Neil Patel – The Next Mark Zuckerberg!!!
I think Neil Patel is going to be the next Mark Zuckerberg, because he has already built 3 companies, which are all million dollar companies.
What makes it more interesting is the fact that Neil is just 28..
Well, it is an honor and a great privilege for us to share this insightful interview with Neil Patel, which was done by Mohammed Rafi.
1.) The best autobiography you have ever written, in less than 100 words, please.
Neil Patel is the co-founder of 2 Internet companies: Crazy Egg and KISSmetrics. Through his entrepreneurial career he has helped large corporations such as Amazon, AOL, GM, HP and Viacom make more money from the web. By the age of 21 not only was he named one of the top influencers on the web according to the Wall Street Journal, but he was also named one of the top entrepreneurs in the nation by Entrepreneur Magazine. He has also been recognized as a top 100 entrepreneur under the age of 30 by President Obama.
2.) According to you, why should someone read your interview?
I’ve made a lot of mistakes in my business career. And although some look it as a bad thing, those mistakes can actually teach others what to avoid and hopefully increase their odds of succeeding.
3.) Can you please share us your 24 hour routine for our readers to understand how you balance your life with such great responsibilities on your shoulders?
My daily routine can be found here: http://www.quicksprout.com/
4.) What is the reason that you are building all these companies, because when you leave this world you are not going to take anything from here?
I love solving problems. Although I am not rich, I have enough money… so now I work because I really love it. By solving problems that I am passionate about, hopefully I can make the world a better place.
5.) They say that failure is the stepping stone to success. However we see many people not able to come out of their failure and what can you share from your life experience?
The best way to come out of a failure is to learn from it and not make that same mistake that resulted in the failure again. The way I look at it is, you need to keep pushing forward, even when things aren’t working out.
For me, failure only happens when you stop pushing forward. So learn from your mistakes, and keep moving forward.
6.) In India, most middle class parents don’t allow their children to work until they complete their graduation. Having started your internet marketing consultancy while you were at school, what will be your million dollar feedback to the parents and our young hearts, on this?
Kids can do both. I went to school and ran a business. If your kids want something bad enough, there is always a middle ground that will keep them happy as well as you.
7.) What are the 5 elements that you need to build a company from scratch if you are stuck with lack of capital?
1. Solve a problem – you cannot create a good company without solving a problem that many people are facing.
2. Be scrappy – there are always ways to cut corners and save money. It may not be ideal, but you have to do what you have to do.
3. Hustle – do whatever it takes to succeed and never stop.
4. Find a business partner – when you don’t have money, it’s great to have a business partner. Someone who can help you, that doesn’t require a salary. This way you can get more work done when you don’t have money to hire others.
5. Focus – there is barely enough time in the day to run one business and solve 1 problem. So focus your time and energy on that 1 thing and nothing else.
8.) 3 secrets that you have not revealed to the world so far?
I don’t really think there are any great secrets. I actually reveal everything…
1. Work hard – no one gets rich overnight… it takes a lot of hard work.
2. Time is money – move fast because if you don’t, someone else will beat you to the punch.
3. Perfection is overrated – nothing will be perfect, so don’t strive for it. Strive for something else, such as creating a simple product with a great user experience.
9.) How can you help our readers to progress in their life?
Always be better than the previous day. Make small steps in your life so that you can improve day after day. After a year, those small steps will add up to a huge progress.
10.) With the advent of social media, is blogging losing on its popularity and your views on the future of blogging?
Blogging isn’t losing it’s popularity, its actually growing. Companies like WordPress and Tumblr are larger than they ever have been.
11.) What sort of traffic do you need for a blog to start earning from it and what are the most productive means of monetization with the current trends?
It really varies. For some blogs it is 5000 visitors a month, while for others it maybe 500,000 visitors. It all depends on your audience and your target market.
12.) What are the 5 most important things for you in your life?
1. Be happy
2. Be healthy
3. Love your family
4. Love your friends
5. Experience new things
13.) What prompted you to respond to my e-mail, from the thousand’s of e-mail’s that you receive on a daily basis?
I think it is rude not to respond to emails. If someone takes the time to email you, assuming it isn’t spam, you should at least respond back.
14.) I have heard people saying that if you want to make money then you should be an entrepreneur, what do you think about this?
There are many ways to make money and being an entrepreneur isn’t the only one. Most entrepreneurs lose money and fail. You can probably make more money being a lawyer or a hedge fund manager.
You should do what you love and not what makes you money.
15.) You are living in a country like US where there are millions of opportunities..Hypothetically what would be your solutions to eradicate poverty and inequality from the world and what will be your message to the people in countries like Somalia?
I wish I knew even a hypothetical answer, but sadly I don’t. If I knew of a potential solution I would actually go out there and try to do it.
For now, I just donate money as I hope it can help to solve poverty… even if that money doesn’t go far, trying to solve something is better than doing nothing.
16.) Which are the 3 countries you will watch out for, other than US in the next 10 years and why?
For me, there are mainly 2… India and China. They have such a high population, that it is a big opportunity for businesses to enter those 2 markets.
17.) Which 3 industries according to you will boom in the next 5 years and why?
Big data – companies have a ton of data and are trying to figure out how to get actionable insights from it.
Television market – I think someone is going to reinvent the TV and make it a much better user experience over the next 5 years.
Space exploration – it will become more cost effective for private citizens to go into space.
18.) Who is that one person whom you dream to shake hands with and why?
Elon Musk. He is one entrepreneur that doesn’t care what people think and he does whatever it takes to solve world problems. It’s rare that someone could have created 3 billion dollar companies (paypal, spacex, tesla)
19.) Your ultimate dream in life?
Solve a problem that makes everyone’s life in this world easier. I don’t know what the problem is yet, but once I do, I will let you know
20.) Resisting the temptation to fool your heart, what’s the feeling that’s going through your mind, rite now, after answering all the 19 questions that I have posed at you?
That you are a passionate guy. You care more about life than money and you like helping out other people.
21) Here’s my last one and a little different one from all your previous interviews – If you were to do a reverse interview, what will be the one question that you would want to ask me?
Why did you want to interview me?
Because of 3 main reasons:
1. I wanted to see how you have achieved so much thereby helping my readers to great insights from a successful entrepreneur.
2. As every blogger I thought that getting an interview from you will boost my traffic and it will bring credibility to my blog.
3. I love connecting with successful and interesting people like you.
We once again thank Neil Patel for taking his valuable time to give such an insightful experience for you.