Episode from the podcastSaaS Interviews with CEOs, Startups, Founders

EP 445: $20M in 2015 Infoproduct Revenue With "Degenerate" Customers with Timothy Sykes

Released Wednesday, 12th October 2016
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Timothy Sykes – the Penny Stocks Guru.
Famous Five:
  • Favorite Book? – Losing My Virginity
  • What CEO do you follow? – N/A
  • Favorite online tool? — Business Insider


  • Do you get 8 hours of sleep?—“I wish. I really wish”
  • If you could let your 20 year old self know one thing, what would it be? – “Don’t be so cocky”


Time Stamped Show Notes:
  • 01:42 – Nathan introduces Timothy to the show
  • 02:05 – Tim trades penny stocks and people attack him for doing it
    • 02:12 – Most people in a company fail
  • 02:53 – Tim was 17 when he got into business
    • 03:00 – Turned $12,000 into nearly $2 million
    • 03:30 – He’s getting more conservative now
  • 03:58 – First splurge
  • 05:00 – The price was $ 17,000 per share
    • 05:20 – Crazy volatility
  • 05:40 – ISCO stock price now
  • 05:50 – Causes of stocks going down
  • 06:03 – Tim is a short-seller
  • 06:25 – Tim defines short squeeze
    • 07:00 – “In order to cover your short, you have to buy it back”
    • 07:10 – Shorts are getting squeezed when the stock goes up too quickly
  • 07:25 – The stock market is not always logical
  • 08:25 – Penny stocks
  • 09:10 – Stocks are not scalable
  • 09:25 – Shorting requires a loan from a broker
    • 09:40 – “If there’s a scam, everybody wants to short it”
  • 09:45 - Tim’s strategy is ideal for people with small accounts
    • 10:05 – Stock of sponge company
    • 10:40 - HUSP
  • 11:07 – Research that Tim is doing to find out things about the scams
    • 11:17 – Created a tool StocksToTrade.com
  • 11:35 – Playing the volatility
  • 11:57 – Tim was on a TV Show that led him to start teaching stocks
  • 12:41 – First year revenue
  • 13:10 – Total revenue is 2015
  • 13:40 – How Tim uses the people who attack him to his benefits
    • 14:01 – Tim attacks companies and scam
  • 14:48 – Tim’s blog
  • 15:50 – Tim’s list size
    • 16:00 – People have to learn how to read the materials
  • 16:30 – Total number of unique customers since 2007
  • 16:41 – Selling DVDs and streaming DVDs
  • 17:31 – Tim made an apology posts
  • 18:05 – Tim’s parents work with him
  • 18:30 – Tim is giving to charities and foundations
  • 19:15 – Tim made $27M in 2016
  • 20:16 – Connect with Tim through his Twitter and Instagram
  • 21:50 – The Famous Five


3 Key Points:
  • It’s not always about the money – sometimes, imparting your knowledge is more important.
  • Don’t let people bring you down.
  • Try to find the good in the all the negativities. Make impossible, possible.


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 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.
  • @Timothysykes – Timothy’s Twitter handle
  • @Timothysykes – Timothy’s Instagram account
  • Show Notes provided by Mallard Creatives

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Episode Details

Length
26m 1s
Explicit
Yes
Episode Type
Full

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