Sergey We're going to come back to the business talk towards the end of the conversation, but right now I want to transition a little bit to you and your story. You mentioned your YouTube and obviously the latest release, but I actually checked that your prior episode before the Chris Do episode was like four years ago and I think you were mainly talking to Indian people in India. So can you tell me a little bit — through the lenses of your show — how did it evolve? Who are you going to invite now? And maybe something about your personal journey and why it was like that before and it is like this now.
Lakshmi I'll talk about the show and the business first and then I'll talk about my personal life journey a little. When I started creating content on YouTube back in 2011 — so 15 years ago — I was one of the early YouTubers in India. The first five years I was very very active. I crafted about 150 episodes all on impact entrepreneurs from across India. Now my revenue wasn't primarily from YouTube and from the content. My revenue came from two other sources that the YouTube channel supported me on. My revenue came from me anchoring events — I was a business anchor. And number two, I had a production house. A lot of clients got in touch with me because of the content and the great quality storytelling that I did on my YouTube channel. I was even hired to run brand YouTube channels end to end. So those were my two revenue channels.
Lakshmi At one point I was also a brand ambassador for a brand called Vaia which basically sells lunch boxes and water bottles and things like that. And they signed me up. You know Christo talks about how he made $120,000 for one post. And what did I get paid? I got paid about $300,000–$400,000 for about 5 days of work in a year. But it finally got there after putting in work for 5 years.
Lakshmi Then I thought to myself — okay, do I want to do something bigger? Do I want to just always be the face of something or do I want to do something else? What would happen if I built something that was bigger than me where I wasn't always at the center of it? Because of the network that the show had built for me and the visibility that my content and personal branding efforts had built for me, I was able to raise a small amount of money and start an angel-funded creative agency which is what Makers is today.
Lakshmi Our vision was that working with large B2B enterprises globally, we should be able to deliver for them whatever they need wherever in the world without necessarily having teams everywhere. Our business is a three-pillar model. The first pillar is the in-house creative team that does all the thinking and the crafting and the strategizing, the design, the copy, maybe even the post-production. The second pillar is something called a collaborative — we work with people like you and a thousand other people across the world to do any on-ground production required or expanded team when required. And the third pillar that brings all of these two pieces together and our clients together is technology. We built our own platform — a technology platform that we own. So everything — our clients, all our collaborators, all our projects, the creative processes, the schedules, the costs, the margins — everything is on the cloud. We as a team of 20 or 30 people can do what would otherwise take 60 people. And I'm hoping that at some point I can make this technology available to other agencies as well.
Lakshmi So I took a complete four to five year break from content because I just wanted to build this business, build this technology, and I wanted to prove that this model, this idea that I had would really work. Now I'm in a place where my tech is almost fully built. We know it works. I've got good clients. We've got a great team. And that's very important because if I didn't have a great team, I wouldn't actually get back out there to create content again.
Lakshmi One of the things — and this is something I want to talk about in the future — small and medium businesses always struggle with handing off. The founders and owners always struggle with handing off. How do I get other people to do this at the same quality that I do the work so that I can step back from this and focus on something else, otherwise this business doesn't grow. The one thing that I've learned to do in this agency is: build processes, train, hire, train, retrain if needed, ensure that this can run with minimal intervention from me.
Sergey I have this thing — I feel like for most of the things that I do on the business front, I want the business to grow so that I'm not necessary. And most people are afraid of that. Most people are afraid — what am I going to do if I don't do this?
Lakshmi For me, I feel like my interests also keep evolving. Like now I'm back to doing my podcast and I want to do it at a global scale with global guests also because my clients are global. Our work is global. The majority of my team is in India but our work is global. And so I want to do the content globally to show clients — hey we could also do something like this for you. And of course I enjoy doing the podcast.
Lakshmi In the next 3 months we're probably doing about 20–30 different shoots in different countries across the world. I'm not involved in any of those shoots. Not in the crew curation, not in the quality checks. There are systems. The producers are experienced. They do it. As founders, as owners, if we want to grow — and I always want to grow, I'm always hungry to grow — we can't grow if we can't put the systems and the training in place that allows us to grow.