EP 419: 30 yo does $6m 2015, taking over $5b+ Moving Industry with Cam Doody of Bellhops.com

episode

Top Founders 26 min 2 speakers 4 chapters transcribed

▲ 0

Transcript

jump: chapters · speakers · find in transcript

Transcript

Transcript generated automatically by AI and may contain errors.

What is the main topic discussed in this episode?

Nathan Latka 0:00

This is The Top, where I interview entrepreneurs who are number one or number two in their industry in terms of revenue or customer base. You'll learn how much revenue they're making, what their marketing funnel looks like, and how many customers they have. I'm now at $20,000 per talk. Five and six million. He is hell-bent on global domination. We just broke our 100,000-unit soul mark. And I'm your host, Nathan Latka. Okay, Top Tribe, this week's winner of the 100 bucks is Jose Avila. He is a 17-year-old that doesn't want to go to college and he wants to start his own business. For your chance to win 100 bucks just like Jose every Monday morning, simply subscribe to this podcast on iTunes right now and then text the word Nathan to 33444 to prove that you did it.

Nathan Latka 0:49

Folks, many of you heard I made a big league acquisition of a business. NathanLacka.com forward slash sendlater is the name of the business. And I didn't want to give up equity to a developer because I'm a business guy. So what I did is I used a website to find a guy named He Sheming. I paid He over $12,000 to help me build sendlater. And the site that I am using now is called Topdol at NathanLacka.com forward slash T-O-P. I will build SendLater into a big business and I will take it public by the time I turn 30. I'll tell you more later on in the episode. Top Tribe, this is episode 419. Coming up tomorrow morning, you're going to learn from Jordan Hales and how they went from $70,000 in 2015 to $100K already in 2016 with an info product for writers.

Nathan Latka 1:36

Top Tribe, what is going on this morning? Our guest today is Cam Doody. He's the co-founder and president of Bellhops, the largest and fastest growing tech-enabled platform in the $20 billion plus moving and delivery space. responsible for raising over $21 million in venture capital from some of the most prestigious investors in the world and recently awarded the 2015 Auburn University Young Entrepreneur of the Year. This is the second time on. Before you listen to the rest of this, go listen to the first time Cam was on in episode 56. That's nathanlaca.com forward slash the top five, six. Cam, are you ready to take us to the top? I am, man. Let's do this. Hey, so for people that maybe didn't understand from the first interview, tell us real quick, what does Bellhops do and how do you generate revenue?

Cam Doody 2:23

Yeah. So the idea around the way you should think about Bellhops is we are a completely new breed of moving company. taking on an enormous space. And like, so if you think about your options before you had two, it's either you rent a truck and beg your friends to come and help you, which is what most of America does, actually 75% are do-it-yourselfers, or you hire a local moving company. And the difference in price between those two options funnels, you know, 75% of the country into like giving up a weekend and sweating it out and being miserable. And, uh, and so bellhops is making full service moving experiences accessible for everyone, uh, in a really simple, uh, and enjoyable way. So we contract college kids all over the country, athletic college students, um,

Cam Doody 3:14

And our platform operates very similar to the way a lot of these consumer platforms operate like Uber and Postmates. But our bellhops pick up jobs, communicate to the customer through the app. It's just super simple. For the customer, we're delivering moving experiences at a fraction of the cost of what you typically find in the moving space because... our prices, our technology allows us to minimize a ton of fixed overhead. And we're really carving out that niche of that middle market, like the people living in apartments or one or two bedroom houses where moving companies have been overkill. We're now able to change consumer behavior And stop people from having to deal with the dread of actually moving yourself while also being an affordable, simple alternative to traditional movers.

Nathan Latka 4:11

And Cam, what are you guys at when I was reviewing the data from last episode? Is this right? You were doing about 400k per week in transaction volume, something like that?