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Dan Martell
- April 05, 2025
This is the biggest cheat code in business
Episode Stats
Length
25 seconds
Words per Minute
250.3864
Word Count
108
Sentence Count
6
Summary
Summaries generated with
gmurro/bart-large-finetuned-filtered-spotify-podcast-summ
.
Transcript
Transcript generated with
Whisper
(
turbo
).
00:00:00.000
The cheat code to business is not using other people's money,
00:00:02.760
but using the customer's money.
00:00:04.160
I call it customer financing.
00:00:05.560
When I just started off, Procter & Gamble
00:00:07.420
wanted to buy some software, but I didn't have it.
00:00:09.660
So I had to convince them to do customization
00:00:11.440
so that they would pay me money ahead of time
00:00:13.780
so that I could use that money
00:00:15.000
to then build the actual software.
00:00:16.620
And then I negotiated an IP ownership agreement
00:00:19.060
where I had the ability to resell that same software
00:00:21.960
to other people, which made me a lot of money.
00:00:23.940
And I still use pre-selling to this day.
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