Latest / The Christian Reeve Podcast / Karl Swanepoel | The Christian Reeve Podcast #198
Transcript
- 0:00Hello and welcome to another episode of the Christian Reef
- 0:03podcast. Today's guest is the founder and
- 0:05CEO of Revel answer. His name is Carl Swanepoel.
- 0:10Welcome to the show. How you doing?
- 0:12I'm doing well, thanks. Thanks for having me.
- 0:14How are you? It's a pleasure to have you man.
- 0:16And yeah, I'm doing very well. It's been a while since I've
- 0:18done a show in the morning, like, this must sound strange
- 0:22for anyone that's new to the show because a lot of the time
- 0:25when I do this show, I tend to have guests.
- 0:28Maybe likes a Stateside and there.
- 0:30In a complete different time zones I've got a kind of like
- 0:32try and adjust accordingly and I mean I don't mind either way I
- 0:35love just doing this show but you do have to kind of adjust
- 0:39yourself a little bit and you know, like maybe I'm caning a
- 0:43bit too much coffee around, 5:00 6:00 p.m. so it's nice to do it
- 0:48in the morning for a change, but yeah.
- 0:50Anyway, let's just jump straight into you and I want to kind of
- 0:54get behind who you are a little bit more because I love the idea
- 0:58that you've got. This company, there's a lot we
- 1:01can of ground, we can cover. Just to give you a bit of
- 1:05background on me. I've got a marketing background,
- 1:08so I've been in the industry for several years.
- 1:11So and I've worked in business, studying business, all my life.
- 1:16I've always been a bit of a big business nerd fan if that's a
- 1:19thing that I just a family business.
- 1:22That's the thing, isn't it? Yeah, people like things like
- 1:25Shark Tank and whatever so that you can be a fan of business.
- 1:28Anyway, Talk us through the beginning of your business
- 1:31career up. Until this point, it's all just
- 1:34walk us through because I saw on your LinkedIn and various other
- 1:37places online that you've kind of got quite a story career,
- 1:40there's a lot of different Industries, you've worked in and
- 1:44different levels and stuff, but walk us through in your own
- 1:47words, your career so far, the sure.
- 1:51I mean, I guess hard to think of a exactly when it started but I
- 1:56guess you know, right at the beginning where it started was
- 1:59Was when I was 13. I decided that I wanted to be my
- 2:02own boss and that I never wanted to work for anyone else.
- 2:06I don't know why I decided that but I had a very strong belief
- 2:10there and it really stuck around.
- 2:12So quite quickly, I realized I needed to take it very seriously
- 2:17because that's not an easy thing to pull off.
- 2:20So I started by trying to make money online.
- 2:24I found freelancing platform so started freelancing on there.
- 2:27Quickly grew unhappy Be with how these platforms operated.
- 2:32So I decided to start my own freelancing platform at the age
- 2:36of 15, started with about 200 pounds, kind of a crazy story
- 2:42behind that. But in the end, I had to sell it
- 2:44because I was too young to have a PayPal account and they
- 2:46didn't, they didn't let me, let me keep operating it.
- 2:52So I sold that just before my 16th birthday and yeah, since
- 2:58then I've been involved. Hold on a few other projects.
- 3:00So, mainly kind of a marketing and web agency that I started
- 3:05had an office on my local High Street.
- 3:07That was, again a really stupid idea because it just the rent,
- 3:11you know, ate all of what would have been profit and we could
- 3:13have easily run it remotely. That's something I want to ask
- 3:16you right off the bat. What do you make of remote?
- 3:20Like the idea of just say companies not having a physical
- 3:23location because a lot of the companies I've worked for in the
- 3:26last two year and a half, I would even Bring out like a, we
- 3:30work space or something like that or they just wouldn't have
- 3:32an office at all. It'd be completely remote and I
- 3:35am with you I think as far as business costs are concerned
- 3:39unless you for some reason have to have a physical location to
- 3:43sort of operate out of. I don't see why you should
- 3:47invest that money there. I mean a lot of the companies
- 3:49I've worked for in the past you can tell it's all about like oh
- 3:52we want to have the big Swanky office in the city location to
- 3:55show off, I get that. But at the same time, Oh, why?
- 4:00You don't love me like it's that I think is much more impressive
- 4:03be like. Hey, look at these spreadsheets.
- 4:05Look how well we're doing. But yeah, no.
- 4:09I mean, just yeah, let's just talk about it.
- 4:11I mean, what? What.
- 4:14Okay, let's let's rephrase the question a little bit.
- 4:18Obviously you were paying a lot of money for you know something
- 4:21that you weren't really getting something out of.
- 4:23But were there any other things that kind of tweet you to think?
- 4:26Okay maybe roommate working is better.
- 4:28So better option for me. Well I mean cook covid-19.
- 4:48Big piece on the 18 year old that got an office.
- 4:50But you know, in hindsight it was such a silly thing to do and
- 4:53now where we could very easily get an office and we have a much
- 4:57larger team at Revlon so we don't have an office we were
- 4:59completely remotely but then we meet up every couple of months
- 5:03and kind of rent rent an Airbnb or something and just kind of
- 5:06get together and brainstorm things together.
- 5:08So that seems to be quite a nice balance.
- 5:12Yes. And it's interesting as well.
- 5:13Because all right, right there. You said like an Airbnb
- 5:16somewhere cause lack of probably like a house setting or
- 5:18something more relaxed. Like I I personally feel like
- 5:22it's you can get so much more done from home and in the
- 5:25companies that I work for over the years, you know, sometimes
- 5:29it's a lot of time you have up hybrid model which I think is it
- 5:32works? You know, if you've got like a
- 5:33physical location sometimes it's nice to go into an office or
- 5:36meet up with the team. You know, I totally get that but
- 5:40I don't know like they're there are Some faces that I worked.
- 5:43Where like I actually remember one place, I work.
- 5:47I had to actually go to a different floor of the building
- 5:50to get away from the noise because people were just so
- 5:53loud. And I was like, I can't get
- 5:54anything done here, but when I was at home, surprise surprise,
- 5:57I got a lot more done. And I don't know if that's
- 5:59because of the noise factor or just feeling comfortable or
- 6:03whatever, but like, I don't know, it's I think how the the
- 6:08measures that you go to to meet your staff feel more
- 6:10comfortable. Generally speaking will at some
- 6:13point equate to more productivity.
- 6:15I mean, you know, it's like obviously it depends where you
- 6:18work and what the goal is and, you know, people are invested in
- 6:22that Vision but the same time. Yeah, I don't know, I think it
- 6:26goes a lot further to make them feel comfortable rather than
- 6:29just being like. Hey, here's that pinball machine
- 6:31in the middle of the office that we're never going to use.
- 6:33Let's do this. Like I don't know, I hate
- 6:38startup culture I'm sorry it's just that element of it.
- 6:41Everything else is great. It's always fun to be part of
- 6:44something that's growing in the beginning stages but I've seen a
- 6:48lot of like major companies. Replicate this like bigger scale
- 6:51companies and it's like, I don't know, for me, I feel The most
- 7:00important aspect asset that you're going to have is the
- 7:02people in your company. That way always comes down to
- 7:05that because they're the people that make the vision happen.
- 7:09But anyway, let's move it forward.
- 7:11Talk us through specifically. How Revel answer came to be.
- 7:14So you gave us a little bit of background behind, you know,
- 7:18your career up to this point and why you made the decision to
- 7:21kind of move in that sphere, but toga specifically about this
- 7:26particular business. Sure.
- 7:28I'm so yeah. I mean, Came from being a
- 7:31freelancer realizing that freelancing platforms on serving
- 7:35Freelancers rate. So that was back in 2014, 2015
- 7:39and then started my own platform.
- 7:41Sold that then started working with clients directly and not
- 7:44via freelancing platforms. And then when covid came, we
- 7:48were in a covid lockdown in early 20 21, I was looking at
- 7:54his freelancing platforms that I started my journey on you know,
- 7:56six or seven years before that. And realize that they haven't
- 7:59changed a thing, you know, I really thought that they were
- 8:02massively outdated back in 2014 2015, and they hadn't changed
- 8:07anything back in 2021. They haven't changed anything
- 8:10today, you know, and they're just so set on their ways, and
- 8:13it's really not compatible with the way that we work remotely
- 8:16nowadays. So that's when I decided to
- 8:18start Revlon. So and you know, do something
- 8:20about it so you're not the only company that's obviously
- 8:24offering freelance. Oh, I freelance platform.
- 8:28Should we say? I think I'm not mistaken this
- 8:30freelancer up work. The other platforms 50, Etc, me.
- 8:35They all kind of very as far as like what their particular
- 8:39offering is. I'm on some of those four,
- 8:40things like voice acting and copywriting and you know, I've
- 8:43had like some success for it but not really, but that's just my
- 8:46personal experience. But something that kind of stood
- 8:49out to me is that you guys charge zero commission.
- 8:53And so I was like, okay. So, how are you making your
- 8:55money? Like what like without being to
- 8:59proving, but it is kind of my job.
- 9:02How are you making money? Is it through advertising or is
- 9:04it like some sort of a freemium model where you pay for features
- 9:08down the line? Like, how exactly are you guys
- 9:11making your business? Yeah.
- 9:13So it's a freemium model. We have an optional Plan called
- 9:15Revlon Surplus which just unlock some extra features like being
- 9:18able to send more proposals to clients and a couple of other
- 9:21things. But you know that can the Ian's
- 9:26being at zero percent, you know, it has another benefit to.
- 9:30So on a lot of these plants, in fact, all of the platforms that
- 9:33you mentioned and a few more of the very large freelancing
- 9:35platforms. They rely on commission fees.
- 9:38But because of that, they have to police how you communicate so
- 9:42you can video call. You can't talk of platform in
- 9:44any way because then they won't get their revenue.
- 9:47So by removing commission fees, we can also allow people to work
- 9:50flexibly and not get in the way of their workflow.
- 9:53What's your thoughts on that? I mean, let's say for argument's
- 9:56And sake that someone did want to take business outside of your
- 10:00platform. How do you feel about that?
- 10:03I'm wheat. Why mean?
- 10:04We don't care what sort of the pay is this?
- 10:07Well, the platform exist, take to get people new clients, not
- 10:10to sort of, you know, worm our way into existing freelancer
- 10:13client relationships, and just try and skim some money off of
- 10:16every single transaction. I don't think that's productive
- 10:18and in any way. Yeah, I to know, like I get why
- 10:23those companies are doing that but at the same time it to me.
- 10:26It just feels like a lack of trust.
- 10:27It's like, all right. But you get you're going to make
- 10:30some money out of it anyway, but let us a bit.
- 10:32It that I think I think if nothing else it should be.
- 10:37It could be restructured in a way, couldn't it?
- 10:39If you could sort of say, like okay, you can either pay this
- 10:42amount and we basically get you together and you may not have
- 10:46contacted each other previously or may not have even been able
- 10:49to contact with each other for whatever reason.
- 10:51So that's like one kind of I don't know benefit, I suppose of
- 10:57being on that. And then, you know, you could
- 10:59structure it in a way that instead of saying, oh no, we're
- 11:02going to prevent you from being able to take conversation
- 11:05elsewhere. You Can Build That Wall.
- 11:06How about? We help you to facilitate a
- 11:08better conversation, we give you tools, we give you resources
- 11:11that, you know, would make it better for you to stay on this
- 11:14platform and use it as opposed to taking your business
- 11:17elsewhere, you know, I mean, I've, I've got to say, like, it
- 11:21always comes down to trust, doesn't it?
- 11:23Especially between Is to Consumer, like I know in this
- 11:26sense, it's a company sort of being like the middleman, but I
- 11:29don't know. I think I like your approach bit
- 11:32better. I think it's just better to just
- 11:33get people together doing business and, you know, by kind
- 11:38of being less on their shoulders.
- 11:40I think they're more inclined to then, you know, take up a model
- 11:44such as yours with the past models.
- 11:46Like you, like the service that I you know what, maybe I will
- 11:48pay for that rather than yeah. I don't know.
- 11:51I think there's something to that. but anyway, but people who
- 11:58are nervous about the prospect of freelancing in your opinion,
- 12:02why should they consider freelancer?
- 12:06I mean I'd have to know why why they're nervous about it, I
- 12:09suppose, but I'd say with. Yeah, I mean freelancing it's
- 12:15it's a great way to work flexibly and kind of Be Your Own
- 12:19Boss. I think it's very similar to
- 12:21entrepreneurship and I think the mean what So, you know, being
- 12:26an, I mean, there's a, there's a funny meme that always
- 12:28circulates on LinkedIn where it's like, you know, I didn't
- 12:30want to work and my 25. Now, I work 24/7, right?
- 12:35So it's not, you know, it's not necessarily like easier or more
- 12:39flexible and in some ways than working a nine-to-five but I
- 12:42think what it comes down to is the same question, I asked my
- 12:46self worth, you know why being an entrepreneur is definitely
- 12:49the right thing for me which is you have to ask yourself what is
- 12:52worse for you, is it worse for you to be?
- 12:54He stressed or is it worse for you to be bored?
- 12:57And for most people, it's worse to be stressed.
- 13:00And that's why, you know, most people are happier with the kind
- 13:02of a 9 to 5, but for me, it's much worse to be bored.
- 13:06So, what I'm doing, it's I probably get more stress doing
- 13:09this than I would doing some kind of mundane, you know, safer
- 13:12kind of job, but I'd be bored out of my mind and that to me is
- 13:17worse. So I'd say someone for
- 13:19freelancing, something you said at the beginning of the show,
- 13:24kind of That out to me with relation to this.
- 13:26You said that you know you wanted to work for yourself.
- 13:28You just knew from day one foamy I realized through the course of
- 13:33working for various companies that for whatever reason, I
- 13:36don't like being told what to do.
- 13:37Now, I'll put a caveat to this. It's not that I have a issue of
- 13:41someone telling me what to do. It's more an issue of let's
- 13:45suppose you're in a meeting room.
- 13:48And you know, that the thing that your boss is suggesting
- 13:52won't work for whatever reason, maybe you And your team have
- 13:55tried this. By the way, this comes from
- 13:56personal experience. I'm not just making this up.
- 13:59So, you know, that this thing isn't going to work, and your
- 14:01boss says, Yeah. But you know we're gonna do this
- 14:05anyway and you're like, why and they and they just say, oh we
- 14:09just you know, just just do it. So you go, okay, you do what
- 14:12your boss tells you, right? And then it doesn't work.
- 14:15And then several months later you go to review, inevitably and
- 14:19they're like, I don't understand it.
- 14:21Understand you're like, well if we'd have done it this way that
- 14:23I suggested it would have worked and therein, you get a lot of
- 14:28arguments like that happening, which that, and that's what
- 14:31bothers me. Nothing else.
- 14:33No, I don't care about Egos and care about, you know, being the
- 14:38boss. I got to be honest.
- 14:39I hate leading most of the time. Yeah, I'll do it if I need to.
- 14:42But like, I just like being part of a team where what you say and
- 14:47do is valued and your, it's been, you know, it's a bit like
- 14:52being in a band, I think in some ways and here we are this
- 14:56analogy, but if you play for the song, the song will be better.
- 15:00If you pay for yourself. It's probably going to suck and
- 15:03I feel like a team setting is a lot like that.
- 15:05It's like if you're thinking about the project overall, what
- 15:07will work for the project? And you think about how your
- 15:10contributions will help or potentially hinder that and then
- 15:14you're thinking more about the project that large and it's
- 15:17probably more likely to succeed. But then if you're just thinking
- 15:19about yourself or you're just trying to get your ideas in, I
- 15:22don't know, be the best salesperson of the particular
- 15:26quarter. Like it's eventually it's going
- 15:29to come back to bite you and I don't know.
- 15:31I think that Because of that, that's maybe why we're seeing a
- 15:34lot more people going down the freelancer, it because you're
- 15:38actively managing yourself. And as you pointed out before,
- 15:41you know, the reality is it is a kind of a 24-hour gig.
- 15:44I mean, I've been self-employed now for quite some time and you
- 15:49know, I gotta go back and forth, sometimes I go into roles where,
- 15:52you know, I'm back working with people again.
- 15:54And then other times, I'm just doing project to project.
- 15:57And right now, I'm actively like searching for work all the time
- 16:01and it's that in of itself. Is a job just searching for
- 16:04work. So it's invaluable to have
- 16:07platforms such as yours where it's, you know, actively trying
- 16:10to put people together. And that's really what it is is
- 16:14putting Freelancers with, you know, clients businesses,
- 16:18whatever and getting a dialogue going and doing business the way
- 16:22it really should be done. Because again, like I got, you
- 16:26know, I've worked with companies where instead of maybe taking on
- 16:31a freelancer or taking on a company and just kind of working
- 16:35with them for a particular project or an ongoing project,
- 16:38they just rather employ someone which it has its benefits and
- 16:43its weaknesses but I think sometimes it is better to just
- 16:45look at the project and and go with that rather than you know
- 16:50just taken someone on board and go.
- 16:51Okay well we got them for 40 hours.
- 16:53What can we use that with? And it's it's just a different
- 16:56way of approach. I'm not saying necessarily it's
- 16:58completely wrong, but in my experience over the years it's
- 17:02always been better when you just focus primarily on ways to
- 17:06achieve that project and you know be that bringing in some
- 17:12extra manpower to do that or you know maybe just trialing a new
- 17:17type of Technology such as like analytics and stuff and doing it
- 17:20that way, whatever, you know, Anyway, let's move it forward.
- 17:26In your opinion, what are the most common mistakes that
- 17:28Freelancers should be aware of or should avoid?
- 17:34Yeah, I mean it's definitely around the pricing side.
- 17:38I think because what will happen often times is, you know,
- 17:41certainly true in my experience and in conversations, I have had
- 17:44with other Freelancers is that say you're speaking to a client
- 17:48they ask, you know, how much would it cost to, I don't know,
- 17:51build build me a website. You say, you know, you look at
- 17:53the brief everything you say. Two thousand pounds, they say,
- 17:57oh sorry, I've only got 1500. Would you do it for 1,500?
- 18:01And then you say, yes and that's a terrible terrible thing to do
- 18:06because, you know, you might think, oh, okay, you know, I'm
- 18:09still getting paid, I don't know 50 pounds an hour or whatever to
- 18:13build this whatever, but you've now taught that client to, you
- 18:17know, that they can expect you to compromise and completely
- 18:20devalued your services. So the right way to respond to a
- 18:23question like that isn't a turn, the client.
- 18:25Own but the right rates are a sponsor that is, let's say, I
- 18:28say to, you know, I'll pull you 10 page website for 2,000 pounds
- 18:34and then you come back to me and say oh sorry if any got 1,500.
- 18:36Would you do 1,500? You say yeah.
- 18:38You know, I will do it for 1,500 but and that case, I can only
- 18:41build these six pages, you know. But but if you increase the
- 18:442000, then I'll build the full ten pages.
- 18:47So even, you know, you always have to kind of like match your
- 18:52service to the price and if they ask for a discount, you know,
- 18:55then also Remove could things that you're sort of offering to
- 18:58them and that will make sure that, you know, your services
- 19:02are still valued at the price that they kind of should be.
- 19:06But it's very dangerous to start offering people discounts
- 19:09because then they'll always expect that, whatever price, you
- 19:12quote the moving forward is negotiable.
- 19:15Yeah, I agree. And I think also this is kind of
- 19:18an important lesson from a negotiation standpoint beer if
- 19:23you're trying to get more money from You know, waiting through
- 19:27wages or something like that or always punch higher.
- 19:31Always go, way higher and work your way down.
- 19:33Don't don't undersell. Yourself is so important not to
- 19:36do that because I mean I think that's something that people
- 19:39forget often. Yeah.
- 19:40Like if you're on a freelance platform or yours, you selling a
- 19:43service and you go lower than that, as you put it, you are
- 19:46compromising and You'll put the price that you put out there is
- 19:51what you think, your service and your time and your product is
- 19:55worth. So it's just as much about what
- 20:00you're selling as it is the reputation and the bit like the,
- 20:08how people will look at what you're producing, you know, and
- 20:12I mean there's also a night, another component to pricing.
- 20:15So this is a trap that I really fell into freelancing at quite a
- 20:19young age because I was sort of thinking, you know, if I build
- 20:24someone a website and I charge 500 pounds for it, it might take
- 20:27me 10 hours to do and that's 50 pounds an hour which You know,
- 20:30time is like an incomprehensible amount of you.
- 20:33No money. But then in reality, I'm
- 20:36completely under selling my services and I was thinking
- 20:39about it, completely the wrong way around.
- 20:41You shouldn't think about it as in, like, what is that money
- 20:44worth to me? You should think about it.
- 20:46What is the value of your service Worth to them?
- 20:49You know, because building them a website might mean that they
- 20:52do they, you know, trouble their sales or whatever.
- 20:55And they go from, I don't know, 500k in sales to 1.5 million in
- 20:59sales and at Point. You know what percentage of that
- 21:03is the website now worth you know probably You could argue
- 21:0610,000 pounds or more easily, right?
- 21:10So the bet that's really the best way to think about it.
- 21:13Don't think about it as an, you know, like how much do you need
- 21:15power to get by think about what, what kind of increased
- 21:21value are they getting from your services and price?
- 21:25It according to that, take another good thing to think
- 21:27about as well as like what the Your average is saying for the
- 21:31service that you're charging for select.
- 21:33What I think it's not necessarily like oh I should
- 21:37just charge what everyone else is charging but you know, look
- 21:40at look at your skill set. Look at, let's say you're a
- 21:44computer programmer, okay. Well, how long have you been
- 21:46doing that? Five, ten years.
- 21:47Okay, you do front-end back-end click great.
- 21:50You know, all of these different things are going to drive up.
- 21:55The price that you could feasibly charge because your
- 21:57expertise and your knowledge is obviously worth that much more.
- 22:02And when you compare to what everyone else is doing in the
- 22:04market you can call it the kind of see like okay well this
- 22:07person has been in the industry for five years and they've
- 22:10worked on these projects and this is how much they're
- 22:12charging. I, maybe have seven years
- 22:14experience, I've got bit more than them.
- 22:16And I also know how to do this, this and this.
- 22:19So I could probably charge this much more and it that's always
- 22:23an important thing to think about as well.
- 22:24Because if you undersell yourself, it's again, just
- 22:28repeat this. And there's people in the market
- 22:31who are charged in more, imagine how that kind of makes you seem.
- 22:36It's like you not only our understanding yourself but you
- 22:39don't sort of believe in your ability as much.
- 22:42And I think that can sometimes send an inadvertent bad message
- 22:46to the client because they're going to be like, or why are
- 22:48they charge like, don't they understand have they not done
- 22:50their research and It's like alarm Bells, start going off.
- 22:54You like mmm, because you absolutely should do your
- 22:57research. You know, like one thing the
- 23:00Freelancers tend to do is raise their prices every year and
- 23:03obviously that tends to kind of go with things like inflation
- 23:06and just generally, like moving things up the cost of living
- 23:08everything increases but I think it's also important because
- 23:12they're looking at what the market is saying, go yet?
- 23:15No, I need to charge more for this.
- 23:17Hmm. They're like, yeah, when I do my
- 23:19voice overs and my voice acting Sometimes I'll look at what the
- 23:24project is saying. So if it's someone that doesn't
- 23:26have a particularly big budget, I'll tend to ask what their
- 23:28budget is and then measure that against the work that's being
- 23:32produced. And sometimes I will actually
- 23:34turn down a project. If it's, you know if they're
- 23:36charging their say a really really small flat fee but they
- 23:40want me to do a lot of work. It's like might not be sort of
- 23:44workable for me, but then other times you know, sometimes it's
- 23:48just about the project, it can be like well this is a project.
- 23:50I really want to work on so You know, I'll take this, I'll do
- 23:54this. I think particularly in your, in
- 23:57your beginning stages, like I've been at things like voice acting
- 24:00and acting for a number of years now, but I'm still very much in
- 24:03the infancy stage so I'm still trying to build up my portfolio
- 24:07and get somewhere. And I think, in that stage, it's
- 24:09like to some extent. You should take on as many
- 24:12projects as you can get. Just so you've got that under
- 24:14your belt. So that when you get to say the
- 24:18next year, in your freelance and journey, you can be like, okay,
- 24:21well, Now, I can choose to be a bit more selective with this.
- 24:24Now, I can kind of start thinking a bit more about what
- 24:28I'm charging. What my time is, worth, etc,
- 24:31etc. Yeah.
- 24:33Lots of things to think about. Thank you for that.
- 24:36You aim to revolutionize freelancing by putting
- 24:39Freelancers first. How do you aim to achieve that?
- 24:45Well, I mean, it comes through, you know, lots of different kind
- 24:48of policy on the site. So not charging commission fees
- 24:51allowing people Speak outside the platform from kind of a
- 24:55brand ethos perspective were completely, you know, putting
- 24:58Freelancers first. And it's important that a pretty
- 25:01daunting platform does that because by really prioritizing
- 25:05Freelancers and giving them everything they need to do their
- 25:09best work. I mean, ultimately then we
- 25:12create the best supply of Freelancers for clients.
- 25:15So you know, by nurturing your supply, you offer the best
- 25:19product of service to your demand side.
- 25:22So it makes no sense to me, whatsoever.
- 25:25How other large freelancing platforms, prioritize?
- 25:28The demand side so much at the expense of Freelancers because
- 25:31ultimately, they're just palming both sides but if you prioritize
- 25:35the supply side, you can create a better service for your time
- 25:37on site. And there is actually an example
- 25:39of this whacking to which is a platform called right move that
- 25:42you might have heard of. So they they completely
- 25:46dominated their space by, not focusing on home buyers, but by
- 25:50focusing on estate agents and that way.
- 25:52Babe, I really pleasing estate agents.
- 25:54They got the most high-quality listings and ultimately that's
- 25:56most useful to a home buyer. So they were the bigger.
- 25:59They became the biggest player in their space and we're doing
- 26:01something very similar in the, in the freelancing space as
- 26:04well. It's such a basic thing, isn't
- 26:07it? Understanding your market?
- 26:08And just like, I remember, I remember in business school when
- 26:11I first started getting into business they would just Hammer
- 26:14that point. There's like understand your
- 26:16Market know your market and it's like you don't understand that,
- 26:21you're just not going to go anywhere over.
- 26:23You just going to constantly be button your head against the
- 26:25wall going. I don't understand why it's not
- 26:26working. I don't understand.
- 26:28And it's like sometimes it's not even about like being the
- 26:30cheapest platform will being you know having the most of
- 26:34something sometimes it. It is just about being
- 26:37accessible about you know making the right kind of Partnerships
- 26:42and connections and then in that you get things like the best
- 26:45listings for a particular industry that you're working in.
- 26:52With regards to, you know, setting up Revel answer and
- 26:56other businesses that you've set up over the years, what would
- 26:58you say have been sort of the biggest challenges.
- 27:00So I guess we're, we're coming up with this question is kind of
- 27:04as an entrepreneur. What would you say the biggest
- 27:06challenges for you over the years?
- 27:09I mean it's been a quite a lot of different things but I think
- 27:15the best piece of advice I can give in something.
- 27:17I have followed for a long time and continue to follow is that
- 27:22you need to surround yourself with people who are better than
- 27:26you at certain things. So, you know, for example
- 27:32fundraising rival on Sir with revlon's.
- 27:34It's the first time that I raised a funds from from a VC,
- 27:37you know, from Angel Investors. That kind of thing.
- 27:40I had no idea what I was doing. So I spoke to people who had
- 27:44previously fundraise for their startups, I spoke to Angel
- 27:47Investors, not trying to get them to give me money, but just
- 27:50trying to get them to give me feedback, you know, would this
- 27:53be something get invested in or if, if not, why not, you know,
- 27:56how can I improve this? And then through those
- 28:00conversations, I put together a really good kind of pitch,
- 28:03really, good narrative. And then when I went out to
- 28:05fundraise, I managed to do so, you know, relatively easily.
- 28:10Even though it's not something I ever did before, so I faced a
- 28:14lot of challenges but the way that I always approach them is
- 28:16by, you know, learning from the expertise and experiences of
- 28:20other people who have faced challenges like that in the past
- 28:23and overcame them. Speaking of getting advice and
- 28:27feedback from people I found on your LinkedIn that you're
- 28:30regularly advised by the just eat co-founder.
- 28:34So I wanted to understand how this business relationship came
- 28:36to be and what have been the main things you've learned from
- 28:39it? Sure.
- 28:40I mean it's actually a very funny story comes back from that
- 28:44office that I hired and it's rented.
- 28:47Sorry it's the one good thing that came out of that and why I
- 28:50don't regret doing that at all. And basically I mentioned that
- 28:57this office that I had was really good at attracting the
- 28:59attention of the local newspaper and they did like a big spread
- 29:02about me on the front page of their business, you know, it's
- 29:05for a, like a tiny towns, local newspaper.
- 29:07So it's nothing that impressive as so impressive, man.
- 29:10Well, I bet, I mean, you know, some some people read it locally
- 29:13and one of them was the Skype. So I got an e-mail at one point,
- 29:18you know, from a guy called Matt.
- 29:19Braddy. I had no idea who he was.
- 29:21I, for whatever reason, didn't Google him either.
- 29:24You just said he's You know, an entrepreneur in the local area,
- 29:28and I'd like to meet up, you know, so I met up with him, I
- 29:32invited him over to my office and within about 30 seconds of
- 29:36chatting term, I realized like who he was and what experience
- 29:40he had. He was the founding CMO of just
- 29:42eat. And probably the reason why, you
- 29:43know what just eat is so you know immediately I was like no
- 29:47matter what I have to maintain this contact so I made sure I
- 29:50got him on WhatsApp, kind of spoke with him on and off for He
- 29:55was about three years before I started.
- 29:58Revlon, so where I didn't have a project that I had like various
- 30:01different projects, I now. And then asked his advice on and
- 30:04just checked in every couple of months, but when it came to
- 30:07actually starting Revlon. So I then reached out to me
- 30:09because I maintain that connection and I asked him if he
- 30:13wanted to be an adviser and he said, no, he is far too busy, he
- 30:17can't but good luck. And then every two weeks from
- 30:22that I would send them a list of updates.
- 30:24So I'd say oh Now, I've spoken to these people, I've done this,
- 30:27I worked out this, just send them a list of updates on what's
- 30:30up every two weeks, he ignored me, he just read it and ignore
- 30:34me every two weeks. Then then after about two months
- 30:37of doing this, I sent him a message was just like, you know,
- 30:41hey because I Was preparing for a start-up competition at the
- 30:44time. It was like a week away or
- 30:46something. I just said to him, you know,
- 30:48hey, those competitions in one week?
- 30:49Are you sure you don't want to call real quick?
- 30:51Like have a look at my pitch. By the way.
- 30:52Are you getting my messages and replaced me?
- 30:54Sir. Yes, but I'm ignoring you and,
- 31:00and yeah, and then base basically, I convinced him to
- 31:02get on a call, show them what, what I was planning to do, and
- 31:06then I managed to convince him to, to be an advisor for
- 31:08revlon's, and he has been for the past two years since like,
- 31:11right near the start. So, yeah, it's been incredible.
- 31:15Working with him. He's a very direct guy.
- 31:18He made my first ever board meeting a very memorable
- 31:21experience and not the best way but Tell me you got out of hell
- 31:26me? Why I might come on, come on.
- 31:28He just absolutely to me to shreds in front of all of my,
- 31:32you know, new investors shortly after a first funding round.
- 31:36Oh no, yeah, well, look in a kind of like, oh, this is what
- 31:39you need to work on. Next time, kid like sort of
- 31:42thing or just how he was if you want.
- 31:44I mean he was sort of looking at our updates and was just like
- 31:47ripping holes and everything. I'm seeing a, why are you
- 31:49prioritizing this? Why aren't you doing this, you
- 31:51know, and just like really died direct kind of antagonistic.
- 31:55It's his personality. He's a really great guy though,
- 31:58but every single piece of advice, he's given me that I
- 32:00followed has led to really great things happening for the
- 32:03business. So, yeah, he's a wonderful
- 32:05person to have around, awesome man and I well done for you.
- 32:11Your consistency with that. You know it's a must not be easy
- 32:15to kind of continually you get sort of get ignored.
- 32:18And then finally, like, you know, you make something out of
- 32:21them, it kind of weirdly reminds me of that scene in The
- 32:25Shawshank Redemption, where what's the name?
- 32:29Andy keeps sending out the letters and, you know, he's
- 32:32doing it for a long, long, long time.
- 32:33And he eventually get somewhere with it and he continues to do
- 32:35it there after it's like there's something to be said for that
- 32:38thing. You know it much like this this
- 32:41shows. I'm doing now.
- 32:42I mean, I've been doing this nearly three years and the
- 32:47numbers are slowly getting there but I think the biggest thing
- 32:49that's blown, my mind is just like all the different types of
- 32:53guests. I'm getting on this show, you
- 32:54know, I mean, people reaching out such as yourself who want to
- 32:56be on the show and I'm just like, really taking that because
- 32:59it's like for me, I just started this, you know, sometime during
- 33:032020 just because I wanted to do a podcast and I didn't really
- 33:07have a particular vision for it. Now, I do now, the story I
- 33:10suppose. For the show is to kind of share
- 33:12other people's life lessons and stories Journeys and kind of
- 33:18deliver something that is somewhat inspirational to people
- 33:22motivational or even just funny and sometimes, you know,
- 33:26whatever. But they took a while to kind of
- 33:29realize that vision and that and that Dole.
- 33:32I suppose. And something I'm always working
- 33:35on and now it's like more fun than ever.
- 33:38And it's funny to think about because, you know, sometimes you
- 33:41do get bogged down with things, it can be frustrating.
- 33:43It's not always where you want it to be, but then you have
- 33:46these small successes and then it's like stages, isn't it?
- 33:50Everything comes down to that and business is completely like
- 33:52that. You got stage 1 stage till
- 33:54quarter. One quarter to quarter, three
- 33:55quarter for and then before you know, it, you're you're at the
- 33:58top and you're my oh, wow. Like I remember when this was
- 34:02Going nowhere, what changed? And it's like a lot change you
- 34:04changed and your approach and your mentality in your approach
- 34:09attitude everything that's really what changed and that's
- 34:12what makes the success. I think.
- 34:14Yeah, completely agree. What advice could you give to
- 34:19aspiring entrepreneurs? Just in general and I know
- 34:22you've given a little bit throughout the show but like
- 34:24let's say, someone who's just such as yourself.
- 34:27You start at a young age? Yeah, let's start there,
- 34:30actually, for any sort of young budding.
- 34:32Entrepreneurs, what would your advice be?
- 34:35Don't be afraid to fail and just be very persistent.
- 34:38I mean, most of her everything that I've tried has failed.
- 34:42I have experience in a lot of different fields as a result of
- 34:46that, though. You know, I've tried everything
- 34:49I've tried selling on eBay left for you know, flipping things
- 34:53I've tried Drop Shipping, I've tried setting up Marketplace
- 34:57businesses. I've tried setting up, you know,
- 34:59agencies freelancing, everything, all kinds of
- 35:01different things and app, you know, so like Even though most
- 35:06of these things that I just mentioned to you failed, I now
- 35:09have a basic underlying understanding of how they work
- 35:12and also more importantly, what went wrong on my site.
- 35:17So, if I wanted to try any of these things, again, I would
- 35:19have an advantage where I probably be able to get it to a
- 35:22success Foster because I because I failed, and I think that's a
- 35:27that's of the best way to think about failing.
- 35:29It's a learning experience and so don't be afraid to fail,
- 35:34especially if you're young you Have much less to lose.
- 35:36So just really go for a try as many things as possible, and
- 35:40you'll learn so much from that. That eventually, you'll, you'll
- 35:44be able to be successful and you'll be, you'll be able to
- 35:47replicate it because it won't be luck.
- 35:48It'll be from all of your hard work and all of your learnings
- 35:51from things that didn't work out in the past, let's explore that
- 35:54a little bit, the concept of failure.
- 35:56One thing I always like to do when I have my business guest
- 36:00on, it's not just sit and just ask like, oh, how did you
- 36:03achieve the success that I like to get?
- 36:05Down to the root of the person because I feel like that is
- 36:08always kind of the most important factor because it's
- 36:12all the qualities of that person that helped them get to where
- 36:16they eventually got to. So speaking to failure in those
- 36:21moments, when you failed particularly in the moments,
- 36:23when you put a lot into it and then it didn't work out and you
- 36:26were you had to kind of pick yourself back up again.
- 36:30What kept you going? What was, what was the thing
- 36:33that kind of kept pushing you forward?
- 36:35And made you kind of overcome failure.
- 36:41I think it's just that this was a really what I wanted to do.
- 36:45You know, I really wanted to and I mean it's one because it's
- 36:49really what I wanted to do and to just because I enjoyed the
- 36:52Journey of it. Even if things didn't go great,
- 36:55I still enjoyed just luck trying lots of different things and
- 36:58learning from them. So I think yeah, it's a
- 37:02combination of that. It's that I really wanted to
- 37:04achieve the goal down the line and a very strong desire to do
- 37:07that. But also that I really just
- 37:09enjoyed the journey and The day-to-day of things.
- 37:12But in that, you know, with that being said, I there were times
- 37:17where I was a very close to thinking, you know, things just
- 37:19keep going wrong. Now, it's time to, you know,
- 37:21just stop with this and find something else.
- 37:25So, if I could go back in time though, this is what I would say
- 37:28to myself, you know, like, don't be afraid of failing, you know,
- 37:31like all of this actually builds up to being able to do something
- 37:36really amazing at a young age because, you know, if failed the
- 37:39most of everything I did over the past 10 years, Means not 23.
- 37:42I've got a venture back business and been able to achieve a
- 37:45number of nice things but most of everything I've tried again
- 37:48has failed but it led up to this.
- 37:51So that's what I wish I could go back and tell myself and I think
- 37:54it's important for anyone at any point in their Journey but
- 37:57especially at the beginning. It's very important to
- 37:59understand that. Brilliant.
- 38:02Got a couple of questions for you about the future.
- 38:05So let's start with freelancer, then we'll get back to you.
- 38:09So what do you think is the future a freelancing as it
- 38:15stands right now? Well, I think that this is a
- 38:19booming kind of Market, I mean today it like right now in might
- 38:23surprise you that about a third of the global Workforce of
- 38:26Freelancers, 1.56 billion people.
- 38:30Okay? Also, Bye-bye, according to
- 38:32McKinsey, and Company according to their projection, by 2027
- 38:36more than half of the u.s. work force, will be Freelancers.
- 38:40So, it's a space, that's growing very fast.
- 38:44I think it's appealing to a lot of people think their current, I
- 38:47think, you know, they're kind of after effective covid.
- 38:49You know, impending economic kind of Crisis is all fueling
- 38:56this as well. So I think that moving forward,
- 38:59we're going to have a much more kind of freelance.
- 39:01Spaced flexible way of working for a huge amount of the
- 39:04workforce than we even do. Currently.
- 39:08What do you think are the implications of that for for
- 39:12companies? You know, how do you think that
- 39:16traditional companies that are offering say the 925?
- 39:19Which, by the way I know we've been quite critical of the nine
- 39:22to five but like I think there are a lot of positives to be to
- 39:26be argued for 9 to 5. So I think it's it always
- 39:31generally comes down to the type of person you are and what your
- 39:33goals are and what you want, you know.
- 39:34It's but one thing I will say about both freelancing.
- 39:38The and 925 is this, there is this illusion of job security,
- 39:45there is no such thing as job security.
- 39:47You sometimes you get lucky and you maybe you've you have good
- 39:50business working relationships with people.
- 39:52But yeah, I've seen it time and time again.
- 39:54I'm sure you've seen it as well. People can work for companies
- 39:57for years and years and suddenly you're gone.
- 40:01We've seen it most recently with Google some people have been
- 40:04left, let go after 16 years. Yeah, basically set Up the
- 40:08company and now they're gone. And it's the harsh reality of
- 40:12business. But I think it teaches us a
- 40:15valuable lesson, it's not necessarily a negative thing.
- 40:17I actually think it's a positive thing if you learn that.
- 40:20There is no job security. Therefore, you should be taking
- 40:23more risks and putting yourself out there and trying to kind of
- 40:28sell yourself more. Like, I think that's something
- 40:30that's really good about the freelancer mindset, is it
- 40:32teaches you how to look at yourself from the perspective
- 40:36of? Okay, these are The different
- 40:38things I can offer, you know, I shouldn't understand myself, I
- 40:41should kind of throw myself out there.
- 40:43I should be bold. I should go for things.
- 40:45That maybe I think I'm not good enough for because chances are,
- 40:48you are good enough. You just need to believe in
- 40:50yourself and, and then a lot of and then the rest of it, just
- 40:53comes down to, like simple marketing and just sales really
- 40:57isn't, it's just like, knowing how to was it.
- 41:00Paul Heyman says, in the wrestling industry, accentuate,
- 41:03the positives and hide the weaknesses or if you need some,
- 41:07but the weakest Says then work on them and try and get better.
- 41:11Yeah, I mean I'm and ultimately, you're just more in control
- 41:14because a lot of these Google employees were the way they
- 41:17found out. They lost their jobs, they just
- 41:18couldn't log into their system, you know, I'm some of them why
- 41:21we're currently on work trips meeting clients and stuff like
- 41:24that, so you just have more control.
- 41:26So even if you know, like, you know, if you're going to have
- 41:29enough client work, you know what you can do to increase it,
- 41:32so you're just in control more. And I think there's a That's
- 41:37quite appealing and I'm stealing this quote, I can't remember who
- 41:41said it. But there's a great quote, where
- 41:47I'm just trying to think who said, I really want to steal the
- 41:51steal the quote. But yeah.
- 41:53It's basically, if you, you know, not taking any risks, as
- 41:57the biggest risk you'll ever take, and I think it's a very
- 42:02important thing to realize like choosing choosing not to do
- 42:05something. Isn't itself a choice.
- 42:07So, like she choosing not to try with something is a choice in
- 42:10and of itself and your kind of guaranteeing, you know, if
- 42:13you're scared that, if you try something that you'll fail, not
- 42:16try and guarantees that you'll fail at, you know, achieving
- 42:20that thing. So, yeah, I'll add to this as
- 42:22well because I'm trying to become an actor and voice actor
- 42:26and, you know, that's a very tough industry to make it in a
- 42:29very aware of that. I know the studs are stacked
- 42:31against me, but one thing I will say speaking to risk, and Dying.
- 42:36Is that a I've tried to be successful and I've tried to
- 42:43kind of do things like the standard 925 and marketing.
- 42:47I've tried to do customer service and all those things.
- 42:49I worked hard and I made the best of them, but it just wasn't
- 42:53for me. I knew in my heart, it wasn't
- 42:55for me and that I needed to take a risk on myself, and try these
- 42:58other things, because that's what would make me happy in
- 43:00life. But one thing that I've realized
- 43:04about fear in the concept of taking, I'm risks is a lot of it
- 43:07time it comes down to just people's concern about money.
- 43:10You know, it's like, oh, how will I make money?
- 43:13How will I fought to pay the bills?
- 43:14And it's like, you will find a way like there are so many ways
- 43:18to make money now and sometimes it, you know.
- 43:20Yeah, you have to take a sucky job here and there to do it and
- 43:23but that's fine. You know, it's in this book.
- 43:25I started reading as finish it the other day.
- 43:27It's called and the neyman. The golden rules of acting.
- 43:32They described the period between acting jobs as your In
- 43:36period. And I love that idea.
- 43:39I think that's true in freelance into it's like, you know, you
- 43:42might not always have loads of ongoing work, but that doesn't
- 43:45mean that you're a failure. If anything, it just gives you
- 43:48time to re-evaluate what you're doing, tweak things, whether
- 43:51that's I don't know. Your CV or portfolio, maybe even
- 43:55take it up a course or something.
- 43:57Pitching ideas to clients, reaching out to connections of
- 44:02yours. You know, there's always
- 44:03something you can be doing and if you're not getting work, It's
- 44:06okay. You will find work in some shape
- 44:10or form and you will get to where you want to get to.
- 44:13It just might take some time and some patience.
- 44:16Yeah, absolutely. A couple of quick fire questions
- 44:20for you completely unrelated to our conversation today, this is
- 44:22just about you Carl in your life.
- 44:26What's the best advice you've ever received?
- 44:31I mean I'm going to sound very boring but it really is this old
- 44:34idea of just being very persistent and you know just
- 44:38jumping in the into the deep end with everything that I try.
- 44:43Brilliant. And what's the biggest life
- 44:47lesson you've learned so far? Hmm, that's a good question.
- 44:55Biggest life lesson, I think probably that if you help enough
- 45:01other people get what they want, you'll get what you want.
- 45:05I think that's a it's a good philosophy.
- 45:07I think it's true as well. I think there are many you know
- 45:12many very, very successful business.
- 45:14People who people can play in people complain about
- 45:17billionaires with good. In in a lot of ways as well.
- 45:22But ultimately, you know, there's a good chance that that
- 45:24very successful person got there by helping a huge amount of
- 45:27people solve their problem or helping other.
- 45:30You know, smaller group of people solve a very big problem
- 45:32that they're willing to pay a lot of money to sort of have the
- 45:34solution for. So they are creating a lot of
- 45:38value and I think it's just a it's a good philosophy in
- 45:40general to actively try and help other people and then
- 45:43ultimately, you know, Circle back to you as well.
- 45:46Now, I agree. And also I think it's just good
- 45:48to constantly be trying. Trying to work with other
- 45:50people. I mean, that's part of the
- 45:52reason why I do podcasting other than just loving doing this, I'm
- 45:56also trying to meet people and grow and and get somewhere and,
- 46:00you know, learn things. And one thing I reading this
- 46:03again in this act in this is a brilliant, but you guys should
- 46:06really get this even if you're not an actor, it's just a good
- 46:09book in terms of Life advice, but one of the things it speaks
- 46:13to is this idea that, you know, you got to kind of look at
- 46:20everything that you're doing, and Break it down and kind of
- 46:26consider. What it is that you're looking
- 46:30for in life? And What you can change and
- 46:37where you can kind of move forward and put yourself in a
- 46:41better place where you can get those things and there are
- 46:44various different things that you can do to change that.
- 46:47But ultimately it comes down to you and how you kind of budget
- 46:53self in a different direction in order to get that and it always
- 46:56comes down to you. It does but it's like your
- 46:59attitude your approach. And and kind of re-evaluating
- 47:04now times. And I think in this show today
- 47:06we've explored that quite quite a lot.
- 47:09You know this idea of like looking at you and how you can
- 47:14tweak things and change things in order to get where you want
- 47:17to. But a lot of it comes down to
- 47:18the basics of Being Human really isn't.
- 47:23It's a lot of the time. It is things like you keep
- 47:26going. You keep, believing you, keep
- 47:28trying, you pick yourself up, you you know, it won't always
- 47:31work out. I forgot my point before but
- 47:33I've come back Circle. One of the things that I'd like
- 47:38to do is connect with different people and by doing that, I
- 47:44learn so much and I'm then able to use that in other fields.
- 47:49And I think one of the things I discovered through podcasting is
- 47:53that I was able to have a conversation with someone and go
- 47:56back and forth and there's so many little things that you
- 47:58learn through that. Sometimes it's your you know,
- 48:03it's your time to lead and to guide the conversation and speak
- 48:05more sometimes you take a seat and you and you listen more and
- 48:09it's good like knowing when to listen, when to talk and also,
- 48:15just kind of Always putting yourself out there.
- 48:20Always try and different things. Even if it might not necessarily
- 48:24sound like it's going to work, just try it.
- 48:26How do you know, how do you know until you tried?
- 48:30Absolutely. As we draw things to a close for
- 48:33today, do you have any upcoming projects or final thoughts that
- 48:36you'd like to share with our listeners?
- 48:39I mean, we're building an interesting platform at the
- 48:42moment, to help free longs to stop their journey by exchanging
- 48:45skills. So, you know where you can kind
- 48:49of deliver work to other people, build your portfolio with real
- 48:55client work and an exchange that for help with your brand.
- 48:57So Consulting with a more Freelancer of getting a website
- 49:00built getting some marketing done for you that that kind of
- 49:03thing. And really helping the community
- 49:04what we've found is that this already very frequently happens
- 49:08and at the people who do it really, enjoy doing it.
- 49:10So 9 out of 10 people who have exchanged skills before would do
- 49:13it again from from our research. So, that's a very exciting
- 49:16project and, you know, hopefully just another step in permanently
- 49:21improving the freelancing space. I wish you the best of luck.
- 49:25I think what you're doing with this company is brilliant, and
- 49:30it was always one of the, when your team reached out to me like
- 49:33I was already interested anyway, because I love having business
- 49:35guests on, it's always fun. It gave forces me to kind of
- 49:40draw my experience but also kind of approach it with a blank
- 49:44canvas and just learn something new from someone and whenever
- 49:49it's something directly related to something I've done before,
- 49:52it's always particularly interesting for me because
- 49:54Because, you know, there's always something new, you can
- 49:57learn. Like I take the marketing sphere
- 49:59as an example. Every company I've ever worked
- 50:02for has a completely different approach to marketing.
- 50:05Sometimes you use like the same platform, whatever platforms
- 50:10software but it's always different and that always comes
- 50:13down to the people that you you know, you're working with.
- 50:16And it just yeah always blows my mind and it's always keeps it
- 50:20fresh and interesting for sure. But thank you so much for
- 50:23appearing on the It's been an absolute pleasure and hope to
- 50:26see you again in the future. Absolutely.
- 50:29Thanks very much for having me and to the listeners of the
- 50:32Christian we podcast, as always be safe.
- 50:35Be well, and I'll see you in the next one.