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Jon McNeill

๐Ÿ‘ค Speaker
610 total appearances

Appearances Over Time

Podcast Appearances

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

And it forces you to think way differently about how you would solve that problem or what you would do with the product or what you would do with a process, et cetera.

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

And so like you're referencing this example of, he came to me and said, hey, look, we have continuous demand challenges.

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

We got to figure out how to sell cars online, which sounded crazy at this time because nobody was buying $120,000 things sight unseen online.

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

Click, click.

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

But we both knew, because we'd both been in consumer,

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

that every click you have, you ask the consumer to make, your conversion goes down.

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

And that's, I'm saying an obvious, every entrepreneur in e-comm knows that, but we looked at our clicks and there were 64 clicks to buy a car.

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

And so he turns to me, he says, let's improve digital sales.

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

This is your goal.

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

Improve digital sales by 20X.

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

So now it's like, oh crap, I got to think way differently about this.

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

I can't think about like tweaking here and there.

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

And so he said, how many clicks does it take to buy Domino's pizza on their app?

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

I have no idea.

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

He's like, let's pull it out.

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

So we pull it out.

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

It turns out it takes 10 thumb taps to buy a Domino's pizza at that time.

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

He's like, we are 64, Domino's is 10.

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

Let's go to 10.

My First Million
Ex-Tesla President: The Unconventional Ideas Behind Tesla's Hypergrowth

And the first thing then that that calls into question, it was a core tenet of the business at that time, which was producing custom build-to-order product.