancel and I forget. And when you create objections in the mind of the customer at the moment they purchase, that is usually impacting your conversion rate.”
Lou: Early creators should share 'I' statements rather than instructing 'you'
“At the beginning, you don't know anything. So you want to start by using I and not you. So I did that. I learned that. And then maybe later in the journey, when you start to have a bigger following, you've learned a lot, then maybe you can start teaching and t…”
Lou: Hidden surcharges can push total Stripe processing fees to 6%
“I think that's where I spent the most money in my business, like probably 5000 dollars a month. They got three percent for the cards, plus an extra one percent if the card is not from Europe, plus an extra one percent if you're charging another currency, and p…”
Lou: Decreasing subscription prices over time creates high customer retention
“They were charging higher on the first month or they were charging you on the first month for a baseline that they show on their site. And then it decreases after like two to three months. And so as a customer, you don't want to cancel because otherwise you lo…”
Marc Lou vows to never raise VC, hire employees, or build slowly
“I will never spend months on a product. I will never raise money. I never have employees. I'll never do all the things that frustrated me in the past.”
Marc Lou: Building in public hedges against failed app launches
“I also decided to, at the same time I built stuff, I'm going to try to share this publicly so that people can see it, so that if my app goes wrong, if nothing happens, then in the worst case, maybe I'll have created a little following that's for the next proje…”
Lou: Mobile tracking app Pokémon Sleep generates $100M in annual revenue
“For sleep, there is Pokemon sleep, an app that was released, I think a year ago or something, which makes a hundred million a year.”
Marc Lou: Viral marketing skits boosted monthly revenue from $1K to $4K
“And I started to make those, like, skits where I would go on a podcast with Joe Rogan, or I would be on a movie with Leonardo DiCaprio, and this did really well. Like, people felt that I was having fun, and that's where my revenue went from, like, around a tho…”
Marc Lou: ShipFast monthly revenue hit $135,000 following a YouTube feature
“And there's obviously the YouTube episode that came a little bit later. Added lots of revenue to the product, ShipFast. So it went from, like, 50,000 dollars a month to somewhere around 85,000 dollars on the first month, then 135 In the second month, a 135 in …”
Marc Lou states he failed approximately 30 startups before succeeding
“I failed 30 startups around that”
Marc Lou lived with parents and earned $10/hr building first app
“As I chose a different path, I lived with my parents, working as a waiter part-time, like at night, basically, to make, I think, 10 dollars per hour. I was so arrogant that I spent a year working on this app.”
Lou: Six-Month AI App Venture Acquired Zero Customers
“It took six months to make an app, but we didn't get any customers.”
Marc Lou: Pre-sold an unbuilt software tool on a cold sales call
“Why don't you just try to sell it before you make it? I listened to him. I did exactly what he told me. I sent some cold emails, and I'm supposed to have the call with his business in Australia. It's the first time I do a, like, a call with a lead. I'm thinkin…”
Marc Lou: COVID-19 wiped out $4,000 MRR business in 24 hours
“Revenue went from 4000 dollars a month to zero in, like, 24 hours.”