The Top Entrepreneurs In Money, Marketing, Business And Life

Nick Gray, founder and CEO of Museum Hack. Nick thought museums were SO BORING!! Before he launched Museum Hack, he used word of mouth to advertise his idea and give free museum tours to his friends. Now his business is making over 1 million dollars per year. Famous Five: Favorite Book? – The Power of Full Engagement What CEO do you follow? — Jeff Bezos Favorite online tool? — Revue Do you get 8 hours of sleep? — No. Use SleepTracker. If you could let your 20 year old self know one thing, what would it be? – Do less drugs. Time Stamped Show Notes: 01:40 – Nathan introduces Nick Gray 02:15 – How did you get into museums? 02:25 – “Renegade museum tours.” 02:40 – Revenue comes from charges for live tours 03:00 – Launched in 2013 03:10 – Over 10000 tours sold last year 03:20 – Total revenue was 1.3 million 03:30 – Average cost is $75 per tour 03:45 – Labor cost is $88 per person 04:15 – Net margin relies on high-end tours 04:40 – In the beginning, they got new customers from word of mouth 05:25 – First year reven