How He Got 10,000 Interested In Product Before Launch with Scorely CEO Shawn Porat

shawn-porat

In Episode #470, Nathan interviews Shawn Porat, founder of Scorely, Judgment Marketplace and Fortune Cookie Advertising. He’s a VP at Mark Echo Enterprise and a contributor to Forbes, Time, and Money Magazine among others.

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Famous Five:

  • Favorite Book? – N/A
  • What CEO do you follow? – Elon Musk
  • Favorite online tool? — N/A
  • Do you get 8 hours of sleep?— Never
  • If you could let your 20-year old self know one thing, what would it be? – “Work with others and meet as many entrepreneurs as you can”

Time Stamped Show Notes:

  • 01:53 – Nathan introduces Shawn to the show
  • 02:17 – Scorely is a business credit bureau
    • 02:23 – Started 6 months ago
  • 02:35 – Shawn is trying to get more small businesses in the platform for free
    • 02:53 – Subscription plans
  • 03:15 – Scorely is currently on pre-revenue and will launch in 3 weeks
    • 03:25 – 10,300 people in their launch list
  • 03:48 – The idea of Scorely started 3 months ago
    • 03:54 – They’ve partnered with different government agencies and businesses
  • 04:25 – The chamber of commerce
    • 04:30 – The members have been informed they can get access to business reports through email blast
  • 05:11 – Scorely is the first in the industry
  • 05:25 – Scorely charges between $ 120 to $ 200 per report
  • 06:04 – Scorely focuses on small businesses
    • 06:10 – Recovery of Judgement’s credit report
  • 07:25 – Some companies charges small businesses too much for credit reports
  • 07:45 – They are now free as they want more small businesses to learn about Scorely
  • 08:06 – Small businesses want credit reports because of a lot of reasons
    • 08:08 – Small businesses need loans
    • 09:00 – Scorely can recommend small businesses to banks
      • 09:15 – Goal is to get a loan with the smallest interest
  • 09:30 – Shawn telling Nathan how Scorely works in Nathan’s business scenario
  • 10:28 – Shawn gets 1% – 5% from the loans
  • 10:52 – Number of business loans made yearly in the USA
  • 11:45 – Shawn is still learning a lot
  • 12:20 – Judgment Marketplace
  • 13:48 – Scorely raised $ 250,000
  • 14:05 – Team size
  • 14:30 – Toptal as a freelancing site for developers
  • 15:48 – Connect with Shawn through his website
  • 18:00 – The Famous Five

3 Key Points:

  1. You can’t do everything alone.
  2. Bring your ideas to life.
  3. Make a good action plan in starting a business.

Resources Mentioned:

  • Toptal – Nathan found his development team using Toptal  for his new business Send Later. He was able to keep 100% equity and didn’t have to hire a co-founder due to quality of Toptal  developers.
  • Host Gator – The site Nathan uses to buy his domain names and hosting for the cheapest price possible.
  • Freshbooks – The site Nathan uses to manage his invoices and accounts.
  • 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.
  • Assistant.to – The site Nathan uses to book meetings with one email.
  • Acuity Scheduling – Nathan uses Acuity to schedule his podcast interviews and appointments.
  • Drip – Nathan uses Drip’s email automation platform and visual campaign builder to build his sales funnel.
  • ShawnPorat.com – Shawn’s website
  • Show Notes provided by Mallard Creatives

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