WEBVTT - EP 165 | Marketing Masterclass

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<v S1>Welcome to Building Billions, the podcast for business owners who

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<v S1>are getting things done and scaling fast. I've helped business

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<v S1>owners create billions of dollars in value over the past decade,

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<v S1>and now I'm here to share the strategies that actually work.

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<v S1>This show is for the doers, the ones solving problems,

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<v S1>making tough calls, and building real value. If you're ready

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<v S1>for straight talk on what it takes to grow a

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<v S1>massive business, you're in the right place. Let's get to work.

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<v S2>These are the six marketing strategies that help my business

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<v S2>go from a start up to generating $500 million in

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<v S2>five years. And some of these strategies I learned from

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<v S2>partnering with the best of the best in the business

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<v S2>and others. I learned straight up the hard way by

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<v S2>making so many mistakes. Ideally, you don't make the same

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<v S2>mistakes that I did. So here are the six steps

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<v S2>that you can implement today in your own marketing. Welcome

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<v S2>to my marketing masterclass. Business owners. The first strategy is

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<v S2>for you if you're disappointed in your marketing. The problem

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<v S2>is not everyone else. It is your vision. Your marketing

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<v S2>will always fail if you can't articulate your why. I

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<v S2>cannot tell you how many business owners I've worked with

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<v S2>who complain about their leads. They don't have enough leads.

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<v S2>Just give me more leads. All I want is leads.

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<v S2>My business would grow. And then I asked them the

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<v S2>follow up question where do you get your leads? When

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<v S2>is the last time that you looked at the process

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<v S2>that a lead goes through in order to actually become

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<v S2>a customer? And they're like, oh, my marketing agency handles

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<v S2>this for me. Okay, great. How is your marketing agency

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<v S2>supposed to handle something that you yourself can't articulate? You

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<v S2>will never find a marketing agency who is able to

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<v S2>better articulate your business and where you are taking your

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<v S2>business than you. So don't just abdicate this. No one

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<v S2>can read your mind. It is not the marketing agency's business.

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<v S2>The marketing agency business is their business. Your business is

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<v S2>being clear on your vision who your customer is and

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<v S2>obsessing on that process. If you aren't looking at your

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<v S2>ads or where your lead flow is coming from. Of

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<v S2>course you're going to struggle marketing. The cool thing about

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<v S2>marketing is it's learnable, meaning you can learn it. It

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<v S2>does not take some special, really smart, influential person in

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<v S2>order to understand marketing. You as a business owner can

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<v S2>and should learn about your marketing journey. Now, do you

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<v S2>have to know every single piece? No. But where you

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<v S2>get your leads from and actually looking at the ad,

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<v S2>looking at the copy and saying, is this in alignment

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<v S2>with me, my brand and my product? Does this speak

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<v S2>to why I started this business, how this can help people?

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<v S2>And if you don't feel that it does, then that's

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<v S2>your job to ultimately govern, shepherd and be responsible for.

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<v S2>But your responsibility truly is articulating that, being so clear

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<v S2>about it so that other people can take your vision

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<v S2>and bring it to life. And then you say either, yes,

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<v S2>this works, let's go to market with this, or no,

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<v S2>this doesn't work. We have to make changes because this

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<v S2>isn't in alignment with who I am, what my product is,

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<v S2>and who I'm ultimately trying to serve, and how I'm

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<v S2>trying to transform their lives. Never forget that you and

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<v S2>the product is the brand. You are the brand. If

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<v S2>you don't have control of the brand, if you don't

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<v S2>have a vision into the brand, if you are so

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<v S2>able to articulate your vision for this brand, your business

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<v S2>is going to struggle. Your marketing is going to struggle

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<v S2>because you're always going to put it on somebody else.

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<v S2>And whenever you put something on somebody else, it is

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<v S2>destined to fail because you're abdicating responsibility. You're saying, hey,

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<v S2>it's Bob XYZ Marketing Agency's responsibility, and how come they're

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<v S2>bringing me these? And I can't believe they're not able

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<v S2>to do their job, and then you just churn and

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<v S2>churn and churn all of your marketing hires. Well, hold

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<v S2>the freaking phone. Let's take some responsibility for our businesses

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<v S2>and the brand that we are trying to create. If

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<v S2>you are having this experience, I promise you it is

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<v S2>not them. It is you. And the beautiful part about

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<v S2>the problem being you is you can fix that. It

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<v S2>is not somebody else that needs to change, it is

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<v S2>you that needs to change. So how do you change?

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<v S2>You get really clear on who you're serving, what their

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<v S2>needs are, and why they should care about your product

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<v S2>and how it's a solution to their problems. And once

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<v S2>you've clarified who your customer is, what your vision for

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<v S2>your business is, the ideal target and the ideal result

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<v S2>that your customer experiences, they're working with you. Of course,

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<v S2>you can work with an agency. Of course you can

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<v S2>hire an inside marketing person to help you bring that

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<v S2>vision to life. Let's do a little bit of self-reflection

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<v S2>for strategy. Number two, you are being selfish if you

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<v S2>are not marketing your business every single day. So look

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<v S2>back on your calendar and see when is the last

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<v S2>time that I spent the majority of my day marketing

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<v S2>and promoting my business? Because as a CEO, 80% of

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<v S2>your time should be focused on one thing, which is

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<v S2>new revenue, which means new customer acquisition. It is very

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<v S2>difficult to grow and scale a business if the person

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<v S2>who is responsible for growing and scaling it isn't actually

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<v S2>paying attention to what creates growth. And as you look

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<v S2>at a set of financials, you'll notice that a very

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<v S2>small portion of a financial statement actually has revenue and

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<v S2>income producing activities. And so much of it has expenses

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<v S2>and all of the stuff that's required in order to

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<v S2>fulfill on that revenue. But that doesn't mean that you're

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<v S2>supposed to spend the majority of your time on those things.

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<v S2>You're actually, as a CEO, supposed to spend the majority

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<v S2>of your time making your leads warm. How do you

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<v S2>get so known in your market that people just do

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<v S2>business with you, because you have outplayed everybody else in

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<v S2>your market, on your ability to market and be top

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<v S2>of mind to your consumer. Do not fall in this

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<v S2>trap that I find so many business owners fall into,

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<v S2>which is spending all of their time on the service

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<v S2>and the operation of their organization. You can hire people

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<v S2>to do that once you figure out the marketing side,

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<v S2>but if you never figure out the marketing side, you

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<v S2>will never be able to hire people to help you

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<v S2>on the operations. And the sounds counterintuitive. It sounds backwards,

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<v S2>which is why most people actually get stuck not growing

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<v S2>their business, not creating more revenue because it is counterintuitive.

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<v S2>But if you focus the majority on the growth, the

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<v S2>majority on new customer acquisition, and then you are able

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<v S2>to pay somebody for customer retention, pay them well for

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<v S2>customer retention, you can have a thriving business because it

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<v S2>is harder to get the skillset of being a great

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<v S2>marketer than it is an operator. And I can tell

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<v S2>you this because I have interviewed thousands of people. I

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<v S2>have helped businesses find these exact roles inside their organizations.

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<v S2>Learning how to market and position a business is a

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<v S2>much more difficult skill set to find, but once you

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<v S2>yourself acquire it, you're no longer dependent upon other people

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<v S2>to get this for you, because you understand intuitively what

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<v S2>it takes to grow your business. It's how you position

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<v S2>your brand. It's how you talk to those customers. So

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<v S2>I would recommend you pull out your calendar and you

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<v S2>start x-ing out areas that are totally focused on fulfillment,

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<v S2>and you replace that time with revenue generating activities, with

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<v S2>marketing and promoting your business every single day. There's really

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<v S2>only a handful of ways to truly increase your revenue.

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<v S2>You can acquire more customers, which is what we're talking about.

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<v S2>You can raise your prices, which I do recommend you

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<v S2>do increase your profit margin, or you can retain your

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<v S2>existing customers. And in a properly functioning business, you do

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<v S2>all of those things. But the main growth has to

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<v S2>come from the acquisition of new customers. If you do

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<v S2>not learn this very valuable skill set, it will be

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<v S2>impossible for you to create the business that you want.

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<v S2>Solving operational problems is for other people in your business. Yes.

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<v S2>Do you have to be involved? Yes. Do you have

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<v S2>to understand your customer? Of course. But your primary function

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<v S2>should be the acquisition of new customers, making your leads

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<v S2>so warm. And you understand that a marketing first CEO

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<v S2>versus an operations first CEO is a much more valuable

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<v S2>skillset and will ultimately lead you to greater growth. Instead

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<v S2>of you assuming you are always going to find some

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<v S2>marketer who's going to be able to help you. I'm

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<v S2>ripping the frickin Band-Aid off for you. Now, learn this

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<v S2>skill set, and you will never be dependent on somebody else.

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<v S2>Some agency, some marketer, to solve this mystical, magical thing

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<v S2>that needs to be solved in your business to grow.

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<v S2>So now that we've taken accountability, a strategy, number three

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<v S2>is to take advantage of the best free marketing tool

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<v S2>that exists in the world, social media. If your brand

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<v S2>isn't on social media, you are leaving money on the table.

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<v S2>You're quite literally saying, I don't want to participate in

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<v S2>this once in a lifetime opportunity, a once in a generation,

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<v S2>a once in a human being opportunity, which is the

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<v S2>fact that we live in a time where you can

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<v S2>promote your business to anyone in the world who has

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<v S2>a device that looks like this, and they're able to

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<v S2>see it for free. In this day and age that

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<v S2>we live in, where we have interest based algorithms. If

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<v S2>you are interested in hair haircare. If you're interested in

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<v S2>pest control or you like watching pimple popping videos, you

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<v S2>can actually find other people who like those things too.

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<v S2>And you can build businesses around interest space. It is

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<v S2>not you having the biggest following. It is not you

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<v S2>paying thousands, if not millions of dollars on the most

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<v S2>incredible ad campaigns that are only controlled by a handful

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<v S2>of people. If you create fantastic content about your product,

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<v S2>your service, your solution, and you are able to tell

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<v S2>that story to your target customer, and you're able to

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<v S2>pique their interest in how you can be a solution

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<v S2>to their problem, you have unlimited access, and this has

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<v S2>never before happened in the world that we live in.

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<v S2>So if you're not on social media and you are

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<v S2>not using social media as a way to promote your business,

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<v S2>to market your business, you are quite literally just saying,

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<v S2>I'm going to try to figure this out on my own.

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<v S2>I'm gonna forget that all of this stuff is happening.

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<v S2>I'm going to put my blinders on, I'm going to

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<v S2>live in a hole, and I'm going to do this

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<v S2>the hard way. Because the easiest way to market your

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<v S2>business today to get the ideal customer that you want.

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<v S2>Is through using social media. And 77% of consumers prefer

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<v S2>shopping with brands that they already follow on social media.

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<v S2>Think about the last time you bought something. I have

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<v S2>a feeling that if you go back and open up

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<v S2>your credit card transactions, you're going to find that your

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<v S2>most recent purchases have had everything to do with the

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<v S2>people that you follow on social media with the recommendations

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<v S2>that they make, maybe with the brands who served you

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<v S2>in an ad. This is not going away. In fact,

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<v S2>I actually just had to pause the recording of this

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<v S2>video because I am very interested in ordering the road

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<v S2>lip treatment. That is a special edition holiday drop that

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<v S2>I literally just had to say, like, wait a second,

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<v S2>it just came out, so I need to go do this.

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<v S2>Why am I buying that? Because I was influenced via

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<v S2>social media. So if I'm trying to think, how am

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<v S2>I going to market my business if I am not

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<v S2>already leveraging social media, where I know where 77% of

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<v S2>consumers prefer to shop, then you're missing the greatest opportunity

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<v S2>as a business owner, as a marketer to hop into

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<v S2>something that starts for free. You have to lean into

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<v S2>this because they are free, they are available to you.

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<v S2>And the only difference between people who figure it out

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<v S2>and people who don't are the people who just decide,

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<v S2>I'll figure this out. You see, I work with so

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<v S2>many small business owners and most do not have the

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<v S2>bandwidth to be on every single platform, and I wouldn't

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<v S2>recommend that you start with every platform. There's Twitter aka X,

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<v S2>there's LinkedIn, Facebook, Instagram, YouTube, TikTok, all the options. What

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<v S2>I recommend you do is you find the platform, the

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<v S2>one platform that you know your target customer predominantly uses.

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<v S2>In all likelihood, this is going to be YouTube or

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<v S2>it is going to be Instagram. Now, if you happen

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<v S2>to serve a younger demographic, I would recommend TikTok because

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<v S2>TikTok is phenomenal for a younger demographic and it is

0:11:32.179 --> 0:11:35.150
<v S2>continuing to get older and older as the months go on.

0:11:35.150 --> 0:11:38.339
<v S2>But do your research on who your customer is and

0:11:38.340 --> 0:11:41.220
<v S2>where they spend their time across the social media landscape,

0:11:41.220 --> 0:11:45.330
<v S2>and pick one platform on that platform, you have to

0:11:45.330 --> 0:11:47.550
<v S2>learn how to use it. You should be a master

0:11:47.550 --> 0:11:50.370
<v S2>if you choose Instagram, you are the person who no

0:11:50.370 --> 0:11:53.670
<v S2>longer says, oh, I don't know how to use this platform. Oh,

0:11:53.700 --> 0:11:56.640
<v S2>I have no idea how to edit or how to

0:11:56.670 --> 0:11:59.880
<v S2>use the little stickers. Freaking figure it out. It is

0:11:59.880 --> 0:12:02.220
<v S2>not that hard to learn as I mentioned. What did

0:12:02.220 --> 0:12:05.069
<v S2>I say before I said it is learnable. You have

0:12:05.070 --> 0:12:07.229
<v S2>the ability to learn it and it is not just

0:12:07.230 --> 0:12:09.960
<v S2>for young people, it is for every single age you

0:12:09.960 --> 0:12:12.420
<v S2>can learn it. You have to go in with that belief.

0:12:12.450 --> 0:12:15.810
<v S2>You can and you will learn it. So once you

0:12:15.809 --> 0:12:19.770
<v S2>pick the platform, make a commitment for the next 90 days,

0:12:19.770 --> 0:12:22.650
<v S2>you are going to spend at least 90 minutes a

0:12:22.650 --> 0:12:26.069
<v S2>day creating content for that platform. That's going to be

0:12:26.070 --> 0:12:29.220
<v S2>your commitment 90 days, 90 minutes a day. You are

0:12:29.220 --> 0:12:31.920
<v S2>going to create content because that is the only way

0:12:31.920 --> 0:12:34.080
<v S2>that you actually learn these platforms. You do not learn

0:12:34.080 --> 0:12:37.030
<v S2>it through reading a book. There's no book, unfortunately. I

0:12:37.030 --> 0:12:39.580
<v S2>wish there was. But there isn't a book because things

0:12:39.580 --> 0:12:42.459
<v S2>change so frequently, and the way that you understand the

0:12:42.460 --> 0:12:46.360
<v S2>zeitgeist behind these platforms is you use them and all

0:12:46.360 --> 0:12:48.340
<v S2>of a sudden, I promise you, if you do this

0:12:48.340 --> 0:12:51.790
<v S2>for 90 days, where you create consistent content for 90 minutes,

0:12:51.790 --> 0:12:54.550
<v S2>ideally that's three videos. You will start to understand how

0:12:54.550 --> 0:12:56.620
<v S2>to use the platform, and once you hit that 90

0:12:56.650 --> 0:13:00.580
<v S2>day mark, then you can start running ads on that platform.

0:13:00.580 --> 0:13:02.980
<v S2>But you might not even have to use ads because

0:13:02.980 --> 0:13:07.630
<v S2>you could create content, also known as organic content that

0:13:07.630 --> 0:13:11.260
<v S2>performs well, that talks to the pain point of your customers,

0:13:11.260 --> 0:13:14.470
<v S2>where you build a conversation and a community around your

0:13:14.470 --> 0:13:16.990
<v S2>product and your service to where you can push ads

0:13:16.990 --> 0:13:20.380
<v S2>way down the road. And there are countless examples of

0:13:20.380 --> 0:13:22.809
<v S2>people who are doing this across all the social media

0:13:22.809 --> 0:13:26.350
<v S2>platforms right now. One of my favorite is Strawberry Milk Mob.

0:13:26.350 --> 0:13:29.290
<v S2>She is hilarious. She is awesome. She's on TikTok, she

0:13:29.290 --> 0:13:32.679
<v S2>sells swimsuits, and she's created a seven figure plus business

0:13:32.679 --> 0:13:37.170
<v S2>selling swimsuits online all through organic content. If we're sticking

0:13:37.170 --> 0:13:39.209
<v S2>on the girly side of things. I also think of

0:13:39.210 --> 0:13:43.709
<v S2>Odd Muse, who went from a startup in 2019 to

0:13:43.740 --> 0:13:46.710
<v S2>having over $15 million in sales all through sharing the

0:13:46.710 --> 0:13:49.410
<v S2>brand story in a very organic way from a founder's

0:13:49.410 --> 0:13:51.449
<v S2>point of view. There are so many examples of people

0:13:51.450 --> 0:13:53.940
<v S2>who are doing this, and they are doing it successfully,

0:13:53.940 --> 0:13:56.460
<v S2>and it starts with their commitment. So that's what I'm

0:13:56.460 --> 0:13:59.520
<v S2>asking of you. Commitment for 90 days. If you want

0:13:59.550 --> 0:14:02.880
<v S2>to be a marketer, I promise you in 90 days

0:14:02.880 --> 0:14:05.220
<v S2>from now, if you spend 90 minutes a day for

0:14:05.250 --> 0:14:08.790
<v S2>90 days, you will change your perspective on how to

0:14:08.820 --> 0:14:10.860
<v S2>use social media and you will walk into a room

0:14:10.890 --> 0:14:13.350
<v S2>being really confident. And people will ask you, oh, how

0:14:13.350 --> 0:14:15.120
<v S2>do you record those videos? How do you do that? Oh,

0:14:15.120 --> 0:14:17.850
<v S2>it's so confusing. Guess what? I know how to do this.

0:14:17.850 --> 0:14:20.280
<v S2>I know how to answer your questions and I make

0:14:20.310 --> 0:14:22.770
<v S2>a shit ton of money doing it, which is the

0:14:22.770 --> 0:14:24.359
<v S2>best of all worlds. We do not just want to

0:14:24.360 --> 0:14:28.530
<v S2>be influencers around here. We want marketing that makes money. Now,

0:14:28.530 --> 0:14:32.100
<v S2>this fourth strategy can save you years of mistakes because

0:14:32.130 --> 0:14:35.620
<v S2>quite honestly, why spend all of your time begging your

0:14:35.620 --> 0:14:39.790
<v S2>audience to buy from you when you can collaborate instead?

0:14:39.790 --> 0:14:42.940
<v S2>This is the fastest way to grow your brand and

0:14:42.940 --> 0:14:48.970
<v S2>to market well. You see, collaboration is the new currency.

0:14:48.970 --> 0:14:51.190
<v S2>This is exactly how we started Cartel Ventures. We knew

0:14:51.220 --> 0:14:52.780
<v S2>that we had a skill set, and that if we

0:14:52.780 --> 0:14:55.330
<v S2>partnered with somebody who already had a large audience, that

0:14:55.330 --> 0:14:58.420
<v S2>we could just multiply the success and make it go faster.

0:14:58.420 --> 0:15:00.370
<v S2>So this is why we partnered with Grant and Elena Cardone,

0:15:00.370 --> 0:15:03.640
<v S2>because we recognize that they had an audience. They had

0:15:03.640 --> 0:15:07.360
<v S2>a group of people who loved them, who trusted their

0:15:07.360 --> 0:15:10.390
<v S2>brand and who we could be additive to. And so

0:15:10.420 --> 0:15:12.790
<v S2>instead of us doing this the hard way, creating a

0:15:12.790 --> 0:15:16.060
<v S2>brand from scratch, we leveraged the brand that they had

0:15:16.060 --> 0:15:19.300
<v S2>that already existed to provide products and services that they

0:15:19.300 --> 0:15:22.870
<v S2>didn't already have, to be able to come to the marketplace,

0:15:22.870 --> 0:15:25.720
<v S2>to their audience and say, hey, here is an extension

0:15:25.720 --> 0:15:28.360
<v S2>on what you already know from ten X. You might

0:15:28.360 --> 0:15:31.160
<v S2>be in their sales programs. You might have learned marketing

0:15:31.160 --> 0:15:33.110
<v S2>from them, or you might be investing in real estate

0:15:33.110 --> 0:15:36.380
<v S2>with them. That's awesome. But wait, there's more. Now there

0:15:36.380 --> 0:15:39.080
<v S2>is business consulting. There is private equity. There is additional

0:15:39.080 --> 0:15:43.250
<v S2>education and all sorts of programs around people, operations, finance,

0:15:43.250 --> 0:15:45.740
<v S2>everything that a small business owner needs. We are now

0:15:45.740 --> 0:15:48.890
<v S2>able to add on to the existing tax business. And

0:15:48.890 --> 0:15:50.660
<v S2>so when we did this and we brought this idea

0:15:50.660 --> 0:15:53.450
<v S2>to Grant and Allen in 2019, they opened up their

0:15:53.450 --> 0:15:57.560
<v S2>audience to us. And this kickstarted our success. Because you

0:15:57.560 --> 0:16:01.070
<v S2>don't have to do this alone. You can collaborate with

0:16:01.070 --> 0:16:04.730
<v S2>people in your area, in your industry, somebody who is

0:16:04.730 --> 0:16:07.490
<v S2>doing something that's similar, who already has an audience, where

0:16:07.490 --> 0:16:10.070
<v S2>you can say, hey, this is my track record. This

0:16:10.070 --> 0:16:12.650
<v S2>is why I'm already successful doing what I do. What

0:16:12.650 --> 0:16:14.570
<v S2>if we did this together? This is what's in it

0:16:14.570 --> 0:16:17.239
<v S2>for you, and we can do it so much faster.

0:16:17.240 --> 0:16:20.900
<v S2>This will save you years off of figuring it out,

0:16:20.930 --> 0:16:23.479
<v S2>doing it the hard way. Especially if you can find

0:16:23.510 --> 0:16:28.190
<v S2>somebody who already knows social media, email marketing and funnels

0:16:28.190 --> 0:16:31.080
<v S2>and all of this stuff. Now you still have to

0:16:31.080 --> 0:16:33.780
<v S2>learn this. As we talked about, you cannot just make

0:16:33.780 --> 0:16:36.570
<v S2>this somebody else's responsibility. You cannot just not learn these

0:16:36.570 --> 0:16:38.700
<v S2>lessons on your own. But if there is somebody who

0:16:38.700 --> 0:16:42.600
<v S2>has an existing audience collaborate with them, do not think

0:16:42.600 --> 0:16:44.820
<v S2>of them as competition. I just recently worked with a

0:16:44.820 --> 0:16:48.990
<v S2>business owner and he is phenomenally successful. There's another business

0:16:48.990 --> 0:16:51.210
<v S2>owner that is in the exact same space that has

0:16:51.210 --> 0:16:55.350
<v S2>recently joined our group, and business owner A was frustrated

0:16:55.350 --> 0:16:57.720
<v S2>because he's like, I can't believe you guys are now

0:16:57.720 --> 0:17:00.960
<v S2>doing business with him. He's in my space now. We're competing.

0:17:00.960 --> 0:17:02.670
<v S2>You guys are going to give us the same strategies.

0:17:02.670 --> 0:17:06.270
<v S2>And I said, don't be so short sighted. He's actually

0:17:06.270 --> 0:17:08.400
<v S2>interested in selling. He doesn't want to do this any

0:17:08.400 --> 0:17:11.369
<v S2>longer for a variety of different personal reasons. So instead

0:17:11.369 --> 0:17:13.500
<v S2>of you thinking, oh, I don't want to work with

0:17:13.500 --> 0:17:14.760
<v S2>this person, or I don't want to be in a

0:17:14.760 --> 0:17:17.399
<v S2>group with this person, use this as an opportunity to

0:17:17.430 --> 0:17:20.550
<v S2>collaborate because he could bring you clients. An ideal scene

0:17:20.550 --> 0:17:23.100
<v S2>is you actually buy his business for pennies on the

0:17:23.100 --> 0:17:26.870
<v S2>dollar because he wants to get out, and your short

0:17:26.869 --> 0:17:28.880
<v S2>sightedness is going to prevent you from even seeing this

0:17:28.910 --> 0:17:31.670
<v S2>as an opportunity because you're so used to competing. So

0:17:31.670 --> 0:17:33.560
<v S2>if I was a small business owner, what I would

0:17:33.560 --> 0:17:36.680
<v S2>be doing in my marketplace is saying, who is beating me?

0:17:36.710 --> 0:17:39.740
<v S2>It is likely that you do have competition that's beating you.

0:17:39.770 --> 0:17:42.230
<v S2>How could you collaborate if you made a list of

0:17:42.230 --> 0:17:44.960
<v S2>your top ten competitors? And you also made a list

0:17:44.960 --> 0:17:47.330
<v S2>of the top ten people who are doing something in

0:17:47.330 --> 0:17:51.139
<v S2>a similar space that's connected. But they have big audiences,

0:17:51.140 --> 0:17:53.510
<v S2>they have big followings, and or they have a great

0:17:53.510 --> 0:17:57.290
<v S2>presence in your community. How can I use these relationships,

0:17:57.290 --> 0:18:01.070
<v S2>this list of 20 people to create on what growth

0:18:01.070 --> 0:18:03.710
<v S2>could look like through working together, instead of thinking about

0:18:03.710 --> 0:18:05.989
<v S2>it as I'm competing with this person, or I have

0:18:05.990 --> 0:18:07.850
<v S2>to figure out how to crush this person, I have

0:18:07.850 --> 0:18:10.129
<v S2>a feeling that across those 20 relationships, you will at

0:18:10.160 --> 0:18:12.859
<v S2>least find one where there are opportunities for you to

0:18:12.890 --> 0:18:15.379
<v S2>do something in your town, in your market, across your

0:18:15.380 --> 0:18:17.959
<v S2>different products, that bring both of your customers to the

0:18:17.960 --> 0:18:22.400
<v S2>table and create an incredible experience for your community, for

0:18:22.400 --> 0:18:26.070
<v S2>your brand that creates growth instead of you thinking that

0:18:26.070 --> 0:18:28.830
<v S2>the world is against you and there's no possibility or

0:18:28.830 --> 0:18:30.960
<v S2>hope of collaboration. Because this is one of those secret

0:18:30.990 --> 0:18:35.340
<v S2>tricks that successful people understand and they implement constantly, while

0:18:35.340 --> 0:18:38.550
<v S2>unsuccessful people think that they have to do everything all

0:18:38.550 --> 0:18:41.580
<v S2>on their own. You can collaborate with anybody. If you're

0:18:41.580 --> 0:18:44.639
<v S2>in the HVAC space, how could you collaborate with somebody

0:18:44.640 --> 0:18:48.840
<v S2>else who's in the home services space, maybe plumbing or roofing?

0:18:48.840 --> 0:18:51.060
<v S2>And you say, great, I had this customer list. We

0:18:51.060 --> 0:18:54.149
<v S2>have all of these clients who aren't new installs, but

0:18:54.150 --> 0:18:57.660
<v S2>they are on warranty with us for many years to come.

0:18:57.660 --> 0:19:00.510
<v S2>You could service the same home ABC plumbing business and

0:19:00.510 --> 0:19:03.450
<v S2>we could share leads, create a community event where both

0:19:03.450 --> 0:19:06.720
<v S2>of our businesses honor and celebrate our best customers, and

0:19:06.720 --> 0:19:09.660
<v S2>we cross refer to each other. That is a no brainer,

0:19:09.660 --> 0:19:13.649
<v S2>and we see ridiculous success from people coming up with

0:19:13.650 --> 0:19:17.280
<v S2>ideas like this, from small business owners who actually leverage

0:19:17.280 --> 0:19:19.410
<v S2>their network instead of thinking that they have to build

0:19:19.410 --> 0:19:21.930
<v S2>everything separate. Now, a more traditional idea when people think

0:19:21.930 --> 0:19:25.970
<v S2>about collaborating is with social media influencers to promote products,

0:19:25.970 --> 0:19:29.210
<v S2>services and your brand. I think this is a fantastic

0:19:29.210 --> 0:19:32.060
<v S2>way to go, but can be a little bit more difficult.

0:19:32.060 --> 0:19:34.280
<v S2>And if you are going to go this route, how

0:19:34.280 --> 0:19:36.650
<v S2>can you be unique? What is something that you can

0:19:36.650 --> 0:19:41.000
<v S2>offer somebody that is special and different and not just

0:19:41.000 --> 0:19:44.000
<v S2>what everybody else does? What I mentioned earlier about thinking

0:19:44.000 --> 0:19:48.050
<v S2>about yourself as 80% of your time is marketing. How

0:19:48.050 --> 0:19:50.570
<v S2>can you think about in the shower in the morning?

0:19:50.570 --> 0:19:52.970
<v S2>What is a good way that this influencer would want

0:19:52.970 --> 0:19:55.040
<v S2>to work with me? You have your targeted list of

0:19:55.040 --> 0:19:57.890
<v S2>people that you would be thrilled over the moon if

0:19:57.890 --> 0:20:00.590
<v S2>they collaborated with your brand. Think about how you could

0:20:00.590 --> 0:20:05.210
<v S2>collaborate with them all the time. Obsess on it. What

0:20:05.210 --> 0:20:07.939
<v S2>can you offer them? What is a problem that you

0:20:07.940 --> 0:20:10.520
<v S2>can solve? Influencers have a lot of people throwing a

0:20:10.520 --> 0:20:13.879
<v S2>lot of different stuff at them, so truly understanding how

0:20:13.880 --> 0:20:16.790
<v S2>to make your pitch unique to that person, make it

0:20:16.820 --> 0:20:20.060
<v S2>one on one to that person and reach out and

0:20:20.060 --> 0:20:23.010
<v S2>follow up with that individual will actually get you further

0:20:23.010 --> 0:20:25.379
<v S2>than you think. But it always starts with creating a

0:20:25.380 --> 0:20:29.040
<v S2>list of people. Always, always, always. Who is your ideal

0:20:29.040 --> 0:20:32.399
<v S2>list of influencers? Who is your ideal list of collaborators,

0:20:32.400 --> 0:20:35.640
<v S2>and how can you create on those relationships so that

0:20:35.640 --> 0:20:38.790
<v S2>you can solve their problems in a very unique and

0:20:38.790 --> 0:20:42.060
<v S2>authentic way to your business? Next up, strategy five is

0:20:42.060 --> 0:20:45.690
<v S2>realizing that the wrong role models can ruin your business.

0:20:45.720 --> 0:20:51.180
<v S2>My ultimate hack is knowing what actually works and not guessing.

0:20:51.180 --> 0:20:54.210
<v S2>So many people just copy what somebody else is doing,

0:20:54.210 --> 0:20:57.389
<v S2>but they don't understand anything about that person's business. They

0:20:57.390 --> 0:20:59.760
<v S2>look at an ad, or they look at some front

0:20:59.790 --> 0:21:02.490
<v S2>end offer that they're making, and they price based off

0:21:02.490 --> 0:21:05.670
<v S2>of this. They market based off of this, when really

0:21:05.670 --> 0:21:08.340
<v S2>that person could be going broke in their business. And

0:21:08.340 --> 0:21:11.250
<v S2>that person's website that looks so beautiful that you're copying,

0:21:11.250 --> 0:21:13.950
<v S2>that you think is so successful, could not be making money,

0:21:13.980 --> 0:21:16.739
<v S2>could potentially be losing money, and practically be going out

0:21:16.740 --> 0:21:19.520
<v S2>of business. So stop thinking that you should be copying

0:21:19.520 --> 0:21:24.260
<v S2>what looks nice. What looks pretty. Look at your competition.

0:21:24.260 --> 0:21:28.429
<v S2>Who is actually executing and what's so cool if you

0:21:28.460 --> 0:21:30.859
<v S2>are really honest about yourself, is you can figure out

0:21:30.859 --> 0:21:33.440
<v S2>what your competition is doing. There are team members that

0:21:33.440 --> 0:21:36.470
<v S2>work there. There are relationships with the actual owners that

0:21:36.470 --> 0:21:40.220
<v S2>you can establish to understand how much money are they making,

0:21:40.220 --> 0:21:42.889
<v S2>what is working and what's not working. Going back to

0:21:42.920 --> 0:21:45.379
<v S2>collaboration is the new currency. I have a feeling that

0:21:45.380 --> 0:21:48.290
<v S2>if you just ask the question, you're creating relationships and

0:21:48.290 --> 0:21:51.619
<v S2>through networking that they are more transparent than you think.

0:21:51.619 --> 0:21:54.770
<v S2>And I know that people who are successful have no

0:21:54.770 --> 0:21:57.920
<v S2>problem actually sharing what's creating the success. People who aren't

0:21:57.920 --> 0:22:00.110
<v S2>successful are the ones who don't want to talk about

0:22:00.109 --> 0:22:02.929
<v S2>their numbers. And it's all like a smoke and mirror show.

0:22:02.930 --> 0:22:06.709
<v S2>So stop using what the competition is doing as your baseline,

0:22:06.710 --> 0:22:09.919
<v S2>because 97% of businesses go out of business within ten

0:22:09.920 --> 0:22:13.730
<v S2>years and most barely make a profit. So stop looking

0:22:13.730 --> 0:22:16.730
<v S2>at what they're doing and assuming that what they're doing

0:22:16.760 --> 0:22:20.240
<v S2>actually works. I was working with a client just last week,

0:22:20.240 --> 0:22:22.490
<v S2>and she was telling me all about this new campaign

0:22:22.490 --> 0:22:25.129
<v S2>that she launched, and she was frustrated because it wasn't

0:22:25.130 --> 0:22:26.869
<v S2>working the way that she thought it was going to.

0:22:26.900 --> 0:22:29.300
<v S2>And she asked me to take a look at it.

0:22:29.300 --> 0:22:31.010
<v S2>So I opened up all of her ads, and I

0:22:31.010 --> 0:22:33.020
<v S2>opened up her funnels, and I said, why did you

0:22:33.020 --> 0:22:36.290
<v S2>make this specific decision to talk to your customer in

0:22:36.290 --> 0:22:39.439
<v S2>this way? It feels very inconsistent with the rest of

0:22:39.440 --> 0:22:41.570
<v S2>your brand and how you position yourself. At which point

0:22:41.570 --> 0:22:44.359
<v S2>she said to me, my competition is doing it this way.

0:22:44.359 --> 0:22:46.429
<v S2>So I figured I would just hack what they were

0:22:46.430 --> 0:22:50.750
<v S2>doing and do it myself. I was like, no, no, no,

0:22:50.750 --> 0:22:53.600
<v S2>this is not the way to do this. Your competition

0:22:53.600 --> 0:22:56.660
<v S2>could be going out of business. You don't actually know

0:22:56.690 --> 0:23:00.050
<v S2>unless you've asked the question. And she hadn't asked the question.

0:23:00.050 --> 0:23:04.160
<v S2>She didn't know if her competition was truly financially doing

0:23:04.160 --> 0:23:07.430
<v S2>better than her. So she used this campaign and just

0:23:07.430 --> 0:23:10.040
<v S2>mimicked it, thinking it was going to work. But if

0:23:10.040 --> 0:23:12.050
<v S2>it's not working for them, it's probably not going to

0:23:12.050 --> 0:23:13.699
<v S2>work for her. And it didn't work for her, and

0:23:13.700 --> 0:23:16.180
<v S2>it felt icky. And that was why it was broken,

0:23:16.180 --> 0:23:19.060
<v S2>because she didn't understand what she was actually trying to

0:23:19.060 --> 0:23:21.969
<v S2>do and how she was using her brand as the

0:23:21.970 --> 0:23:25.359
<v S2>filtering mechanism for whether or not she wanted to record

0:23:25.359 --> 0:23:27.220
<v S2>the ads, whether or not she wanted to position it,

0:23:27.220 --> 0:23:28.869
<v S2>the way that she was positioning it, and how the

0:23:28.869 --> 0:23:31.810
<v S2>copy was worded. Every single time that you use somebody

0:23:31.810 --> 0:23:35.290
<v S2>else's measurement for success and you don't dive into what

0:23:35.290 --> 0:23:39.790
<v S2>makes you unique, what makes you valuable, what is different

0:23:39.790 --> 0:23:42.850
<v S2>about your product offering? You're just going to fall into

0:23:42.850 --> 0:23:45.189
<v S2>this trap, and then you're going to be victimized. Because

0:23:45.220 --> 0:23:49.060
<v S2>my marketing isn't working. Your marketing isn't working because you

0:23:49.060 --> 0:23:52.060
<v S2>don't know what your positioning is. Never copy somebody else

0:23:52.060 --> 0:23:56.050
<v S2>and just assume that it's working. Understand what makes you different.

0:23:56.050 --> 0:23:58.780
<v S2>And your target should always be doing what your competition

0:23:58.780 --> 0:24:01.449
<v S2>is doing better. You can absolutely look at what your

0:24:01.450 --> 0:24:05.230
<v S2>competition is doing, especially if you know from a numeric

0:24:05.230 --> 0:24:07.960
<v S2>standpoint that they are actually beating you. But just because

0:24:07.960 --> 0:24:10.420
<v S2>their competition in your mind doesn't actually mean that they

0:24:10.420 --> 0:24:13.830
<v S2>truly are your competition. Because if you don't have financial visibility.

0:24:13.830 --> 0:24:16.199
<v S2>If you don't have financial transparency, you don't actually know

0:24:16.200 --> 0:24:18.090
<v S2>if they're your competition. This is why we talk about

0:24:18.119 --> 0:24:20.010
<v S2>our numbers all the time. We say over the last

0:24:20.010 --> 0:24:22.590
<v S2>five years, we've generated $500 million in revenue because we

0:24:22.590 --> 0:24:25.530
<v S2>don't want to sound like every other business scaling expert

0:24:25.560 --> 0:24:29.340
<v S2>who talks about business scaling opportunities, when really they've made

0:24:29.340 --> 0:24:31.979
<v S2>a business that might have scaled to 3 million. That's

0:24:31.980 --> 0:24:33.480
<v S2>not what we do. We know that we have the

0:24:33.480 --> 0:24:36.330
<v S2>expertise that we have because we practice it within our business,

0:24:36.330 --> 0:24:39.060
<v S2>and then we showcase the clients who are also having success.

0:24:39.060 --> 0:24:42.659
<v S2>So we quantify it. Our competition, who isn't doing what

0:24:42.660 --> 0:24:45.180
<v S2>we're doing is probably looking at us. And they should

0:24:45.210 --> 0:24:48.030
<v S2>actually be funnel hacking what we're doing, because I can

0:24:48.030 --> 0:24:49.950
<v S2>tell you that it works and we make a lot

0:24:49.980 --> 0:24:53.280
<v S2>of money and we help a lot of people because

0:24:53.280 --> 0:24:55.980
<v S2>it works. This is a very different instance than you

0:24:56.010 --> 0:24:59.250
<v S2>mocking up that your competitors are doing really well without

0:24:59.250 --> 0:25:02.939
<v S2>actually knowing, quantifying that data and truly determining if they

0:25:02.970 --> 0:25:04.830
<v S2>are your competitor. Because if they are not doing what

0:25:04.830 --> 0:25:06.929
<v S2>you were doing, at least in revenue, and they are

0:25:06.930 --> 0:25:09.090
<v S2>not making the profit that you are making, then they

0:25:09.090 --> 0:25:11.430
<v S2>might not actually be your competition and you should look

0:25:11.430 --> 0:25:15.990
<v S2>to other businesses, other industries where you do know that

0:25:15.990 --> 0:25:18.660
<v S2>they are making a crap ton of money because they

0:25:18.660 --> 0:25:22.020
<v S2>add an extraordinary amount of value, more value than who

0:25:22.050 --> 0:25:25.050
<v S2>they are competing against. And you copy what they are

0:25:25.050 --> 0:25:28.230
<v S2>doing because positioning your marketing as you are the best.

0:25:28.230 --> 0:25:30.659
<v S2>You are the top of the market. You provide the

0:25:30.660 --> 0:25:34.620
<v S2>most value is the best way to win the marketing game.

0:25:34.619 --> 0:25:36.990
<v S2>You are able to market off of true results. You're

0:25:36.990 --> 0:25:39.270
<v S2>able to market off of the real problems that you solve,

0:25:39.300 --> 0:25:42.090
<v S2>not based off of something that you're copying. Assuming that

0:25:42.090 --> 0:25:45.000
<v S2>somebody else knows what the heck they're doing, they likely don't.

0:25:45.000 --> 0:25:48.119
<v S2>So take that responsibility on your own, and I promise you,

0:25:48.150 --> 0:25:49.920
<v S2>you will feel better about your brand, and your brand

0:25:49.920 --> 0:25:52.620
<v S2>will actually grow because you're focused on the right things,

0:25:52.650 --> 0:25:56.280
<v S2>adding value to your customers and then telling people about it,

0:25:56.310 --> 0:25:59.610
<v S2>which is what marketing is. Strategy six is about not

0:25:59.609 --> 0:26:05.250
<v S2>making excuses. Creativity doesn't come first. Commitment does. We have

0:26:05.280 --> 0:26:09.980
<v S2>a saying around here is quite literally creativity follows commitment.

0:26:09.980 --> 0:26:13.850
<v S2>The secret to great ideas is simple keep doing the work.

0:26:13.880 --> 0:26:16.340
<v S2>There is no moment of creativity where you are just

0:26:16.340 --> 0:26:19.189
<v S2>going to feel like creating content every single day, and

0:26:19.190 --> 0:26:21.410
<v S2>it's just going to be wonderful and blissful, and you're

0:26:21.410 --> 0:26:23.600
<v S2>always going to be in this super creative state to

0:26:23.630 --> 0:26:27.350
<v S2>be able to create the best content. No. Creativity follows

0:26:27.350 --> 0:26:31.220
<v S2>your commitment to create content. Back in the day, before

0:26:31.220 --> 0:26:33.169
<v S2>I started Kala Ventures, I decided I was going to

0:26:33.170 --> 0:26:34.670
<v S2>launch a blog and I was like, I'm just going

0:26:34.670 --> 0:26:36.470
<v S2>to commit to this thing in order for me to

0:26:36.500 --> 0:26:39.230
<v S2>get the result that I'm looking for. So my commitment

0:26:39.230 --> 0:26:43.250
<v S2>was one blog post every single day, Monday through Friday,

0:26:43.250 --> 0:26:45.740
<v S2>and there were so many nights where it was 11:00

0:26:45.740 --> 0:26:47.480
<v S2>at night, and I didn't have a blog post for

0:26:47.480 --> 0:26:49.940
<v S2>the next day, and it's not like I felt like it.

0:26:49.970 --> 0:26:52.310
<v S2>It's not like there were some great ideas that came

0:26:52.310 --> 0:26:55.040
<v S2>to me because it was just the best vibe. And

0:26:55.040 --> 0:26:57.350
<v S2>I had the candles burning. No, it never was like that.

0:26:57.380 --> 0:27:00.139
<v S2>I was like, shit, I have to do this. Therefore,

0:27:00.140 --> 0:27:02.690
<v S2>an idea is going to have to come to me.

0:27:02.690 --> 0:27:06.080
<v S2>I'm going to have to use my environment, my surroundings.

0:27:06.080 --> 0:27:10.260
<v S2>I'm going to have to research Because my creativity, my ideas,

0:27:10.290 --> 0:27:12.899
<v S2>are following the fact that I'm committed to doing this

0:27:12.900 --> 0:27:15.300
<v S2>with one blog post every single day. And when you

0:27:15.300 --> 0:27:17.490
<v S2>become the person who says they're going to do something

0:27:17.490 --> 0:27:22.020
<v S2>and actually does it, ideas will follow because you have

0:27:22.020 --> 0:27:24.720
<v S2>to get that post out. You have to create the content.

0:27:24.750 --> 0:27:26.700
<v S2>Don't think that you have to be in this creative space,

0:27:26.700 --> 0:27:28.649
<v S2>and you always have to feel like it, because oftentimes

0:27:28.650 --> 0:27:33.060
<v S2>you will not. So you practice this discipline through committing

0:27:33.090 --> 0:27:35.850
<v S2>to the 90 days for the 90 minutes of content,

0:27:35.850 --> 0:27:38.430
<v S2>and you will get better at it and your creativity

0:27:38.430 --> 0:27:41.610
<v S2>will start to come out. It might not be ever flowing,

0:27:41.609 --> 0:27:44.250
<v S2>it might not be limitless, but you will get creative

0:27:44.280 --> 0:27:48.330
<v S2>because you first committed. Marketing and positioning yourself in the

0:27:48.330 --> 0:27:51.510
<v S2>marketplace is a game of commitment to the growth of

0:27:51.510 --> 0:27:54.600
<v S2>your business. It is nothing more. It is nothing less.

0:27:54.600 --> 0:27:58.140
<v S2>You are committed to getting your products and your services

0:27:58.140 --> 0:28:01.140
<v S2>in front of your customers. So then you find creative

0:28:01.140 --> 0:28:04.080
<v S2>ways to do this. It is not. You find creative

0:28:04.080 --> 0:28:06.369
<v S2>ways and then you commit to your business. That's not

0:28:06.369 --> 0:28:08.560
<v S2>how business works, and it's not how marketing works. And

0:28:08.560 --> 0:28:12.640
<v S2>the best marketers commit to the campaign. They commit to

0:28:12.640 --> 0:28:15.340
<v S2>the post. They commit to getting their product and service known,

0:28:15.340 --> 0:28:18.040
<v S2>and then they create the content around it. It's never

0:28:18.040 --> 0:28:19.840
<v S2>the other way around. Back when I was writing those

0:28:19.840 --> 0:28:22.570
<v S2>blog posts, most of them did not turn out well,

0:28:22.600 --> 0:28:25.630
<v S2>but a handful of them got me conversations that led

0:28:25.660 --> 0:28:27.580
<v S2>to the next thing, which led to the next thing,

0:28:27.580 --> 0:28:29.920
<v S2>which I honestly would not be sitting here in front

0:28:29.920 --> 0:28:32.500
<v S2>of you today, having a YouTube channel, being able to

0:28:32.530 --> 0:28:36.070
<v S2>create content. If I didn't first start with truly understanding

0:28:36.100 --> 0:28:39.640
<v S2>a blog post, truly understanding what it took to show

0:28:39.640 --> 0:28:41.920
<v S2>up in a blog, and to take photos for a

0:28:41.920 --> 0:28:45.550
<v S2>blog every single day. Because now I know that game.

0:28:45.550 --> 0:28:49.360
<v S2>I understand how websites work. It forced me to learn this,

0:28:49.360 --> 0:28:51.730
<v S2>which goes back to my 90 day challenge. It will

0:28:51.730 --> 0:28:54.520
<v S2>force you to learn the platform that you need to

0:28:54.550 --> 0:28:56.770
<v S2>get better at, in order for you to talk to

0:28:56.800 --> 0:28:59.860
<v S2>your customer who needs you to figure out this marketing thing.

0:28:59.860 --> 0:29:02.500
<v S2>You have to figure this out. There is nobody who's

0:29:02.500 --> 0:29:04.410
<v S2>going to figure this out for you. To the extent

0:29:04.410 --> 0:29:06.630
<v S2>that you figure out how to market your business, how

0:29:06.630 --> 0:29:10.230
<v S2>to position your business, your growth is limitless. So these

0:29:10.230 --> 0:29:13.350
<v S2>were the six strategies of my Marketing Masterclass. If you

0:29:13.350 --> 0:29:16.830
<v S2>love this video, check out my next video on Brutally

0:29:16.830 --> 0:29:19.890
<v S2>Honest Business Advice for women. And if you enjoyed this

0:29:19.890 --> 0:29:22.680
<v S2>episode of Billy and Billions, do not forget to give

0:29:22.680 --> 0:29:24.660
<v S2>it a five star review. It would mean the world

0:29:24.690 --> 0:29:26.640
<v S2>to me if you left a comment.

0:29:26.670 --> 0:29:27.210
<v S1>A nice little.

0:29:27.210 --> 0:29:30.420
<v S2>Review on wherever you are listening to this episode. And

0:29:30.420 --> 0:29:33.120
<v S2>if you have a sales friend who could benefit from this.

0:29:33.120 --> 0:29:36.600
<v S1>Advice, don't forget to share it with them. If you

0:29:36.600 --> 0:29:40.020
<v S1>enjoyed this episode, I have a feeling you would love

0:29:40.020 --> 0:29:43.500
<v S1>my YouTube channel. I am investing a lot of time

0:29:43.500 --> 0:29:47.670
<v S1>going into this year, into YouTube and creating a visual

0:29:47.670 --> 0:29:50.250
<v S1>experience of all the different things that I love to

0:29:50.250 --> 0:29:52.350
<v S1>give advice on, whether that's how to make more money,

0:29:52.380 --> 0:29:56.190
<v S1>what business models to start the YouTube channel is popping off,

0:29:56.190 --> 0:29:58.560
<v S1>and I'd love to spend time with you over there too.

0:29:58.590 --> 0:30:01.860
<v S1>So go to my YouTube channel, hit subscribe and I'll

0:30:01.860 --> 0:30:02.640
<v S1>see you over there.