Former designer of Pinterest now lets you sell stuff on a link
Every once in a while I meet an entrepreneur who just hits you as brilliant. Yesterday that happened to me when http://gumroad.com
I had no idea who had invested in him, but remembered the words of Ron Conway (investor in Google) that once in a while you'll meet a born entrepreneur. Funny enough that Ron and other great investors like (investor in Twitter) have invested in his company.
What does it do? Let's you sell virtual things with just a link. Sounds simple, huh? But it's not and listening to Sahil I'm getting that feeling. The feeling that he'll change the world.
Hope you enjoy this conversation. http://gumroad.com
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wired but ok
https://gumroad.com/l/Kvj and http://checkthis.com/ld8n the later one even created the preview for me, and integrates with google as well, not just twitter and FB ... Paypal charges 2.4% + $0.30 AUD gumroad takes 5% + $0.30 in the video there was an idea about aligning interests, well my interest is a lower fee. Im not sure what is the business model of checkthis, the have to make money somehow as well eventually though ...I do not see why is this so fantastic. The difference between
I love this guy's thinking. Thanks for the interview. Gumroad sounds like a good way to donate to charity too .... I wonder if any of the charities have thought of it?
I am sure Sahil is ok and supercool, but I wonder how people could trust entering their credit card numbers on such a payment form..
This is silly. Paypal and amazon.webstore and authorize.net and everyone has done this forever.. The only difference here is that this guy had a casual involvement in a current corp fad (pinterest) and that he bothered to make some web 2.0 stylesheets for his button. Please don't give this more credit than is due.
I'm halfway through the video and very excited about this, but...gumroad.com just got Scobleized!
edit: It's back up.
This has been a fascinating thread to follow good arguments on both sides but what I took from it was simply this guy's alt take on how to communicate your vision to attract other believers. He may flop but he knows how to transcend his own hype. thanks for the video
Your post just made me laugh for a good five minutes! This gumroad thing doesn't make a lot of sense to me. If I bought that pic of your dog (which I couldn't see..it just says "a cool black and white image of a great dane) and I make that dog the logo for "the next big company", and that company goes HUGE, where does that leave you, the seller? No royalties? No recognition? No contracts? It's an online garage sale essentially. Take stuff I never use anymore "as is" and if you do something great with it, hats off to you. And bands may record 100 songs and only put 13 on an album, but those unused almost ALWAYS will be released at a later date as a "bonus edition" or "rare B-side recordings" to suck more money out of the band's fan (if they're not savvy enough to find a bit torrent for it first).
Jack, what a deal! I wonder if we'll make more than $1 each. Hahahahaha.
, thanks for that link to tinypay. Tinypay seems to be implementing some of the features that Sahil was talking about wanting to do, and it may be ahead of the game because it offers charge card and PayPal processing as well as the ability to broadcast comments via Facebook seamless sharing as well as integration with google maps.
BTW, the first time i clicked on your gumroad link, it did not work. I was about to report the problem here but tried again and it worked. I purchased for $2 a beautiful photo of a great dane. Haha. Immediately after i entered my credit card number and 3 digit code and expiration date, i got a new page with a link to the photo. On that page was a tweet button, so I also shared the fact of my purchase with 14,000 twitter followers, 5500 MySpace friends, 5400 Facebook contacts, and 500+ LinkedIn contacts. Just saying, in case you make $$$hundreds of thousands$$$, please remember that i helped out with the marketing. Hahahahahahahaha. :D
I'm seeing the possibility of using this for escrow too.
It will be interesting to see how most people end up using it. I think I like the idea of just throwing it out there and seeing what sticks
it is to long of a videoo
Yes, this might be for the lazy, but what happens when scamming becomes common and there is no way to rate people, report people, and protect people? Although to be fair it seems this would be a trivial thing to add into the system. If anything I'd think this will be an eBay on the "micro" or local level. You use it with people locally, where you are generally hand delivering it or someone is picking it up, and you want to be able to have someone pay for it without requiring cash. The alternative use is for low priced items where the risk is fairly negligible and the reward for scamming rather low too.
I put up a link. Anyone want to buy it and see how it works? It's a pic of my dog (couldn't think of anything else). $2 is the minimum price: https://gumroad.com/l/HmXP
The "lazy internet" comes into play here. eBay takes forever to get started to sell something. The guy is designing for his generation, who carry little about privacy, porn, malware, etc. They just want to get something done very, very fast. At least that's my take on it.
There's a similar startup at Rocket Space with us - http://tinypay.me . But I'm not sure of their traction. have you covered them?
Thanks for the info I'll have to see if I can use this to sell some photography.
I setup a sale at https://gumroad.com/l/mPD
Does anyone see a problem with the high transaction fees? is it time to bring back BeenZ?
Its still a little beta, eg they need to offer analytics but still an interesting idea, wonder if they are going to suffer on chargebacks.
buti doog night to
This is awesome! This is a great interview and great product, or virtual product. Nice job.
What's so special about the "on a link" part? Don't most online stores have links to their products? http://www.amazon.com/Google-Dummies-Computer-Tech/dp/1118181298/ There's amazon selling stuff "on a link"
I really like this idea. I think this can be a photographer's dream. Selling pictures online porn or otherwise, I definitely see a market for this company. If I could, I'd invest money to this company.
From what i see, this company will do pretty well eventually, but live only to be bought off by Google; because it will be YouTube's competitor. If not, Google will adopt this technology and start some sort of YouTube + and charge for videos; like the gag reels, or behind the scene commentaries, unpublished songs and such that Gumroad was going to be selling.
Hmm.... I wonder how this company will survive. The concept is very unique, and I had several thoughts of how I and others could use this company.
This would facilitate anyone who wants to build a porn site. Click on the movie file, and all the payment is taken care of + no hosting fee.. !
I could see colleges professors making extra money in selling their lectures via Gumroad; for those who couldn't make it to class, or by creating a second lecture of the subject in deeper depth.
And... there are people selling their awesome pictures... But aside from that, I do not see how else this site will be used.
I'm sure time will tell....
.. I wouldn't have bought that pencil for a dollar....
Great vid! I have a lot of respect for the way thinks about stuff
have you/could you integrate a G+ share button? :)
Great interview smart questions engaging conversation and great answers.
what do you mean, "soon"?
Sold Dark Matter for $1.-
soon nothing will be free
Refreshing to listen to an entrepreneur's mind from time to time. Hope Gumroad gets huge and their business model is embraced online more into the future. Great questions to get to the meat there
good i like gmail and good enjoymint for these gmail acount thanx my all friend and best of luck gmail friend
hey bro, i have checked out the site. that great. but kindly add Google plus as well in your singup modes. there are people who dont use fb or tweeter. and also google plus is no more a negligble entity. :)
You've always been able to sell things with just a link. Hello? Amazon affiliate?
BTW, isn't it equally as amazing to see individual "meteorites," who obviously have not done one hundredth of 1% of the work you do (based on their lack of subscribers or willingness to post or fill out their profiles), but who are so quick to criticize or to ask you to do more free work?
If individuals do not have the time to watch such wonderfully educational material like this "unedited," yet so revealing, video, maybe they intend on being stuck in their jobs, depressed, negative, and whiny forever. And I suppose the trolling critics are jealous of the hundreds of thousands of subscribers you have earned. I'm sure i speak for at least a half million people, haha, who can't thank you enough for what you do in such an unselfish way to help so many people gain more knowledge. (And i'm not trying to get anything from you — just enjoying the knowledge flow you provide and practicing being a Scoble fanboy, hahahaha!)
Yay for Honesty!
Interesting, Google Trends says Gumroad is big in Japan. http://bit.ly/wl3KUo
So how is this truly better than eBay? Buyer protection, seller ratings, etc..
Brilliant! I love it.
This is the best interview I've seen, online or anywhere else, in a long time. Thanks Robert!
, pricing is 5%+30¢ per sale. Not unclear at all.
- good question?!
its a good Idea but how much they gonna charge and other stuff ...is unclear.
I sure wish people would start using smart card logins. The password thing is about as secure as a 1965 coke machine... Why set yourself up to fail?
Any ideas on how to handle people selling "products" that are actually malware, etc?
Tell em to add G+ integration ;)
I fear, in the future there won't be any "freebies"? But I like this idea as it sounds :)
Pretty cool idea - the challenge, like others have already mentioned, is managing fraud and plagiarism.
I agree with you about the videos - keeping them longer is more convenient and less time consuming for the producer but much less convenient for the user which is one reason I find the increasing use of online video to be so counterproductive for me.
i kinda like it i want it to be more colorful
I like the background behind this guy...
Excellent and informative ideas from a very switched on young guy. If he thinks he can do it he can have all my links to everything and make me a million bucks. I'm with you +Sahil
This process never explains where the money goes if you purchase something...is it linked to paypal, or google??
the devil's in the beginning just look weird. while the interveiw...... YAWN
Distruption 3.0. This will make Amazon out of twitter. Thanks.
Oh, and what about phony "products"? Like the descriptions says one thing and you get a .txt file saying "haha, sucker!"? Is there anyway to get your money back? Report sellers?
This was really great - thanks for sharing. Good insight from a kid not from the valley.
I think this is a great idea with potential But some gum road links I found have no preview and it's not clear how the product is being delivered to the buyer. There isn't enough information on the site Btw the video shows a length of over 40 minutes but when I watched it it was only around 25 and the rest was a black screen. Did I get the whole interview?
I could only watch about 20 minutes in due to time constraint so the following issue may have been answered already but what about illegal content? I'm sure people will upload copyrighted content. I'd hate to see the same thing that happened to MegaUpload happen to this company.
I really like the idea and am most likely going to use it!
This is very smart, thanks for sharing. I wonder how they deal with intellectual property and plagiarism. What prevents someone from copying a recipe and selling it on Craigslist, or someone from photocopying a digital of a text book and selling it to college students., nonetheless, I'm inspired, thanks
I didn't know was involved in the medical profession. Learn something every day.
This is pretty awesome!
I've seen this idea somewhere before.
you took out my comment! I am blocking your arseyour a freaking Hippocratic iVomit loser!!!
isn't every good product a way to express yourself? and by that margin, porn is probably one of the most visceral desires… but I bet there are a lot of other opportunities for this one.
great interview - like the way he thinks :)
I like the idea too (since I'm a big bit.ly fan) - there is definitely something there - however since its so simple, what would worry me as an investor is that its very easy to replicate. what would stop paypal from launching this next week? then your business is pretty much toast...
yeah, I don't know why FinalCut Pro X did that to me. Hmmm.
I'll have to check that outthanks for the heads up! One of the huge frustrations we face is the archaic nature of ticketing companies. All of them have invested in infrastructure that goes out of date and have a hard time scrapping their legacy work and going back to the drawing board. Hopefully in the future they adopt more agile development plans.
http://chirpify.com We're a Portland Company! I'd love to hop on a call and discuss how we can help you sell Tickets on Twitter with a single reply "buy" Tweet.
We offer social, device agnostic, frictionless, in-stream, one step payments. We do this in real time at scale.
Wow... the opportunity of creating content from the interviews is amazing....I am strong on the video end( and a few others). Kindly skim through the first part of this... http://www.scribd.com/doc/79168211/Stephen-Black-2012-resume
As far as hosting and optimization and all of that stuff..any ideas? Anyone see the potential for collaborating?
btw, very insightful indeed! thank you
talking about long videos: the interview ends at 25mins and the video goes for 20 more with a very black yet inspiring screen... maybe that's what putoff
This is completely annoying!
LikeI don't often have time to watch the videos. I'm glad I had time for this one. That was a great interview. Really refreshing to hear someone who is smart and also well-grounded. Great observation about aligned interests.
Selling digital things with just a link, what a unique & revolutionary idea that's been around for more than a decade : )
Why not layer some tracking on that link & we'll call it Affiliate Marketing & split the payments.....
This will be an amazing step in selling tickets digitally to our sporting events. To be able to sell without having to go through a storefront would lower the barrier of entry. I'll be following them, for sure. Thanks Robert.
sorry, I'm sarcasm impaired. :-)
All videos are released with a CC license, so anyone could mash them up or make them shorter.
You make these free informative videos and you share them and it amazes me that there are people who are telling you how they want it.. so my line was sarcasm that obviously was missed!
actually I put all my videos into Creative Commons and would love if someone did that.
Just an idea: Maybe some aspiring free lance video enthusiast / entrepreneur / video editor could pick on the idea of producing short versions of long, interesting videos and sharing them on YouTube.
Might be dicey on the copyrights front, but could be an opportunity for some one to explore.
Interestingat this moment I don't Believe you should work for us anymore.. please pack up your stuff..
I can understand the time constraint. More importantly, I really appreciate your reluctance to shorten a gem of a conversation.
Still, those times when I'm really short on time and some really interesting interview comes along - it pains me to pass on it.
Have read about Sahil before, and that was all the more reason to view this video (added it to YouTube's watch later list).
this video has lots of insights into how a born entrepreneur thinks. It's hard to shorten it to a blog post. It's like shortening a bar conversation with someone interesting to a blog post. That all is above my pay grade.
I don't have the time to do short videos. Sorry. Seriously. My interviews are conversations with entrepreneurs. Like Charlie Rose. He doesn't do shorts either. But the TL;DR version? Gumroad is interesting (read Louis' link) and this 19-year-old is gonna have a long and interesting career (already has).
Off Topic - Would it be possible for you to share shorter, tldr versions of your videos? A lot of times I really want to see the video and discover more, but don't have the time on hand. A summary / highlights video under 10 mins would be great.
A 'Scobleizer Shorts' channel on YouTube would be great! :)
it doesn't happen very regularly any more, so when I get the chance, I have to share!
Rule 34, ofc
you're always a year ahead of me. Let me know what else I should catch up to! :-)
as much as i love his idea.. this shit will hurt the free internet as we see it..
I covered Gumroad way back in April, http://blog.louisgray.com/2011/04/gumroad-launches-to-sell-digital-goods.html. :) Gumroad Launches To Sell Digital Goods With a Simple Link
"Any good product leads to porn," he says, in response to whether his product will be used by porn sites. Of course it will!