One, who was super disconcerting which was wrote something like I didnt find your persona or writing particularly engaging. You know what? So like, theres something called couponsplusdeals.com. Teach using video or teach using live sessions? Shaan has published Kindle test prep guides, and his guide to SAT essay writing has made the Amazon bestseller list. Roominate: What Happened after Shark Tank? Shaan: Yeah. . Everything. Ive seen a lot . ", Its like that. Like, theyll all give me offers. I was so cocky going in. Andrew: The thing that I wonder is, how much of it came because you were on the show? . What happened to Prep Expert after Shark Tank? Maybe Kevin will give me an offer. What kind of position are you hiring for? And the second if you want to do some, like, development without coding yourself, go check out bubble.is/mixergy. 5 Vic Flick: $500,000 Vic Flick is another expert appraiser that has appeared on dozens of episodes of Pawn Stars, over the years. The first, if you need to hire developers go to toptal.com/mixergy. Why didnt he do what Ive seen him do for others, which is to say, Look. Shaan claimed that many of the test prep students have won millions of dollars in college scholarships, and has been admitted to Ivy League schools. Lori stated that the electronic content is valuable, even though she understood that people wouldnt just sit and do it. Did you feel like you left other stuff behind? Ive seen some pretty crazy things, man. Shaan: Oh, dude, I am always late to everything. A year before the show they did $600,000 in sales and overall they have had $1.2 Million in sales from the past 4 years. All right. Mark asked Shaan if he would Continue his business even if he wanted to Medicine. You cant be a student too. He was inspired by his parents, who came to this country with $75 in their wallets and established a motel upon arrival. How did you go from that to suddenly $600,000? . I thought I was in a dream. And then once we got on the show, we got our platforms right, we got our delivery right, we got our instructors right, and we got our schedules right more than anything. And so I started getting more buzz around Vegas. 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. Shaan: Oh, yeah, definitely. LA also has a ton more test prep companies and competition. You have to supercharge it. Kevin stated that he was digging himself into a hole. He saw the results, obviously, speak for themselves in terms of the score improvements. Yeah, between Shark Tank and the Mark Cuban investment. And then he kind of stayed silent. ? Ariel is a freelance writer, Etsy seller, and Internet money-making quasi-expert living in New Jersey. And youve done some really interesting key things here that have allowed you to grow. Mark Cuban himself. And throughout the hour and a half, though, Im talking a lot about my work ethic, about how Im willing to work or I do work often 80 to 100 hour weeks and I have done that to write books to put together a business. So I realized in medical school that his business was taking off. Andrew: I get the disappearing on the world and doing it. He declared he would live out the American Dream that his parents had set out for him.. Im going to ask him what it was like to shake hands with Mark Cuban for the first time on national television. . . I think that he said he was making an acqui-hire that Prep Expert wasnt going to be my last business and that he wanted to continue to invest in other businesses, do other ventures with me. Im actually not familiar with Drop Ship Lifestyle. . , { We provide the most recent, unbiased accounts of the news that matters to you. Shaan told him that was a great question. The firm deals with General Practice law and was founded in 1934. Robert Herjavec also went out, stating that he thought Shaan was playing at business. Im not tied to that. To access 2400 Experts line of courses and tutoring sessions, you can sign up at the official website. Shaan: Yeah, yeah. Shaan: And the big thing about that is, like, I wasnt pitching them on my business. Andrew: Yeah. Shaan said that hes always been in school, but hes always been an entrepreneur her as well. So my parents they actually owned a little motel in Vegas. What is Founder Vesting and how does it work? All I did was word of mouth and let the business grow organically. Among the 14 million students who attempted the SATS exam, Shaan was one of just a few thousand who performed so brilliantly. And so Id say that the marketing and the investment was just like, the perfect mix of things for us. But it was way better and I became much more successful in a smaller pond like Vegas where I could really own it and become the biggest test prep provider quickly because there was not as much competition. I was a just entrepreneur and business owner that didnt know the first thing about digital marketing. Web2400 Prep Expert achieved over $1 million in sales in only three years, with a 40% profit margin. That clearly is not going to be flexible enough, its not robust enough. You did well. And you know what? Shaan: I dont personally code. Shaan: I love content marketing. Im investing in the person and if I invest in the right person, the outcome will be right, the outcome will be great. The money will be used to open six new locations. ? And we start teaching digital marketing thats been successful for us at Prep Expert. Mark and Shaans partnership has extended to a book for young entrepreneurs, too. Not only did Patel receive a full ride to the University of Southern California to pursue his degree in medicine, but he also received over $500,000 in scholarship offers because of his perfect 2400 score. And so thats what the investment was for. Six hundred thousand. To find out more about the other products featured in Season 7 Episode 15, check for our company updates below. And this is where the whole thing started. Daymond went out. I mean, Shark Tank gets you basically a free $10 million advertisement. Its bubble.io. And then two is actually the primary reason, which is the free marketing exposure. Mark Cuban is, obviously, one of the business luminaries in the world, billionaires and I just . Shaan Patel founded 2400 Expert in 2011. Let me introduce who you are. No, competitors are found as the idea and business model is new and not familiar with others as to start these type of business a taught knowledge and better achievements are required therefore the chance of competition is very minimum although a company called McCue is operating similarly as Prep Expert, they collaborated with Prep Expert, as Mark Cuban is a common Shark in both companies. I was getting paid to go to college. And now, you know, I think most people are migrating to Zoom. So why dont I just pivot the business? And that ended up working out really well. View our statistics & graphs to see how it holds up. Exactly. Were going to come back and find out what happened as you were switching away. Trunkster: What Happened After Shark Tank? Thanks so much, Shaan. I dont know if my college knows about that, but thats okay. Mark Cuban, though, seemed interested. Hell step in when needed. But why dont we take a moment and just go back and get to know who you are and how you built this up because what you had before, it seems like a nice little business. Were talking about . Shaan: Yeah, it was about $600,000 annually. Thats really amazing. We can co-author a book with Mark Cuban and sell 10 times the amount. So you can check that out at clearhatmarketing.com. Lets go find out where you were before, how you got to the $600,000 mark, what happened that allowed you to grow beyond. He started talking about his nephew who could use the book. Shaan: Because of the show or because of the . You also seem to be on anything thats SAT related, like best piece of advice for taking the SAT is shockingly simple. Thats from Business Insider in France, right? She went out. And I see it. You can go check out Bubble. He accepted a $250,000 offer from Mark Cuban for a 20% stake, valuing the company at $1.25 million. Prep Expert is currently becoming the widely used SAT and ACT prep resource, especially amongst students and parents. Shaan: You know what? At that time, I didnt know anything about it, but I knew that it was a good thing to invest in. I got to go for a completely free, no tuition. Robert let him know that a competitor who didnt have the conflicting interests would beat him in the business world. This was an extremely smart investment for Mark! And so they totally revamped our accounting. An update section for Prep Expert is included in the season 8 premiere, episode 801. . I obviously, know a lot about PR and media which I consider part of digital marketing because it helps you get amazing backlinks for SEO through PR and media. I would literally find every reporters email using RocketReach is a great tool for entrepreneurs out there to find peoples emails and I would pitch them. Thanks for liking this post. I say perfect strategies plus perfect practice means perfect score. In addition, it is constantly expanding and refining its methods for the best possible results. It was . And so yeah, I mean Zoom, I think is kind of the front runner now, though, with digital online meetings is my understanding. Shaan: Oh, man, I went to 100 literary agents and publishers and I was like, You know what? I was so excited. They want to expand her helping hands across the country. I didnt have the slightest clue on how to start a business or anything about marketing. Do you use that service? . "acceptedAnswer": { We werent doing it well. about how they built their business. . I was like, What if we teach digital marketing courses like we teach Prep Expert courses using the different strategies, etc. So, what that did is I was able to write strategies and write a book that was very easy to relate to. What Is Ryan Seacrests Net Worth? And I think thats how you should always pitch PR in media. Like, he kind of ripped me in the beginning. Through effort, they opened a motel and paved the way for Shaans success. Super talented guy. Shaan: Oh, absolutely. Shaan said that 2400 Expert was able to increase students SATs scores by 376 points in six weeks. Its going to be amazing. And every single one came back to me and was like, Dude, the SAT prep market is too competitive. They said I didnt have a platform to write the book. Shaan said that he was the face of the company, so a lot of the students want to take a course specifically with him. Will the sharks ace this deal on Shark Tank Season 7? If you work with Prep Expert SATs top-notch faculty, you may improve your SAT score and raise your chances of acceptance to some of the nations best colleges. 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. And got a scholarship of $230,000 which is a huge amount for an as normal scholarship they have other various school and college achievements before. . This year, he struggled hard and took the top position. And it continued to . Theres nothing in my contract like that. It was like, If youre not 100% in the business, theres going to be someone who is going to outwork you eventually. But then I think, you know, over the course of an hour and a half that I was in the tank, you know, America only sees 15 minutes on TV, but thats edited from the hour and a half that Ive been in the tank. Like, I had visualized it for almost a year at that point. -SPONSORED- Shaan: From my scholarship money. . . You probably dont know about these guys. I wasnt doing a great job with running is they cleaned up our books, they made amazing statements for us whether it was just simply things like cash flow statements and profit and loss, balance sheets, etc. Theyre even using the geek developer top-level domain, bubble.io/mixergy. Like, I was like, Oh yeah, weve done $1 million in revenue over the past few years. With 7 decades of experience as a musician and respected guitarist, Vic has been called in on several occasions to appraise instruments. . Geeks around globe can not confirm them independently and do not support claims or opinions being completed online. Andrew: So tell me about the issues you had going from offline to online. { And now you do so many things. , When Hector Salvidar first started Tia Lupita Foods, he just sold hot sauce. So it was just like the perfect company to go on Shark Tank because we had all of these parents and students signing up for our courses after they saw us on the show. Until about six months ago its been in an in-person, classroom-style class in Las Vegas. Im going to use the word elitist. Start hiring them almost immediately. And then I just got crushed and crushed and like my heart was sinking in the tank because I was like, This is not how I expected it to go.. . I mean, most of it usually involves like people going crazy on drugs similar to that, Id say. . Shaan said that he was able to get a full-ride scholarship at the University of Southern California. A new episode sees Mark Cuban, Shaan, and the ChangEd team addressing Las Vegass student loan debt. They now provide a wide range of options for students to choose from, including on-demand video courses, live online classes, individual coaching, and more. Shaan: You know, whats really funny about my audition is I thought I blew it. However, Mark refuses to accept Shaans response to an offer of $250K for 15%. 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. Andrew: I get the part about how you dont have a following essentially is what theyre saying. I mean, like, thats like he paid back his investment just with that. And thats really where 2400 Expert was born. Anyone who wants to get started including you, you can get 80 hours of Toptal developer credit when you pay for your first 80 hours. And then we got a Shark Tank investment, I brought marketers in. So what I decided was, I was going to ace this test. And I got a perfect score in SAT. And he was like, stone-cold, not interested. . Disclamer: the amount of Chris Hogan (finance)'s Youtube salary income and Chris Hogan (finance)'s Youtube net Ian McCue took the Prep Expert SAT Course as a 9th grader in high school. For more on companies and products, make sure to stop by our Season 7 Products Page. And thats a good start, but you cant stop there! Net Worth of Prep Expert. Andrew: I mean, where were you planning on teaching? He said that some of them have even gotten perfect SATs scores themselves. For my purposes, can they learn in a digital environment, in an online classroom, as well as they can in an in-person classroom? But its like creating that authority for yourself can make so many greater opportunities happen if you work on that initially. Mark still disagrees with the proposal, although Shaan asked for $300,000 to exchange for a 20 percent stake in the company.. Im just going to move on. You got $900 and then you moved down $900 from where? Shaan: I wouldnt say so. . Andrew: Like what? Why is being a wrong answer every time? Why is he one of the co-authors on your book with Mark Cuban? . I . I heard just the actual mechanics of it were a problem. 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 . . 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. He said that .02% or three thousand of those 14 million students had gotten a perfect score, and he was one of them. . "@type": "Question", Sean confirmed that he would. All your business is to Mark Cuban for the rest of your life. And nope, thats not true. He teaches one class a week online. Am I right? Shaan: Not to mention the co-authoring of the book. During an at-home segment, Shaan Patel revealed that his parents came to the US with nothing. And all because, Shaan, you tried to hire from Toptal. When Shaan is looking to hire he will talk to a matcher first. . Thanks, everybody. Whats the name of the business? He even called it his baby. Shaan stated that he would like to have 2400 Expert be a 20 million dollar Revenue business. So we white label, our courses, our pre-recorded courses to some companies and with our largest licenser we doubled the . Two things that prevented me from doing online to start with which is now we do mainly online classes, but in the beginning, this was 2010, 2011, I dont think the technology was that great with internet and online delivery platforms. . The company changed its name to Prep Expert shortly after appearing on the show. Kevin said that he was willing to give money to people who would die for their business. Thats what happens at Toptal. All you have to do, guys, if youre listening to me, go check out bubble.io/mixergy. I mean, like, you know, whats really funny about my audition is I thought blew! That initially audition is I thought I blew it a freelance writer, Etsy seller and... That point youve done some really interesting key things here that have allowed you to grow start, hes... Years, with a 40 % profit margin man, I didnt have following! 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