Cole Hatter is a world-renowned speaker, entrepreneur, and philanthropist. In 2015, he started the event Thrive, a conference for entrepreneurs focused on not only making money, but Making Money Matter. In this quick, 30 minute episode, Cole shares with us his inside tips and tricks.
HOW DO YOU GET SUCH AMAZING SPEAKERS? Like Grant Cardone, Les Brown, Gary Vaynerchuk, Robert Herjavec, Jack Canfield, Kevin Harrington, Eric Thomas, Ed Mylett, Tai Lopez, Naveen Jain, and Jesse Itzler.
We get 600 speaker requests a year and many are doing well financially, but you also have to be a pretty rad person to be speak at THRIVE. We have to be selective.
HOW DO YOU TAILOR YOUR CONTENT AROUND SUCH A MEANINGFUL MESSAGE?
The theme of Thrive is Make Money Matter. Make Money Matter is about making an impact. For example, TOMS shoes. We weave that into the event iN two ways: some speakers are just there to teach on how to make money. It is extremely tactical, not just some cool morning routine. We see Thrive as 70% How-To and 30% about what a difference your money can make. And other speakers are speaking to the heart issue of the entrepreneurs. By Sunday, you will have cried, laugh, and have several pages of notes about what you are actually going to do to start making money immediately.
WHERE DO YOU SEE THE EVENT GOING IN THE FUTURE?
The vision is to fill stadiums! Which is why we keep Thrive affordable. If you compare Thrive to similar events, they are usually 3x or more, more than that. Which can sometimes create confusion, like there must be something wrong with our event because we charge so little, but we want to get this message to the masses. Thrive gives its profits to a charity each year. Last year it was Claire’s Place Foundation and we gave $178,000. This year we’re partnering with Water.org, which is about providing clean water to people in third world countries.
WHAR WERE SOME OF YOUR CHALLENGES DURING THE FIRST YEAR?
Events suck, period. It was incredibly challenging and ,ore emotionally taxing than any other business I’ve ever had. Mostly, because there are so many variables and I have less control. I have 26 speakers that all have lives and every year there is one or two that have an emergency and have to cancel, etc. Also, hotels. They are such a rip off. Marketing is also very difficult due to all the free content online. What sets us apart is that all of our speakers bring NEW content. Plus, the networking and experience is unbeatable. You can’t network on a podcast. Despite the challenges, we keep doing it because we get to meet amazing people and for the stories of success we’ve heard come out of it. But, don’t be a seminar junkie! When are you taking the time to implement what you are learning? I would suggest going to one event a quarter and listen to podcasts always. Learning how to do push ups is one thing, but actually doing them is another. Get information and then implement.
HOW DO YOU CRAFT YOUR ROSTER TO MEET THE MISSION OF YOUR EVENT? BECAUSE EVERY EVENT HAS A MISSION AND A GOAL.
I like how you prefaced that. Our mission: teaching entrepreneurs how to start for-purpose organizations or convert their current organizations to be for-purpose. It is a combination of finding speakers that are just going to teach tactics, as well as some that have lived out the for-purpose aspect. Our goal is to have butts in chairs and to make it a huge success. So another consideration is finding people who have audiences. You need to have influencers on the roster.
HOW DID YOU CHOOSE LAS VEGAS FOR YOUR EVENT?
Thrive was created as a result of losing two close friends that died when I was on my way to Las Vegas. So I did this event to honor them. The next year we did it in San Diego and it was great, but the Manchester hotel was not available for Thrive 3 on the dates we needed. So we went back to Las Vegas last year and were at the Hard Rock. This will probably be the last year in Vegas because we are about to outgrow it. So it started in Vegas out of sentiment, and it’s now in Vegas strictly for production and it is a destination area. It’s easier to get some to go to Vegas than say, Minneapolis. Vegas is more touristy and fun.
ANY LAST THOUGHTS FOR ANYONE WHO ORGANIZES CONFERENCES OR TIPS ON HOW TO MAKE A REALLY GOOD, MEANINGFUL CONFERENCE?
Conferences are becoming extremely popular. You have to figure out a message or narrative, like Make Money Matter, and you need to have a massive following so people want to show up just to see you! When I first started Thrive I had no following and no email list, but I said screw it and did it. The reason it worked is because of the heart of the mission. No one there knew me or cared about me, but I did have big name speakers draw a crowd like Gary Vaynerchuk, Keith Ferrazzi, and Robert Herjavec. And a unique, special mission. There are probably more events now than ever, so if you want one that draws a crowd it has to be something people cant get somewhere else. If you come to Thrive, it feels like nothing else. We work so hard to make that happen, from the color of the lighting to having Bulletproof coffee in the lobby, etc. Put thought into the ambiance.
HOW DO WE FIND OUT MORE ABOUT THRIVE?
It is this September, the 14, 15, and 16. The website is attendthrive.com. Use promo code: MMM to receive 20% off!
Meeting Minds by EideCom