Interview with Young Entrepreneur: Neil Patel

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Today we have a young entrepreneur, who is an inspiration to many people around the world.
Neil Patel is the co-founder of 2 Internet companies: Crazy Egg, and KISSmetrics. Through these 2 companies he has helped large corporations such as AOL, General Motors, Hewlett-Packard and Viacom make more money from the web. By the age of 21 not only was Neil named a top 100 blogger by Technorati, but he was also one of the top influencers on the web according to the Wall Street Journal.
NeilPatel Interview with Young Entrepreneur: Neil Patel
Here is the interview:

1. Please introduce yourself and your companies to our readers.

For those of you who don’t know me, I am a entrepreneur, writer, angel investor, and a marketer. Overall, I am just an average Joe. I am currently 24 years old and I am the owner of 2 .com companies: KISSmetrics and Crazy Egg.

2. Why did you choose Online Business?

I got started in the business world when I was 16 and at that time there wasn’t too many businesses I could get into other than on the web businesses. So in some way I didn’t have any other choice but to get into the online business world if I wanted to be an entrepreneur.

3. Your advice for people who want to start a company?

Stop thinking about all the details, just start a business. You are bound to stumble along the way, but you will figure things out as you move along.

4. Risks in starting a company and its remedies.

The biggest risk is that you are going to lose money. There really isn’t any remedies for this. But don’t let this stop you, sometimes you just have to roll the dice and take chances.

5. At an age of 21, how could you manage to get the money and support to start your own company? What was the motivation behind starting the company?

Borrow money from friends and family because it is the easiest way to get it.

6. Your advice for people who want to start a new blog or online business or online company and are still in schools or college (around the age of 20 – 21).

Just start a business. The younger you are when you start a business the better because you don’t have to worry about feeding a family and providing for someone else. Plus the younger you start, the more time you will have to succeed.

7. Your advice for new bloggers.

Write great content. This is the main way you are going to be able to build your readers is through good content. What I mean by this is write content that isn’t short, but instead descriptive. Don’t just write on the news, write on things that provide value to your readers.

8. Some of the strategies that you use to help your clients get more traffic and link baits.

Yes, I did use linkbait. I would write detailed blog posts such as how to guides, submit them to Digg, and push them hard until I got them on the homepage.

9. Order according to your preference – Stumble Upon, Digg,Delicious, reddit, Yahoo Buzz etc.

Digg
Reddit
Del.icio.us
Twitter
StumbleUpon
Yahoo Buzz

I am ranking them in order of link importance. Yahoo Buzz can be great, but most people will never get on the homepage of Yahoo.

10. What is your opinion about Twitter and Facebook, for marketing our blog/business. Which one do you think has more potential to drive more traffic/conversion?

Although Facebook has more users, Twitter has been more effective in driving traffic and conversions. This is mainly because Twitter is public, while on Facebook only your friends can see your profile.

11. I have seen many good articles going nowhere on DIGG. But a small piece of content submitted by a power user has more chances of getting to the front page. Don’t you think its highly unfair part of DIGG? Do you have any solution for this (other then telling us to be power user icon smile Interview with Young Entrepreneur: Neil Patel ).

It is fair, it is how Digg is intended to work. If everything got on the homepage of Digg, no one would be using it. As for getting on the homepage a lot of it has to do with the content you are writing. Things like “Top 10 lists” are getting old, you need to be more creative with your content.

12. What are the main requisites for youngsters starting a company?

There is only 1 requirement, they need to have a passion for whatever it is they want to start.

13. How big or small are your companies?

My companies are very small. They make enough money for me to live off of, but none are making large amounts of money.

14. What about the programming aspects of your sites. Do you outsource them or you do it on your own?

I outsource all programming and design on my blog. As for Crazy Egg and KISSmetrics, we do everything in house.

15. What were the major mistakes you did on your blog and business?

I have a lot… you can find them all here:
http://www.quicksprout.com/2009/02/15/15-things-i-wish-i-had-known-when-i-started-my-first-blog/
http://www.quicksprout.com/2009/01/25/7-reasons-my-first-business-failed/
http://www.quicksprout.com/2009/01/14/7-business-mistakes-that-nearly-made-me-go-broke/

16. How do you define Success?

If you are happy with your accomplishments, then in my eyes you are successful.

17. How could you manage to get big clients in the beginning days of your company ?

I managed them through project management systems like Liquid Planner. This helped clients see what I was doing and it made communication easier.

Some Personal questions:

18. How you spend your day?

I spend most of my day in meetings, responding to emails, and working on KISSmetrics.

19. Personal hobbies and interests?

I love watching basketball games, movies, and hanging with friends.

20. Some of your life’s ambitions?

I want to become a billionaire one day. I don’t know if I will get there, but I’ll try.

21. How about your contacts with the outside real world (other than blogging life)? Do you meet and talk to people often or will you be busy almost all the time infront of your computer?

I meet people everyday. I try to get to as many networking events as possible. And when I can’t I try to meet new people through the web and my blog.

Hope you all enjoyed the interview.
I would recommend everyone to read all the blogs run by Neil Patel, we follow most of the article each day and all of them keep inspiring us. All his blogs deliver a lot of value to the readers.

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