In this episode, Dave is excited to welcome Steve Cunningham. Steve is founder of Readitfor.me, one of the most unique and exciting breakthroughs in personal growth and development released in a long time. In fact, Dave liked it so much he became a customer! Readitfor.me, is a service that delivers a summary of a best-selling business and personal development books to their members every single day.
Their mission is to:
Read it for me is used by some of the largest corporations in the world, as well as many major influencers and entrepreneurs. In fact, Tony Hseih, founder of Zappos had this to say about readitfor.me, "We use Readitfor.me here at Zappos, and we love it. Pursuing growth and learning is one of our core values, and Readitfor.me lets us do that in a fun and engaging way."
Steve holds the record for shortest law career ever, one week. He had gone to school for law and business, but within a week found that law was not for him, so he went into a family business and started a media company within it. In order to perfect his craft, he begin to study and perfect social media techniques for meeting influencers and acquiring clients many years before it really became popular.
He also studied and read voraciously as many books and materials he could get his hands on about business and entrepreneurship. He found that many of the potential clients he was meeting with were entrepreneurs and one of the best ways to build rapport was to see what books they had on their bookshelves and discuss them. But the funny thing was that many times, they would admit, they actually hadn’t read the books…they just had them on their bookshelves!
This gave Steve an idea. He could take those business books that everyone wants to read, but doesn’t have the time and condense them down to a 10 minute read, or a quick audio or video. He could then use it to open doors for his content marketing business and use it as a case study to show how things can go viral on social media and grow a business. And that is exactly what happened. Within a very short time, the summaries were shared all over the world, put in email newsletters, and shared on social media. Steve even starting getting calls from venture capitalists.
So a case study, an experiment to gain new clients for content marketing, very quickly turned into a business and recently, Steve stopped doing content marketing and social media services all together to focus on Readitfor.me full time.
Make sure to pay attention at the 7 minute mark when Steve talks about the “in-between moments.” Also tune in at the 10 minute mark where Steve talks about going from knowing nothing about creating and starting an online e-learning business to creating Readitfor.me. It truly proves that anything can be learned.
Steve talks about his tipping point when he did 10x his sales in one month. The key to this was to go HUGE and create an absolutely off the wall offer. And it worked
That is the offer Dave saw that was limited for a very short window and bought the service. What did Steve do? He went from a monthly/annual subscription to a lifetime subscription for a ridiculous price! He only does this for very specific partnerships. His thinking was, "Why plod along and get a subscriber here or there, when you can offer something of such ridiculous value that it is too good to pass up." His rational was, "If I make it such a good deal and get a million clients in a shorter time, it’s the same as getting subscription clients 1 by one over many, many years."
The response was insane!
Here are Tips and things Steve has learned in building Readitfor.me:
Top Books Recommendations from Steve:
Goal Setting and Task Performance (From an old text book delivered via module at Readitfor.me
Best Quote: “Always challenge assumptions you are making and why you are doing what you are doing…”
Steve's Misfit 3