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FS 017: CDBaby: A small-time musician with no background in tech and business, started with $500 and sold his business for $19+ million

Derek did not know anything about programming, he did not know how to start and run a business.

He did not have enough money. He just started with $500 and eventually sold his business CDBaby for $19+ millions.

Let us check out, how he did it.

 

What you will learn from this episode:

  • How he started because he had a personal frustration and there were no solutions out there.
  • How he turned rejections and channeled it to create his business.
  • He was not a techie but how did he build a website
  • Why he kept continuing, even after several months,he was earning a pathetic amount.
  • What kept him moving forward in-spite of all the hard-work and no money.
  • How he figured out the pricing for his service.
  • What Target market he stuck to and why he stuck
  • Why his business reflects his own personality.

Resources mentioned in this episode:

Anything You Want: 40 Lessons for a New Kind of Entrepreneur – A book by Derek sivers, founder of CDbaby.

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