Marc Randolph: Co-Founder of Netflix of The Truth of Money

Marc Randolph is one of the most influential entrepreneurs of our time including creating one of the biggest companies in the world, Netflix. In this special episode, we have collated some of the best bits of Marc and Rob’s conversations, particularly focusing on the truth about money, the success behind Netflix and the subscription model and the future of the creator economy. KEY TAKEAWAYS  In the current creator economy, anyone can create their own subscription model business. A subscription model allows a business to take more risks because as long as they are still providing enough value, they can try new things. They also have the predictability of revenue. Big companies can be restricted, they can’t risk their main revenue stream which can stop them from pivoting and adapting to new ways of the world. Give your customer flexibility, as what you want to understand is if you are doing a good job or not. As an entrepreneur you can’t forget or abandon ideas, you have to take action. You need to have the occasional genius content, then you need just enough to keep people around. BEST MOMENTS  “We had a better way of finding movies” “There’s a contract between you and your customer…over time am I creating value?” “We’re willing to spend more to acquire a customer” “TikTok is one of those things where you don’t get 3 million views every time you post something” "Being an entrepreneur is the best job in the world...you get to self-direct your day" VALUABLE RESOURCES For access to Rob’s FREE toolkit including video training and resources, head to bit.ly/robtoolkit http://rob.team bit.ly/Robsupporter https://robmoore.com/podbooks ABOUT THE HOST Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur” “If you don't risk anything, you risk everything”   CONTACT METHOD Rob’s official website: https://robmoore.com/ Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn: https://uk.linkedin.com/in/robmoore1979   Learn more about your ad choices. Visit megaphone.fm/adchoices