Prep expert (earlier as, 2400 expert.com) is introduced as an educational start-up that aim’s to provide various facilities and improve problems solving efficiency of various students who want to give SAT exams.
" He says, I scored a perfect score on the SAT and the ACT. Why Did Theorem Shutdown? How many extra customers did you get? Andrew: You scored a perfect score on the SAT. Shaan said that hes always been in school, but hes always been an entrepreneur her as well. It looks like Zoom froze up yet again. And thats great, but that will stop at some point. And the way that I did that was I [inaudible 00:20:53] every local news station in Vegas like top tips for the SAT as a segment to come on programs. Shaan stated that he would like to have 2400 Expert be a 20 million dollar Revenue business. And so, you know, when I was trying to decide what city to start my company and I was like, Well, LA is a bigger city. Lori went out, indicating that Shaan didnt know which direction he wanted to take as far as being a doctor or being an entrepreneur. . And so I think what really spoke to him was what Mark respects out of every entrepreneur, which is, I think he has a saying that says, Work like theres someone working 24 hours a day to take it all away from you. And I think he saw that I wasnt just going to let the business die because Im in school, I wasnt going to make it a second thing. . Andrew: Six million annual. Let me talk about my second sponsor and then well get back into the story. "acceptedAnswer": { You probably dont know about these guys. Shaan: Yeah. Andrew: So tell me about the issues you had going from offline to online. For a long time, I used to do all the PR myself. He sought a $250,000 investment in exchange for 10% of his company. . Its, I think 35% of the websites online now are published on WordPress. I had a lot of fun chatting today. Shaan: You know, what was really cool is our accounting book for that was just working my butt off to try to grow the business and revenue. . Shaans team grew from 10 employees to 50. Andrew: And he invested how much in the business and what did he get? . That helped you grow. Andrew: Right. The problem with LA is I just wasnt able to get students and then one day, a student from my high school in Vegas was like, Oh, I heard youre doing classes in LA. Eco Flower Shark Tank Update 2022, What Happened To AngelLift After Shark Tank? Shaans firm was a perfect fit for Mark Cuban, who built a fortune due to his belief in the need for education. Andrew: And does Mark Cuban own a piece of that too? And then what happens is I give them a great deal on the courses at the end of the webinar and its resulted in over $1 million in sales by basically taking something from the digital marketing world and applying it to the test preparation world. So that was one of the better things that . Shaan: Yeah, absolutely. And so if you build a great product or service, your customers, your first ones are going to start telling other people about it. -SPONSORED- My name is Andrew Warner. Right? . Prep expert (earlier as, 2400 expert.com) is introduced as an educational start-up that aims to provide various facilities and improve problems solving efficiency of various students who want to give SAT exams. I didnt pay for books, I didnt pay for housing, I didnt pay for food. Sure. Andrew: I mean, where were you planning on teaching? NonGamstopCasinos.net Lori asked Shaan if he wanted to be a doctor. He called his future success his parents American Dream. Well, how do you use it? The thing that I wonder, though, is theres so many SAT courses already, online, offline, ones that are brand new, ones that have been around forever. And I got a perfect score in SAT. And he was like, stone-cold, not interested. And what that did was it helped take our digital marketing to the next level. Thats my email. Check their Failure Analysis here! Mark Cuban himself. You know how I learned about it is I was watching a webinar by Neil Patel, Im sure youre familiar. The scholarship is open to seniors with at least a 3.0 GPA. All right. Shaan told him that was a great question. 2400 (Prep) got featured on Shark Tank America in January 2016. I was in Business School, Ive been through med school, Ive been through college and through all of that Ive had this business that Ive been running. I wanted to go after LA because of the bigger market. Andrew: I get the disappearing on the world and doing it. Does Patels growth is aided by the presence of a shark? How did you go from that to suddenly $600,000? So I had . Andrew: Because you know what it could do? Its just the best thing you can possibly have from a Shark. You tell Toptal what youre looking for, they search their network for the best people, they test the candidates, and then they present you with only the candidates who meet your individual needs. I mean, most of it usually involves like people going crazy on drugs similar to that, Id say. Earlier this year, Shaan Patel pitched his company Prep Expert, an SAT and ACT preparation institution, to ABC's Shark Tank panel. So instead, Shaan says hell be out of school to focus on the company for the summer. Andrew: From your college scholarship money. Youre going to pay as twice as much. Because he personally negotiated that. The company changed its name to Prep Expert shortly after appearing on the show. . Ninety-seven percent of the people who want to be Toptal developers in their network just get excluded completely. What were you planning on doing? All I knew about internet marketing back then was, its probably a good idea if you show up high on Google. Its for people who just look to publish a blog post or two. I saw that when I was looking at your traffic. Six hundred thousand. Its called Pitch PR. Top Free Invoice and Legal Documents Tool, Difference between Startup Accelerator and Incubators. Roominate: What Happened after Shark Tank? And as you mentioned, I was in school, so I couldnt teach all the courses anymore. Revolights Shark Tank Update 2022, What Happened To Eco Flower After Shark Tank? He even called it his baby. And the second if you want to do some, like, development without coding yourself, go check out bubble.is/mixergy. . We ended up hiring full-time for our needs, but were going to supplement with some Toptal developers in the future. It offers both virtual and face-to-face education from renowned SAT prep professors. And I would go . And so yeah, a lot of our traffic comes from our blog and vice as well as a lot of those blog articles end up going to PR and media, but just by pitches, but . You guys are on there. . He couldnt believe I was a published author. He was able to actually double the arrangement and how much we were getting on licenses. Here is the complete analysis! So search engine optimization has been . And so I was like, person 500 and something in line in New York City. Like Im using Zoom to record with you. But we cant be in every single city. I dont know how he figured that out, but it ended up working out really well for the both of us. I was visiting high schools, I was flyering different events. Shaan: Hes obviously one of the biggest marketing guys in the space. . Daymond to ask him what he would be using the money for it. I think youll be really happy that you did. So, you just spent three months going into hibernation and working this hard. There was a dude who was so interesting I had to hit Play on it because he had a man bun. Yeah, they definitely were. Louis Vuitton Business Model: How Louis Vuitton makes money? The company has an average SAT score improvement of 376 points in just six weeks. Then the dream came true when his desired school, the University of Southern California (USC), accepted him and gave him the scholarship to pay for his whole education. Shaan: Yeah. Again, obviously, if theres any parents . WebPatel went on to found 2400 Expert to help other students prepare for college entrance exams. And basically, its not necessarily for other digital marketers because digital marketers are already good at this. The company soon became well-known because it helped students raise their SAT scores by an average of 376 points Shaan wants a deal of $250,000 for 10% of equity by introducing their numbers that, over 14 Million students who took SAT exams only 3,000 get a perfect score and landed in better colleges for their further studies. }. I heard you guys had software issues. He started asking me about the book. . Shaan: So I was trying. Robert wanted to know how much the course cost for the average consumer. Mark Cuban is, obviously, one of the business luminaries in the world, billionaires and I just . Andrew: Got it. Robert told Shaan that he thought that 2400 Expert was a great idea, but he was challenged by the fact that Shaan was just playing at it. Your parents did what? How did Mark Cuban help you grow? And so I loved it because it was strictly you can just open up Chrome or Firefox and get into the classroom. But like I said, since then weve been doing about 6 million in revenue annually with 20 million coming in since [I heard 00:03:22] in 2016. So the first one was back in 2010, I made another good decision. . Andrew: Because they wanted to talk to the guy who got a perfect SAT score, who could give some tips to their audience and they did it at around the time of the SAT, Im guessing. Kevin stated that he was digging himself into a hole. Shaan: Yeah. Bubble says, You dont have to code. Difference between Heuristic and Biases and their types? I get how you started getting your first set of people. And so it was really hard for me to get students to sign up in Los Angeles, whereas . Through effort, they opened a motel and paved the way for Shaans success. So as soon as you find one or two of those that work, you just go to all of them and you see if you can get linked to on there. Coursera Plus Discount Offer | March Exclusive Offer Limited Time Deal on Coursera Plus Get Coursera Plus Annual for $199 with a Read More 12+ Best Statistics Courses With Certifications In 2023 Leave a Comment / Online Courses / By evelyn jones . Licensing effect: How it impact businesses? What happened to Hike Messenger? And thats equivalent to taking a student whos in the 50th percentile whos just average to the 90th percentile. I also saw Drop Ship Lifestyle sending you traffic. And many of them say, Yeah, I guess Im not that good. They want to be better and keep studying. Im not sure . So like, theres something called couponsplusdeals.com. Yeah. At one point, I think there were 15 people living in the motel all family members and a couple . It is typical for students to achieve 350 points over the course. Yeah. Shaan: Like Diwali and, like, holy . He didnt know I didnt have any students in LA, so I was like, Well, Ive got one student in Vegas and I know from my high school, etc. = Net Worth. So that was a big game-changer. So basically, I mean, my SAT score, the reason I wanted to write it is like it changed my life. Shaan is looking to sell a 10 percent stake in his company for $250,000. Next, he successfully achieved a band score of 376 points on average per person, which spurred him to create 2400 Prep Expert and train additional teachers. But first, Shaan, you talked about numbers. Its prepexpert.com. . Andrew: I get that. And we actually wrote a book together about kid entrepreneurship called Kids Startup. And that was a really cool opportunity. Since appearing on Shark Tank, 2400 Expert has changed its name to Prep Expert. He is passionate about writing and researching various topics. Most . Mark made him an offer for the $250,000 in exchange for 20% Of any businesses that Sean started. Shaan: I dont think there was much they could stop. The money will be used to open six new locations. Got it. I saw you on some local Fox Vegas TV show where you said what you need to do is just keep taking the actual tests or the people who put together the actual test-taking their sample test over and over and over until you get to understand their rhythm until you understand the question until they start to seem repetitive. Elderly Couple Dies After Unknowingly Buying and Eating Pufferfish, New COVID-19 Booster May be Coming But Public Interest Waning. I would say there was one big thing is that, you know, I was an average student that went to a perfect score. Like, theyre saying, No, you dont have to code. An update section for Prep Expert is included in the season 8 premiere, episode 801. All right. Shaan Patel, the founder of 2400 Prep Expert, is a tale of enthusiasm, dedication, hope, and defying obstacles. All right. They care about whats good for their audience. He told Shaan that a Shark investor wants to hear that an entrepreneur would be totally committed to the business. He said that the customer wasnt that high school student, but rather the High School parent. Disposition effect: Why it matters in business. For the sake of company development, he devoted his time and even completed an MBA online class from Yale to make room for the firm as he had no prior business experience. Shaan said that he would be open to taking a licensing deal with either Princeton Review or Kaplan. I didnt have the slightest clue on how to start a business or anything about marketing. . I wanted to hire more people, open in more cities, expand online. Find out in our 2400 Expert update. Shaan said that he was willing to give him an exact answer. And the first thing he says is because hes got a good sense of, like, what he needs to get your attention. . He started talking about his nephew who could use the book. . Yeah. He saw the results, obviously, speak for themselves in terms of the score improvements. Shaan said that numbers dont lie even when men and women do. Shaan: Drop Ship Lifestyle. You want to write a book. In what office? He has an impressive net worth of $15 million . So it was a worthwhile investment for both me and him. Whether Shaan desired to work as a doctor, Mark inquired if Shaan would keep his business going despite his desire to practice medicine. Shaan and told him that the in-person course cost just under $1,000 for 60 hours. Shaan: You know what? Shaan wants to find the solution and help as many students as possible to improve their SAT scores. Here is the complete analysis! Sharks found the idea interesting but they didnt want to invest in his business as they dont find any relevant business in it, therefore all sharks backed them except Mark Cuban who offers him $250,00 but for 20% of their company, Shaan countered them for 15% but Mark rejected it, again Shaan offers him 300,000 for 20% but Mark again rejected, finally Shaan accepted her offer. And MGM as clients. And then we got a Shark Tank investment, I brought marketers in. Who are the Competitors of 2400 Expert/Prep Expert? Shaan Patel of 2400 Expert who's sharing his strategy to get a perfect SAT score (2400) will appear on Shark Tank. There have been $1.2 million in sales in the last four years, and he generated 60,000 of sales volumes in the pitching year. Whats his work ethic? And then he kind of stayed silent. Andrew: Yeah. . I mean, Beverly Hills . Its bubble.io. } And it was pretty cool of Mark to be willing to put his name on the book with us and help us for the chapters. Shaan said that it was exciting because every year theyve doubled their revenue. . Shaan: Oh, man. Here is an update on 2400 (Prep)s net worth so far. During an at-home segment, Shaan Patel revealed that his parents came to the US with nothing. . Kevin argued that customer acquisition is the cornerstone of the industry. Daymond John, on the other hand, didnt want to take the ride with Shaan. Prep Expert is currently becoming the widely used SAT and ACT prep resource, especially amongst students and parents. They help students to know the exact level of competition they face during their exams. Andrew: So what did they do to stop you from seeing what was going on or to stop you from not going . And a big chunk of that you attribute to Shark Tank. He said that hes focusing on his business and order to scale it. Mark said no again. } I know you went very quickly to a couple of million dollars after being off the show, right? Shaan: So hes funny, and I heard he does this a lot, which is he just stays silent after ripping me. I would it say was one summer of just like forced studying thousand vocabulary words, putting together, you know, thousands of practice exams. To inspire the next generation of entrepreneurs, Patel collaborated with Mark Cuban and Ian McCue to write a book titled How Any Kid Can Start a Business. As of this writing, this book is being sold via Barnes & Nobles Create Space. You have entered an incorrect email address! He basically said, Were not going to work with you anymore unless you paid double. Everyone thinks, Oh, soon you have to give up. That was the mission. Andrew: By the way, speaking of marketing, so I went to Ahrefs.com. And what I did is I basically launched a automated webinar that I teach at Prep Expert for parents. I must have gone through 20 to 30 practice exams and I created strategies. He was registered in a public school located in the local urban area of Nevada, but that did not provide him with the education he sought. Shaan insisted that he was the hardest-working person that he knows other than his father. . I mean, we launched in a bunch of different cities whether it was Orange County, San Francisco, New York, etc. Im bad at it. Prepexpert.com. Get it, io like input-output. What Happened to Coyote Vest After Shark Tank? Andrew: You do. Why Drop Ship Lifestyle? So the weekend afterwards did about half as much as you did . Theres nothing like it. Why Did PRIM Shutdown? Lori stated that the electronic content would be a way to scale the business, even if only a certain percentage stick with it. Shaan remarked that he needs the Sharks assistance to expand his company throughout the country. . He wanted to know how he would be able to Market the product to customers who did not know that he exists, and would instead turn to known quantities like Kaplan and Princeton Review. That happened faster than any benefits you get from the money, any benefits you get from him and his advice. It was the most amazing moment in my life. Were they call like 2400 Prep or something at the time when he invested? After the show, they gets huge popularity and becomes a trusted company for SAT preparation they started expanding their business into various other parts of the country. Andrew: Thats a big thing that I . Mark and Shaans partnership has extended to a book for young entrepreneurs, too. 2400 Expert in person cost for the course is $990 for a 60 hour course and online is $590. . So, originally, I mean, I was trying everything. And . Prep Expert is most known for founder Shaan Patels debut on ABCs Shark Tank, where he received funding from the shark Mark Cuban. 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