How to Grow a Top 10 Podcast + Impatience with Action, Patience with Results [Sam Parr, Shaan Puri]
Download MP3The MFM guys talk about their stats, and reflect on what it takes to grow.
- big guest
- "how to" episode
- buy ads on niche audience - eg podcast junkie types - castbox, overcast
- be consistent and at least ok
- treat side hustle like a job -> grind at it
- maintain and improve an existing winner instead of constantly jumping around "there are no silver bullets, only lead bullets"
- impatience with action, patience with results
Transcript
uh in 3-1 so what was that march march
we did 338
000 downloads in april we did 436 000
downloads so
uh that's a 30 game about in may
it's tracking towards around 520 000
which is another
20 20 increase i think we can keep going
and i want to tell you what i think is
is causing all this
the first is
the biology episode so guests
typically we have found don't work that
well but a really
big name guest or someone that has a
cult following
like a tie or biology um that works
who's ty lopez oh tai lopez okay gotcha
uh when we did that one because he's
like cult following
and a cult unfollowing he's got both
yeah
yeah so that that worked so the
biology's episode is probably gonna be
the most listened
one ever um so that worked out
how much more is it than the usual is
like 20 more 50
more than a typical episode it got to 30
000
like in the first week typically our
episodes get to 30 000 over like
two months gotcha okay so it it did that
in like a week or whenever it was when
did it get released a week
days five days wednesday i talked to him
on the phone and he said yeah
a good episode i shared it so hopefully
that helps
and then uh he's down to share more but
we only tweeted out i think one clip
from it so he's down to share more clips
and he liked the
animation he was like oh like looks like
production value's going up
i was like sweet yes it is yeah uh
so that worked out well and then do you
want to announce what's working really
well is how to's
so any time a title is called how to
build a paid community
how to build paid events how to whatever
we've done
those rank the highest no matter what or
not no matter what but more often than
not so like in our top 10 most
downloaded stuff
it's either an interview with a huge a
well-known person
um which like an andrew would be a
well-known person or a how-to
blank so we have to do some more almost
like
they don't care about us and our great
ideas they care about themselves
learning something and being able to do
something they want to do
i think that's exactly what it is and
then it's ourselves peppered in there we
are the spice but
the meat is the how-to right and then
finally i got a last update um we're
running some ads on
do you know this thing called the
billionaire investors podcast
what's it called it's like a famous
thing is it we study billionaires is it
that one yeah i love that podcast if
you're looking to do it
yeah so we're running an ad on their net
on their network on that podcast i think
uh we bought it last week i think it's
gonna go live this week
then so there's two types of podcast
advertising that i'm learning about the
one
is what we do is people advertise now
hubspot advertises on our podcast
and people go to hubspot.com mfm
whatever
the other one is podcast platform so
like overcast have you heard of
overcast yeah like these clients these
apps you can use to listen to podcasts
yes and on those clients those uh users
click subscribe
and the strategy that i'm doing is what
we're doing is we are going towards
niche ones because those niche ones
typically have a far loyal following
and you could get low cost per click to
download and subscribe
and it makes sense because those people
if you are
you got to be a real podcast junkie to
go get like a new podcast app because it
has these extra five features about
podcasts so it's actually a really good
audience
that's probably really cheap because
nobody else really goes for them so i i
like the strategy a lot
and they're like they're techie they're
like tech they're early doctors
yeah and so we're running ads currently
on cast box
i've never even heard of them but it
looks cool and then overcast and so
those are some of the updates uh it's
going well okay what about the
so the ad on the we study billionaires
podcast what is it because i'm always
like
if i'm listening to a podcast what's
actually going to make me
go subscribe one is a guy comes on or a
girl comes on and they're a guest
like this happened with elaine elaine
came on our podcast she did ideas
and she said it was like i don't know
one of her biggest uh her newsletter got
like a huge spike in subscribers like
her next email send was
welcome all my new subscribers this is
amazing and she said she got you know
thousands of new subscribers from her
appearance on the pod which is great
and so that one makes sense because if i
go and guest on somebody's podcast
you listen to it for 45 minutes or an
hour because that's your favorite
podcast or that's what you listen to
regularly
and you might be like oh that guess was
cool they said they have a pod i'll go
check it out
i like that method and i'm i've said it
i got to do this i still have to go do
it which is
i want to go guest on as many podcasts
as i can that would be part my
contribution to this growth strategy
but this ad is a little bit different
it's just like a 30 second
sound clip what are we saying in that 30
second sound clip that's going to make
somebody want to subscribe
unfortunately it's not a clip i think
it's going to be stig the main guy
reading but frankly i don't know we just
closed the deal on friday
okay fair enough uh so i have to figure
it out but
we have our guys so we we got this team
uh henry and dylan
they're making like a height like a
sizzle reel right um and we might be
able to use that
but i don't know but i agree with you
like in theory i agree with you i just
don't know what's
what's available at the moment and we're
doing some other stuff to make it easier
to follow
so i'm emailing i've grown my email list
and this year
from zero to twenty six thousand
subscribers now
and at twenty six thousand i just sent
it out the first time last week
so just uh it's uh just seanpuri.com so
if you go subscribe there you get all my
emails but one of the weekly emails i
send now
is a podcast recap so if you don't have
time or you
listen to the pod while you're on the go
i basically take the best three bits
from that lat from the last uh the last
week of episodes and i say
this was the best idea this was kind of
the second most interesting idea here
was the third one
and so sent that out for the first time
and i think that will also make it
easier for people to like
follow along and if you were kind of on
the fence or you were
you're in and out you listen sometimes
you don't listen other times i think
that'll keep you on the hook
because and then i copied your email
like
from sean and i sent it to like 30 000
hustle people who clicked on a
my first million link in the past like
two weeks and we're actually gonna
increase that so it's like 100 000
people and my takeaway so far is
it actually might be good for the user
but shitty for our numbers
because you just get the information
without having to listen which kind of
sucks that that like has to be the case
yeah i thought about that but i don't
think that's actually how the world
works i think if you keep giving people
value
in every form that they want it short
form text long form
clips on twitter clips on youtube video
on youtube podcast audio
if you just keep giving people value
they will learn that
oh and whenever i want ideas whenever i
want to feel that
my wheels turning if i want to get that
juice that energy
um shawn and sam are the place to go to
get it and our
best raw the raw source the real
deal is in the podcast and so i
think over time those clips
they just bring people who are on the
fringes closer to the core
i hope that's the case and i'm betting
that's the case i'm putting my money on
that but
yeah yeah but it's a fear i and and i
want to bring this back to one thing
which is a lot of times we talk about
this inside stuff and hopefully it's not
like a circle jerk like oh we're awesome
yada yada
uh i'm revealing this because a lot of
people people like this i like it when i
hear other people say the numbers
but also i want to point that
i think we're doing really good but i
actually don't think
that we are good i think persistence is
good
and the reason why this is working is
because
persistence works quite well so we're
actually on we're
close to episode 200. we've been doing
this for uh
is it going to be two years two years
two years maybe in september or
august july something like that july and
i would say that we miss i i get sick
sometimes i miss stuff sean will miss
stuff because he had
a baby but we're pretty much always on
and at worst we're mostly at least
good uh like we're like it's typically
always at least
okay sometimes it sucks sometimes it's
really good
mostly it's okay and like
sorry mostly it's good i would say but
that consistency
is actually really important and we're
going to appsumo um
and i guess now in three weeks and
there's a great story
that noah told me or and basically no
kagan runs this company called appsumo
um it's a it's a weekly email where you
get deals on software
this year they're going to do 100
million in gross revenue
of which like 50 50 million is their
revenue it's a great business it's 10
years old
and he was like you know i realized
something that
this business that we're running it's
done really well but it didn't do well
at first
but everyone wants to know like why is
this doing so well and he goes
i really just put in 40 hours a week but
i just did it for
10 years and it has finally started to
pay off and turn out
and done really well and it's just like
it's just a job and i just but i do it
all the time and i treat it like a job
and that has paid dividends
and i think that more people who listen
to us
could kick ass a lot harder if they
treated their side hustle like a job
yeah i i would uh i agree with you
persistence is great the one thing um
that this reminds me of is
i got some advice from the ceo of twitch
emmett and um we so so when i got
acquired
uh when our team got acquired our
company got acquired we were put on a
special project
inside twitch and it was kind of like
one of the like
uh most people at twitch are working on
something that already exists hey this
you know people already use us
we're already the category leader you've
got to make it better make it more
profitable make it smoother make it
whatever it's more like maintaining and
improving
an existing winner and we were put on
this little
we're on the edge of the island and
we're the only team in the company
basically or
one or one of three teams that was
working on something that where we
weren't the winner wasn't proven
and so we uh it was considered like a
kind of a top priority so we did this
thing
uh every week the top my team would
present to the ceo the ceo and the chief
product officer
we had an hour with them every week and
in a big company you don't really get an
hour with those three people
every week that's like a very expensive
meeting as they say
and um because it was important and i
used to
go in and i would try to basically every
i feel like every two weeks i was
pulling a
a rabbit out of my hat trying to be like
and here's the new genius tactic that
we're gonna do and
this one is gonna be the one that works
and like
some of them did make an impact but
emmett had this observation where
he was like you know i feel like you um
have a lot of good ideas
and then every month we're we're
like sort of like on a weekly or monthly
basis when we sit here
it's always like yeah it's good but it's
not as good as we want it to be we're
still like
we're so small we want to be so huge um
and he's like you're impatient with the
results
and so i so i change one thing at the
top of every
um every update that you have to bring
in a memo
at the top of every memo um i was the
only person in the company that was
doing this everybody else their memo
goes straight into like
here's the weekly update here's how it's
going here's what here's what
we're doing next at the top i wrote in
bold
impatience with action patience with
results
i said that's our team motto i'm putting
it up here mostly for myself to remember
impatience with action that's what
impatience is good is when it's
you're being impatient by taking action
but impatience is bad when you're
impatient about results so i'm putting
at the top of this paper every
week
so we're all going to see it so that was
cool then the second
the second lesson came like six months
later nine months later when he was like
by the way you guys notice like we got
the results like
it's actually coming to fruition now and
if we look back
we can't say which one thing we did was
like
the big growth mover and he goes because
there's this uh phrase that i think
andreessen horowitz uses which is
or they made it more popular i guess i
don't know if they invented it but ben
horowitz has it in his book which is
there's no silver bullet there's only
lead bullets
and this is about this is basically
what that means is there's no silver
bullet strategy there's no one thing
you're gonna go do
that's just gonna magically like make
everything okay
make everything work um the only growth
strategy that
truly works over time is a
many lead bullet strategy which means
you fire you do a bunch of things
and you keep firing keep firing keep
firing until the you know
the thing falls over and finally finally
you break through and so i would say
this is a good and so that became the
second motto which is
remember only lead bullets and so that
that was those were the top of
every weekly update was those two that's
pretty good to catch myself
because i'm good but my what's my leak
my leak was
impatience my leak was looking for the
genius tactics
when all it took was lead bullets and
patience
and uh and so you know if you take away
one thing you know us talking about our
growth numbers
i think some people will like it because
they like hearing the actual numbers
it's great when somebody's like
transparent about things
cool we're at over half a million
downloads this month like monthly now
and we're trying to get to a million
some people will be like why do they
talk about their podcast number so much
but i hope the takeaway is forget about
how our podcast is growing that's
probably irrelevant to you
but you probably have a project you're
trying to grow and hearing how sam
thinks and talks about how he's growing
this podcast is gonna be
beneficial for how you do it okay how to
grow a thing
uh yeah back to our how to's i think
that um
and we'll move on but the last the
phrase that i've been thinking about
a lot lately is people overestimate
what they can accomplish in a year but
they underestimate what they can
accomplish in 10 years and decades
right absolutely and and that's kind of
an example here like we've been
frustrated on some month-to-month basis
or a week-to-week basis but like
it's kind of cool seeing these numbers
uh like really start pale