juggernaut
TRANSCRIPT
“If you double the amount of experiments you do per year, you’re going to double your inventiveness.” - Jeff Bezos
Coffee Downtown: A Way to Get Rid of Coffee
¨ Once-a-week, no-agenda meetup with free coffee ¨ Original idea to simply get rid of coffee and meet
new people. ¨ Morning meetings hadn’t faired well in the past for
us, so we were willing to try it out. ¨ Trial period of 6 weeks created. ¨ Investigated similar meetups around the country
¤ Free parking + Free coffee = Highest Conversions
Results
¨ Meetups went well, average 10-15 attendees per week.
¨ Every Tuesday, 8-9am ¨ Zero money invested to
start. ¨ After the 6 weeks, we
decided to keep going until coffee ran out.
¨ Happened around 3 months. ¨ Invested in a new 12-cup
coffee maker and additional coffee.
¨ High ROI ¨ Authority status
Investment
¨ 5 Large Folgers Coffee containers + filters + $15 Machine = Grand total of $53
¨ With an average of 10 people per meetup and 32 meetups hosted since we started buying coffee products, each person cost us $0.165 each week.
¨ (32)(10)=320 ¨ $53/320=$0.165 per person ¨ For less than 17 cents a cup of joe, we were able
to convert these coffee drinkers into our customers.
¨ Converted to $2,297.
Contact info
Zack Miller [email protected] @zackmiller84
hatchnorfolk.com/1000-four hatchnorfolk.com/hack
#NoWhaleHunting