Audio

400: Special Episode! Steve And Jen Chou Get Interviewed By Toni Herrbach

400: Special Episode! Steve And Jen Chou Get Interviewed By Toni Herrbach

Today is special because it’s the 400th episode of the My Wife Quit Her Job podcast! Can you believe that I’ve been publishing this podcast religiously once per week for 8 years?

During this period, I’ve met and chatted with 100s of successful entrepreneurs at length. I’ve been invited to speak at many conferences, and the podcast has opened many doors for me over the years.

To celebrate this milestone, I invited my partner Toni Herrbach to interview both myself and my wife. Enjoy!

What You’ll Learn

  • Why I started the My Wife Quit Her Job podcast
  • My advice and tips for people who want to start their own podcast
  • My deepest darkest secrets revealed

Other Resources And Books

Sponsors

Postscript.io – Postscript.io is the SMS marketing platform that I personally use for my ecommerce store. Postscript specializes in ecommerce and is by far the simplest and easiest text message marketing platform that I’ve used and it’s reasonably priced. Click here and try Postscript for FREE.
Postscript.io

Klaviyo.com – Klaviyo is the email marketing platform that I personally use for my ecommerce store. Created specifically for ecommerce, it is the best email marketing provider that I’ve used to date. Click here and try Klaviyo for FREE.
Klaviyo

EmergeCounsel.com – EmergeCounsel is the service I use for trademarks and to get advice on any issue related to intellectual property protection. Click here and get $100 OFF by mentioning the My Wife Quit Her Job podcast.
Emerge Counsel

Transcript

00:00
You’re listening to the My Wife Could Her Job podcast, the place where I bring on successful bootstrap business owners and dig deep into what strategies they use to grow their businesses. Now today is a very special episode because this is the 400th episode on the podcast. And can you believe that I’ve been publishing this podcast religiously once per week for eight years? And during this period, I’ve met and chatted with hundreds of successful entrepreneurs at length. I’ve been invited to speak at many conferences and the podcast has opened many doors for me over the years.

00:29
If your goal is to have in-depth conversations with as many people as possible, I actually encourage you guys to start your own podcast. Anyway, in this episode, I invited my partner Tony to interview both myself and my wife. Now, when I came up with this idea originally, I thought it was brilliant, but having two people on the pod who know me the most ended up being somewhat of a roast fest, but enjoy the episode. But before I begin, I want to thank Klaviyo for sponsoring this episode.

00:56
Always excited to talk about Klaviyo because they’re the email marketing platform that I personally use for my e-commerce store and it depends on them for over 30 % of my revenue. Now you’re probably wondering why Klaviyo and not another provider. Well Klaviyo is the only email platform out there that is specifically built for e-commerce stores and here’s why it’s so powerful. Klaviyo can track every single customer who’s shopped in your store and exactly what they bought. So let’s say I want to send out an email to everyone who purchased a red handkerchief in the last week. Easy. Let’s say I want to set up a special autoresponder sequence to my customers depending on what they bought, piece of cake,

01:25
and there’s full revenue tracking on every email sent. Klaviyo is the most powerful email platform that I’ve ever used, and you can try them for free over at klaviyo.com slash my wife. That’s K-L-A-V-I-Y-O dot com slash my wife. I also want to thank Postscript for sponsoring this episode. Now, if you run an e-commerce business of any kind, you know how important it is to own your customer contact list. And this is why I focus a significant amount of my efforts on SMS marketing. SMS, or text message marketing, is already a top five revenue source from my e-commerce store.

01:55
and I couldn’t have done it without Postscript, which is my text message provider. Now why did I choose Postscript? It’s because they specialize in e-commerce, and e-commerce is their only focus. Not only is it easy to use, but you can quickly segment your audience based on your exact sales data and implement automated flows like an abandoned cart at the push of a button. Not only that, but it’s price-wall too, and SMS is the perfect way to engage with your customers. So head on over to postscript.io slash Steve and try it for free.

02:22
That’s P-O-S-T-S-U-I-P-T dot I-O slash Steve. And then finally, I wanted to mention my other podcast that I released with my partner, Tony. And unlike this one, where I interviewed successful entrepreneurs in e-commerce, the Profitable Audience podcast covers all things related to content creation and building an audience. No topic is off the table and we tell it like how it is in a raw and entertaining way. So be sure to check out the Profitable Audience podcast on your favorite podcast app. Now onto the show.

02:54
Welcome to episode 400 of the My Wife, Her Job podcast. And as you know, every time we hit the century mark on one of these episodes, we do a special episode. And so today I have my wife with me and what’s going to happen is my business partner, Tony, is going to interview my wife and I. And originally this felt like a really good idea, but now that I think about it, I have these two females that know me really well and they can compare notes all on the same interview.

03:23
It sounds dangerous, but I hope you guys enjoy. This might be your most downloaded episode. We’re going to get to all the secrets of Steve. Yes, it’s very fascinating, I’m sure. Well, first of all, I just want to say congratulations on 400 episodes. That’s amazing. Most people do not stick with things for that long, but I know you pretty well and know that you are a sticker outter. congratulations. Sticker with her. Sticker with her. Sticker outter. That didn’t make sense. Sticker with her.

03:53
Congratulations and congratulations Jen for putting up with 400 episodes of recording. You’ve been on a bunch though, right? I think I’ve only been on one. Have I been on more than one? You’ve been on two. Oh, I have been on two. Obviously I listened very carefully to all his podcasts. Of which I’ve edited those meticulously because you demanded them. So I’m probably going to be editing this one by hand also. This is special then we get Jen on today.

04:23
My first question is, why did you decide to do a podcast, Steve? Well, that’s an easy one. Are you going to be throwing me softballs this whole time? No, we’re starting easy. We’re going to get to the tough stuff. I’m going to give you some warm up. I started the podcast just to meet people. OK. I usually don’t get out very much. And everyone wants to be a guest on the podcast. So if I want to reach someone and get to know someone better, all I got to do is reach out and say, hey, you want to come on the podcast. And it’s worked. I get to meet one new person.

04:53
a week and I get to chat with them for usually at least 90 minutes. And Jen, what did you think once did he? Okay, this is a question. Did he ask permission if he could start the podcast and add something more to his plate? Because when you started the podcast, you were still working your full time job plus Bumblebee plus my wife quit. So did you have to get podcast approval from Jen or was this a, you marched into the room like you normally do and just said, I’m doing something new Jen.

05:18
Here’s a key takeaway of this episode. You always ask for forgiveness, not permission. Well, you never asked for permission to do stuff. Right. That’s what I’m saying. That’s the lesson of the episode. I don’t think, honestly, to me, the podcast made sense, actually, because it’s one of the things that he likes doing. Plus, it means less talking for me having to talk to him. So him talking to someone else is always a good thing. All right. And who was your very first podcast guest? Do you remember?

05:48
It was me. I did a solo episode. I know your first guest. Oh, first guest. OK. I think it was Andrew Udarian. OK. And so for people that are thinking about starting a podcast, obviously, Andrew was a friend of yours. So is that how you got started by just inviting people that you knew on the podcast because you knew they would probably say yes? When did you get to the point where you could like cold call people and invite them on the podcast? OK, so first off, I don’t cold call people.

06:15
Well, yes, I know. I usually have met them at an event, even just very briefly so they know who I am. Because on the flip side, I want to get guests that are eloquent and can hold a good conversation as well. That’s how I screen people. I would say before I started asking randos, I probably did it for a year. It took you a little bit of time before you could ask people that weren’t your friends. I think I ran out of friends after a year.

06:44
probably way before a year. Possibly before a year, so I had to make new friends. Started asking people that might be a friend. Do you really listen to every podcast, You know, I did religiously for the first 200. I don’t think I’ve listened to many exhibits. I do listen to, when I know the person, I do listen to them. So it really depends. And I really enjoy the student ones. So I listen to those also.

07:10
Okay, that’s what I was going to ask you next, Jen. Have you had a favorite guest or episode of the 250 that you’ve listened to, we’ll say? My favorite guest? I don’t know who my favorite guest is. I actually enjoyed listening to Steve’s mom, but that’s because when she’s here, she doesn’t really talk about her work and what she does for a living. So was really interesting for me and it was really great for the kids to really learn that about her.

07:37
Because to me, she just seems frazzled all the time when she’s here. To me, for her talking about her life’s work, it was pretty cool. Yes, she was in her element in the podcast for sure. Yes, well, she was trying to dumb it down. It was so funny because she was like, I totally dumbed it down for you, Steve. We’re like, really? I had no idea what she was talking about some of the time. Do you have a favorite episode, Steve? My favorite episode?

08:06
If I were to pick one, I probably would say my interview with Cialdini just because that was my favorite book of all time. Yeah. Yeah. I mean, that has to be, if not your favorite, in your top five for sure. And of course, the one where I had with my wife. Absolutely. I mean, we weren’t even going to consider that because that’s the obvious number one. OK, so have you ever had a guest on, Steve, that bombed? And what do you do about it when that happens?

08:35
Yes, I did have a guest. not actually know the answer to this one. Yeah, I know the answer to this. What I ended up doing is I ended up still publishing it because it was a bigger name person, but I ended up cutting out maybe 30 % of the interview. Okay. So that that’s what I did. Like, so if there’s an interview that’s not going well, I actually there was one person where I just said, Hey, this isn’t going to work.

09:02
and I actually never published it, but we didn’t finish filming either. I said up front within like 15 minutes, I was like, hey, this isn’t gonna work. And that was it. What was their response? There was like, hey, I tell you what, let me go back and know, prep and then we’ll get back on again. Okay. And then that just, didn’t happen. Okay. I actually remember that one too. I do too. you do? Okay. At least if it’s who I think it is.

09:28
I don’t actually remember his name. was one of the few randos that I’ve had. Oh, I was thinking it was the female. Yes, I was thinking it was a female too. I think Jen and I have the same memory. Yeah. Well, let’s not out anyone. We’ll talk to you offline. Yeah. So one of the things that I… So it’s funny, when you and I go places, Steve and Jen, you might not know this and I probably haven’t told you because you don’t… Steve doesn’t need a bigger head than he already has, but many times we will get stopped.

09:56
when we’re walking like to lunch or something like that. And people will say, oh, I’m a huge fan of your podcast. And they recognize Steve from the podcast. So you get recognized a ton from when we’re out and about. When did that actually when did you get to that point where you felt like the podcast was really taken on a life of its own? Because you have your site and you have we have seller’s summit. We have other properties. But the podcast seems to be just its own entity at this point.

10:24
I still don’t feel like that happens that often, like you say. Maybe at an e-commerce conference, maybe. But in other events, it’s not a huge podcast or anything compared to Dave Ramsey or something like that. I would say people started probably after two years, maybe, was when it started happening. Podcasts aren’t something that grow really quickly. Right. Yeah. So it takes time.

10:51
And one of the things that I always hear when people stop you, which does happen frequently, you’re being modest, is that they love your interview style. They say that you ask the questions that they wanna know. And my brother, who’s an avid listener of your podcast, has always said that since he started listening, that when you’re doing an interview with somebody, you’re asking the questions that as he’s sitting there, he’s wondering himself.

11:15
How did you get to that point? Like you’re pretty good at it. So is that something you worked on? Is that something that came naturally for you? Okay. Well, my wife can comment here, but I’m just a very nosy person. That’s what I was just going to say. You’re extremely nosy. And I don’t have any qualms about asking a direct question. Right. Right. What’d you say? We’ll be out to the point of I’m embarrassed. Right. of the time. So a lot of the times I’m like, Oh, should you have said that? I don’t know if that’s like, we’ll be at dinner and I’ll say, wait,

11:45
So why did you break up with that person? What didn’t you like about them? Why didn’t it work out? And it’d be someone that I just met. OK. So Jen, based on that, has there ever been anything that you’ve heard in a podcast that you’ve been embarrassed that he said? Beyond normal embarrassment? Beyond the standard level. No. I think of the podcasts I listen to, I think everyone that is signed up to be on a podcast, they’re very open.

12:15
Like feel like the guests that Steve has had have always been very good about being very, very open. I think it’s more embarrassing in a normal day-to-day situation where he’s asking very embarrassing questions that I’m like, ooh, maybe he shouldn’t have asked that. That’s very, very direct. So in my defense, I think the way to become friends with someone is to just go ahead and jump right to the direct personal questions. I actually don’t like small talk.

12:43
I think small talk is necessary in the beginning, but as soon as I feel like I have any sort of connection, even a little one, I’m going to start jumping straight into more personal questions. Has anybody that’s been a podcast guest been offended by something that you’ve said? Okay, so number one, I’m not offensive. No, don’t mean that. Offended is not the right word.

13:09
Have you ever asked a question that maybe went too far with somebody on the podcast? No, because I like to think that I can tell if someone’s getting uncomfortable. So if they are, then I’ll usually back off a little bit and try to rephrase the question in a different way. But I think they also are very good about telling you what you don’t, like they don’t feel comfortable talking about. Oh, yeah. I ask up front, is there anything that you don’t want me to ask you about before the interview even starts? And I’m respectful. I don’t go there.

13:38
You’ve never asked me that not one time. Oh, when you’re on. OK. Is this a way of patting yourself on the back since you’ve been on seven times or however? No, I was saying I was like, I haven’t been extended that courtesy. OK, I actually didn’t know that you did that. That’s a really smart, smart thing to do, because then you don’t wade into those waters and potentially offend somebody. I can just see someone like throwing their headphones off, walking away from the microphone, you know, in drum in dramatic fashion.

14:08
And the other thing I always say is that these podcasts are going to be edited after the fact. So if you say something stupid, then we can cut it out. in general, or actually, I always use the same joke. It’s probably kind of old. I always say, hey, the podcast editor, don’t worry. They’re going to make me sound good. And you’ll sound OK. Because sometimes people do ask, can you remove the ums? OK. Right? And sometimes people have a lot of ums.

14:35
Yes. And so I say, don’t worry, they always remove my arms and they’ll they’ll they’ll make a best effort to remove your arms is what I say. and how much editing does go into the podcast at this point? I’m assuming that because you’ve done it so much only because I’ve edited our podcast and you don’t have a lot of arms at this point. So I’m assuming what is your editor? Because I know you have someone that helps you. I don’t listen to any episode that I put out anymore. OK, well, I take that back. I do list.

15:03
We’ve gotten to this point now where I trust the editors’ editing. So I actually don’t listen to everything completely anymore. I try not to say ums anymore. So it’s possible that she doesn’t have to do much editing with me. But does she still edit the other people? She does. Yes, I have her do that. I mean, it’s in my podcast’s best interest that the guests sound as good as they can.

15:29
Now, Jen, has Steve ever revealed anything about you guys on the podcast that you haven’t been thrilled about? Oh, I’m sure there has been. There’s my I think in general, I feel very uncomfortable like getting too detailed in our personal life. So it’s hard for me when he does reveal some stuff. And sometimes he does things in a jokingly manner. They’re like, hmm, maybe he shouldn’t have said that. But.

15:56
That’s why I sometimes don’t listen anymore because otherwise he’s going to reveal a lot more than I probably feel comfortable with. To a certain extent, I actually prefer that you don’t listen to everything sometimes because there’s a lot of things that I say that you wouldn’t, you would definitely not say yourself, but I’ll say it. Right. What do you say? Probably. Yeah. Well, Jen’s just a lot nicer than you in general, Steve. So it’s not about being nice. It’s about getting answers.

16:27
Now, do you think the format of you interviewing people has helped you make it to episode 400? Because I feel like if it was just you talking every single week, that would probably be tough. You might run out of things. I don’t know. You might not run out of things to say. But do you think having the interview style has helped you, you know, reach this milestone? I mean, first of all, I can’t just I can’t. So those solo episodes are really hard for me to do. I know you could just talk like all day.

16:55
In a solo episode. No one would listen, but I could yes So what was the question? Did it help the fact I do interview style? Yes, because I can actually go into a podcast interview with zero prep and have it come out okay because based on what someone says there’s always interesting questions to ask and things to find out and Sometimes it’s just like this small little detail. That’s really interesting To me and then we could just talk like an entire episode on just one little detail that that a guess is revealed

17:24
Have you ever wanted to quit doing it? Quit the podcast? Yes. I would say of all the things that I’ve considered quitting with the businesses, the podcast is not one of them because I need more friends. I think you really enjoy talking to I do. I do enjoy talking to I think that’s one of the benefits of Seller Summit, for example, and for your podcast. It’s a way for you to meet people. That’s correct. Actually, I’m thinking about this now.

17:54
Most of the friends that I talk to on a regular basis are people who I’ve either met at a conference or through the podcast today. I we see our local friends every now and then, but I talk to my internet friends more. Yeah. So speaking of that, you talk about how the podcast was a way to meet people during the pandemic when, especially for you where you’re located, the rules were much stricter. So you weren’t really out and about a whole lot.

18:20
the networking opportunities were basically zero. How did you meet people to have them on the podcast over the past 18 months to two years? During COVID, you’ll notice that you came on a little bit more often. I was getting desperate. was on every fourth week. I actually just, have this long list of people that I have yet to ask. All I did was just tap into that list. I did bring a couple of people back also that had

18:50
interesting things happen to their business. There’s nothing wrong with bringing a guest back seven times, for example. Well, you got to bring the favorites back. How can you tell if someone is a popular guest? Is it through feedback? Do you get emails? How do you gauge how popular a podcast is? All right. Here’s something that people don’t know. I actually don’t care. I don’t run the podcast.

19:19
to be popular, I really run it just to meet people. And if there’s someone that I want to talk to, I don’t even care how well it’s going to do because that’s just not the purpose. I know it’s going to be interesting no matter what, even if it’s just tangentially related to business even. And Jen, has there ever been anyone that you wanted to meet that Steve got on the podcast? No, actually, I don’t think there’s anyone that I’ve been wanting to meet that got on the There’s been a lot of people that I

19:49
I admire that I’ve definitely heard of that were on the podcast. I’m like, wow, that’s pretty cool that you got to talk to them. But it wasn’t something that I necessarily wanted to meet them in person. OK, maybe you should give them a list. Oh, OK. I’ll give you a list. Your people would be all like the people you watch on YouTube probably, right? Probably, yeah. Nothing wrong with that. So are you saying that you don’t pay any attention to feedback that you get from the podcast?

20:19
Okay, so for example, I just did student month, right? Where I had students in my class actually come on the podcast and tell their story. And that was just kind of like an experiment to me. I got a lot of positive feedback, but I actually got a couple of negative comments too. They were like saying, oh, this is just you pushing your class. Why don’t you just get other people? I prefer hearing like the more successful people or whatnot. And these students are successful, right? I mean, they’re making six.

20:48
Several students make seven figures. I don’t know what this person’s definition of success is, but to me, those stories are more interesting, right? Because these are people. Yeah, they seem more interesting because they seem doable. Right. Like regular people doing really well. But I think just the angle of the fact that they were members of my class left a bad taste in certain people’s mouths, I think is what happened. Yeah, they can they can go listen to another podcast then. Yeah. So, you know, I’m going to mix it up.

21:16
While I do another student month, probably at some point, maybe not a student month, but like I’ll weave in, you know, students in there. I think that’s serious. didn’t check the stats, but I think it did OK. I think those last four episodes did good. And do any of your real life friends listen to your podcast? Because I don’t know if you remember this, but I went on a date with a guy. Actually, I’ve gone on dates with two different people who were fans of your podcast. And it was actually pretty awkward because

21:46
How you you and I know each other so well and they were super fans of your podcast so that was that was weird Those people probably did not get second dates. I was also gonna say you need a date better people I had to change my bio Does not listen to podcasts are you saying that are you being for real?

22:11
No, I mean, for real, two people that I went out with. And it came up because I think I had mentioned like Seller Summit or something. And then it was, you know, Steve Chu. And I was like, oh, no, we’re not going to do this. That’s hilarious. Yeah. Well, your podcast is very popular. And so I’m curious, though, like, does your mom listen to your podcast? Do your friends that you hang out with in real life? Does anybody? I don’t think they do. I don’t think they listen to it religiously. think.

22:40
They may listen to certain episodes that are interesting to them. I know that our friends did listen to your mom’s podcast. Yes, they all listen to my mom’s podcast for sure. Yes, they did. But for the most part, they’re not interested in business. mean, they’re, you know, doctors, lawyers, engineers. Standard. Have you ever interviewed a friend like not a friend that you met online, but a friend that you grew up with? did a couple of them. Oh, yeah, did. Yeah. Polly and Ed, they live kind of right down the street. started. Joe and Viv.

23:09
a seven figure e-commerce. Actually, no, he had a nine figure exit. Viv, yeah, a very close friend of mine started a stroller company and sold it. They were on. Awesome. The entrepreneurs in our area tend to be not small time. They get venture funding and then they, those are less interesting actually for guests on the podcast because they’re not as relatable. Yeah. And for your audience, that’s not really what they’re looking for. Because I think your, isn’t your tagline the bootstrap?

23:37
It is. Yes. And not everyone was completely bootstrapped as guests, but for the most part, they started. They maybe eventually got funding like much later on down the line. So for someone who’s thinking about starting a podcast and is in awe that you’ve hit episode 400, what is your technique for meeting someone to get them on the podcast if you don’t know them at all? Like you probably have they’re probably like six degrees of Kevin Bacon sort of thing, but you personally don’t know them. What’s your strategy?

24:05
Oh, okay. So the one that I like to employ, assuming I’ve never met them, right? Right. Yeah. Okay. So what I do is I try to find who their friends are on Facebook and see if I know anyone. And what I do is I try to, and chances are I’ll know at least one or two, the more the better. And then I’ll ask all those mutual friends to send them an email or her an email at the exact same time pitching my podcast. And so the idea here is that

24:35
If this person is getting pitches from multiple people, they’re like, wow, I definitely got to meet this guy then. That’s worked on several occasions.

24:44
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25:13
Now, first and foremost, protecting our IP starts with a solid trademark and Emerge Council provides attorney-advised strategic trademark prosecution, both in the United States and abroad for a very low price. And furthermore, the students in my course have used Steve for copyrighting their designs, policing against counterfeits and knockoffs, agreements with co-founders and employees, website and social media policies, privacy policies, vendor agreements, brand registry, you name it. So if you need IP protection services, go to EmergeCouncil.com and get a free consult.

25:42
And if you tell Steve that I sent you, you’ll get a hundred dollar discount. That’s E.M.E.R. G.E.C.O.U.N. S.E.L. Dot com. Now back to the show. Can you say who the hardest person to get on the podcast was? Just as far as like you didn’t know them at all, you had to really work at it. I haven’t had to work at it because usually I meet them first just to make sure that they’re a decent interview. I think I after those couple of negative times that I had someone on the guest who wasn’t really good on

26:12
on the mic, I kind of just pre-screen now by just meeting them first for the most part. What’s your least favorite part of doing all of this? The least favorite part of the podcast was the editing part. And thankfully, I have MJ now doing that part. I mean, I you love editing the podcast. Oh, absolutely. It’s my favorite part of the week. Yeah. Mainly because I get to edit on a 2009 Dell laptop computer.

26:40
When did you get to the point where you could, did you wait until you were making money from the podcast to hire the editor? Was it something that you just felt like was worth the spend, even though the podcast wasn’t making money? How did you get to that tipping point? Was it just you hated it so much? Okay, so, geez, I don’t even remember. I know I edited my podcast for at least a year. Myself. And then I’m pretty sure it was not making money when I got an editor. I actually just found a friend who was local to edit it for me.

27:10
I can’t even remember how much I paid her now. But it was easier for me to make that decision also because the blog was making money, right? Right. So it was just kind of subsidizing the podcast. How long until you started accepting sponsors on the podcast? I want to say two years maybe. And it was just kind of by accident. I didn’t solicit any sponsors. They came to me and one of them just happened to be a tool that I use.

27:38
And so was like, sure, I’m already using your tool. I’m happy to mention it on the podcast. So it was easy that way. And back when you, I mean, I know now you’re home during the day, so you’re able to record whenever your schedule is much more flexible. But when you were working, when were you recording? And Jen, that affect, did you have to take the kids out? Because your kids were much younger when you got started. Did you have to like take the kids to the park or how did that work when the kids were younger and Steve was gone from nine to five? Gosh, I don’t remember. I think

28:08
I want to say you did it at night. No, I didn’t actually. I didn’t do it at night because the guests were like, you know, you have to come at their schedules. So I would just drive home in the middle of the day, do the interview and then drive back to work. At one time, actually this happened more than one occasion, I did the interview at work in my office. I believe that. Because I had an office and I could just close the door and then I would be animated,

28:36
through the windows so people thought maybe I’d be on a conference call or something. I can believe that you did that but I can’t believe you did that. Yeah. I mean, it might have looked odd because I brought my mic. But your old job was super flexible. it was flexible. They were super like okay with you doing stuff. Well, super okay is not, but as long you get your stuff done, it’s all good. Right. Yeah. Right. I can’t believe you recorded at work.

29:05
Do remember who that was? Do you remember who you recorded with? No, I don’t remember. I mean, it happened on more than one occasion. I even considered getting a backup mic so I didn’t have to go home and grab the mic, or you know. Of course you did. what has been, okay, so I know Robert Cialdini was your favorite interview. What have been some of the highlights outside of that over the past 400 episodes?

29:30
And has there ever been a moment where this just been like you’ve learned something so amazing or like revolutionized your own business and other things that you were doing from one of your interviewer interviewees Are you asking me this question to pat yourself on the back? No, I was you want me to say oh, yeah, whenever I when I met Tony in episode 30 it fundamentally changed my life 86 not bragging. No, um, no, I know I’m being serious

29:56
Because I know for you, I don’t know people know this on the podcast, but for you, you have your recording time, which is 40 minutes or so. But you usually spend an hour and a half talking to these people. And sometimes the best information you get is not during the recording. That is correct. Actually, I would say a lot of the juicy stuff occurs outside the recording because the guest doesn’t want to reveal some of these things for the public record. Yeah.

30:26
Are you asking me what some of these things are or what are you getting I’m asking you, were there any people in particular or little tidbits that you could share that you learned over the years that have really made a huge impact on your business or you personally? Yeah. Okay. So tidbits from my guests. I always learn something from the guests, from my guests. Let me give you an example, because this is a mutual friend of ours, Kyle from Penny Hoarder. I learned in that episode,

30:54
that I need to stagger my sends, send an email to my most engaged audience first, which trains the ISPs to expect a high open rate and then send to your less engaged audience. That actually improves the open rate by a certain amount of percentage points that actually makes a difference. That’s like an example of a nugget that I got from the interview. I’ve gotten so many nuggets over the years on advertising, SEO, I mean,

31:24
The person I’m working with right now, a quick shout out to Jeff Oxford, was someone who I brought on the pod. And usually I’m very skeptical of SEO people because most of them are scam artists, right? But through the interview, I was like, wow, and I learned a ton. And then now I’m working with them. I mean, just good things happen when you talk to people. I like Jeff. He’s one of my… I convinced someone else to hire him because of you, actually, and because of your conversations with him. So I think that does matter. But what…

31:52
I would say, did anyone just make you laugh so hard that you couldn’t, you had to stop the podcast? Are you patting yourself on the back again? No, I’m not even thinking about me. We laugh enough outside of the recording. I’m just thinking like, have you ever had to stop? I’m just looking for moments that maybe the people that listen don’t know about because they get edited out or someone that was just really, really funny that it was hard to keep going. definitely don’t think that’s me. I’m going to rip on you, Darian, here real quick.

32:22
Okay, so on the surface if anyone’s listening to this who listens to ecommerce fuel you Darien is like the nice and he’s a nice guy He’s like the nicest most polite guy super polite, right? Yes, absolutely, but you get him one-on-one And he’s a prankster. He’s a total prick. Yes, and he says some stupid stuff and so I think one time we were recording and he just made some statement that was outside of his character and He came back and said can you cut that part out?

32:51
And I was like, really? You want me to that part? But that’s part of your personality. Like that was funny. But I cut it out. It was really minor. I’m not going to reveal it here, but it was really minor. Yeah. And how does that work if someone does request for you to cut something out? And I was thinking, so one of one of our friends, Pat Flynn, has a podcast and he had Gary Vee on it several years ago. And, you know, Pat’s podcast, I think, is like a PG and Gary Vee is a rated R.

33:19
And I think Pat even mentioned before the podcast, like there might be some additional language. Like, how do you deal with those sorts of things? Because I remember listening to that podcast thinking Pat must have done a whole lot of editing to this podcast to make to make Gary V sound cleaner. So one of my buddies, Noah, he’s got like a Gary V kind of style. Yes, he does. And I told him up front, hey, if you can just keep the bombs to a minimum and like the vulgar references.

33:47
to a minimum, that’d be great, but it’s hard. And so he let some slip out. And so I had the editor just kind of have a beep whenever it happened. him. It beeped him, basically. Well, here’s the other thing. With the podcast, if you have profanity, you actually have to tell Apple. And if you don’t mark it as explicit, then you could get in trouble for it. And you can go back and forth. So if you have one episode with Noah, you can mark it explicit, but then you can go back You can do that, but I like…

34:16
to maintain a PG rating like Pat, yeah. So I actually had him beep it. And have you ever had someone ask you to cut something out that you didn’t cut out? No. You always do it? Yeah, I always cut it out. Yeah. You’re so nice. In fact, I had a student recently during student month ask me to cut out something that she said, which I thought was very minor also. But, you know, she’s still in the class and it was actually a really hard piece to cut out because it was in the flow of the conversation.

34:47
So I ended up cutting out like a much bigger section than the actual part that she wanted cut out I’m not in the business of pissing people off. Is that where you’re getting that Tony here? No, I just wonder how you handle those things because I think sometimes People are usually their own worst critic and so there’s probably something that they might want taken out that really isn’t that huge of a deal or It makes sense in the context of what they’re talking about. So like with the student It was actually difficult and you had to take out even more

35:14
And so that might take away from the whole podcast. So I was wondering how you handled it. Yeah, it didn’t really take away from the whole podcast. You know, it wasn’t anything crucial. There’s been times that you wanted me to cut like cut stuff out. And did I do it? Probably. Probably. Yeah, because I have to live with this. Because the couch isn’t super comfortable.

35:36
So 400 episodes, Jen, are you guys doing anything to celebrate? is this a big, how big of a milestone is this for you personally? Like how do you feel personally and what do you think, Jen? Well, we were originally talking about maybe having the kids be on the podcast, but the kids were like not into it. So we’re not gonna force them to do it. But I think it’s a big milestone. I feel like every hundred episodes we’re like, okay, what’s the big thing that we should talk about?

36:03
I’ll be honest with you, Tony. For me, it’s actually not a huge milestone. It’s just fun to do something special whenever you hit another 100 episodes. The podcast is something that I’m probably going to do in the long term. It’s been eight years. It’s probably going be another eight years. It’s a great way to meet people. It’s a great way to learn from other people. I don’t plan on stopping anytime soon. It’s a milestone, sure, but it’s not that big a deal. When you got started, did you ever see yourself

36:32
sitting where you are today with a, you know, top podcast interviewing a lot of people that are kind of your heroes or least people that you look up to. Did you ever see that for yourself back on episode 10 when you were still interviewing Andrew? I love this. I want to make sure he listens to this episode. I never thought about any of those things. Like I said, the podcast is just meant to meet people. Here’s what I realized.

37:01
a long time ago. played a part in this for sure because when I started going to events and seeing you in action the way you network, I mean if you guys have never seen Tony in action, she has this like sly way of slipping into your DMs. I’ve just come to realize that you you can learn all the strategies and whatnot but I think the biggest factor in the success of your business is the network and the people you have access to.

37:31
And I don’t think a lot of people realize that. And do you think that’s been the biggest benefit for you as a personally? The podcast, you mean? Yeah, yeah, absolutely. And it actually keeps me sane, right? I am probably an inherently a social person. I wouldn’t call myself an extrovert, but I do like meeting people and getting to know people. And it’s funny, like now I feel like if I go traveling anywhere in the world, I can just send out an email and say, hey, anyone want to hang out here? And that’s pretty awesome. Yeah.

38:01
Did you see this, Jen, back eight years ago? See, the popularity of the podcasts were just… Yeah, just the popularity, the number of people Steve’s interviewed. Did you ever think you would have to come on it? Well, I had a feeling that I would have to come on it just because he didn’t have enough friends. to share a little bit more information. Inherently, I’m a private person, so for me, it’s a little uncomfortable. But for Steve, I know it’s super important.

38:29
I can say that the most, the biggest changes in our business have always come from information that he’s learned from other people, either through the podcast or through a conference or someone he met, like just socially. A lot of the hugest, the largest changes came from those conversations. I mean, I just learned something from the last event that we went to regarding Google shopping. I don’t want to get too nerded out on e-comm here, but

38:56
This one thing is kind of like this little loophole that I didn’t know about and I’m going to implement it with my business now. Like little things like that you just pick up from people that you talk to that are not documented anywhere. Right. Now just like a little tiny bit of ecom nerdiness. So do you think the podcast has helped Bumblebee Linens at all or is this definitely been all on the My Wife Quit Her Job side? Oh no no no it’s definitely helped the ecom business. I mean not directly. I don’t think the listeners are buying hankies. Is that what you’re asking? Yes. No hanky sales.

39:26
But yeah, the tactics that I learned definitely can be applied to Bumblebee. I’ll give you like my sponsors. Let’s just take Postscript. Like they really helped me implement SMS with Bumblebee. Now could I have done it without them? Sure. But it made it a lot easier just having like, I just actually had the CEO on the podcast. I didn’t even know that he was my support person. He was helping me implement SMS on my site. I didn’t know idea who he was because I didn’t know who the CEO was.

39:55
Postscript was. So he’s helping me and I’m like, wow, this guy, he actually coded up. He’s like a technical co-founder. He actually coded up everything. And I was asking him these technical questions that were tough and I was like, and he knew the answer right off the bat. I’m like, wow, Postscript has the most amazing tech support ever. So you just thought you got a random person that happened to know how to do all that? Yeah. You’re such an optimist. That’s such a sweet thing that you think. Well, I was really impressed because

40:24
Some of these questions, no first level tech would know the answer to, but he knew everything off the top of his head. All right. Okay, so episode 400. Where do you see yourself at episode 800? Where do I see myself? Yeah, like what do you see for yourself? And what is that, eight years away? that the Regarding the podcast or? Regarding the podcast, yeah. I don’t think things are going to change. mean, hopefully I’ll have a larger space to have the podcasting. Yeah. I mean, you don’t need a huge space, but…

40:54
I’ve been dabbling with video, putting the podcast on YouTube. So I’ve actually recently started recording the video. In an ideal world, maybe if I have a larger budget, I actually can get people in a studio where you can actually make a real good video, kind of like how Joe Rogan does it. Or maybe I can fly people in or actually start traveling for some of the bigger names and interview them in person and maybe have like a really nice setup. I guess that’s…

41:22
maybe the next logical step. But outside of that, you know me, like if I find something that works and doesn’t require a lot of brain power or energy, that’s something I can continue forever. I’ll just continue doing it as long as it works. And I think I know the answer to this. But if there was any any person in the world that you could have on the podcast, they don’t have to be Ecom. If you could interview one person, who would it be? Oh, I know. you know the answer is right. Elon Musk. Yeah.

41:49
Yes, I think I figured it was him with Steph Curry being a far second. Although I don’t know what I would talk to him about that would be interesting to the audience, though, because I would probably try to get a little more technical with him because he knows all this stuff. Right. Yeah. Yeah. I don’t think people would want to listen to that episode. But I think people would be interested just because he’s such a weird guy.

42:13
You know what’s funny is you say he’s a weird guy and you know, admittedly on the surface he’s kind of weird, but there’s a lot of people that I used to work with in my job that are kind of like him. Yeah, well, that makes sense. You were an engineer. Yeah. But so that’s actually probably my final question for you, because you were saying you would like to have Elon Musk on. the questions you would ask aren’t necessarily what your audience would ask. But I feel like for the most part for you, the questions you ask are the ones your audience want to know about. So how do you balance like what you really want to know versus

42:42
what you think, well, you what, that probably doesn’t work for the people to listen. Yeah. So usually I ask those questions when the recording is off. OK. Or I’ll ask them and I’ll just kind of I rarely do this actually. Sometimes I’ll cut out some of the stuff that it’s just kind of dribble to most people. Like if I start geeking out on like coding and I and it’s in the flow of conversation, sometimes I’ll cut that out. It’s rare. I usually stay away from anything that’s overly technical.

43:11
because you know I want to talk about microprocessor design real bad. You know that, I know. Actually, one final question. Has anyone ever gotten you choked up? I know you don’t cry unless it’s a Michael Jordan document. I I was just going to say that. I’m like, except for that one time. Is there anyone that has really stirred emotion in you? I know you’re a lot of facts and information, but I’ve listened to some podcasts before. Not yours, obviously.

43:41
It kind of pulls at your heartstrings. Have you ever had that? The only interviews that have affected me even remotely emotionally and I never cried obviously on an episode are my students. Where if they tell me I profoundly changed their lives, that actually makes me feel really good. And it actually reaffirms, sometimes teaching a class sucks.

44:11
Right? But whenever I get one of those students who does well, follows through and attributes it to something that I’ve done for them, that makes me feel really good. And that actually keeps me going. But in terms of answering your direct question about choking up and that only happens for sports documentaries. the old, Jen always jokes about this. The only movie or documentary I’ve ever cried in was the Michael Jordan documentary.

44:40
I know, completely dried-eyed at our wedding. Completely dried-eyed when we gave birth to our children. But Michael Jordan, yes. Have you seen that documentary? I can’t watch it. don’t have enough tissues. Send me some hankies and I’ll be able to watch it. No, it was an IMAX. It was an It wasn’t a documentary. It was an IMAX film. Yeah. And what about you, Jen? I know you said you do listen to the student episodes. How do those make you feel knowing that…

45:06
Steve and you really, because you’re running Bumblebee and you’ve been a big part of all of this, that you hear these people, that their lives have been radically changed by some of the things that they’ve learned. Yeah, I think it’s the same thing with meeting some of the students at Seller Summit. think it’s just really, one, it’s really cool to see how far they’ve grown. So for me, the best students are the ones I’ve actually met in person because you feel that connection. And those are the ones I enjoy.

45:35
Podcasts enjoy also is the ones that some of our friends I like and I enjoy listening to those episodes. But it does make me feel good. But I think a lot of it is they’re self-driven. They’re completely self-driven in general. So I think it’s just taking the action that makes them succeed so much. I’m telling you, we run a course together. And really the success is…

46:00
Really what we do is, I mean, sure we teach strategies and stuff, but really a lot of times we’re like psychologists. Yes. Right? Where you know that this person has the potential and they just have to be, they just need this little push to just follow through with stuff that they could already, were already capable of in the first place. To close it out, if there was one thing that you could do over again with the podcast, do you have anything that you would want to redo, do over with? Are you pretty happy with where you are today? I know you’re happy with where you are today, but-

46:29
If you could get a do-over, would you take it? If I had a do-over. Okay, so the only thing that I kind of regret is, and this is a problem I continue to have, which is just kind of going too cautiously into something and going really cheap in the beginning. But that’s just my nature. I don’t think I can solve that problem. There were a couple of episodes in the middle of the podcast where I kind of went cheap on a few things and so the audio quality wasn’t as good, but I mean, nothing overall.

46:59
I don’t know how to fight this frugality nature in me, but it’s just inherent. Yet two minutes ago, you talked about a studio and flying people out. Well, see, now it’s okay, right? But in the beginning, when you’re not sure things are going to work, I don’t know if you’re… Are you that way? You’re less, I think. I’m less frugal? Yes, you’re less frugal when it comes to starting something new. I’m recording this on a prehistoric laptop. How am I less frugal?

47:26
But realistically speaking, I don’t think you’ll ever get a studio. You say that, but you’re not going to do it. No, sorry. Studio is the wrong… Studio for YouTube for sure. For the podcast, what I would like to do is if there’s someone big, I’d like to fly over to them and carry a mobile studio. That’s what I Oh, okay. Like an inflatable bubble studio with soundproof walls and… Yes. That’s exactly what I mean. Yeah. I can just see that.

47:53
And do you plan on, I know we’ve talked about this a little bit. Do you plan on recording video for your podcast moving forward? Yeah, I have been doing this already. Not for this episode because you guys can’t see Tony right now, but let’s just say she’s not, she’s not dolled up. Not seller summit quality. And seller summit quality. neither might, although my wife looks great. She’s wearing a dress. Jenna always looks great. Yes. But you look like you normally do. So you’re the same.

48:20
Yes, I actually just got off an interview right before this one. Yeah, maybe someday, maybe I’ll dress better. No. Let’s stick to the truth, Let’s stick to the truth. Well, because if you do that when you have people on, obviously, and your show is a guest-driven show, they have to be on video too. It doesn’t make sense if it’s just you and a black screen. That’s correct. Actually, I’ve told my guests now that

48:50
you know, they’re going to be on video. And actually everyone who’s turned up on video so far has been presentable. It’s just you. You’re the one that needs to work on this. you know, that’s funny. One time I interviewed someone who was on one of those treadmill desks. Were they actually treadmilling? They were treadmilling during the interview. And I didn’t actually notice because the treadmill was super quiet.

49:17
They were just bobbing up and down. It was distracting. He couldn’t stop because he had it hooked up so that if he turned the treadmill off, all the power would go off for all of his machinery. He had it rigged up like that to make sure he didn’t Was he on a weight loss program or was this No, it’s just the way he gets steps. Okay. Good for him. Yes. That seems like it would affect the recording, but I guess it didn’t. I didn’t actually check the numbers.

49:47
I just, to me, treadmills aren’t that quiet, but it’s probably a fancy one. Well, I wanna close this by saying congratulations, Steve, on 400 episodes, and we’ll just say hundreds of people that you’ve been able to interview over the past eight years. And more importantly, congratulations to Jen for putting up with recording for the past eight years and putting up with Steve in general for the past eight years. Well, it’s been longer than that for you guys, what, like 17, 18 years?

50:17
But this is a huge accomplishment. 22. You’ve been together for 22. Yeah, 22 years. I just want to commend you too, Tony, for sticking with it for, I don’t know, how many years has it been now? At least seven, I want to say. We’ve known each other eight. It’s been eight years. Yeah. There you go. I mean, it just goes to show how patient the both of you are.

50:45
And I was actually a little apprehensive. I wasn’t joking in the intro. was a little apprehensive at this episode because like if you guys start comparing notes, that’s like that could go down a rabbit hole really quickly. well, that’s a that’s an episode that you’re not going to be on. That’s just Jen and I. We don’t we don’t need you to compare notes. And I look forward to possibly you having Jen on another episode talking about Bumblebee.

51:15
Yes. other things. think I think people that’s what I think, Steve, that you might not know or realize is that I think people really do enjoy getting to know you on the podcast while you have amazing guests. And I think people learn a ton when they listen and get really inspired by a lot of their stories. I think some of the comments that I’ve heard from people over the years about the podcast is they really like all the little nuggets about your personal life and all the things that they learn about you.

51:42
Well, anyone who’s listening out there, thanks a lot for sticking with me for all these years. I’m not going to quit this anytime soon. And I’m going to try to do like a solo episode like every five or six episodes. Well, there you have it. Episode 400 is in the books. And rest assured, the podcast is something that I will likely maintain indefinitely. It’s actually one of the few things that I do in business that I don’t really care if it generates me any revenue at all. If you have any requests for specific guests or topics that you would like me to cover,

52:10
send me an email over at steve at mywifecoderjob.com. For more information about this episode, go to mywifecoderjob.com slash episode 400. And once again, I want to thank Postscript, which is my SMS marketing platform of choice for e-commerce. With a few clicks of a button, you can easily segment and send targeted text messages to your client base. SMS is the next big own marketing platform, and you can sign up for free over at postscript.io slash Steve. That’s P-O-S-T-S-E-R-I-P-T dot I-O slash Steve.

52:38
I also want to thank Clibio, which is my email marketing platform of choice for ecommerce merchants. You can easily put together automated flows like an abandoned card sequence, a post purchase flow, a win back campaign, basically all these sequences that will make you money on autopilot. So head on over to mywifequitterjob.com slash KLAVIO. Once again, that’s mywifequitterjob.com slash KLAVIO. Now I talk about how I use these tools on my blog, and if you are interested in starting your own ecommerce store, head on over to mywifequitterjob.com.

53:06
and sign up for my free six day mini course. Just type in your email and I’ll send the course right away. Thanks for listening.

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Ready To Get Serious About Starting An Online Business?


If you are really considering starting your own online business, then you have to check out my free mini course on How To Create A Niche Online Store In 5 Easy Steps.

In this 6 day mini course, I reveal the steps that my wife and I took to earn 100 thousand dollars in the span of just a year. Best of all, it's absolutely free!

399: How Podcasters Are Getting Rich And The Secret To Growing An Audience With Joe Saul Sehy

399: How To Make Money With Content By NOT Being The Expert With Joe Saul Sehy

Today I’m thrilled to have my long-time friend Joe Saul Sehy on the show. Joe is a former financial adviser, the host of the popular Stacking Benjamins podcast and the author of the best-selling book Stacked: Your Super Serious Guide to Money Management.

Joe is one of the most successful podcasters and bloggers that I know and in this episode, you’ll learn about Joe’s unique approach to content and building wealth.

What You’ll Learn

  • Why Joe quit his job to pursue a career in content creation
  • How Joe transitioned from being a financial advisor to creating a top 100 podcast
  • The keys to being successful in content creation

Other Resources And Books

Sponsors

Postscript.io – Postscript.io is the SMS marketing platform that I personally use for my ecommerce store. Postscript specializes in ecommerce and is by far the simplest and easiest text message marketing platform that I’ve used and it’s reasonably priced. Click here and try Postscript for FREE.
Postscript.io

Klaviyo.com – Klaviyo is the email marketing platform that I personally use for my ecommerce store. Created specifically for ecommerce, it is the best email marketing provider that I’ve used to date. Click here and try Klaviyo for FREE.
Klaviyo

EmergeCounsel.com – EmergeCounsel is the service I use for trademarks and to get advice on any issue related to intellectual property protection. Click here and get $100 OFF by mentioning the My Wife Quit Her Job podcast.
Emerge Counsel

Transcript

00:00
You’re listening to the My Wife Could Her Job podcast, the place where I bring on successful bootstrap business owners and dig deep into what strategies they use to grow their businesses. Today, I’m thrilled to have my longtime friend Joe Saul-Siehey on the show. And Joe runs one of the top personal finance podcasts in the world over at Stacking Benjamins. And he is a master of both building and preserving wealth. Now, he also has a book out called Stacked, Your Super Serious Guide to Money Management. And in this episode, we’re going to talk about investing and managing your money.

00:28
But before we begin, want to thank Klaviyo for sponsoring this episode. Always excited to talk about Klaviyo because they’re the email marketing platform that I personally use for my e-commerce store and it depends on them for over 30 % of my revenue. Now you’re probably wondering why Klaviyo and not another provider. Well Klaviyo is the only email platform out there that is specifically built for e-commerce stores and here’s why it’s so powerful. Klaviyo can track every single customer who’s shopped in your store and exactly what they bought. So let’s say I want to send out an email to everyone who purchased a red handkerchief in the last week. Easy.

00:57
Let’s say I want to set up a special autoresponder sequence to my customers depending on what they bought, piece of cake, and there’s full revenue tracking on every email sent. Klaviyo is the most powerful email platform that I’ve ever used, and you can try them for free over at klaviyo.com slash my wife. That’s K-L-A-V-I-Y-O dot com slash my wife. I also want to thank Postscript for sponsoring this episode. If you run an e-commerce business of any kind, you know how important it is to own your own customer contact list. And this is why I’m focusing a significant amount of my efforts on SMS marketing.

01:27
SMS, or text message marketing, is already a top five revenue source for my ecommerce store and I couldn’t have done it without Postscript, which is my text message provider. Now why did I choose Postscript? It’s because they specialize in ecommerce stores and ecommerce is their primary focus. Not only is it easy to use, but you can quickly segment your audience based on your exact sales data and implement automated flows like an abandoned cart at the push of a button. Not only that, but it’s price well too and SMS is the perfect way to engage with your customers.

01:55
So head on over to postscript.io slash Steve and try it for free. That’s P-O-S-T-S-E-R-I-P-T dot I-O slash Steve. And then finally, I wanted to mention my other podcast that I released with my partner Tony. And unlike this podcast where I interview successful entrepreneurs in e-commerce, the Profitable Audience podcast covers all things related to content creation and building an audience. No topic is off the table and we tell it like how it is in a raw and entertaining way. So be sure to check out the Profitable Audience podcast on your favorite podcast app.

02:24
Now onto the show.

02:31
Welcome to the My Wife, Cooder, Job podcast. Today, I’m thrilled to have my longtime friend, Joe Salsijay on the show. Now, Joe is a former financial advisor and he’s represented American Express and Ameriprise in the media. He was the money man in Detroit television. But what I know him for is the host of the ever popular Stacking Benjamins podcast. Now, Stacking Benjamins is a personal finance podcast. normally personal finance is kind of a boring subject, but Joe,

03:01
has melded his personal finance and humor perfectly into a top podcast. And he’s also the author of the bestselling book, Stacked, Your Super Serious Guide to Money Management. I brought Joe on today to talk about building wealth and for him to tell his story about entrepreneurship. And with that, welcome to the show, Joe. It’s been a long time. It has been a long time. And I was telling you before we hit record how much

03:27
conversations with Steve always changed my life. I literally was undercharging our advertisers by half. And Steve and I had a discussion a long time ago when you go, dude, you’re doing that wrong. And it made me remember when I tell people all the time, which is surround yourself with smart people, right? Surround yourself with smart people and you go much faster. So thanks a ton for having me.

03:50
You know, I actually don’t even remember that conversation. I do remember hanging out with you. We had a couple of drinks though. Maybe that’s why I don’t remember, but good times. That doesn’t sound like me at all. No. So Joe, assuming the audience doesn’t know who you are, even though you were a famous podcaster, tell us your story about just how you got started and why you actually decided to quit your job to pursue a creator’s lifestyle.

04:13
Yeah, man, that is a long story, but I come from a money, like most people where we didn’t come from a family where we didn’t talk about money. In fact, my brother and sister and I, whenever my parents were having a discussion about money, they told us we had to leave the room because it wasn’t appropriate to talk about money. So the first time I actually got a hold of money, I was at the Citadel, the military college of South Carolina. And so just to tell everybody about this, I can’t have a job and I wear a uniform, right?

04:43
So the first week they’ve got laws against this now, but I go to the student union place called Mark Clark hall. And there’s this line out the door for people that are trying to get into debt. You can’t do this anymore. Credit card companies cannot have the thing in the student union. There’s rules, but they still get to people, right? They still get to people at 18, 19 years old with, with credit. I signed up for a credit card for a t-shirt. Yes. I don’t even remember if it was a stadium Blake and a t-shirt, what it was.

05:12
I just know there was a big line. I remember when I was a financial planner, even say, man, if people were lining up out my door to get their crap together, the way that people line up to get into debt, like how great would our world be? But I get in this line and, and I sign up and I tell them the truth. I have no income. I’m 18 years old, right? I’m at this military college. I’m not going to have a job. And you know what happens, Steve, a month later, I get this cool green card member since, right? I’m super excited.

05:41
The first time we get leave, we go to North Charleston where there’s this mall. There’s six of us, me and five new buddies. I’m trying to prove to them that I’m a quality human being. We’re at this five star restaurant. I don’t know. This is a pretty exclusive place. I don’t know if you’ve heard of it before. It’s called Ruby Tuesday. Oh yeah. I love Ruby Tuesday. And they’re very, very exclusive. They have a salad bar and everything.

06:06
So of course the bill comes and me wanting to make some new friends, cause we’re only a few weeks into school. say, I’ve got this and I pay for it. We never talked about money. So it doesn’t even cross my mind. This is how naive I was that I’m have to pay this bill. And then of course I walked to the other end of the mall to Nordstrom cause I can’t go to the second most expensive store. I got to go to the most expensive store and I find this sweater that, this is, I’m an older guy. This is 1986.

06:36
And this sweater, Steve is Duran Duran, badass, awesome. Like it’s this, and I still own it to remember what an idiot I was. It’s this purple with like this paisley of V net color. And I paid a bajillion dollars for this thing. I’m in Charleston, South Carolina. Both cold days are really tough. What am I going to do with a sweater? And once again, I’m wearing a, I’m wearing a uniform every day. Like why the hell do I buy this? But I do. And so a month later.

07:05
We always got excited. This is of course, once again, old guy, sorry everybody, but there’s no email yet. So I have to walk to Mark Clark call every day and your mailbox had like this clear sheet of glass and you could see if you got mail or not. And you get so excited whenever we had mail. And sure enough, one day there’s this envelope waiting for me and I opened this thing up. I’m excited. It’s a letter from my friends at American express. These people that let me buy a sweater. They let me take my friends out to lunch and they want money.

07:34
And I have no money and I have no ability to get money. And I did what any smart person would do. I called my mom and I said, Hey mom, we’ve got a problem. And mom said, no, we don’t have anything. You’ve got a problem. within 90 days, the carb was gone. My credit was wrecked, but that was just the beginning. did not. worked all summer long then with a, with a collection agency to pay off what was probably $200 that had now become like 450 with all of the fees and overdue fees and stuff.

08:04
I worked all summer with a collection agency, but every time I had a chance to get credit, I maxed it out and I blew it. Early in my entrepreneurship journey, I owned a disc jockey company, DJing weddings and parties and whatever. I consistently used credit to buy equipment, but I never had a plan to pay it off. I kept getting worse and worse and worse into debt until I was a first-year financial planner.

08:33
I’m across town from my office and I run out of gas. I remember realizing at that moment what a sham I was. There’s a study by a group called Nonfiction. It’s a wonderful study called The Secret Financial Lives of Americans. It talks about how over 150 million people in America report that they’ve cried about their money. You’d think that this is people that are living paycheck to paycheck, but of people making $250,000 a year more,

09:02
nearly half of those people report that they cry about their money. And this was my day. This was the bottom. I’m going through the seats of this rusted out mini bank because I couldn’t get a car loan. I’d maxed out all my credit. I continually had this thought that if I just make a little more money, if I just make a little more, right? is every entrepreneur that I worked with and I was a financial planner, like at the beginning of their journey, like if I just make a little more, I can make this work. And it was a lie. It was really about getting controls. I actually found

09:30
85 cents in these, these seat cushions. I walk, once again, sounds like an old guy’s story. I walked a mile, but I did walk almost a mile to this mobile gas station where the dude did not want to give me the gas can. He wanted me to buy the gas can cause he thought I was going to steal it. And, uh, I put 80, I finally convinced him. put 85 cents worth of gas in. I somehow make it home, but I had no credit. I borrowed money from everybody I knew. And I’m a financial planner helping other people.

10:00
I’m living this complete lie. So was at that moment that not only did I cry about my money, but everything changed because I realized that now I need to do what I say, which is build your foundation, forget the get rich quick stuff. It’s not about making more money. It’s about the distance between what you make and what you keep. So lockdown, put some financial controls in place. But even more than that, start surrounding myself with better people that could help me, that could coach me.

10:29
So began working on my team. It was amazing how over the next, it took me maybe four years to get a really solid foundation. Then after that, I was building wealth. At the time, I was, and I still am shocked by how quickly it is. When people tell me stories about that, once you make that decision, you can go from it’s horrible to it’s okay in a much quicker time than you think so. I got to 40.

10:58
To answer your question the longest way possible. Well, let me ask you this. Yes. Would you say you could have gotten to the point where you are now without your web properties, your podcast and all those other things? Like what’s your day job of taking you there? My day job totally, my day job totally would have taken me there. Yeah. Okay. Oh yeah. Being a financial planner was paying oodles more money than being a podcaster pace. The thing for me, Steve, was that what was the quality of life was not there.

11:26
I was getting ready to turn 40 and this is when I changed. A mentor of mine, guy named Chris, a letter that he was leaving the firm. I owned a franchise, many of us at the firm owned franchises. This is the type of firm, by the way, that you don’t leave and write a two-weeks notice letter. This is more like, you ever see the movie, Jerry Maguire? Of course. Yeah. This is type of firm where you leave at midnight with the client files and at 4 a.m. you’re calling people, waking them up, trying to get the client to come with you.

11:55
And he writes this letter saying that being a financial planner is good, but it’s not great. And he works so many hours helping other people get what they want that he has no idea what he wants. And he said that he felt lucky that he had built himself a nice base and I had built myself a nice base. And he said, you know, I need time to figure out what I really value, what I want for myself. And the phrase he used was he said, I think I have other mountains to climb. And I thought that was a metaphor. He went and climbed Everest twice. He climbed.

12:24
No, he’s an adventure traveler now and he’s climbed almost all the tall peaks in the world. And that changed my world because here I am, I’ve got a family. I’m doing very well financially now. Like my practice is humming. But I didn’t feel at all fulfilled. I was spending so much time in the future helping other people plan. I wasn’t living in the present. So I decided to sell my business at 40 and become a high school teacher.

12:52
I wasn’t worried about making money. know this stuff about you, Joe. This is fascinating. Okay. So you quit everything and then you took a job as a school teacher, which I would imagine pays like 10 X less. Well, what’s funny is I never actually made it, Steve. I never made it. I enrolled at Texas A &M, Texarkana branch where I lived. And I took two semesters worth of classes. And as I was transitioning out, even before that, my clients that were teachers were telling me they’re like, you’ll be a great teacher. Cause I never get passionate about anything. Right.

13:21
you’ll be a fantastic teacher, but you’re going to find yourself fighting administration.” And I’m like, yeah, whatever. I take all the tests to go into this post-bachelors teaching program. get accepted. go and both semesters, every professor I had taught me that I was going to be fighting administrators. And all I was going to do is be teaching tests, which all the teachers out there listening in public schools know. And it’s so frustrating. so, and I met some brilliant teachers during that year. got to

13:50
follow some people around and they found these wonderful workarounds. But at the same time, I had been doing PR for American Express. I was one of 12 advisors in the country that spoke as subject matter experts on behalf of the company. So I was doing all the major media stuff. And now I was writing my friends’ client newsletters. I was writing their scripts when they went on TV, when they did stuff. I was doing all this freelancing. And very quickly, I was making as much as a first year teacher.

14:19
My kids were in high school and I’m in shorts and a t-shirt and I’m having a blast and I’m learning about how bad my life is going to stink if I become a teacher. So then I transitioned into let’s teach money people about money. And that became a blog that became a podcast, 10 years of podcasting, 1200 episodes. I finally get on Steve’s podcast. The highlight you haven’t been on before. I never have. It’s a highlight of my life. This is it. So it’s a funny story. I just saw you were, you had a book on Facebook and I was like, Hey Joe, cause I hadn’t.

14:49
I mean, we don’t hang out. It’s been a while since I’ve been to FinCon. it has been. Yes. And now you have like this posse around you all the time. It’s really hard to get to you. So I listen to you all the time. You don’t know this, but you go running with me. So you and I have run together. I’m a runner. We’ve run together a ton. But so I saw you working on a book. was like, hey, why don’t you come on, man? We can catch up because I literally don’t remember having a conversation with you for at least five years. It’s been a long time. Yeah. Yeah.

15:17
So, okay, walk me through your blog. When did you start this? Yeah, 2011. Okay, we started around the same time. Yeah. What was the purpose? That was just to teach people about personal finance? It completely was. Okay. And a friend of mine who’s now OG, my co-host on the show, he is a working certified financial planner. He and I decided to make this blog.

15:40
was interested in SEO. I was interested in financial literacy and just more people being along for the ride. I was writing to people and he was focused on the algorithms. we chose a URL called the Free Financial Advisor because it had a high SEO value. And it’s the worst name ever. I actually think the opposite of that. You get what you pay for often.

16:08
And if it’s free, you are the product, right? But it was a very attractive way to get to people. And we tried to write stuff initially that was very much, we were the only people giving financial advice on the internet. it was, these two experts. And we quickly learned that that does not help people with financial literacy. People get intimidated by money. They get frustrated by the fact that

16:36
these experts, do we have an agenda? Do we not have an agenda? Like, what’s the thing? So we very quickly learned to become storytellers instead. And it was usually stories about how much we’ve messed up with our money. And that resonated far, far more. when we created the podcast, the reason we were in my mom’s basement, which podcast is live from my mom’s basement, the reason we have my mom’s neighbor, Doug,

17:02
The reason why our listeners all the time joke that if you learn anything, keep it to yourself because you’ll ruin our reputation was, was Steve to lower the temperature, right? To get rid of some of these heavy duty wind conditions that people feel we get so nervous about it. So we didn’t want to be two experts. wanted to be two guys that might know something about what we’re talking about, but make it very approachable so that more people come along for the ride.

17:30
If you sell on Amazon or run any online business for that matter, the most important aspect of your long-term success will be your brand. And this is why I work with Steven Weigler and his team from Emerge Council to protect my brand over at Bumblebee Linens. Now what’s unique about Emerge Council is that Steve focuses his legal practice on e-commerce and provides strategic and legal representation to entrepreneurs to protect their IP. So for example, if you’ve ever been ripped off or knocked off on Amazon, then Steve can help you fight back and protect yourself.

17:58
Now, first and foremost, protecting our IP starts with a solid trademark and Emerge Council provides attorney-advised strategic trademark prosecution, both in the United States and abroad for a very low price. And furthermore, the students in my course have used Steve for copyrighting their designs, policing against counterfeits and knockoffs, agreements with co-founders and employees, website and social media policies, privacy policies, vendor agreements, brand registry, you name it. So if you need IP protection services, go to EmergeCouncil.com and get a free consult.

18:28
And if you tell Steve that I sent you, you’ll get a hundred dollar discount. That’s E M E R G E C O U N S E L.com. Now back to the show. You know, what’s funny is I have this conflict almost every single week with my blog. On one hand, you want to write in such a way for Google, which is why you guys chose that URL. Yeah. On the other hand, you want to tell stories, but actually stories, ironically can hurt your Google rankings. I know. Isn’t it crazy? Right. So how did you.

18:57
kind of, you know, balance the two with. We didn’t. OK, we just went all in on the storytelling. We did. We did. I mean, we still tried to use SEO whenever possible, but we were much more storytellers because we found that we were finding our way much better with people. However, the blog wasn’t really growing, Steve. And and and when we podcasted, when we started the podcast, that that even didn’t take off at first. It was actually three years into the podcast. We’ve been podcasting for a decade now.

19:25
But three years into the podcast, when we pivoted, we realized that the blog had to go bye-bye and we had to be all in then on podcasting because that’s really where we were finding our wheelhouse. Joe, how do you grow a podcast? You make a podcast that you would want to listen to. You make a podcast that is for, I think, one listener and that’s you, which means I think you have to listen to a lot of podcasts.

19:53
I get frustrated when I hear people that say, well, I really don’t listen to podcasts and I have one. I totally think you have to be a fan of the genre because of the fact that to know your niche and to know what people are doing well and where you fit, I think you have to have to know a lot. So I had listened to a bunch of personal finance podcasts that first year that we had the blog before we started the podcast. People kept telling me from the beginning, they’re like, you listened to lots of podcasts. You should totally have one.

20:22
I’m like, I do not want to be Susie Ormond or Dave Ramsey. Cause it was really, if you remember back 2011, was Susie Dave, you know, that we’re doing the TV stuff. Clark Howard didn’t have a podcast yet. Harlan Landis, our friend Harlan had a podcast, but his was also very serious, very matter of fact. And there weren’t many, many people doing podcasts. And one day I was mowing my lawn and I have my headphones in and I’m listening not to a podcast on this day. I’m listening to the show called car talk.

20:52
And Car Talk was this big show on NPR. Have you ever listened to Car Talk? I’ve heard of it actually. I’ve never listened to it though. So that was these guys. One guy died a couple years ago, but their shows are still evergreen enough that they still play them because they’re hilarious. And it’s these two brothers that call himself Click and Clack and they take questions about cars. And you know, instead of asking you if the alternator belt is broken, they’ll go, your car making this noise? And it’s hilarious. And I’m a guy that even though I’m from Detroit, I didn’t know a lot about cars.

21:22
And I found myself Steve cracking up at this show and I listened to, wanted to listen to it all the time. There was no pressure to know a lot about cars. was a fun approach to cars. And I went this particular day, I went, holy crap. That’s what I want to do when it comes to money. I really want to make the show where I don’t really care about educating you as much as I want to get you just interested. And instead of being Dave or Susie will be like an airport.

21:49
where there’s a bunch of planes that we have curated and I’m going to show you all these different voices and you pick which plane that you want. And as a guy who knows what I’m doing with money, instead of being the know all be all, I’m going to be the guy that knows enough to know that these are planes that I can point you toward. And that was great. This all comes by the way, if people want a really good book on this topic and really approachable book, Austin Kleon, Steel Like an Artist.

22:18
is a fantastic book. it’s just a little, I don’t know if you’ve read this, Steve, but it’s just a little tiny book. Yeah. You can open it up to almost any page. the gist of the book is if you think you’re not creative, just go find stuff that really turns you on. Don’t rip it off because there’s no joy in ripping it off for you. And it also demeans everybody, demeans the process, but remix it, pay homage to it. Like we do car talk. I tell everybody that car talk was my inspiration and make it your own in a way that

22:47
Anybody listening to this that’s heard stacking, Benjamin’s will have no idea that car talk was it. Cause we’ve remixed it enough that it really is more about Joe than about that. love steel, like an artist, Austin Cleon. He’s got another book out. That’s great for creators called show your work where he says that back in the days of Walt Disney, you know, Disney wanted to make sure that the public doesn’t see what’s going on behind the scenes.

23:11
But for people like you and I think your whole podcast is based on your whole brand. A lot of it is show your work. You’re showing what you guys did. And there’s so many people that want to know how you work that show it as much as you can now use your social media channels to show people how you do this stuff. And people will follow you because you’re the trusted voice. Joe, when you started all your podcast, were you already kind of financially set? Cause I know my podcast didn’t make any money for a while. Yes. So, okay.

23:39
Yeah. When I sold my business, I got a huge pile of money for this business. was managing $65 million, which isn’t a tiny practice, but not a huge one. So a mid-size practice, I got a mid to high six figure number. So I had a nice on-ramp that I could swim a moat where I didn’t need the money right away. I would tell most people that if you have an idea for a podcast, keep another job.

24:08
definitely keep another job. Get into podcasting because you have something to say. Learn how to monetize it from the beginning. And we can talk about that, Steve, because this is, think, one place where I disagree with a lot of common advice, which is don’t monetize right away. I completely disagree with that. Actually, I’m of that advice too. I’m curious what your thoughts are on that. Yeah. So I’ve listening to podcasts for a long time and I’m your average listener. And I really

24:38
that some shows, and I got this big aha because some shows I listened to already had ads before I started listening. Other shows had no ads. And then partway through me listening, maybe a year or two into me listening, they decide it’s time to monetize. And I’m running down the road like, you know, these shows have to have two or three episodes where they apologize to their listeners because they’re getting so much hate mail, right? They have to say, hey man, I’m sorry, I’m sorry. And

25:05
And I realized that I was one of those listeners. There’s a video game podcast called giant bomb that did this huge podcast. Great, great podcast. And I remember I’m running down the road and all of sudden I hear a Casper mattress says ad and I’m like, these sellouts, these jerks, like how are they all of sudden doing this crappy stuff? But then I realized later, I only thought that Steve, because they hadn’t had it from the beginning. If I was conditioned from the time that I started listening,

25:34
that this show has ads? I don’t care. I don’t care if it’s from the beginning. I’m like, lots of podcasts have ads. This one does. But if you change already, so that was my thought going in. We obviously had no listeners. So I, being a blogger, went to Commission Junction, you know, and you can go to lots of these places. And I signed up and I had to make sure in the fine print that you could have it on a podcast. And I got a proof for hotels.com. And I thought, what does it say about my brand? Even if I have no listeners?

26:03
this podcast is brought to you by hotels.com. Like, wow, they must be big. They must be huge. And so we didn’t really get paid much by hotels.com because it was CPA revenue stream. So we didn’t get much money. But my thought process was I want to add there before you start so that when I get real advertisers that we can, you know, people aren’t going to get upset. Can I tell you one more quick story? absolutely. I love these stories. Super funny about this. So I’m at a FinCon.

26:33
where you and I met, not the same FinCon, but I’m at FinCon and I’m walking by these booths in the vendor area and I see Fidelity Investments. And at this point, our show has maybe 1200 listeners. And I see Fidelity and my first thought is, man, how great would it just sound?

26:56
be able to say, Stacking Vengeance is brought to you by Fidelity Investments. All of our listeners are going to think that we’re way bigger than we are and that we’re a respectable brand because Fidelity is respectable. And if they endorse us enough that they’ll be our advertisers, it’s going to be huge. But then, course, like every creator I know, the voice in between my ears starts talking and goes, Fidelity Investments. There’s no way in hell these guys are going to sponsor your podcast. But I’m like,

27:24
the hell I’m here. And I never do this by the way, Steve, because I’m afraid of everything. am totally afraid of everything. Okay. Oh, I completely am. I, but, but I decide to get some courage and I walk up to this guy and I met him earlier in the day and I go, Hey, Ben, you know, I got this podcast called stacking, Benjamin’s. goes, really tell me a little bit about it. And I immediately go, okay. He didn’t shut me down right away. So then I try to build a bridge between stacking, Benjamin’s and fidelity. like, Hey, we’re a financial on-ramp.

27:53
We try to have a lot of different voices, a lot of diverse voices on our shows. And we talk about wealth, we talk about beginning. And so I think we have a lot in common with Fidelity. And I’m totally selling it. And how my little thing is a lot like this huge monster corporation. And he keeps listening. And I said, so I think it’d be great if you sponsored our show. And he goes, so how much money are you looking for?

28:18
I go, oh my goodness. so in my head, here’s what happens. I’m like, fidelity investments, chop fricking chin. I can charge them a bajillion dollars because they’re huge. then I thought, so what’s my real ROI here? Is my ROI sucking money out of fidelity or is my true ROI going, stacking vegmas brought to you by fidelity investments? And all of a sudden my mindset flips and I’m like, how little money can I

28:47
and I say that makes me not look stupid because all I really want to do is say fidelity investments. So I said $200. And he said $200 over what period? Like an episode a month or what? And in my head, go, yeah, Joe, $200 over what? Like I didn’t even thought of it. I’m like $200 over what? And I said, well, yeah, a month, a month.

29:13
And all I’m thinking about then is paying our Libsyn bill, right? Paying whatever, whatever, whatever small fees we have, we’ll get that. And he goes, deal, let’s do it. So for three months, I got to say when our podcast was, not that big an audience, Stacking Benjamin’s brought to you by Fidelity Investments. At the end of three months, I’m like, Hey, you want to renew? He’s like, no, we’re good.

29:43
but I had them for three months, which was phenomenal. What’s the going rate on advertising now actually? The way I run my pod is like, as long as someone re-ups, I actually keep the same price. And I’ve had people with me for years now. So I’m curious. I’ve had two that we did by herself a long time ago and they’ve grown with me. And so I’ve grown their number in some cases, 100X.

30:09
what they were paying at first. Yeah. Magnify Money and Haven Life had been with me for a long time. they’ve, but, but, it’s because our, our podcast has grown by tens of thousands of people. So we have about 180,000 downloads a week. And, um, and they’ve grown with me, they’ve stayed with us because it’s been a good marriage. But by the way, that takes a lot of communication and I really consistently communicate with them about what their messaging is. And I have to really like the brands, which I do.

30:39
But we charge, and this is where the conversation that you and I had made a ton of difference. I learned early on that CPM is the dumbest way to charge because it’s often the minimum that you’ll get. really, especially if you have a core audience that loves what you do and they’re passionate and they’re going to believe you when you say that you love a product and you completely do, charge a flat fee that’s way higher than a CPM number. But I’ve always thought.

31:07
If I have to revert to worst case scenario, I was told by everybody CPM is worst case scenario. So then I learned CPM, but I learned it the wrong way. And Steve taught me the right way. And that was the wrong way was our CPM number is still 25. So, so 25 per thousand is our CPM number, which is about average. could probably, I could probably get more than, than 25. We’re with the network now. So I don’t even do the marketing for it anymore.

31:37
But my goal with 25 was I like the communication with current advertisers. I don’t like the mill of having to constantly get new ones. So I’d rather have somebody where I’m making enough money that I’m happy and they’re getting a good enough deal with us that they want to stay on board for a long time. we’ve had Navy Federal now forever. some of the brands on our show that people here have been with us for a long time, but where you helped me was at CPM per mention.

32:07
So with Magdifi Money, one of our early brands, I was charging them 25 CPM. And because I advertisers do a pre-roll and a mid-roll, I was just doing it. And I have this conversation with Steve, you’re like 25 and you’re mentioning them twice. You need to charge 50. And then I found out because I was violating my own rule and not talking about this with enough people, I found out that was Steve told me that I need to double my rate.

32:35
And so I doubled it to fifth. I went to magnify money and I actually was, and this is always good by the way, if there’s bad news, make sure your advertiser hears it from you first. there was a time that Libsyn, our hosting platform had this huge mess up where they were showing us far more downloads than we had. And I was charging magnify money and Haven life and others for phantom downloads that weren’t happening. I called my advertisers immediately and told them that I’ve been inadvertently ripping them off.

33:05
And that here’s what I want to do to make it right. The second, I, cause they’re going to find out later and you, you want to be the person that gives that to them. But anyway, they, they, and they’re still with me, but I had to go to Nick and say, Hey, I’ve been charging you half rate. So congratulations, which I think also made it better when I told them that we were ripping them off. Cause we had this honesty back and forth, you know, that resonated. it came to growing your podcast though, did you ever pay for marketing or is it just been organic for the most?

33:35
Uh, we only started the past couple of years paying for marketing. when, when we hit, when we hit about 28, 29,000 downloads and it was just South of 30,000 downloads, we just, we didn’t skid to a stop. was this just hard break where, where the organic marketing that we were doing was not enough. We needed to go find our audience. this per episode or per week or 30,000?

34:05
Yeah. Yeah. Yeah. Per episode. I’m sorry. Okay. Okay. Yeah. Yeah. And we do three times a week in the way that we, the way that we get, cause we still, if you add up the numbers that we’re at for three episodes, we’re still only in the 40, 45,000 range. But remember new listeners are going back and doing the back catalog as well, which, is the difference, the Delta between the three episode number and the weekly number of around 180. We, geez, what type are we talking about? That’s all talking about paid marketing. Yes.

34:33
Yeah, we started a couple of years ago and a mutual friend of ours, Jordan Harbinger, I watched what he does with his show that is beautiful and amazing the way that he markets. I realized from him and I realized I was driving down the road one day and I saw Dave Ramsey, who’s the bajillion pound gorilla in our space. Dave Ramsey has marketing. And I realized that if there people out there that need Dave Ramsey’s marketing,

34:58
They certainly don’t know who Josel Sehi is. So I’m going to need a marketing budget where we didn’t have one in the past.

35:06
I just wanted to let you know that tickets for the 2022 Seller Summit are now on sale over at Sellersummit.com. Now, what is the Seller Summit? It is the conference that I hold every year that specifically targets e-commerce entrepreneurs selling physical products online. And unlike other events that focus on inspirational stories and high-level BS, mine is a curriculum-based conference where you will leave with practical and actionable strategies specifically for an e-commerce business. And in fact, every speaker that I invite

35:33
is deep in the trenches of their own e-commerce business. Entrepreneurs who are importing large quantities of physical goods and not some high-level guys who are overseeing their companies at 50,000 feet. The other thing I can assure you is that the seller summit will be small and intimate. Every year we cut out ticket sales at around 200 people, so tickets will sell out fast and in fact we sell out every single year many months in advance. Now if you’re an e-commerce entrepreneur making over 250k or $1 million per year in revenue,

36:00
We are also offering an exclusive mastermind experience with other top sellers. Now the Seller Summit is going to be held in Fort Lauderdale, Florida from May 4th to May 6th. And as of right now, we’re almost already sold out of mastermind tickets and we’ll be raising the price every month leading up to the event after Cyber Monday. For more information, go to sellerssummit.com. Once again, that’s sellerssummit.com or just Google it. Now back to the show.

36:26
So you’re just paying to be mentioned in other podcasts then? That’s what Jordan does. Yeah. Yeah. Well, no, we do that, but we also do, we also do marketing, uh, social media marketing where, where we have paid advertising. We started off with Facebook. It’s flipping horrible. We’ll do, we’ll do Instagram ads. We had what looked like great success with Twitter, believe it or not, doing paid Twitter ads, the numbers, the clicks were really good.

36:52
It turned out though that we didn’t really see any good follow through from Twitter. So even though it looked, the numbers initially looked good. There was no real follow through where we finding people. Instagram seems to be for us where our audience is. So we do some paid Instagram advertising. Interesting. Does it balance out though? Like it’s hard to calculate ROI on, on advertising for a podcast, right? It totally is. And I, I seriously don’t know if it pays.

37:21
what we, if we get a great ROI, but I’ll tell you this, that, you know, I love guerrilla marketing, the book, Guerrilla Marketing. And I believe that when you commit to a platform, you have to commit to it long enough for people to get past that inevitable, you know, they have to see you over and over and over. Like whenever we get a new advertiser that wants to be on only two or three episodes, Steve, you’ve had this happen. I go back and tell them, you should just burn your money. Cause there’s no way in three episodes when I publish three times a week that anybody’s going to hear you.

37:50
You have to consistently be in the same place for anybody to notice that you’re there. So at this point, we’re committed to it. But we also are committed to it in a different way. I took a social media marketing course last year through MIT, which was fantastic. A coach told me, you should always ask who, not how. Don’t ask how to do something. Ask who knows how to do this. And so then you don’t get lost in the weeds.

38:18
You you don’t take hours and hours or days and days or months and months. And I realized that I did need to know how social media works. I’ve been doing it for a decade and I had no flipping idea. And as you know, there’s so many, so there’s so many slimy people in that realm that try to tell us what’s right. And I thought the who that I need is an academic who that I’m going to believe. So I paid a bunch of money for two of us to take this course and I got a backbone. And that’s when we really started last year.

38:48
doing our advertising because I had a much bigger backbone of how it works, what we need to do, what our strategy is going to be. So are your main income sources just advertising from the pot or do you have other income streams coming in? We do have other income streams, but they’re minuscule and we’re way behind. And we did so many things wrong. am, I am very quickly trying to grow my, email list.

39:10
My email list is horrible with the number of people that listen to our podcast. We have 8,000 people on our email list, way, way, way, way too small. And I always rolled my eyes. like, I’m a podcaster. I don’t really care about email campaign. We now have a woman named Brooke Miller, who’s a former financial planner, a CFP. And she writes 90 % of this phenomenal email we have now that I’ll put up against anybody’s. We call it the 201 because stacking Benjamin’s is kind of the one-on-one, the on-ramp.

39:39
And we tell people that if you really want to dive into these topics, you don’t even have to listen to the show. Originally, we made it a guide to the show, which was a mistake because we found out that people were missing. You know, we publish so much that people, people were missing episodes like, well, I really don’t want to get the 201 because I didn’t even listen to the 101. So we reframed it as you don’t even have to listen to the show. We’re going to just go into deep dives on the same topic. So if you like the topics, but you really want to read and do deeper stuff.

40:07
we’re going to give you tons and tons of links that we’ve curated to take you to sources that we trust to go deeper on these topics. when we did that the last six months, we’ve added a thousand people in the last three months. So yeah. It’s generally hard to get people from a podcast to actually sign up for an email though. yeah, totally is.

40:31
Well, and what I saw yesterday, because I always want to look at what successful advertisers are doing. I learned this from MIT as well. When you see a great ad on social media, stop and really examine it and see how they did it. Did they move their camera? Was it the fact that I was connecting with them as a person? Was it the visuals they were showing? How do they cut it? What do they do that really makes this resonate with me?

41:01
I noticed yesterday a woman with a money newsletter that she’s paying for advertising just for her newsletter. And I now have this idea. I’m wondering if, if like morning brew, which is, or, or the hustle, you know, some of these great newsletters out there, if, what the ROI would be if we start doing sponsored. Oh, it’s a lot. It’s like 120 CPM.

41:28
You have ads in your emails, right? No, no, I’m talking about if, if, if, if I just market my email instead of market my podcast, what if I market my email? This, this great email. Gotcha. Gotcha. Gotcha. Yeah. Yeah. That works too. Because I know that it’s good enough. Now we have very few unsubscribes. have very few unsubscribes, which makes me very happy. By the way, to get to this point, it took us a long time. We had, when I started emailing people consistently, even though was a great email newsletter, there’s these people that been on my email list for six, seven years going, what the hell?

41:58
All of a sudden I’m getting three emails a week. And we were turning people over quickly for about four months. And then you saw it dry up as the people that didn’t want that left and new people started coming in. And then now we’re climbing this great mountain, but I think we can make it climb faster. Oh yeah. Because to your point, I do think this is a big revenue source as well. I mean, you have a huge audience. Let’s switch gears and talk about this book. So why write a book?

42:24
I’m working on one right now. have my own reasons, but I’m curious what yours are. Cause I know you’re on this crazy road trip right now. 40 cities, Yeah. 40 cities. If you want to come hang out, I’m 10 cities in, as we record this stacking, vegamins.com slash stack, by the way, to see the, just hang out with other money nerds. Cause it is fun. Other entrepreneurs as well. California already? I did. Okay. It was actually on, you know, it’s funny, Steve, on that thread where I said I was coming to the Bay area was when you said you want to come on the pod.

42:54
Oh man. Okay. I would totally come out and hung out. Good Lord. Chris Hutchins was there. It was fun. had Bobby. Bobby Lee was there. was cool. I haven’t seen Bobby in ages. Me neither. Jordan said, no, I got the little one at home. He goes, I’m an hour away and that’s just too far with the kid at home. So he’s got two little ones now. Yes. Yeah. He’s pulling that little stubby hair that he’s got out. But he, but yeah, I saw a lot of nice people in San Francisco, but, the reason

43:23
The reason for the book is that I think that for any creator, what I’ve noticed is I’m the same guy, Steve, that I was six months ago. people have been telling me this for 10 years. People do treat you differently when you write a book. They do treat you differently and they think of you more as a thought leader instead of just a podcast host. And it’s really surprising on that end. For me, it kind of dovetails into your last question, which is, you have other streams and other ways that people find you?

43:52
And the podcast is really the only way people find us. So I thought that bringing a book into the world, that’s a book that I would want to read that I’m really proud of, may also bring more listeners to the podcast as well. And I also thought it was an outlet for some of this good work that we do. So the end of every chapter of our book, our book is designed very campy, like our show into achievements. Cause I did the Austin Kleon thing and I took the

44:21
I took the Cub Scout Wolf guide that I’d found. My mom actually gave me the stuff out of her attic when she, when I was 51, I’m 51 years old. She finally trusts me with this crap in the attic, but I saw this thing and these guys were gamifying stuff way before, you know, these great app creators may turn things into a game. so our book has been gamified, but at the end of every chapter, steal like an artist. I was on vacation at this place, Amelia Island near Jacksonville.

44:50
gorgeous Island. And I was in this little bookstore and I saw Howard Stern had a book that was totally transcripts of his interviews. And then I think about Tim Ferriss, know, his last, yeah, yeah. Tools of Titans, right? Titans. Yep. Yep. Are totally just books where he’s taken his interviews and he turns them into books. And I didn’t want to do that, but I did want to fuse.

45:18
reading with what we do on the podcast. at the end of every chapter, we have somebody who’s a subject matter expert that had come on our show. And we have a transcription from Gene Chatsky from the Today Show or Jill Schlesinger from CBS News or Phil Town on investing or Tiffany Aliche, the budget Nista talking about building your budget. some good people at the end of each one of those. I thought there was some fusion there and I thought it was a good way to become more of a thought leader.

45:48
Number one, are seen as a thought leader, which I totally think I am to Brad. Definitely are no question. That’s number one. Number two, number two is to have a different way for people to approach this. And number three, really it was kind of about this tour about having a reason to go and connect with people. Cause as you know, you and I do this and you’re in a room by yourself. I’m in a hotel room by myself. You don’t get.

46:17
this great thing that I’m getting right now, which is this gratitude that anybody listens to what we do. I am, I don’t care about the, about the big numbers. I care about one person who comes up and says, you know what? I changed the way I manage money because of what you do. And oh my, you know, when you can put a face to that, it’s pretty, it’s pretty inspiring for me. if I may say a couple of things about the book, uh, when you’ve, when you sent it to me, I was like, okay, great. Another

46:46
personal finance book in my collection, but I read it and it is a very amusing read. Like it’s very entertaining. Like of all the personal finance books I’ve read, I mean, it’s like talking to you actually. It’s funny. You got puns. I like the interviews, you know, that you’ve had with, cause I, we’re all friends too, but I mean, you’ve, you’ve taken out excerpts of interviews that are just very valuable and that support the thesis for whatever chapter that you’re writing.

47:15
But it’s a very amusing read. actually like reading a, it’s like reading a novel, like a story. It’s all stories and it teaches a lesson. So I highly recommend anyone out there listening to this, go pick it up. Especially if you’re in debt, but it’s not really about getting out of debt book. It’s about just building wealth. Well, and I’ll tell you the last quarter, if you’re a serious money nerd, the last quarter of it is stuff you haven’t heard of before. The worst reviews that we get, and there are not many, but they all have the same theme.

47:44
which is I read a lot of money management books and I didn’t like it. And to your point, this is not like other books because somebody that reads a lot of money management books is not my audience. My audience is that person who’s being left behind who doesn’t have an on-ramp that really wants an easy way to get into this topic that we all need. Yeah, it’s not intimidating is the best word actually. Thank you.

48:11
I think in like the first chapter you fall and say, I’m not an expert. I’m not, you know, trying to be your guru or whatnot, just telling you how it is and stories to support it. I’m, in a very lucky place. I’ve, I’ve seen hundreds of people retire over the 16 years. was a financial planner. I haven’t been a financial planner in 13 years, 12, 13 years. And, um, but I’ve seen a lot of people do stuff that people are messing up or people are getting right. And not many people out there, you know, have been able to sit where I have, where you.

48:41
You’ve seen a lot of people do a lot of cool things with their money because of the number of meetings I was in. But at the same time, be in financial media now to help other people with that. So, So Joe, where can people find you, your podcast and your book? Yeah. Stacking Benjamins is the name of the podcast. We call it the greatest money show on earth. Cause as Steve knows, it’s a total circus. It is a variety show. It’s a ton of fun.

49:07
And you’ll find everything about the book and our tour at stacking vegans.com slash stacked, or just going to say hi to me on Twitter. hang out on Twitter a fair amount average Joe money on Twitter. Awesome. And by the way, the podcast highly recommend it’s actually a lot like this interview. mean, Joe is just, you got a podcasters voice. You know I’m saying? People tell you that they do, but it’s the one thing is, you know, you can’t do anything with Steve. You’re like, well, thank my mom.

49:34
Like my mom did it, not me. I have no idea. Yeah. But Joe is great catching up today, man. Thanks a lot for coming on. Thanks for having me, Steve.

49:45
Hope you enjoyed that episode, and if you love listening to Joe talk, his book is even better, so be sure to check out Stack, your super serious guide to money management at your favorite bookstore. For more information about this episode, go to mywifequitterjob.com slash episode 399. And once again, I’m going to thank Postscript, which is my SMS marketing platform of choice for e-commerce. With a few clicks of a button, you can easily segment and send targeted text messages to your client base. SMS is the next big own marketing platform, and you can sign up for free over at postscript.io slash Steve.

50:15
That’s P-O-S-T-S-E-R-I-P-T dot I-O slash Steve. I also want to thank Clavio, which is my email marketing platform of choice for eCommerce merchants. You can easily put together automated flows like an abandoned card sequence, a post purchase flow, a win back campaign, basically all these sequences that will make you money on autopilot. So head on over to mywifequitterjob.com slash K-L-A-V-I-Y-O. Once again, that’s mywifequitterjob.com slash K-L-A-V-I-Y-O. Now I talk about how I use these tools in my blog, and if you were interested in starting your own eCommerce store,

50:44
Head on over to mywifequitterjob.com and sign up for my free six day mini course. Just type in your email and I’ll send you the course right away. Thanks for listening.

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In this 6 day mini course, I reveal the steps that my wife and I took to earn 100 thousand dollars in the span of just a year. Best of all, it's absolutely free!

398: I Doubled My Social Media Following in 6 Months With This Strategy. Here’s How With JK Molina

398: I Doubled My Social Media Following in 6 Months With This Strategy.  Here's How With JK Molina

Today I have my buddy JK Molina on the show. JK is a Twitter expert and the owner of TweetHunter, a tool that allows you to manage and grow your Twitter account.

Full disclosure: I was a Twitter skeptic before I met JK. But today, Twitter is one of the social media platforms that I value the most.

In this episode, you’ll learn how JK helped me double my Twitter following to 15K followers in just 6 months and the practical applications of this platform.

What You’ll Learn

  • Why Twitter is important and how to use it for business
  • How JK helped me double my following to almost 15,000 subscribers in 6 months
  • How to effectively manage a Twitter account

Other Resources And Books

Sponsors

Postscript.io – Postscript.io is the SMS marketing platform that I personally use for my ecommerce store. Postscript specializes in ecommerce and is by far the simplest and easiest text message marketing platform that I’ve used and it’s reasonably priced. Click here and try Postscript for FREE.
Postscript.io

Klaviyo.com – Klaviyo is the email marketing platform that I personally use for my ecommerce store. Created specifically for ecommerce, it is the best email marketing provider that I’ve used to date. Click here and try Klaviyo for FREE.
Klaviyo

EmergeCounsel.com – EmergeCounsel is the service I use for trademarks and to get advice on any issue related to intellectual property protection. Click here and get $100 OFF by mentioning the My Wife Quit Her Job podcast.
Emerge Counsel

Transcript

00:00
You’re listening to the My Wife, Quit Her Job podcast, the place where I bring on successful bootstrap business owners and delve deeply into the strategies they use to grow their businesses. Today, I my buddy, JK Molina on the show. And JK is a Twitter expert and also a part owner in the company Tweet Hunter, a tool that allows you to manage and grow your Twitter account. Now you’re probably thinking to yourself, is Twitter relevant for an online business? And the answer is a resounding yes. And in fact, Twitter is one of these social media platforms that I value the most. And in this interview, you’ll learn how JK helped me to double my Twitter following

00:30
to 15K followers in just six months and the practical applications of this platform. But before I begin, I wanna thank Postscript for sponsoring this episode. Postscript is my SMS or text messaging provider that I use for e-commerce and it’s crushing it for me. I never thought that people would want marketing text messages, but it works. In fact, my tiny SMS list is performing on par with my email list, which is easily 10X bigger. Anyway, Postscript specializes in text message marketing for e-commerce and you can segment your audience just like email. It’s an inexpensive solution, converts like crazy,

00:59
and you can try it for free over at postscript.io slash Steve. That’s P-O-S-T-S-E-R-I-P-T dot I-O slash Steve. I also want to thank Klaviyo for sponsoring this episode. I’m always excited to talk about Klaviyo because they’re the email marketing platform that I personally use from my eCommerce store and I depend on them for over 30 % of my revenue. Now you’re probably wondering why Klaviyo and not another provider. Well Klaviyo is the only email platform out there that is specifically built for eCommerce stores and here’s why it’s so powerful. Klaviyo can track every single customer who has shopped in your store and exactly what they bought.

01:30
So let’s say want to send out an email to everyone who purchased a red hankie in the last week. Easy. Let’s say I want to set up a special autoresponder sequence to my customers depending on what they bought, piece of cake, and there’s full revenue tracking in every single email sent. Klaviyo is the most powerful email platform that I’ve ever used, and you can try them for free over at klaviyo.com slash my wife. That’s K-L-A-V-I-Y-O dot com slash my wife. And then finally, I want to mention my other podcast that I released with my partner Tony, and unlike this podcast where I interview successful entrepreneurs,

01:59
and e-commerce, the Profitable Audience Podcast covers all things related to content creation and building an audience. No topic is off the table and we tell it like how it is in a rather entertaining way. So be sure to check out the Profitable Audience Podcast on your favorite podcast app. Now onto the show.

02:21
Welcome to the My Wife Could Her Job podcast. Today I’m happy to have JK Molina on the show. Now, JK is someone who I met virtually through Chase Diamond, and he is 100 % responsible for helping me double my Twitter following to almost 15,000 subscribers in six months. Now, if you’re listening to this and wondering why Twitter is a valuable platform, trust me, I was skeptical as well until I met Chase and JK. And today, Twitter is actually the social following I value the most.

02:50
In this interview with JK today, you’ll actually learn why Twitter is so powerful and how you too can double your Twitter following in half a year. And with that, welcome to the show, JK. How are doing today, Appreciate you, bro. That’s an intro right there. Thank you for having me here. I’m happy. yeah, Twitter’s changed my life. It’s been great meeting you and Chase. I’m excited to get into this thing. So it’s funny, it’s like when I first met you, I think the first impression I had was, wow, this guy’s really young. So I’m really curious how…

03:19
you got into Twitter copywriting in the first place. Yeah. um, I was, you know, like COVID hit and everyone was just kind of like, okay, what’s going on? And I used to go out a lot, but then I was just in my bed, just scrolling and I was just scrolling, you know, among like the same three apps, you know, what you do when you’re bored. You just scroll, scroll on the three apps. Yep. So I’m just like Facebook, Instagram, Twitter, Facebook, Instagram, Twitter.

03:46
And then I saw a screenshot on Twitter, this guy, Chris Johnson, he was making like $250,000 a month. And I’m looking at it and I’m like, no way, there’s no way. Like, come on, like, no, there’s no way. Then I got into it and I got kind of down the rabbit hole. And it was true. Like he was making that kind of money, selling courses on Instagram and Twitter on how to invest in the stock market. And, you know, kind of one follow led to another.

04:12
I just started following everyone and discovering this thing called, we call it money Twitter, which it’s hard to explain like without it sounding, it’s sketchy, but it’s like a lot of people who are very good at business. just gather on Twitter and share their ideas for free. Right. So like every group, there’s like half that are trying to, you know, scam you or whatever half are actually really good and there can actually change your business. Right. They’re the, they’re the Steve’s or the chases. They’re the good people. Right.

04:43
And I was getting into that and then I was, I didn’t really have any skills at the moment. just like to tweet. Then I saw a tweet about Lawrence King. So his ad is Lawrence King. Yo, he tweeted something that says, look at Gillette Gillette has 130,000 followers at the time, right? The razor company. But they only had like with one 30 K followers. They only had three to four likes per tweet. And he said,

05:11
That’s a multi-billion dollar company. How much do you think they would pay someone just to help them go viral on Twitter? And then I’m looking at it and like, you know what? Yeah, that, that, makes sense. Okay. Let’s try it. So I just started doing outreach. I just started, you know, seeing who wanted some clients. Eventually I landed one ghost riding client, which is what I currently do. I take a personal brands and maybe they don’t have time or they don’t know how Twitter works. They don’t have access to that.

05:41
and then I write for them and I helped them grow their Twitter following. And that’s how I got into it. Like I would say I got lucky because I saw that tweet at the right time. I saw the 250k speech at the right time. So I really got lucky and here I am. You know what’s funny is, so when I first started, I think I started out with 6,000 Twitter followers and I was like Gillette on a much smaller scale. I would tweet something and it’d be crickets. Like I wouldn’t even get to 13 likes. So

06:11
I was hoping live on this podcast here, you can just kind of walk through the conversations that we had in the beginning on formulating a strategy for me to grow because, well, let me just tell the audience what I was doing before. All I did was I write one blog post a week and all I did was I had a tool where I just went through my entire library of posts and would just tweet them like once or twice a day. then I remember the first thing you told me was that’s like the worst thing that you can do.

06:40
So yeah, walk me through that first consultation call that we had where you just kind of walk me through the overall strategy for me, customized to me. Yeah, so that’s a big problem that I see sometimes written. If you go to like authors, right? You know the guy, what’s this book, The Seven Effective Habits? Seven Habits of Highly Effective People, that guy, right? Yep. So he’s on Twitter, he’s verified, he has a huge following.

07:10
Dude, like I have more likes per tweet than him, you know, and I didn’t write a bestseller, right? So it’s like something’s going on. And the reason why, like he is kind of killing it. Uh, and on the bad sense, like killing his account is cause he only tweets, he only tweets, uh, links and links and links and links and the Twitter algorithm doesn’t like that. Right. It kind of aggregates everything that you’ve done. And in the end, if you don’t have like really good just content and

07:39
that people like, it’ll just not push what you’re doing. So on the first goal, I was asking like, okay, what are your goals? People have different goals on Twitter. Some people just want followers, right? Most of my clients only want followers, because they’re like startup people or SaaS people. And they’re like, you know what, I have enough money already. I don’t want to do X and Y and Z. I just want followers. I just want influence. I’m like, okay, I’ll just get followers. Some other people want engagement. They’re like, you know, my account’s dead.

08:07
I need you to revive it. Okay, so that’s what you want. Some people like, I thought you told me, yo, I want email signups. I want email signups. I’m like, okay, so that’s the strategy. Some others want, what is it? Sales on their products. It’s usually low ticket. So it’s gonna be like info products, or maybe you can sell a higher ticket, but you have to do it in the DMs. And the other one, I’m forgetting.

08:36
Oh, that’s the actually the sickest one to write for people who want influence that just not not followers, but they want influence. One friend from Twitter actually told me his ad is Lobo, Lobo salvaje. He told me the real Twitter metric is not so much engagement. It’s how many people are talking about your ideas. And I like that a lot. So that’s my favorite type of clients write for. But anyway, you know what, let’s take a step back. J.K. Let’s let’s talk about why Twitter is important.

09:05
before we get into that, strategy that I have my answer. I’m just kind of curious what yours is first and then I’ll chime in. Yeah, cool. So I think Twitter is important because on Facebook and Instagram, you’re kind of nerfed and nerfed in the sense that it’s hard to grow organically, I think. And there’s no real sense of community. And it sounds woo woo, right? But still, it be firm if you’re listening to this. So

09:33
For example, let’s say somebody is super famous, right? And they like and comment your stuff, or they’re just coming at it. Every single one of your followers can, of their followers can see that he engaged with you. So in their mind, they’re like, oh, maybe these guys know each other. Right? Maybe I like a tweet from Steve, right? I like a tweet from Steve and I’ll retweet it. And that retweet button for me is the second most powerful Twitter tool. The most powerful is the DM feature.

10:00
But the second most powerful is the retweet button. I’m sure as well, because I can just retweet Steve and the retweet button is essentially, I like your stuff so much that for one day I’m going to let you have the audience that I built over months, years now. Right? Right. So it’s like, I’m just giving you that network effect. That’s the second reason. And the third reason I would say is there’s just so many high value people in there. Like, Oh, probably people are listening to this.

10:29
They’ll probably know who Taylor Welch is. So Taylor is there. Like, and he’s just like, Oh my God, this I’ve been on Facebook my whole life. And this is so much better. Like you can literally DM authors, like people who work in like huge tech companies, startup founders, SaaS people, come like moguls and you can just text them and be like, yo, what’s the font you used in your book or something? You can just connect with them like right there.

10:59
So it’s a more, more, it’s a much more better networking app, if you will. That’s why what I see Twitter as. There’s a good tweet by Matthew Kovach that describes this, which is LinkedIn is the networking event. Twitter is the bar after the networking event where you actually network. Okay. I a hundred percent agree. Like I’ve only been serious about Twitter for, I guess, since I’ve been working with you, which is like seven months now, but.

11:28
Man, you can get access to anyone on Twitter and for some reason people are much more likely to respond to you on Twitter than any other social platform that I’ve ever been on, including myself. Like if someone DMs me on Twitter, I’m much more likely to respond for some reason than getting a DM on Instagram. Maybe it’s just because that’s like the culture, but for me the power of Twitter has been people DMing me and if I have a conversation with someone on Twitter, the chances of them

11:56
buying something from me, whether it be a course or just following me or buying one of my affiliate offers is so high. And I haven’t experienced that in any other social platform. Yeah. And then there’s kind of the trade off, which is Twitter is not that big yet. So you can’t get more traffic from other sources, but Twitter is just higher quality traffic at a smaller scale. That’s correct. And actually, you what’s funny is I’ve gotten a lot of followers.

12:23
like joining my email list from Twitter, people asking me questions. For some reason, like I can tell when someone’s serious on Twitter because it just seems like it’s more, at least for my industry, which is the make money industry, it seems like there’s a huge audience on Twitter that is harder to find on the other platforms, at least for me, in my experience. Yeah, it’s hard. If you comment on Instagram, like they don’t, like if…

12:51
like a huge star comments on your stuff on Instagram. Nobody sees it. Do they? I don’t think so. It probably gets lost. Yeah. Yeah. Yeah. I mean, you can’t see it, but it’s just not evident when it comes to Twitter. Everyone sees it. Like, Oh my God. Like when I was just starting out, I had a tweet and like 100 followers. Right. And then Chris Johnson, this guy, the stock market guy, he just retweeted my stuff.

13:20
Like once, like it was a thread about human nature or psychology or something. And it, it like, tripled my following in a night. And I’m looking at it like, wow, like retweets can actually start businesses. And you’ve made friends with one big guy. You’re good forever. Yeah. I was, was just thinking to myself, as soon as you started working with me, I think the first three days I already got like 600 followers. It was nuts. It was nuts.

13:49
Yeah, I think you did something really, really right when it came to that. So I think I told you, we’re going to focus on followers, right? In the beginning, because we need to like, you were just starting out, maybe your account was a little dead from the… That was dead. Dead account, dead. Yeah, it was dead. But we’re just like, okay, we’re going to revive. We’re going to get you followers. So when you first start on Twitter, it’s super good to just comment.

14:18
come at it through the lens of everybody wants to be friends with the cool guy. So you want to be the cool guy, right? So then I, and I asked, okay, Steve, what are some things that you’ve done that people think are impressive? And I told you, don’t be humble. You told me everything you’ve done. And that was super good. Cause what you’re doing there is you’re telling me your headlines. You’re basically telling me what you want to write about. And I told, okay, what have you done? What have you done? What have you done? And then I asked you.

14:47
You’ll see what have been some of your lowest points and you told me and then you see what we were doing there. It’s like, okay, so this is the low point. This is the high point. And then you write threads and you don’t know what a thread is. It’s just a lot of tweets put in together and then you can craft the headlines. Like why are like the huge headlines always the same? The racks, the richest guy, the guy that came through with a, I know with the limitation, the guy that’s to the course and eventually won.

15:14
same thing here, you write a thread about your story, what have you done? So, so I always ask people this when they ask like, yo, I need help. I’m like, okay, so what impressive things have you done? And what are your lowest points? And when people reach out to you in the DMs, what do they ask you? That’s very important too, because it kind of tells you what your audience wants from you, right? For every guy that asks you, there are like hundred people that didn’t, but it’s something that’s in their minds. So if you write stuff,

15:43
about what people ask you already and stuff that makes you look like, I don’t know how to say this, like in a non flashy way, but that makes you look like the cool guy. You’re good because then people are flocking to you. They want to be your friend and you’re answering questions that are actually relevant, which is vastly different from the seven highly effective habits from highly effective people. That’s just tweeting out links, you know? I mean, that’s just ironic, isn’t it? Because that book is about

16:13
you know, being effective and engaging and then you’re just tweeting out links. Yeah, they should just hire me, bro. I’m just gonna, I’m just gonna go. All right. So yeah, I remember it starting out like that. And then I think you just told me to stop tweeting. I had that on an auto tweeter. You told me to stop that. And here’s one thing I remember you telling me. Don’t tweet out links. And you said, if someone wants to find you, they’ll find you either through your bio or through Googling.

16:44
Yeah, it’s, it’s patient, which is, which is why it’s a, it’s a hard like thing to grasp for people who are just starting out. It’s like, yeah, it’s got to make you a lot of money, but it’s going to take a year. But you got to, it’s, it is going to work. Right. And if you want to tweet out links and you’re like, Oh, I really want to push a link. There’s a way to it, which is tied to engagement. So remember how we, we covered that if you want followers, you want to be painted as the cool guy.

17:11
If you want engagement, you want to be very, very relatable and timely. Those are the two words. Cause you want to kind of see what’s going on in the world and talk about it. Cause Twitter is very, if you see the twitter.com actual landing page, it says, uh, see what’s going on. So that tells you it’s a news website, which we don’t really use that for, but it is, it is, it favors like relevant topics. Right. So the other day I was tweeting about, um,

17:41
Bitcoin just reached an all time high, but you can’t get a client for your Twitter services to pay you $2,500. And then it blew up because it was happening, right? At the time it was relevant, right? Or some other times, like I saw a tweet by Dan Goh, that was a really good tweet. Black Friday, and he tweeted that Black Friday 2020. Black Friday is the perfect excuse to unsubscribe from all the companies that have your emails.

18:09
I’m like, oh, okay, that’s good. And then that’s kind of how you get people to like your stuff. You are timely and the other one is being, what did I say? Relatable. So, relatable is kind of putting into words what everyone has in their heads. So for instance, like you had a good tweet, right? That says like, people are like willing to pay for a, what is it? 17.99 Netflix subscription, but they’re not really willing to pay that money for a course or whatever.

18:39
And it’s like, that doesn’t make sense, but we all know that that happened. So when you combine relatability and timeliness, you are entertaining. It’s like, Oh, I want to see what Steve tweeted because then it’s fun. It’s good. It’s, know, it’s relevant to what’s going on. And then if you really want to post the link, you want to do it sneaky. So you don’t really want to post like, yo, here it is. You want to say, okay, after a tweet performed well.

19:06
Let’s say you got 50 likes, 100 likes, a thousand likes, whatever well is good for you. You want to plug it in below because the tweet that was up has already guaranteed impressions. And then the second tweet will get guaranteed impressions and it won’t be nerfed by Twitter because it’s a below a viral tweet already. I don’t know if that makes sense.

19:30
If you sell on Amazon or run any online business for that matter, the most important aspect of your long-term success will be your brand. And this is why I work with Steven Weigler and his team from Emerge Council to protect my brand over at Bumblebee Linens. Now what’s unique about Emerge Council is that Steve focuses his legal practice on e-commerce and provides strategic and legal representation to entrepreneurs to protect their IP. So for example, if you’ve ever been ripped off or knocked off on Amazon, then Steve can help you fight back and protect yourself.

19:59
Now, first and foremost, protecting our IP starts with a solid trademark and Emerge Council provides attorney-advised strategic trademark prosecution, both in the United States and abroad for a very low price. And furthermore, the students in my course have used Steve for copyrighting their designs, policing against counterfeits and knockoffs, agreements with co-founders and employees, website and social media policies, privacy policies, vendor agreements, brand registry, you name it. So if you need IP protection services, go to EmergeCouncil.com and get a free consult.

20:28
And if you tell Steve that I sent you, you’ll get a hundred dollar discount. That’s E-M-E-R-G-E-C-O-U-N-S-E-L dot com. Now back to the show. Yeah, why don’t you elaborate that a little more. So let’s say you have a tweet. Let’s say it has like 500 likes on it. Do you, what do you do? Do you retweet it? Do you, like the link? How do you add the link? Explain to the listeners. You just add it as a comment. Cause when you add it as a comment and it’s your own account, it’ll appear as a thread. So it’ll be like linked.

20:58
If you, if it makes sense, So it appears that to tweet thread, right. So that’s how you plug in links. Yeah. And that’s the right way to insert a link because you already, you’re piggybacking off of something that’s already successful as opposed to just posting a link straight out on a tweet. Correct. Yeah. You want to talk about how, to like jumpstart your account if you’re at zero? Yeah, let’s, let’s do that because, uh, my account was literally dead. think for like, when we pulled up the analytics, I think for like the past

21:28
six to 12 months, I think I hadn’t grown a single follower. All So how do you jumpstart? There are three ways to jumpstart. It all depends on your budget. So the number one way to start is how I started Zero Budget, which is you got to look at other accounts in your niche and ask yourself, who has the audience that I would like to have? And for me, it was writing guys, copywriting, marketing guys. And I was like, okay.

21:56
You just put them all on a list and you engage with them. You like and comment. Like you really say something interesting. The mistake people make is they go on that list and they’ll say like, Oh, great tweet. Oh, fire. Oh, good stuff. And you know, nobody’s going to click on your profile. If you just, right. But what if, yeah. But what if you talk about like, Oh, this reminds me of that. Oh, I had a project that talked about this. Yo, check out this book.

22:22
Oh, here’s my highlights from my notes or whatever, right? You just make it more interesting. It’s like a combo. Like if I’m talking with you, Steve, like imagine how boring the combo would be. You just tweeted something like incredibly profound. And I’m like, Hmm, fire. Come on. Like, like use your social skills, right? Like, come on. Okay. So that’s the first one. The second one is the budget one. So remember how we talked about like story threads or really, really, really good.

22:52
So you think about again, which accounts have the audience that I would like to have. And then you write a killer story for it. A thread has three parts. Number one is the headline is the first week is where you get people read. You want to make it bait. Like look at thumbnails, study copy, look at headlines and be like, okay, how can I write one? That’s like, would actually make people click. Right? Like you had one that I really liked how I had two seven figure businesses and I was working a full-time job, a thread, something like that.

23:21
It’s like how you accomplish this with a certain limitation. Am I right? Yes, that’s correct. Okay, good. Well, and then you go to those accounts and you hit them up. Well, you make them friends for like a week or something. You like to comment, you play around, message them or whatever. And then when the time comes, you just ask them like, how much is it for retweet? And they’ll tell you, they’ll tell you like 40 bucks, 50 bucks. And people are saying like, yo, I’m paying 50 bucks for somebody to a button. And it’s like, no, no, no.

23:50
You’re paying 50 bucks to get access to someone’s audience that took them years to build and you’re getting access to that. Okay. Well, what if you’re selling like a service, right? You want to sell your 2k service and you pay 500 bucks in retweets. You just turn 500 bucks in 2k, right? So that’s the second way. And the third one is making friends with the big waves. And this is especially easy for high achievers, high performers, no high achievers. Yeah. So it goes.

24:18
You just go out there and people who are already big, you just tell them something like, yo, I’m new to Twitter, but I’m not new to business. I’m just here help. And maybe you can, I don’t know, maybe you can rewrite some of their copy. Maybe you can give them tips on the landing page, talk about what they’re doing, maybe edit some stuff, right? That’s where I played it. So I would look at accounts that are way bigger than me, but that didn’t write so much or just didn’t bother. And be like, yo, take this five tweets, just use them.

24:47
before I knew it, I befriended a lot of people and that’s how I started growing. So those are kind of the three ways, right? Number one is engage in common with other people. Second one is write a great thread, pay people to boost it. Number three is make friends with the big guys and eventually they’ll help you out. And I think the answer is somewhere in between all those three, you know? So yeah, you kind of have to think about it. Let me tell you,

25:16
a story from the opposite perspective. Like if someone’s trying to get my attention, like I notice if they always retweet my stuff or if they always comment on a particular thread, and it’s kind of like a long game. Like if you just do it once or twice and then you reach out to me, I’m not gonna remember who you are, but if you’ve been retweeting and commenting on my tweets for let’s say two months straight, then you DM me, I’ll know exactly who you are because I’m always looking at who’s retweeting my stuff and that opens up the conversation and greases the

25:46
And that’s kind of how I operate for anyone who I want to contact who’s big. And again, you’re right, you don’t reply with fire or whatever. You just make some sort of intelligent commentary. Actually, the best way is to comment on something where they’re not an expert at, but you kind of are. So for example, someone approached me the other day. They know I like playing tennis. So they started a conversation with me about tennis had nothing to do with e-commerce.

26:12
So we started talking about tennis and then when he messaged me something about e-commerce, I was much more likely to reply with an answer. So Twitter is just like a conversation really. It’s like interacting in real life except very concisely, which is why I like it. That’s exactly it. That’s the tweet I was having in my head but I couldn’t put outside. Okay, good. I saw this tweet by Oliver. Like, oh, maybe you’re yacko. If you tweet Twitter, like it’s a giant group chat, you’ll win. You’ll win.

26:39
And here’s what I’ve noticed just from what you taught me. Like I’ve got a blog with, man, it’s like probably 700 posts. Some of those posts like don’t get any love from Google or anything, but when you turn those posts into threads, like everyone on Twitter thinks you’re like a God because very few people tweet out these really long threads. But I already have all this info in the blog. It’s the hard part, I guess, is just shrinking it down into Twitter form.

27:08
Yeah, yeah, that’s, that’s actually, I’m glad that you pointed that out because it’s true form is not that hard as people think. It’s just breaking it down in less formats, right? So I’ll tell you, I’ll give you an example that I use for my clients. I’ll ask them like, so I got a client in SAS, right? And I won’t ask them, how do you grow a SAS? I would ask them, tell me the ways you

27:38
grown your SaaS in a list format. And that’s very, very important because when you split stuff in list format, it’s kind of bite-sized, it’s fast, it’s boom, boom, boom, boom, boom. So they’ll tell you, oh, okay, so you get traffic, you reduce showing you, ChrisLTV, whatever, and then you’ll have a list, right? So it’s just 10 things that they said. You just summarize it each on a tweet. Like that’s T-Form, that’s all it is.

28:05
Uh, if you really want to get fancy with it, you can do something like, okay, so there’s a tweet number two and there’s tweet number one above it. So then you kind of transition into it. So instead of just ending sentence number one, you say something like. Bought and then you’d like dot dot dot. It’s kind of like every tweet has a cliffhanger essentially is what you’re saying. Yeah, exactly. I, I too, that’s, um, how did, where did I get it from?

28:34
The ad we copyrighted in high book is the slippery slope principle, which is like, want to look at your thread. Like it’s a slippery slope, almost like a big sales letter. And then, yeah, it has a cliffhanger. just goes and threads have three parts. Actually. Number one is the head. Like you want to make it super baby. No, that’s the most important one because it gets people to read. The second most important one is the one that gets people to act. It’s the last tweet. It’s a CTA. And the third most important part is the body. Actually.

29:04
If you have a good headline and a good CTA, you can write whatever you want between it. That’s what I found. So basically just focus on your efforts and getting people to click in the end, getting people to act. What do want them to do? Right? So your thread goes viral. How are you going to use your fame? Are you going to get followers? Are you going to get email stuffs? Like that’s what you did. saw in the beginning you were asking like, Oh, if you want me follow me. Right. But then you switched. You were like, you know, if you want to get my free ebook, you can get it here.

29:31
And then you kind of use that fame to channel into whatever you want. You want DMs, ask for DMs. You want follows, you want ask for follows. I just noticed that the threads are the only thing that works super well, right? Like if you want email subs, just put that link to your signup form at the very end of that Twitter thread and it just works really well. Like the Twitter threads, like I was just looking at my analytics just before this call, the threads are always the best performing tweets out of all of them.

29:59
It’s rare to have just like a regular tweet do as well as a thread. And obviously the threads take a lot more work. let’s talk about, actually let’s switch gears a little bit and talk about tweet frequency. How often do you recommend someone tweet? Four times a day. That sounds like a lot, right? I mean, that’s something that was beyond like what I was willing to do. why would you, let me ask you this, why would you need to tweet that often versus, let’s say you could put out two threads a week.

30:28
Why not just put out two threads a week and not tweet the other times? can’t, you can’t do that. And the way, the reason I do it is because I don’t write a lot of friends. It’s a, I don’t know. I just don’t do it. But Twitter, because it’s a like a news oriented feed, you kind of want to be always on top of it. So three gives you good exposure. gives you like morning, second one in the morning, then one at noon, then one at night.

30:58
So you’re always top of mind from people. They always see your emoji. Oh, not emoji, but like profile picture, right? So I like that relevancy factor, but two threads a week, absolutely works. Like it’s really, really good. But I just like to do it because you can get away with like one thread every two weeks. They’re like stupidly good threads, like something that you actually research. And some guy, Trunk Van.

31:25
on Twitter does very well. he won’t tweet that much, but he’ll be very wary of what’s going on in the world. So right now, at the time of this, a couple of stuff has been going with like Amazon and Squid Game and Netflix. And then he’s talking about all the marketing factors about it. And then, you know, he’s going viral. So you can pull that off definitely like once every two weeks. But for us mere mortals,

31:55
I just do it every day just to be relevant because I don’t think I have like that good enough of a content to just put out every single like two weeks and still be relevant. think I, cause I just feed off the cuff. Like my content, if I just space it over two weeks, people just forget about me.

32:16
I just wanted to let you know that tickets for the 2022 Seller Summit are now on sale over at Sellersummit.com. Now, what is the Seller Summit? It is the conference that I hold every year that specifically targets e-commerce entrepreneurs selling physical products online. And unlike other events that focus on inspirational stories and high-level BS, mine is a curriculum-based conference where you will leave with practical and actionable strategies specifically for an e-commerce business. And in fact, every speaker that I invite

32:44
is deep in the trenches of their own e-commerce business. Entrepreneurs who are importing large quantities of physical goods and not some high-level guys who are overseeing their companies at 50,000 feet. The other thing I can assure you is that the seller summit will be small and intimate. Every year we cut out ticket sales at around 200 people, so tickets will sell out fast and in fact we sell out every single year many months in advance. Now if you’re an e-commerce entrepreneur making over 250k or $1 million per year in revenue,

33:11
We are also offering an exclusive Mastermind experience with other top sellers. Now the Seller Summit is going to be held in Fort Lauderdale, Florida from May 4th to May 6th. And as of right now, we’re almost already sold out of Mastermind tickets and we’ll be raising the price every month leading up to the event after Cyber Monday. For more information, go to sellerssummit.com. Once again, that’s sellerssummit.com or just Google it. Now back to the show.

33:37
Interesting. So the people listening and probably feel the same way I do in that tweeting four times a day sounds a little overwhelming, right? So that’s like 28 tweets a week. How do you, if you’re not really good at copywriting in this beginning, what can you use to help with that? Yeah, I’m glad you asked. So basically we recently launched this thing called Tweet Hunter, tweethunter.io and

34:06
I operate from the philosophy for Twitter, is Twitter is just saying one thing a thousand different ways. And here’s why I think that is. Cause every single viral thing that you’ve, that people have said come from the same like general idea. Here’s an example, right? So you’ve seen the tweet that says something like, I’d rather drive my Toyota to the beach than my Ferrari to my job.

34:35
or whatever, right? Or something like, the best thing that could ever happen to me, or I wish that one day I would have nothing on my calendar. That’s true wealth. And those two tweets went viral. And people see those tweets and they make the mistake of thinking, oh, it was because of the calendar picture or oh, it was because of the Ferrari image and it’s not. The reason why those tweets went viral was because it all comes down to the same idea, which is wealth is better than riches and time is better than money.

35:05
Right? Or you’ve seen some other stuff, like they’re criticizing the government or they’re saying how you should eat certain kind of foods. It’s not so much about the government and the foods. It’s about people being like relating to that thing. So Twitter really is saying one thing a thousand different ways. The real trick is figuring out what that thing is. So from that standpoint, if you see a lot of tweets and this is so easy to like,

35:34
I spent a year trying to teach people how to write tweets and the answer was simply just read more. So you see other good tweets, other people, like you see viral tweets from everyone and you’ll start to recognize patterns. You’ll start to see that everything is actually the same. So this guy’s reached out to me and they said, yo, we have this tool called Tweet Hunter. So what that does is you look up for a term, let’s say e-commerce or marketing.

36:02
and it’ll come up with tweets about e-commerce or marketing for you. So you can see those patterns. I call it the Twitter lingo. So once you read enough tweets, you’ll sort of see the Twitter lingo and think, wow, so this is, it’s really, it is that easy. You just got to say one thing a thousand different ways and give it a spin. So for instance, for you, Steve, like the wealth is better than money or wealth is better than riches thing. can instead of using the Ferrari example or whatever,

36:32
Like there’s no job that could pay me enough money for me to miss out my children’s basketball game or tennis game or whatever, right? So then it’s like, oh, it’s the same idea, but you’re giving it such a unique twist and you’re stemming from this like very primal thing that we’re all attracted to, which is wealth is better than riches. And it just blows up.

36:59
So once you see all these ideas in front of you, it’s just so easy. So that’s basically what Tweet Hunter does. It just puts all these ideas and all these patterns in front of you. And it’s so obvious once you see it, you’ll just start. That’s why I think for tweets today isn’t much. For tweets today is like two minutes. Well, it’s longer than two minutes. But let me tell you my experience. What’s funny about what you just said is I’m actually giving an ad creative workshop right now in my…

37:28
online store course. And what’s funny is, in order to know how to write a good ad, you have to watch a lot of ads. And you can just go on Facebook and watch everyone’s ads and get a good idea. The same thing, once you told me about Tweet Hunter, is true with Twitter. Tweet Hunter collates all the best tweets for you in whatever your niche is, and you can just look at them. And I think there was one tweet that I made where someone said, the top tools

37:57
for running a brick and mortar store or something like that. And I just turned that into like the top tools for running an e-commerce store. And then I put my own tools and my own opinions on there. So I’m not really copying the tweet per se. I’m just copying like the format and putting my own words into it to make it truly unique. And in that respect, I mean, it takes me longer than two minutes, but when I tweet three times a week, 21 tweets, I can probably pump that out in maybe 45 minutes or so.

38:24
So it’s just like one investment. usually do it on Fridays, just pump it all out, write all the copy, schedule all out, and then I’m done for the week. Correct. And like if you really want to just be like, but you know, I’m not sure if I’m going to get an ROI. I’m not sure if it’s going to work just writing 21 tweets, because 21 tweets is like at the beginning, it’s a lot to just like go out there and think who has the audience that I want to have paid them for retweets and everything you put out will have guaranteed impression.

38:54
It’ll be like 500 bucks a month. So it’s like you can do it if you really want to grow your business that way. It’s just an idea. Yeah, I’m just trying to think. people who are listening to this right now who aren’t on Twitter starting from complete scratch, how do you convince them how powerful it is and how would you start an account with zero followers? Yeah.

39:19
You got to first know what your goal is. Do you want to get influenced? Do you want to? So it’s five things, right? So it’s sales, engagement, followers, deals in the backend and newsletter signups. And I have clients in all five things. So someone engagement, someone followers, email signups, someone deals in the backend, someone sales, right? Or followers, right? But you got to think what, what that is. If you want to get engagement,

39:47
You talk about relatability and timeliness and becoming another people. If you want followers, you tell your story and impressive things that you’ve done. If you want deals in the backend, which is basically sales, but for high ticket, you think what have I accomplished for other people that other people might want? So for example, you, maybe you did something for an e-com store and you took it from zero to six figures. So you’re given, you write a thread on it. How did I took this store from zero to six figures?

40:17
Or maybe you’ve helped someone lose weight while still eating ice cream or whatever. So you write your strategy about steak and ice cream. And the last one was sales. Sales is proof of work. So for example, Steve, I’m sure you have a lot of testimonials from everything that your students have told you. All the stories that they’ve built, all the money they’ve made. Some people tell you about it, right? Twitter is already warm traffic. So everything, you don’t really need like incredible copy to convert it. What you really do need is

40:46
proof to show people that it actually works. So you want sales, you want to tweet proof of work and say that this guy took my course, there was the missing piece between A and point B and sell it. So those are kind of the five ways. And anything that you put out is going to be held by paying people to help. that’s just, it just, it just helps. And people are like, yo, did we really pay for retweets for you and friends and whatever? Like, yeah, of course it is.

41:14
because you’re getting access to other people’s accounts. But you don’t have to do that if you don’t want. Even if you don’t do that, just being on Twitter and following the great reputational accounts of Money Twitter are going to help you in your business just because there’s so much good info rolling around. So that’s literally what you do. What’s a good investment early on with Xero in terms of paying someone to tweet? Like, what’s the going rate? What’s the rate? Yeah, what’s the going rate? Yeah, so if somebody has like

41:44
30,000 followers, is, that’ll be substantial retweet, that’s actually really good. They’ll charge you like 500 bucks. For one tweet? For 30 retweets, I see. For 30. No, no, no, that’s like celebrity stuff, Dabra. Yeah, if it’s lower, they’ll charge you like 10 bucks a retweet and they have like 8,000 followers. So it’s not too bad. What is the effect of a retweet?

42:13
Like if they have 30,000 followers. It’s hard to measure. it all depends on the first tweet, the Beydie headline, right? Which is also, you’ll find in Twitter, if you’re looking for threat headlines, you’ll get like 200 that already went viral. So you can just kind of see what goes viral on Twitter, but it all depends on that. it’s, I’ve seen, oh, oh my God. Like I’ve seen retweets get 12 likes and I’ve seen retweets get 1.4 thousand.

42:43
And nothing changed. was literally the same thread, but someone just changed the headline to make it a little bit more enticing. So it depends on that really. it really is, it depends on how much you put in. When do you stop paying people? I think at 2000 followers, you’re really in a good position because you can kind of grow on your own. But I’ve seen people pay for it this time up until 20,000. The factor here is addiction.

43:11
Because you get addicted to the platform. It’s so fun. You want to keep playing the game. But I’d say that at 2,000 followers, which shouldn’t take you more than one or two months in group paying, it’ll get smoother. You see your tweets get traction on their own. As long as you don’t tweet links, you see your tweets get traction on their own. Right. Do you think Twitter purposely reduces the reach of tweets that have links in it? Or do you think it’s just like an engagement thing?

43:41
No, I know for a fact they do. Impressions are lower. And then what would you say is the minimum tweet frequency for someone new? If they find this all overwhelming. That’s why today, one in the morning, one at night. But tweets are easy. And let me challenge people with things that it’s not here. I think that if you can think, you can tweet. And we all have great thoughts going on around in our heads. For now, let me tell you stuff that’s

44:09
going out in my head right now. It’ll be like, I’m so glad this interview is just not like with camera, because I didn’t like brush my hair and I look like I’m at the beach, right? Or something. There’s a certain amount of joy in being able to take calls in a tag top, right? There’s a tweet. Maybe you could talk about another one about that moment when you feel like you maybe talk too much and the other guy has a talk that you feel a little guilty. Yeah.

44:39
Right. Or let’s come up with a third one. I’m a fighter, bro. So maybe another one. It’s incredible how the internet has allowed me, JK from Guatemala, to talk to Steve from California. And we’re still be friends. And I can try, we can trust each other to do business. If you’re not doing business in the internet, you’re falling behind. Boom. Three tweets, one minute. There you go. Everything you do, if you can think, you can tweet. So it’s not hard. You just have to like let yourself.

45:06
like implant a chip in your brain that it’s like, you know what, maybe I have something to say because you do. So JK makes it sound really easy to everyone who’s listening out there, but it takes practice. by practice, I mean, you just go on Twitter and look at all the popular tweets that you can find and then find and develop your style, pick and choose which styles that you like. And then obviously don’t use the styles that you don’t like. And it just comes with time. And then once

45:35
I mean, JK obviously lives and breathes his stuff, so he can come up with tweets like out of his butt. But most people, I think it’ll take some time and it’s just really seeing what’s working out there and then emulating it. Come up with your own strategy, make it your own. So JK, where can people find more about Tweet Hunter, which is a tool that I recommend. Like Tweet Hunter, the most useful feature about Tweet Hunter is the ability to gather all the most popular tweets in a given category so that you can study what’s working and what’s not. Where can people find more about it?

46:06
Yeah, it’s tweet hunter dot I oh or if it’s easier to remember a million tweets that come because our AI did collect a million tweets and I thought wow, that’s a fire selling point. So if you go to a million treats that come you’ll find it. And if anyone has any questions for you, what’s the best way to reach you personally? It’s on Twitter at one O and E one JK Molina. Cool. Yeah, if anyone out there has any questions about Twitter like

46:35
JK was instrumental in helping my account and I highly recommend him. mean, as you can see, he can pull words out of anywhere and he’s just really good at copywriting. But JK, hey, thanks a lot for coming on the show, man. Really appreciate it. Appreciate it, bro. Take care, man.

46:53
Hope you enjoyed that episode. Now if you’ve ignored Twitter up until now, you should reconsider. Due to the nature of it being so concise, you can reach some big name people and attract a loyal following with much less work than other social media platforms like IG or Facebook, so give it a shot. For more information about this episode, go to mywifequitterjob.com slash episode 398. And once again, I want to thank Klaviyo, which is my email marketing platform of choice for e-commerce merchants. You can easily put together automated flows like an abandoned card sequence, a post purchase flow, or win back campaign.

47:21
Basically all these sequences that will make you money on autopilot. So head on over to mywifequitterjob.com slash KLAVIO. Once again, that’s mywifequitterjob.com slash KLAVIO. I also want to thank Postscript, which is my SMS marketing platform of choice for e-commerce. With a few clicks of a button, you can easily segment and send targeted text messages to your client base. SMS is the next big own marketing platform and you can sign up for free over at postscript.io slash dv.

47:48
That’s P-O-S-T-S-E-I-P-T dot I-O slash Steve. Now we talk about how to these tools on my blog, and if you are interested in starting your own eCommerce store, head on over to mywhipedquitterjob.com and sign up for my free 6-day meeting course. Just type in your email and it’ll send the course right away. Thanks for listening.

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Ready To Get Serious About Starting An Online Business?


If you are really considering starting your own online business, then you have to check out my free mini course on How To Create A Niche Online Store In 5 Easy Steps.

In this 6 day mini course, I reveal the steps that my wife and I took to earn 100 thousand dollars in the span of just a year. Best of all, it's absolutely free!

397: Forget Research Tools! How Jason Found Profitable Products To Sell By Helping His Child

3397: Forget Research Tools! How Jason Found Business Success By Helping His Child

Today I’m really happy to have Jason Hsieh on the show. Jason is a student in my Create A Profitable Online Store Course and he runs a 6 figure ecommerce store (soon to be 7 figures) selling sensory tools for kids over at LakiKid.com.

Jason’s story is extremely compelling because he started his business after his son Keanu was diagnosed with autism and ADHD at a young age. After struggling to find affordable and quality products for his son, he decided to create his own brand.

Here’s his story.

What You’ll Learn

  • The full story behind LakiKid
  • How Jason created an amazing community and support group for kids with autism and ADHD
  • How Jason defined his brand and the challenges he encountered along the way

Other Resources And Books

Sponsors

Postscript.io – Postscript.io is the SMS marketing platform that I personally use for my ecommerce store. Postscript specializes in ecommerce and is by far the simplest and easiest text message marketing platform that I’ve used and it’s reasonably priced. Click here and try Postscript for FREE.
Postscript.io

Klaviyo.com – Klaviyo is the email marketing platform that I personally use for my ecommerce store. Created specifically for ecommerce, it is the best email marketing provider that I’ve used to date. Click here and try Klaviyo for FREE.
Klaviyo

EmergeCounsel.com – EmergeCounsel is the service I use for trademarks and to get advice on any issue related to intellectual property protection. Click here and get $100 OFF by mentioning the My Wife Quit Her Job podcast.
Emerge Counsel

Transcript

00:00
You’re listening to the My Wife Quitter Job podcast, the place where I bring on successful bootstrap business owners and dig deep into what strategies they use to grow their businesses. Now this is the final week of student month where I’ve been bringing in successful students from my course to talk about their businesses. And by the way, let me know if you’ve been enjoying this series by sending me an email at steve at mywifequitterjob.com. If I get enough interest, I might do this again, but I would love your honest feedback. Now today I have Jason Shea on the show and Jason runs Locky Kid.

00:28
where he sells sensory toys for kids. And what I love about his story is that he started his business for his kids and he is quite possibly one of the most passionate students I’ve ever had regarding his niche. Enjoy his story. But before I begin, I want to thank Klaviyo for sponsoring this episode. Always excited to talk about Klaviyo because they’re the email marketing platform that I personally use for my e-commerce store and it depends on them for over 30 % of my revenue. Now you’re probably wondering why Klaviyo and not another provider.

00:54
Well, Klaviyo is the only email platform out there that is specifically built for e-commerce stores, and here’s why it’s so powerful. Klaviyo can track every single customer who has shopped in your store and exactly what they bought. So let’s say I want to send out an email to everyone who purchased a red handkerchief in the last week. Easy. Let’s say I want to set up a special autoresponder sequence to my customers depending on what they bought, piece of cake, and there’s full revenue tracking on every single email sent. Klaviyo is the most powerful email platform that I’ve ever used, and you can try them for free over at klaviyo.com slash my wife.

01:23
That’s KLABIYO.com slash my wife. I also want to thank Postscript for sponsoring this episode. Now if you run an e-commerce business of any kind, you know how important it is to own your own customer contact list. And this is why I focus a significant amount of my efforts on SMS marketing. SMS or text message marketing is already a top five revenue source from my e-commerce store. And I couldn’t have done it without Postscript, which is my text message provider. Now why did I choose Postscript? It’s because they specialize in e-commerce and e-commerce is their primary focus.

01:53
Not only is it easy to use, but you can quickly segment your audience based on your exact sales data and implement automated flows like an abandoned cart at the push of a button. Not only that, but it’s price well too and SMS is the perfect way to engage with your customers. So head on over to postscript.io slash Steve and try it for free. That’s P-O-S-T-S-E-I-P-T dot I-O slash Steve. And then finally, I wanted to mention my other podcasts, which I released with my partner Tony. And unlike this podcast where I interview successful entrepreneurs in e-commerce,

02:22
the Profitable Audience Podcast covers all things related to content creation and building an audience. No topic is off the table and we tell it like how it is in a raw and entertaining way. So be sure to check out the Profitable Audience Podcast on your favorite podcast app. Now onto the show.

02:43
Welcome to the My Wife Quitter Job podcast. Today I’m really happy to have Jason Shea on the show. Now, Jason is a student in my Creative Profitable Online Store course, and he runs a six-figure e-commerce store, soon to be seven figures, selling sensory tools for the home and classroom over at LockyKid.com. Now, Jason’s story is extremely compelling because he started his business after his son Keanu was diagnosed with autism and ADHD at a young age. And after struggling to find affordable quality products for his son,

03:12
he decided to create his own brand instead. And what’s even cooler is that he has created an amazing community where families can help each other and share their journey on the LockieKid parent support group. And what I admire about Jason is that he’s not only just out there selling products for profit, he is running his business with a purpose. And with that, welcome to show, Jason, how are you doing today?

03:33
I’m doing great. was honor for me to be on your podcast. I’ve been listening to your podcast for many, many years. And thank you for all the incredible information that you share with the e-commerce community. I’m so happy to have you. And hopefully I did not butcher your story in the intro, but please tell the audience about your store, what you sell and how you got started. Yes. So 2000, this is going to be a little bit of long story, but I’m trying to make it short.

03:59
Okay. 13, uh, me and my wife used to live in Japan. I’m from Taiwan. My wife is from Japan, but I do speak Mandarin and Japanese as well. And, however, Japan, just like any of the Asian countries, that’s a huge taboo and a huge stigma around disabilities. When we first find out our son was down as autism and ADHD, we couldn’t find help. There’s no support. There’s no.

04:28
There’s no parents support group in Japan. There’s no resources to give you a perfect example. We live in Tokyo, one of the largest metropolitan area in this world with 14 million people. We can only find two therapy center to take our son to. Yeah, that’s crazy. I know just an Asian cultures. It doesn’t exist. Or if it is, you just kind of keep it under wraps and no one talks about it. A hundred percent. That’s exactly what happened to us. And you know, because

04:57
What make it worse is autism ADHD is an invisible disabilities, which means it’s a lot easier to hide. You couldn’t hire kids on wheelchair, but you can hire kids with ADHD. problem. I can, can actually completely understand what you’re talking about. mean, anything that’s not visible, like mental health issues are generally taboo among Asian cultures. Yes. Yes. That’s unfortunate, but you know what? I’m going to change that. That’s my callings and that’s my passion.

05:26
And I’m going to use my business over the next 10 years to change 1 million lives. 1 million lives of those families just like mine that are being affected by learning disabilities. And I want to change that to my business, to my teams. I want the university to use me as a vehicle for positive change. That’s very admirable. Why physical products of all the things that you could have done? So let me kind of complete the story there. So 2013, we got the analysis. We couldn’t find help in Japan.

05:54
Fortunately, I have dual citizenship. have Taiwanese citizenship and US citizenship. I actually went to high school and college in California. So we decided to move back to US because US have the best resources for kids with special needs. Of course, US is not perfect. There’s still a lot of things that we need to do here in US to make it even better. But compared to Asian countries, it’s a lot better.

06:20
And then I started to connect with parents, therapists, and even teachers in the special education space. This is what I find out. I find out there’s a gap. It’s hard to find affordable, high quality sensory product created by someone also used the Dane product. So interesting. Who are the ones creating them then? A lot of the people, if you just Google them, Google any of my competition, you look up their CEO is a random single guy. It’s not even married. And of course this guy doesn’t have any kids.

06:51
Okay. So you already know they are in it for the money. I’m in it for a passion. mean, this is why I always openly share about everything I do in the business because guess what? You can copy my entire strategy. You can copy every single product I ever launched, but you can never copy my passion. And you can’t copy your community that you’ve developed either. Exactly. So I’m not afraid of people trying to compete with me because you can’t. There’s no way you can compete with me, unfortunately.

07:20
So, I mean, you saw a need for yourself for these sensory products, but how did you know that they were going to sell? Like, how did you go about validating what you wanted to sell before you began? This is something very unique. think a lot of the e-commerce seller doesn’t do enough is to talk to the customer. I, this is, I always advocate when I talk to, was follow e-commerce entrepreneur. Talk to your customer over the phone. This is what I do on a weekly basis. I talk to my customer over the phone for like 30 minutes.

07:49
just trying to understand what kind of struggle they have, what kind of product they have tried, what do they like, what do they don’t like, and you get so much product idea. You don’t need to use jungle scout. You don’t need to use healing pen. That’s all BS because every single person is looking at the same data that you’re looking at. One of my mantra is if you follow the herd, you get slaughtered. I absolutely agree. So I have somewhat of a different philosophy. So I feel like you can either go broad,

08:18
and just do marketing really well, or you can go extremely niche in an area that no one else is really at and just dominate that market. Anywhere in between is much more difficult. So this is also going back to, depends on which direction you want to go, right? You want to go like a Walmart or you want to go as a niche store. Okay. So what was your first product then based on your research?

08:43
My first product is actually very simple product is a fidget chair band that is really just a giant rubber band that you put in front of the classroom chair, but it’s great for kids with ADHD and sensory issues. And it’s a very popular product used by the teachers. And we just redesigned it a little bit using a better material. And ours is only lettuce free, a chair band in the market. Latex free late latex free. I know that you saw an Amazon.

09:13
like a good portion of your business. How do you make your brand stand out? I just kind of cursory checked these products and they’re super competitive. Yes, it is. It is. So unfortunately, when I first started, I didn’t have the bandwidth and the design power to do something totally unique. So I would say a lot of the initial product when I first launched is almost like a me too product was minor modification, but all the new product I’m launching this year is so unique that no one have something even closely similar to ours.

09:44
Okay. So what was your process for that first product? Did you just, actually you speak the language. So did you actually go to Asia to get the product? No, I don’t need to go to Asia. just, on WeChat, I just talked to them over the phone using Chinese. And of course you don’t need to speak Chinese to talk to the supplier. Correct. But you help. Okay. And these suppliers, did you find them on Alibaba or? Yes, Alibaba. That’s how I started. Yeah. I think I purchased one of those e-commerce course. I forgot which one I purchased many, many years ago when I started back in 2016.

10:14
Okay, I mean, we were just talking about Jungle Scout and these rubber bands and stuff. And it was a Mewtwo product like you just said. So how did you get sales on this product? Back then, I don’t have an email list. I was a typical Amazon seller. I buy review. Okay, so this is back before they were cracking down. That’s 2016. mean, 17. That’s the wild west of Amazon. You can do any kind of crazy strategy and Amazon allow it.

10:42
But of course now you cannot do it and I don’t do it anymore. right. Well, let’s talk about your newest products that you’re designing from scratch. How are you getting those designed and manufactured? So right now, most of our product, have four manufacturers we use in China because of the relationship we built over the year. One of the latest product we are designing, my wife helped with the design. It’s a weighted lab animal we’ll be launching next month.

11:12
Knock on wood, hopefully we don’t have any delay with the container, but we’ll be launching this product next month. You know what’s funny is the last time we had talked on the phone, you mentioned that you and your wife don’t typically work together because you want to keep everything separate, right? But it seems like just now you told me that she’s, she’s actually working in on the business now. That’s a part-time consultant. I would say on a very, very part-time basis. Okay. Okay.

11:39
Yeah, so he’s not, she’s not in the daily meeting, the weekly meeting I’m in, but when I, but she is a much better designer than me as far as creative idea for products. She’s so much better than I am. I’m the worst. cannot, I can barely draw a monkey. cannot. Yeah. I’m not, I’m not a graphic designer and the idea person and the visionary of the business, but I’m not a designer. Right. Okay.

12:07
Just be careful there because I work with my wife and it’s not always smooth. So, okay. So, okay. So this product that’s launching, uh, actually I wanted to just back up a little bit. most of your sales on Amazon or your own store or partners? 2021 80 % of our entire revenue. And we did a little bit over 600,000 last year. Just to be transparent. 80 % of that is Amazon. 20 % is from ClickFunnels and Shopify.

12:36
Okay. And I know we had talked earlier when COVID hit your business got hit, right? Oh yeah. So 2020 is the darkest point in my entire e-commerce journey and maybe the darkest point of my life. I was on the edge of a bankruptcy and a divorce because most of my customers are school and most of the school buy our product. And we all know what happened to all the school in 2020. Every single school got shut down at the same time.

13:06
Yes. business pretty much got shut down alongside with the school in 2020. And right now, looking back, I’m actually grateful for what that actually happened because it forced me to reset. It forced me to relook at my business. And since then, I was able to come back even, even stronger. Like I shared with you earlier, before we go live here is my favorite animal is a Phoenix. And I’m also moving to Phoenix, Arizona in July this year.

13:35
Because that was me. was my entire business got burned into ashes in 2020. But guess what I was able to come back in 2021 and did 600,000 and this year and I’m attracted to 1.2 million was my brand. we talk about what happened? So so the school shut down, no one was buying your products on Amazon. How did you recover from that? I lay every single team member off. I did as I unsubscribe so my subscription pretty much

14:04
I try to run as lean as possible, reduce all the expenses, all the subscriptions. I look at every single software I was subscribed to and cancel almost every single one of them. Okay. So this inventory was just sitting in Amazon’s warehouse, right? It’s still selling, it was not, it’s nowhere close at the value that we were selling. But I have debt. I took a loan against my house to fund a business that I still need to pay off. So that, that pressure won’t go away, but

14:32
the inventory is not selling at the same velocity like before. So that’s where the older pressure cooking situation built out. And that’s where I have a very, very difficult conversation with my wife because I wasn’t very honest with her. I didn’t tell her how much debt I put on through the business. I was just, I was there to say, okay, I’ve took a little bit of debt, but actually I took on 200,000. Wow. Okay.

14:57
So that was a very difficult conversation with my wife when I show her the numbers. So yeah. I can imagine. So, so you just went super lean. You got through 2020 and then what happened in 2021 that allowed you to recover and make $600,000 in revenue. I will say a few things. First of all, if you haven’t read the book Tractions for the listener, a hundred percent read that book. That book literally transformed my business and my life.

15:27
Do want to talk about, I’m sure a lot of the listeners are familiar with traction, but what are some of the things that you implemented with your business that had made a big difference? about six major component people, data, vision, factions, processes. And, that’s one more, but anyway, I spent six months studying it, master it and implement it throughout my entire business structure. that transformed my business and turn my business around.

15:56
because of that business structure. for those of you who doesn’t know, Traction is written by a wonderful gentleman. His name is Geo Wickman. He is also a serious entrepreneur. He created a business operating system called EOS, which stands for Entrepreneur Operating System. And it’s just really a specific way to run a business. And this way of management philosophy can apply to any business, not just an e-commerce business. And I implement the system into my business to a T. I follow every single thing that was listed out in his book.

16:26
I almost treated it like my business Bible for the, for the past year. So what about this system specifically contributed to sales, or is it just the fact that all the schools opened up again and you were generating sales again? It’s the vision in the book. You talk about the importance of have a very clear vision, have a core value for the business. Right now I have five core value for the businesses and I hire, I fire.

16:55
I train my entire team using it. So I know, I think it was in 2020 or I remember you telling me you ran out of stock and then Amazon sales dropped as a result of that, right? it’s actually one of the most frustrating things because of the limited cash flow we have. We always get inventory in and we couldn’t buy enough because I don’t have enough money on hand. So we are sold out after like one month.

17:21
Then the lead time for China is like three months, two to three months. So I was sold out for at least a few weeks waiting for the next shipment to arrive. But then I lose all the ranking, I lose everything. And I need to redo from scratch again for the inventory to come back. And this happened multiple times. So what I’m trying to get at here is, sure, you can, and I’ve read the book before, but any system that you implemented takes time, right?

17:47
And so I’m just kind of curious, I’m sure going forward for your business, the systems that you’ve implemented will be amazing for what you’re going to accomplish. But in the period of just from 2020 to 2021, what would you say change that allow you to achieve your revenue numbers?

18:07
I say besides the implementation is also we got a loan from SBA. Okay. That’s also a huge one that able to keep us cashflow positive. So I have enough money to buy inventory because that was the biggest struggle is I don’t have enough cash to buy inventory because with a container that I’m purchasing is like 30 or 40,000 for each container. And that’s a lot of money for me to put out from my own pocket when I have very limited

18:35
And I already max out all my credit card, I max out all my loans and I don’t have any other additional resources. So when the, I don’t know if you heard of the EIDL loan, which is a special loan that you can apply for, for, I think it’s stand for emergency disaster relief loan. I forgot the actual name for the, we are lucky enough. got 400,000 from SBA. So in 2020, you said you weren’t selling that many products. So you had an inventory glut.

19:03
But then that changed in the latter part of the year and then you sold out. I’m trying to get an idea what the timeline was. Uh, it’s kind of, it’s a mix. think it depends on the product because we have about six, seven products. Some product was, was doing okay, but we don’t have enough. Some product is not selling well and we have too much. So it’s a mix of both. Right. And you needed money to launch this new product, obviously. A hundred percent. Yes. So I know you’ve been burned by Amazon, uh, multiple times.

19:32
Yes. And at some point you were like, okay, forget Amazon. I’m going to, I’m going to start creating my own brand. Can we just kind of talk about what initiatives you took on to accomplish that goal? Yeah. And this is actually a perfect segue because I like to share an example for those that heavily focusing on Amazon for the Amazon seller that’s listening. We are playing in the casino called Amazon and

20:00
We have a fancy slot machine that print out $1 million a year. But guess what? Jeff Bezos with someone on Amazon can kick us out of the casino at any point. And that was kind of what happened to me.

20:16
I didn’t realize, sorry, when you’re talking about getting kicked out of the casino, did you mean the fact that you went out of stock and then your rankings tanked? Well, in that way, and I also have some of our listing shut down as well. So it’s a combination of those. Has Amazon knocked you off actually with their own private label brand at all? Not yet, because we’re in a smaller niche. Usually Amazon go after much bigger guy than I am. So what are you doing to

20:45
diversify off of Amazon? We focus heavily on email marketing. So currently we have about 35,000 email subscribers on our own email list and email marketing have been one of our core focus in 2021. So how do you build your email list? So I think we also learned something from your course and I bought so many different courses. So it’s just fun. All the different email marketing course I have bought, but it’s about building email sequences.

21:14
having weekly broadcast with newsletter. And I also write personal email sharing about what’s going on with my life sometimes just to build that relationship with my email list. And on the front end, we do two major strategy. First is we have a lead funnel. For those of you who want to check out all of my funnel and 100 % transparent, just go to SensoryDio.com. You’ll see all the funnel we have. We have like 20 different funnel right now. Do you want to spell that out just so people can go there? Yes, it’s Sensory.

21:42
S E N S O R Y deal D E D E A L dot com. Sensoradeal.com. Got it. That’s one of my domain. I own a lot of different domain. So that’s one of the domain. And what we do is we have two major funnel and you can actually go check out the page and you’ll see all the funnel we have, but two major types that were generating email is a free ebook download. And we drive directly into one of the funnels from Facebook to get email addresses.

22:12
The second funnel we run is a free plus shipping funnel, which is a very popular funnel for e-commerce businesses where we will sell the product for free. We only charge for shipping and usually the shipping is only $6.97. So it’s really affordable and it’s almost like impulse purchase on Facebook.

22:31
If you sell on Amazon or run any online business for that matter, the most important aspect of your long-term success will be your brand. And this is why I work with Steven Weigler and his team from Emerge Council to protect my brand over at Bumblebee Linens. Now what’s unique about Emerge Council is that Steve focuses his legal practice on e-commerce and provides strategic and legal representation to entrepreneurs to protect their IP. So for example, if you’ve ever been ripped off or knocked off on Amazon, then Steve can help you fight back and protect yourself.

23:00
Now, first and foremost, protecting our IP starts with a solid trademark and Emerge Council provides attorney-advised strategic trademark prosecution, both in the United States and abroad for a very low price. And furthermore, the students in my course have used Steve for copyrighting their designs, policing against counterfeits and knockoffs, agreements with co-founders and employees, website and social media policies, privacy policies, vendor agreements, brand registry, you name it. So if you need IP protection services, go to EmergeCouncil.com and get a free consult.

23:29
And if you tell Steve that I sent you, you’ll get a hundred dollar discount. That’s E-M-E-R-G-E-C-O-U-N-S-E-L dot com. Now back to the show. Let’s talk about that actually. So I know, and I’ve taught free plus shipping offers in the class, but you know, it’s or miss depending on what you do. And for us, like it was hit or miss for us until we finally found that one product that worked. What is your one product and what is your process? Yeah, that’s a certain criteria you need to hit for it to work.

23:59
So what was your process for determining that? We tried then launch it and see if worked. If it doesn’t work, we launch a new one. Well, let me rephrase that question. So what is like the cost of your product and are you taking a loss? Oh no, we are profitable without funnel. The idea for the free-flow shipping funnel is in the digital marketing world is often called self-liquidating funnel, So we generate enough profit from the funnel to break even so all the lead that’s coming through

24:28
We got free unlimited free lead. So can we talk about the funnel? So the product costs you how much? Uh, less than $2.00. Okay. And then to ship that is maybe like another $3.00. Okay. So you’re making like a buck maybe, right? Well, again, in the funnel, we do a lot of upsell and downsell is not just single product. Usually people buy multiple product. Our average car value for the funnel is about $25 right now, even though it’s only a $7 product.

24:58
So can we talk about the upsells? So what is the product? The product itself, if you go visit SensoryDio.com, you’ll see in the middle of the page is a Fidget Marble Maze. It’s a very basic sensory toy that we designed it with a marble in it that the kids can push through the marble. It’s great for fine motor skills and, know, tactiles and, you know, great. It’s just a great silent fidget toy. And it’s our best selling product that got suspended by Amazon, by the way. Okay. Let’s not get into that. But okay.

25:28
So that’s the offer. And then what is the upsell and what is the downsell? Upsell is we have multiple offers. So usually you get the best price if you buy three. So most of the customer will buy three. That’s the best like a bundle offer. Then we also have digital product because as a company we sell physical product, we sell digital product, we also sell digital courses and we also sell paid membership. Okay, wow. That’s okay. So what is working the best in terms of the upsells?

25:58
Digital product. I’ll take rate for a ebook bundle we sell for $10 is 20 % and ebook is 100 % profit and we just make $10 prior profit out of the funnel for the buyers. is this ebook about? I would imagine as a parent of an autistic child, I would want to buy anything that could help me. It’s a behavior blueprint ebooks about different strategy you can use with your kids to manage the behavior issues. Yeah. Nice. And how much do you charge for this ebook?

26:27
It’s a ebook bundle. So it’s multiple ebook in that bundle. I forgot how many ebook we offer in the bundle five or six or ten dollars. Ten dollars. Nice. Nice. Okay. And that’s a hundred percent profit. Okay. Yeah. For the ads, is it pretty easy to target people with? I don’t know how much you want to talk about that. But I’m just curious. I mean, because Facebook is getting harder and harder, just like Amazon’s getting harder and harder with the iOS update.

26:56
We are kind of struggling right now to really break even on a funnel like we used to before. So I know that all the audiences that Facebook generates is getting harder, but the ones that are interest-based, you know, like with the sensory autism, always take away the interest targeting as well. know, know. The basis, did they take away that category for you? Not an entire category, but some of the interest targeting we used to use got taken away. Yeah.

27:25
Okay. You know what, let’s talk about community. Cause I know, let’s see, what do you have? You have like a whole bunch of different clubs, right? You have the, I have them written down here somewhere. So we have a free community called Sensory Deal, which they can search it on Facebook, then you can join. But it’s just a free community that we share deals of our sensory product. It could be a physical product deal. could be a physical product deal or a deal with some of our partner, you know, and

27:54
that is one of the free community. Then we have a pay community where we charge $20 a month is called Sensui Adventure Club. For $20 a month, you get like lessons that you can watch alongside with your kids. As we partnered with a gentleman, he owned a wonderful business called Sensui Fitness, which his name is Matt. He had over 10 years of experience of being a personal trainer, a special education teacher, and a certified occupational service assistant.

28:23
And he create program to help kids with special needs. You have a lot of businesses all in one. I’m counting like five off the top of my head here. Yes. How people do you have and how do you operate all of these entities? It’s all under the same roof. Right. Yeah. Yeah. Well, okay. So let me just list off the ones I saw here. You have sensory adventure club, ask an autism mom live and then sensory fitness live, right?

28:50
Yes, that’s the show. Those are free. Those are not generally revenue, just like a show that we run. Okay. But the club is the paid membership, right? The club is a new pay. We just launched it few months ago. We are still working on some of the back end set up to make sure it’s running more smoothly, but it’s a pretty, it’s a pretty new membership. Let’s talk about the content that you’re putting out. What is your strategy there?

29:13
We are actually revamping our entire strategy right now. I want to be very, very more hands-on, maybe starting next quarter, because I have two startup companies, LockyKey is just one of them. Oh my goodness. Okay. Yeah. The second startup is actually a, I don’t know if I can share it on the podcast, but it’s an e-commerce digital marketing agency. We help seven figure e-commerce businesses to grow beyond Amazon. Nice. Okay. And is content part of the strategy?

29:42
Yes, 100%. Uh, so we have a show, we have a podcast that I would love for you to be a guest on my podcast as well. Cool. You want to tell people what the podcast is called? It’s called Scent, uh, seller feel life seller S E L L E R F U E L life seller fuel live. Okay. Yeah. So the fuel life is so talk about your current content strategy for Locky kid. Yes. How often are you putting out content and what, what type of content is it?

30:12
So since COVID, we kind of scaled down a lot of the content marketing play that we used to do, but we used to do a lot of content marketing. Our core strategy is Facebook live stream. Then we repurpose our live show, which is a one hour interview into multiple different meaning content, which is exactly what Gary V does with a vendor media, I believe. We just do it on the smaller scale compared to Gary V, of course.

30:38
but we’ll repurpose it for Instagram, for YouTube, for TikTok, for every other social media channel based on our pillar content, which is the live show. I see. Okay. And then is the live show an interview based show or do you come up with an interview based? Usually it’s interview based. Sometimes we’ll share a strategy like a webinar based, but most of the time it’s interview based. We’ll interview expert in the space. For example, we’ll interview occupational therapists, we’ll interviews teachers.

31:07
Sometimes we’ll also interview other entrepreneurs that serving the same communities as well on our show. So outside of Amazon, the physical products on your own site, how are you driving? Is it mainly just your Facebook funnels that are driving traffic and sales to that? Yeah, all the cold top of level funnels, we use ClickFunnels. So this is something very unique that I don’t see a lot of people do is we use a combination of ClickFunnels and Shopify.

31:36
And ClickFunnels is for all the direct, what’s it called? Direct to consumer ads or direct response. Direct response is all to ClickFunnels. For branding, it’s all Shopify. So we use Shopify as a branding website where we use ClickFunnels as direct response advertising. Here’s what I’ve always wondered. I think ClickFunnels is kind of overpriced. What does ClickFunnels do?

32:04
that you can’t implement in Shopify. You make it a lot easier because this is the main difference. I’m a funnel fan boy, so I’m going to talk very highly about funnel because the main difference between a funnel and the website. Website, when people go in, there’s 100 different things they can do. They can click on your top menu, bottom menu, a button there and here. A funnel, that’s only a single call to actions. They can either buy or don’t buy. That’s it.

32:31
But that’s just a page. You can rip out all the headers and the footers on your Shopify store. you have integration with digital product inside the ClickFunnels and our membership inside ClickFunnels. We can do unlimited upsell and downsell. I know you can also do it similarly in a Shopify setup. We just prefer ClickFunnels. OK, so it’s just worth it from an ease of use perspective, basically.

32:55
Yes. And my sister, who is also my chief marketing officer, she is the best funnel builder on earth. Nice. Yeah. And then, so these communities, once you’ve developed them, you get them on the email list through one of your lead magnets and then you, and then you email them regularly. Is that the strategy? That’s okay. have a welcome sequence, abandoned car sequence, all the typical e-commerce sequence. And then we do weekly newsletter.

33:23
And sometimes I also send out personalized email about like what’s going on with my personal life, because I really want to create that personal bonding connection with our customer base. And we also run ambassador program and our ambassador program is very unique compared to a lot of other e-commerce brand as well. I think that’s really important. Actually. One thing that was compelling about your store when I went on it was the about page where you basically spelled out the main reason why you started the store in the first place.

33:53
And if I’m just shopping for sensory products, I’m to go to you because you actually have a story as opposed to just some random person who’s selling for profit. Yeah. But you know, not everyone look at that. Sometimes I think some, I think some of our customer by far is because of my story, but some people still will just buy on Amazon. Yeah. mean, Amazon, you don’t have the opportunity to tell your story, right? So a little bit, very limited. So yeah.

34:22
So you said you’re projected to do 1.2 million this year. What is going to be the primary revenue driver for that? We are launching seven new products this year. Seven new physical products? Seven new physical products. Yeah. Okay. And these are all custom designed private label products. That’s correct. Yes. Do you project this revenue coming from Amazon or your own store? I mean, you have 35,000 email subs.

34:47
So that RB, this is where I want to be by the end of this year. want to be at least 50, 50 instead of 80, 20 last year with 80 % Amazon. really want to increase my own Shopify and ClickFunnels sales this year. So it’d be 50, 50. Yeah. 35,000 email subs though, in this space. That’s really valuable. Can I just ask you what percentage of your revenue is email right now? On the Shopify side, I will say I need to check my Clavio account. haven’t checked for a while.

35:16
At least 20 % or 25 % from email. are you using this list to launch your Amazon products as well? 100%. Yes. Okay. All right. That’s our entire launch strategy is email plus PPC. That’s it. I see. So do you, how do you structure your launches? So are you sending email to take people directly to the product or you know, so what are you doing? We learned from SR Firestone because he does very, very well product launches and

35:45
I think his message is he will create an early bird page and have his entire list sign up for early bird discount. Then it’s just kind of do a lot of buildup before the product launch. Then he will do email like crazy. He would write like 14 emails during the product launch week and just promote a lot out of the product. what we do is we do a similar setup, but for Amazon, we will still do early bird for them to sign up to a dedicated email list. Then during the launch week,

36:15
We send out 14 emails to our list with a link to Amazon and Amazon coupon that’s embedded in our Amazon listing. So it’s very easy for them to redeem the coupon. They don’t even need a coupon code. All they need to click is just they need to click this button and you auto apply to coupon. So you’re just going for sales velocity here and not keyword searches. Because you are naturally rank. Okay. This is the beauty of external traffic when you deal with Amazon.

36:44
Amazon treat external traffic differently than anything else you do within Amazon. So you don’t have anyone do any searches, you’re just relying purely on external traffic velocity to launch your product. 100%. I do not do any of the shenanigans and like search, and buy. I mean, they work. is why it used to work. anymore. So they still work as long as it’s natural, like none of the two step URLs and that stuff worked that well, but just a plain old search actually works.

37:12
Yeah, but it won’t work if you do a Facebook ad anymore because technically it’s against the latest Amazon TOS where you cannot give out rebates. Sure. Assuming. Yeah. You know, what’s sad about all this is that people still do this all the time. Yeah, but you know, this is where the casino analogy come back is you’re going to get kicked out of the casino because the house always win doesn’t matter how house always win. Okay. So yeah.

37:42
Okay, so outside of Facebook ads, are you doing any other ads? Shopping, AdWords? We do Google ads and our Google ad strategy is all the ad traffic directly to one of our blog posts and the blog posts have embedded link in there that go directly to our Amazon listing. Okay. And in terms of inventory, is it all FBA or do you have your own like warehouse or intermediary?

38:09
We have a warehouse in Oregon and I actually just switched my warehouse from Chicago to Oregon because of the whole shipping debacle going on last year. And right now, instead of going to LA and Long Beach port, I’m using Tacoma port. Seattle. Seattle. Okay. Yes. Cool. Hey, Jason, I didn’t mean to grill you. I’m just very curious, you know, about your business. For anyone out there who wants to start a business,

38:37
I just want to ask you a couple of questions that are just kind of quick fire that I always ask my students. How much did you invest to launch your store?

38:46
Oh man, how much did I invest? Like just to get up until getting your first sale, let’s just say. I will say I didn’t start out with private label. So I started out with retail arbitrage for the first year. And what I did is I go to a surf store and buy used textbooks and I flip them on Amazon and eBay for like one year. That’s how I got my initial investment. Okay. But for Locky Kid. Yeah. I flipped all that profit from the textbooks into Locky Kid.

39:14
Well, yeah, I know. But how much did you spend to start Locky Kit? Not the retail arbitrage stuff? I would say at least $30,000. $30,000. Is it because you were doing your own private label products? Yes. Yes. So you must have made a pretty sizable first shipment then? Because I didn’t know better. I thought I need to order more. I see. Okay. So is it the bulk of that $30,000 inventory?

39:41
inventory and also shipping costs and also marketing costs because you know back then you can buy reviews so part of that goes away. yeah. In terms of your website are you technical person? I am not. No, I’m the visionary and I’m not a technical person. Yeah.

40:02
I just wanted to let you know that tickets for the 2022 Seller Summit are now on sale over at sellersummit.com. Now, what is the Seller Summit? It is the conference that I hold every year that specifically targets e-commerce entrepreneurs selling physical products online. And unlike other events that focus on inspirational stories and high-level BS, mine is a curriculum-based conference where you will leave with practical and actionable strategies specifically for an e-commerce business. And in fact, every speaker that I invite

40:29
is deep in the trenches of their own e-commerce business. Entrepreneurs who are importing large quantities of physical goods and not some high-level guys who are overseeing their companies at 50,000 feet. The other thing I can assure you is that the seller summit will be small and intimate. Every year we cut out ticket sales at around 200 people, so tickets will sell out fast and in fact we sell out every single year many months in advance. Now if you’re an e-commerce entrepreneur making over 250k or $1 million per year in revenue,

40:57
We are also offering an exclusive Mastermind experience with other top sellers. Now the Seller Summit is going to be held in Fort Lauderdale, Florida from May 4th to May 6th. And as of right now, we’re almost already sold out of Mastermind tickets and we’ll be raising the price every month leading up to the event after Cyber Monday. For more information, go to sellerssummit.com. Once again, that’s sellerssummit.com or just Google it. Now back to the show.

41:23
Was that one of the hard parts at all or was that one of the easier parts? Just getting your website and everything set up. That’s part of the 30,000. just hire someone. Okay. Got it. Got it. Okay. So if you were to encapsulate your experiences, what would you say is your biggest challenge in getting started? Staying focused. Because I also have ADHD myself. So I always go, I always chase after the shiny object. Okay. Let’s try dropshipping.

41:51
Uh, let’s try wholesale. Let’s try private label. I mean, you have a lot of projects on your plate. have to admit, like I can only handle like a handful of projects at any given time. It’s just, I just can’t do it. Right now my focus in my business is I want to be the field Jackson on my industry and I want to be the head coach and uh, Phil Jackson is very well known for being a Zen master. And this is why I do with my team. do a group meditation every single week during our

42:21
team meeting and because I believe 90 % of all of our success is based on our mindset. It’s not a strategy. It’s not a tactic. It’s the mindset. I actually agree with you now. Back then, I used to think it was all strategy and tactics, but just in the course of teaching my class for like over a decade, a lot of this stuff, it’s not rocket science, right? It’s really just following through and being consistent about it.

42:49
And most of it, can hire a VA to do it. I mean, you don’t really do. I don’t do anything myself nowadays with my businesses. My main goal is to talk. Everyone else do. talk. So how much time did it take you to make your first sale? And again, I’m just talking about lucky kid here. It was pretty fast. If you assume as we listed on Amazon and we have some review going, the the sales already start happening the very next day.

43:18
Okay, so within a day or two? Yeah, yeah, yeah. was so easy back then. Oh my God. I miss those days. What about today though? Like you first all over from scratch. Let’s say you didn’t have that email list. That will be, I will go back and build my own email list from scratch again, because that’s very, very important in the ecosystem nowadays. Is your content strategy more valuable than your ads right now in generating email subs?

43:48
Well, I will say I’m actually still weak on organic social media. That’s something I’m still working with my team to get better on. Like we were not really good with Instagram, to be honest. We are okay with Facebook. We have about $13,000, but Instagram, kind of suck at it. So pay marketing is still one of the big focus for us right now. Okay. All right. So for someone who’s listening to this right now, who’s waiting on the sidelines and wanting to start a business.

44:17
What would be the main advice you would give them? would say think differently. Think differently in the turn as all the group out there always teach you to find the next gadget that you can make money. Don’t do that. Find the next tribe that you can serve. I completely agree. how, actually, how important is it to you to be passionate about what you’re selling?

44:43
100%. That’s my entire spiritual being. The whole reason of my existence on this earth is to serve, is to serve the family like I have. That’s why what all the things that happened to me happened. To give you another personal story, back in 2017, a few months after I started Lucky Kid, my older daughter got diagnosis with leukemia. Oh no. And that was really, really tough.

45:10
having a full-time job and a side business and two kids with special needs, one was autism, one was leukemia.

45:20
It was very bad. can’t even imagine. But you know what? I’m already at the end of the tunnel. She’s already in full remission now. But during that two and a half year, I really don’t know how I even wake up in the morning.

45:35
You know, the reason why I asked you that question is because I am not passionate about our products, but I am passionate about our business. So it’s, it’s interesting to get a different person’s perspective on all that. I think it helps if you can become passionate for both, then you get so much momentum. That’s why I always tell my team, I don’t drink coffee because I get high with water. I can only imagine you on caffeine. That’d be kind of scary.

46:05
Hey, well Jason, if anyone has any questions or if anyone out there listening has a child with ADHD or autism, where can they find more information? They can visit our corporate homepage, lakikid.com, which is spelled as L-A-K-I-K-I-D.com, or they can visit sens3do.com. That’s also one of our pages. And for the teachers out there, you can visit

46:33
sensoryinclusiveclassroom.com. That’s a special program we have for the school. You know, one thing that just struck me is how come you have three different websites for the same business? Different business. Like I say, the luckykid.com is really just a branding website, a branding page. SensoryDL is more for direct response and it’s called a funnel hub. That is a, I think, a concept pioneered by Russell Bronson.

47:01
because he’s like a king of funnels and we have built so many funnels over the year but no one can find any of our funnels because we have so many so we decided to okay let’s put it on the same domain so we can find it. And for teachers rather than putting like just a wholesale tab on Locky Kid what is the reason for having a separate site for that? Because this is a new program we are working on launching this year actually. Originally this program is supposed to launch in 2020 and you know what happened to the school.

47:30
The idea of the program is to give you a 30 second overview is we have an ongoing partnership with a wonderful nonprofit organization called Culture City. They have over 600 locations across the United States, Canada, UK and Australia. One of the biggest programs they have is called Sensory Inclusive Initiative, which they have participating locations like NBA stadiums, football and baseball arenas, zoos, aquariums, cruise ships and airports. And last year they got into police stations.

47:58
And what they do in all those locations, they will do three things. They will provide staff training. So the staff aware of the sensory challenges when family like bind, when I take my son to the stadium, they’ll get sensory overloaded. You’ll have a meltdown, you’ll have a tantrum. So the training is important. Second, they also provide sensory backs. Inside the sensory backs have a physical tool like noise canceling headphones.

48:24
and also one of our product, which is a writable weighted blanket that we designed for Culture City. And then last but not least, they also help all those locations to build sensory rooms, which is a safe and quiet space for the family to go to. And this year we want to take this same program that we’re doing with Culture City in the NBA stadiums, we want to take it to the public school environment by providing training to the teacher, providing sensory toys and tools to the teachers.

48:52
and help school to build sensory rooms. That’s amazing, actually. I just, you have so many projects going on. I know you’re going to be successful. So maybe we’ll check back in like a year or two and see how everything’s going. But I really appreciate you coming on the show, Jason. Thanks a lot for your story. And my long-term vision and my dream is go back to help the family in Asia. And I’m happy to say I’m ready to do that.

49:18
This year we’re expanding into Amazon Japan and Amazon Singapore and Amazon Canada. Nice. Wow. That’s a lot of, a lot of stuff to do in a year, man. I believe my team can do it. Uh, I’m the cheerleader and I’m the coach of the team. My team will go, go out and accomplish all this goal. Well, best of luck to you, Jason. Thanks a lot. Thank you so much.

49:41
Hope you enjoyed that episode and that is a wrap for student month. Now, bringing these student interviews to you, I hope you got an accurate view of what it’s like to start an e-commerce business from complete scratch. For more information about this episode, go to mywebquaterjob.com slash episode 397. And once again, I want to thank Postscript, which is my SMS marketing platform of choice for e-commerce. With a few clicks of a button, you can easily segment and send targeted text messages to your client base.

50:06
SMS is the next big own marketing platform and you can sign up for free over at postscript.io slash Steve. That’s P-O-S-T-S-E-R-I-P-T dot I-O slash Steve. I also want to thank Klaviyo, which is my email marketing platform of choice for ecommerce merchants. You can easily put together automated flows, I’ve got a banner card sequence, a post purchase flow, a win back campaign, basically all these sequences that will make you money on autopilot. So head on over to mywifequitterjob.com slash K-L-A-V-I-Y-O.

50:32
Once again, that’s mywifequitterjob.com slash KLA V I Y O. Now I talk about how I these tools on my blog, and if you are interested in starting your own eCommerce store, head on over to mywifequitterjob.com and sign up for my free six day mini course. Just type in your email and I’ll send you the course right away. Thanks for listening.

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Ready To Get Serious About Starting An Online Business?


If you are really considering starting your own online business, then you have to check out my free mini course on How To Create A Niche Online Store In 5 Easy Steps.

In this 6 day mini course, I reveal the steps that my wife and I took to earn 100 thousand dollars in the span of just a year. Best of all, it's absolutely free!

396: How To Make Millions Dropshipping Private Label Products With Annette De Lancey

ow To Have Your Private Label Products Dropshipped On Demand With Annette De Lancey

Today I’m really happy to have Annette De Lancey on the show. Annette runs a 7 figure business called Castcoverz where she sells orthopedic soft goods, such as cast covers, boot covers, and more.

In fact, Castcoverz is the worldwide leader in this space. Annette sells over 2,000 SKUs that she manufactures herself. And her business is almost 100% virtual which means she doesn’t have a warehouse or local employees. All products are made on demand.

In this episode, you’ll learn how she dropships her private label products!

What You’ll Learn

  • How Annette came up with the idea to sell cast covers
  • How Annette dropships her private label products
  • How Annette generates the bulk of her sales

Other Resources And Books

Sponsors

Postscript.io – Postscript.io is the SMS marketing platform that I personally use for my ecommerce store. Postscript specializes in ecommerce and is by far the simplest and easiest text message marketing platform that I’ve used and it’s reasonably priced. Click here and try Postscript for FREE.
Postscript.io

Klaviyo.com – Klaviyo is the email marketing platform that I personally use for my ecommerce store. Created specifically for ecommerce, it is the best email marketing provider that I’ve used to date. Click here and try Klaviyo for FREE.
Klaviyo

EmergeCounsel.com – EmergeCounsel is the service I use for trademarks and to get advice on any issue related to intellectual property protection. Click here and get $100 OFF by mentioning the My Wife Quit Her Job podcast.
Emerge Counsel

Transcript

00:00
You’re listening to the My Wife Could Her Job podcast, the place where I bring on successful bootstrap business owners and delve deeply into the strategies they use to grow their businesses. Now this is week three of student month, where I’m bringing in successful students from my course to talk about their businesses. And today I have Annette Delancey on the show. Now Annette runs cascovers.com with a Z, where she sells, you guessed it, for people in CAS. And what’s unique about Annette’s business is that she runs her own private label brand, but everything is drop shipped.

00:28
And prior to meeting Annette, I did not believe that the combination of these two sourcing models was possible. Enjoy her story. But before we begin, I want to thank Postscript for sponsoring this episode. Postscript is my SMS or text messaging provider that I use for e-commerce and it’s crushing it for me. I never thought that people will want marketing text messages, but it works. In fact, my tiny SMS list is performing on par with my email list, which is easily 10x bigger. Anyway, Postscript specializes in text message marketing for e-commerce and you can segment your audience just like email.

00:58
It’s an inexpensive solution converts like crazy and you can try it for free over at postscript.io slash Steve. That’s P O S T S T R I P T dot I O slash Steve. I also want to thank Klaviyo who is also a sponsor of the show and I’m always super excited to talk about Klaviyo because they’re the email marketing platform that I personally use for my e-commerce store and it depends on them for over 30 % of my revenue. Now you’re probably wondering why Klaviyo and not another email provider. Well Klaviyo is the only email platform out there that is specifically built for e-commerce stores and here’s why it’s so powerful.

01:27
Klaviyo can track every single customer who’s shopped in your store and exactly what they bought. So let’s say I want to send out an email to everyone who purchased a red handkerchief in the last week. Easy. Let’s say I want to set up a special autoresponder sequence to my customers depending on what they bought, piece of cake, and there’s full revenue tracking on every email sent. Now Klaviyo is the most powerful email platform that I’ve ever used, and you can try them for free over at klaviyo.com slash my wife. That’s K-L-A-V-I-Y-O dot com slash my wife. And then finally, I wanted to mention my other podcast that I released with my partner Tony.

01:57
And unlike this podcast where I interview successful entrepreneurs in e-commerce, the profitable audience podcast covers all things related to content creation and building an audience. No topic is off the table and we tell like how it is in a raw and entertaining way. So be sure to check out the profitable audience podcast on your favorite podcast app. Now onto the show.

02:24
Welcome to the My Wife, Quit Her Job podcast. Today I’m really happy to have Annette Delancey on the show. Annette is a student in my Creator Profitable Online Store course and she’s made millions selling orthopedic soft goods such as cast covers, boot covers and more over at castcovers.com. And that’s spelled C-A-S-T-C-O-V-E-R-Z.com. Now Cast Covers is actually the worldwide leader in this space. She sells over 2000 skews that she manufactures herself.

02:51
And her business is almost 100 % virtual, which means that she doesn’t have a warehouse or local employees. And in fact, she has constructed her business to have the best of both worlds, private label products that are her brand without the need to carry inventory or have her own warehouse. And with that, welcome to the show, Annette. How are you doing today? Thank you, Steve, for having me. I’m doing well. I’m so happy to have you on. I think the audience is in for real treat because you are like a bundle of energy. So Annette.

03:20
please tell the audience about your business, what you sell and actually how you came up with the idea. Sure. So Cast Covers is, you did an outstanding job of introducing the company. We’re 13 years old international company. And I got the idea, well, it’s actually 14 years old now, but I got the idea from my then 10 year old daughter who broke the humerus, which is the big bone in your upper arm when she was 10. It was her sixth broken bone. Oh my goodness.

03:49
six, one, two, three, four, five, six. And she felt so betrayed by her body again. My cooking was no longer comfort. And, and when she had the cast put on, was an emergency room physician. And it was, and excuse my language, I guess, but it was the butt ugliest cast I had ever seen. And she just was so, so downtrodden. So I decided to just cover it. So I pulled out my old trusty sewing machine, covered it and made us in a really happy sling.

04:19
made her another set, another set. And that was when people started stopping us in the street that I realized, hmm, I’ve got an idea. And I had three other businesses before, but this was my first manufacturing business. And I became the accidental entrepreneur. And that pun is intended. I don’t think I’ve ever seen an attractive Cassie for usually these nasty white things, right? That are sweaty and yeah. And they and they’re they’re

04:46
A lot of people are germaphobes and they get dirty and they get smelly. And the other thing that happens with cast, which is a nasty byproduct is they scratch and snag everything near you, whether it’s your sheets, your sofa, your car upholstery. I’ve got a great story about that, by the way. Uh, and the cover actually prevents the scratching and snagging that occurs. So you save your sweaters. had somebody tell me how it saved her 800.

05:15
count sheets, which I didn’t even know was a thing at the time. So great stories, great stories. So what were your motivations for starting the business then? I were you working full time at the time? Well, had. Yeah. Great question, Steve. I had a, uh, it was a consulting business and I was running political campaigns and I knew I was done with the world of politics. Done. And I, and also I thought my children really needed to see me.

05:44
getting out and working and creating something. I was doing campaigns and or marketing research campaigns, there’s not a tangible thing. And so I said, this is going to be a great experience for them. And it did. Every night we’d sit around the dining room table and talk about customer service stories. We talked about supply issues that I had even back then. We talked about employee issues. It’s been a great training ground for them. They’re young adults now.

06:13
I mean, that one’s married and one’s and the other one has a baby my grandchild. I actually I didn’t realize so this was a family business from the start. It was and my husband helped me very early on and and I often like to say that my daughter inspired me. My son came up with the name and my husband provided the capital at the beginning. And so that’s so it was a family business without a doubt. Yes.

06:40
But you were mentioning that you would chat with your kids about these issues like inventory issues and that sort of thing. So did they get a lot out of it as well? Very much. I can’t believe the conversations we have today. My son is 25 and he’s in law school. one of his essays that got him into one of the top law schools in the country was about the fact that I was audited by the IRS.

07:05
and how he felt that this was a travesty to a small business and how onerous and burdensome it was. And it was just fascinating. This would not have resonated with him, of course, I not drawn the children into the business. And then my daughter has got a real marketing sense that she’s now utilizing in her job, which is a social media content manager for other companies.

07:33
definitely can talk about the customer experience and whether it’s online or unboxing a product. they definitely, whether my daughter never liked to talk about it because it was about her broken bones. I was actually kind of surprised it was something that I found out much later or realized later, she just didn’t want to talk about it because it reminded her of such a very painful time period. either of them help you with the business today? No.

08:03
Well, it’s funny because my daughter’s working for an agency and they now handle all my social media and she’s handling my social media, but I don’t manage her at all. It’s wonderful. a good thing. Oh yeah. Very good. So, Annette, it’s one thing for people to compliment the cast covers, but how did you know that people are actually willing to pay money for this? Like, how did you validate this niche before you began? Yes. So, the

08:31
The strangers coming up to me in the street was definitely a good, good sign. So what I did is I did a research, I did research that identified that there was nobody out there covering CAS and I knew I wasn’t the only one. We’ve got some doctors in the family. And so I asked to talk to some orthopedic surgeons, which none of my, my family, my family is our orthopedic surgeons talk to them. And they said, Oh my gosh, this is a real issue. I never even thought that we could solve this problem. So I knew then it was creating a product.

09:01
Basically creating an industry from scratch, which is, by the way, I wouldn’t necessarily recommend that, but, it does, it can be done. And, and so what I did is I tested the market and I sent it to, had some friends that were doctors and said, would you mind? They were small town doctors, rural doctors. And so they did everything. Would you mind giving these as gifts? You know, just as, just to try the response was phenomenal. So what I did is to.

09:29
price it out is I reverse engineered. typically when you manufacture something to have good profit, you have to have four to five times cost of goods. So you can actually reverse engineer whatever you see on the web or at a store or anything like that and reverse engineer what it actually costs the company to make. so what I did is I figured out the labor to make it and the materials.

09:59
And the packaging, which of course my first iteration was so bad anyway, but that’s, that’s also part of the journey of being an entrepreneur and how you iterate your products and make them better. And it’s all based on what your customer says, but circling back. So what I did is I figured out what my cost of goods are and multiplied it by five. And that’s what I sold online. And then that gave me enough margin to sell business to business. But I will tell you, I thought my low hanging fruit. Now this was 14 years ago.

10:28
was the orthopedic surgeons. So I purchased a booth, contracted for a booth at the American Academy of Orthopedic Surgeons. This is a very expensive trade show, very expensive. Not just my booth was expensive, but I mean, when they had operating room makeups that were two to three stories high, I knew I was in big buck territory when it came to a trade show. And I got

10:56
quite a bit of interest from the orthopedic surgeons and got a couple of orders and big orders. And there’s an interesting story for that too. But I realized that the orthopedic surgeons just like to be orthopedic surgeons. They didn’t want to inventory the product, take the sales tax. They didn’t want to worry about any of that. They wanted to refer their patients to our product. And so that was a really big learning experience for me because I, that’s where my focus was going to be was B2B.

11:25
And so that’s one that I just, shifted gears and went direct to consumer. So, uh, do you have an affiliate relationship with these surgeons today? the affiliate relationship is one-on-one with me. am responsible for all the business to business. And I’m shifting that into an automated process, though. I loved the relationship building. Um, but we’ve been able to generate quite a bit of B2B business just with.

11:53
my relationship with these orthopedic practices. you know there’s demand and you had a couple orders. How did you actually make the products at first? Did you sew them yourself? no. No. So I love to sew Steve. I love to but I sewed for my daughter. I made bedspreads for my sister when she was in New York City, know, 3040 years ago. I mean, things like that as gifts, but I would never ever do that to a customer. I’m not that good.

12:21
And I certainly know sewing and I certainly know, and I can have the discussions about sewn manufacturing and cut and sew and apparel manufacturing. I can definitely have those conversations on both ends, but I wouldn’t subject my customers to my sewing. The other thing though is I made a decision. I knew I was going to have a group of sewists eventually. And they’re called sewists now have been for about 15 years. That I didn’t want if we got into a real tight bind,

12:50
to have them say, Annette, come on in, we need your help to sew. That was not gonna be my job. And so I made a decision from the very beginning not to do that. Now that being said, I would hear my team in the production facility and they’re talking about a machine that jammed or something like that. And I would listen to them and listen to them, because my office wasn’t far away from the production facility. And then I would just get up, said, do you want me to try? And so I sat down, boom, boom, boom, fix it and walked away. And they just looked at me like,

13:19
You know, and it was just, would fix the machines, but I would never ever sew. But to circle back to your original question, which is, know, how did I have them made? I hired local sewists to make them. And that worked for a while. was, it was a great way to bootstrap the company because I would buy the material. I would get in, oh, maybe five or six orders a day. And then I would pick the fabrics and then I would run them to the, to the sewist and she’d make them and I’d pick them up late in the day.

13:48
flip down the gate of my suburban and put them in the packaging materials and take them to the post office. Very, very- That sounds familiar actually. That’s kind of how we did it. Yeah. And you know what? I have fond memories of that. And the woman that sold for me originally, sold for me probably for about a year and a half, but I got to be too much and she was a daycare mom as well. And so then I made my first hire.

14:14
And she was phenomenal and brought in another one and another one. And then I had to move out of my, had, I was an outbuilding on our property. And then I moved into an actual facility in town. So there’s been a real growth process with the business. Let me ask you this. How did you come up with the patterns to make the cover? Are you experiencing that? did you? Yeah. Yes. So that has to do with grading and marking and, and, but a lot of it was trial and errors too. So, um,

14:44
there are, let me take orthopedic boots, for example. And I think Steve, you were in a boot. I was, don’t remind me. I’m having trauma just like your daughter. Exactly. Um, remind me to ask you to ask me about the email campaign that we did before we finished our conversation. Okay. Definitely. Um, so, orthopedic boots, they came out. um, I mean, they’ve been around for a while, but I started really selling them probably about 12 years ago.

15:13
a couple of years after I started the business and they were pretty easy to size. They were pretty easy to size. And I fashioned them after a skate, actually ice skates, where the ice skates cover the boot, but the bottom is left open with a hole for the blade to come through. Well, you can’t walk on fabric. So the hole then just went around the perimeter of the boot. So if I explain that well, but…

15:42
So what happened is all of a sudden, lot of these third world countries started making boots and they’re very, very different. Well, not just third world, many, many manufacturers started coming out with orthopedic boots and they were very different sizes. It used to be Don Joy, aircast was kind of like your bread and butter and they were in, know, a small medium and large was a small medium large. That’s not the case anymore. Just like when you purchase any clothes from, I don’t care if it’s untuck it to, you know, uh, Abercrombie Fitch and your different size in every store.

16:12
So what I did is I realized that the one common denominator was the perimeter of the boot. So I measured around the perimeter of many boots and got average sizes. And then I could come up with a new sizing. So that explains a little bit about how you figure out sizing and, uh, and your question, because casts are irregular, but the product that we use is stretchy fabric, also known as spandex or like, so it accommodates many sizes and many

16:42
different bumps and things like that. So that’s the other thing. So, but you had the skills to come up with the pattern. Yes, I did. And it was only because my years of sewing, but again, again, I am, I, I enjoy sewing, but I am not production capable. And one of the women that I hired to sew, uh, was she used to sew. She was just closing her business down Irish, uh, dance costumes.

17:11
These were exquisite. Oh my gosh, I couldn’t believe it. She brought one in to show me. She would sell them. She would get the custom order and sell them for $3,000. Wow. But so in my process of my employees and particularly my production employees, I wanted them to understand cost of goods that a product has to be made. And we were doing bulk as well as just in time manufacturing for each individual order. We had a lot of custom orders back then.

17:41
and we would get some back quite a bit. And I realized my return rate was too high. So what I would do are these weekly tutorials about cost of goods and would cost this much for fabric and this much to warehouse and this much to ship and this much for packaging and et cetera, et cetera, based on the customer’s order. She came to me a few months later and she said, you know, I just realized I thought I was making a lot of money. I realized I wasn’t, I’d get a $1,500 deposit, go out and buy all the material and all the embellishments on that Irish dance costume that there’s.

18:10
stunning, stunning pieces of art really. And then I would sew for 20, 30, 40, 50 hours, I realized now I was making under $2 an hour. And it was because of what she learned through my company. And so it’s really important to really value your time, your time is critical. know, you have 2000 skews, did you design all 2000 of those? So the skews are also not only just sizes, but they’re also fabric choices. Okay. And, and so that

18:38
The fabric choices, some I’ve had fabric made, which is called sublimated. And those are some of the things that I do for, for example, children’s hospitals want their logo on the fabric. And so we do that for them. And then we sell them and then we provide a finished product, of course, for them and, some orthopedic clinics, the really big orthopedic clinics, like having personal logoed products as well.

19:05
Where do you source your fabrics from? it in the U S or is it overseas? Yes, I try. Oh, try so hard. And I manufacture only in the U S and I purchase in the U S and, and I do know that it’s getting, it is getting harder, but it’s getting easier now again, because I’ve got such a history of what works and what doesn’t. For example, we’re on Amazon and, and FBA, which is fulfillment by Amazon. So I send in bulk. so about October, I send in a lot of red.

19:35
fabric designs, styles, because of Christmas is coming up. And then I also know Valentine’s is right after that. And so I send in a substantial amount of red or red with white dots and that type of thing to meet the seasonal demand of the fabric choice. And Amazon often says, no, no, no, you only sold, you know, like 4 % of that in the last six months. Yeah, okay. It’s seasonal.

20:02
There’s, there’s a problem with seasonal stuff. Yes. Definitely. Yep. Yes. And then of course, then my weatherproof products are really big in during this time of the year, which is the winter time. Uh, but my waterproof products are much more in demand in the summer though. That’s starting to spread out.

20:23
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20:51
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21:21
And if you tell Steve that I sent you, you’ll get a $100 discount. That’s E-M-E-R-G-E-C-O-U-N-S-E-L dot com. Now back to the show.

21:31
Actually, do you make most of your sales from Amazon or your store or would you like to break down a great question? Volume is Amazon, but my margin, my profit margins, my website without a doubt. So Amazon and I’ll share this with you and your and your listeners that my return rate is 13 to 14%, which is still low for apparel, quote unquote apparel. But on my main website, it’s less than 1%.

21:59
Interesting. So let me ask you this. Do you Amazon and what are your motivations for? I am, uh, and of course Amazon’s probably listening. You just never know, but I am reducing my dependence on Amazon by increasing my other channels. Actually, since we’re on that subject, what are your other channels? Like how do you get business? I’ve got eBay Etsy, but also it’s my B2B channels. So I am, I’m beefing up my B2B.

22:27
That’s where I see the monthly recurring revenue as well. The one thing that’s every business owner thinks that their business is unique and I’m no exception to that. The one thing that is really unique about this business is I liken it to bail bonds and funeral homes. hopefully funeral homes you only need once or bail bonds you only need once. Well, hopefully you break your bone. You only do it once, hopefully in your lifetime. You might know somebody down the road, a neighbor or a colleague.

22:56
And you say, by the way, hey, I had this great experience with cast covers, go check them out. But as a general rule, we’re not selling pate or cigars, as I call it, because it’s not a recurring, whereas B2B is a monthly reoccurring. They continually refresh their inventory. I mean, in a lot of ways, our business models are similar, right? Because we’re in the wedding industry, and I mean, 50 % of people get divorced. I don’t know what the percentage they get remarried, but it’s the same thing, right? Hopefully you only do it once in your life.

23:25
Yeah, that’s exactly. And my daughter completely skewed that because she ended up with 22 broken bones that I know of. Oh my goodness. I know she went to college and didn’t share them all with me. Is she a skateboarder or something? mean, what? No, she’s very active. We actually, uh, she broke two before she was two years old. And so we had her tested for brittle bone disease, but she does not have you either have it or you don’t.

23:47
And so we actually think she has a cross fiber that’s missing. They just don’t have a test for it because you just don’t break that many bones in just natural childhood. And luckily we were very good friends with the town pediatrician and the sheriff. they, I didn’t know, but there’s a whole process you look at when a child comes in repeatedly with broken bones. I found that out later and we’ve never been investigated because they could tell she was, she just kept breaking bones.

24:16
They could, they can tell by the bone, they can tell by the break. They can tell by a whole bunch of things, which is kind of sad actually, when you think about it. So do you run any paid advertising then? Yes. Yes. I’m on a Google shopping and I also do some text ads and I have done Facebook and they, and Facebook is, we are not a candidate, a good, um, a good company for Facebook because you can’t identify groups of people who broke bones plus.

24:45
Facebook, if you try to say anything about fractures or broken bones, they blacklist you. They think- Interesting. Okay. Yeah. And I’ve been blacklisted. I’ve had to say, no, I’m an orthopedic soft goods. I’ve had to go to, you know, and so it’s just not worth it. I’ve tried it three, four times. It’s just not worth it with Facebook, though it’s good for social, you know, hey, here’s here’s a, you know, a USA stripes and stars pattern for July 4th. You know, that’s good for that, but it is not good to advertise. And then I advertise on Amazon as well.

25:15
That’s similar to my business. It’s hard to track down when someone’s engaged or to get married because they don’t keep that information up to date. It is available, but it never really converted that well for me. That is interesting that we both have that. That is interesting. I can see where maybe they might look up Brides magazine or something and you might be able to catch them, but I can see where it could be, you know, loose and kind of smoky, just like mine.

25:43
Yeah, yeah. So but search ads work fantastically. Yes, they can work really well. Yeah. And image image. Yeah. You know, image and dynamic retargeting and that type of thing. We have a very short window of opportunity. You break your bone. Often I can’t get over how many times I get contacts, calls, emails from parents that are in the ER with their child or themselves or their mother doesn’t matter. And they and they’re in the ER. It’s like just just get

26:11
come back to us after the ER, get home, settle in, we’ll be here for you. But within, if we don’t get them within the first week, they’re gonna say, I’m gonna be out of this in four weeks, I don’t need it anyway. Is now a good time to ask about your email campaign? Yes, before I do that, the one thing, one of the products that I carry that I distribute, I do not manufacture is Cast Cooler, it’s invented by a dad. And it’s a product that inverts the air in your cast so it blows fresh air.

26:40
because that cotton lining right next to your skin absorbs everybody perspires. don’t care if you’re just sitting there watching TV 24 seven, it can’t evaporate with a cast. And so that’s where the smell on the itch comes from. So it’s a phenomenal product. I’ve carried it for years. Well, the, the owner, Rick, um, was always like, Oh, you cute little company cast covers you cute, you cute little Annette you, and, uh, well he broke his arm and he started scratching up his family dining table. And his wife said, you call Annette.

27:10
And you get a cast cover and he’s like, yeah, yeah, yeah. Well, then he scratched the upholstery of his classic car. Oh, and he called me immediately. And then I sent it to him. Of course, as gratis, I sent it to him and he sent me a picture. I still have that picture. And he called me a few days later and apologized. He thought my product was just this cute little thing. And I love that story. So that’s a, that’s a good story. So you just never know. You know, what if people say things to you?

27:40
if you’ve got a good idea, keep pursuing it. Because if I had talked to him originally, maybe I would have disbanded the idea. But to get to the email question, so I thought it’s a we have a t shirt called member of the broken bones club. Okay, shortly before Christmas, maybe around Thanksgiving time, I sent out an email, and it was just the people that had purchased the maybe the 60 days before, hey, here’s a great stocking stuffer. 20 bucks, you know, I just thought what, you know, let’s just try it.

28:10
Ask me how many sales we made. How many sales did you make? Zero. Okay. was thinking that email marketing wouldn’t be good for your company. That’s why I’m very curious. Yep. And it was zero and I tried it two other times. Zero, zero, zero. it, and I, so I picked up the phone and I called some of the customers and they were customers that we had some

28:31
voice to voice contact within the past, you know, they had an issue with the shipping or they asked a question about size. So they had some knowledge of our care and concern for our customers. And I asked them, said, you got this email and, I also made sure it was people who had opened the email and we had a huge open rate. In constant contact called me and said, what did you do? You’ve got the largest open rate we’ve ever had and zero sales. Um, but anyway, they, they, every single one of them said, I don’t want to be reminded of that time. So my daughter was right.

29:01
My daughter was right. You you just don’t want to be reminded of that time. Not one sale. So now if we really screw up something, which it does happen, we send them that t-shirt because we got a few of those in inventory still. Interesting. So, okay, so you’re, collecting emails, but do you use them for anything? Nope. I mean, sure. use them for abandoned cart notification. So we do it within, three, we do it the first one within 12 hours and then 24 hours and 36 hours. I think it is. And, and we do get.

29:30
We do get good conversion rate on that. But that’s it. Okay. can see like when I tore my Achilles, I would not want to be reminded of that. In fact, whenever I look at pictures of when I was in my peg leg, I don’t have fond memories of that. that’s something else that I learned. So I’m learning along with my customers, you know, my daughter, you know, it’s a, we have to be open as business owners. And I have

29:59
learned over and over again many, many, many things about it. And my customers have often come to me with some great product enhancements or new product ideas too, which I’ve put into the system, put into the product mix. Let’s talk about B2B. So how do you get your B2B customers? So originally, because I went to AOS, I don’t know, four or five times, which is again, the American Academy of Orthopedic Surgeons.

30:27
Uh, by the time I went to the last show, it was a big booth and I invited the products that I also distributed, which was one of them was the cask cooler. Another one was a waterproof product. And so we had this huge booth and, I collected a lot of names that way and stayed in touch with them that way. Okay. Uh, now you can do some searches and orthopedic clinics, the triage clinics, as well as the surgery centers.

30:55
are becoming more and more visible. And so you can find them if you just do a geographic search. One of the things that I think is really important is to do things that are unique, different in marketing. So I send a die cut postcard and it’s of an arm cast on somebody’s arm and it’s die cut and it’s sent in a clear envelope. Phenomenal response on that. Phenomenal. Let me ask you this. You mentioned that these surgeons, don’t want to carry inventory.

31:24
Right. So how do you convince them to do that? So it’s so pediatric orthopedic surgeons are typically more open to that. So our sports orthopedic surgeons and so that’s where we get it. And then I can tell you the sort one of our best sources is our customers. They call us and say, I was just at Dr. Olson’s office, and they’re so excited they want here’s the office manager’s name. And so ideally buying case goods is a good idea. But if they don’t want to carry the case goods,

31:53
then they can refer their patients to our site and then they can get a percentage of this commissions. Okay, nice. So the affiliate program essentially, yeah. Yep, yes, exactly. Okay, one thing I forgot to ask you earlier when we were talking about manufacturing is how can you possibly do this without carrying inventory and without having any staff, like, you local staff? Yes, you know, I think…

32:21
You know, it’s a great question. When I think about what I’m doing, it’s like, wow, how am I doing that? Because I used to have the production facility, the warehouse, the shipping, the customer service personnel. And then there was a time in my life, and it was two years before the pandemic, that I changed my business model to make it all virtual. And two things happened. My…

32:48
husband asked for a divorce and I was this is not what I wanted. But I thought I would then travel around the country with a truck and a trailer. So how can I do that? And so I all I could do is think of that, that vision to get me to that place. And the other thing is I’m in California and employees and California and employers is not always a good thing. And I got burned a couple times. And so I was burned professionally as well as personally. So

33:17
What I did is I pivoted the business and then I moved to San Diego to be near my sister because I was up in the Bay area. I moved down to San Diego to be near my sister just to kind of regroup. And when I got down here, I realized I’m exhausted. I don’t want to go on any road trips. I don’t want to do anything. But what I had done, and then I realized it wasn’t a bad thing that I thought that it got me through a very difficult period. This, this dream, this vision, but what it does, it just changed the way I.

33:46
I, how I operate it, that’s all. And so I’m, so here I am almost four years later, um, still running the business. Now I have an employee and she’s based out of Utah and she runs my customer service operation. I have very good quality partners. consider them partners, partner contractors, and they’ve been with me for years. And so they just amped up their services to accommodate me.

34:15
And the only inventory you really carry is handled by Amazon FBA, right? Well, I do have inventory. have a sewing contractor that handles our individual site sales that come from our main website. OK. And so she does pick and pack and she and her team pick and pack and get those out. But there’s no question Amazon is the is the bulk of the inventory. We do a lot of customs also. And so that

34:44
is a unique so when those customs are done, then those are shipped out also by a sewing contractor. So those are not not inventory, of course. Right. So for those customs, does it make economic sense? I imagine you charge a lot more for those or? Oh, yes, a lot more. Got it. Okay. Yes. Yes. They’re very profitable. And they’re also I have to tell you, they’re they’re very satisfying, because these are people with really unique situations. And if you’re familiar with the halo around your head and your neck,

35:13
is as an example, they do that. Those are called external fixators. They do that now for leg and ankle and feet and finger and shoulders. And they’re just hard to look at. And you and you want to go outside? Well, you can’t because they have pins poking in your leg or something like that. And it still shows the scarring and the bruising. So they cover. So we cover those up as an example, but each X fix is different. And so we help them through things like that.

35:41
So I would imagine I was actually looking on your site earlier and you have all these press mentions. Were those just natural? Did you actively go out and seek them? No, I actively went out and sought them at the beginning of the business. And partly because of what I went through personally, I just stopped doing it for probably about five, six years ago. And I just started to reengage again to get press again. So what is your secret to getting press? One of them is Harrow.

36:10
help reporter out and you just always do just make sure you send something quickly on time, if not sooner, but you say some catchy subject heading. The other thing that I do and it was a lot easier, uh, 12, 10, eight years ago is when a celebrity would break a bone or something, I would reach out to, would find them, I would hunt them down. And I mean, I would do this and found them. Lori Grineer of shark tank is an example.

36:38
I don’t even remember how I found her, but she ended up being a customer of ours for, I don’t know, three different operations. Wow. Yeah. And she would always then tweet shout out, you know, it was great. was, was, she was one them. Kelly Rippa’s another one. You know, there’s, there’s a bunch of them.

36:57
I just wanted to let you know that tickets for the 2022 Seller Summit are now on sale over at Sellersummit.com. Now, what is the Seller Summit? It is the conference that I hold every year that specifically targets e-commerce entrepreneurs selling physical products online. And unlike other events that focus on inspirational stories and high-level BS, mine is a curriculum-based conference where you will leave with practical and actionable strategies specifically for an e-commerce business. And in fact, every speaker that I invite

37:25
is deep in the trenches of their own e-commerce business. Entrepreneurs who are importing large quantities of physical goods and not some high-level guys who are overseeing their companies at 50,000 feet. The other thing I can assure you is that the seller summit will be small and intimate. Every year we cut off ticket sales at around 200 people, so tickets will sell out fast and in fact we sell out every single year many months in advance. Now if you’re an e-commerce entrepreneur making over 250k or $1 million per year in revenue,

37:52
We are also offering an exclusive Mastermind experience with other top sellers. Now the Seller Summit is going to be held in Fort Lauderdale, Florida from May 4th to May 6th. And as of right now, we’re almost already sold out of Mastermind tickets and we’ll be raising the price every month leading up to the event after Cyber Monday. For more information, go to sellerssummit.com. Once again, that’s sellerssummit.com or just Google it. Now back to the show.

38:18
All these questions are just kind of popping in my head. So DTC or is B2B, DTC is greater than B2B, right? But you’re hoping to increase the B2B side. Yes, exactly. And it used to be a 50 50 years ago, but because of things had changed and my focus wasn’t there, I backed off on the B2B. And so this is a really important part to understand when you, when you have a business and things happen in your world, you can, you know, expand and contract as the needs in your life require it. And it’s okay.

38:48
I can’t tell you how hard it was to fight my inner critic that, know, you’re not doing this. Yeah, I know I’m not. I can’t right now. So it’s really important to know it’s okay to expand and contract based on the needs of your world, your life, your family, what goes on. I’m sure everybody had to do some type of contraction and or expansion during the pandemic, that type of thing. Yes, that’s absolutely correct. Actually, that’s the nice thing about having a business is that you can make these adjustments.

39:18
Whereas if you had a full-time job, it might be a little bit more rigid. Yes, exactly. the, uh, I mean, even think about when you move, you, even if you move your, your, uh, facility and I know you moved your warehouse and you really have to just focus on that for like a week. You couldn’t, yes. Oh yes. Much longer. And you, you can’t really do a new initiative at that time or start a new campaign because you’re so focused on what was so it’s okay. want people to understand that it’s really okay.

39:46
Okay, let’s pretend that you’re just starting out again. I don’t know if you can even remember back this far, but did you have any problems like with the website? Are you technically inclined? Oh man. Well, it would be easier today because there are platforms in a box, as a, know, like whether it’s Shopify or big commerce or something like they do make it easier and the drag and drop editors do make it easier.

40:12
Yes, back then I used to do it all. used to do the WordPress blog. I used to do the order, but I did eventually quickly realize if I wanted to do it fast, I had to hire somebody. So I hire where somebody’s expertise is in. In other words, I don’t do my own legal stuff. I hire a lawyer. I don’t do my own taxes and bookkeeping. I hire a bookkeeper and a CPA. I mean, I’m very, very, very clear about that. And so I do have somebody else handling now.

40:41
and has been for years, my my back website needs including Amazon, I don’t want to do anything with the listing. But was it like that when you first started? No, I did it. I did it. And it was very clunky. I went back and looked at an old site. Oh, it was funny looking. We all do that. Yeah, was platform. Did you choose? I’m curious. That well, it was it was a hybrid hybrid software. I can’t even remember now. And then but I quickly realized and I was growing to

41:11
that it wasn’t going to be able to accommodate my growth and how I wanted to scale. So then I opted for big commerce and that was a multi-faceted decision. put it that way. Yeah. mean, changing platforms is always a huge decision. Yeah. Poking bamboo things in my eyes. Oh my gosh.

41:37
Oh, changing platforms is so painful. That’s why people always ask, they always ask me, Hey, if I choose this one to save money, is it easy to migrate later? And I’m always like, no, just start out with the one that. no. And, and, big commerce is great for the user experience and there, I think they’re better platform for a lot of different industries. think starting out maybe Shopify, but the add-ons sometimes create broken code. And before you know it, you’re spending a lot of money anyway.

42:07
So that’s my opinion. But the other thing I wanted to add is there were not people out there like you, Steve, that were teaching people how to create an online store and or how to create a profitable, you know, have an audience. And your programs, which I am a member of, are phenomenal. They’re great information. You’re not dramatic. You don’t change, you you keep staying on the same course.

42:35
which, I don’t mean courses in course, but I mean, you talk about the important elements and foundations that are important to an e-commerce store. And you keep saying the same thing over and over again to reinforce how important, with no drama and there’s no, it’s just fact driven with experience. And that is unusual. And it’s not a flash in the pan kind of thing.

43:01
So I always refer people to you. You don’t even know how many people I’ve referred to you. it’s just, Oh, Oh my gosh. You’re, know, and I’ve looked at a lot and I’ve looked at many and you’re, and you are without a doubt top notch in what you’re trying to accomplish, which is getting people profitable online as quickly as possible. thank you. I’m an engineer. think people like that. Like I don’t like fluff. just jumped straight to the details and the execution part of

43:30
So, And I like that. And I’m kind of, I’m, uh, uh, more marketing focused and more. So I really appreciate and value people that are more fact driven. And that’s probably one reason why I was so attracted to what you, what your programs offer and what they, results they get, the results are huge. then what were, I mean, looking back, I know you’ve been doing this for a long time now. What would you say? Cause there’s a lot of people listening here who actually want to start a business also. Yes.

44:00
What would you say was your your personal biggest challenge in getting started? Believing in myself. Just strike me as someone who lacks confidence. No, I don’t. I don’t. But you know, it’s it really is interesting. Back then, it was a I should I do it this way? Or should I do it this way? How about this? How about that? You know, and I just had to believe that I had this vision. The vision has come true. I have my

44:28
vision statement is to become the world’s largest online specialty retailer providing orthopedic aftermarket products. We became that. So now we’re in total web domination version 2.0, but it truly is, well, how am gonna get the money? Where am I gonna do this? How is this gonna work? I am a mom with two small kids. How is this gonna work? So I had to have the confidence to move forward, but.

44:55
Boy, I tell you those inner critics, those little gremlins in your head can really do a number. And you just have to just say, you’re not welcome here right now. I know what I’m doing. And you do, you just have to say, sorry, you’re not invited to this party. And because the world will give us so much competition, our customer shipping, you know, supply chain issues. had enough problems. don’t need to have our inner critics giving us more. And if you’re really stumped.

45:24
Do not be afraid to reach out and ask for help. And when you ask for help, make sure you feel that flow with that individual. If it feels stilted or clunky, that’s not the right one. Find somebody else. It doesn’t mean that it’s… I remember a woman, I would give talks at local colleges about entrepreneurship and a woman came up to me and she was so excited. And she was actually the mother of one of my children’s fellow students.

45:51
And so I recognized her and she said, oh my gosh, I’ve got this great idea. And it’s something in the frozen food, I don’t remember, and frozen food area. And she wouldn’t tell me what it was. And I said, that’s okay. And she said, I said, I’d be happy to sign a non, you know, a nondisclosure agreement. And she’s, so she talked to her uncle, her uncle said, don’t tell anybody. And I explained to her, you know, how hard it is to get an idea to fruition and then execute it. It would be so rare if somebody really took it and ran with it.

46:21
know, and you have to have some trust in that and some trust in people that you talk to. And she never ever did anything I ran into her. Oh, I don’t know. 10 years later, still hadn’t done anything. I still don’t know what the product was. And isn’t that sad? happens all the time all the time. And everybody has to understand that some people I was at the orthopedic convention and a wife

46:49
dragged her husband over and she said, see, see, I told you this would be a good idea. I’m looking at him and he said, she came to me with this idea years ago. And I said, and did you do anything about it? I looked at her and she said, no, I said, we all have ideas. The difference is executing them, period. I mean, I have hundreds of ideas and other people have had this idea that I have the cast cover idea, but it’s the executors. You have to execute and you can’t.

47:16
you don’t know what the customer and the market can bear until you get your product out there. And the first iteration I had of Cascovers products, oh, and the logo and the packaging, so ugly, who cares? In and out there. And I didn’t know how ugly it was. I was kind of proud of it actually. Now I look at it say, oh, yeah, funny. You I look back using the way back machine. I’m thinking the same thing. Yes, exactly. Way, way back. Go back 13 years.

47:45
But hopefully does that answer your question? does. Okay, so just for the people listening, how much money did you risk to start your business? Oh, Well, over it was over time, it was this and then this and then this. I would say probably about 100,000 over the first five, six years. Okay, but what about just to get the website up and get your first set up and go and probably 15,000 15,000. Okay. That’s interesting. That’s much higher than I would have expected. Actually. Well, I had to buy a lot of fabric.

48:12
Well, and then one of the last stories I’ll leave you with is so, you know, I bought, excuse me, I went to the American Academy of orthopedic surgeons and one office bought quite a bit of product. was a big deal. was champagne popping kind of, you know, it like 600 units, which is huge when you just get started. Yeah. So, and I had found a sewing contractor actually down in San Diego who made them for me because they’re bulk purchase. And I had got the, you know, I got the elastic and I.

48:40
you know, medical product and the fabric and all this kind of stuff and get everything together and shipped it off. But a week later, she called me and she being the office manager, head nurse, and she said, so is the elastic latex free? That was the longest pause in my world. I said, you know, I’ll get back to you. I went back to my elastic provider supplier and said, was this latex free? And he said, oh no, you didn’t ask for it.

49:09
And even though I told it was a medical product, I was not happy. so latex allergy is typically an exposure allergy. So in the medical dental fields, if you have latex gloves and latex products, you will probably get a latex allergy. It’s very rare to have a latex allergy that you’re born with. And so guess what? Even though their patients probably didn’t have a latex allergy.

49:37
Here they were touching elastic that was in my product that was, they had latex in it. I had to take them all back. So this is an expense. Yes. So this is where I’m saying some of this expense. So the next time I went down to the sewing contractor, she wasn’t available, but she said, just look around the shop. That’s okay. And so I was talking to her, looking at some, and she was sewing tattoo sleeves, which is a very similar to my product. Very similar.

50:05
And I looked at the ends and they didn’t have elastic. And I said, well, these don’t have elastic. And she said, no. And I said, well, what’s the stitch? She said, this is a cover stitch. And I said, well, why didn’t, why didn’t we do that with my product? She said, you didn’t ask. Oh my gosh. So I was maintaining my composure. And then the one question I will leave people, I don’t, if you manufacture a product, I don’t care if it’s software, if it’s linens, if it’s t-shirts.

50:33
If you have a vendor, ask them, what would you recommend that you’re, if I was your daughter or your mother, whatever, what would you recommend? How would you have them manufacture it? And I can’t tell you how that has saved so many people and the people that I help today with that are product entrepreneurs. And was just shocked. you didn’t ask me for it. Oh my gosh.

50:59
That happened with my Asian vendors. And I don’t use elastic anymore either. I use this very special stitch that keeps the stretch of the fabric. Nice. Nice. I mean, these are all things that you learn on the job, right? Absolutely. And again, it didn’t stop me, but they’re just great stories to share. And I love helping shorten the curve, the learning curve for other product entrepreneurs. Love it. Love it. Yeah. And that if anyone has any questions about your business or

51:27
heaven forbid if they’ve broken something. Where can they find you online if they have any questions? they can they can. There’s two ways you can always email me at Annette at Cast Covers. That’s with a z.com. So it’s Annette, A-N-N-E-T-T-E at Cast Covers with a z.com. Or you can call our 1-800 number, is 1-800-CAST-COVER, which is 1-800-227-8268. Nice.

51:57
Well, Annette, was a pleasure talking to you on this podcast. mean, we met up on a number of occasions. think the last time I met you was either Seller Summit or maybe it was in San Francisco at an ECF event. It was one of the two and I’m going to an ECF tomorrow morning, a regional one in LA. Oh, you are nice. That’s right. That’s right. You’re very message me about that. Yeah, I can’t make it down there, but I’ll for sure see you at ECF live, right?

52:23
Yeah. And, but more importantly, seller summit for conference. Oh my gosh. That’s another program that you have that is phenomenal. Seller summit is action packed full of take home. So many ideas. You don’t know which one to start. That would be one workshop you could have how to discern which projects to start first when you get home. Yeah. It’s a, it’s a, it’s as good if not even more so because of the opportunity for the community, just talking to other online sellers. It’s great.

52:52
Actually, I was going to mention since I’ll close with this, when you mentioned earlier, when people when you’re doubting yourself, it always helps to have someone who’s done it before, talk to you. yes. Because as soon you talk to someone who’s done it before, you know, it’s possible. And that actually gives you confidence also. Yep. And that’s when I help women product entrepreneurs with my side hustle, which is she makes products.com. Oh, I I help women product entrepreneurs. And it’s exactly the same thing.

53:21
Oh, is there an email for that as well? anyone’s interested? it’s Annette at SheMakesProducts.com and it’s SheMakesProducts.com and the phone number is my direct dial, which is fine. 760-757-2650. Amazing, Annette. Amazing. I don’t know how you do all this, but… It’s a love. I truly believe that business is a creative outlet, just like cooking or gardening or golfing.

53:51
And it is one of the last really true ways to show our creativity. I love business. Love it. Love it. Love it. Love it. Well, that thank you so much for coming on. Thank you for having me, Steve. It’s been a pleasure. I look forward to seeing you at your event. Absolutely. It’s L or seven may looking forward to it.

54:16
Hope you enjoy that episode. Now I thought that selling handkerchiefs online was kind of random, but I think Annette outdid me with her cast covers and I love her business model, it’s amazing. More information about this episode, go to mywifequitterjob.com slash episode 396. And once again, I want to thank Clavio, which is my email marketing platform of choice for e-commerce merchants. You can easily put together automated flows like an abandoned card sequence, a post purchase flow, a win back campaign. Basically all these sequences that will make you money on autopilot.

54:43
So head on over to mywifequitterjob.com slash KLAVIO. Once again, that’s mywifequitterjob.com slash KLAVIO. I also want to thank Postscript, which is my SMS marketing platform of choice for e-commerce. With a few clicks of a button, you can easily segment and send targeted text messages to your client base. SMS is the next big own marketing platform, and you can sign up for free over at postscript.io slash Steve. That’s P-O-S-T-S-E-R-I-P-T dot I-O slash Steve. Now we talk about how I these tools on my blog,

55:12
And if you are interested in starting your own eCommerce store, head on over to mywifecoutorjob.com and sign up for my free six day mini course. Just type in your email and assume the course right away. Thanks for listening.

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Ready To Get Serious About Starting An Online Business?


If you are really considering starting your own online business, then you have to check out my free mini course on How To Create A Niche Online Store In 5 Easy Steps.

In this 6 day mini course, I reveal the steps that my wife and I took to earn 100 thousand dollars in the span of just a year. Best of all, it's absolutely free!

395: Never Give Up! How Saba Yazdani’s Solar Lights Store Took Off When She Was About To Quit

395 : Never Give Up! How Saba Yazdani's Solar Lights Store Took Off When She Was About To Quit

Today I’m really happy to have Saba Yazdani on the show. Saba is a student in my Create A Profitable Online Store Course. She has been in the class since 2015 and she runs a 6 figure store selling solar lights over at SunShareSolar.com.au.

Saba is in Australia, does not sell on Amazon, and she’s going to teach us how she grew her store to 6 figures. Enjoy the show!

What You’ll Learn

  • How Saba started and grew Sun Share Solar
  • How Saba nearly gave up just as she was about to become successful
  • How persistence and perseverance go a long way when it comes to running a successful business

Other Resources And Books

Sponsors

Postscript.io – Postscript.io is the SMS marketing platform that I personally use for my ecommerce store. Postscript specializes in ecommerce and is by far the simplest and easiest text message marketing platform that I’ve used and it’s reasonably priced. Click here and try Postscript for FREE.
Postscript.io

Klaviyo.com – Klaviyo is the email marketing platform that I personally use for my ecommerce store. Created specifically for ecommerce, it is the best email marketing provider that I’ve used to date. Click here and try Klaviyo for FREE.
Klaviyo

EmergeCounsel.com – EmergeCounsel is the service I use for trademarks and to get advice on any issue related to intellectual property protection. Click here and get $100 OFF by mentioning the My Wife Quit Her Job podcast.
Emerge Counsel

Transcript

00:00
You’re listening to the My Wife Could Her Job podcast, the place where I bring on successful bootstrap business owners and dig deep into the strategies they use to grow their businesses. Now this is week two of student month where I’m bringing in successful students from my course to talk about their businesses. And today I have Saba Yazdani on the show. Now Saba runs sunsharesolar.com.au where she sells solar lights and she started on a low budget and it took quite some time for her to get going and she actually nearly gave up.

00:28
But her story is the perfect example of how persistence and perseverance go a long way when it comes to running a successful business. Enjoy her story. But before we begin, I want to thank Klaviyo for sponsoring this episode. Always excited to talk about Klaviyo because they’re the email marketing platform that I personally use for my e-commerce store and it depends on them for over 30 % of my revenue. Now you’re probably wondering why Klaviyo and not another provider. Well Klaviyo is the only email platform out there that is specifically built for e-commerce stores and here’s why it’s so powerful.

00:56
Klaviyo can track every single customer who has shopped in your store and exactly what they bought. So let’s say I want to send out an email to everyone who purchased a red handkerchief in the last week. Easy. Let’s say I want to set up a special autoresponder sequence to my customers depending on what they bought, piece of cake, and there is full revenue tracking on every email sent. Klaviyo is the most powerful email platform that I’ve ever used. You can try them for free over at klaviyo.com slash my wife. That’s K-L-A-V-I-Y-O dot com slash my wife. I also want to thank Postscript for sponsoring this episode.

01:25
If you run an e-commerce business of any kind, you know how important it is to own your customer contact list. And this is why I focus a significant amount of my efforts on SMS marketing. SMS or text message marketing is already a top five revenue source for my e-commerce store. And I couldn’t have done it without Postscript.io, which is my text message provider. Now, why did I choose Postscript? It’s because they specialize in e-commerce stores and e-commerce is their primary focus. Not only is the tool easy to use, but you can quickly segment your audience based on your exact sales data.

01:54
and implement automated flows like an abandoned cart at the push of a button. And not only that, it’s priced well too, and SMS is the perfect way to engage with your customers. So head on over to postscoop.io slash Steve and try it for free. That’s P-O-S-T-S-E-I-P-T dot I-O slash Steve. And then finally, I wanted to mention my other podcast that I released with my partner Tony. And unlike this podcast, where I interview successful entrepreneurs in e-commerce, the Profitable Audience podcast covers all things related to content creation and building an audience.

02:23
No topic is off the table and we tell it like how it is in a raw and entertaining way. So be sure to check out the Profitable Audience Podcast on your favorite podcast app. Now onto the show.

02:39
Welcome to the My Wife Quit Her Job podcast. Today I’m really happy to have Saba Yazdani on the show. Now Saba is a student in my Create a Profitable Online Store course. I think she’s been in the class since 2015 and she runs a six figure store selling solar lights over at sunsharesolar.com.au. That’s right, Saba is in Australia and this is actually a fairly tough niche to crack, but Saba has managed to create a great brand over at Sunshare Solar. Now she doesn’t sell on Amazon.

03:09
And she does sell in a couple of other marketplaces, we’ll talk about during this interview. But Saba is going to teach us how she grew her store to six figures, how she got started, how she gets her sales, everything. And with that, Saba, welcome to the show. Thank you, Steve. Nice to talk to you. Yeah, it’s great to talk to you, actually. After all these years, I know we’ve exchanged a bunch of emails and that sort of thing. Yes. And yeah, I should have contacted you earlier.

03:37
That’s exciting. I think I am one of the oldest students in your course. I don’t know about that. I actually launched in 2011. You know, the oldest one is Joel Cherico, the one who makes six figures selling pottery. He’s probably my oldest student ever. Really? He was like the first person to sign up in 2011. That’s interesting. But I don’t want to take credit away from you. You’re definitely one of the older students.

04:05
So tell the audience about your store, what you sell and how you got started. Yeah. So my store, as you mentioned, is sunsharesolar.com.au and I’m selling solar powered lights from small house, house, or garden lights to the commercial lights and street lights. And how I get started. Basically, I’ve been thinking of doing some side hustle for myself.

04:35
for a while in 2015, but I had a full-time job. In 2015, after like five years with a company, with one company, I applied for a promotion. And basically, what can I say now that fortunately they didn’t give me that promotion. And it was like, it hurts me because I’ve been like my

05:05
perspective was that I’ve been very fit for that promotion, but it did hurt so much that I decided to quit. Oh, wow. Okay. Yes. So I quit my job and I like search on the internet, what can I do with $5,000? And the $5,000 was credit card that I had at that time.

05:34
And then I found that I can do online business or I can start an online business, an online store. And then I searched how can I start an online store or how can I open something in this case? And your course was the first search result on the Google page. And actually it was your blog, my wife,

06:03
job and yeah, and all it starts from that search, Google search and understanding about your five day course. started the mini course, did it for like five days and immediately after that I joined the course and it turned out that it was the best decision that I made in my career. I was just curious, what were you doing? What was your job before?

06:32
Yeah, I’ve been working in an educational institute like a college. Okay. And I’ve been this actually after I moved to Australia before that I’ve been working in a national statistical bureau. But when I moved here, I started to work in an educational center and I’ve been a student administration or student support officer. And I’ve been also teaching

07:02
One day per week or one or two days per week. I’ve been also teaching in the same Institute. So kind of casual teacher and a student support officer. Yeah. So when you quit, you didn’t have another job or income lined up. Oh, no. Wow. Okay. No. So take me back. Why solar lights? Why solar lights?

07:32
It is based on the steps on your course, actually. Oh, really? OK. Yeah, I followed all the steps in finding a niche and testing a niche. following those steps, I came up with a few niches and I tested them. And the things that came up, I can’t remember, but I’m pretty sure I tested five or six niches before.

08:01
solar lights, which one of them was silver, for example, silver plates or silver dinewares. One of them was educational games. One of them was wooden toys. And I think another couple of them, which I can’t remember at the moment, but I reached to

08:28
In my search, I reached to renewable energy or items that are related to renewable energy. I found that then I’ve digged into different types of things that are there in that space. And I find that, OK, solar energy is or the applications of solar energy is more accessible. And actually, there are, again, wide range of

08:58
applications for the solar energy and at that time based on the searches on Amazon and on Long Tail Pro, the solar light or solar lighting was less competitive and more accessible for me to start with. As I mentioned, the only thing that I had, I’ve been like…

09:24
not in a very good financial position. And the only thing that I had was a credit card with $5,000 limit. So I wanted basically to fit something in kind of data space. Which I ended up with the keyword that was SolarLight at that stage. I can remember that the keyword

09:52
The volume was 8,800 per month in Australia and the KC was 28. So it fits the criteria that you mentioned and I can remember that something around at that time was something around 8,000 per month and KC below 30. You mentioned close to 25, but definitely below 30.

10:19
which that keyboard, solar lights, fits that criteria. yeah, and also there were another couple of related, a few related keywords fit on that criteria, which I could add to my store. at the time I planned for five keywords. So I chose also solar garden lights.

10:46
LEDs or something around that area, which all of them, had something around between 1000 to 8000 search per month and all of them had KC below 30. Nice. So yeah. I know that the Australia market for search is much less competitive than it is in the US. yes. Yeah. That’s amazing. So you did it just based on the search guides. You had nothing

11:15
You had no attachments to solar products or anything when you first started? No, not at all. Not at all. It just, I found it through the searches. You know, I must say that it took a lot of guts for you to just quit your job and do this. I don’t know if I would have been able to do that. Just cold Turkey. Yeah. Yeah. Actually they were, it was frightening for me. Really.

11:41
stressful time and many people around me actually told me that it’s not a good idea. But and it was hard at the time, I should admit that. But turns out that it was a good decision. Although it was really hard, like the first two, three years was really hard.

12:07
But at the end of the day, now when I look back in one sentence, I can say that it’s worth it. Nice. All right, so you decided to sell solar lights. How did you actually find product? Again, followed all the steps on your course. In your course,

12:33
No, I’m serious. anyone listening, I promise you this is not like staged or anything. Yeah. Yeah, actually it is first time that I’m talking to you. So, uh, probably you wouldn’t know you even wouldn’t know that, but, uh, in the, um, the section of your website, which is about suppliers, I, uh, copied that email template that you had, um,

12:57
to the suppliers and I remember that you mentioned that you need to show you are much bigger than than what you are and at the time I basically haven’t been like I had nothing but I started with those templates and asked for samples. The first products that I asked for samples was solar lanterns

13:25
and solar battery charges or solar phone charges. So these two keywords, solar battery charges and solar lantern, they were among those five keywords that I told just a few minutes ago. And in terms of price range, they were cheaper. So I start with the companies that had those plus

13:55
other products that I needed or I thought that I would order later on in the process. yeah, I got samples. The first samples that I got was in just a pack of 10 of a few different models of solar charger and different models of solar lanterns.

14:24
I can say that the most time consuming process of the setting of the websites was this process of contacting supplier and testing, asking for samples and testing them. I ended up to contact over 30 suppliers. Wow. Okay. Yeah, it was a huge number of them. Ended up with basically spending all my, not all of them, but

14:52
almost 50 % of my credit card on ordering samples. And I took samples from something around 15 suppliers. And it was, as I mentioned, the major time in setting up, in the process of setting up the store for me was this process. And it took almost four months for finally to, to finally

15:20
find a supplier that is reliable and we could communicate and the sample that they sent, they could understand what I mean. the sample that they sent was exactly what they promised. I started with three of them. I found the three of them and I started with all three. And it is interesting that now after almost six years or maybe

15:50
Yes, six years. Still, I am working with two of them. Actually, these two are my suppliers at the moment. I never order battery charger and solar lanterns again from them. But for the solar lights, those two that I found, still we are working together, which is basically, I think one of my major achievements is finding these two

16:19
great, great suppliers that I have. So let me ask you this. When you were looking for suppliers, did you end up changing anything about the product or were you just putting your brand on it at first? No, at first I just put my brand on them. Okay. Yeah. it. Okay. Yeah. I didn’t actually change anything, but just put my brand on them. Yeah. What was your minimum order quantity for those products?

16:49
in your first order? Okay, wow, very few actually. Yes. Yeah, I ordered only 10. But and I had solar lanterns in two models and solar charges in five models. So I started my the website, actually the website went live with only these five models, these five products. Let’s actually talk about your website for a little bit. Sure.

17:18
Would you describe yourself as technical? No. I describe myself as like a person who is patient enough to work with the softwares and learn them, but not technical at all. So I haven’t done any coding, but I spent time watching videos.

17:44
for my website is OpenCard and I watched the video or the read the documentation about how to set up things on the OpenCard and also followed your videos because you have tutorials on installing the website and setting up the OpenCard these things. So that time was the first time that I heard about all of these things.

18:14
You know, it’s funny, back in the day, like I was really big on OpenCart because I thought it was up and coming. It was like way better than what I was using. And it was back then, I don’t think like the Shopify’s and big commerce’s were the leaders they are today. And the reason why I asked you whether you were technical or not is because you know, using OpenCart requires some technical chops, you know, to get installed. And it’s really impressive that you got it launched in your site looking the way it has. It’s amazing. Yes.

18:41
Thanks. Just curious, the platform, so you chose it presumably for the price or the open card? Yes. Oh, no, not really. I chose that because you recommended it and because I had the technical support if I needed. My husband is a computer software developer. Got it. OK. And yes, I knew that if I need some technical support, I

19:11
can ask him. But to be honest, the start, basically he didn’t know that I’m doing that. He knew that. So basically I didn’t ask or I didn’t need any technical support for the first year because I was supposed to look for another job.

19:40
So I’ve been searching for the jobs in job interviews and been busy sending my resume and this thing. I didn’t ask for, and fortunately nothing come up, nothing so technicals come up that I needed technical support or something that I couldn’t handle. Everything was based on your tutorials and open card documentations.

20:08
Nice, nice. There was a couple of times that I needed to contact the support desk, open card support. And at the time they’ve been very helpful. a couple of times that I contacted them, they helped me. And but after that, like from the second year, my husband

20:31
joined the group and yeah, he did the technical support basically for me. Okay. Do you know how much you were paying per month when you first got started? How much? Just for like the hosting to run the website. I’m just curious. Oh, to run the website. Open card was free. I think the domain and the hosting was

21:00
Not more than $15 per month. Nice.

21:06
If you sell on Amazon or run any online business for that matter, the most important aspect of your long-term success will be your brand. And this is why I work with Steven Weigler and his team from Emerge Council to protect my brand over at Bumblebee Linens. Now what’s unique about Emerge Council is that Steve focuses his legal practice on e-commerce and provides strategic and legal representation to entrepreneurs to protect their IP. So for example, if you’ve ever been ripped off or knocked off on Amazon, then Steve can help you fight back and protect yourself.

21:34
Now, first and foremost, protecting your IP starts with a solid trademark and Emerge Council provides attorney-advised strategic trademark prosecution, both in the United States and abroad for a very low price. And furthermore, the students in my course have used Steve for copywriting their designs, policing against counterfeits and knockoffs, agreements with co-founders and employees, website and social media policies, privacy policies, vendor agreements, brand registry, you name it. So if you need IP protection services, go to EmergeCouncil.com and get a free consult.

22:04
And if you tell Steve that I sent you, you’ll get a hundred dollar discount. That’s E-M-E-R-G-E-C-O-U-N-S-E-L dot com. Now back to the show. So let’s go back to the products now. So you said you just ordered 10 as your first shipment. Is that correct? Yes. Yeah. Okay. And so you have this website now with five products, you said? Yes. Five products. So how did you make your first sales?

22:33
How did I make my first self? It was a few months. My major marketing or basically sales channel was SEO. And I know that your emphasis is on SEO. especially at that time, I think at that time you haven’t added the Facebook things and.

23:02
there wasn’t such a big Facebook marketplace and these things, but it was SEO. And I did everything, but haven’t got any results, haven’t got any sales and nothing changed in SEO as well. So I started opening up eBay to sell those 40, 50 items that I have on eBay. So I started

23:30
opening up eBay and listed those items. I’ve been kind of very disappointed at the time, suddenly a sales come through, which I don’t know how, but it was certainly through the website, like someone looked and the first sale was solar lantern. And when the first sales comes up,

23:58
which I don’t even know where it comes from, but it changed me. Actually, I can remember that I’ve been feeling disappointed and I’ve been feeling that it’s not going anywhere, but out of the sudden this PayPal notification came and just one person purchased two solar lanterns.

24:28
And then after that, actually it really changed me and I thought that that’s it. It started and I started to basically do some advertising or do some boost posts on Facebook. created my Facebook page, did some boost posts on Facebook page and I got some sales through Facebook on solar battery charges and against solar lanterns.

24:57
At that point, haven’t got any results on eBay, but immediately after that, everything that I earned or sold from those cells, I put to another order. And in the second order, I started to import or to get the small samples of solar lights. So I mentioned before the suppliers that I chose,

25:27
they had much more like a wide range of product which I believed I could use them in my past so I start using them. the next time I ordered solar lights and five, this time five solar lights and five of them and immediately I start putting more products on my website and then

25:54
I started again, I have continued with boosting posts on Facebook and yeah, gradually got sales. I must admit that the process was very, very slow for two years. two years, it was very slow. I had maybe, if I had a month that I had $300 sales, it was like the best month.

26:23
I remember those feelings. Yes. So only $300 would be per month, like made me happy. I ended up in 2017, I ended up to back to part-time teaching. So I ended up to go to teaching, like work as a casual teacher and I worked part-time.

26:52
like part-time as a casual teacher in 2017. And the thing was slow, but what I did in those two years was just adding more products to the website. So everything I earned from teaching and everything I sold from the website, I put it in the adding more products. So even I purchased only five from OneLight,

27:22
I would do so to basically expand the range of the product in the website. So I started categories of solar garden lights and solar security lights in 2016-17 and was working on SEO in terms of having blocks, creating backlinks. I started to going to the networking communities

27:51
and like the community websites and then the local business websites. These things I got my business listed. And yeah, in 2018, something that happened in 2017, which again, the time that I’ve been very low in terms of energy or hope, maybe you can maybe understand.

28:20
something happened and it was a Sunday and me and my husband we’ve been partying in one of the friend’s house and my phone got pinged like PayPal pinged and I said okay it was a sales and it was a solar charger and I’ve been very happy that

28:42
it’s okay that’s not Saturday and it’s a really good feeling to sell on Saturday when you are not working or whatever you relate to do especially at the start when you are under a lot of pressure I think and it pinked five minutes late or maybe one hour later and pinked again another one third one fourth one and went to tens or twelve at that day

29:10
out of the sudden we sold 12 in one day and it was in one day at the time was $800 worth of sales which was like I’ve been very very excited and happy and really eager to know how what the hell what happened what happened I had them the

29:36
My highest record was $300 per month and now it’s $800 per in one day. And I couldn’t understand where they, what is this, where it comes from. I haven’t been on SEO and I remember the day after on Monday, one of the customers who purchased call to ask a question. And when she calls, I asked her, by the way, how did you find my solar?

30:05
did like this product. And she said that you’ve been featured in the Sunday, one of the local newspapers on the Sunday feature or Sunday special, they featured us. They featured or Solar Lantern. was exactly, was in January around again, the same time in January. And it was back to a school collection.

30:33
that they’ve been because in Australia, kids go back to school at the in the last week of January. Right. So they had a collection back to school collection and or solar charger was was featured on that collection. Amazing. How did they find you? I don’t know. Right. Probably. Right. Maybe probably to SEO. Yeah, probably to SEO. But no one contacted me to.

31:01
ask me any question and no one. So it just happened out of the blue. And to be honest, it was again another boost in my energy and my determination to continue. So then from there, what happened then? Then again, nothing happened till from that day. Nothing happened till 14 months later.

31:29
14 months later in mid 2018. It was exactly May 2018. I mean nothing happened. It doesn’t mean that nothing happened. It means that we grew very slowly. Yes, sales grew up month by month and by May 2015, I reached to something around $1,000 per month, May 2018. And in May 2018,

31:59
Again, we’ve been on holiday and everything happens. It’s interesting that all the jumps happen when we’ve been on holiday. We’ve been on holiday and again my phone pinged a few times a day and this time it was different. They were different purchases, different solar lights. And then

32:28
I told my husband that something is going on. Maybe like we went to check the website and we found that, yes, we came to the first page for the keyboard of solar lights. after, yeah, it was like amazing feeling that happened for after more than 24 months. But since then,

32:56
We stayed in the first page of the Google for Solar lights and like we grow from there $1,000 per month in sales to now that we are like much more than this. know, search engine optimization always takes a long time. Yes. I don’t know about two years, but yeah, I mean, it sounds right. It just depends on…

33:24
you know, how much work you are doing back linking and that sort of thing. So you continue to put out blog posts and add new products to your website basically, right? During those two years. Okay. Yeah. We, in terms of SEO, did, yeah, keep adding blogs and adding products. So basically every month we added a few pages to our website, either blog or products. Okay.

33:51
Did you do any paid advertising during this period outside of boosting Facebook posts? No, no, there was no paid advertising. turned on at that time, we started doing Google ads for three months in 2017, but it wasn’t profitable. So we turned it off. And just recently, we started Google shopping ads.

34:19
Actually, by recently, mean in 20 now it’s one year early 2021 we started that. But this time is profitable and we keep that that’s good. Google is shocking. Nice. OK, can we talk about email a little bit? Because I know before we started hitting the record button, you had told me that Clavio is not compatible with the latest version of OpenCart. So have you been doing email marketing?

34:49
or how long have you been doing it for? Yes. Yeah, we started email marketing from 2019. So it’s our third year. we doing like last year, we did once email per month. So and we are getting some interaction from the emails again, same as I think, same as everything else. Maybe it’s a slow a little bit.

35:18
at the start. in 2020, we haven’t got any, we got interactions, but not sales. But in 2021, we started to get a few sales out of the emails. I think it will make a huge difference when you integrate Klaviyo properly, because anyone who buys will get on the list. And then if you email those people, I’m sure you’ll get a lot more sales. So yeah, this is just the tip of the iceberg for you, Saba. Yeah.

35:48
Yes, so yeah, actually it is and as the sales grow and as the as I can see the evidence that the these things or works as you know, I get also more serious in and not not that I haven’t been serious but more probably consistent in adding value to the website and growing it and I have like

36:17
plan for growing to other applications of solar energy this year. For example, solar gate openers or solar panels for campings or this area is also in my list to add to the website and basically diversify the range of products in the website.

36:48
I just wanted to let you know that tickets for the 2022 Seller Summit are now on sale over at Sellersummit.com. Now, what is the Seller Summit? It is the conference that I hold every year that specifically targets e-commerce entrepreneurs selling physical products online. And unlike other events that focus on inspirational stories and high-level BS, mine is a curriculum-based conference where you will leave with practical and actionable strategies specifically for an e-commerce business. And in fact, every speaker that I invite

37:15
is deep in the trenches of their own ecommerce business. Entrepreneurs who are importing large quantities of physical goods and not some high level guys who are overseeing their companies at 50,000 feet. The other thing I can assure you is that the seller summit will be small and intimate. Every year we cut out ticket sales at around 200 people, so tickets will sell out fast and in fact we sell out every single year many months in advance. Now if you’re an ecommerce entrepreneur making over 250k or 1 million dollars per year in revenue,

37:42
We are also offering an exclusive Mastermind experience with other top sellers. Now the Seller Summit is going to be held in Fort Lauderdale, Florida from May 4th to May 6th. And as of right now, we’re almost already sold out of Mastermind tickets and we’ll be raising the price every month leading up to the event after Cyber Monday. For more information, go to sellerssummit.com. Once again, that’s sellerssummit.com or just Google it. Now back to the show.

38:08
So I know you’re not selling on Amazon and you do hold inventory. So where do you keep your inventory? How do you do fulfillment for all the products that you carry? Yeah. I do inventory. Actually, I keep the inventory in our storage room, basically, currently, or it’s been like this for the whole time. And at the moment I have a mix

38:37
kind of the model is mixed. carry inventory for some models. I do drop ship for other models. Yeah. Oh, okay. Okay. Yeah. And also for the sales channel, we have, we also launched another website in 2020, late 2020. So we have now two websites selling solar lights. And also we have

39:06
eBay and Catch, are eBay is like less than 5 % of the sales, but Catch is better. Catch is something like eBay, but local, like Australia-wide. Got it. like kind of local eBay or local marketplace in Australia, which is together Catch and eBay contribute to 15 % of our sales.

39:36
And we also have a wholesaler. So it’s a lighting store who purchase, they purchase from us and they basically resell. So we have these five selling channels now. And in terms of inventory, yeah, still I keep the items that I carry inventory, I keep in my storage room.

40:05
Yeah. Nice. So I’m just curious, what was the rationale for that second website? Is that like a wholesale only website or? Yeah, the purpose of that website was to target wholesale only and was to target basically commercial and government customers in Australia. So it’s mainly

40:32
commercial grade solar lights or solar street lights and bigger outdoor lights. So how did you get those big customers, like government customers? Yeah, got actually we got a couple of them through SEO. We haven’t got many of them like so far, but

40:59
Our plan is to target more and more and as you know, there is always areas for improvement. we had, I think three of them through SEO. So they found us and we had one through our wholesalers. So our wholesalers also got a government customer and basically they were in the middle and we supplied

41:29
to do that. So from what I understand, you said you drop ship and you carry inventory, but you drop ship first to figure out what sells and then you carry inventory of your best sellers or your good sellers? Yes, I do that. sometimes it is hard to or I can say most of the time it is hard to have the exact product that

41:58
sells well in drop shipping, it is hard to find the exact supplier or the exact product. But when I see a keyword gets ranked or when I see a product is getting interactions, then I find something similar to that one. Yeah. And yeah, and I then I

42:25
basically look at the functions and look at the specifications and find something similar to the one that the dropshipper supplies and I carry inventory for them. A quick question about your dropship suppliers. Are they based in Australia or somewhere else? Dropship supplier based in Australia. Based in Australia. Okay, so the delivery time is pretty quick. Yes, pretty quick. Yeah.

42:52
Alright, so I’m going to ask you just some quick fire questions that everyone always asks me about the students in my course. Okay, so how much money did you actually spend to start? I mentioned that I had only the only found that I had was the $5,000 credit card. $1,000 I paid out of that to the for the course at that time was I think around 1100 Australian dollars.

43:19
And the rest I spent on samples and getting all the websites done. Yeah, that $5,000 was plus. I borrowed another $1,000 from a friend when I needed basically for the second order. I had like less found, but I borrowed another $1,000.

43:46
So that was $6,000 that I started with. Okay. 6,000. then it, from what I remember from our conversation, finding your product took four months. Is that roughly correct? Yes. Yeah. Yeah. And then your first sale came a couple of months after that? After that. Yeah. First sales came in March, 2016. Wow. You remember these months and days. Yes. All right. So

44:13
How did you keep going when things were slow during that first year? How did I keep going? Because a lot of people just give up, right? Yeah, actually, I know. I’ve been very close to giving up many times. but just I kept going because I knew that it will work and I could see

44:42
you, your students or other students in the class, did that. So I just kept pushing. I kept pushing and whenever I, the times that I’ve been very discouraged, I tried to watch more videos on your website and try to attend the classes and like just see other people are getting results to encourage myself. So

45:12
Yeah, I think the only thing that I could do was to do everything to to to keep to a stay motivated and to keep going nice nice What would you say is the hardest part about everything that you’ve done so far like the hardest part? The hardest part technical no, it doesn’t have to be technical just anything about the related to the business. Just keep continuing

45:41
Yes, keep going. think keep going is the hardest part. Yes, to be honest, there are a lot of points that I can remember, lots of points that I get discouraged, disappointed, felt that it’s not working. And then, of course, 2020 COVID hit. And there was another shock, especially in Australia, logistics and supply chain

46:10
basically was unleashed or was broken. Getting things into the country was really, really hard. So I think the hardest part was just keep going, just continue, like keep continuing. Did it help that your husband was a partner in this also? Were you working closely together back then? No.

46:38
No, not back then, but we started working together from 2017. So it was a couple of years after I started. And then from last year, basically he started to reduce his workload and working with me more often. I remember critiquing your website. Yeah, do you? What year was that? that 2000?

47:07
17 or 18? 18. Yeah, it was 18, 19. Yeah. Yeah. And I remember like sometimes, sometimes students get their critique and they don’t do anything with it. But clearly you’ve you follow those instructions. Yeah, that makes me very happy. Yeah. Yeah. Yeah. Your course and your classes contribute to a lot of work to basically major my major.

47:37
Mainly my website is based on your course and your website critics and your classes. So yeah, you have, you get the credit. No, you did the work. mean, you persevered. Yeah. Here’s another common question I get asked. So if you were to just, if you have like one piece of advice to anyone who’s listening to this podcast who wants to start a business, but

48:04
hasn’t been able to pull the trigger or give it a try. You went the drastic route and just quit your job cold turkey and started with a credit card. But what advice would you give to people who want to start but just haven’t been able to do so? So if I want to say something to myself, my 2015 version, I would advise, I would tell myself that just be more…

48:34
faithful, have more faith and just keep going and keep going strongly, keep going with higher energy and make sure that if you keep add a little bit, even not every day, every week, you get somewhere. So I would love myself to be much more faithful.

49:03
to the process and to the like being more easy with myself, with the process and more like flow, being in the flow more often. Do you know what I mean? Yeah, I do. Yeah. Yeah, it has. But when I go back, I think that maybe I it wasn’t necessary to be

49:30
disappointed, it wasn’t necessary to be doubtful. If I could, I would eliminate the times that I’ve been doubtful, the times that I’ve been disappointed, and I would enjoy the process and I would enjoy the past more. It’s still not, it’s not late. I learned all these things through the past six, seven years, and still

50:00
is applicable even now because I guess you agree with me if I say that not there is no two months in a business that is are the same. So almost always something happens and but now I learned that I get it like I get I flow with the with whatever it comes and I am more faithful now less doubtful now and I enjoy more.

50:29
and I enjoy more and I am more serious now and I have more like bigger plans now. But it is as a result of all these learnings. I mean, it changes all the time. There’s always stuff to learn. That’s what I like about it. that’s right. So Saba, where can people check out some of your products? I know we got some Australian listeners here. Where can they find your solar lights?

50:55
Yeah, they can find it from our website sunsharesolar.com.au. Share is S-H-A-R-E. So sunsharesolar.com.au. And our second website is solarlightingoutdoor.com.au. OK. And if anyone has any questions for you, do you have like a social media account or wherever where people can ask you questions?

51:23
Yes, I have my Facebook account and my Instagram account. Okay, is that under Sunshare Solar? Solar LEDs. Solar LEDs. Okay, got it. Okay. Well, Saba, it’s been a long time coming. I’m so happy you agreed to come on the show and it’s really great to actually live vicariously through the fruits of your labor, so to speak. Like whenever I have a student that’s successful, it always makes my day.

51:52
really does. Yeah, thanks. All right. Well, thanks a lot for coming on. Thank you for having me.

52:01
Hope you enjoy that episode. Now in bringing these student interviews to you, I am purposely choosing an eclectic range of backgrounds and stories for you. Not everyone’s knocked it out of the park right away, and I hope to provide you with a realistic view of entrepreneurship. For more information about this episode, go to mywifequaterjob.com slash episode 395. And once again, I want to thank Postscript, which is my SMS marketing platform of choice for e-commerce. With a few clicks of a button, you can easily segment and send targeted text messages to your client base.

52:28
SMS is the next big own marketing platform and you can sign up for free over at postscript.io slash steve. That’s P-O-S-T-S-E-R-I-P-T dot I-O slash steve. I also want to thank Klaviyo, which is my email marketing platform of choice for ecommerce merchants. You can easily put together automated flows like an abandoned card sequence, a post purchase flow, a win back campaign, basically all these sequences that will make you money on autopilot. So head on over to mywifequoterdob.com slash K-L-A-V-I-O-I-O.

52:55
Once again, that’s mywifequitterjob.com slash K-L-A-V-I-Y-O. Now I talk about how I use these tools on my blog, and if you are interested in starting your own eCommerce store, head on over to mywifequitterjob.com and sign up for my free six day mini course. Just type in your email and assume the course right away. Thanks for listening.

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Ready To Get Serious About Starting An Online Business?


If you are really considering starting your own online business, then you have to check out my free mini course on How To Create A Niche Online Store In 5 Easy Steps.

In this 6 day mini course, I reveal the steps that my wife and I took to earn 100 thousand dollars in the span of just a year. Best of all, it's absolutely free!

394: Her Jewelry And Accessory Brand Exploded Using This Strategy With Yuliya Veligurskaya

394: Her Jewelry And Accessory Brand Exploded Using This Strategy With Yuliya Veligurskaya

I’m really excited to have Yuliya Veligurskaya on the show. Yuliya is a student in my Create A Profitable Online Store course and she runs a near 7 figure brand selling unique jewelry, bags, and accessories over at StudioCult.co.

Even though jewelry, bags, and accessories are one of the hardest products to sell online, Yuliya has managed to create a successful ecommerce business without selling on Amazon.

In this episode, you’ll learn how she created her brand with TikTok and Instagram.

What You’ll Learn

  • How to build a successful brand without much paid advertising
  • The biggest challenges you’ll encounter selling into a saturated category
  • How to generate sales using Tiktok and Instagram

Other Resources And Books

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Transcript

00:00
You’re listening to the My Wipe Cooder Job podcast, the place where I bring on successful bootstrap business owners and delve deeply into the strategies they use to grow their businesses. And today we’re kicking off week one of student month, where I’m going to bring in successful students from my class to talk about their businesses. And my first guest to kick off this series is Yulia Villegascaia. Now Yulia runs studiocult.co where she sells jewelry, handbags and accessories, which is probably among the hardest types of physical goods to sell online.

00:30
since those niches are so competitive. But Julia has created a successful business and we’re gonna find out exactly how she did it. But before we begin, I wanna thank Postscript for sponsoring this episode. Postscript is my SMS or text messaging provider that I use for e-commerce and it’s crushing it for me. I never thought that people would want marketing text messages, but it works. In fact, my tiny SMS list is performing on par with my email list, which is easily 10X bigger. Anyway, Postscript specializes in text message marketing for e-commerce.

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and you can segment your audience just like email. It’s an inexpensive solution, converts like crazy, and you can try it for free over at postscript.io slash div. That’s P-O-S-T-S-U-I-P-T dot I-O slash div. I also want to thank Klaviyo for sponsoring this episode, and I’m always super excited to talk about Klaviyo because they’re the email marketing platform that I personally use from my eCommerce store, and it depends on them for over 30 % of my revenue. Now you’re probably wondering why Klaviyo and not another provider.

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Well, Klaviyo is the only email platform out there that is specifically built for e-commerce stores, and here’s why it’s so powerful. Klaviyo can track every single customer who has shopped in your store and exactly what they bought. So let’s say I want to send an email to everyone who purchased a red handkerchief in the last week. Easy. Let’s say I want to set up a special autoresponder sequence to my customers depending on what they bought, piece of cake, and there’s full revenue tracking on every email sent. Now Klaviyo is the most powerful email platform that I’ve ever used, and you can try them for free over at klaviyo.com slash mywife.

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That’s KLAVIO.com slash my wife. And then finally, I wanted to mention my other podcast that I released with my partner, Tony. And unlike this podcast where I interview successful entrepreneurs in e-commerce, the profitable audience podcast covers all things related to content creation and building an audience. No topic is off the table and we tell like how it is in a run entertaining way. So be sure to check out the profitable audience podcast on your favorite podcast app. Now onto the show.

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Welcome to the My Wife, Quarter Job podcast. Today I’m really happy to have Yulia Villegas-Gaya on the show. Now, Yulia is a student in my Creator Profitable Online Store course, and she runs a near seven-figure brand selling unique jewelry, bags, and accessories over at studiocult.co. Now, I’ve said this before, jewelry, bags, and accessories is actually one of the hardest products to sell online because the internet is flooded with jewelry, handbags, and accessories. And in general, these categories are quite saturated.

02:55
But Yulia has managed to create a great brand over at Studio Cult. And actually, if you see her jewelry, you’ll immediately understand why. And I encourage you guys to just go to her site and check out her stuff. Now, Yulia does not sell on Amazon, and all of her sales are from her own site. And I decided to bring her on the show to tell her story and reveal how she has managed to build a successful jewelry and accessory brand with just TikTok and Instagram. And Yulia, welcome to the show. So happy to have you.

03:23
Thanks for having me on. I’m really excited to talk to you about my business. Yeah, Julia, tell the audience about your business, what you sell and how you got started. Yeah, so it started as a passion project while I after I quit my job, I used to work in architecture and I live with my mother for a little bit and I was trying to reorient myself because I wasn’t really jazzed about my previous career. I used to work in architecture.

03:49
And I wanted to do something that was more freeing for my career. I felt like I was very stifled and what I was doing before. So, yeah, I was browsing the internet. I was taking your course. I was really just totally committed to starting my own business because I couldn’t really find any jobs where that would be either a call me back for when I submitted a application for the job or just

04:16
There’s just not really much interesting work to be had. I knew that I had to forward to my own way. I found a, uh, uh, community of people who made these things called like enamel pins. are these little brooches basically put them on your backpack, you can put them on your jacket. And, um, I noticed that there were like big brands and small brands making them like everyone from H &M to like, you know, you’re like Instagram artists, like 18 year old Instagram artists. So.

04:42
I’m like, could probably make one of these. I did a bunch of research and I studied the community for a month and I got to this conclusion where I’m like, I know exactly what is the perfect pin to make. And I made it. And then I, you know, did a whole like launch process. found people to send it to, uh, that would post about it. It was a pretty, um, detailed plan I put together and it was actually an overnight success. I like it wasn’t viral.

05:12
overnight. It’s kind of crazy. But before that, I actually had a business that fell apart to where I was importing tea kettles from China to the US and selling them on Amazon. So it wasn’t entirely an overnight success story. But that product was I’m curious about this pin. Can you describe it? Yeah. So if you Google msp enamel pin, it’ll come up. And basically what it is is a

05:40
pin that looks like a three dimensional version of the program and that’s paint. And it had like a dry erase surface. So you can actually like write your name on it and use it as a name tag. And yeah, the way that I got to the idea was actually like, I was looking at the product. I’m like, why are people buying these little things? Like I never actually cared about pins before, but I found them to be these really like beautiful objects. Like I could see myself collecting them. And I realized that

06:09
people really valued things like the amount of detail, the amount of colors used, if there was some significant cultural or pop cultural reference. everything kind of came together in my mind, I guess maybe after years of practicing design and being able to synthesize these types of things. to me, it just became blatantly obvious, I need to make MS Paint as a pin. it just, yeah, it blew up overnight.

06:37
Who bought them? Like what was your audience? People who collected pins. So at the time, yeah, at the time, this was in 2017. And Instagram was a bit different back then. It was much easier to just reach your audience on there. I’m sure you kind of heard over time how like the algorithm changes. lot of people, a lot of like small creators have really been in a lot of pain trying to grow their audience on there.

07:07
But at the time it was a lot easier. More people would see your content. I can’t really explain to you technically how it changed, but it’s just kind of like a known fact at this point, right? Sure. So yeah. So yeah, it was mostly pin collectors, but then also when it did go viral, I think it was just anyone who had this nostalgic kind of connection to old technology or they had the memory of, you know, as a child or as a teenager playing on that program.

07:36
It is for some reason MS Paint is like this. There’s an article about it that described MS Paint as the crappy. What was it? was like crappy program for making like lovable art or something like that. I don’t remember. Yeah. So I think that was the appeal to it for like an average person. Well, how did you spark the viality? Did you just literally post it on Instagram and it just took off or? So what happened was

08:06
I did do a lot of research, like I said, into like what made a good pin. So I think that’s really what propped it up. Like it was poised to have success as just like a product, right? But the other thing that I did was I really understood the community and I understood where people who were looking to buy pins hung out. And at that time in 2017, pin post accounts were a big thing. So like anytime there was anything cool coming out in the community.

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these accounts that had like, I don’t know, two or 300,000 followers of posts about it. So I sent, I like paid them like a, like a influencer fee. They have like rates for how much a repost costs. And I think I paid off like, I don’t know, like five to eight accounts to repost it. And, um, that’s when it went viral because they have all posted the same day and just like people, they really resonated with it. And, um,

09:01
Yeah, I don’t think it would have gone viral had I not went through those channels. Okay, so you did the research, you figured out who these influencers were, you did the research on the pin, and you created a great product that you knew had had viral potential, and then it just took off from there. Yeah, yeah, I mean, it was one of like, one of the most unforgettable like moments of my life, because I went from having like, just like a kind of like a

09:28
It was a really crappy store. There was nothing really. I had just the listing of the one pin, a really weird banner I created. It was kind of laughable, really. And I remember my phone was on my desk, just buzzing, buzzing, buzzing, order after order. I think I made 10 grand in a night, on my first night. Wow, that’s awesome. So Yulia, how much did you invest in your initial inventory for these pins? Presumably you didn’t know that it was going to be an overnight success,

09:58
No, I honestly had no idea. think that I must have spent, I don’t remember the exact number, but something between $500 and like $800. And this is after my first business fell apart. So that I invested more than 10 grand into. Right. Okay. So for these pins though, you said you made 10,000 overnight. Presumably you had to take back orders for that then, right? Or were the margins just that good?

10:25
The oh so that was yeah revenue. I mean the margins are also really good on pins. So like I noticed when it comes to like fashion hard goods like sunglasses or jewelry pins the margins are very big like sometimes you can have margins of like 90 depending on what it is. So yeah most of it was profit. So okay so that that initial 800 order was enough to fulfill that first day’s worth of orders?

10:54
Yes. Wow, that’s incredible. Okay. I noticed do you still sell those pins today or? Oh, I stopped selling them mostly because I just wanted to do something more interesting. I wanted to evolve as a designer and I felt like it making pins is kind of keeping me back. Right. Okay. Can I just ask you questions about your background? You were an architect before not a jewelry or pin designer.

11:23
Yeah, yeah, exactly. Did any of skills translate? And do you design all your own stuff today? Yeah, actually, it translated beautifully. What’s really funny is that the software that we use in school to 3d model our buildings, it’s called Rhinoceros 3d actually was originally developed as a jewelry program. So yes, yeah, so it was kind of a flawless transition. Like I still like I learned how to make draftings of buildings. Now I make draftings of jewelry and hand

11:53
It’s like it couldn’t have been like a more opportune situation. So in terms of manufacturing, do you get your stuff produced in the US? No, so I mostly I mostly produce my jewelry overseas. Our fine jewelry is made in India and our the rest of like the fashion jewelry like stainless steel or acrylic or anything that’s made in China. And honestly, it’s kind of hard to

12:22
get things manufactured in the United States, you get much better service overseas. Like if you want to get something made in the United States, you have to like, let’s say you want to make a ring, right? You have to, depending on how you make it, you have to make a wax. In order to make the wax, you can go to a caster, they can probably print it and then they will cast it for you to create the metal. And then if you want to go set a stone into it, you have to go to another person and set a stone. If you want to do some other kind of process to it, have to

12:52
find that guy for that process. But overseas, it’s more of like, my experience has been that it’s been like just a one-stop shop for a lot of things. And also less kind of gate kept jewelry is kind of notorious for having like, if you’re someone new in the industry, you can easily get ripped off for the cost of materials and the cost of labor for something. So it has been kind of like this boys club for.

13:20
many years here. Interesting. Yeah, so that’s kind of been my experience. I know from the experiences of other students, whenever they tried to contact someone in the US, they often didn’t want to give them the time of day. And this is for textiles. And, you know, everyone always talks about sourcing in the USA, but oftentimes, vendors in the US are pretty reluctant or it’s just significantly much more expensive. And it’s just not feasible.

13:49
Yeah, exactly. Yeah, I just think that it’s a very outdated way of doing business and they don’t really want anything to do with you until you’re established. Like now I can probably come into a place in New York City and be like, hey, this is how much money I’m making. You know, let’s do business. Then it’ll take you seriously. But I don’t think that they will. Yeah, they’re not very welcoming to newcomers and they don’t really want to deal with you.

14:16
Okay. And in terms, so you saw on your own website, in terms of setting all that up, would you consider yourself a technical person? I think you probably are, right, since you design stuff, but was getting the website stuff intimidating at all for you? To be honest, well, no, I think I was kind of one of those like children of the internet very much. Like the internet kind of raised me, I would say, as an only child. So I feel quite comfortable with that. I don’t know how to code, which is an important thing to know, but like I’m able to…

14:45
I have enough of a design sense to get the website together and make it look presentable, right? Now we have people that we work with that have really elevated our branding. Like now we work with a graphic designer and people who make renderings for us for the jewelry. So now it’s much more elevated and adult than it was before. But at the time it was fairly simple for me, I would say.

15:11
Would you say the jewelry is most of your business or like the bags and the accessories? I would say right now it’s kind of half and half. Okay. Honestly. Yeah. And why did you decide to move towards bags? It’s just part of the collection or the look or the style? I see the business as a platform for me to make whatever I want.

15:34
Um, honestly, yeah. So that’s kind of how I approach it. Like I wanted to make bags, so I’m going to make bags. And then I guess the next few things on my mind that I really want to get into are shoes and actually fragrances. So all of these elements are kind of building this wonderful little wholesome colorful world that I’ve been trying to create.

15:58
If you sell on Amazon or run any online business for that matter, the most important aspect of your long-term success will be your brand. And this is why I work with Steven Weigler and his team from Emerge Council to protect my brand over at Bumblebee Linens. Now what’s unique about Emerge Council is that Steve focuses his legal practice on e-commerce and provides strategic and legal representation to entrepreneurs to protect their IP. So for example, if you’ve ever been ripped off or knocked off on Amazon, then Steve can help you fight back and protect yourself.

16:26
Now, first and foremost, protecting our IP starts with a solid trademark and Emerge Council provides attorney-advised strategic trademark prosecution, both in the United States and abroad for a very low price. And furthermore, the students in my course have used Steve for copyrighting their designs, policing against counterfeits and knockoffs, agreements with co-founders and employees, website and social media policies, privacy policies, vendor agreements, brand registry, you name it. So if you need IP protection services, go to EmergeCouncil.com and get a free consult.

16:56
And if you tell Steve that I sent you, you’ll get a hundred dollar discount. That’s EMERGECONSCL.com. Now back to the show. And if you’ve ever seen Yulia, and I’ll post a picture obviously of Yulia, like when I saw you on Zoom, I was like, okay, you are like the brand. Yeah, yeah. It’s very much, all of the work comes from my heart. That’s for certain. It’s very impressive.

17:25
Let’s talk about marketing. do you generally, well, presumably you couldn’t go viral on Instagram all the time. So how do you, what are your main marketing mediums and how do you generate your business regularly? Yeah. So that’s a good question. And that’s been kind of changing, especially over the past year with the changes in iOS, we really did depend on advertising a lot too, to get new people in. We would focus on trying to make good and funny content.

17:53
And yeah, like it’s kind of like the luck of the draw. Like some of it, just recently posted a video. I would have never even thought that it would get 7 million views, but it did. Right. And we always are asking ourselves, like, how do we keep generating this type of response? Right. So that’s what we try to do on that front. 7 million views on which platform? Sorry. Oh, sorry. That was on TikTok. TikTok. Okay. I definitely want to talk about TikTok, but I’ll let you finish your thought.

18:21
Yeah, yeah. And we have depended a lot on advertising, like on Facebook and Instagram ads. But it’s becoming less relevant. in order to sell something on there, you either kind of have to start having like higher ticket items, which is also the reason we’ve moved to more like semi luxury kind of route with some of our more expensive styles of jewelry. So we’ve been advertising those on there. And then we have, you know, we do our email, of course, we

18:50
We also have an app as well, which has been a really great exercise in the world building as well. Okay. Can we just, I’m just curious about that. mean, most of the stores that I know who have an app are very large to warrant an app because it’s very hard to get people to sign on. is your, what has been your experience with your app? So the thing with the app is that we already have, I don’t think we would have a lot of success with the app.

19:19
having not had a community, but because we do, people do want to use it because that’s where we do our first release. So it’s almost kind of like a club that people can be part of. So what happens if we have a new item is that we do an early release on Thursday for the item, and then we do a web release on Friday. So it’s kind of like first dibs for the true fans that care. Get to buy it on the app. Yeah.

19:49
How many new designs do you put out on a regular basis? Oh, so that’s, um, it has been growing each year. So I actually design everything in the store. Um, we’re hoping to do probably like 50 designs this year. Okay. Wow. Nice. Yeah. Last year we had maybe closer to something like 20. Yeah, that sounds about right.

20:19
So I want to talk a little bit about your ads before we move on to like the organic stuff. What would one of your, like take your highest performing Facebook ad, what did that look like? So first we had a very interesting situation where we, whenever we would advertise something, what would happen is that we really start super well, would sell really well for like a week and then would fizzle out. But sometimes we have like one product or two that just are in a way,

20:49
kind of evergreen. And the product that has been forming well for us has been this bag that looks like a binder clip. Yes. Thanks. Yeah. So that one really, for some reason, keeps performing. And I think that’s because that like the product has just so much massive fielders, like almost everyone that I talked to is like, oh yeah, I used to put binder clips on my Barbies and they could wear the purses. I think figuring out like,

21:18
how to strike that balance between creative and really relatable, I think probably is what helps us have more of those evergreen results. I think for your stuff, mean, it’s almost like a picture would just sell the product itself. You wouldn’t have to do anything fancy on Facebook, Were any of your ads like elaborate video ads or? Anytime we’ve tried doing something elaborate, it just…

21:45
flopped, honestly, like we had actually, tried to do this whole stop motion campaign that we put so much effort into, no one cared. And I think that’s just more the result. if that’s a, because of the short attention span we all have when scrolling, think, I think that’s kind of been like my, kind of big, uh, I’ve been upset about it because it’s also affected the way that we make art because you have to make things that are super consumable.

22:15
And it’s a shame. It’s a shame. I feel that way about writing today. Like Google, if you want to rank, they want just the facts. If you tell a story, it actually hurts you sometimes, you know? Yeah, like I feel like if it’s not like a listicle style, like points type thing, people won’t read it. And it’s just it’s a sign of our time. Yes. OK, so I see the nature of your products. And again, if anyone’s listening to this, just go check out the products. They’re all very unique.

22:44
So if you just saw them in your feed, you’d probably just stop scrolling even if there was just a picture of the product. Okay, so let’s move on to TikTok actually. Actually, I you to compare TikTok versus Instagram, first of all. Like if you were to start over again today, which one would you start with if you were starting completely from scratch? Well, I guess that has to do with the history plays a bigger role in this, right? Like in 2017, it was awesome. Now,

23:13
It kind of sucks. wouldn’t try to, if I was starting a business now, especially if it’s something kind of fun and creative or something that you can maybe even make educational content about where you can explain how things work, TikTok all the way. And what I would do is I would still make an Instagram account. I I would repost everything that I make on my TikTok, post it to Instagram, make sure that you link your Instagram into, there’s like an Instagram button.

23:41
that is in your like about section of your TikTok, link it there. And that’s how I’ve been funneling followers from my TikToks to my Instagram because I will never get 7 million views on a video on Instagram. It’s just not gonna happen. But on TikTok it’s possible. And we’re still kind of in that place where it’s a young and hip platform and they haven’t completely shifted their business plans to sucking out all the money that they possibly can like they have on Facebook.

24:11
and on Instagram from their users. So yeah, I would definitely be on TikTok. And there’s also much stronger communities on there. I’ve been really disappointed with what’s been going on with Instagram as a platform. They’re really not concerned about their users in my humble opinion. I mean, it’s been like that for years. I’ve been burned by Facebook almost every single year with something. Like I started out with pages.

24:39
Then they nerf pages, then it was groups, they nerf groups, then it was messenger, they nerf messenger. I think I’ve learned my lesson at this point. Yeah, I don’t love it. don’t love it. TikTok is a fun place to be and I think the community aspect of it has been what keeps people there. I am curious though, why do you link your TikTok account to your Instagram and not to your site? Oh, there is a link to my site as well. Oh, yeah. there’s like,

25:07
a button that basically appears with the Instagram logo. You can link to YouTube too, think. Yeah. Probably. Yeah. Yeah. That makes sense. Okay. So how, how do you go viral on TikTok? It’s a million dollar question here. Yeah. Yeah. So I think the important part is to, uh, part like take time to look at the content on there and be kind of disciplined about what you’re liking. So you get the content that you

25:36
actually want to see and you train your algorithm and then you get into a place on TikTok where like, you’re like, you’re really enjoying all of it. So on my feed, what I get, I get a lot of art. I get a lot of like, just like comedic kind of skits and cat videos. So what I do then is I keep scrolling until I find a trend that’s funny. So there was one video that I made recently.

26:03
where I’m kind of making fun of myself, me walking into the studio the first day of the new year. And I’m like, I’m going to be making more things that look like other things. And there was kind of a trend, like under that soundbite that I use, because that’s what TikTok is all about is these like soundbites. And then you make your skit or your joke or your content over that soundbite. the trend, original trend was like people taking

26:32
mental health walks on the first day of the new year because they had to, not even the new year in the winter because they had to. And there was this kind of like funny music in the background. I know this probably sounds all kind of cryptic. does if you’re on TikTok. If you’re on TikTok, I’m actually following you here. Okay, you’re following me? Yeah. Yeah. So I really do recommend just get on the platform and look at the content and don’t be discouraged if maybe you’re older because like there’s

27:01
Lots of wonderful, there’s doctors on there making content about things. Like don’t get too discouraged. So can we just kind of talk about your overall strategy? First of all, do you do your TikToks all yourself or do you have someone on your team help you with it? So for part of the time I have someone on my team help me with some of it because making content all the time is kind of exhausting. But I think out of everyone in the company, because it is

27:29
my vision, sometimes I do make the ones that really fit. I do my best to make them. But yeah, I basically just try, look at trends, I see what’s funny. And then I try to make my studio called version of that trend. And that’s what works best. And what is the frequency that you post? So it took us a little while to be consistent, but what we’re working to is posting at least like five times a week. We post almost every day on

27:57
Instagram, but now we’ve started focusing more of our efforts to switch over to TikTok as our main platform. So the goal is like five times a week, but right now we probably do like three times a week. All right. And so for those three times, do you just have like this running list of ideas kind of written down somewhere so you can kind of pump them out? Yeah. So we have meetings every Monday and we talk about like, you know, everything going on in the business and we have a social media section, then we’ll kind of

28:26
bounce around ideas and we have someone on our team that’s part of Gen Z. So she’s even more plugged in than I am. And she presents us all these ideas of what to do and what she thinks is funny. So that really helps. you film everything using the app or do you film externally? I’ve actually, yeah, just done everything in the app. Okay. And if you were to just systematize this process, there a way you would describe your TikTok strategy?

28:56
Yeah, I think, like I said before, I think the easiest thing to do because it’s kind of intimidating looking at a blank canvas and like, okay, well now what? Find something that you find hilarious. Like you will scroll, you’re like, ha, that’s wonderful. How do I model my behavior on this and make the video and post it? Because a lot of the work is kind of done for you with the trend because there’s kind of a formula, almost kind of like a Mad Libs style, but like in video, right?

29:25
You follow that format and you make the video and sometimes it’ll flop but then sometimes it’ll take off and you never quite know. I still after five years of doing all this crazy social media stuff that I’ve been doing, I still can’t ever really tell when something’s going to be a success. You just have to try. And then in terms of people finding your brand, like you don’t really explicit mention your URL or anything like that, right? People just look at your bio and find the stuff.

29:51
Yeah, I think this is also another interesting talk about I think the age of grow marketing is over. And like by that I mean just like the really hard sell the pushing like the shop now like that kind of language. It’s not people don’t like it and people are very aware of it even more so like kids now are so smart. They don’t like being pushed to right.

30:19
So like if someone sees something that they like, trust me, they’ll go and look at your bio is like the first thing we try not to do like, kind of like these like hard sell language style things. Yeah, I noticed none of the product TikToks even mentioned anything. They just kind of demonstrate the product sometimes and that’s it. And then if you’re interested in it, you’ll go to the bio and find the product or they’ll Google it.

30:46
Yeah, right. Yeah, people people it’s very easy to find. It’s almost kind of a common sense like, oh, yeah, this tick tock makes jewelry. It’s pretty clear that this is like some sort of shop. So we almost don’t even have to like tell these things because you know where to find the link. It’s going to be in the bio. You know, in case you guys are listening to this episode, I mean, the easiest way to it’s really hard to describe this stuff in words on the podcast. So the easiest way is just head on over to the studio called Tick Tock and just see what you’ll he has been putting out.

31:16
Can we talk about Instagram briefly? You mentioned you used to post a lot. What is your Instagram strategy? So I think Instagram, what we’ve been trying to do is encourage any type of engagement as much as possible. So I think things that really work on there still are like, let’s say that we have a ring and then we have six different like styles of like colors or

31:46
stones or treatments to the thing. And then we’ll ask the audience, which one do you like the most and why? And people love giving their opinion. like, it’s also like kind of collecting data as well. So it helps us to make better decisions as to what we should release and like what people are most excited about. But I think, asking people questions is great. And I think the stories are also a really wonderful way to get people to interact. Something that we really do focus on is being like,

32:14
almost in a similar way to the post I just described, be like, hey, what do you think of this? Or even like sometimes we’ll be like, how are you doing today? And people will just tell us. We don’t know why, but they like sharing it with us. we kind of have like this, I don’t know, I guess it is kind of like a parasocial relationship in a way, but it’s kind of like people feel comfortable telling us their opinion because it’s kind of like this hodgepodge group of like weirdos and artists and outcasts that are all passionate about.

32:43
things that look like other things. I know I said a lot right there, but you’ll understand when you see the stuff and why people would be compelled to talk about it. I think that there are just a lot of design nerds who wanna discuss their opinions on designs that we There’s actually a lot of nostalgic value in the products that you make actually. Yeah, yeah. I’m pretty sure I’m older than you, but I actually can relate to a lot of your products. I mean…

33:12
Yeah, they kind of speak to me. And maybe that’s what is causing people to just kind of reply. So can you just give me an idea of how often you post on Instagram and stories also? We try to post every day during business days. I think we kind of take a break on Sundays or I might throw something up, but I have someone on my team, the Gen Z girl, she’s been starting to take over and I’ve been giving her some responsibilities of.

33:40
You know, I think it’s time for me to pass the baton. I’m starting to see myself aging and just not being as with it as before. So you mean like one story a day or one post a day or both? One story? so stories will post like a few. Usually they’re like a sequence of thoughts or views of a product. It kind of depends on what we have. But you can kind of think of stories as a really great way to

34:08
like post questions, show behind the scenes, we usually, I don’t know, maybe like four or five slides, I guess you can say, individual stories, and then posts usually one a day. If there’s something exciting happening, maybe two a day. You mentioned you’ve built a community. When you describe this community, is it through Instagram or do you actually have like a Facebook group or some community? It’s mostly through Instagram, and I think it’s

34:37
It’s a loose community. Like we don’t have like a Facebook group per se. But I think what defines our community is the interest in objects is the best way that I can describe it. The people that are our fans really appreciate well-made, funny, clever, funny kind of visual puns. And I think that’s a very specific niche of

35:07
audience. I noticed that you’ve been featured in number of magazines or websites like BuzzFeed and all that. How did you get those features? Sometimes it’s random, but we did start working with a PR firm that’s helped us a lot, especially with celebrity placement. I would say it’s something while it definitely put a lot of feathers in our head, I wouldn’t I don’t think that press has really helped us a lot with sales.

35:37
It helps a lot with trust, but it doesn’t help a lot. Like just because a celebrity wears something, it definitely doesn’t mean that you’re gonna get, you know, hundreds of sales the next day. Interesting. Do they not post, if they post on their Instagram, you probably would though, right? If they tag you sometimes. What’s kind of interesting that I’ve noticed, even with influencers, they might tag a product. A lot of them don’t have the ability to convert.

36:06
their followers into sales. And that’s something else that’s been, I kind of have a bone to pick with that whole industry because it’s, we get these like press kits from people all the time that are in the ones that want to work with us and they never add the metric that I care about the most is the conversion to sale. That’s That’s tough for them to do though. Yeah, but I guess like they could at least follow up and ask because like there are ways to

36:34
there are ways to track it, at least with like a custom discount code. know? Yep. I mean, what’s ironic is that that’s how you launched your pin, right? I mean, you had these influencers post your pin and that caused all these sales to happen overnight, right? I think what the difference between that and this situation is, is that was a niche community with like,

37:01
the general influencer. it’s like, like the pretty kind of alternative girl, let’s say. Like that right, right now is kind of like an archetype of influencer on the internet. Yeah, I know it’s really interesting to see that they, I think their fans love following them, but they might not necessarily be the best salespeople. Okay, that makes sense. I mean, so are you still using a PR firm today or, or was that in the past?

37:30
Oh, no, we still do. It’s definitely helpful to this day. I think it’s it’s something to do when you’re a little more established. I wouldn’t say it’s a huge. It doesn’t affect our sale as much as I thought it would. Interesting. So I know PR firms are pretty pricey. How do you justify the the outlay? How I justify it, I think how I see it is that

38:00
Especially when you have a business that’s online only, I think there’s so many people who have been burned by these drop shippers who are selling essentially garbage. Yeah. Yeah. And oftentimes they don’t even receive the product. Anything you can do to show like, Hey, no, we’re legitimate is, is very important to the trust of your business. So if you have a whole, you know, section on your site that says press.

38:30
know that must mean that you’re doing something right and you’re actually a safe place to shop. So that’s how we justify the calls.

38:39
I just wanted to let you know that tickets for the 2022 Seller Summit are now on sale over at sellersummit.com. Now, what is the Seller Summit? It is the conference that I hold every year that specifically targets e-commerce entrepreneurs selling physical products online. And not like other events that focus on inspirational stories and high-level BS, mine is a curriculum-based conference where you will leave with practical and actionable strategies specifically for an e-commerce business. And in fact, every speaker that I invite

39:06
is deep in the trenches of their own e-commerce business. Entrepreneurs who are importing large quantities of physical goods and not some high-level guys who are overseeing their companies at 50,000 feet. The other thing I can assure you is that the seller summit will be small and intimate. Every year we cut out ticket sales at around 200 people, so tickets will sell out fast and in fact we sell out every single year many months in advance. Now if you’re an e-commerce entrepreneur making over 250k or $1 million per year in revenue,

39:33
We are also offering an exclusive mastermind experience with other top sellers. Now the Seller Summit is going to be held in Fort Lauderdale, Florida from May 4th to May 6th. And as of right now, we’re almost already sold out of mastermind tickets and we’ll be raising the price every month leading up to the event after Cyber Monday. For more information, go to sellerssummit.com. Once again, that’s sellerssummit.com or just Google it. Now back to the show.

39:59
I guess the question is, once you have certain amounts, like we’ve been in all these magazines for weddings, and if we were using a PR firm, we have enough, we can list those logos on our site. And at that point, if the additional press isn’t generating sales, and you already have the credibility, then what else are you expecting from the PR firm? Do you have a set of metrics that you actually work with your PR firm to make sure you hit?

40:29
Um, I think they, how do they quantify it? Um, I’ll have to look into like the numbers later, but basically what they do is they, um, give you a fit, like based on a certain placement, they will give you a figure of what that placement is worth in dollars. Had you had had to like pay to be in there instead of being selected. Cause essentially what happens with, uh, with a PR firm, you will give them your product and they will do their very best to try to place it on celebrities or.

40:59
send it out to writers and hope that they like it. And they’re able to provide you the service because the people that work at the PR firm have, like the individuals usually have relationships with all these people and outlets and stuff. So that’s how they quantify the value that they give you. So essentially they want to try to increase that, the theoretical dollar amount of what they have given you.

41:27
And it’s still worth it to us because what happens with PR is that like, let’s say you’re in a showroom for like six months and if you’re, then you have like stylists come in and they’ll pull pieces from you. And then they’ll start to kind of develop a relationship with your brand where they’ll like come in and the next six months and they’ll ask like what’s new. So I think for us, it’s still a relationship that we’re trying to grow.

41:57
because we’ve been with our pure firm for one year now and they’ve done like really cool stuff for us. Like we got our earrings on Halsey. That was like one of the big things. Yeah. We got our earrings on Carol G. Like, so like they’re giving us some like serious, you know, placement of really cool. It’s, and it’s the more feathers in the hat that we can get the better. But I also think that it’s kind of a long haul relationship.

42:26
as opposed to like, oh yeah, like spend money on advertising and see what happens. I think it’s a little more complex than that. Cause we’ve also gotten a lot of findings from working with the PR agency too. Like we get feedback from stylists and then we’re able to make decisions based on that to improve it so that more of our pieces are pulled. So it’s actually like, it’s a kind of a complex relationship that’s.

42:52
Yeah, it’s more like a long-term play. And you can actually brag about these press messages also, which leads to content for everything also, right? Exactly. Yeah, it is beneficial. It’s not as… The returns aren’t immediate, but it has already made us… It’s elevated our brand completely. Right. I mean, they’re not easily quantifiable, like running an ad, for example. I’m just curious about ads. Are you doing any Google ads at all?

43:22
We’ve tried, but I think that our stuff is just so like off beat that it’s not something that people are looking for. You know, I think if you’re looking for like, I have a friend who has a business and they make kind of like Gothic alternative, like imagine crosses and like spiky stuff. Uh, right now that’s really trending. So I think they’re having a good time with, uh, Google ads, but we’ve tried it personally doesn’t work for us, but I think we’re an outlier in that.

43:51
Maybe not. mean I think for jewelry and accessories those keywords are just really expensive Right. Yeah, that’s true. I was just kind of curious. Yeah, how are you doing fulfillment? Do you have a warehouse or we yeah, we use a third party fulfillment service and Yeah, we’ve been with them for the past. I don’t know three years and they’ve been great And is that is your 3pl local or is it somewhere in the middle of the US? They’re actually local. Yeah, they’re in New Jersey. Nice. Okay. Have you ever had to go over and

44:21
and visit or? Yeah, yeah, that’s kind of what’s nice. I can go there, I can see what’s going on. Sometimes I stop by and just check on the stock to see if everything looks great. So that’s the benefit. All right, so here, I just want to kind of end this interview with some rapid fire questions. These are like the common questions I always get asked for anyone who wants to get started in this. What were some of your biggest challenges in just getting started with e-commerce?

44:46
Um, yeah, that’s a good question. I think it’s, there’s just so many variables. Uh, like there’s, it’s, it’s almost kind of like what I said before, like when you’re looking at a blank page, it’s almost like you don’t even know where to begin. I think, uh, establishing a proper strategy and finding something that is worth making, finding that gap, I think is what is going to define the success of the rest of your business.

45:16
because it’s, I think you really need to be providing something of value. And without that important part, everything else is gonna either fall apart or not work well or, know, it’s not gonna be fruitful. I mean, one thing I wanted to ask you is why did your tea kettle business fail? So it was with, cause I used to sell them on Amazon. It was so expensive to advertise. There are so many fees and I’m just not

45:45
the number crunchy kind of business person. think Amazon, if someone really wants to focus on Amazon as a business, I think like you need to be kind of like, like that guy that loves spreadsheets. I don’t. I know that I have good ideas and I can sell them, but Amazon was just way too stifling for me. would almost kind of compare it. So I kind of felt like I was back in my architecture office and like, this isn’t an improvement in my life at all.

46:12
Well, I mean, you’re an artist at heart. I can already tell just from talking to you for the limited time we’ve spoken. So how much money did you risk to start your jewelry business? Yeah. So it’s the second when I started this one, I started with five hundred to like eight hundred dollars somewhere between there. Well, yeah, like I said before, my that only came after my first business where I sunk like ten grand into it. Sure. I mean, that ten grand, I mean, that

46:41
imagine was for product, right? Mostly? Yeah. OK. Right. Mostly product. How long did it take you to figure out what you were going to sell the second time around? Yeah. Well, so at the time, I took a break. I’m like, you know what? I’m going to spend two months and just focus on this passion product of mine. So I think like two months, like day in and day out, like almost like nine to five, I spent researching this pin community.

47:10
Okay. And then once you figured out what you were going to do, how long did it take you to actually execute on that idea? So yeah, I was able to make the, you know, the drawings for the design myself. And that took maybe a couple of days, not very long, because the idea that having the concept, that’s the very important part. It has to be a good concept. The actual making of the drawing, which doesn’t take very much time at all. Right. that. Yeah.

47:39
The thinking is what takes the longest basically. Yes, yes. Understanding the prompt and creating the solution, that’s the key thing. And that took as long as it took me to research this community, Drawings took me about a couple of days. then finding a factory actually took me a while because I was trying to show this design to a few factories and they couldn’t make it because it was kind of complicated.

48:04
Yeah. But after like, I don’t know, we talking to 10 different places, I finally found someone that would do it. And then the production took about like a month and a half or so. Did you use Alibaba or sourcing agent? How did you end up finding your factory? Yeah, actually, I found them through Alibaba. Okay. terms of like the minimum order quantities, did you have to order a bunch or? It wasn’t. It wasn’t a huge amount. There is a minimum order quantity, which was I think 100 units, but that’s not bad.

48:34
Yeah, it wasn’t bad. You know, Julia, there’s going to be a lot of people listening to this that are going to be very inspired by your story. Question they’re all going to ask me to ask you is like, what sort of advice would you give them if they’re just kind of scared to get started? I mean, we’ve already kind of broken certain things down here. I mean, you didn’t spend a lot to start this second business, like less than a thousand bucks, right? And once you figure things out executing, it sounds like you had product in hand and maybe two months, we should say, maybe.

49:02
Yeah, it was fairly easy. It’s a simple product. It didn’t have many moving parts. It’s a very relatively straightforward thing to make. it’s for me, it took about like, think, two months to get everything together to a point. Yeah. So mean, given that you failed in one business or you decided to shut it down and then you found success with the second one, if you can just give some advice to the audience on, you know, how to avoid, I guess, failing that first time, what would you tell them?

49:30
What I would do differently and what I realized after the tea kettles, when I did the tea kettles, I felt like I was following a formula which is supposed to work. Like I felt like I’d gone through all this stuff to the course and like I made this tea kettle. But I think what I realized for me is that I wasn’t passionate about this tea kettle. I didn’t love it enough. And I also didn’t love like the style of business that I had to do.

49:59
with Amazon. So I think like really finding something that comes from your heart as corny as that sounds is super important because that’s really what gives the product that important amount of spice for it to be something that other people are crazy about. I think if that’s not there, running a business for me would be very dry and really hard, especially as someone who’s

50:29
not a number crunchy person. am an artist and I’m a designer and artists and designers are very capable of doing business. But I think if you are anything like me, really take time to build something that you are really in love with and you’ll nurture it. And it will be something really special and certainly really successful. Yeah, I mean, I’ll tell you why it’s important. Actually, what I find is like a lot of people, they kind of lose motivation. And really,

50:59
It’s hard to stay motivated when you’re doing something that’s hard. And if you’re really into what you’re doing, it’s much easier to follow through. Yeah, yeah. I think in general, when you teach e-commerce, you always have to have some sort of guidelines to follow. But really, the best way to be successful is to just find your own way. Follow the guidelines to a certain extent, but then feel free to just veer away from the guidelines and make it your own. That’s just the best way to be successful.

51:28
I in the long run. that and like really listening to what your gut is telling you because I knew when things weren’t working and I did them anyway because I thought I was supposed to because you know, this is e-commerce TM. I knew like inside of me before the failure even happened that it probably wouldn’t have worked and I ignored it because I was being almost too cerebral. Right. Yeah. So Julia, where can people find you online?

51:55
if they have any questions for you about your business or if they’re interested in the cool products that you sell. By the way, if you guys are listening to this, go check out the products. They’re really cool and unique. That’s all I had to say. I’ll leave it there. Yeah. Yeah. No, it’s, it’s, it’s a treat. Even if you don’t want to buy anything, it’s, it’s fun to see, but yeah, you can find us on our website, studio cult.co and that’s the same thing for our Instagram. It’s studio cult.co and our TikTok is just studio cult. So you can find all of our

52:25
fun stuff on there. Yeah. And if they ask you how your day is and you respond, they’ll respond back. Yeah. Yeah. Oh, feel free to DM or, um, yeah, we also have an email. You can reach out to that. Hello at studio.co. Cool. Well, Julia, it was a pleasure speaking with you. mean, it’s always great to see students in the class so successful and I’m pretty sure you’re, you’re going to do really well and grow a lot in 2022. Yeah. No, I owe a lot of my success to digging your course. Honestly, I really recommend it. Thanks a lot.

52:55
coming on. Thank you. Take care.

52:59
Hope you enjoyed that episode and remember, I’m going to be bringing on a different student every week to talk about their businesses for the entire month. And all these students started from complete scratch with little to no experience. For more information about this episode, go to mywifecoupterjob.com slash episode 394. And once again, I want to thank Clavio, which is my email marketing platform of choice for e-commerce merchants. You can easily put together automated flows like an abandoned card sequence, a post purchase flow, a win back campaign. Basically all these sequences that will make you money on autopilot.

53:29
So heading over to mywifequitterjob.com slash KLAVIYO. Once again, that’s mywifequitterjob.com slash KLAVIYO. I also want to thank Postscript, which is my SMS marketing platform of choice for e-commerce. With a few clicks of a button, you can easily segment and send targeted text messages to your client base. SMS is the next big own marketing platform and you can sign up for free over at postscript.io slash div. That’s P-O-S-T-S-U-I-P-T dot I-O slash div. Now I talk about how I use these tools on my blog.

53:59
And if you are interested in starting your own eCommerce store, head on over to mywifequitterjob.com and sign up for my free six day mini course. Just type in your email and I’ll send you the course right away. Thanks for listening.

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Ready To Get Serious About Starting An Online Business?


If you are really considering starting your own online business, then you have to check out my free mini course on How To Create A Niche Online Store In 5 Easy Steps.

In this 6 day mini course, I reveal the steps that my wife and I took to earn 100 thousand dollars in the span of just a year. Best of all, it's absolutely free!

393: The Real Reason People Fail At Business (And What To Do About It) With Steve Chou

393: The Real Reasons People Fail At Business (And What To Do About It) With Steve Chou

Today I’m going solo to announce some new and exciting episodes for the podcast.

For the next 4 weeks, I will bring on successful students in my course to talk about how they started an online business from scratch with no experience.

And to kick off this series, I start by enumerating the common character traits of my successful students. Here’s what I found.

What You’ll Learn

  • What sets the successful students apart from the ones who fail
  • The most important aspect of running an online business
  • The character traits found in most successful entrepreneurs

Other Resources And Books

Sponsors

Postscript.io – Postscript.io is the SMS marketing platform that I personally use for my ecommerce store. Postscript specializes in ecommerce and is by far the simplest and easiest text message marketing platform that I’ve used and it’s reasonably priced. Click here and try Postscript for FREE.
Postscript.io

Klaviyo.com – Klaviyo is the email marketing platform that I personally use for my ecommerce store. Created specifically for ecommerce, it is the best email marketing provider that I’ve used to date. Click here and try Klaviyo for FREE.
Klaviyo

EmergeCounsel.com – EmergeCounsel is the service I use for trademarks and to get advice on any issue related to intellectual property protection. Click here and get $100 OFF by mentioning the My Wife Quit Her Job podcast.
Emerge Counsel

Transcript

00:00
You’re listening to the My Wife Could Her Job podcast, the place where I bring on successful bootstrap business owners and dig deep into what strategies they use to grow their businesses. Today, I’m doing a solo episode to announce something exciting that is taking place this month on the podcast. Now for the next four weeks, I’m gonna bring on successful students in my course, Making Six or Seven Figures Online, to talk about how they started an online business from scratch with no experience whatsoever. And to kick off student week, I’m gonna start off

00:28
by talking about the character traits of the successful students in my class. You’ll learn what sets the successful students apart from the ones who fail. But before we begin, I want to thank Klaviyo for sponsoring this episode. Now I’m super excited to talk about Klaviyo because they are the email marketing platform that I personally use for my e-commerce store and it depends on them for over 30 % of my revenue. Now you’re probably wondering why Klaviyo and not another provider. Well Klaviyo is the only email platform out there that is specifically built for e-commerce stores and here’s why it’s so powerful.

00:57
Klaviyo can track every single customer who is shopped in your store and exactly what they bought. So let’s say I want to send out an email to everyone who purchased a red hanky in the last week. Easy. Let’s say I want to set up a special autoresponder sequence to my customers depending on what they bought, piece of cake, and there’s full revenue tracking on every email sent. Klaviyo is the most powerful email platform that I’ve ever used, and you can try them for free over at klaviyo.com slash my wife. That’s K-L-A-V-I-Y-O dot com slash my wife.

01:26
I also want to thank Postscript for sponsoring this episode. Now, if you run an e-commerce business of any kind, you know how important it is to own your own customer contact list. And this is why I focus a significant amount of my efforts on SMS marketing. SMS, or text message marketing, is already a top five revenue source for my e-commerce store. And I couldn’t have done it without Postscript, which is my text message provider. Now, why did I choose Postscript? It’s because they specialize in e-commerce, and e-commerce is their primary focus.

01:53
Not only is it easy to use, but you can quickly segment your audience based on your exact sales data and implement automated flows like an abandoned cart at the push of a button. Not only that, it’s price well too and SMS is the perfect way to engage with your customers. So head on over to postscript.io slash Steve and try it for free. That’s P-O-S-T-S-C-I-P-T dot I-O slash Steve. And then finally, I wanted to mention my other podcast that I run with my partner Tony. And unlike this podcast where I interview successful entrepreneurs in e-commerce,

02:22
the Profitable Audience Podcast covers all things related to content creation and building an audience. No topic is off the table and we tell like how it is in a raw and entertaining way. So be sure to check out the Profitable Audience Podcast on your favorite podcast app. Now onto the show.

02:44
Welcome to the My Wife, Quitter, Job podcast. Now for this entire month, you are in for a real treat. Every single week, you will hear from a different student in my Create a Profitable Online Store course that is making six or seven figures online. And none of these students had ever started an e-commerce business before. They all started from complete scratch with little to no experience and they now run successful online store brands. But before you listen to those episodes, which are coming up this month,

03:12
I thought it would be an interesting exercise to analyze what sets the successful students apart in my class. What makes one student more successful versus another? Now in the past 10 years, well over 5,000 students have joined my Create a Profile online store course, but I want to be straight up with you. Not everyone who has signed up has been successful with their e-commerce business. Now when it comes to being a successful entrepreneur, the biggest variable in the equation is always you.

03:41
Do you have the necessary motivation and drive to succeed? And do you have the persistence to push through the initial learning curve? And do you have an open mind for learning? Now, after teaching my class for over a decade now, I found that the most important aspect of running an online business is execution and persistence. Can you carry out what needs to be done? And do you bulk at the first sign of adversity? So in this episode,

04:07
I want to talk about some of the patterns that I’ve noticed with the students in my class who’ve done well. And I also want to point out some common pitfalls with students who have failed. Now, a couple of years ago, I conducted a survey of the students in my class, and here’s a snapshot of the data. Of the students who have been in my class for at least a year and launched a product, 56 % are generating at least four figures per month, and 9%, almost 10%, are doing over $50,000 a month in revenue. Now,

04:35
While these statistics are pretty impressive by online core standards, the real question is what is happening to the other 44 %? And why are there so many students not making much money? So in this episode, I’ll give you my take on what the successful students in my class are doing versus what the failing students are not. And hopefully this analysis will set the proper expectations for those who are thinking about starting an online business or quitting their existing job. So the first trait is that successful students

05:03
don’t sit around waiting for traffic to magically appear. Now, in any given group of students, there’s always those who refuse to spend any money or do any additional legwork after their store or product has launched. They come into the class with the grand vision that they’ll start ranking immediately in the search engines within a month, and then traffic and sales will be free flowing like water. Now these students usually start out very diligently by finding a pretty good niche, acquiring vendors, and even putting up a decent looking website or an Amazon listing.

05:32
But then they launch and they refuse to spend any more money or do any additional marketing because they’re waiting for the magical Google Amazon traffic spigot to open up. And what usually happens next is that they’ll waste time rearranging different parts of their site or doing other silly things that are irrelevant when they could be writing content, buying ads or Amazon ads, building backlinks, running giveaways, gathering emails, or doing some good old legwork.

05:59
And within a few weeks, they quickly become discouraged by their lack of sales and they start doubting themselves. Was this the right decision? Did I just waste all my time on a shop that generates no income? Meanwhile, it’s only been a couple of weeks and they haven’t really done anything proactive to build traffic to their site. Now here’s just a public service announcement to all new business owners. The launch of your product is just the beginning. After you launch is actually when the real work begins. And oftentimes you’ll either have to spend money to acquire traffic

06:29
or do some legwork to get customers in the door. And the legwork is the key. Early on with our online store, we did a combination of cold calling, form marketing, content marketing, PPC marketing, and funneling prospects from eBay to attract our earlier customers. And we started before Amazon FBA even existed. In fact, search engine traffic for our store was non-existent until about the six-month mark. And without our other efforts, we probably wouldn’t have generated many sales at all during the first six months.

06:59
Now, whenever I think of students who have done the legwork, I think of Abby Walker of VivienLiu.com. And this was an interview which I’ll link up in the show notes. And this is a student I interviewed a long time ago. You should check out her episode. But because of her persistence and tenacity, she designed her own website. She learned Facebook ads. She cold called vendors, flew across the country to give product pitches, and eventually ended up on the Home Shopping Network and Oprah Magazine. Now, the legwork is never glamorous, and it’s not always fun.

07:29
But early on, you need to do what you need to do to get customers in the door. The next trait is that successful students choose winnable niches. a large part of my class is devoted to helping students find the right niche, and there’s always a delicate balance when deciding what to sell online. On one end of the spectrum, you need to sell something that has sufficient demand, but on the other hand, the product category must not be too competitive or saturated. And I can’t tell you how many students sign up for my class with a preconceived notion of what they want to sell. But here’s the thing.

07:59
Even after running the numbers and realizing that selling t-shirts or jewelry is probably not the best idea, they go forward anyways. Now, I don’t want to say that’s impossible to succeed in a highly competitive niche. And if you know how to advertise well, you can make any niche work. However, it will be much more difficult and your timeframe to profitability will be significantly longer. The niche that you choose is important and picking the right product to sell will make things much easier for you in the long run. In fact,

08:27
I wouldn’t even consider launching a product of any kind without running a quantitative analysis of my potential profitability. It’s not a guessing game. There is a science behind choosing the right product. And the best students in my class spend a good amount of time carefully researching their niche before they fully commit. And they find alternate ways to test their products before spending a large sum of money. Now, even though they’re anxious to jump straight into the implementation phase, they take their time to make sure that this first crucial step is done correctly.

08:56
Not only that, but the best students in my class make sure they can provide a unique value proposition which makes their shop stand out among the competition. Successful students also take action. Now, the majority of my unsuccessful students never get past the starting line. In fact, I hesitate to say that these students failed because you can’t really fail unless you’ve given something an honest try. Now, the most common symptom among brand new students is analysis paralysis. They get so hung up in the research process that they never take.

09:26
action and believe it or not, engineering majors are actually the most susceptible to this because they expect to have all the hard answers before they begin. Hey Steve, is this product gonna be a winner? Steve, can you guarantee that this is gonna work? And Steve, how much time is it gonna take for me to break 100K? Well, in business and life, there are never definite answers. You can do all the research that you want, but you’ll never know whether something’s gonna sell until you throw it up and try to sell it. And the best students in my class are comfortable

09:56
with taking action with imperfect information. They’re comfortable investing a small amount of money as a test just to see what works, and they’re willing to take a small leap of faith. My successful students always follow through. Now, this point is critical, and oftentimes the most difficult aspect of teaching my class. Now, as part of my class, I actually take the time to thoroughly critique a student’s site or Amazon listing before they go live, and oftentimes I’ll even redesign their entire website for them.

10:25
And the hope is that by providing early and actionable feedback, a student can avoid wasting time and money on PPC ads or other forms of marketing for a non-converting site. As far as I know, there’s no other class or online program out there that does this. And not only does it take a tremendous amount of my own personal time, but I also take a lot of pride in providing honest and actionable feedback. Anyway, there are times after a website critique where I notice that a student never ends up acting upon any of my feedback.

10:55
Now I’ll be the first to say that I’m not always 100 % correct, but I’m usually pretty close. And in general, it really frustrates me to see someone failing, even though I know that a couple of tweaks here and there could make a huge difference. Now running any online business is not a stagnant affair. And even after you’ve launched, you should be constantly tweaking your site and making small changes to improve conversions. And testing is the key. The people who fail are the ones who are not willing to make any major changes after launch. So don’t fall into this trap.

11:25
What defines a successful entrepreneur versus a failing entrepreneur is how you behave when things don’t go as planned. So failing entrepreneurs tend to wallow in self-pity at their lack of progress. Failing entrepreneurs tend to stay on the same path even though things are not working. And failing entrepreneurs feel helpless, make excuses, and play the victim card. Meanwhile, successful students take a step back, analyze what went wrong, and plot a different course of action.

11:55
Successful students also don’t get bogged down with the little details. Almost all my students who run successful companies have this uncanny knack for staying focused and not getting sidetracked by my new details. Now there’s a reason why this is very important trait. Not only could it quite possibly be the most important one, but it used to be and still is actually one of my greatest weaknesses. Now looking back, when I started my wedding linen store, I kept getting stuck on stupid, meaningless details. So for example, when I was working on the first iteration of my website,

12:25
I remember spending hours tweaking the look at the sidebar and header for my online store. I would move our logo 10 pixels to the right, make the sidebar just a little bit wider and move things all around. And after all that tweaking, everything still looked pretty much the same. And I wasted many hours that it could have been using to grow the business, especially in the early stages. Now, if you’ve taken my free six day mini course, you’ve probably seen me talk about various shopping carts like WooCommerce, Shopify and BigCommerce. And here’s what I come to realize.

12:55
Even though I’m still a huge proponent of owning your source code and having the flexibility of an open source platform like WooCommerce, most of you, and I would say 90 plus percent of you are probably better off using a fully hosted solution like Shopify or BigCommerce or Shift4Shop because the little details of site design can bog you down. Is your time better spent tweaking your site or formulating your sales plan? And good entrepreneurs know their priorities and will rarely waste time in any activity

13:24
that doesn’t directly affect their end goal. And speaking from experience, it’s all too easy to becoming gross in something that appears to be significant on the surface, but actually doesn’t matter at all. So you got to prioritize.

13:39
If you sell on Amazon or run any online business for that matter, the most important aspect of your long-term success will be your brand. And this is why I work with Steven Weigler and his team from Emerge Council to protect my brand over at Bumblebee Linens. Now what’s unique about Emerge Council is that Steve focuses his legal practice on e-commerce and provides strategic and legal representation to entrepreneurs to protect their IP. So for example, if you’ve ever been ripped off or knocked off on Amazon, then Steve can help you fight back and protect yourself.

14:08
Now, first and foremost, protecting our IP starts with a solid trademark and Emerge Council provides attorney-advised strategic trademark prosecution, both in the United States and abroad for a very low price. And furthermore, the students in my course have used Steve for copyrighting their designs, policing against counterfeits and knockoffs, agreements with co-founders and employees, website and social media policies, privacy policies, vendor agreements, brand registry, you name it. So if you need IP protection services, go to EmergeCouncil.com and get a free consult.

14:37
And if you tell Steve that I sent you, you’ll get a hundred dollar discount. That’s E-M-E-R-G-E-C-O-U-N-S-E-L.com. Now back to the show. Successful students also know when someone else can do the job better and faster. Now, one of the easiest traps to fall into is to try and do everything yourself, especially if you aren’t the right person for the job. Now, a lot of new students will often try to save money on a bootstrap budget, even if doing so is not in line with their goals. They don’t take into account the time aspect of their work.

15:07
and think strictly in terms of dollars. But the best entrepreneurs I know optimize their time for maximum throughput. They know what they’re good at and when to outsource. All right, confession time. Those of you who know me well know that I always try to do everything myself, even though I’m not the right person for the job. And I’ve been known to code up entire plugins on my own in order to avoid getting nickel and dimed with a monthly fee for a simple feature. So for example, I coded up my own review system instead of paying for a popular review service.

15:37
that would have cost me hundreds of dollars per month. But hear me out here. When I take on the task of doing something myself, I do so for the sake of learning, and I rarely have a strict timetable. In addition, because I teach a class on e-commerce, I feel like I must have detailed knowledge of everything that I teach. That’s why I always get my hands dirty. And in fact, what differentiates me from a lot of other teachers out there is that I actually do everything myself and know all the little details. But if you’re a brand new entrepreneur just starting out,

16:06
you need to consider the trade-offs of going cheap. When I first started out, I designed my own website, even though I knew nothing about web development or programming. And as a result of my lack of experience, I ended up spending a lot of time writing code that was probably already written by someone else before. I devoted many hours learning and struggling through something that I couldn’t easily hire someone else to do in a quarter of the time. Now, I don’t regret my decision to learn about web programming because I’m now self-sufficient when it comes to web design. But realistically,

16:35
My wife and I could have launched our store several months earlier had we hired someone just to do the job. So you got to figure out your timetable, your budget, and adjust accordingly. Now, successful students also know how to do the bare minimum just to get by. Now, if you’ve followed me for a while now, you probably know that I’m a lazy entrepreneur and you don’t need to be great at everything. And in fact, you don’t need to be an expert at anything unless it’s one of the core competencies of your business. Now, successful students are adept at learning

17:02
and doing just the right amount of research and work to get by and not an ounce more. Now going back to the web design analogy, you don’t need to reinvent the wheel in order to create a high converting website. 90 % of the features you need have already been written by someone else. You just need to do your due diligence and find the required bits and pieces to put it all together. So for example, before you even hire a developer to implement something custom, spend some time looking for a plugin that already does what you’re looking for. Personally, before I start any coding project,

17:31
I just do a bunch of Google searches to see what’s already out there. And I would say nine times out of 10, I can simply piece together and adapt existing code for my own needs. Great entrepreneurs don’t create anything from scratch unless they have to. Now this is another trait that I’ve noticed with successful students. They are excellent with people. Now going out of your way to help others is actually my favorite trait of my successful students. Now, I’m not sure if it’s just a coincidence.

17:56
but my most successful friends have gigantic networks of people who are always willing to help. And they’ve established these mutually beneficial relationships by helping each other out without expecting anything in return. In fact, I’ve never met a successful entrepreneur who also wasn’t an excellent people person. And it seems as though making friends and helping others just comes with the territory. And this is the main reason why I started my podcast. Now, as an engineer who likes to hide behind a computer screen,

18:23
Podcasting forces me to reach out and meet other entrepreneurs. And as a result, I get to talk to someone new and successful for a solid hour every single week. Now fostering lasting relationships is what I love about networking with new people, which is why I try to attend as many events as my wife will allow me to attend. And incidentally, it’s also why I started my own conference called The Seller Summit. By the way, tickets are on sale now and are going up in price every two weeks. We are almost sold out, so grab your ticket now.

18:52
But above all else, being a successful entrepreneur is about listening to other people’s problems and finding solutions. And great entrepreneurs just simply have a knack for fixing things. And the more people they can help, the more successful they become. Recently, I actually had a successful student, Maria, come on office hours to talk about how to avoid getting mind-effed with your business. And she’s helped out on a number of occasions as well with the class. I’m very appreciative of her time. And it’s no wonder that she’s running a successful e-commerce business as well.

19:22
It’s just in her personality. Now the final trait I want to talk about is that successful students have an open mind. My best students are constantly learning. Now you’ve probably heard the story that the wealthiest entrepreneurs in the world read an insane number of books. So for example, Warren Buffett has been known to read between 600 and a thousand pages per day and devotes about 80 % of each day to reading. Bill Gates reads about 50 books per year. Now I don’t read nearly as much as Warren Buffett or Bill Gates.

19:50
But one thing that I’ve learned from the great entrepreneurs of the world is to keep an open mind. After all, just because you’re successful today does not mean that it will last forever. And you have to be constantly evolving your business in order to stay relevant. My favorite example of this is with Netflix. Even though they obliterated Blockbuster and were killing it with their mail order DVD rental business, Reed Hastings made the tough decision to focus the business towards streaming video. Now in hindsight, this seemed like an obvious decision, but back in the day,

20:18
DVD rentals were still 99 % of their business. One of my favorite quotes of all time is from Andy Grove of Intel, who once said, only the paranoid survive. Now, if you’re stuck in your ways and unwilling to change, then someone will eventually overtake you. And the only way to change is to expose yourself to new and different ways of thinking. Now, based on all the character traits that I just talked about in this episode, do you have the character traits of a successful

20:47
e-commerce store owner. If so, then I really want you in my class. I love running my class, but sometimes I get frustrated when a student does not follow through. And what can I say? I’m just very passionate about making sure my students succeed because when they are successful, I’m successful. I talk about them. I brag about them, which always leads to more business. I want everyone to make money online. And I hate seeing someone give up when they are so close to the tipping point because sometimes it’s just a matter of time until things start clicking.

21:17
Sometimes it’s just a matter of time until search engine traffic or word of mouth kicks in. Now the main thing is that you need to set the proper expectations for yourself and your business. And making money online is not something that just happens overnight. It’s a marathon and not a sprint. So you need to give yourself the necessary runway to give things a fair shot. In any case, I encourage you to tune in for the next four weeks and enjoy student month on the My Wife, Quitter Job podcast. Hope you enjoy that episode.

21:46
Now one last thing that I wanted to mention is that no one was born with all these character traits and many of them are just naturally acquired over time. And once you see even a little bit of success, you’ll be inspired to continue on. For more information about this episode, go to mywifequitterjob.com slash episode 393. And once again, I want to thank Postscript, which is my SMS marketing platform of choice for e-commerce. With a few clicks of a button, you can easily segment and send targeted text messages to your client base.

22:14
SMS is the next big own marketing platform and you can sign up for free over at postgrip.io slash Steve. That’s P-O-S-T-S-E-R-I-P-T dot I-O slash Steve. I also want to thank Clavio, which is my email marketing platform of choice for e-commerce merchants. You can easily put together automated flows like an abandoned card sequence, a post purchase flow, a win back campaign, basically all these sequences that will make you money on autopilot. So head on over to mywifeclutterjob.com slash K-L-A-V-I-Y-O.

22:41
Once again, that’s mywifequitterjob.com slash KLA V I Y O. Now I talk about how I use these tools on my blog, and if you are interested in starting your own eCommerce store, head on over to mywifequitterjob.com and sign up for my free six day mini course. Just type in your email and they’ll send you the course right away. Thanks for listening.

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Ready To Get Serious About Starting An Online Business?


If you are really considering starting your own online business, then you have to check out my free mini course on How To Create A Niche Online Store In 5 Easy Steps.

In this 6 day mini course, I reveal the steps that my wife and I took to earn 100 thousand dollars in the span of just a year. Best of all, it's absolutely free!

392: Screw Apple! Timeless Facebook Ad Strategies That Always Work With Jordan Menard

392: Post Apple iOS Facebook Advertising Strategies That Work With Jordan Menard

Today I’m happy to have Jordan Menard on the show. Jordan is the founder of Motif Digital where he helps brands with their digital advertising. He’s run paid advertising for well known influencers like Robert Kiyosaki, Tai Lopez, Ian Locke, and many more.

In this episode, we discuss the most important aspect to running a successful ad campaign post Apple iOS 14.

What You’ll Learn

  • How Jordan got started in advertising and copywriting
  • How to create an effective ad by thinking in terms of angles
  • The most important component to a successful ad campaign that is Apple iOS proof

Other Resources And Books

Sponsors

Postscript.io – Postscript.io is the SMS marketing platform that I personally use for my ecommerce store. Postscript specializes in ecommerce and is by far the simplest and easiest text message marketing platform that I’ve used and it’s reasonably priced. Click here and try Postscript for FREE.
Postscript.io

Klaviyo.com – Klaviyo is the email marketing platform that I personally use for my ecommerce store. Created specifically for ecommerce, it is the best email marketing provider that I’ve used to date. Click here and try Klaviyo for FREE.
Klaviyo

EmergeCounsel.com – EmergeCounsel is the service I use for trademarks and to get advice on any issue related to intellectual property protection. Click here and get $100 OFF by mentioning the My Wife Quit Her Job podcast.
Emerge Counsel

Transcript

00:00
You’re listening to the My Wife Could Her Job podcast, the place where I bring on successful bootstrap business owners and delve deeply into the strategies they use to grow their businesses. And today I have an amazing guest on the show, Jordan Menard. And Jordan is the founder of Motive Digital, where he specializes in digital advertising for famous influencers like Robert Kiyosaki, Tai Lopez, Dan Lok, and more. And in this episode, we’re gonna talk about an evergreen strategy to scale an e-commerce brand with paid advertising. But before we begin, I wanna thank Postscript for sponsoring this episode.

00:29
Postscript is my SMS or text messaging provider that I use for e-commerce and it’s crushing it for me. I never thought that people would want marketing text messages, but it works. In fact, my tiny SMS list is performing on par with my email list, which is easily 10x bigger. Postscript specializes in text messages marketing for e-commerce and you can segment your audience just like email. It’s an inexpensive solution converts like crazy and you can try for free over at postscript.io slash Steve. That’s P-O-S-T-S-E-R-I-P-T dot I-O slash Steve.

00:58
I also want thank Klaviyo who is also a sponsor of show. Always excited to talk about Klaviyo because they’re the email marketing platform that I personally use for my e-commerce store and it depends on them for over 30 % of my revenue. Now you’re probably wondering why Klaviyo and not another provider. Well Klaviyo is the only email platform out there that is specifically built for e-commerce stores and here’s why it’s so powerful. Klaviyo can track every single customer who is shopping in your store and exactly what they bought. So let’s say I want to send out an email to everyone who purchased a red handkerchief in the last week. Easy.

01:26
Let’s say I want to set up a special autoresponder sequence to my customers, depending on what they bought, piece of cake, and there’s full revenue tracking on every single email sent. Klaviyo is the most powerful email platform that I’ve ever used. You can try them for free over at klaviyo.com slash my wife. That’s K-L-A-V-I-Y-O dot com slash my wife. And finally, I wanted to mention my other podcasts, which I released with my partner, Tony. And unlike this podcast, where I interviewed successful entrepreneurs in e-commerce, the profitable audience podcast,

01:54
covers all things related to content creation and building an audience. No topic is off the table and we tell like how it is in a raw and entertaining way. So be sure to check out the profitable audience podcast on your favorite podcast app. Now onto the show.

02:14
Welcome to the My Wife Could Her Job podcast. Today I’m happy to have Jordan Menard on the show. Jordan is someone who I met at Nick Shackelford’s Geek Out Event in San Diego, and I was very impressed with his talk. He is the founder of Motive Digital, where he helps brands with their digital advertising, and he’s run paid advertising for people like Robert Kiyosaki, Tai Lopez, Dan Lok, and many more. And he’s probably spent over $100 million in the past couple years alone.

02:39
And today we’re gonna talk about scaling e-commerce brands with paid advertising. And I guess the interview would not be complete unless we talked a little bit about Apple iOS 14. And with that, welcome to show Jordan, how you doing today? Great man, thanks for having me, how you doing? I’m doing pretty well. Congratulations on your nuptials. Thank you, thank you. Just got married to a woman way out of my league. So obviously you know I’m a good marketer.

03:07
Yes, obviously. Yes, clearly. Yeah, I think your wife was a geek out, right? Yes, she was. Oh, yeah. You married up man. You married up. Yeah, 100%. The benefits of being good at advertising yourself. So Jordan, give us the background story real quick and tell us how you got started with advertising copyrighting in the first place. Yeah, my background story is pretty interesting. Actually.

03:32
I had no idea what I wanted to do with my life. A lot of people, you know, when they’re kids, like they have that dream career or whatever. I most definitely did not have that. I had no idea what I wanted to do, but I was good at arguing with people. So I figured I might as well go be a lawyer. And so, you know, about two years into junior college, when I was getting ready to transfer, I was actually on the speech and debate team and was pretty successful.

03:58
And I had been offered a scholarship, a full ride to a couple schools, one being Southern Illinois University. And basically my whole life was like paved in front of me. Like I had a full like the path to law school and then placement after that was paved in front of me, but I hated it. Like I, I passionately like despised it. Like I just really did not like school. I’ve never liked school. I didn’t like what I was doing. I was good at it, but I didn’t like it.

04:28
And while I was in junior college, one of the ways that I was paying the bills was I was working, it was like this real estate website technology company. And they were down in Pacific beach. And it was like the worst job you can imagine. Like it was, it was like waking up super early, making like 150 cold calls a day. No lead list given to us at all. I just had to find everything on Google and I would basically call people and be like, Hey, it’s Jordan from

04:57
company, I noticed that the property search in your website wasn’t functioning. Are you aware of this? And I would just kind of weasel my way into pitching them either a home search widget or an actual website. And, know, at this point in my life, I was really aimless. I realized that I didn’t want to go be a lawyer and I realized I definitely didn’t want to keep doing what I was doing, but I always had a good work ethic. And, uh, my, dad taught me how to work hard for when I was a kid. And so one night I was at the office. It was late. I was the last person there.

05:26
And I had made 120 cold calls that day and I hadn’t gotten a deal. I was continuing to dial and I was just looking for real estate agents on Google. And I was on page like four or five of the SERPs and I saw an ad at the top. for the first time I had this epiphany. I don’t click on those, but the reason I’m seeing it is because other people do. So I clicked on it and I went to this crummy black and green landing page and

05:53
And then I realized as soon as I landed on the page, was like, oh my gosh, this guy’s doing exactly what I’m doing. But here I am like a schmuck crawling through page after page after page after page. And this guy’s just putting his stuff where everyone’s looking. And I was, I just had this moment where like, okay, I’m doing this, whatever this is, this is what I’m doing. And I, and from that moment kind of set out to really learn all my nads started with Google. Then I became an affiliate and

06:20
you know, was kind of the affiliate model was tough. didn’t have a lot of capital. I would have success and then things would go down. I’m doing some, some running some questionable offers that I eventually kind of was like, Hey, don’t, I’m ethically, I don’t want to do this. Like I want to, I want to find a way to do this in a way where I can tell my mom what I’m doing and you know, I bad. And,

06:44
That’s when I kind of got into the agency life. I became the director of marketing for a company called FranConnect in Carlsbad, California. And from there, one of my friends tagged me in a post and it was like this weird quiz, like showing how much you knew about Facebook ads. And I filled it out and it ended up actually being from consulting.com and Sam Ovens. And that’s where I became the director of user acquisition at consulting.com, moved to New York.

07:14
And that was the first time I scaled a Facebook ad account to like, you know, 30, 40, 50, 60,000 a day profitably. Um, and that’s kind of where I fell in love with scaling ads. And, uh, now, you know, now I run my own agency motif digital and the rest is history, as I said. Nice. So, you know, Jordan, I actually really enjoyed your talk at geek out mainly because you had a great answer for how to create effective ads. And specifically there were three words that you said on stage.

07:43
that I will never forget. Do you happen to remember what those three words were? No, I said there were so many words I said. It’s to narrow down to three. I’m sure everyone has had got different takeaways, but mine was thinking angles. Yes. And it’s actually something that’s really fundamentally changed the way I think about just advertising. So I want to kind of start by talking about that statement. First off, can you elaborate what it means and what your process is like for

08:12
Producing a creative. Yeah, man. I love that this is where the conversation’s going. I love angle creation. So let’s start with what an angle actually is. Sure. In my opinion, and I think a lot of people have different definitions for this, but in my opinion, an angle is a high level approach to a product or service centered around one pain point or one solution. So let’s say like for consulting.com, for example,

08:42
One of the angles that I came up with was how to become financially independent in 90 days. So the angle would be financial independence, right? And then the rest of the ad went around that. The angle is like a high level approach. So one of our clients, Vessi Footwear, incredible brand, one of the strongest brands I think in the marketplace right now in regards to e-comm, they have amazing shoes and they’re waterproof shoes.

09:11
So we’ll write ads about them being waterproof, but at one point we wanted to make an angle about how the shoes are vegan friendly. So the vegan friendly element became the angle. It’s the high level approach. So now not only are you buying shoes, but you’re buying shoes that are good for the world.

09:33
And that’s what an angle does. Angles have the power to make the purchase more than just the purchase of a good or a service and turn it into something bigger, something more meaningful. And so when I say think in angles and how I encourage all of our copywriters, all of our media buyers, really our whole team is come up with those high level approaches to the product. Because if you come up with good angles, the rest of the work is going to be going downhill.

10:03
So I teach a class on e-commerce and one thing that a lot of my students have problems with is coming up with these angles. So for example, I have a student that sells jewelry. So what is your process for coming up with different angles or even just the whole brainstorming process? Yeah, for sure. So it’s funny that we’re having this conversation today because yesterday I was literally just kind of reworking this process for our internal team. Perfect. All right. So

10:32
I think that there’s a few ways to do it. I think that the best marketers, they steal like artists, right? They don’t just sit there and what I call wait for rain, right? They don’t just sit there and be like, all right, I’m gonna come up with a great idea. That leads to a creative fatigue and it leads to a roadblock. Nine times out of 10, if you’re just being like, all right, I’m gonna go be creative. The pressure to be creative will mess with your head so intensely.

11:01
that you’re not going to get anything done. So what I encourage my people to do is steal like an artist, right? So one of the ways that we do that is we’ll go to, you know, go to Amazon and find your five biggest competitors. Okay. Right. People who are selling the, your same product and go look at their reviews, go to the five star reviews and go to the one star reviews. So first let’s start with the five star reviews. So,

11:30
In an ideal world, you’re gonna find three competitors, you’re gonna go to the five star reviews, you’re gonna copy five to seven five star reviews from each one of your three competitors. You’re gonna take all of them and go to like a word cloud generator and paste all of those five star reviews into the word cloud generator and generate a word cloud. And then look at some of the biggest words that come up.

11:58
And that’s a really good way to kind of figure out, what does my market want in regards to this type of product base? It takes out the guesswork and then do the same thing for the one-star reviews, where the five-star reviews are going to talk about the positive side of the angle. The one-star reviews are going to talk about the negative side of the angle, things that the product is not, things that the product defeats, things that your product is better than.

12:26
compared to the market. And so from there, you’re kind of going to get those springboards where you can kind of launch into whatever angle creation based around those word clouds. think the other thing to do is really, really stock Facebook ad library. Find your competitors. Love it. Yeah. See ads that are running and then kind of steal it and make it your own. Take those exact things, but do it your own way.

12:53
You know what’s great about this is I actually went through this exercise with a student in my class who sells soap, and it’s men’s soap, and then I found Dr. Squatch. I’m not sure if you’re familiar with that brand. Oh yes, legendary. But their ads really focused on the sex appeal aspect, which is something that she wasn’t doing. She was talking about, you know, she uses organic ingredients, it smells good and whatnot, but then Dr. Squatch, you watch one of those ads, and it’s all about like how your significant other, you know,

13:22
It’s basically sex appeal, which is like a much deeper thing than what she was trying to 100%. So one of one of the angles we came up with for that for Vessi that same brand, the headline was shoes so vegan, they wouldn’t hurt a fly. Nice. And that whole angle was about how when you buy sustainable clothing, you’re helping the world. And

13:51
We took something that is very innocuous, the purchase of a shoe and turn it into, hey, this helps the world. You’re contributing to making the world a better place. In the same way that Dr. Squatch takes soap and turns it into your love life will be more successful. That’s the power of the angle. I remember seeing some of those. I think I’ve seen some of them before. So the fact that they’re waterproof, I think maybe you displayed this ad on there, but

14:20
It was just like you just slapped on like all this dirt grime and food and then you just took like a watering can and the shoes instantly became new. Totally. So that angle compared to the vegan angle, like that part worked better on me than the vegan angle, I guess. So do you try to tackle different angles in one ad? No, never. So we’re very, I’m very, very big on this and it’s something that I’m talking with my copywriters about all the time.

14:50
You can talk about multiple benefits of the product, I guess, but I’m a really, really big believer in the angle is all about one thing. One single thing. If it’s waterproof, it’s all about how it’s waterproof. If it’s vegan, it’s all about how it’s vegan and helps the world be a better place. Save the animals. Whatever the angle is should focus on one single thing because I don’t believe that the audience really has that broad of an attention span.

15:18
You only have a chance to communicate one idea. And if you convolute it, the impact is way less. That makes sense. That makes sense. I guess it just also appeals to different people, right? Like certain people such as myself might not even care about the vegan aspect, but I care about the utility more. A hundred percent, right? And that’s what angles do, right? Angles that not everybody has the same angle, right? Angles are for specific people.

15:46
But that’s the point of it. It’s to go after a specific person. when we were running, so shout out to Nick Fisher, good buddy of mine. And now he runs a JEC, an agency as well. And we have a lot of collaborations together. He’s actually the guy that hired me at consulting.com. And so one of the things that we were doing at consulting.com is, know, scaling beyond 30 or 40,000 a day on Facebook’s pretty tricky.

16:14
Right. It’s one thing to get to five or 10 K a day. And then it’s another to get to 30 and then getting beyond 30 is quite hard. so we were, you know, questioning, okay, how do we solve this problem? How do we continue to scale when it feels like we’re maxing out? And one of the things that we started to look into was scaling globally. And we came across some research about cultural clusters and cultural clusters are the idea in psychology.

16:42
that different areas of the world will have different underlying values that they primarily value compared to somewhere else, right? Basically, different areas of the world care about different things. Makes sense. And so one of the things that we decided to do is like, okay, let’s test these angles, but let’s group these areas by these cultural clusters and see how they work. And wouldn’t you know it, different angles work better for different clusters, right? Different areas.

17:11
resonated better with different angles. And so to your point, like you said, you care about the utility most definitely, but maybe someone else cares about the vegan angle. And I want both those sales, right? I want both those sales. And so that’s what angles allow you to do. It allows you to speak directly to an audience and capture both parties. Whereas a general approach or a general ad would only get

17:40
you know, maybe even lose both. Would those different angles necessarily have to target different audiences though? So yes and no, right? Like they’re not mutually exclusive. You can have one angle that targets multiple audiences, but I would say, you know, you, you want to write angles that go out, that solve one specific problem. So multiple people could resonate with it. Uh, but you still want to address that one specific problem. If that makes sense. Sure.

18:08
I mean, since we’ve been talking about Bessie, like what are some of the angles that you use to market those waterproof shoes? So you mentioned doing the word cloud first and then you took the word cloud and you came up with different angles. I’m just kind of curious, like the process by which you came up with the angles from the keyword cloud. Sure. So things like sustainability, things like we’ll have an angle about quality, right? Like not even going after the waterproof element is hard, just going after the fact that they’re really high quality shoes. off, going off to the fact that they’re waterproof, that they’re

18:38
you know, really that’s that they lead the market in being the water, the waterproof shoe going after the fact that they’re really stylish, right? All of these, you know, people commenting how they love the styles, they love the colors, they love the flexibility, the breathability. All of these things are different angles that you can take when advertising your product. And then you factor in the green element as well, the vegan element as well. And that’s, you know, like five different angles. And then you can have multiple iterations of those angles.

19:09
If you sell on Amazon or run any online business for that matter, the most important aspect of your long-term success will be your brand. And this is why I work with Steven Weigler and his team from Emerge Council to protect my brand over at Bumblebee Linens. Now what’s unique about Emerge Council is that Steve focuses his legal practice on e-commerce and provides strategic and legal representation to entrepreneurs to protect their IP. So for example, if you’ve ever been ripped off or knocked off on Amazon, then Steve can help you fight back and protect yourself.

19:38
Now, first and foremost, protecting our IP starts with a solid trademark and Emerge Council provides attorney-advised strategic trademark prosecution, both in the United States and abroad for a very low price. And furthermore, the students in my course have used Steve for copyrighting their designs, policing against counterfeits and knockoffs, agreements with co-founders and employees, website and social media policies, privacy policies, vendor agreements, brand registry, you name it. So if you need IP protection services, go to EmergeCouncil.com and get a free consult.

20:07
And if you tell Steve that I sent you, you’ll get a hundred dollar discount. That’s E-M-E-R-G-E-C-O-U-N-S-E-L.com. Now back to the show. Iterations meaning just different ways to tell the story of that particular angle. Exactly. Okay. Exactly. You know, what’s funny is I’ve been watching a lot of old Apple commercials recently. And one of the ones that I just literally watched like a couple of days ago was this one where they were trying to sell the iPad and

20:37
You know, when I think of the iPad, like if I were to do this exercise as someone who doesn’t do this all the time, I was thinking, okay, great, an iPad lets you watch movies on the plane, it’s portable and all that stuff. But what Apple did is they created this really awesome commercial where it showed a bunch of parents, a set of parents using the iPad to keep their kids busy so they could do other things. But then, like the kids made this awesome movie for their grandparents. It was very touching. I actually started tearing up, which never happens.

21:06
And that angle was just amazing. It was beyond what, I mean, it almost didn’t even need to be the iPad that they were selling at that point. Right, exactly. Exactly. And Apple is so skilled at this. Their Super Bowl ad, the 1984 one, are you familiar with that? Yes, of course. It’s a classic. It’s a classic, right? That kind of changed the advertising game.

21:31
And if you look at that, you don’t even fully like, like to your point, you don’t even fully understand like, what is this selling? Like it’s not, it’s selling like a cultural shift or like it’s, it’s selling like independent thinking, breaking away from the cog of the machine. And I think that’s what good advertising really does. Like, so in my geek out presentation, I showed that Volkswagen ad.

21:58
Yes. Was responsible for causing the creative revolution in Madison Avenue. Now that ad in a time where people in the 50s and 60s were really selling cars based off status. If you buy this car, you’ll feel rich and you’ll get the girl and you’ll make more money and all this stuff.

22:19
And that was just the tried and true approach that was continually coming out of Madison Avenue to the point where people were actually starting to feel anxious about these ads. They’re like, man, I’ll never measure up to that, right? It was having an unintended consequence. And so when Bill Birnbach and his firm came up with this ad, it was so radically different than anything anyone had ever seen. It was just a picture of the bug, very small with an all gray background. And it said, think small.

22:49
And that ad was so controversial that the creative that made it flew back to Germany the day it was going to be released to avoid the blowback. And that ad completely changed the game, completely changed the game to the point where kids were cutting it out of magazines and pinning it on their wall. Right. It changed culture and the whole, the whole angle was think small, completely the opposite of what everyone was doing.

23:16
And I think that’s what really good angles do, right? Apple’s 1984 ad was about thinking independently. It was about thinking different, right? And that’s where their slogan comes from. And the Volkswagen ad in the sixties that started the creative revolution was about thinking small. It had nothing to do with the car, right? It was so much more than that. And I think that’s what really good ads do. Like you said, that Apple, that the iPad ad made you like emotional, right?

23:45
And like they say, like Eric Tauz at Shine On says, if you make them cry, you make them buy. So let me ask you this. mean, I guess it’s an art and a science, but how do you achieve that with your products? Like how would you achieve that same feeling with waterproof shoes, for example? Super difficult, right? Yeah. It’s super difficult. And I think one of the worst things that you can do is try to do that and execute it poorly.

24:13
You know what I mean? If you try to be deep, you’ll come across as like an edgy 14 year old. Definitely not the angle that you want to take, right? But a good example would be like what we did with the vegan element of it, right? Or another example. So one of our clients sells belts. The angle was the belt that wears in, not out. What does that mean? The belt that wears in, not out. okay. We spoke to the quality of the product.

24:42
But rather than saying this is a super high quality belt, it’ll last forever. We said it wears in, not out. It gets more comfortable as time goes on. Ah, got it. Right? So that’s coming from a high level approach. And that’s doing that think small type of thing, but understanding that it’s a belt, right? And so we stay true to the product. And I wish I had a better recipe for coming up with those clever headlines. All I can say is,

25:10
hire good people who are creative and encourage them to write a lot. And about less than 10 % of the time, they’re gonna come up with those great ideas. I guess what I’m trying to ask is how important is it to tap into the emotions as opposed to just like the benefits? I think that selling based off the benefits is the laziest thing that you can do, right? It’s the lowest hanging fruit.

25:39
Now, do we still talk about those benefits? Yeah, most definitely. But anything that we do, we want to try to tell a story and tap into the emotions. So for example, we sell, one of our clients sells shampoo and conditioner. Like the Dr. Squatch example, nothing really sexy about shampoo and conditioner. Now you can say, hey, this is the best shampoo all you want, but no one’s going to care about that. No one cares. They don’t care about the benefits of your product.

26:07
because every brand out there tells you that their product’s great. We’re desensitized to it. We go numb to it. So instead, we had a mom talk about how the damage to her hair from the big brand shampoos and conditioners, which are filled with chemicals, had ruined her confidence to the point that she didn’t even want to go out on date night with her husband anymore because her hair looks so frizzy, dry, brittle, and damaged. Dude, I love this.

26:33
once she found out about all natural shampoos and conditioners with things that can make their, know, restore the pH levels of their scalp, not only did her hair get better, but her confidence got better as well. And it, you know, the best part was her husband even noticed, man, your hair smells great. Right? And so we took a very basic product and instead of telling you about the benefits,

27:02
we showed you the benefits by telling a story of transformation. You know what’s funny about this story is like, since I was helping this student out, I was watching a lot of soap ads and a lot of the big brands like the Doves and what they don’t do a really good job of this at all. Yeah. And that’s, that’s, that’s the benefit of having a really, really strong brand. You don’t have to do as much work, but imagine if they did, right? Yeah. That’s what I was thinking.

27:31
Yeah. All right. So when you’re putting together an ad then, so we talked about, just mentioned that just focusing on the benefits, like is the lazy way to advertise when you’re thinking about angles though. Uh, so for that angle that you just said, uh, with, with the mom who didn’t want to go out anymore because her hair, she was ashamed to go out. That’s one angle, but that one angle can contain a lot of benefits encapsulated. Okay. are the primary emotions that you can tap into? So.

28:01
you know, really, I think like the life force eight kind of thinking pays off here. What is the life force eight for people listening who don’t know what that is? Yeah, so life force eight comes from cashvertising by Drew Whitman. And so I’ll just real quick go through them. Survival enjoyment of life life extension number one. Number two enjoyment of food and beverages. Number three, freedom from fear, pain, danger. Number four,

28:30
You know, like the Dr. Squatch ads, sexual companionship. Number five, comfortable living conditions. Six, to be superior, winning, keeping up with the Joneses, kind of like those old car ads from the 50s we talked about. Seven, care and protection of loved ones. Eight, social approval. Okay. Wow. You just whipped those out off the top of your head. We go through them a lot. It’s almost like you live and breathe this stuff. Yeah. It’s almost like I do this full time and this is my…

29:02
Okay, so with every ad that you create, do you try to tap into these? So it’s a good question. I think so, whether consciously or unconsciously, I think we do. If I’m training someone, and they’re asking me how do I create angles, I’m going to go through how we steal like an artist, how you do because in my opinion, good angles come from research, the most creative people are the people that do the most research and steal like artists.

29:29
But after that, you still got to put the pen to the paper, right? You still got to come up with the angle. And so I think if you’re struggling with it, start there. Come up with those things and speak to those things. And it can be a useful tool. It’s kind of like a fundamental tool, right? Maybe some of my copywriters don’t use that directly, but they do use it subconsciously. Yeah. So I think when it comes to the Life Force 8, like that’s where like the truth

29:58
creativity comes. So if you’re talking about like a new brand who has no prior data, would you suggest, like if you’re just new to advertising and you’re not necessarily really good at this, would you just kind of start focusing on the benefits first before thinking about the Life Force 8? The reason I would start with Life Force 8 is because how do you know that people care about your benefits? You don’t. You have no idea. Right? Now maybe you care about your benefits.

30:28
but you are not your customer. And so I think kind of tailing it to like, hey, let’s start with what our customer cares about. Let’s start with the things our customer truly cares about. in, people don’t care. If you’re selling belts, for example, people really don’t care about belts. That’s not something that they’re like passionate about, But getting a high quality product or

30:57
you know, having something that’s keeping up with the Joneses, if you want to say, right? Like having better fashion than the guy next to you. People definitely care about that. Right. Okay. So it’s almost essential actually. Yeah, it is. And it goes to the things that make us human and the things that make us buy like impulsively. And that’s what you want to drive for, right? Whereas if you tell me the benefits of your product, I can just be like, okay, cool. Sounds great.

31:26
But if you tell me how your product will get me what I intuitively, innately want, I’m going to buy your product, not for the benefits, but because it gets me what I want. Right. Right. And I guess there’s just different gradations, depending on the product, like something kind of saturated, like belts or shoes. I think you need to tap into that much more. sure. Yeah. Okay. For sure. But if you know, and I think some people have the luxury of, you know, they just

31:55
It’s their product is the it’s the only one in the market like like Tesla, right? Tesla doesn’t have to come up with a bunch of angles to sell their car like we were talking about before. Gas is 550 in California. That’s going to motivate a lot of people. Yeah, especially. You know what I mean? Yeah. But, you know, if you are selling belts, you got to figure out a way to stand out and angles like the belt that wears in, not out.

32:20
is a good way to kind of distinguish yourself in a competitive marketplace. Right. Okay. Gotcha. Okay. That makes a lot of sense. I know you probably have talked about iOS a bajillion times. I actually really liked your answer to that question when someone asked you about it. And your answer was, you know, if you have great creative, that kind of solves a lot of your problems. I also remember you saying that at the time, this is a while back, you said the ads were kind of sucking. Has it gotten better? Yeah. So

32:49
It is getting a little bit better. Let’s take a step back. think with iOS 14, I think a lot of people misunderstood what the actual problem is, right? A lot of people are like, oh, the attribution’s bad. The data is bad. Like, yeah, it is, but that’s not even the problem. That’s not even the real issue. The real issue is that there’s substantial signal loss.

33:17
from a very large portion of the user base and arguably the most valuable user base that is being pulled from Facebook. So Facebook has less data, less signals to go find buyers that are similar to the ones that already purchased your product than it used to. A simple way of saying this is the predictive element of the algorithm became much worse. The algorithm got dumber.

33:48
That’s the biggest problem. And the attribution and data issues are just layered on top of it. So I think that the attribution issues, there’s ways that you can kind of get around it. You can look at a last click analysis on Google Analytics. If you want to get like a pure last click idea of what Facebook is doing. And we do that all the time. We use Google Data Studio in every single account that we have.

34:17
But the predictive element of it has not been fixed. it getting better? Yeah, I think so. But anyone that says that they have a solution for it is lying. There really is no solution. Now there are things that you can do to mitigate the impact. The biggest thing that you can do is make really good creatives. Right? And that was what my point was, is that the most effective thing that you can do

34:43
to mitigate the iOS and now 15, which is gonna make it even worse, is to make new creative. New creative that really convinces people to buy without the extremely powerful predictive element of Facebook’s algorithm. I mean, you can mitigate the attribution angle so you can see how effective your ads are with third party tools, right? Does that imply then that you’re relying less on lookalikes?

35:12
and custom audiences? 100%. Okay. I can’t speak for everyone, but just speaking for myself, this is the worst I’ve seen lookalikes work. This is like the worst. We still try it and we still use it occasionally, but it’s the worst I’ve seen them. Remarketing sucks now. It’s nothing compared to what it used to. And I find myself majority,

35:40
you mostly running to broad, no targeting at all. Really? But for a brand new brand, you can’t really do that. Can you? I mean, I think you can. Interesting. know. I mean, you tell me obviously you’re the expert. I’m just so we when we no matter what we do, right? Like anytime we get an account, we’re going to test it on broad. No targeting, no age, no gender. Why open? Okay.

36:07
Yeah, you’re going to get the lowest CPMs possible. Any restriction you do will make a smaller audience and higher CPMs. But also you’re letting Facebook do the work. I’m of the opinion that targeting really happens at the ad level, not the ad set level. Most people will tell you that targeting happens by whatever you type into the audience bar on the ad set level.

36:37
that it does. Yeah, you can click interest. You can, you know, you can do all of those things. But really, I think targeting happens at the ad level. Would you run broad for something that was a little bit more specific? Like I can understand shoes, shampoo. I mean, that has really broad base appeal. So it makes sense to just run it broad. But let’s say like Teslas, for example, would you still run something like that broad? I guess cars are pretty broad already. I was going to say, yeah.

37:06
I would say that that’s massively broad. I mean, so like Robert Kiyosaki, right? Yes. We would, we will split test all the time. People who are interested in personal finance, people who are interested in real estate, people who are interested in investing and then no targeting at all. Now that’s an extremely niche offer, right? It was people that want to learn how to be, how to invest in real estate without being a landlord. That’s definitely a niche down offer.

37:36
Right? Yeah. And with that, we ran broad all the time. And what we found was that sometimes the interest in stuff like that would give us a little bit lower CPA. But if we could get broad working, there was the most scale, the most delivery. And as we scaled up, the CPA would actually come down. Whereas in those other audiences, as we scaled up, the CPA would go up.

38:05
No, mean, that makes sense. That makes sense. What about retargeting and custom audiences? Are you still running them even though they’re not as effective anymore? Yeah. Okay. Are you just putting less budget on it? I mean, yeah. So, I mean, we run them in everything that we do. And I’ve just noticed that it doesn’t work as well. And a lot of what we’re doing is we’ll cut down our remarketing budgets.

38:31
And we’re opting for what we call like full funnel campaigns, which is like a campaign with no exclusions, no buyers, no, you know, just wide open, completely wide open. And we’re seeing a little bit more success with that. But yeah, we’re marketing and custom audiences. We still run them, but we just don’t see that, that success like we used to. Interesting. You mentioned the next round of iOS is going to make things worse. What is Apple doing now?

38:59
besides like killing email marketing, I didn’t realize there was more changes to just the ad attribution. Yeah. So it’s really just like, uh, you know, killing, killing the email marketing. Um, and you know, just, uh, further restricting privacy, but, um, I don’t know enough about it to really go into it. Um, I just know that they’re, they’re continuing what they started in iOS 14. What are some things that you’re doing to improve just like the attribution and the data that you’re getting?

39:28
Yeah, so a lot of what we do is, it’s a few fold, right? we’ll set the, Nick Schalkleford always says that nobody goes broke going off last click attribution, right? So, you know, to find the worst case scenario, what we’ll do is like, we’ll dynamically pass ad set ID and ad ID with UTMs.

39:55
and then run a last click analysis in GA4 and then pull that into Data Studio. So we have a nice report to look at. And that gives us like actual last click sales to get like, okay, worst case scenario, here’s what Facebook’s traffic is doing. Worst case scenario. And then we’ll look at other things like media efficiency ratio. Okay, know, what are, are, MER, like what, what, what’s the total sales by spend?

40:26
And for a lot of omnichannel brands, they’re looking at that anyway. And so I think looking at those types of metrics combining with drill down reports of like last click analysis and GA4 can kind of give you, okay, this is the worst case scenario. This is the best case scenario. How does this compare to Facebook? Let’s balance our budgets accordingly.

40:49
I just wanted to let you know that tickets for the 2022 Seller Summit are now on sale over at SellersSummit.com. Now, what is the Seller Summit? It is the conference that I hold every year that specifically targets e-commerce entrepreneurs selling physical products online. And unlike other events that focus on inspirational stories and high-level BS, mine is a curriculum-based conference where you will leave with practical and actionable strategies specifically for an e-commerce business. And in fact, every speaker that I invite

41:16
is deep in the trenches of their own e-commerce business. Entrepreneurs who are importing large quantities of physical goods and not some high-level guys who are overseeing their companies at 50,000 feet. The other thing I can assure you is that the seller summit will be small and intimate. Every year we cut out ticket sales at around 200 people, so tickets will sell out fast and in fact we sell out every single year many months in advance. Now if you’re an e-commerce entrepreneur making over 250k or $1 million per year in revenue,

41:43
We are also offering an exclusive mastermind experience with other top sellers. Now the Seller Summit is going to be held in Fort Lauderdale, Florida from May 4th to May 6th. And as of right now, we’re almost already sold out of mastermind tickets and we’ll be raising the price every month leading up to the event after Cyber Monday. For more information, go to sellerssummit.com. Once again, that’s sellerssummit.com or just Google it. Now back to the show.

42:09
What about tools that allow you to track the whole thing? Like Wicked Reports, HiROS and those tools. Are you using those? Yeah, so we use, I find HiROS very useful for info products where let’s say somebody is gonna watch a webinar, book a call, make a purchase after, right? Something like that, I like HiROS. Ecom, not as big of a fan. Why is that actually? Just curious. I just don’t.

42:37
find that it has the advantage and the accuracy that it does with info products. Okay. Interesting. Yeah. think that we, you know, for, we can get it done with Google analytics for the most part for e-commerce. Because of that, we’ve just kind of leaned towards that. I think Hyros is really, really good for info. I don’t think there’s anything like it that’s as good for info.

43:05
But for you, I don’t see that use case as valuable. think it’s still valuable, but I just don’t see it as valuable as it is with info. And then we’re starting to look into Triple Whale. I know that that’s a pretty good platform, but for the most part, man, we just use Google Analytics and Data Studio to be 100 % honest with you. Okay. And then Google Analytics allows you to do different attributions, right? So are you just using last click or?

43:35
So we’ll mostly last click, but yeah, our director of data goes really hard and we’ll do like other attributions as well. Like if someone clicks from an ad and then they come back two days later directly to the URL and buys, we’ll look at different types of attribution, but a lot of last click right now to paint the worst case scenario and juxtapose that with Facebook data.

44:05
Okay, so let’s kind of wrap this up by just kind of summarizing everything we talked about, but let’s do it from the perspective of a new brand. So if you were launching like a new shoe company, for example, and you just, I’m just going to kind of put words in your mouth and you just correct me. You first look at the reviews of maybe just pick like your top competitors, maybe your top three, look at reviews, put in a keyword cloud tool, find out what people are complaining about and find out what people like about it. And then you want to tap into the

44:34
Life Force 8 and try to frame your product using the benefits and mix those in with some major benefit that will affect someone based on the Life Force 8. And then I guess the piece that I’m missing now is once you have all that ready to go, how do you start running your ads? Yeah. So I think a couple of caveats if you’re starting a new brand. Right now, I would say a big thing is start from day one on the channel, right? Set out

45:03
to be an omnichannel brand from day one. I think the iOS 14 reckoning has really made people kind of rethink their Facebook only strategy. And those that were truly Facebook only, you know, really kind of took a hard L there. And so I think from the get-go, you want to start off omnichannel. I think if you’re a D to C brand, start figuring out your UGC solution.

45:33
Now, whether we use a platform called Incense, shout out to the Incense team, they’re really cool. Actually, I’m not familiar with that tool. What does it do? Yeah. So Incense is a platform that allows you to connect to content creators and have them make UGC for you. Oh, they’re, really cool. I’m, uh, yeah, I think it’s, uh, I N S E N S E dot pro. Okay. So you just send them product and they

46:03
together some content for you? Yep. And you can also white label influencers with them and everything like that. Okay. And so I think that that can be a really powerful tool, especially for a new brand looking to get some ads. And that kind of lets you rely on the content creators, right? You don’t have to do as much work upfront. And then, yeah, I would say that the next thing that you really want to do is make sure you understand your numbers, right?

46:31
What’s your margin? What are your cogs? What’s your lifetime value? What’s your AOV? If you’re a new brand, you may not know those things, but those are the numbers that you want to understand immediately because those are going to turn right back around and really dictate your budgets, what you can spend, your TCPAs, everything like that. And so I would say those things are the biggest things for a new brand. Start on the channel, look heavily into influencers and UGC.

47:01
Understand your numbers and then start making some ads and understand that your success rate on ads is probably going to be, if you’re good, like 7%, right? 93 % of the stuff that you make is going to fail. Anticipate that. Go into it expecting that things will fail. And yeah, off the top, that’s kind of what I’m thinking. Also look at Amazon.

47:30
Yeah, we fell on Amazon. Just to get a little bit more specific though, you recommend just doing some interest based ad sets or even running just wide open, right? Yeah. So, okay. Yeah. I prefer to start testing on broad, right? Okay. I prefer to start testing on broad. And then once we get an idea of what creative works, our next step is going to be, okay, let’s start testing different interests.

47:56
We’re going to take that winning creative and start testing different interests. And sometimes that’ll work great. Sometimes not so much. Sometimes broad works better. And anytime broad works better, we’re kind of stoked because it’s like, okay, the biggest audience works, you know, like let’s stay there. Yeah. Okay. Cool. Jordan, I know that you guys are hiring and if anyone out there is listening to this and you want to learn how to advertise or write copy better,

48:26
I can’t think of a better place to learn. So Jordan, you wanna just kind of talk about what you’re looking for? Yeah, most definitely. mean, Steve, you kind of touched on it, right? If you really wanna learn the game of advertising, if you really wanna learn how to be not just an effective media buyer or copywriter, but an effective advertiser, someone who knows how to sell products to people through a digital medium, Motif Digital is definitely the place for you.

48:55
Is it motive.digital? can’t remember the URL. Yeah. M-O-T-I-F, motif.digital. Okay. Motif.digital. You can go there and just right now it’s a simple page where we’re building a new website. We should have done pretty soon. Okay. But you can check us out on LinkedIn. Really right now we’re hiring media buyers, video editors, Amazon buyers, Amazon marketplace specialists.

49:21
digital content creators, really, if you’re a digital creative, if you’re a writer, if you’re a media buyer, we would love to talk to you. We have a really competitive salary option with benefits, a lot of really cool perks working here. we work with some of the biggest brands in the game. We have an incredible client roster and we’re an extremely creative firm. So if you’re looking to really expand your knowledge,

49:50
If you are currently in the space right now, you’re looking for a new opportunity, come check us out, www.motif.digital. And if you guys can’t tell, mean, Jordan’s kind of a geek in this. Anyone who can recite the Life Force Eight from memory without any hiccups is an ad geek in my book. Yeah, 100%. I genuinely love this game. Like I genuinely love this. like going back to where the interview started, you know, when I first found

50:16
you know what online advertising was like I remember like that I was like, I was so blown away by how cool what was happening or what I was looking at. I was blown away by how cool it was. And I think to this day, that hasn’t worn off. I still love what we do. I still love the game that we play. And, know, everyone in my company kind of shares that passion. Cool. Hey, well, Jordan, I really appreciate you come on the show, man. I know everyone learned a lot.

50:46
Thank you so much for having me, man. This is awesome. All right, take care.

50:51
Hope you enjoy that episode. Now it doesn’t matter what Facebook does or Apple does or any advertising platform, as long as you know how to create compelling creatives, the sales will always come. For more information about this episode, go to mywifequitterjob.com slash episode 392. And once again, I want to thank Clavio, which is my email marketing platform of choice for e-commerce merchants. You can easily put together automated flows like an abandoned card sequence, a post purchase flow, a win back campaign, basically all these sequences that will make you money on autopilot.

51:18
So head on over to mywifequitterjob.com slash KLAVIO. Once again, that’s mywifequitterjob.com slash KLAVIO. I also want to thank Postscript, which is my SMS marketing platform of choice for e-commerce. With a few clicks of a button, you can easily segment and send targeted text messages to your client base. SMS is the next big own marketing platform, and you can sign up for free over at postscript.io slash Steve. That’s P-O-S-T-S-R-I-P-T dot I-O slash Steve. Now we’re talking about how I use these tools in my blog,

51:48
And if you are interested in starting your own eCommerce store, head on over to mywifequitterjob.com and sign up for my free six day mini course. Just type in your email and I’ll send you the course right away. Thanks for listening.

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391: Apple Destroyed Facebook Ads. Now What? With Nick Shackleford

391: Apple Destroyed Facebook Ads.  Now What?  With Nick Shackleford

Today I’m excited to have Nick Shackleford back on the show. Nick runs Structured.Agency which is a company that specializes in the growth of ecommerce brands and he is a master of paid media.

Besides his agency, Nick also runs an event called Geekout which caters towards ecommerce agencies and sellers. Today, we’re going to talk about Facebook Advertising and Nick’s strategies for ads in the face of Apple’s changes.

What You’ll Learn

  • Are Facebook ads dead?
  • What to do when you experience a sudden loss in performance for your Facebook Ads
  • How to improve your sale attribution

Other Resources And Books

Sponsors

Postscript.io – Postscript.io is the SMS marketing platform that I personally use for my ecommerce store. Postscript specializes in ecommerce and is by far the simplest and easiest text message marketing platform that I’ve used and it’s reasonably priced. Click here and try Postscript for FREE.
Postscript.io

Klaviyo.com – Klaviyo is the email marketing platform that I personally use for my ecommerce store. Created specifically for ecommerce, it is the best email marketing provider that I’ve used to date. Click here and try Klaviyo for FREE.
Klaviyo

EmergeCounsel.com – EmergeCounsel is the service I use for trademarks and to get advice on any issue related to intellectual property protection. Click here and get $100 OFF by mentioning the My Wife Quit Her Job podcast.
Emerge Counsel

Transcript

00:00
You’re listening to the MyWifeQuarterJob podcast, the place where I bring on successful bootstrap business owners and dig deep into what strategies they use to grow their businesses. Today, I’m thrilled to have my friend Nick Shackelford back on the show. And Nick is my go-to guy when it comes to running Facebook ads for e-commerce stores. Now that the Apple iOS updates have had several months to settle down, we are going to discuss the current state of Facebook advertising. But before we begin, I want to thank Clayview for sponsoring this episode.

00:25
Always excited to talk about Klaviyo because they’re the email marketing platform that I personally use for my e-commerce store and I depend on them for over 30 % of my revenue. Now you’re probably wondering why Klaviyo and not another provider. Well Klaviyo is the only email platform out there that is specifically built for e-commerce stores and here’s why it’s so powerful. Klaviyo can track every single customer who is shopping in your store and exactly what they bought. So let’s say I want to send an email to everyone who purchased a red handkerchief in the last week, easy. Let’s say I want to set up a special autoresponder sequence to my customers depending on what they bought.

00:55
Piece of cake and there’s full revenue tracking on every email sent. Klaviyo is the most powerful email platform that I’ve ever used. You can try them for free over at klaviyo.com slash my wife. That’s K-L-A-V-I-Y-O dot com slash my wife. I also want to thank Postscript for sponsoring this episode. If you run an e-commerce business of any kind, you know how important it is to own your customer contact list. And this is why I’m focusing a significant amount of my efforts on SMS marketing.

01:21
SMS or text message marketing is already a top five revenue source in my ecommerce store and I couldn’t have done it without Postscript which is my text message provider. Now why did I choose Postscript? It’s because they specialize in ecommerce stores and ecommerce is their primary focus. Not only is it easy to use but you can quickly segment your audience based on your exact sales data and implement automated flows like an abandoned cart at the push of a button. Not only that but it’s price well too and SMS is the perfect way to engage with your customers.

01:49
So head on over to postscope.io slash Steve and try it for free. That’s P-O-S-T-S-E-I-P-T dot I-O slash Steve. And then finally, I wanted to mention my other podcast that I released with my partner, Tony. And unlike this podcast where I interview successful entrepreneurs in e-commerce, the profitable audience podcast covers all things related to content creation and building an audience. No topic is off the table and we tell it like how it is in a raw and entertaining way. So be sure to check out the profitable audience podcast on your favorite podcast app.

02:18
Now onto the show.

02:27
Welcome to the My Wife, Quitter, Job podcast. Today, I’m happy to have Nick Shackelford back on the show. And Nick spoke at my conference, The Seller Summit in 2020, and he’s going to be a speaker again in 2022. He runs Structured Agency, which is a company that specializes in the growth of e-commerce brands. And he is a master of paid media. He spent over 85 million on Facebook, probably more at this point. And he pioneered well-known products like the fidget spinner, which we covered in the last episode, the last time he was on.

02:55
Now besides this agency, Nick also runs an event called Geek Out, which I had the pleasure of attending about a couple months ago, and once again, it had some of the best content that I’ve seen at an event. Anyway, today we are going to talk about Facebook advertising. Now that things have settled down a tiny bit in the wake of iOS 14 and 15, future iOS, we’re just gonna cover everything related to what’s going on in the current landscape. And with that, welcome to show Nick, how are you doing today?

03:21
It’s good to be back and I it seems so long ago 2020 on that on that talk and I think that was one of your guys first Virtual one and I honestly we’ve done a couple virtual ones here I’ve been a part of them and it is a beast in itself So I’m very appreciative that hopefully we get everybody back in person again if that’s what the plan is gonna be Oh, yeah, I can say that’s probably gonna be my last virtual event like We had to throw it together last minute. I think we had like two or three weeks It was very stressful and it’s not nearly as fun as in person event. Like I had

03:50
way more fun and geek out San Diego than any virtual men for sure. Well, I appreciate that. mean, you know, you and I both know that this, let’s put it this way, this world, this e-commerce world, this online world has really changed our lives. I know I can speak for myself and I’ve seen your growth on this. So if anything to do to get great people in a room talking about the things that they love the most, I’m never gonna stop doing that. I just told you off this and before we get into like the what’s happening in the landscape of all things social.

04:18
We’re doing nine events next year. We’re going to go as hard as we can because we just saw it. Like we saw from the sponsorship side to the to attendee side, to the agency side, to the marketing side. People really miss people. And if we can be that that that wifi router, if I may, of connecting everybody together in that one room, then we’re going to do it. Yeah. I mean, you’re going all in on events and my buddy, Andrew Udarian, who you have you met, Andrew? Yeah. I mean, I know of him.

04:46
Okay, yeah, I he’s going all in on events too. I think he’s doing 11 events next year, is nuts. I’m sure both your events are gonna be amazing. by the way, I’ll link to Geek Out in the show notes in case you guys are interested. So Nick, you know what’s funny is after talking to our mutual friend Chase, I feel like you have a bajillion businesses at this point. I actually have no idea how you manage everything. What’s going on right now? Like, what are you actively working on right now? And what are all your businesses?

05:16
I appreciate the candor and the question because I at times feel like what am I doing? Um, but I, I’ll, I’ll break it down very real quick. So we have, there’s three core businesses and you mentioned two of them. So you have structured, you have geek out, and then you have constant constant, which is short for constant creative is our version of on demand ads. And it’s our version of this is again, I’m an early entrepreneur. I haven’t, I haven’t done this for, for, for very long. I’ve maybe been two and a half years into this being your own boss.

05:45
thing. I’ve always worked for other companies, always worked for other agencies, to be specific. And I didn’t know if I was going to be able to honestly make it through the pandemic. I haven’t I’m 31. I just turned 31. I didn’t know what this would look like or what this would feel like. And I had at the time, 40 employees were now pushing about 70, 72 employees right now. And so was like, Oh, whoa, whoa, whoa, whoa, I need to make sure that we have food on the the plate. So at the time, we could have never predicted this is when it really popped off in about 2020.

06:15
The Constance has been a business since 2019, but we didn’t really lean into it until 2020 when we realized, oh, well, I need to diversify income streams for the overall business. Fast forward, biggest year in the world in 2020. Took off again in 2021. It’s a little bit more difficult, obviously, with the updates, but that allowed us to have way more access because at times a brand or a team, they don’t need to hire a full-time agency. They just need someone to provide them more assets or they just need to provide

06:44
more variations of what’s already working, but they can’t go find a designer, they can’t go find an editor. It’s one of the hardest things in the industry to find, even us. We have at any time 20 to 35 designers that sit on staff because as people come on or people leave, we add or subtract and we fire designers often based upon the score that we’ve created in the backend. So now you have the full deal now, right? You do the creative as well as the media buying. Yes, and we’ve always done that, but we

07:14
We never offer just edits off the side for you guys to use on demand. You either had to do the full service or you had to buy a large package. At this point, we’re not shooting anything. You’ve already shot it, you’ve already edited it. It might be ads that are working. You just need more of it. And that’s when we’ve come in because at 300 bucks a month, 700 bucks a month, depending on the volume, you’re really gonna get what you can put into it. I see. So you’re just taking the raw footage and you’re creating really good creatives out of it. Exactly. It’d be as if.

07:43
And internal, the internal workflow that I try to say that mimics is you have your creative team. go, they have a shoot plan, they have a new product release and they go shoot the quality product and content and they deliver all that raw, all those, all those pieces of content that you shot to your in-house editing team where they go like, Oh cool. You want me to structure the hook here? You want me to put the transitions there? You want me put the call to action there? That’s what we do. We’re that, we’re that part of that takes it all as soon as you’re done with it.

08:09
And listen, it’s not the easiest thing to build. We have on average a 22 % churn of brands coming in. means we call it, it’s a thing that the design people actually coin, it’s called happy churn. So when you get too much assets and what we’ve seen in the landscape of paid social right now is the retraction of overall budgets being put online, whether it’s Facebook, Instagram, Snapchat, TikTok, whatever you hear, people are reducing budgets across the board. What does that mean?

08:37
Oftentimes that means they’re going to reduce the amount of creative that they need. So we’ve, we’ve seen that on the creative side of it, which was something that I was trying to hedge against, but it really is some of that we, we as the industry people, we as, um, I’m very active in the space, whether it’s with the event or whether it’s with the agency or whether it’s content, we’re seeing this overall pullback for various reasons. And I know you talked a bit, a bunch of people in the space. I love to throw it back over to your side and be like, what, what are the other founders in your world? You as a founder.

09:06
In your world, are you feeling with the uncertainty of the platforms? So right now I’m just having problems trusting the reporting. And I’ve spoken to many colleagues. It seems like it’s a roller coaster ride one day, like it might be okay. And then the next day I’ve spent all this money without any conversions. Something’s still up. I wouldn’t say things have settled down yet, but I mean, you obviously see a lot more accounts. What are you seeing? Yeah, this is funny because I have a couple of things to actually share.

09:36
At any time I have 160 to 275 accounts. Why I have this now I’m not running all these. We’re not managing all these, but whether it’s a consultant, whether it’s someone, Hey, I need a second opinion. need somebody to audit my, my, my thing and tell me if my team is doing right or wrong. I do that all the time. I have a bunch of friends in the space. I’m like, Hey, you probably could be doing this, this and this. It’s not to take the business or critique it. Listen, there’s, there’s so much business around. There’s enough for everybody to eat. So it’s a mantra that I live by. So when we get access to accounts, I go, Hey, I would love.

10:06
selfishly as someone that’s a mouthpiece in the space. I want access to your content or I want access to your brand just so I can talk about it. I’ll give you my opinions. I’ll give you my time. Just give me access. So that’s kind of why I’ve been fortunate enough to get a lot of pieces here. And it is so we’re seeing overall and I’m pulling it up on my screen right now. We’re seeing an overall reduction from January to June of a 30 % reduced budget. So January of this year to June of this year, we saw a 30 % reduction in overall ad spend. Now,

10:36
You touched on one briefly. I’m having a hard time trusting the data. That’s what you feel as someone that’s in this space and doing it. That’s how we feel as someone that’s managing this and having to explain to brands what’s going on. Now, if you go on Twitter, you’re going to see everyone go like, well, you should have diversified. Well, you should have done this. Where are you diversifying? Who’s going to go and run to Pinterest and go to YouTube without knowing the platform and being like, oh my gosh, yeah, I’m diversified. These are not easy.

11:05
that easy of content or easy it’s not a light switch that you can just flip. No! See, you can’t just go, oh cool, okay, space is my work, I’m gonna just go jump on this platform right here. Facebook, the reason why Facebook was lion’s share and still lion’s share budgets is because it’s so damn easy to get going. Actually, let’s talk about iOS 14. mean, during Geek Out San Diego, I would say 90 % of the talks were with iOS 14. And what I found strange about that event, Nick, is that I wish you got up there.

11:34
and gave a talk yourself. So what I was hoping to do is actually making this episode like the missing bonus talk that everyone was waiting for a geek out, right? Let’s do it dude, I’m ready. All right, so you mentioned that people are cutting back on their budgets. it because just everyone has, let’s just set the stage here. I remember a couple of talks, I think Jordan talked about MER. Maybe you wanna explain what that is as a different way to measure. Because I know as an agency also,

12:02
You’re probably getting shafted too because you’re not able to show the conversions that you might actually be getting but is not being reported, right? So how are you dealing with all that stuff? That’s great question. So MER, I’ll start there. there’s a reason why I don’t talk a geek out is because I’m so overly stressed about how it’s going to go for everyone. But that should be fixed next year. I’m excited to jump back on the stage. Let’s put it this way.

12:26
So MER is not a new thing. It’s something that’s been around for quite a while. MER stands for Marketing Efficiency Ratio. Essentially, it’s total dollars spent to total dollars returned. We as a marketing partner, you as a brand should be measuring total dollars spent to total dollars net return. What goes into this? Not your employees overhead, not your shipping costs, not salaries.

12:53
not your vehicles. This is just total dollars in advertising spent to total dollars returned. Actually, your shipping costs would go into this and your product costs would go into this, but all the extracurricular around your businesses doesn’t. It’s just your total spend to total net return. That gives us an idea because what the main problem is, is everyone’s trying to figure out exactly how accurate these platforms are reporting. Facebook has never been extremely accurate.

13:19
It’s a first touch platform. have Google that’s going to probably play on the second touch or last touch platform. You have Pinterest that’s going to pull on another platform, snapchat on another. So they’re never going to be as accurate, but what we’re trying to do is triangulate. We’re trying to have an idea of like, I can count on Facebook to provide at least 15 or 20 % of overall sales and my other platforms, organic Snapchat, Google can provide the rest. Some variation of this. So when we talk about MER and we’re talking about like understanding what is the total impact of

13:47
spending on a platform like Facebook or spending on a platform like Google. And how does it impact my total profitability, my total revenue coming in? That is where and how a lot of these channels should have been measured. And if I was going to do a talk, my talk would be called you lazy ass marketers. And here’s why, here’s why Steve, because we, we built a, we, we built a fidget spinner company into a multimillion dollar brand and got into Bed Bath and Beyond, Target and Best Buy. And that should never have happened.

14:18
I was not smarter, Jake was not better, we did not have a cool product. We arbitraged a cheap product around a viral thing and we branded it and it worked. That’s not a real business. That’s someone taking advantage of a very easy to use platform and cheap CPMs. That is it. That literally is it. There’s a reason why that company doesn’t exist anymore, right? Because we didn’t build other things around it. We didn’t build a community.

14:46
We didn’t build a brand. didn’t build a business. Facebook, any platform, Facebook, Google, Snapchat, TikTok, you talk about it, any platform made it easy for brands to have an idea, to get it live and to make a bunch of money. So what that means is I’m using the platform to judge the success of my business. And that’s what everybody’s been trained to do because maybe you were been live in 2018, 2019, early 2020 when you’re like, whoa, I can see that one purchase came from Facebook and that one purchases in my Shopify store.

15:15
So you didn’t need to have an understanding of what the overall journey or the customer path was going to be. So when we, as marketers here go ahead, and this is a lot of transparency, a lot of agencies bill you on a percentage of spend at a ROAS target. That had to change. There’s no way that you can take confidence in the platform telling you you’re at a 0.1, but yet you’re spending more money into this platform or you’re still keeping the same budget.

15:43
yet you’re not seeing the overall, you’re seeing different numbers in your Shopify store. So you can’t bill off of that model anymore. You have to do a flat rate and a percentage revenue, or you have to do just a flat rate and a longer contract size. Those are the ways that we’re trying to combat it as an agency here. But the brand, the more, it’s more on the brand side because a lot of these people don’t actually understand what the true impact of the platform usage is having across the other platforms. Let me explain that again.

16:11
I spend $100 on Facebook and I might not get a single conversion. Yet now we have brand recognition and we might see a little bit of bump in our organic, a little bit of bump in our branded search. Where do you think that’s coming from? Yeah, it’s the halo effect from the ads, right? Absolutely. Where do you think your Amazon growth is going to be coming from? If they’re going to find a discovery, you might not feel comfortable purchasing on the website, but you might like it to purchase that on Amazon. They’re not just searching your brand name on Amazon or on Google. You’ve been around for less than a year.

16:41
How often are you searching for something that you’ve seen unless you’ve been prompted to search that thing? So it’s hard to quantify. hard to put a dollar amount behind like what that impact is. So all of the conversations is like, well, Nick, how do I actually read it? Okay. You can go get a high roast. You can go get a, get a L of R. You can go get a wicked report. You can go get a triple whale. You can go get these tools to try and look in the data in the back and you can look at a better UTM string. But guess what? At the end of the day.

17:09
You’ve still got to get a correlation on the platform. You still got to make decisions on the platform. And even if, and what the cool thing about HiROS when we were using it, when HiROS was putting it on, they would basically have in Chrome, would like hyperimpose all the metrics onto the platform. It would actually give you like a version of a fully updated ads manner dashboard, which as you lose the metrics, like, oh my gosh, this is really helpful. It’s not, you can’t make decisions because that’s not data that Facebook can use.

17:38
So if Facebook can’t use the data that these third-party tools are putting back quote unquote into their platform, which they can’t use it because it’s opted out users, what are you really making optimizations on? Isn’t there a roundabout way to export that data back into Facebook somehow? Offline conversions is a way of doing this with an integration with Zapier. But again, if it is opted out users, it cannot be used. It won’t be used. Okay. So you might be able to capture the only way that

18:06
I see this getting fixed and it’s something that why, why, if I would have put my tin foil hat on right now and transitioned into, okay, Shaq, I get what you’re talking about. It’s, it’s tough right now. Steve CPMs. And I’m looking at across, have 116 brands right now that I’m hooked onto. I’m looking at the average CPM raise is 48 % from January to today. 40 that’s a 50 % increase in CPM. How accurate is this? I think it’s more accurate knowing that it’s not revenue numbers being reported.

18:35
and just on platform impressions numbers being reported on. So I believe that this is a little bit more accurate than most. We just saw Facebook release their most profitable quarter ever. Right? I wonder why. Interesting. why. How does Facebook and Q3 report the most revenue they’ve ever done with the majority of advertisers pulling off the platform? I always thought it was based on bidding. So you think it’s artificial?

19:05
This is again, this is someone that spent you gave me the intro about 85 million this year alone. We’ve already spent 45 million On a quote-unquote down month and we’re spending across Content we’re spending across and what a content like like ass calm like our like articles, We’re spending across econ. We’re spending across Legion. We were we were doing PPP loans beginning so we have a lot of a lot of things to pull from and we’re still we’re still seeing

19:34
this artificial bump in CPMs because if you have a pull off of people on the platform or people going like, where is Facebook going to get their revenue? No, can’t. How do I prove this? It’s yeah, I agree. Yes, I don’t have data or numbers on this, but for someone that’s been on the platform for over eight years, I’ve never in my life seen this happen before. And it’s not even just that it’s the quality of people coming off this platform. So it’s not be all, whoa, whoa, whoa. Like, what do we do? How do we combat this? This can’t be sustainable on their part.

20:04
It won’t be. it’s the saddest thing because when we have conversations with the rep or we have conversations with internal Facebook people, they’re very optimistic. Like they have as if they have stuff that they want to tell us, but they’re like, I can’t tell you yet. Huh. Okay. we had the CEO of Snapchat actually did an art or had a news release of based upon the changes on platform, based upon the changes that they try to release like a data.

20:33
they tried at least a data ads tool for, for understanding or getting better attribution. And he was like, it failed. Like we, we try to launch this to help you guys. And it actually failed because of, of Apple’s Apple’s iOS 14 plus whatever issues. I’m like, this is something that’s widespread. if the smart, arguably the smartest people in the world working at Facebook’s and the Google’s and these other spaces, and they’re not able to provide an immediate solution. What do we do?

21:02
If you sell on Amazon or run any online business for that matter, the most important aspect of your long-term success will be your brand. And this is why I work with Steven Weigler and his team from Emerge Council to protect my brand over at Bumblebee Linens. Now what’s unique about Emerge Council is that Steve focuses his legal practice on e-commerce and provides strategic and legal representation to entrepreneurs to protect their IP. So for example, if you’ve ever been ripped off or knocked off on Amazon, then Steve can help you fight back and protect yourself.

21:30
Now, first and foremost, protecting our IP starts with a solid trademark and Emerge Council provides attorney-advised strategic trademark prosecution, both in the United States and abroad for a very low price. And furthermore, the students in my course have used Steve for copyrighting their designs, policing against counterfeits and knockoffs, agreements with co-founders and employees, website and social media policies, privacy policies, vendor agreements, brand registry, you name it. So if you need IP protection services, go to EmergeCouncil.com and get a free consult.

22:00
And if you tell Steve that I sent you, you’ll get a $100 discount. That’s E-M-E-R-G-E-C-O-U-N-S-E-L.com. Now back to the show.

22:11
So what you’re saying, I’m just trying to interpret some of the small pieces of what you just said, the conversion API where you’re sending offline conversions to Facebook or in real time through the API, that doesn’t help your data. It only helps Facebook report that a conversion has actually taken place. Correct. Because it’s not getting put back into the ad account. not putting it back into the… So anything related to targeting, lookalikes and all that stuff is not affected by the conversions API? Like the data does not improve?

22:40
Correct. Now what we what we’re trying to combat against this like Facebook said CAPI integrations would be the most important thing. Now it hasn’t. It hasn’t impacted anything. It hasn’t changed the way that we’re optimizing against our platforms. There might be people out there that are going to listen to this and be like, well, we’re feeding back offline conversions and we’re getting just enough just enough information to make decisions off of it. I think that is a better solution than just CAPI integration. think CAPI integration and uploading offline conversions will

23:10
post back as much information as you can get, but it’s still not going to be the full story. So what would you suggest for a Facebook advertiser that has suddenly seen a loss in performance? What would you recommend? So two things. We recommend having a tool that measures first-time customer acquisition. we’ve changed a lot of… There’s a lot of different businesses that are… I’ll give two answers. One, how they should look at the business and what’s an easier way to making decisions off of…

23:39
impact of platform and two, like what to actually do in platform right now. The first one is I would implement two things. One, a tool to measure first time customer acquisition. The two tools that we use is either lifetime Lee or, uh, or triple whale. Lifetime Lee is very, very cheap and it’ll give you like that first time customer acquisition and courts. A triple whale is kind of like, uh, it’s kind of like a lifetime Lee, but a little bit more metric. There’s a little bit deeper stuff. It is more expensive. Of course.

24:08
And that way you’re able to see if this consumer came in, what is that? Was it a first time customer? Am I still conquesting? Am I still getting new people into my brand and purchasing? And then I would do a post purchase survey. That main question is, how did you hear about us? Where did you come from? And that’s immediately after they make that purchase. And that way you can triangulate a little bit of where a lot of this revenue is going to be coming from. Now you’re not going to get those people that are hitting product pages or homepage, but those are actually converting or buying from you.

24:38
you will get a little bit of information back on that end. And that would be on the business side of things to understand how impactful each platform is truly for you. And again, that’s not new. People should have been doing that from day one, but they never had to, right? Can I ask you this? Why are these tools able to track people whereas Apple’s preventing Facebook from tracking these people? So it’s not necessarily tracking. Well, it is a form of tracking, but it isn’t, it’s not going to feed me back. So if I implement a

25:05
tool that’s going to give me a questionnaire at the end at the back of a purchase that after I made the purchase and the questionnaire asks like, where did you hear from us? And it’s Facebook, Instagram, Snapchat, Google. And I collect Facebook and I, and me, there’s a consumer touches Facebook. There’s no like data feedback that goes into my ads manager. That’s, that’s a report that I get going like out of a hundred people that came through of that purchase, 25 of them said they came from Facebook.

25:35
So that’s how we’re getting that information. That’s not gonna give me information or feedback into my ads manager to make decisions. Sure, but why can’t Facebook get the reporting right and just not feed that back into the ads information? Are they just much more restrictive because it’s the…

25:53
It is because of the it’s illegal. if you have a consumer that opted out for no for no tracking, no ads tracking, right? The survey by definition, if you’re volunteering information and I’m saying like, hey, I’m giving you the information to know where I came from. You don’t have to fill the survey out. You don’t have to do any of that. But the tools like lifetime Lee or whatever, that’s technically they didn’t opt in for that. So lifetime Lee wouldn’t be.

26:22
Correct. Lifetimely again is not a user information tool that is used for marketing purposes. It is a business analytics tool similar to like a similar analytics, right? Google analytics. Exactly. So it’s not, it’s not a tool that it’s not a third party tool that’s being used to inform like marketing decisions. Right. I’m going to gather information and I might get like an email address that I can potentially put in the Clavio.

26:52
but I’m not gonna be able to upload all that back into Facebook. In theory, even when you use Triple Whale or even when you use it lifetimely, you’re just getting these batches of cohorts of like, hey, that’s a first-time customer, that’s a repeat customer. Okay, let’s try and build a segment and get some learning from it on the back end. Right, okay, so that’s the distinction. Like Facebook’s a lot more restrictive. In theory, they could say, hey, we’re just doing this as a reporting tool, which isn’t feeding back into the ad system, but they probably just can’t get away with that, because they’re the…

27:20
They’re the first line of defense. They’re the front end app. yeah. Yeah. I mean, they have it. They have all the info. They have all the info. Yeah. Okay. All right. So we got sidetracked. Okay. So you recommend using some of those tools to figure out what’s going on and then what? And then the last one I would say is when you’re in the ad account and this is, this is actually, can share a sheet on this. It’s a correlation of what is, what is your Facebook dashboard actually telling you in terms of a performance spend purchases cost per purchase and what your

27:50
actual Shopify store, whatever you’re building on, Magento is telling you. And that’s, it’s just a simple calculator to show the difference between who’s purchasing and where, where your current spend is. I can get an understanding of if, if the platform is showing me a 30 % drop in what is being reported on Facebook or sorry, what is being ported on Shopify versus the next week where it’s a 50 or 60 % drop off, then you know, like, Hey, that’s not actually accurate. You’re going to start gathering information week over week.

28:19
And can actually backdate it of going on average, I’m losing 20, 25, 30 % of my overall purchases conversion value and CPA on Facebook. That’s, that’s, and you get a one, you get one week where it’s like a 50 % or a 60 % drop off. You know that like, that’s not actually as accurate as what it’s telling me. So you’re going to have to triangulate through that way. So it’s just a simple correlation sheet that we use on our side that we can inform the brands of like, Hey,

28:46
It’s the ad account might look even worse than it has before, but that’s not actually accurate. Here’s why our average correlation is usually a 20 % or 25 % drop off this week. It’s 50 plus, and then you’re able to make a couple of decisions that way. But there’s nothing that’s going to give you a full picture as it once was. Right. And it’s, it’s generally lower reporting, right? It’s, it’s not, it’s rarely higher reporting. Like it will never tell you more conversions than you actually have. Is that accurate?

29:14
That is 100 % accurate. All right. So here’s the dilemma then. So with the reporting crappy, let’s say you’re a brand new advertiser today with no data. What do you suggest? Like if you have nothing to correlate back upon, like you have no sales history. I actually think you’re in a better position. Interesting. Okay. And here’s why. When you’re at a break, when you’re at a, you’re at the 1 million, 5 million, $10 million mark.

29:44
You’re usually on more than one platform. Like you’re usually on a, you’re on a Facebook, you’re, you’re probably playing with a little bit of Google and you’re probably dabbling in like a Snap or TikTok, right? You’re still probably spending Corley or wanting to spend Corley on Facebook, but you have more channels that you have to actually build some triangulation or some attribution or some, baseline metrics around what that platform is doing for your business. If you’re just starting out, if you start spending on any platform, whether it’s Google, whether it’s Facebook, whether it’s Snap or whether it’s TikTok,

30:13
That is the only channel that is driving revenue for you.

30:18
So if you don’t have other things that are gonna confuse where these purchases and sales coming from, and you have a Facebook that you’re spending your $100 a day, $300 a day, $500 a day, then you have better get your UTM codes correct so that you’re able to understand which campaign, understand which ad set and understand which ad. You might not get that first click data, but you’ll understand where it’s coming from. You understand what type of content needs to be there, what content is working, right? Cause you’re labeling of UTMs.

30:48
But that’s, that’s it. think you’re in a better position to feel more confident in what and where that revenue is coming from. If you are just starting out. Now, okay. Why, why I think the argument is really difficult to see it because like, dude, I’m just starting. I don’t even know what to look at it. I can’t even look at this anyways. Why are you crying? You don’t know. You don’t even know how good it used to be. The people that like us were going, we’re sitting here going like, Oh man, this, used to be amazing. We were making millions and we’re going, wow, that’s really struggling.

31:18
You don’t have that context. This is, this is as good as it is right now for you because look, you’re getting people to your website, you’re going to figure it out and you’re going to be a better marketer, a better business person, generally overall. If you can get through this period of time right now, then those that are going to like, wow, I used to use these tactics and they’re not working anymore. It’s hard to train a new dog, a target train old dog and give him new tricks. Even myself, when I feel like I’m like, guys, we need new ideas. Like, Oh, let’s go back to what we did in 2019, 2018. I’m like, no, we can’t.

31:47
It’s different times. We don’t have that ability.

31:51
I guess so loss aversion, right? It really is because it is it’s I’m sure what you were searching for like, no, tell me like, tell me how we want new brands to start and launch. I will tell you, it’s it’s going to be an investment in content. It’s going to be a clear determination of what your avatar, your customers are, stuff that you never necessarily had to do before. You could have put a product up of what it was with a couple of colored backgrounds and it’s going to drive you sales. Now, if I’m

32:20
I have to be specific on like, who am I speaking to? What is the customer? Why is this going to solve something for them? And I got to convince them to take out their pocketbook and buy it. The consumers are still there and metrics show Q3 reports and the overall e-commerce census data. It’s up. People are still there. People are still buying. There’s still a ton of money in the market that people are wanting to spend on, especially as Q4. It’s a cultural norm that people are going to want to spend more money. people just…

32:47
It’s not, people are not going to stop celebrating Christmas or birthdays or anniversaries. It’s still there. So it’s, it’s not a fear, lack of dollars being spent in the market. It’s a fear of trusting the platforms because it was so good before. I can see that. Like if you’re only advertising on Facebook, that’s easy, right? Cause you can just directly attribute any new sales to it directly. have a question for you. How come this hasn’t affected Google?

33:14
as much like I know my Google stats still seem like they haven’t really changed. Is it because Apple still allows browser clicks to be tracked and correlated? That’s a question. I’m not I’m not the best at Google, but from what I understand, and we do run a lot of Google, it’s still very heavily search based. And it’s last click based. Facebook has been around less than was it like 10 years less, or 20 years less than Google.

33:43
So they still have a lot of this, this model of information. have a lot more data to pull from and it’s search-based. So I said that before, Facebook was an algorithm built off of like various data points that they needed to make sure that they can optimize. Google is one of the largest and most used platforms in the world consistently. So they still have a lot of good models and they still have a lot of good and intense stuff in somewhat like admittedly something that I need to get better at understanding is that if Google is going to be a lot of

34:12
a lot of where the actualization of search is going to be, or a lot of the demand generation is being actualized. It’s probably going to be the closest thing before that final click to purchase. Because it’s in that purchase path, we’re usually seeing some sort of search platform, whether it’s Google being or Yahoo, whatever it’s going to be being used right before that conversion happens. And we see that oftentimes in Google Analytics. So I think it’s closer to the conversion goal.

34:42
And I believe it has more information and data to pull in from overall that’s allowing it to consistently be accurate. you’re absolutely right. We’re shifting as much money as we can into shopping, a little bit more into YouTube so that we can understand, if we’re having more data points and more accuracy here, let’s go put the budget there. I mean, in theory, Google should have the same constraints as Facebook. They do similar things, right? Where you can upload customer data and

35:10
and kind of have like search audiences. And for display ads, it works almost the same as Facebook. I would have thought that they would have experienced something similar, maybe not on the search side, I guess. I guess I just don’t fully understand why Google hasn’t been affected, even on the display network, they should have, right? I don’t think we can say that they have not been affected. I think we can say that they’ve been affected less because of the way that Facebook’s been building. I do know that.

35:40
Android is obviously a major factor that Google runs on and majority of the population on Facebook from the reports that we’ve been seeing, there’s a lot of iOS users, especially in the major English speaking markets. So it could be that they have more data points or just more sheer volume of users to pull their correlations off of. Yeah, that makes sense. And it’s still kind of early. I mean, this just happened earlier this year.

36:07
So you mentioned a 30 % pullback in ad spend. So where is that money being diverted to? Some are just not spending it. Some are just trying to reserve as much as they can. Some of it’s going into SMS. Some of it’s going into traditional marketing. We have people putting into billboards. We have people putting into non-trackable places like this. You can track it a little bit, but I don’t know how much trust I have in a billboard reporting tool. Overall, they’re just kind of reserving a lot of this, which is something

36:36
which is something that was something I’ve never really encountered, especially coming into Q4, usually what we would want to do. And we, it’s not everybody, right? So we still have a lot of brands that want to spend, they want to push, but we’ve had more people pull back spend and reserve it for an influence reply or reserve it for more content rather than just like putting more and more budget into what was incrementally improving. Unless they like, Hey, we have to move inventory or Hey, we have to get, we have to push the sale.

37:05
so that we can look like we’re selling out. So there’s a lot of other specific reasons why budget is being spent. Some, this might be just their season and they have to push the budget. Others, like, hey, normally we’d spend a little bit, but we’re really a Q1 brand. We’re a health and supplement brand. Let’s just keep the lights on and run it as efficiently as possible. What are you seeing on TikTok? Nothing just yet because I don’t trust how it’s reporting, but there are a lot of people around me.

37:34
One really, really smart man, Maxwell Finn, is probably one of the leaders right now in spending on TikTok. But we haven’t dove in, we haven’t dived, we haven’t spent the time to dive deep into why it’s working or why it isn’t working. Because I think it’s heavily based upon what type of product is being sold there. I think that the ad platform has not been fully developed. And if you are not already organically spending time there or creating content, and you’re just running ads,

38:02
it seems to not be as effective. And that’s based upon us taking some brands and just running ads on it to see if it’ll work versus some brands that are organically seeing growth and revenue from that channel and then turning ads on and getting more incremental sales. To me, I think it’s a play that if you’re looking to arbitrage cheaper CPMs or cheaper traffic, not necessarily higher quality traffic, that’s a move that we go into. If you’re a Q4, like, Nick, I have budget, I need to spend it. Where do we go?

38:30
I would look at TikTok in terms of building up the funnel of remarketing. I still don’t believe a lot of the conversion is going to be happening there. I know that is a way to go and people want to be there, but I’m only saying it as a way of getting cheaper funnel, cheaper traffic into the.

38:48
I just wanted to let you know that tickets for the 2022 Seller Summit are now on sale over at SellersSummit.com. Now, what is the Seller Summit? It is the conference that I hold every year that specifically targets e-commerce entrepreneurs selling physical products online. And unlike other events that focus on inspirational stories and high-level BS, mine is a curriculum-based conference where you will leave with practical and actionable strategies specifically for an e-commerce business. And in fact, every speaker that I invite

39:15
is deep in the trenches of their own e-commerce business. Entrepreneurs who are importing large quantities of physical goods and not some high-level guys who are overseeing their companies at 50,000 feet. The other thing I can assure you is that the seller summit will be small and intimate. Every year we cut off ticket sales at around 200 people, so tickets will sell out fast and in fact we sell out every single year many months in advance. Now if you’re an e-commerce entrepreneur making over 250k or $1 million per year in revenue,

39:42
We are also offering an exclusive mastermind experience with other top sellers. Now the Seller Summit is going to be held in Fort Lauderdale, Florida from May 4th to May 6th. And as of right now, we’re almost already sold out of mastermind tickets and we’ll be raising the price every month leading up to the event after Cyber Monday. For more information, go to sellerssummit.com. Once again, that’s sellerssummit.com or just Google it. Now back to the show.

40:08
So assuming you have a decent reporting tool where you can actually see that your ads are actually converting. In terms of targeting, are you putting less onto lookalike audiences and custom audiences as opposed to just interest-based targeting? This has changed recently. I actually asked a couple of my teammates this question before we jumped on. Right now, so before, I would say before September, we made this change in September. We’re at the end of October.

40:39
we were heavily on stacked lookalike audience. What that means is like, we’re putting a 1 % with the 2%, with the 3%, with the 4%. We’re putting a lot of groupings together into our ad accounts, into our ad sets. And we’ve moved away from the lookalike audiences as of October 26th, 9.15 a.m. We are not using heavy lookalike audiences. We’re using interest-based audiences that Facebook is providing us and we’re stacking them. what we call is, if it’s a mom product,

41:09
mommy, mommy of teens, mommy of X, Y, Z, stay at home mom, motherhood. We’re putting a lot of those congruent audiences together into one ad set. And that’s what we’ve seen to be most consistent. Cause it’s, it’s not a matter of like, we’ll, we’ll see lookalikes work for a day to two days, but then maybe day three or day four, it like really dies off like what just happened. And we don’t have answers for it. So we’re, we’re finding more consistent success with stacking interest-based audiences on here. And before.

41:38
We were heavy, we’re heavy like, it’s separated out. Let’s know which one is producing that, that, that sort of like return. And it honestly, was stuff that questions that brands were asking like, Hey Nick, tell me what audiences you guys are using. And we can build learnings from this. And I never recommended it them, but I can understand why a brand might think it’s important. If you’re the Kardashians, we’re always converting heavy for you. Maybe you make some content that’s tailored towards that audience, right? Or maybe you make, make something similar or, or try to

42:08
poke fun at it create content around it, what have you, but now it’s all jumbled together and that’s providing us the most stability. when a brand asks us like, what’s working, we’re delivering like, hey, this stack of interests together is working for you. Do what you want with that information, but I can’t pull it individual learning from this for you. No, that makes sense. I mean, I’m only one data point, but my lookalikes have kind of fallen off a cliff. I used to actually even run broad match, just kind of wide open.

42:37
Yeah. Broad match dynamic ads and those have kind of gone to crap as well. Where is the interest you can’t, I mean, there’s no feedback of information there. So I would imagine that’s a lot more stable. Correct. And even, even pulling in audiences from Klavi or even dynamically updating these, do I think it’s a waste of time? No, I don’t. think, I think you have to use all the tools that Facebook’s providing us. But I will tell you this, a little bit of nugget for you, The longer you can make your videos and I’m talking like,

43:04
Can you get 45 seconds? You get a minute. Can you give me a 32 minutes? The audiences that we’re building lookalikes off of that have found more success are the ones based upon video watch time, engagers, followers, likers, the on-platform metrics, the on-platform audiences that we’re building for whether it’s re-engagement, which is those types of audiences, the likers, the viewers, the followers, the savers versus the site visitors.

43:32
versus the avocados are we’re having more success with remarketing to those that have seen pieces of our content. Interesting. Is it because Facebook is allowed to track people who are on the platform who don’t leave it? Is that why I think it’s that simple? Honestly, I think it’s, I think it’s the fact that that is platform data that they have a lot more control over that they don’t need to send off the platform to get information on.

44:00
that they don’t have to have an upload or report it anywhere. I think there’s a lot of these things that allow Facebook to be like, ah, I understand who that consumer is because they watched something that was native to our platform or was already on our platform. They never left. So we don’t have to report that they left and came back. And we have to like, quote unquote, scrub that info. That’s more accurate. That actually makes sense, right? Because I guess Apple can’t 100 % enforce like something that’s going on in the app that you’re not.

44:27
that you’re not using, right? It’s really, that message only happens when you actually click off the platform, off the app, right? Exactly. So if you’re on it already, you can get marketing towards, so a strategy that we’ve been using is we might have an ad that’s 15 seconds, maybe five seconds, doesn’t really matter at this point. And we’re extending that final card, that final call to action or that final end card of whatever you’re doing, a couple more seconds, just to keep them watching a little more, just to…

44:56
see how do we elongate some of this creative or content? And a lot of us have been indoctrinated to show 15 second, 20 second, 30 second content, push it 45, push it to a minute. What does it matter for you if they sit there and watch more of your content or if they click and move by it, right? It’s still the most important thing is to build three seconds and get them hooked and watch, of course. I’m never gonna deter or move away from that. But the longer you give an opportunity for them to like sit there and watch, the more information you can kind of gather from this. Interesting.

45:25
So do you retarget like 75 % video views? what’s your protocol? Yeah, so we, depends on the type of product. So if you have an individual product, say you are a single skew or second skew, a single skew or a skew with a supporting product, you’re going to have to be very deliberate in the type of content you’re showcasing on the top of funnel. Let me explain this. If I have, if I’m selling a, a Sheets brand. So there’s a brand called Miracle Sheets, which we’ve been a part of for quite a while.

45:55
And they sell to bachelors, they sell to mothers and they sell to college students. Okay. Those are very three distinct consumers and very three distinct messages that need to be said to them. You, you have to understand that if you’re going to take these stances of speaking to these consumers, that second touch point is going to be very important of what audience you’re building off of. So you are going to end Facebook has this ability that first video.

46:24
might be a lot of value propositions and speaking towards the bathroom. Like, Hey, you don’t want to wash your clothes as much. No problem. This is your sheet. Just much. No problem. This will stay cleaner and better for you over time. Whatever that drop off point is, if, if I have multiple calls to action within the first 15 to 20 seconds, and it’s a minute video, I want to, I’m going to have a segmented. want to have my 25 % audience separate from the 50 % and separate from my 75%. Cause if I’m starting to see.

46:53
someone hasn’t watched my video to completion and they’re going to go into my next remarketing pool. And I wanted to pull like a 75 % view, but they have never even seen 75 % of my first video. Do I showcase that video again to make sure that they get further? Do I change the way that that second video started so that they can get further? It’s not so much the segmentation of the audience as the understanding of how much content was being consumed on that first initial touch point. Is that clear? Up until the call to action.

47:24
Or if it correct, where does maybe the call to action needs to be multiple times in the first piece of creative? Uh huh. This is, this is the thing that people didn’t have to think about before they could just put a product, show a bunch of testimonials and get into it. Now they have to be very deliberate. Like, what are we showing? What are the, what are the calls to action or the highlights that we’re putting in the first couple of seconds all the way through the back half of it, all the way through the end of it, because the drop off point might be high, which was severely, severely impact the next message that we’re showcasing them.

47:54
on the second touch or second remarketing app. Right, okay. So now you just kind of have to coordinate like what your ad looks like and whether they see in a particular piece of content that you want them to see before you retarget them with the next message is all you’re saying essentially, right? I am correct. So your question on like, do I need the 75 % versus 50 %? I want all of them. I want all of them separated. I want all of them segmented depending on if it’s a multi-skew store or a single skew store. If it’s a multi-skew store, how do I get as many products shown?

48:22
And then how do I support all those products? Second, it’s going to be a little bit less scientific and more of like, Hey, let’s just keep pushing them down the funnel and keep pushing them down the funnel, depending on what product they’re being clicked on or sold most. But it’s more about the type of content we’re putting at that second touch point versus is it a 25 versus a 50, 75 or a hundred percent viewpoints? Good stuff, Nick, man. I didn’t, I didn’t know anything about that. So thank you for that information, especially the, part about, uh,

48:51
Retargeting based on audiences in terms of engagement on the app itself without leaving it. That’s great. Well, I’m going to give you one more, Steve, that I’m putting it out there into the ether that we’re seeing work on our stuff. we have Facebook’s, let me ask you this question. How many ad accounts do you have with your current brand that you’re running right now? How many ad accounts? Yeah. How many ad accounts are you running? Okay. So for the longest time, I’ve always been under the same doctination.

49:19
because it’s what Facebook’s been feeding me. One brand, one ad account run. Yep. What we’ve seen, and this is stuff that’s still early, but we have now three brands on this. We have multiple ad accounts. So we have as much as four ad accounts for one brand and we’re running cost cap. Whatever’s, whatever’s acceptable for your brand. If you have a successful cost cap number, if you’re, if you get more conversions at $50 versus $60,

49:48
I’m not going to tell you what cost cap to play with. You’re going to have to test that yourself, but we’re finding that if we have a high budget, I’m talking five grand, 10 grand, a single campaign, single ad set with all your best converting ads in a different ad set, will just, I’m saying start a brand new ad account, one big campaign, one large, one large budget with a cost cap that’s going to limit it from spending everything and see if it spends. I’ll explain why I don’t know. This is what we used to do when we needed to scale

50:18
And we, in the ad account would cap itself at an overall spend. we’re like, shoot, we need to launch a new ad account with all and put all of our new, all of our best ads in it running again. If it’s under the same business manager, you can keep the post IDs. So what we’re doing is if we see a successful ad, a successful campaign running and we’re like, Oh, I don’t want to kill this. We’re launching a second ad account and putting all the things that were working before into that ad account and seeing if it will run. Now I’m not, I’m not getting romantic about it. It doesn’t work.

50:48
I’m not, doesn’t work. Meaning if it’s not spending as much, or if it’s not as profitable out the gates, I’m looking at it and going like, okay, I could launch another account and then just delete the one that wasn’t worth it. Just stop using it and just keep finding my way through it because you’ll find some brand new ad accounts will launch with a extremely high CPM. You know, like, holy crap, I’m never going to be able to make this profitable. The very next account you launch, it has a lower CPM for whatever reason. No, no, no understanding why it’s happening. And I’m at this point, not even trying to figure it out.

51:17
I’m just trying to win. That’s all I give a shit about right now. How do I win? And I’m launching multiple ad accounts with the best things that are working. Sounds like black magic, Nick. It’s, it’s, it’s stuff I’m not, I’m not sitting here trying to like advocate for, but right now people need to win, right? People need to win. And especially this is, this is the make money time for a lot of brands. This is something that we’re, diving aggressively into. Right. So basically just try a new ad account and see if, see if it works. If it doesn’t.

51:47
open up another one. These are just different things that you’re trying and just seeing what works right now. And that’s what’s working for you right now. Right. As of right now, that is what’s working. We have three brands running on this and across different niches and industries. And we have as much as 25 accounts open for one brand. This whole thing is just really sketchy to me. Like with them having a record quarter with the 30 % cutbacks, CPMs are getting higher. I don’t know, man. It just doesn’t make me want to trust these guys as much.

52:16
going forward. But Steve, what do you do? Well, no, mean, there’s no real good alternative right now. But it opens the doors for a competitor to come in. Maybe TikTok will be that platform going forward. Who knows? I hope it is. I hope it is. I send my prayers to Zuck every morning and go like, hey, today’s the day. Keep it going. Please, please, whenever you want, switch it over. I’m ready for it. You know what’s funny is like, I said this in previous episodes, I’ve gotten

52:44
burned by Facebook like many, many times where I’ll go all in on something and then it stops working abruptly. Like pages, groups, messenger, you know, it’s, I just never learned my lesson. So I guess the key is just to diversify yourself, right? And just not rely on a single traffic source and you should be good in the long run. think that and measuring first time customer acquisition and your overall retention, like how, how are you building a business?

53:12
And this is more like high level. How are you building a business that people want to come back and buy from it? Right? We have great examples of this, whether it’s a consumable product, whether it’s a limited edition drop, whether it’s some sort of exclusive something or other, those are the businesses that are working. No longer are you taking a product, changing the color or changing the cap and then making it work. You have to be diligent in building a business. And then all the owned marketing platforms like email and SMS are keys to making that happen.

53:43
Absolutely. more, more so this year and people have been talking about messenger and SMS for, I feel like forever. And it’s, it’s still like, even when we host our events, like we, we always try to throw like an SMS expert in there. And it seems like people are going, Oh, I didn’t know that could happen. I didn’t know you guys can do that. Why not? Like, why didn’t you know that that could happen? That’s something that’s you, how many SMS is, do you open up? How many text messages do you respond to? How many two factor authentic, authentic vacations are you approving through your phone?

54:11
There’s so many things here that people are not taking into consideration or just taking the time to try and learn honestly is what it is. Absolutely. I I went all in on SMS like a year and a half ago. I’m so glad I did. It’s, mean, it’s probably the best medium for both of my businesses right now. So wow. Nick, man, thanks a lot for coming on the show. This was really good.

54:33
And for everyone listening out there, this is like the inside scoop from someone who runs and spends a ton on ads and really understands the landscape. So I thank you, Nick. I’m very grateful for Steve as well. And anybody else, if you have questions, I’d love to talk to you. I’m on Twitter, I’m on Facebook. Just search the name and I’m there.

54:54
Hope you enjoyed that episode. Now, if you couldn’t tell from that episode, Nick is an open book and he’s also a speaker at Seller Summit 2022. So if you have any questions for him in person, meet us in Fort Lauderdale, Florida on May 4th. For more information about this episode, go to myvotequitterjob.com slash episode 391. And once again, I want to thank Postscript, which is my SMS marketing platform of choice for e-commerce. With a few clicks of a button, you can easily segment and send targeted text messages to your client base. SMS is the next big own marketing platform and you can sign up for free.

55:23
over at postgroup.io slash Steve. That’s P-O-S-T-S-A-R-I-P-T dot I-O slash Steve. I also want to thank Clavio, which is my email marketing platform of choice for e-commerce merchants. You can easily put together automated flows like an abandoned card sequence, a post purchase flow, a win back campaign. Basically all these sequences that will make you money on autopilot. So heading over to mywifequitterjob.com slash KLAVIO. Once again, that’s mywifequitterjob.com slash KLAVIO. Now I talk about how I use these tools on my blog.

55:53
And if you are interested in starting your own eCommerce store, head on over to mywhipqtr.com and sign up for my free six day mini course. Just type in your email and I’ll send you the course right away. Thanks for listening.

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Ready To Get Serious About Starting An Online Business?


If you are really considering starting your own online business, then you have to check out my free mini course on How To Create A Niche Online Store In 5 Easy Steps.

In this 6 day mini course, I reveal the steps that my wife and I took to earn 100 thousand dollars in the span of just a year. Best of all, it's absolutely free!

390: The Secret To Growing A YouTube Channel Fast, Organically With Jake Thomas

390: The One Thing That Can Make Or Break Your YouTube Channel Videos With Jake Thomas

Today I’m excited to have Jake Thomas on the show. Jake is the founder of Creator Hooks where he analyzes the secret psychology behind what makes people click and how to come up with engaging content ideas.

In this episode, we discuss the elements of a great headline, how you can blow up your YouTube channel, podcast, TikTok, or any content-related site with the power of copy.

What You’ll Learn

  • Jake’s background story and his motivation for creating Creator Hooks
  • How to write better titles that people can’t help but click and the psychology behind it
  • Mistakes people make when writing content titles

Other Resources And Books

Sponsors

Postscript.io – Postscript.io is the SMS marketing platform that I personally use for my ecommerce store. Postscript specializes in ecommerce and is by far the simplest and easiest text message marketing platform that I’ve used and it’s reasonably priced. Click here and try Postscript for FREE.
Postscript.io

Klaviyo.com – Klaviyo is the email marketing platform that I personally use for my ecommerce store. Created specifically for ecommerce, it is the best email marketing provider that I’ve used to date. Click here and try Klaviyo for FREE.
Klaviyo

EmergeCounsel.com – EmergeCounsel is the service I use for trademarks and to get advice on any issue related to intellectual property protection. Click here and get $100 OFF by mentioning the My Wife Quit Her Job podcast.
Emerge Counsel

Transcript

00:00
You’re listening to the My Wife Could Her Job podcast, the place where I bring on successful bootstrap business owners and delve deeply into the strategies they use to grow their businesses. And today I have an amazing guest on the show, Jake Thomas. And Jake is the founder of creatorhooks.com where he analyzes the secret psychology behind what makes people click on YouTube videos and how to come up with engaging content ideas. And I’ve been using many of his techniques in the past 60 days and my YouTube channel this month is up 40%.

00:26
So today we’re gonna talk about the elements of a great YouTube video headline. But before I begin, I wanna thank Postscript for sponsoring this episode. Postscript is my SMS or text messaging provider that I use for e-commerce and it’s crushing it for me. I never thought that people would want marketing text messages, but it works. In fact, my tiny SMS list is performing on par with my email list, which is easily 10x bigger. Anyway, Postscript specializes in text message marketing for e-commerce and you can segment your audience just like email.

00:52
It’s an inexpensive solution, converts like crazy, and you can try it for free over at postscript.io slash div. That’s P-O-S-T-S-E-R-I-P-T dot I-O slash div. I also want to talk about Klaviyo, who’s also a sponsor of the show. Always excited to talk about Klaviyo because they’re the email marketing platform that I personally use for my e-commerce store, and I depend on them for over 30 % of my revenue. Now you’re probably wondering why Klaviyo and not another email provider. Well, Klaviyo is the only email platform out there that is specifically built for e-commerce stores

01:21
And here’s why it’s so powerful. Klaviyo can track every single customer who has shopped in your store and exactly what they bought. So let’s say I want to send an email to everyone who purchased a red handkerchief in the last week. Easy. Let’s say I want to set up a special autoresponder sequence to my customers depending on what they bought, piece of cake, and there’s full revenue tracking on every single email sent. Klaviyo is the most powerful email platform that I’ve ever used, and you can try them for free over at klaviyo.com slash my wife. That’s K-L-A-V-I-Y-O dot com slash my wife.

01:50
And then finally, I wanted to mention my other podcast that I released with my partner, Tony. And unlike this podcast where I interviewed successful entrepreneurs in e-commerce, the profitable audience podcast covers all things related to content creation and building an audience. No topic is off the table and we tell like how it is in a raw and entertaining way. So be sure to check out the profitable audience podcast on your favorite podcast app. Now on to the show.

02:19
Welcome to the My Wife Could Her Job podcast. Today I’m really happy to have Jake Thomas on the show. Now, Jake is actually someone who I met virtually at a mastermind run by our mutual friend, Antonio Centeno. And he is the founder of Creator Hooks, where he analyzes the secret psychology behind what makes people click and how to come up with engaging content ideas. And I’m on this guy’s newsletter. It’s actually one of the few that I look forward to receiving every single week. And in this episode,

02:47
we’re going to discuss the elements of a great headline, how you can blow up your YouTube channel, podcast, TikTok, or any content related site with the power of copy. And with that, welcome to the show, Jake, how are you doing today? I’m doing excellent, Steve, how are you? I am good. So happy to have you on. Like I said, so one thing I didn’t tell the listeners is that I actually was not able to make it to that meeting, but I saw a recording of our mastermind meeting and everything that Jake had to say was amazing. So I knew I had to have him on the show.

03:17
Thanks. But Jay, give us, give us a background story and your motivation for creating creator hooks.com. Yeah. So, uh, creator hooks was, you know, was working for a fishing company. had my dream job. I was doing marketing, uh, lots of content. So we were publishing, uh, two videos a day, two blog posts a day, and I was writing two email subject lines a day. So I just needed like a lot of, a lot of, uh, headlines, a lot of copy. And I was, you know, after two years of that, I started kind of running out of ideas.

03:45
So needed some outside inspiration. then around, kind of earlier this year, we were a fishing company and my boss was talking to this guy who had a hunting company. And he’s like, yeah, we did this podcast about newbie hunting gear. did really well. So we use that same exact framework and we did a podcast about newbie fishing gear. And of course that did really well for us. was our most downloaded podcast of the month, our most open email. And that was kind of like when the light bulb went off. There are frameworks

04:15
that people love, kind of no matter what industry you’re in. So, you know, and I’m a perfectionist. I like to do things that work. like for everything to be perfect. And just like the thought of being able to model something that is already proven to work that can greatly increase your chances of getting someone to click on a video or open up your email, which just like, you know, that was like the best thing ever for me, you know, as opposed to making, coming up with something out of the blue.

04:44
and hoping that it works. So I started doing that a lot for myself, just looking through other industries, looking for frameworks that people love. And then I was like, hey, this is working for me. This could probably work for other people. So I started a newsletter and it’s just pretty much presenting five frameworks, kind of reverse engineering them like, hey, this is why these work. then just, this is how you could use it for your industry. And that’s been awesome.

05:12
met a lot of people like, I met you through this, you know, I’ve met some consulting clients. And since then, I’ve actually quit my job. That was my dream job. So I’m all in on this and kind of another little side project I have going on. But but yeah, you know, just it’s opened a lot of opportunities for me. know, I get this news that I think you said, is it on Monday? Yep. Yeah. I actually just want all of the formulas all at once.

05:39
I was like, if you just put this all together in some sort of course or book, like I would have picked that up. Yes. That’s, that’s great that you say that. That is something that I’m working on. Nice. They’re kind of two options, like, you know, an ebook, you know, kind of explaining all the underlying, like reasons why people are clicking in, like kind of the, big, the big patterns. And then also like, I have this big swipe file and I’m not really sure what to do with it. I love it. And I use it.

06:09
Um, and it seems to me like that only really like kind of high level people like swipe files. Cause I’ve, talked to, was at bid summit last week. I talked to a lot of people and it seemed, this is like kind of, you know, being a little judgmental, but the people who really are on top of their game, they wanted to swipe file, but it seemed like maybe the people who weren’t really sure what they were doing, they wanted like a title generator. Um, so, you know, I’m, I’m

06:38
I’m monetizing the email list through consulting, but I’m looking for a product that I can sell. so it’s great that you said that. Yeah. you were doing six titles per day at your job? Yeah, we were doing two YouTube videos a day and then two blog posts a day. And they were the same. The blog post was pretty much modeled after the video. But Google doesn’t really like it when you have the same

07:06
title for the blog as the video. So I tried to switch it up a little bit and then we were emailing those out every day, every morning and night. So yeah, we were publishing a lot of content. That’s crazy. So did you guys have like a framework back then or is this framework something you came up with after you quit? So I started using these frameworks before I quit. And like that was like my kind of original testing ground. I was like, you know, if this works here,

07:34
if it works for fishing, it’ll probably work for something else. I use that as a lot of inspiration. then since then, I’ve used the same underlying theories. one is contrast. So there’s this one video, it was five strange things your vagina does that are normal. So it’s the contrast between strange things and normal. I actually used those, I was doing some consulting for a client.

08:04
and I was writing a title about war weapons. So I used that same contrast of this failed weapon that the military loves and that killed it. That was the best title that I’ve ever written for them. So I’m really on the hunt for what are these underlying things that make people click. Let’s talk about that one because that was one of the things that you presented at the Mastermind that particularly caught my attention. This idea of contrast.

08:33
when you read a title that has two conflicting words in it, it really does catch the attention, but it’s actually hard to do. I actually tried to do it for my last couple of videos and I failed. So can you give me like an example of how you come up with that? So you had that one about vaginas, but can you just give me another example? I hope I don’t get screened out for that, but yeah. Yeah, I mean, that’s a, I think that is probably like, probably one of the hardest things that you can do. You know, there are a lot of,

09:02
these other frameworks that are just really easy, but using contrast, you know, so I have kind of a theory like, you know, when you’re writing a title, there’s like the art and the science of writing a good title. So like the science is like, all right, these are the frameworks that work, like, you know, use authority, use curiosity, use, you know, fear and negativity. And then the science is like, or the art is like, how do you actually frame that in a way that makes people want to click? How do you write good contrast? So, you know, strange things that are normal is one.

09:31
you know, cheap things that are expensive. like, you know, maybe like five cheap ways to, you know, five cheap upgrades to double the price of your rental home, you know, something like that. know, okay. You know, maybe doing something like slow and fast, like, you know, how to, you know, slow things like to get rich fast, you know, something like that, just thinking of opposites. And then how do you kind of pit those two against each other? You know, cause I think that if you’re

10:00
You’re scrolling through YouTube and you see strange things that are normal. It kind of makes you do a double take and you’re like, wait, what a minute, like, what is that? And then with that double take, that brings all your attention to that title. And that just gives you more time to read, understand like what it is. And it opens a loop. Like, you know, how, what are these strange things that are normal? don’t understand. And like, in order to close that loop, you have to watch that video. So, so it does a lot. One, it makes it catches your attention.

10:28
So you pay attention to it too. opens the loop. So you have to watch it. So it’s just a, it’s a great tool that you can use. It’s really hard to pull off, but if you can, it’ll work well. So you mentioned the words open loop just for the listeners out there who don’t necessarily know what that means. Can you just kind of define it? Yeah. So like opening a loop, like, um, you know, is just kind of like starting a story, but not ending it. So, you know, like you might say, you know, here’s how you can, here’s how you can, uh,

10:57
get more views on YouTube that that opens a loop because like, I know like, oh, this is like, I want to get more views on YouTube and like, here’s how like, but like, I don’t know how so I need to close that loop. I need to get the rest of the story. So so I have to click. So let’s go down some of your favorite formulas that have worked for you. mean, obviously, you’ve done this for many years, and you’ve probably written a ton of headlines. You must have your go tos.

11:27
Yeah, I’ve got a few. like, you know, we just said contrast is pretty hard to pull off. But a couple of these are really easy to pull off. like one is Sonny Leonard Duzis, the ugly truth about entrepreneurship you don’t see. So like the truth about something like that’s like an easy one that anybody could do that opens a loop like and the ugly truth like has a little bit of like negativity, like a little bit of scandal. So you’re like, oh, like, you know, what is this? Like, you’ve got to know.

11:56
So you could do the ugly truth about anything, the ugly truth about podcasting, most people don’t know, the ugly truth about e-commerce you don’t see. That’s a really easy framework that anybody could use. It’s got a lot of curiosity, some negativity there. And curiosity and negativity are the two most popular themes. You can exchange negativity with fear, loss aversion, FOMO, anything there.

12:22
So yeah, so the ugly truth or the truth about something is a good one. Can I ask you a quick question before we go on? So when I write a blog post and it’s different from the way I do YouTube, I’m often doing SEO keyword research before I write a blog post, less so with YouTube, but I still do it. How do you include like the keyword and yet still create a compelling headline? Yeah, so that’s a good one. So I have my main source of income right now.

12:50
is a blog about golden retrievers. I make money through affiliates and through ad revenue. And one of my better blog posts is about black golden retrievers. So that’s a surprisingly popular search term. the title for that is the truth about black golden retrievers. So black golden retrievers is the search term there. then the truth about…

13:18
the truth about. So that’s only three words. you’re not like, you know, the, the topic is still kind of forefront in that, um, you know, in that title. So it’s really just thinking about what is, what is someone trying to figure out when they’re searching for something and then how do I deliver that to them? So like in this case, the truth about black gold retrievers makes a lot of sense because people are like, like, you know, do they really exist? Like, you know, what’s going on here? So that’s one way to do it.

13:48
Another way is to, know, timeliness is another, what I’m calling them like the 10 spiciness factors. So like you’ve got your blog posts, you you want to write about something. I’ve been using these 10 spiciness factors to kind of make them a little bit more click worthy. So timeliness works really well. So if you might be talking about, you know, e-commerce SEO in 2021.

14:17
So that in 2021, SEO is always changing. So people are always, they always want to know what is working now. So timeliness is a great way to tell people, hey, this is working right now. And this is how you can get more clicks. Another thing that works really well, especially in the fitness is like timeframes. So like, how to get a six pack in 22 days or like, how to rank your store on Google in 30 days or less.

14:47
So, timeliness and timeframes are two easy ways. You can just kind of tack them on at the end of like your kind of your search term. And that’s going to give you a little bit of an edge that’ll make people want to click more. So just curious, why isn’t it the ugly truth about black golden retrievers? So actually I wrote this like a year ago. So I didn’t, I hadn’t started a creator hooks yet and I didn’t know the ugly truth. So it was just the truth about and

15:16
It’s been working, so I’m not going to change it. So here’s what I’ve noticed about Google. And you can tell me your experience on YouTube. Google doesn’t like negative headlines as much. Like if you look in the front of the search results, at least in my niche, which is kind like the make money e-commerce niche, you’ll, you’ll rarely find any negative posts out there. But I remember you saying in the mastermind meeting that on YouTube, negativity tends to work better. Can you talk about that a little bit? Ah, yeah, that’s a, that’s super interesting. And that’s.

15:46
I have a theory. if you’re searching for something, because you’re right, and I didn’t really think about that until now, but you’re exactly right. I think if you’re searching for something, it would be better to, want a positive answer. Like, all right, this is how I do something. So slapping something in there like the timeframe or like timeliness or something, that would be good. And then…

16:11
YouTube is a, it’s yeah, it’s a search term, but it’s like most of the videos are watched through discovery and people are drawn to negativity more than positivity. So I think that’s why I think, you know, most, uh, you know, most negative kind of frames work well on YouTube because it’s, it’s a discovery platform more than a search platform. Can you give me some examples of

16:40
where you tried a positive headline and a negative headline and the negative. Well, just give us some examples of negativity first of all, just in case the listeners don’t know what you’re talking about. Yeah. So the guys that pay it forward, it’s a YouTube channel. It’s like P A Y E T T E. They are like a technology channel and they talk a lot about like iPhones and they just made a video. I think it was like a week or two ago. It was about iOS 15 settings and the

17:09
iOS 15 settings that you need to turn on did really well. It got like 240,000 views and most of their videos were getting like, I don’t know, 20 or 50 or a hundred thousand views, but iOS 15 settings you need to turn on did really well. got 240,000. And that a lot of that is because of Timely. know, iOS 15 just launched, so that’s great. But then they made a video the very next week about iOS 15 settings you need to turn off.

17:39
And that one, I believe it’s, might be at 2 million views now. Oh, wow. And like, so 240,000 was really good for that channel. Now this one, this settings that you need to turn off is at 200. Is that like, I think it’s 2 million views. When I looked at it first, it was like 1.2 million views. Then I looked at it again, I think it was last night. It was like 2 million. And so we got like another million in like a week. Um, so that’s just like, uh, that’s like the purest example of negativity that I’ve ever seen.

18:09
You know, it was the exact same formula iOS 15 settings that you need to turn on or off right now. Um, and also like the thumbnail was pretty much exactly the same too. Um, except, know, the, the facial expression was, you know, a sad or like, or versus happy. So that was just like a, just a cool example of like right there in your face, back to back, like, you know, they proposed it a week apart. So that’s negativity. What is your theory on why negativity works better than positivity?

18:41
So let’s say like you and I, we’re living 10,000 years ago and I’m like, hey, Steve, there’s a couple berries in that field over there. You might be like, oh, cool. I’m going to go pick them later. But if I say, hey, Steve, there’s a saber-toothed tiger over there. Don’t go over there. You’re going to listen to me for sure because that’s life or death. Yeah, a couple of berries, that’s cool. But if you’re talking life or death, if you don’t listen to me, you’re going to die.

19:07
So think that we’re like wired to listen to negativity and like loss aversion, moving away from pain and like FOMO. I think we’re just wired to listen to that more because the cost of not listening to that is a lot greater.

19:25
If you sell on Amazon or run any online business for that matter, the most important aspect of your long-term success will be your brand. And this is why I work with Steven Weigler and his team from Emerge Council to protect my brand over at Bumblebee Linens. Now what’s unique about Emerge Council is that Steve focuses his legal practice on e-commerce and provides strategic and legal representation to entrepreneurs to protect their IP. So for example, if you’ve ever been ripped off or knocked off on Amazon, then Steve can help you fight back and protect yourself.

19:54
Now, first and foremost, protecting our IP starts with a solid trademark and Emerge Council provides attorney-advised strategic trademark prosecution, both in the United States and abroad for a very low price. And furthermore, the students in my course have used Steve for copywriting their designs, policing against counterfeits and knockoffs, agreements with co-founders and employees, website and social media policies, privacy policies, vendor agreements, brand registry, you name it. So if you need IP protection services, go to EmergeCouncil.com and get a free consult.

20:23
And if you tell Steve that I sent you, you’ll get a $100 discount. That’s E-M-E-R-G-E-C-O-U-N-S-E-L dot com. Now back to the show.

20:34
I actually come to think of it when I’m looking like I don’t do this all the time, but sometimes late at night, I’ll read some gossip stuff and I always click on the negative ones. Oh yeah. Yeah. So maybe it just kind of your brain’s wired to look for like scandal or something like that. Yeah, no, exactly. And like, you know, the kind of old saying like if it bleeds, it leads like in news, you know, there’s all there’s that. But but yeah, and I

20:59
I’ve always loved titles and like what makes people click. And I stumbled on like a really old swipe file that I had like NeverNote. It was like six years old. And it was just titles that like made me stop my tracks. There were only a few, but every single one of them was negative. All right. So we’ve talked about contrast. We’ve talked about timeliness. We’ve talked about negativity. What else is in that playbook of yours? Yeah. So, um, so curiosity.

21:27
is a big thing. There are three emotions that make people click, curiosity, fear, and desire. Most good videos have a combination of curiosity and fear or curiosity and desire. With curiosity, that’s pretty much the most important one. There are so far, like my working theory, there are seven ways to build curiosity. One is to open a loop.

21:57
Um, which we already talked about, uh, two is negative lists. So like, you know, 10 iOS, 15 settings that you need to turn off like that, that builds curiosity. Like, Oh, why do I need to turn those off? Um, so negative lists, uh, another one is FOMO. Um, so one really good title is the number one skill you’re missing to make running easier. Um, you know, so that just like, you know, hits you square on the FOMOs right there. Unveiling a secret is another one.

22:25
No. like you know, top 10 hidden, hidden, you know, windows 10 apps or like, you know, 10 hidden somethings, you know, just when you’re unveiling a secret that kind of, there’s a little bit of scandal and you’re like, what is this? It kind of draws you in stopping doing something that’s common or beneficial. So another good title was, it was on, it was about YouTube. was, I stopped asking people to subscribe. And that just kind of like, kind of challenges your assumptions. You’re like, wait a minute, like,

22:55
Why would I stop asking people to subscribe? It’s best practices right there. And another one was from a wealth channel and it was, stopped telling people we’re debt free. So that’s one of those things where it’s the exact same framework, but just tailored to that industry. And both of those videos did seven, eight, nine times better than the channel average. So there’s obviously something there. So stopping doing something common or beneficial, contrast we talked about.

23:24
And then also talking about the future. know, like inflation is coming, do this, you know, so do this like opens a loop. like, when you’re talking about the future, you know, people, people want to know what’s happening. They want to know like, how can I, how can I be prepared? And it’s also like, you know, that builds a lot of curiosity. You know, what is, what is happening? So that’ll drop people in. So that’s, those are a couple of ways to build curiosity right there. the one that you just gave, I stopped asking people to subscribe.

23:54
That has curiosity and that also has contrast too, right? In a way. Yeah. And, negativity, you I stopped you, stopped doing something. Um, so yeah, I mean, you know, these, they, there’s a lot of overlap in all these, uh, and, know, as I’ve got a list of right now, like 127, you know, titles that have proven to do really well. And, uh, that list is growing every week. Um, and a lot of these, they’re, have a lot of these elements, a lot of these titles have a lot of these elements overlapping.

24:24
and they’ll have multiple of them. So one thing I like about your email newsletter is that you give these hook scores for each of the types. How do you come up with that score? Like how does the score work? Yeah, so the score is a multiple of how well a video did compared to recent videos. So it’s kind of tough because, you know, with my, the fishing company that I was working at, we were publishing two videos a day. So, you know, so if,

24:53
If in a week we’re publishing 14 videos, so that’s different to like kind of compare that to, let’s say like if, uh, you know, someone posts like every month, you know, um, the frequency is a lot greater. So, you know, it’s, it’s hard to compare apples to apples. And then also like, let’s say you have a channel that, that has like a million subscribers and they get a million views. Like that’s cool. But like also, you know, it’s, it’s not unheard of.

25:21
But if you have a channel that has a hundred thousand subscribers, and they get a million views, that’s a lot different. So the, the, uh, the hook score is just to help you compare apples to apples across different channels. It’s looking at, you know, kind of like the most recent videos and it’s taking an average and then it’s saying, all right, this video did, you know, 10 times better than the average. So for instance, if a video, if a video or if a channel all like they’re, you know, 10 or 20 recent videos have.

25:49
10,000 views, but one got 100,000 views. And that would be a hook score of a thousand because it did 10 times more views than the average. So it helps you compare videos across channels with different subscriber counts. Interesting. does it take into account that that includes the thumbnail though, right? So it’s not separated out the thumbnail and the title aren’t separated out. That is correct. Yeah. you know, there are

26:17
There are three things that make people click your video. It’s the thumbnail, the topic and the frame. know, so a thumbnail will definitely catch somebody’s eye. The topic, like, let’s say you have a physical therapy channel. If you talk about back pain, like pretty much all of your videos are going to do well about back pain. Then you’ve also got the frame, which is what we’ve pretty much been talking about this whole time. So like the ugly truth about back pain or, know, I quit my…

26:46
You know, I got rid of my back pain after doing these three things. So that’s like the frame and through, you know, studying just like hundreds of videos. Um, you know, my goal is to take out the effect of a killer thumbnail or a killer topic. Um, you know, I can’t, I can’t separate them out. Uh, but just looking at kind of the law of large numbers here, hopefully patterns will, uh, will arise after, you know, after looking at, at a bunch of them. Yeah. One thing that.

27:14
And I’m kind of curious how you do this analysis. You’ll notice that some channels, they’ll publish anything with a crappy title, anything, and it’ll still get like a million views, right? So are you looking at channels that are smaller? Yeah, so yeah, I mean, I’ve got a range of channels. I’ve got a list of a couple hundred channels that I go through every week. So it’s tough. if a video gets, or if a channel publishes like hit after hit after hit,

27:44
and they’re just not going to make it on the on the email list because you know, because there’s nothing that like stood out. that’s that is a hard thing. Like, man, if this if this channel is just crushing it, then there’s nothing that I can do. I can’t say, oh, this actually worked better because of this. So that’s that’s another kind of hard thing to to manage here. So how would you use these techniques in the e-commerce world? Like if you were selling physical products, how would you apply this?

28:12
Yeah. So, you know, there’s a couple of different ways. One, you know, we already talked about ranking on Google. So using, like timeliness or timeframes to help rank. There’s also email subject lines that I use, you know, so you can use these same exact formulas to get people to open up your emails. And then like in your product descriptions, you know, really thinking, how do I build curiosity or like, how do I

28:41
How do I kind of touch on negativity? So like in this case, negativity might be like loss aversion. So you might talk about how a product helps you avoid losses versus like get gains. Or if you’re talking about like the benefits of a product, you might say, here are the 10 reasons why you should buy this product. You know, cause lists work really well. And if we’re talking about like timeliness, you could talk about why a product can help you right now.

29:11
if you’re like a help you get abs right now. Like if it’s, you know, if it’s January 1st, maybe you’re changing your copy to be like, Hey, like in your fitness company, you might change your copy to be like, Hey, you know, for your new year’s resolution, it’ll get this ab killer 9,000 or whatever. Um, you know, because you know, that’s what’s on people’s minds right now. Uh, another one is authority. So you can be like, yeah, Elon Musk’s uses this, um, this kind of, this kind of thing. It is Tesla.

29:41
Can we talk about loss aversion real quick? Is that a form of negativity, I guess? Yeah, yeah. So negativity is just like a, it’s kind of like a catch all, catch all category. You know, there’s FOMO in there, loss aversion, there’s a lot in there. So yeah, yeah, let’s do it. I’m just thinking to myself now, it’s really good because listening to these things makes me really analyze headlines. I used to hide my ads in my Facebook feed, but now I actually watch them all because it’s fascinating to me.

30:11
Oh yeah. Loss aversion. I know for me, like let’s say I make a sale in my e-commerce store and then someone asks for a return. That actually hurts me a lot more than not ever getting that sale in the first place. Yes. So psychologically, and I’m trying to think of how to do this with headlines. You gave a couple of examples, like how to not lose X and X. So based on what you’re saying, should I make all my headlines negative?

30:40
Yeah. that’s a, all right. So I’ve got, I got some stats for you. So 36 % of these titles have negativity. Uh, 50 % of them have curiosity and then only 13 % have a deep desire. So I think it also depends on like your market. Like, you know, if you’re selling handkerchiefs, uh, you probably wouldn’t want to lean that hard on like fear and like negativity. You could definitely sprinkle it in.

31:08
But I think it’s surely something worth testing. Even if you don’t use it, could just try to, I think Neil Patel calls it like the evil twin. If something like how to do something is working well, then you might say the five mistakes doing that same thing. it’s just flipping it over and doing the negative version. So I think it’s definitely worth testing.

31:34
There are some markets where fear just works really well. like in finance, like the old Agora, like newsletters work really well, talking about inflation and the stock market crashing, people just eat that stuff up. then if you’re a spiritual holistic channel, you probably don’t want to talk about how the world is ending. Just stuff like that. I think it depends.

32:02
If you’re going for a hit and if you want to be a little on the edgier side, it’s tough to beat negativity. But I think it’s all about your market. Well, I’m just thinking for YouTube, where you’re not necessarily talking about your product, it just seems like you should skew negative on your headlines. I so I talked about that Pay It Forward channel earlier. And if you look at their most popular

32:29
their most popular videos, sort their channel by most popular. Every single one of them is about, is negativity. Like it’s, all about like iOS 14 settings that you should turn off. It’s iOS 13 settings you should turn off. Like turn these settings on your iPhone off right now. Like turn these Android settings off right now. They’re all negativity. So yeah, I mean, that’s it. Like, yeah, people love it. They can’t get enough of it. You know, and another thing is like, if you have a bunch of like positive stuff,

32:59
then you could just try to add some curiosity to that. If you don’t wanna add negativity, add curiosity, like try to open up a loop, try to use contrast there. So that’s one way to kind of not get around negativity, but like if you have a positive topic, instead of making it negative, try throwing in curiosity there. Can you give me an example of the desire headlines that did really well? Yes. Here’s a a negativity one and desire.

33:28
So it was from a channel that talks about like home stuff like DIY projects. It was never solder again, how to connect wires the easy way. So never solder again, like it kind of hits you with that negativity there and then how to connect wires the easy way. And the reason that this is a deep desire, I’m assuming I’m not like, I’m not this target audience, but like all of their top videos were about connecting wires. So I’m assuming that’s just like a…

33:58
That’s a deep desire in that niche. Another one was a five minute killer, lower abs and obliques home workout. like lower abs and obliques, like that’s a deep desire one. You’ve got five minutes in the beginning there. So you’ve got a timeframe, um, you know, and then home workout kind of, you know, it almost like refutes an objection of like, ah, like I can’t do this workout. Like, you know, I don’t, I don’t have a gym membership or I don’t have enough time, like five minutes at home. Like,

34:27
you kind of have to watch this video because you have no excuse not to. Another one was I quit my $120,000 job after learning three things. I quit my job. It’s like, boom, for me, that was my deepest desire for years. And then after learning three things, that opens a loop that’s got a list. There’s a lot in that title.

34:54
Can you walk me through like your framework? Like, let’s say you have to write about something. I guess this where the art part comes in. What is your process? Yeah, so, so I, you know, I think, I think like, all right, what do I, what do I want to write about? And then I’ll kind of go through the 10 spiciness factors and like, how, how do I, how do I, you know, what would be the most natural thing to add in there? So let’s say,

35:23
talking about how to potty train a golden retriever puppy. So I have a, that’s like my biggest lead magnet on my blog about golden retrievers is how to potty train your golden retriever puppy. And I think I rank like number one or two for that. I was thinking like, so you have your subject, how to potty train a golden retriever puppy. And then you go through kind of the 10 spiciness factors. I’ll just kind of walk you through this here. like curiosity. So how would I add curiosity to potty training a golden retriever puppy?

35:53
Never scoop your poop again with this secret formula. Yes, exactly. Or like, you know, the number one thing to to make potty training your puppy easier. Like, boom, like, you know, what is the number one thing you kind of that makes you ask that question? So that’s one way to add curiosity. I might say, like, all right, negativity, like the five mistakes to potty training your puppy. You’re kind of like what we said, like if this is a blog post that I’m trying to rank on Google.

36:20
I’m not going to use that negative title because it’s probably not going to rank well. And usually I make that decision when I’m looking at the top. Well, I’m looking at what’s ranking on Google already. And you can kind of see, all right, this is what Google wants. Google doesn’t want the mistakes to rank to potty training your puppy. So, okay, I’m not going to use negativity. So now I’ve got list. All right, well, 10 tips to potty training your puppy. You’re going to treat your puppy. That’s a good one. Authority.

36:48
How Zach George potty trained his potty trains a golden retriever puppy in two weeks. You got timeliness, how to potty train your Christmas puppy or something. That’s not gonna work. The next one is beginner tips. How to potty train your puppy as a new puppy owner. All right, that’s a good one. We got timeframes, how to potty train your puppy in five minutes. So I’m just, I’m gonna run through this list. I’m probably gonna write 10 titles, maybe more. And then to figure out, you what is natural, what is normal.

37:17
and then look at like what’s already worked in the past. If I’m trying to rank on Google, I’ll look at what’s on the first page. But just trying to figure out what would really satisfy my audience’s desire here. So if you got 10 headlines, how do you assign your own headline score or hook score, so to speak? So yeah, so the hook score is like a retroactive score. I use that to figure out how a video did.

37:44
And it’s pretty much on another channel and just so that I can compare how that video did to the other videos and also to videos on other channels. Got it. So when you had these 10 headlines, how do you narrow down the winner? So that’s, yeah, it was like you said, and that’s the art. it was just really thinking like, what is like my audience is like kind of biggest fear, biggest desire here. So the case of potty training, your gold retriever puppy, the thing that people want the most is they want to do it fast.

38:13
They don’t really care how like a professional trainer did it. They don’t care. Um, you know, like they don’t care about anything. They just want to do it fast. So that is how I would make that decision because I know that this is really what my audience wants. So I’m going to, I’m just going to give it to a right there in the title and they’re going to say, boom, this is what I want. This is what I need. And that’s what’s going to make them click. Got it. Do you do any testing a little bit? Uh, so I do testing. help with like my consulting. I helped them do testing.

38:43
I’m not really doing any testing on my blog posts. then I’m looking at trends with my email open rates. So I’m trying to figure out, this worked, this did not work. So really the testing that I’m doing is for consulting clients.

39:06
I just wanted to let you know that tickets for the 2022 Seller Summit are now on sale over at SellersSummit.com. Now, what is the Seller Summit? It is the conference that I hold every year that specifically targets e-commerce entrepreneurs selling physical products online. And unlike other events that focus on inspirational stories and high-level BS, mine is a curriculum-based conference where you will leave with practical and actionable strategies specifically for an e-commerce business. And in fact, every speaker that I invite,

39:33
is deep in the trenches of their own e-commerce business. Entrepreneurs who are importing large quantities of physical goods and not some high-level guys who are overseeing their companies at 50,000 feet. The other thing I can assure you is that the seller summit will be small and intimate. Every year we cut off ticket sales at around 200 people, so tickets will sell out fast and in fact we sell out every single year many months in advance. Now if you’re an e-commerce entrepreneur making over 250k or $1 million per year in revenue,

40:00
We are also offering an exclusive Mastermind experience with other top sellers. Now the Seller Summit is going to be held in Fort Lauderdale, Florida from May 4th to May 6th. And as of right now, we’re almost already sold out of Mastermind tickets and we’ll be raising the price every month leading up to the event after Cyber Monday. For more information, go to sellerssummit.com. Once again, that’s sellerssummit.com or just Google it. Now back to the show.

40:26
I’m just curious if you, for example, like split test email subject lines. This is something that I don’t really do, but I’m just kind of curious if other people do it and how in their process for doing so. That is definitely something that I plan to do in the future. Okay. Okay. You know, I know for me, like sometimes I’ll have like 10 headlines that I’ve written and I’ll pick one, but like I’m never right. Like the ones I think that aren’t that great sometimes do really well. And the ones I think are going to kill it.

40:54
end up doing that well. So I’m just wondering if there’s like a formula or some process that you’ve used to figure that out. that’s a really good question. Like, I mean, I’m with you. Sometimes I’ll think something will like kill it and it just kind of flops. So I mean, the only way to do that is to test is to try and is to just kind of lean on like, you know, this is what is proven in the past. Like, I’m going to I’m going to start with this and I’m going to take what information I get, you know, once I take my first step, and then I’m going to pivot if I need to.

41:24
Okay. You mentioned while we were talking kind of in passing, you said 10 spiciness factors. Yes. I don’t think we’ve covered all 10 yet. We’ve covered maybe five or so. What are the ones that we’re missing? All right. So 10 spiciness factors and these are in order of popularity. Okay. Like, you know, or frequent frequency, like, you know, like I said, 50 % of these titles have curiosity. So you’ve got curiosity, negativity, list, authority, timeliness, beginner tips,

41:54
timeframes, refuting an objection, comparison, and then daily habits. And if that’s in priority order? Yes, in in order of like, these are like, these pop up the most. Okay, so curiosity and negativity. Okay. Curiosity, negativity and list are the top three. Interesting. I’m gonna have to like become a pessimist now.

42:21
Usually my headlines are like in the past, they were kind of boring because Google forced me for them to be boring in a way, right? Because people sometimes are literally searching for how to do such and such. And if you look in the front of the search results, literally those are the first keywords at the front of the title. And they’re all vanilla. Like every single post on the front page has the same vanilla title. Yes. Yep. I mean, it’s like that kind of it stinks because it does kind of like

42:49
you know, straight, put a little strength, a hold on your creativity. But like Google has figured out that this is what people really want. So, you know, kind of your only shot there to, to, to differentiate yourself is to slap something on the back. Uh, you know, beginner tips is a good one, right? How to, how to rank your store, how to start an e-commerce store for beginners. Um, you know, beginners, timeliness and timeframes are really the easiest ones there. And then in YouTube and Tik Tok land though,

43:18
It’s fair game, right? Yeah. Oh yeah. Yeah. Those discovery platforms where it’s just like, you know, you’re trying to, you know, you’re, it’s not search. People are just kind of mindlessly scrolling. Like what’s going to catch their, what’s going to catch their eye and boom, that’s where your curiosity and your negativity come in hard. This is what I like about all this stuff that we’ve been talking about, Jake, every, all these hooks and all these titles, literally this can be like the first line of your video, whether it be YouTube, Tik TOK, your

43:47
podcast because it actually gets them to want to listen to the rest of the episode as well. In fact, I should have started this podcast episode off with a hook. Don’t lose all of your subs. Use these, you know, 10 spiciness factors. Boom. Exactly. There you go. Yeah. I mean, it’s cool because like you can use, like, this is just psychology. Like we’re just trying to figure out what makes people click and like what catches people’s attention. So you could use it in your video title.

44:15
can use it in your intro. You can use it in your bullet points. I use these things in my subheadings and my blog posts. You can just use them anywhere. It’s really studying psychology. That’s what I love about this is that it’s not changing. An algorithm shift isn’t going to mess up why people click on something. So I love studying psychology just because it’s evergreen.

44:42
I wonder though, like sometimes on YouTube, I see a C of the same headlines. I wonder if at some point it makes sense to just kind of go against the flow and just give a straightforward title. Like if you see a C of negativity and you see one positive headline, I wonder if that makes a difference also. Oh yeah, definitely. Yeah. That’s where, that’s where the art comes in. The art comes in. I think it was, was digital marketer that they said one of their most opened email subject lines was just copywriting like lowercase

45:11
copywriting, like, boom, you have a deep desire there. But like also, it’s really stands out. So I’ve used that a lot. I’ve written emails like puppy biting or potty training. You know, and that’s, that’s proven to work well on with with email subject lines. And I’d be interested to see how it works on on YouTube videos as well. Yeah, actually, actually, there’ve been YouTube videos that I’ve watched. But granted, I know who the the person is.

45:40
where they just have like this one word title and I’ll watch it just because like, what the heck was this a mistake? Yeah. Yeah. So like Emma Chamberlain, one of like a couple of her recent videos, she has like, I think it’s like 10 million subscribers or something. Uh, but a couple of her recent videos are like one or two words. And I think the problem with that is it probably only works if you already have a huge audience that knows, likes and trusts you. And what’s here, you have to say.

46:08
So like, I think it was Jake Paul did a video. It was like, I’m so proud of my brother. And like, there’s not that much emotion in there in either of those examples. But because one, because he’s a Jake Paul brother, a Paul brother, and you know who his brother is. And two, because Evan Chamberlain has 10 million people that already love her. That works for people who have huge audiences. But if you’re just trying, if you’re getting started out and like, if you have a smaller audience,

46:36
then you need to write a title that evokes emotion. Yeah. Hey, Jake, we’ve been talking about this magical newsletter of yours, which I love. Where can people sign up for this? Yeah. So creator hooks dot com. And I’m just going to give you a quick plug here, Jake. It literally is one of the emails that I look forward to on Mondays because it just gives me a whole bunch of ideas. Copywriting is just one of these things like it’s almost like you have to write all these things down because

47:04
I might see like a really catchy hook, but then I’ll forget about it like a day later or an hour later, I’ll forget about it. So it’s almost like I need this whole list down. I’ve actually been taking your emails and then putting them down in a list. So every time I need to write something, I’ll just kind of go down each one of these headlines and see if I can like wedge one of my things in there. Yeah, that’s exactly what I do when I write headlines and email subject lines. I just, have this list. You know, I have a folder for my own emails. I’ll go through that, but then I also have a spreadsheet and I’ll just like,

47:34
know, zip through those and you know, as I’m writing a title for either a client or for myself, just like, you know, having a huge list of what’s already proven to work is super helpful. know, just for fun, I’m going to name this podcast episode something really boring. Hey, if it’s super boring, it’ll stand out and people are gonna play. Actually, no, I have I’ve got a good story. I want to tell you a long time ago, you did a podcast with Mike Jackness. Yep. And you guys, it was the same content.

48:03
You guys each published the same podcast and you wrote a better title than he did. And I clicked and listened to yours versus his. Really? What was that? What did I call it? don’t even remember. I don’t remember. And I like, I remember this was, this is a couple of years ago, probably like maybe three or four. And I took a screenshot and I almost emailed you, but I was like, I didn’t, I didn’t like have anything going where I want, you know, why isn’t it open this email? But, uh, but yeah, I took a screenshot and it.

48:31
because on my podcast, you guys published it like the same day. And so they were back to back. So, you know, I had to choose one and I chose yours because you, yours like made me more excited to listen to it. Ah, interesting. Well, thank you for telling me that story. I’m gonna have to rub it in. I’m like, I’m actually seeing him in a couple of days. So I’m gonna rub it in. Oh, good. Do it. Tell him to step up his title game. Well, Jake, hey, thanks a lot for coming on the show, man. I really loved this episode and I’ve learned a lot just from your news letter alone.

49:01
Yeah, thank you, Steve. This was fun. I love talking about this and I’m glad I finally got to meet you. All right. Take care. Thanks. You too.

49:10
Hope you enjoyed that episode. Now if I’ve learned anything about YouTube these past couple years, it’s that the headline and thumbnail are the most important parts of your video. If you can get someone to click, that is 90 % of the battle. For more information about this episode, go to mywebquaterjob.com slash episode 390. And once again, I want to thank Klaviyo, which is my email marketing platform of choice for e-commerce merchants. You can easily put together automated flows like an abandoned card sequence, a post purchase flow, a win back campaign, basically all these sequences that will make you money on autopilot.

49:39
So head on over to mywifequitterjob.com slash KLAVIO. Once again, that’s mywifequitterjob.com slash KLAVIO. I also want to thank Postscript, which is my SMS marketing platform of choice for e-commerce. With a few clicks of a button, you can easily segment and send targeted text messages to your client base. SMS is the next big own marketing platform, and you can sign up for free over at postscript.io slash div. That’s P-O-S-T-S-E-R-I-P-T dot I-O slash div. Now when we talk about how I these tools on my blog,

50:08
And if you are interested in starting your own eCommerce store, head on over to mywifequitterjob.com and sign up for my free six day mini course. Just type in your email and I’ll send you the course right away. Thanks for listening.

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Ready To Get Serious About Starting An Online Business?


If you are really considering starting your own online business, then you have to check out my free mini course on How To Create A Niche Online Store In 5 Easy Steps.

In this 6 day mini course, I reveal the steps that my wife and I took to earn 100 thousand dollars in the span of just a year. Best of all, it's absolutely free!

389: How To Make Millions Selling Supplements On Amazon With Mina Elias

389: How To Make Millions Selling Supplements On Amazon With Mina Elias

Today I’m excited to have Mina Elias on the show. Mina is the CEO of MMA Nutrition LLC where he sells various supplements catering to MMA fighters. In addition to his Amazon business, he also runs a successful Amazon PPC agency.

I invited Mina on the show to talk about how to grow a supplements brand and his experiences with the Amazon Launchpad program.

What You’ll Learn

  • How Mina got started and why he chose supplements?
  • How to grow a supplements brand the right way
  • What is Amazon Launchpad and whether it is worth joining

Other Resources And Books

Sponsors

Postscript.io – Postscript.io is the SMS marketing platform that I personally use for my ecommerce store. Postscript specializes in ecommerce and is by far the simplest and easiest text message marketing platform that I’ve used and it’s reasonably priced. Click here and try Postscript for FREE.
Postscript.io

Klaviyo.com – Klaviyo is the email marketing platform that I personally use for my ecommerce store. Created specifically for ecommerce, it is the best email marketing provider that I’ve used to date. Click here and try Klaviyo for FREE.
Klaviyo

EmergeCounsel.com – EmergeCounsel is the service I use for trademarks and to get advice on any issue related to intellectual property protection. Click here and get $100 OFF by mentioning the My Wife Quit Her Job podcast.
Emerge Counsel

Transcript

00:00
You’re listening to the My Wife, Quit or Job podcast, the place where I bring on successful bootstrap business owners and dig deep into what strategies they use to grow their businesses. Now today I’m thrilled to have my friend Mina Elias on the show and Mina runs a successful supplement company called MMA Nutrition, a PPC agency, and he’s actually an MMA fighter himself. So in this episode, he’s going to teach us how to be successful selling supplements and an Amazon program that he joined in the past that is a waste of time and money. But before I begin, I want to thank CleoBio for sponsoring this episode.

00:30
Now I’m super excited to talk about Klaviyo because they’re the email marketing platform that I personally use for my ecommerce store and I depend on them for over 30 % of my revenue. Now you’re probably wondering why Klaviyo and not another provider. Well Klaviyo is the only email platform out there that is specifically built for ecommerce stores and here’s why it’s so powerful. Klaviyo can track every single customer who has shopped in your store and exactly what they bought. So let’s say I want to send out an email to everyone who purchased a red handkerchief in the last week. Easy. Let’s say I want to set up a special autoresponder sequence to my customers depending on what they bought.

00:58
Piece of cake and there’s full revenue tracking on every single email sent. Klaviyo is the most powerful email platform that I’ve ever used and you can try them for free over at klaviyo.com slash my wife. That’s K-L-A-V-I-Y-O dot com slash my wife. I also want to thank Postscript for sponsoring this episode. Now if you run an e-commerce business of any kind, you know how important it is to own your own customer contact list. And this is why I’m focusing a significant amount of my efforts on SMS marketing. SMS or text message marketing is already a top five revenue source from my e-commerce store.

01:28
and I couldn’t have done it without Postscript, which is my text message provider. Now, why did I choose Postscript? It’s because they specialize in e-commerce, and e-commerce is their primary focus. Not only is it easy to use, but you can quickly segment your audience based on your exact sales data and implement automated flows like an abandoned cart at the push of a button. Not only that, but it’s price well too, and SMS is the perfect way to engage with your customers. So head on over to postscript.io slash Steve and try it for free. That’s P-O-S-T-S-E-R-I-P-T dot I-O slash Steve.

01:57
And then finally, I wanted to mention my other podcasts that I released with my partner Tony. And unlike this show where I interview successful entrepreneurs in e-commerce, the Profitable Audience podcast covers all things related to content creation and building an audience. No topic is off the table and we tell like how it is in a raw and entertaining way. So be sure to check out the Profitable Audience podcast on your favorite podcast app. Now onto the show.

02:25
Welcome to the My Wife Quater Job podcast. Today I’m excited to have Mina Elias on the show. Now, Mina is someone who I met at Geek Out in LA and I’m really glad that we met. Mina is the CEO of MMA Nutrition LLC and he runs a successful Amazon PPC agency as well. And in addition, he is the only MMA fighter that I know in person. Anyway, I invited Mina on the show today to talk about how to grow a supplements brand.

02:51
and his experiences with Amazon Launchpad. Now, Amazon Launchpad is a program designed by Amazon to help startups bring new products to market on the Amazon marketplace. But I will let Mina do most of the talking about Launchpad. And with that, welcome to the show Mina. How are you doing today? Amazing, man. I’m glad to be on the show. Dude, I’m glad to have you. For a while, I wasn’t sure if you were going to make it. I’m glad I’m here. I’m glad I’m well. So how did you get into e-commerce and what made you decide to sell?

03:20
supplements for athletes. Okay, so how did I get into e-commerce? graduated, well, I went to college in 2011, got my bachelor’s in chemical engineering and chemistry, graduated, got my master’s in industrial engineering, and then I worked the corporate ladder. know, multiple jobs as an engineer, worked my way up and, know, in 2017 or 18, no, 2018 is when, you know, I kind of was starting to

03:50
hit that peak where, you know, kind of I’m starting to maximize on my career. Like it’s, it’s that now I’m in a set path and I’m working nine to five and my boss invites me into her office. says, she’s the CEO of the company and says, Hey, you know, you’re a bright young man. have your bachelor’s, master’s, whatever. And I’d like to groom you in the next five to 10 years to take over my position and eventually run the company. And, you know, I was like, Oh wow. Like, this is amazing. But driving home.

04:19
I was like, man, like what’s going on? Like this is, I hate my life. I was waking up early, like 4.30 in the morning, going to the gym, driving 45 minutes to work, working nine, nine and a half hours, coming back. And I’m like, if I’m going to be the boss, the boss works longer hours. I mean, it’s not like I can come in any time, leave any time. And that’s when I realized like, you know, lifestyle matters and I hated my life. And I needed a change. said, I need to come up with something because this isn’t working.

04:48
worked multiple engineering jobs, it’s all the same, right? It’s so I can’t expect to keep doing the same thing and come up with a different result. just so happens, I was reading the book, Rich Dad, Poor Dad. And he was saying nine to five is a scam. It’s a hamster wheel. It’s designed to keep you blah, blah, blah, blah, blah. And kind of clicked. I’m like, yeah, man, like this makes sense. Like every job that I’ve worked, I’m kind of like in a hamster wheel and I need to come up with a business. need to start my own thing.

05:18
And so right after that, reading that book, it was kind of in September, I went on vacation to Egypt and I was chilling in Egypt and kind of contemplating, like talking to my parents. like, well, you know, what am going to do? I hate my life. This is not what I signed up for. thought this was, you know, life was going to be better. And while I was just like randomly looking for supplements online for myself, huge, huge consumer of supplements, by the way. So you asked why I got into supplements is because I’ve been addicted since I was like 12.

05:48
always in G &C. Wow. Okay. I didn’t start taking them to like 15 or 16 years old. I started with, I smuggled some amino acids because like some, you know, juiced up a steroid guy at the gym said that he takes amino acids and that’s why he’s so big. And so I was like, okay, then I need to get him amino acids to get this big. But I’ve always been into supplements. It’s just this weird addiction, but I love it. And I love reading the chemical literature and understanding like

06:18
the studies and how these people got these cyclists and they gave them this and how their performance changed and their VO2 max improved and all of this kind of stuff. I’ve really been into it and I was doing my research and I’m like the kind of guy that will buy like raw ingredients of supplements, mix them together with my existing protein or whatever, just to have like a super protein that kind of fits my needs.

06:42
I was just researching and it’s kind of like what I do, right? I’m online on the phone, like looking at different stuff and my dad’s like, what are you doing? And I’m like, yeah, I’m just researching a bunch of different supplements because I want to order them before I get back to the US. And he’s like, why don’t you make your own supplements? You know so much about it. And I said, I don’t know, like, what do you mean make my own supplements? Like have a company and he’s like, yeah. said, well, that costs a lot of money, bet. Like probably costs very, like a hundred thousand dollars or something. And he’s like,

07:11
no, how much does it actually cost? Do you really know? And that kind of sparked, okay, let me look into it. And I looked into it and I’m like, okay, wow, if I mix these ingredients, I can make a product that’s for like five bucks and it’s selling on Amazon for 30, where I buy all my supplements. so I’m like, I must be able to do a business. So I called a friend, I said, how do you start a company? How do you create an LLC? He said, just go to LegalZoom and then file for an LLC.

07:39
And so that’s kind of how I got into it. I said, okay, I’m starting a supplement company and I created a supplement that was based on my needs. was a, you know, an MMA fighter. was training very hard. was sweating a lot and I was losing all these electrolytes and I can tell because like the days that you would sweat a lot and there’s different days in MMA. Like there’s days where you do a lot of technique and then a little bit of life sparring and there’s days where you do like a lot of conditioning and then life sparring. And you could tell the days where you do.

08:09
kind of that conditioning where you know you’re not like really going hard, but you’re just sweating a lot and then you go live, my performance is horrible. And I can only attribute it to one thing and it’s like me losing all these electrolytes and I needed something to like enhance my performance. So I came up with a supplement, it’s called hard work now, it used to be called Hydrolyte. I looked into all of like clinical studies for the best electrolytes and what dosages and how to…

08:36
you know, make it the body absorb it the most and what amino acids work best with it. And I came up with this product and then I tested on myself, tested on my teammates and that’s the inception of MMA nutrition. So I’m curious, like how did you get your supplements manufactured? Are they manufactured in the States or overseas or how do you even find it? Did you just Google people? Yeah. So funny story. When I, when I wanted to manufacture it,

09:01
The first thing that I thought, you know, being like, now I know I’m an entrepreneur born an entrepreneur, but I was like, okay, like if I buy all of these raw ingredients in bulk and bring them to my house and then pay my roommate 15 an hour, and then I calculated like how many, you know, bags he can fill up per hour. So I was going to initially do that. I was going to pay my roommate to do it while I was at work in my nine to five. But then I’m like, maybe I should do it a little bit more safe and legally.

09:31
And so I started like going after, know, I Googled, you know, supplement manufacturers and started, you know, messaging people, asking them. And everyone said custom formula, we need minimum 3000 unit order and all this stuff. And I’m like, dude, I’m not going to put $12,000 into like a supplement. mean, now I can, but back then I have no idea if it’s going to work. And so I hit up like one of my raw material supplier.

09:58
And I said, Hey man, can you like blend, give me a blend? instead of giving me all these four ingredients, like separate or five years in separate, said, yeah, sure. I’ll make a blend. Send me the formula. sent him my formula and he said, okay, I’ll, I’ll do it for you. And it, was like super cheap. And he, he had no minimums. said, how much do you want? said, can you do a hundred units? He said, yeah, I’ll do a hundred units. And that’s how I came up with my first manufacturer. But then another funny story, like a months later, maybe less than a year later.

10:27
people started hitting me up. think it was less than six months later. People started hitting me up, including like athletes that I sponsored and stuff like that. And they’re like, man, this stuff tastes like fish. And it turns out that, yeah, it turns out that there’s an ingredient in their potassium, sodium bicarbonate that is sourced in two different ways. One is like a mineral source and the other one is a marine source. And on paper, it’s both sodium bicarbonate. So.

10:55
the manufacturer wasn’t wrong in any way. But when his ingredient wholesaler changed the source, it started tasting like fish. And then everyone’s like, dude, if I leave this in the bottle for five minutes, it tastes like fish. I can’t drink this. And then I’m like, oh my God, my manufacturer is bad and all this stuff. So I hit up a million people and I’m like, give me a quote, give me a quote, give me a quote. And one guy that

11:23
you know, had I met, I had met through the gym and he had given me advice. He said, Hey, like, you know, give me a minute, I’ll get you a price. And then he, uh, connected me to his manufacturer, which is now my manufacturer. He’s right here, 30 minutes from me. And like, we’re best friends. He’s almost like my uncle. Like we have like a, an uncle nephew relationship now. And, and, uh, that’s how I met my, my actual manufacturer. And this guy is like, saved me so many times. He saved my business.

11:49
I’ve made so many mistakes and every time he catches me, like, dude, this is going to happen. He can like predict the future because he’s been in the game for so long. So he’ll hit me up and be like, you know, by the way, in a couple of months, like this, this, this is going to happen. Like I suggest you do that. And I always like after a couple of times of rejecting his advice and being, and I’m like, dude, you were right. I now like just blindly listen to whatever he says. So that’s how I ended up with my current manufacturer. So all these, everything’s made in the U S basically.

12:18
I was just kind of curious if anyone actually gets it made overseas and what the price differential is. Yeah. Yeah. No, I have quoted it overseas when I first started and didn’t know any better, but here in the U S it’s five and a half dollars overseas, everything done. It’s $3, but then I have to pay for shipping, which I’m assuming is probably going to be like 50 cents a unit. So yeah, that’s kind of the price difference. Not worth it. Yeah. For the savings. I’m actually curious about

12:47
supplements in general. You mentioned like you consider just mixing all the stuff in your house. Technically that’s not illegal, right? I think it is. don’t I honestly, you know, don’t fully know. think it’s illegal. I think you have to if you’re going to sell supplements, you have to have them made in an FDA registered facility. Okay, you can you can actually get your kitchen to become an FDA registered facility if you wanted to. Okay. Well, selling supplements is really saturated and super competitive. So

13:16
How did you launch and how’d you get your first sales? So launching, how did I launch? Basically, you know, when I first, first started, I actually went door to door, different gyms and different supplement stores, but I was a very bad salesman. not, I’m not now I’m a, would consider myself a decent salesman, but back then I was just an engineer. So I failed and, and, you know, some people would maybe take one unit or whatever. And I’m like, this is not practical. And so eventually.

13:45
While I was at this MMA event, had a booth. People asked me like, where can I buy your product? And I ended up lying and saying, it’s going to be on Amazon soon. So then I got into Amazon because I was like, okay, I told people it’s going to be on Amazon. So I went deep dive, looked at videos, whatever called Seller Central. They helped me get on Amazon. And I didn’t know like anything, but I had heard like, Hey man, you need to run PPC. And that’s how I got my start into PPC as I ran some auto campaigns.

14:15
some broad and phrase keywords, whatever. And I just put a big budget, high bids. know, they said like, they said like, you know, always go like 5 % above the top of the range if you want to win. I didn’t realize that the keywords for supplements were going to be like three, $4 bids. And some of them are even more, but I’m like, okay, yeah. So if it’s a $3 bid, I’m going to do 3.1. And so I would put 3.1, you know, a hundred dollar budget. And right on the first days,

14:44
after my 20 or 25 friends helped me buy this, buy my supplements to support me, I started spending like $100 a day in PPC. But I was making five to 10 sales a day. so that’s how I got my first sales on Amazon. had a decent listing. I would say it’s a pretty bad listing, but my price was very competitive. that’s one thing that I think I did good right off the bat. had a good formula. There was no fillers or additives.

15:13
I had a good listing in terms of like copy, not creative. And I was the cheapest to like blend on the market. So when I ran PPC, people like saw me and they saw that I was cheaper than everyone else. And I’m assuming that was the reason for buying my product. So yeah, right off the bat, I think in the first week I started getting like 10 sales a day. Interesting. What year was this? 2018. Okay. Is it a lot harder today? I mean, I assume you’re launching new products still,

15:41
much harder, much, much, much harder. So now it’s all or nothing. So I launched actually Hydrolyte Energizer, which is the best tasting supplement that I’ve made so far and very effective and people love it. But because when I launched, I was not aggressive. I just thought like, you know, I could launch and whatever, you know, just do some PPC. It’s going to work. You know, it’s now barely, barely makes any profit. So

16:08
Right now on Amazon, really have to go aggressive. have to like right off the bat, a lot of PPC search, find by external traffic, Facebook ads, Google, whatever, you know, just all of it, like leave no stone unturned sort of thing. Or else I’m not seeing like, you know, the products convert and become profitable. Man. Okay. So that first, did you just start out with one product? I started out with one. Yeah. The original, unflavored, electrolyte blend.

16:38
And then, uh, and that’s still like my best seller. And then I launched, uh, one flavor that I came up with the flavoring myself. Like I ordered a flavoring from a flavoring company instead of using a flavor house. And the difference is when you order a flavoring, uh, you know, it’s kind of like, if you’re trying to do like a, let’s say like you’re making a cocktail, I’m ordering like oranges and vodka versus.

17:05
I’m ordering like vodka and then like a cocktail mix. Like that’s the difference. And so I just sent the flavor and I told him at 6%, like I tested it in the lab, like, you know, my little chemistry lab back when I was in college. And I said, add 6 % to the base mix and we’ll have like a good flavored product. But obviously that failed miserably. Now I know a lot better. Now I would send my base to a flavor house. They would come up with a flavoring mix.

17:32
for my product and then I would send that to the manufacturer and he would mix it in. So my flavor failed and then now that with the new manufacturer, I launched two more flavors and they were successful. How much did you actually invest to start that first product? So the first product, I would say like probably a thousand dollars all in. It was $500 for the first hundred units. And then, know, LLC fees and, and you know, all that kind of stuff.

18:01
getting some graphics done and then a couple of expenses here and there. So it’s probably like a thousand just to get started. And then I probably had to put in a reorder for like 200 units. So that was another thousand before Amazon had paid me. And then by then Amazon had started kind of the money was coming back. And so I just reinvested, reinvested, reinvested, but probably like across a few months, maybe $4,000 plus everything that was reinvested.

18:30
What do the margins look like for supplements? always been curious. So right now I would like, can tell you for a product that sells for like $25, you’re going to make around, you know, six to $10 in profit. Okay. After all fees, everything after every, yeah, after everything after, after advertising and everything, mean, yeah, $10. If like, you’re really good with the advertising and maybe $6. If, if, um, you know, the advertising is a little bit aggressive.

19:00
So the margins are kind of similar to a regular physical product. Yeah, 20. would say, yeah, 25, 20 between 20 to 30%. Yeah. Yeah. 25%. Yeah. Oh, interesting. Okay. So you mentioned now, like when you launch a new product, it’s a lot more competitive and, you said a lot of stuff like Facebook ads, search, find, buy, and all that stuff. You just kind of walk me through like what it’s like to launch a product. So do you have all those things going on at once? Yeah. So basically first things first.

19:30
Right now, when I put a new product up on Amazon, first of all, I have a list of like 100 people that I know I can get reviews from. And so from day one, messaging those people, hey, like buy the product on Amazon. And this is, by the way, full disclosure against terms of service to incentivize anyone to leave a review. But you know, everyone kind of does it. I do it. And so I’ll hit them up and I’ll say, hey, buy the product on Amazon. I’ll send, I’ll Venmo you the money back.

19:59
So you can try it for free and then leave me a review, please. And so, you know, I’ll do that one person a day. So that’s where I’m getting my reviews. Then PPC right off the bat. So I’m very aggressive with PPC right off the bat, trying to spend at least a hundred dollars a day. It’s going to look like a quote unquote loss, but it’s actually very beneficial because it’s ranking you for a lot of keywords. And the more keywords you rank for the quicker, the,

20:27
quicker you can get to profitability because eventually like once you have the reviews and stuff, you’re to be profitable. Search, find, buy. I wait till have like, you know, at least 20 reviews or so, maybe 30 reviews. And then that’s where I’ll use a service like Rankbell. And people will go, they’ll search for certain keywords, find my product. I’ll do this for like mid tier keywords, 5,000 search volume a month. And they’ll find my product, click on it, buy it. They won’t leave a review or anything, but

20:56
you know, trying to trigger the algorithm to show that I’m relevant for that certain keyword to help me rank, you know, better in the search, you know, basically like sort of an SEO manipulation technique. Also, now that I have the ability, I have a full-time video editor and content creator. I’ll have a bunch of content created for this particular product. And it’s easy, 3D renders. And it’s like maybe like, you know, sugar-free or whatever, enhanced performance, da, da, da.

21:24
And what I’ll do is I’ll go into Facebook ads library. I’ll look at my competitors. I’ll find the ads that I like, that I think look good. And I’ll just have my video editor recreated with my product in, with the 3D render. And then I’ll run a ton of traffic to Amazon. So straight to Amazon. I know people will say, oh, aren’t you going to get a lot of people outside into Amazon? They won’t convert.

21:53
and then Amazon will penalize you. don’t. When you’re sending external traffic, if it’s internal traffic and your conversion rate is low, I agree, they’ll penalize you. But if it’s external traffic, I’ve seen Amazon reward you. And they’ve actually mentioned now that they will reward external traffic and then Shopify lashed out at them and they canceled the connection between Shopify and Amazon. So I used to be able, if someone buys on Shopify,

22:20
Amazon will automatically fulfill it. Now I can’t do it anymore. I need to have a ShipStation app connected and have an account. what? Was that recent? This is recent, man. Shopify, Amazon are fighting. Well, no, no, I didn’t know they canceled the app for the multi-channel fulfillment. Yeah, they canceled it. So now you can’t go Shopify straight to Amazon. You need to have a third party app like ShipStation to do it. Hmm, interesting.

22:48
It works for other platforms. pretty sure. It’s just Shopify, Yeah, it’s just Shopify Amazon. No, no, multi-channel fulfillment on Amazon works. That’s fine. I meant the app. Yeah. Yeah. Yeah. Wow. That’s crazy. So, okay. So you’re sending traffic directly to the listing and you’re saying that the conversion rate doesn’t matter when you’re sending external traffic. External, yeah. detects it.

23:12
Exactly. And then I’m doing like, you know, whatever I can on Instagram. I’m not great at Instagram, to be honest, but I’m trying to have like a list of people, you know, with a decent amount of following that I’m sending the products to. I’m like, please make some stories about the product and send people to Amazon and, know, do a swipe up. I’m like, you know, five or 10 people with 10,000 followers. So they have that swipe up feature. And I’m like, guys, can you do please do a story?

23:37
for like one story for the first five days, I would really appreciate it. If I have to pay them a little bit of money, I’ll pay them a little bit of money. Goes a long way. And so that’s kind of what I’m doing. Like just hitting it from a lot of different angles and trying to do everything all at once. know, with my newest brand, Cognuro, we built an email list and an SMS list and, you know, we have a lot of backers from our Kickstarter. So I’m going to utilize all of that to send them to Amazon right in the…

24:06
first days and kind of get it ranked. And I did that with one other brand that I had. It’s a women’s brand and we used influencers and very early on we sent a lot, a lot, a lot of traffic. Like we were doing 20 units a day, 30 units a day, 40 units a day, 50 units a day in the first like couple of weeks. And because we had like that sort of external traffic, Amazon kept us ranked with almost no PPC. We maintained like a very high level of sales for a long time.

24:37
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25:05
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25:35
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25:45
So for your Facebook ads on the launch, are you just not even, do you look at the return on ad spend for that? I mean, are you using Amazon attribution? I am, and I’m also using Amazon associates affiliate links. So I’ll get those just so can have kind of like a double attribution, but I don’t really care if it’s that good of a ROAS, whatever. I’m just trying to get conversions at that point. Obviously I’m not like going crazy. if the ROAS is 0.1, no, it’s like,

26:15
I’m trying to like find, I’m looking at more at like front end KPI. So I’ll do one campaign, a dynamic creative, four different creatives, know, three different headlines, three different texts. And I’ll see like what, which ones have the best like click through rate and, and, and impressions and stuff like that. And then I’ll run that, you know, multiple different broad audiences and maybe a couple of refined audiences. And I can tell like, once I run a broad audience, let’s say like

26:46
men and women who are into fitness, all men and women who are into fitness in the United States. And then I can start seeing like different age ranges and different, you know, uh, states that are performing better. so then I’ll duplicate and I’ll kind of run only those age ranges and only those states. And, know, eventually you, get some decent conversions and it definitely helps. What are you going for? Like is like a one X return ad spend good enough? Yeah. One X would be beautiful if I can get one X, uh, you know, usually I’m getting less, but

27:16
One X return on ad spend is beautiful because all I’m doing, considered an investment that I’m just trying to get conversions in the early days, especially external traffic to show Amazon that this is a good product that people off Amazon have demand. And then people on Amazon have demand because I’m doing the search, find, buy and the PPC. And hopefully all of that combined will result in like a product that ranks well and sells, continues to sell.

27:44
So if you were to prioritize the strategies that you just outlined, which one would you prioritize? Search, find, buy, Facebook ads or Amazon PPC? PPC is number one. Okay. What’s second and third? Yeah. I would do a search, find, buy and then Facebook ads. Okay. Interesting. Are you going for subscriptions in particular also? I would love that. I mean, the problem is I can’t promote subscribe and save.

28:12
on like, have no control of how I promote, subscribe and save on Amazon, but on my direct to consumer side, I’m promoting subscribe and save very heavily. 20 % off. have ads that show, you know, 20 % off when you subscribe and save all this stuff. And I’ve actually been doing pretty well with the subscribe and save. have about a 30 % subscribe and save rate on my direct to consumer. Yeah. Cause 20 % is actually a pretty big deal. Yeah. Yeah. And then, you know, it’s canceled anytime. And that’s like the thing that people like.

28:40
I was going to ask you about your regular site because I was just on it earlier. Are you sending people to Amazon or are you taking orders yourself? No, no, I’m sending it. I’m sending everything to my direct to consumer. But I’m seeing obviously an overflow, like a halo effect into Amazon, except when I launch a new product. Then I focus all my efforts in the early days, like first 60 days to be all Amazon. And then I can start sending it to them because I can send them to my direct to consumer.

29:10
at any point. anyways, I’m going to need to run Facebook and Google and all of this stuff to get people to come to my website or else they’ll never show up because I’m not ranked like organically on Google or whatever. so in the early days, I’ll focus on sending them all to Amazon. And then once I get the benefit of the external traffic and the ranking, then I’ll start sending them to my website because I control them better there. I get their data, make more money and I can push them to subscribe and save.

29:38
And then I’ve already used them for Amazon, so I’m good. Is the pricing the same on your website and Amazon? Yeah, it’s exactly the same because obviously Amazon will penalize you if you’re cheaper somewhere else. But, you know, the loophole is the subscribe and save 20 % off. Right. OK, cool. And then in terms of your revenue split, is it still mostly Amazon? Yeah, I would say like 90 % Amazon, 10 % direct consumer. OK.

30:06
So I wanted to switch gears a little bit and talk about Amazon Launchpad because I know you were a member for a year. Can you describe what this program is, how much it costs and what the benefits are supposedly? Okay, so Amazon Launchpad is this thing that Amazon promotes to be. If you’re an innovative new product and you’ve just launched and you kind of want some additional features that Amazon will give you, sign up with Amazon Launchpad. It’s a 12 month commitment.

30:35
costs you 5 % of every single sale, 5 % revenue of every single sale for that 12 month period. In exchange, they’ll give you benefits like you can access enhanced brand content early if you don’t have a trademark or brand registry. They’ll give you some perks like you can do deals, you’re gonna be on the Amazon Launchpad page, you can do a founder feature, things like that, right? But my experience was pretty negative.

31:05
Um, I signed up, uh, I got this rep and the rep was amazing up until we signed up. Once I signed up with the rep, his communication went from like a 24 hour response to maybe a five day response. Um, and, and, know, obviously they were still taking that 5 % of every single sale. I did get the enhanced brand content perk, and this is before IP accelerator was out. the only way to have enhanced brand content was either this or.

31:33
if I had like a registered trademark, fully registered, not like in progress. And so I did get that perk, but then I applied for the deals. I never got it. Every week I would apply for the deals, never got it. What are the deals? Can you describe what they were supposed to be? Think of it as a lightning deal or a seven day deal, but on the Amazon Launchpad page. Okay. Yeah. And then they were supposedly doing email blasts with

32:01
with your products in it, never saw any lift from that. They said they can do a feature and I would apply every single time, never got into that. So I kind of like did not get any benefits at all. The guy, the rep actually ghosted me. And after like many, many emails, he finally communicated back, said, oh man, I was transferred.

32:29
I thought they had given you a new rep because I transferred my team. And I said, no, man, I haven’t gotten any rep. so finally the year passed and I’m like, I’m spending this money. It’s completely worthless. And so I did an exit interview. And by the way, to get in, you have to pitch them the story. So the first time I applied, I was rejected. And then the second time I applied, I really exaggerated because it has to be something innovative. So you give your name and then they…

32:58
ask you to give a story of why your product is innovative. So I had to come up and say, I’m like this chemist and came up with this incredible invention. And I tested it in college and we did, you know, I just made up this whole story. And finally, like the guy called me and he said, okay, tell me about like how you innovated, da da da, are you gonna do this? Are you gonna utilize that? He asked me a bunch of questions. I obviously I knew what he wanted to hear as an answer. And so I kind of

33:28
answered everything correctly. And then they said, okay, congratulations, you’ve been accepted into the Launchpad program. So I was very excited when I got accepted. I thought the features were going to be amazing. But then when I actually tried to use the features, like 99 % of the time, I don’t know now, maybe they’ve improved it a little bit. But back when I used it, the features were 100 % not there, not worth the 5%. I felt like I spent like, you know, 5 % of my sales for a year for no reason.

33:57
You know what’s funny is that I actually interviewed someone who is in Amazon Exclusives, which I believe that’s what it was called before it became Launchpad. And she got featured, she got all the benefits. Like she had a, she was on the front page of Amazon for an entire day. And she got on another feature on some Amazon like show or something like that. it was very- When was it Exclusives? Was she in like 2000 and like- I want to say it was 2000.

34:34
2015, 2016 dude is pretty early. Not many people are selling on Amazon. So in terms of you’re supposed to get like free lightning deals too, aren’t you? Yes. Oh yeah. Yeah. That was a perk free lightning deals. So yeah, I mean, but I would never get a good lift from them.

34:52
Okay. These are just regular lightning deals, right? There’s nothing special about the lightning. Yeah. But you saved the $60 that you would usually spend. I see. Okay. Yeah. So I guess given your negative experience, did you ever get your rep back? Like he ghosted you for a little bit. said, yeah, no, I mean, he finally sent an email back saying, Hey man, like I don’t work in the Amazon launchpad department anymore. I thought they sent you a replacement and I said, no, they haven’t, man. Can you hit anyone up? Like, tell them like I need a replacement. Nothing.

35:20
You know, zero response. Yeah. All right. So basically you spent 5 % for a year and it sounds like the only thing you really got out of it was enhanced brand content. Yeah. And I thought I, and back then I was still in the silver bullet mentality and I thought if I got enhanced brand content, then my sales are going to explode and that’s not the case, you know? Okay. You know, what’s funny about this is like, I I’ve heard of Launchpad, but it doesn’t seem to get that much press. Like I don’t really hear about anyone talking about it.

35:50
Maybe this is the reason why. Probably. Yeah, probably. Because no one’s really benefiting that much from it. mean, if you look online and you read the blog posts, I don’t think there’s any positive experiences about it. I mean, there’s supposed to be like another page, right? That just features the Launchpad products too. Yeah, but who’s going amazon.launchpad.com and then looking for products to buy? Yeah. Well, I’m not. I’m just curious. I mean, that’s one of the features that they tout. So yeah. And by the way,

36:20
that page, I would go in and I would search my brand name. would search everything, like all the keywords that are related to my product. And I would never find my product. Like I would go from page one all the way to like the last page and I wouldn’t find my product at all. So it’s like, I had no idea what was going on, but maybe it’s cause it was like, not like, you know, it was maybe in the primitive times of Amazon launch pad and they had like, hadn’t fixed all the features yet.

36:49
Yeah, that could have been it.

36:53
I just wanted to let you know that tickets for the 2022 Seller Summit are now on sale over at SellersSummit.com. Now, what is the Seller Summit? It is the conference that I hold every year that specifically targets e-commerce entrepreneurs selling physical products online. And unlike other events that focus on inspirational stories and high-level BS, mine is a curriculum-based conference where you will leave with practical and actionable strategies specifically for an e-commerce business. And in fact, every speaker that I invite

37:20
is deep in the trenches of their own e-commerce business. Entrepreneurs who are importing large quantities of physical goods and not some high-level guys who are overseeing their companies at 50,000 feet. The other thing I can assure you is that the seller summit will be small and intimate. Every year we cut off ticket sales at around 200 people, so tickets will sell out fast and in fact we sell out every single year many months in advance. Now if you’re an e-commerce entrepreneur making over 250k or $1 million per year in revenue,

37:47
We are also offering an exclusive Mastermind experience with other top sellers. Now the Seller Summit is going to be held in Fort Lauderdale, Florida from May 4th to May 6th. And as of right now, we’re almost already sold out of Mastermind tickets and we’ll be raising the price every month leading up to the event after Cyber Monday. For more information, go to sellerssummit.com. Once again, that’s sellerssummit.com or just Google it. Now back to the show.

38:13
Well, I don’t know. I haven’t actually heard much about it. I and no one there’s been no chatter really about it. So I’m wondering if Amazon’s actually abandoned this program altogether. I don’t know. Maybe I’ll reach out and see if other people had a similar experience to you. I want to switch back to just supplements in general, because I know I get contact a lot about people who are wanting to sell supplements. And you mentioned your friend was able to predict the future about certain problems that arise. Like what were some of your key mistakes early on?

38:43
So like inflexibility. So here’s a few key mistakes. Number one, no matter who your manufacturer is, always inspect, always, always, always inspect. And that like, if you don’t have a third party inspection company, you might have to have like samples sent out to you, which is going to delay, like increase your lead time or whatever, because it has to get sent out to you you have to taste test it and stuff like that. But always inspect, always taste test.

39:11
because that’s one thing I ignored. And then the whole fish thing happened. And a couple of times also I had like a broken seals and, because of a bad batch of lids. so always inspect that’s number one. Um, how do you inspect? you inspect? Is it done by batches? Is that. Yes. So every time you have a run, it’s a batch, let’s say 1000, 2000 units and they’re all in boxes. So all you have to do is say.

39:40
Don’t close up the boxes yet. I’m going to come or you’re going to send someone who’s going to come in and he’s going to pick, you know, 10 random ones, one from each box, just randomly. Once he has the 10, he’s going to look at them visually. You have to give the criteria. So look at them visually, break the seal, open it up, check the scoopers there, mix it, look at the color, smell it, taste it. Each one. Everything is good. Okay, great. This batch is approved. Keep it going.

40:10
The negative, once you, once something bad goes out, even if it’s like a few bad ones that go out, you know, you’re to get the negative reviews and the negative reviews are there forever. So never skimp on inspection. That’s one thing I learned early on. And actually my first hundred units, like 50 or 60 of them, because I never inspected the bags, they used to be in bags before they were in containers. They blew up during shipment. So they were just very like frail.

40:38
If someone were to drop them from like 12 inches, they would like the hole would open in the bag and powder would fly out. So I never inspected, I never dropped tested and, I suffered the consequences. So that was kind of my first mistake. Second thing is flavor comes first. Like flavor is a priority over formula and it’s a sad truth, but I prioritized formula always over flavor. Cause I said, people care more about.

41:08
If efficacy like something that works. Yeah. That was wrong. Only I cared about something that works. You’re not going to consume something that tastes bad every single day. And so I have a lot of supplements and I have to admit the ones that taste good that I mix up and drink. And I’m like, this tastes like nice. I’m drinking them every day. The ones that don’t taste that good that I have to kind of like just put down because I know it’s beneficial. I’m missing a lot more days than not. And it’s probably not.

41:37
those aren’t the ones that I’m reordering. So one thing that I learned is I came up with a formula based on clinical studies, all this stuff. I went to my manufacturer, I said, we’re gonna make this and we’re gonna flavor this. And then he’d be like, dude, we need to adjust the formula a little bit if we want the flavor to be good. And I’m like, no, I want it like natural flavoring or I want it like only sucralose and I want this and that. And I want you to keep the serving size only three grams so we don’t add too many fillers.

42:05
I would constrain him so much and then the flavor of the formula would suffer and then I wouldn’t get, know, people wouldn’t reorder my product as much because the flavor was suffering. But then when I’m like, okay, I’m going to be flexible. Let’s make something good. And then he would adjust the formula. I mean, just the formula we’re talking like decrease some things, add a couple different ingredients that, you know, really made the flavor enhance better.

42:33
Like there’s couple of things that tastes really bad. And then there’s a couple of things that help like mellow out the bitter stuff so that the product can taste good. And so after like adding a couple of those in, boom, you have a beautiful tasting formula that everyone’s like, wow, I love this. love this. And so that’s another thing that I learned kind of the hard way. Another thing is being ready to adapt. So number one, I had times where my containers ran out.

43:01
And I’m going talk about that. then number two, I had times where I had a whole ingredient run out. so when the time came when the containers ran out, my manufacturer had said many times, Mina, always keep a backup of bags. Always keep a backup of a different form of the container of the product. Because in case the containers run out, which they did, there was a national shortage of containers. And we called everyone possible.

43:30
and we couldn’t get any containers, I could have easily pivoted into bags. And thank God that I just had a thousand bags left over, you know, from when I switched over from bags to containers and we never threw them out. But basically always be prepared, you know, for something like that to happen. Have a different form of container because your container could run out and it’s a serious thing. And once your container runs out, what are you going to do? Um, you know, do to create a new listing for that? Cause it looks different physically, right?

43:57
No, no, as long as you can maintain the FN SKU. Now you don’t even because you don’t even need to maintain the FN SKU. can just ask Amazon or you ask your manufacturer to put over the barcode, the FN SKU. You just change the listing. basically the OK, the photo. Yeah. So yeah, basically what you can do is in that ASIN, you can create a new SKU. So you’ll duplicate the ASIN, create a new SKU and then you’ll you’ll have that existing SKU on and that new SKU off.

44:27
and then you’ll send the bags to the new SKU. And then as soon as the old SKU becomes like, you know, there’s 10 units left, you turn off that SKU and you turn on the bag SKU and then it will shift. And then as soon as you turn on the bag SKU, you switch the whole images in the listing to be bags. And so if you time it right, everything works out perfect. I’ve done it before like a couple of times back and forth. So that’s, you know, one thing I learned is always have a backup container wise. And then also

44:55
be ready to adapt with the the ingredients. So I used to have every ingredient listed out, which is fine, you know, I want full transparency. But then he said, you know, when COVID hit and stuff, he’s like, dude, there’s a shortage of taurine. And, know, you need to be a little bit flexible to taurine, because if there’s no taurine, what are you going to do not sell? And the only reason that I use taurine, it’s the most performance enhancing amino acid. And I have to have an amino acid in there because

45:25
I either need sugar or amino acid to help the body absorb electrolytes or else the body can’t really absorb electrolytes effectively. So it’s either sugar or amino acids. So it doesn’t have to be taurine. Taurine is amazing because it helps performance. So then I switched from having just taurine listed to having an amino acid blend. And then I have five or six ingredients in there that are all amino acids, good amino acids, leucine, isoleucine, valine, glutamine, taurine. And if

45:54
any one of them kind of like a shortened stock, it doesn’t matter because it’s a blend. So I can just make it up with more leucine or more glutamine. It doesn’t affect the flavor, right? Yeah. I mean, he’s gonna, he’s gonna work with it to make sure the flavor stays good. But yeah, I know it does affect the flavor. if, if, um, you know, but, but again, like the whole blend is one gram. So it’s one gram of amino acids, 900 milligrams technically. So if I lose a little bit in the taurine,

46:23
and I have to make it up with glutamine, it’ll affect the flavor, but not like significantly. It’s not like half the formula changed. Are there any regulations on labeling for your own supplements? Yeah. The only thing that the FDA controls in terms of supplements is the labeling. So your product has to be labeled correctly. You have to list the ingredients, all this kind of stuff. Now, does anyone check it? No, no one checks it. So that’s why I warn people.

46:52
Be very, very, very careful who you buy supplements from because I know a lot of people that have actually asked my manufacturer to put things in and not mention them or exclude things, but mention them on the label. You know, so they would say, Oh, there’s elderberry in there, but there’s no elderberry in there. Or, you know, because elderberry was a huge thing or put a, a sulfane potassium, which by the way, enhances flavoring beyond belief, but it’s actually a carcinogen.

47:21
A lot of supplements use it, but yeah, a lot of supplements use it. And if you ever taste the supplement, you’re like, dude, this tastes incredible. Check for a sulfate and potassium. If they have it in there, it’s a carcinogen, but it’s a very, it’s almost like MSG, right? MSG makes food taste incredible, but it’s like bad for you. So it’s the same thing. So a lot of people, they’ll say, put a sulfate and potassium in there. Just don’t, we’re not going to mention it on the label. And so no one will regulate this and it’s kind of.

47:50
Um, and, and, uh, there’s this one guy, uh, Legion athletics, thick, his pen name is Mike Matthews. has a different name. Um, but he goes by Mike Matthews for Legion athletics. And he talked about it, how like he went to a manufacturer and he told them like, we’re going to test this at a third party facility. And the manufacturers made his product, which was an expensive, like $45 pre-workout. He took it, sent it to the facility, said, here’s the formula. This is what it should be.

48:20
they tested it and a lot of it was not there. And he went back to the manufacturer and said, dude, what are you doing? I told you I was going to test this. So yeah, there’s a lot of monkey business happening in the supplements. if you’re a consumer, be very aware of who you’re going to buy from. And I think an easy way of doing this is going to places like Whole Foods and Arowan and stuff like that, places with very high standards. Costco, for sure, Costco has ridiculous standards.

48:50
because they force you to have like third party testing and this and this and that and proving all this stuff before they can put your stuff on the shelf. So if it’s on there, there’s a good chance that it’s, you know, pretty legitimate. Do you test the chemical composition of each one of your batches by paying? No, I, you know, maybe in the first couple I did, but this manufacturer I’m telling you, he’s like my uncle now. So he, yeah, like he’s very, very trusted. He’s like family. So now the only thing that I do is

49:19
I make, I test every batch’s flavor. That’s it. Just to make sure, because sometimes like, and it’s happened where the flavor has been a little bit off and I said, dude, send it back, have them remix it and we’ll send it back. They’ll remix it. They’ll adjust the flavor and then they’ll repack it. So for anyone out there who wants to sell supplements in terms of just platform, would you recommend launching on Amazon and kind of taking the path that you’ve taken? Like, would you do anything differently today?

49:49
No, Amazon’s still the best. Amazon. But here’s the thing, if you’re going to sell supplements, number one, you really have to innovate, you know, and it’s not just like, oh, my products are whole ingredients, clean, natural. No, no one cares about this stuff. Like everyone claims that it has to be something innovative. It has to be something that clearly defines you because the space has become so crowded that you have to stand out and you have to stand out to a certain

50:18
know, niche of people. And the second thing is, there’s no more, you know, one foot in, one foot out on Amazon. It’s all or nothing. And honestly, I mean, what’s your other option? You’re going to go and sell direct to consumer. You’re going to have to spend a lot of money on Facebook ads and graphics and all this stuff. At least on Amazon, you can kind of capitalize on this warm traffic people with very high buyer intent. It’s just going to be a lot harder to win customers now.

50:47
But if you have a good product that’s very well differentiated, that’s with the right price point and you have a beautiful listing, you have a good chance of winning and you can make it there. there’s no more. I was just talking to people about this that were saying, we have this new product that we want to test on Amazon. I said, there’s no more testing. There’s either you go in and you hit it hard or you don’t because also one thing, you have like about 60 or 90 days to prove your product.

51:15
uh, on Amazon from the second that you launch it. After that, you’re stuck with that history and, and, uh, you’re either going to live or die and, and, uh, Energizer, think was one of those that died. Like in the first 60, 90 days, I did not capitalize enough. And, uh, no matter what I do now, it doesn’t want to be profitable. Like there’s nothing I can do to make it profitable. Let me ask you this. Early on, when you got started, you spent a couple of grand, like how much money does it cost now to launch?

51:45
like a supplement, would you say? So, okay, I would say around $12,000 right now. That’s how much it’s costing me. It’s about, let’s say 6,000 for the production run, like 3,000 for PPC, 3,000 for reviews and search, buy. So that’s kind of like the split. Plus, if I put in some money,

52:12
maybe a thousand dollars on Facebook ads. That’s, you know, another thousand, 13,000. So that’s kind of the range right now is I’m, I’m not doing a hundred units anymore. It’s not feasible. I’m doing a thousand and then I’m spending the money on PPC. I’m spending the money on, on a search, find by I’m spending the money on Facebook ads. So it’s a little bit more costly now. Yeah. Hey, so Mina, I, can you just tell the audience like what your supplements are, where they can find you? Yeah. So my supplement is if you’re

52:42
any type of endurance athlete. you do anything that requires endurance, if you sweat, and if you want to perform better, supplements are called hard work. can go to my website, go hrdwrk.com or on Amazon HRDWRK electrolytes, or you can search by the old name Hydrolyte, H Y D R O L Y T E electrolytes, and you’ll find them company names, M &M nutrition. And yeah, man, I honestly really recommended the stuff works.

53:12
I take it religiously and I feel a huge difference on the days that I don’t take it. You know, I show up to wrestling practice and I’m like, man, my legs are burning. And I’m like, yeah, because over the weekend I didn’t take any hydrolite and that’s why. the main benefit is like, you lose a lot of, if you sweat a lot in certain activity, this helps you recover for the next time you do it. Right. And generally, yeah. Like if you want to perform better, if you want to have more endurance, if, if you want to feel less of like that burn and fatigue, you know,

53:41
having low electrolytes in the body anyways is bad. It’s not good. If you’re like a normal person, you know, hit the gym casual and then, you know, you go out dinner with friends, you’re probably not going to notice a huge difference. But if you’re someone that sweats, runs, plays a sport, you know, does any kind of like activity like that, where you can kind of feel a difference, like some days you have good days, some days you have bad days, you know, hard work will help you out. Cool.

54:09
And then you mentioned a couple others. Are those just, are those launched yet or? Yeah. Yeah. So the only one that the only other one that I want to mention is Cognuro. So Cognuro is a nootropic coffee alternative and basically it’s like a case study brand. And we actually got sponsors like Getida, Thrasio, Ping Pong payments. And we had them like give us some money and we said, you know, for everyone who, you know, you’re asking me lot of questions about supplements, right? And how do come up with a good supplement, all this stuff.

54:38
Everyone has these same questions about Amazon. So I said, what if we came up with this case study and we documented every piece of the journey and from the idea that we came up with all the way to raising money on Kickstarter, getting out on Amazon ranking reviews, PPC, the whole thing. so the way to follow it is it’s the fbachallenge.com. And we have like a checklist of every single step that we have done.

55:07
the business with a video explaining it. And the product is a nootropic coffee alternative. So if you love the benefits of coffee and you hate the negative side effects, the jitteriness or maybe it messes up your sleep or if you get like anxiety or whatever, or you don’t like, I mean, for me, I don’t want to get addicted to it. So that’s the only reason I love coffee, it tastes amazing. So we wanted to come up with a better alternative. And so we came up with Cognuro, the

55:37
you know, the energy comes from Kona and Guarana. So it has caffeine, but it’s in like a natural form of caffeine. And then we added coconut cream to give it like kind of a bulletproof effect. So instead of getting that spike of energy, it’s like a long lasting sustained energy. Then we added mushrooms like lion’s mane, cordyceps rishi to boost focus. And then we added like Maca ashwagandha to replenish your adrenal glands and give it like even more benefits. And it tastes like hot cocoa. It’s like

56:05
I mean, you can drink it hot, can drink it cold. It’s like it tastes amazing, Like everyone who’s tried it loves the taste. It really tastes like a hot cocoa when you go camping. yeah, that’s the product. so that’s like one that we’ve been… And it’s one that I love because it’s been crazy. Hard work, I’ve worked so hard to come up with these amazing products. sometimes people are like, hey, you know…

56:33
you where can I get this? Maybe one person every couple of months. And this one, it’s literally my DMs every day. Oh my God, dude, this looks amazing. Where can I buy it? Where can I buy it? Do you sell in Spain? Do you sell in Italy? Do you sell in Canada? And I’m like, wow, like I’ve never seen demand like this on any of the products that I’ve sold. So I’m very happy with how everything came out. And the beautiful thing is the whole thing is documented. Nice. I will definitely link all of those things up in the show notes. So if anyone’s listening,

57:00
who’s curious about this product or the case study, check the show notes for this episode. Awesome. So Amina, hey, thanks a lot for coming on, man. I learned a lot about supplements and Launchpad, and I really appreciate you, Awesome, man. Thank you for having me. It’s been a great chat. All right, take care.

57:19
Hope you enjoyed that episode. Now, Mina is a baller and he’s got huge aspirations for the year. And if you need PPC help, he is also happy to help you out. More information about this episode, go to mywebquaterjob.com slash episode 389. And once again, I want to thank Postscript, which is my SMS marketing platform of choice for e-commerce merchants. With a few clicks of a button, you can easily segment and send targeted text messages to your client base. SMS is the next big own marketing platform and you can sign up for free over at postscript.io slash dv.

57:47
That’s P-O-S-T-S-E-R-I-P-T.I-O slash Steve. I also want to thank Clavio, which is my email marketing platform of choice for eCommerce merchants. You can easily put together automated flows like an abandoned card sequence, a post purchase flow, a win back campaign, basically all these sequences that will make you money on autopilot. So head on over to mywifecoupterjob.com slash KLAVIO. Once again, that’s mywifecoupterjob.com slash KLAVIO. Now I talk about how I use these tools on my blog, and if you are interested in starting your own eCommerce store,

58:17
Head on over to mywifecoderjob.com and sign up for my free six day mini course. Just type in your email and I’ll send the course right away. Thanks for listening.

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Ready To Get Serious About Starting An Online Business?


If you are really considering starting your own online business, then you have to check out my free mini course on How To Create A Niche Online Store In 5 Easy Steps.

In this 6 day mini course, I reveal the steps that my wife and I took to earn 100 thousand dollars in the span of just a year. Best of all, it's absolutely free!

388: How To Trick Yourself Into Achieving Your Financial Goals – Tips Backed By Science With Steve Chou

How To Trick Yourself Into Achieving Your Financial Goals - Tips Backed By Science

We are all capable of accomplishing great things in life but we often don’t follow through.

Sometimes, we psyche ourselves out. Sometimes, our motivations start to fade. Sometimes, we just can’t get started.

9 times out of 10, we don’t change not because we don’t have the ability to change. We fail because we get in our own way.

Even though my wife and I eventually went on to create 2 million dollar businesses together, it required us to rewire our brain to make the necessary changes.

Here are my strategies for getting off your butt and taking action backed by science and personal experience!

What You’ll Learn

  • The personal strategies I use to rewire my brain for change
  • How to trick yourself into making forward progress backed by science
  • An important piece of wisdom my Dad gave me that changed my life

Other Resources And Books

Sponsors

Postscript.io – Postscript.io is the SMS marketing platform that I personally use for my ecommerce store. Postscript specializes in ecommerce and is by far the simplest and easiest text message marketing platform that I’ve used and it’s reasonably priced. Click here and try Postscript for FREE.
Postscript.io

Klaviyo.com – Klaviyo is the email marketing platform that I personally use for my ecommerce store. Created specifically for ecommerce, it is the best email marketing provider that I’ve used to date. Click here and try Klaviyo for FREE.
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EmergeCounsel.com – EmergeCounsel is the service I use for trademarks and to get advice on any issue related to intellectual property protection. Click here and get $100 OFF by mentioning the My Wife Quit Her Job podcast.
Emerge Counsel

Transcript

00:00
You’re listening to the My Wife Could Her Job podcast, the place where I bring on successful bootstrap business owners and delve deeply into the strategies they use to grow their businesses. Today, I’m doing another solo episode to talk about rewiring your brain to make difficult changes in your life. And right now everyone is probably making New Year’s resolutions. So this episode is actually designed to make sure that you follow through with your 2022 goals. But before we begin, I want to thank Postscript for sponsoring this episode.

00:26
Postscript is my SMS or text messaging provider that I use for e-commerce and it’s crushing it for me. I never thought that people would want marketing text messages, but it works. In fact, my tiny SMS list is performing on par with my email list, which is easily 10x bigger. Anyway, Postscript specializes in text message marketing for e-commerce and you can segment your audience just like email. It’s an inexpensive solution, converts like crazy, and you can try it for free over at postscript.io slash Steve. That’s P-O-S-T-S-E-R-I-P-T dot I-O slash Steve.

00:56
I also want to thank Clavia, who’s also a sponsor of show. Now you’re working around the clock to build the business you’ve always imagined and do you want to communicate with your fast growing list of customers in a personalized way, but any way that gives you time to work on the rest of your business. And do ever wonder how the companies you admire, the ones that redefine their categories do it? Companies like Living Proof and Chubbies. Well, they do it by building relationships with their customers from the very beginning, while also evolving in real time as their customers needs change.

01:22
These companies connect quickly with their customers, collect their information, and start creating personalized experiences and offers that inspire rapid purchase, often within minutes of uploading their customer data. Now, Klaviyo empowers you to own the most important thing for any business, the relationship between you and your customers and the experiences you deliver from the first email to the last promotion. To learn more about how Klaviyo can help you with your own growth, visit klaviyo.com slash my wife. That’s klaviyo.com slash my wife.

01:51
And then finally, I wanted to mention my other podcast that I released with my partner, Tony. And unlike this podcast where I interviewed successful entrepreneurs in e-commerce, the profitable audience podcast covers all things related to content creation and building an audience. No topic is off the table and we tell like how it is in a run entertaining way. So be sure to check out the profitable audience podcast on your favorite podcast app. Now onto the show.

02:20
Welcome to the My Wife Could Her Job podcast. Right now, it is the first week of January. And if history repeats itself, it’s going to be a time where I’ll receive an especially large number of inquiries on how to start an e-commerce business. And I also know, based on experience, that many of you are not going to follow through with your online business goals. Now, I’m not trying to be a pessimist. I’m just speaking based on personal experience. But this year,

02:47
I want to put a stop to all the silly New Year’s resolutions. I want to make sure that you guys follow through. So in this episode, I’m going to show you my personal strategies on how to rewire your brain to make a difficult change in your life and follow through with it. And it’s worth mentioning here that there’s nothing special about me. I’m a human. We all have the same tendencies, but these strategies work even if you are lazy like I am. All right, so not too long ago.

03:14
My wife and I, we were victims of a dreaded disease known as complacency. Now if you’ve never experienced this illness before, it is a condition where your days blend together, you never accomplish anything noteworthy, and you feel like you’re stuck on an endless treadmill. Now here was our typical day back then. We got up, we went to work, we came home, we ate dinner, we watched TV, we went to bed, we got up the next day, rinse and repeat for eternity.

03:40
Now back then we had no purpose, we weren’t making that much money, and my wife hated her job. And on some days, I wondered whether I could tolerate living this way for 40 years or more before retirement. I remember consulting my dad for advice. Dad, is spending all day at work just a part of adulthood? Because it sucks. And my dad replied, well, why does it suck? And what have you tried to switch things up? And I said, nothing really. And here’s what my dad said to that.

04:10
Well, you can’t expect life to be any different if you don’t change your behavior. Thanks, dad. I mean, shortly after this conversation, my wife and I decided to start a business together and it went nowhere. Even though we were super excited to get started, the zeal quickly started to fade and within a month, we were back to where we started, mental drudgery. Now here’s the thing, we are all capable of accomplishing great things in life, but we often just don’t follow through. Sometimes we suck ourselves out.

04:39
Sometimes our motivations just start to fade. Sometimes we just can’t get started. And nine times out of 10, we do not change, not because we don’t have the ability to change, but we fail because we get in our own way. Now, even though my wife and I eventually went on to create $2 million businesses together, it actually required us to rewire our brain to make the necessary changes. So again, here are my strategies for getting off your butt and taking action backed by science, as well as my own personal experiences.

05:10
All right, so strategy number one, find an excuse to get a fresh start. Now, right now, as I mentioned earlier, it just happens to be New Year’s, and New Year’s is well known for being that time where you magically cast away your bad habits and promise to make a change. Now, we all know that most New Year’s resolutions are destined to fail, but that doesn’t mean that you can’t use this time to give yourself a much needed boost of motivation. And in fact, you should take a page out of Hallmark’s book and leverage any remotely special event

05:39
as an excuse to take action. It’s my birthday. I’m gonna finally lose that weight. I’m stuck at home due to the pandemic. Time to start a YouTube channel. Now, speaking of YouTube, I actually dragged my feet for over five years because I couldn’t get myself to start a channel. But I actually used the pandemic as an excuse to launch. And today I have almost 70,000 subscribers as of this recording. Sometimes you just need to spark. It’s also important to meet new people to get a fresh perspective on your life.

06:08
Now when you hang out with the same people, the same friends for years, you tend to revert back to old behaviors that are just hard to shake off. For example, here’s what my friends were saying back then when my wife and I first started our businesses. Steve’s just going through another one of his start your own business phases again and never lasts. Steve, you don’t even like writing. What makes you think you can create a blog? Steve, you hate putting yourself out there. YouTube is just never gonna work for you. Well, when you’re stuck in a rut, it’s actually quite surprising.

06:37
how a few seemingly innocuous comments can negatively affect your motivation. So you want to start with a clean slate with some new friends, go to a conference like the Seller Summit, which is going to be this May. Interacting with people with whom you have zero history is actually quite liberating. The next thing that you want to do is remove all mental hurdles. Now, the problem with motivation and these New Year’s resolutions is that it never lasts. My chemistry teacher once told me that matter always gravitates towards

07:05
higher entropy and lower energy, and it’s true with people too. Earlier, I mentioned that I put off starting a YouTube channel for nearly five years, and it wasn’t for the lack of desire. I just couldn’t keep it up. Every time I created a video, it would take me two hours to film and another six hours to edit. And because each video required eight hours of my time, and I wasn’t making any money for my channel, I started to dread the process, which eventually caused me to quit altogether. Willpower can only take you so far.

07:34
And sometimes the best way to persevere is to just sit down and analyze why you keep failing. You have to figure out what is truly stopping you from taking action. Now, one reason I drag my feet with YouTube is because it took forever to set up my lights and my camera every time I needed to film a video. So to solve this problem, I put together a mini video studio in my office where I could easily push a button and just start filming right away. Now, the other reason I could not maintain my YouTube channel

08:02
was because I hated editing my videos. I love filming, but editing literally sucked the life out of my soul. As a result, the solution to my YouTube problem was to just find a capable video editor. And ever since I found MJ, my current editor, big shout out to you MJ, I’ve been able to create one video per week for the last two years straight and I never missed a week. Once you get to the root of your problem, the rest just kind of works itself out and you can establish a sustainable routine. Now my next tip,

08:32
is to always choose the more enjoyable path. Now, according to a study conducted by Iolette Fishback, the author of the bestselling book, How to Change, it’s much easier to choose an enjoyable path rather than a highly effective path when it comes to sustainable change. So for example, as I get older, I find it harder and harder to stay in shape and lose weight. And over the years, I’ve actually discovered that the most efficient way for me to lose weight is to go running. And by running for just 30 minutes,

09:01
twice a week, I can easily shed 10 pounds within six months. Easy, as long as I maintain a reasonable diet. The problem here is that I hate running with a passion. So instead of running twice per week for 30 minutes, I actually spend two hours now playing ultimate and tennis instead. And even though ultimate and tennis requires, you know, roughly double the amount of time is running to lose the same amount of weight, I actually enjoy playing both sports. So as a result,

09:29
staying in shape is much less of a chore. And according to Fishbox study, people tend to care more about instant gratification as opposed to long-term reward. So as a result, you are much less likely to maintain an unpleasant activity for a long period of time unless you can see immediate results. And people who pursue their goals in a fun way always stick with them longer. All here’s my next tip. Bundle difficult tasks with enjoyable activities.

09:57
Now, finding pleasure with difficult tasks is all great and all, but sometimes it’s actually impossible to enjoy what you’re doing. So for example, I hate doing the accounting for my businesses. I hate writing product descriptions for the products that we sell. I actually hate lifting weights to build strength. And what I found at least is that making drastic changes to your life is rarely fun and more often than not, it sucks. I mean, it just sucks. I mean, there’s no real way to sugar coat it.

10:24
But sometimes you can trick yourself into making hard tasks more tolerable by associating them with an activity you enjoy. So here’s an example. When I was young, my mom always took me to get ice cream at Swenson’s after a piano lesson. And even though I never really enjoyed piano, I always looked forward to getting a caramel turtleneck fudge cone with chocolate sprinkles afterwards. Now whenever I have to write product descriptions for Bumblebee linens, I actually snack on some of my favorite foods. Whenever I have to lift weights,

10:53
I listen to my favorite music. Now, if you can bundle an unpleasant task with something that you love, the two activities often average out to something that’s much more tolerable. My next strategy is something that all of you should be doing, which is to join a mastermind group. Now, when my wife and I first started our business, we were lonely. We didn’t have anyone to bounce ideas off of, and we had no one to hold us accountable for our progress. Joining a mastermind group solved most of our problems.

11:20
Now a mastermind group is a cohort of people with similar goals who meet on a regular basis to share ideas. And in our case, my wife and I formed a mastermind group to discuss e-commerce strategies and we met with our group about once per month. Now mastermind groups are great for the following reasons. One, your group will provide you with advice and insights that you never would have considered. You’ll get a confidence boost from helping other people with problems that you’ve already solved yourself. You’ll gain an accountability partner to make sure that you make forward progress.

11:50
One time, my mastermind group helped me grow my business 42 % in just seven weeks. Now there’s also a hidden benefit of having a mastermind group that is actually rarely discussed. Now according to Eskris Winkler, a professor at the Kellogg School of Management, giving advice and teaching others will improve your own outcomes in life. And here’s what I discovered. I discovered that whenever I gave advice to the group, I was much more likely to follow through with my own words

12:18
to avoid being hypocritical. And this goes true with the chorus too. Anytime I give a lesson, I make sure that I’m implementing that lesson very thoroughly with my own store.

12:30
If you sell on Amazon or run any online business for that matter, the most important aspect of your long-term success will be your brand. And this is why I work with Steven Weigler and his team from Emerge Council to protect my brand over at Bumblebee Linens. Now what’s unique about Emerge Council is that Steve focuses his legal practice on e-commerce and provides strategic and legal representation to entrepreneurs to protect their IP. So for example, if you’ve ever been ripped off or knocked off on Amazon, then Steve can help you fight back and protect yourself.

12:58
Now, first and foremost, protecting our IP starts with a solid trademark and Emerge Council provides attorney-advised strategic trademark prosecution, both in the United States and abroad for a very low price. And furthermore, the students in my course have used Steve for copywriting their designs, policing against counterfeits and knockoffs, agreements with co-founders and employees, website and social media policies, privacy policies, vendor agreements, brand registry, you name it. So if you need IP protection services, go to EmergeCouncil.com and get a free consult.

13:28
And if you tell Steve that I sent you, you’ll get a hundred dollar discount. That’s E-M-E-R-G-E-C-O-U-N-S-E-L.com. Now back to the show. The next tip to making a change is to create a flexible routine. Now, the best way to build a habit and make forward progress with your goals is to create a routine and a schedule. I don’t do anything whenever I feel like it. Instead, every task for my business is actually penciled in on my calendar at the beginning of the week. So for example,

13:56
Mondays, I film a YouTube video and prepare a podcast for publication. Tuesdays, I create a lesson plan for my course. Wednesdays, I give office hours to my profitable online store course members. Thursday, I give office hours to my profitable audience course members. Friday, I work on my e-commerce store marketing and plan the following week. Saturday, I don’t do anything. Sunday, I write a blog post while my kids are in Russian math class. Now, for the most part, I work from 7.30 a.m. until noon on most weekdays.

14:25
and work roughly 20 hours per week. However, it’s important to note that I never assign specific times to any of my tasks. Everything on my schedule is flexible with the stipulation that it must get done by the end of the week. And just a quick note, I actually used to assign specific time blocks to all my tasks, but I found that if I ever missed a particular time block, then I’d be much more inclined to just skip the task altogether. So I don’t recommend assigning specific time blocks to your tasks.

14:53
All right, here’s another trick that I use to make sure I do something. This particular tactic is what I call task associations. Now a task association is a group of tasks that are lumped together in like an if-then fashion. If you guys are coders, you know what I’m talking about, an if-then statement. So for example, here’s a task association that I use to make sure that I do pull-ups every day. Whenever I go to the bathroom, I do five pull-ups. My pull-up bar is conveniently placed right outside of the bathroom.

15:23
So I just quickly pumped them out every time after a bathroom break. Now, prior to implementing this task association, I can never get myself to do pull-ups, but now it’s easy and I don’t even think about it. When I gotta go to the bathroom, I do my pull-ups and that’s that. With my businesses, I actually make an effort to complete one business task every time I use my computer. So for example, whenever I use Facebook, I go down my business task list and just cross something off. The task could be something as simple as emailing someone back.

15:50
but something always gets done and I make forward progress. Now these next two strategies for getting stuff done and making a change and rewiring your brain are a little bit more drastic. But one tactic that I’ve used in the past is to put money on the line. Now there’s a goal that I absolutely want to achieve, I will give $1,000 to a friend and tell him or her not to return my money until I’ve accomplished my objective. Now this is actually a scary and painful way to force yourself to take action, but it works.

16:21
Everyone needs a kick in the butt and sometimes the best motivation is actually the fear of loss. Now, occasionally my business partner, Tony and I will make a bet that we have to do something embarrassing if we don’t meet our goals. But whatever you do, you got to choose something that genuinely inflicts pain or humiliation. Now this final tactic is something that I don’t necessarily recommend, but for some people it’s the only thing that works. And that’s to put yourself in a drastic situation.

16:50
Basically, if I were to define what a drastic situation is, it’s basically putting yourself in a sink or swim situation. If you want to start a business, then quit your job cold turkey so you’re not making any money anymore. And the idea here is that through the sheer desperation of needing money, your brain will find a way to make things happen. Now, for my wife and I, we put ourselves in a life-changing situation when we decide to start a family. When my wife became pregnant with our first child, I was forced into responsibility. All of a sudden,

17:20
I wanted to make life-changing money. I wanted to buy a home in a great school district. I wanted to spend all my time with my kids. Having a child rewired my brain to make a change. Now, I’m not telling you to go off and start a family now, but you have to figure out what strategy works for you. And as my dad once famously said, you can’t expect your life to get better if you continue down the exact same path. So use these nine techniques that I just described to take charge of your life.

17:48
And I don’t want to hear about any more failed New Year’s resolutions from any of you guys. Hope you enjoyed that episode. Now, if you need me as an accountability partner, feel free to email me over at steveatmywifecoupterjob.com and tell me your goals for 2022. And then check back in with me at the end of the year or else I will publicly shame you on the podcast. Just kidding, but do email me. Feel free to email me your goals. For more information about this episode, go to mywifecoupterjob.com slash episode 388.

18:15
And once again, I want to thank Clavio, which is my email marketing platform of choice for e-commerce merchants. You can easily put together automated flows like an abandoned card sequence, a post purchase flow, a win back campaign, basically all these sequences that will make you money on autopilot. So head on over to mywifecoderjob.com slash KLABIYO. Once again, that’s mywifecoderjob.com slash KLABIYO. I also want to thank Postscript, which is my SMS marketing platform of choice for e-commerce. With a few clicks of a button, you can easily segment and send targeted text messages to your client base.

18:45
SMS is the next big own marketing platform and you can sign up for free over at postscript.io slash Steve. That’s P O S T S C R I P T dot I O slash Steve. Now I talk about how I these tools on my blog and if you are interested in starting your own e-commerce store, head on over to mywifequitterjob.com and sign up for my free six day mini course. Just type in your email and they’ll send you the course right away. Thanks for listening.

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Ready To Get Serious About Starting An Online Business?


If you are really considering starting your own online business, then you have to check out my free mini course on How To Create A Niche Online Store In 5 Easy Steps.

In this 6 day mini course, I reveal the steps that my wife and I took to earn 100 thousand dollars in the span of just a year. Best of all, it's absolutely free!

387: John Jantsch Reveals His Strategy For Ecommerce Marketing In 2022

387: John Jantsch Reveals His Strategy For Marketing An Ecommerce Business In 2022

Today, I’m thrilled to have John Jantsch on the show. I have followed John’s blog, Duct Tape Marketing, for over a decade. And his writing inspired me to learn marketing skills to complement my technical skills.

John is known as one of the world’s most practical small business marketing speakers and experts. In this episode, we’re going to talk about his approach to marketing a small business in 2022.

What You’ll Learn

  • How John got started and why he focuses on small businesses
  • The best marketing strategy for a small business owner
  • Which content platform is the most effective one today

Other Resources And Books

Sponsors

Postscript.io – Postscript.io is the SMS marketing platform that I personally use for my ecommerce store. Postscript specializes in ecommerce and is by far the simplest and easiest text message marketing platform that I’ve used and it’s reasonably priced. Click here and try Postscript for FREE.
Postscript.io

Klaviyo.com – Klaviyo is the email marketing platform that I personally use for my ecommerce store. Created specifically for ecommerce, it is the best email marketing provider that I’ve used to date. Click here and try Klaviyo for FREE.
Klaviyo

EmergeCounsel.com – EmergeCounsel is the service I use for trademarks and to get advice on any issue related to intellectual property protection. Click here and get $100 OFF by mentioning the My Wife Quit Her Job podcast.
Emerge Counsel

Transcript

00:00
You’re listening to the My Web Critter Job podcast, the place where I bring on successful bootstrap business owners and dig deep into what strategies they use to grow their businesses. Today, I’m thrilled to have John Jantz on the show. Now, John is the longtime author of Duck Tape Marketing, which is actually a blog that I’ve read since 2009. He’s known as one of the world’s most practical small business marketing speakers and experts. And today we’re going to learn his strategy for marketing an e-commerce store in 2022 and beyond.

00:28
But before I begin, want to thank Klaviyo for sponsoring this episode. Always excited to talk about Klaviyo because they’re the email marketing platform that I use for my e-commerce store and I depend on them for over 30 % of my revenue. And you’re probably wondering why Klaviyo and not another provider. Well Klaviyo is the only email platform out there that is specifically built for e-commerce stores. And here’s why it’s so powerful. Klaviyo can track every single customer who has shopped in your store and exactly what they bought. So let’s say I want to send out an email to everyone who purchased a red handkerchief in the last week, easy.

00:56
Let’s say want to set up a special autoresponder sequence to my customers depending on what they bought piece of cake and there’s full revenue tracking on every single email sent. Klaviyo is the most powerful email platform that I’ve ever used. You can try them for free over at klaviyo.com slash my wife. That’s K-L-A-V-I-Y-O dot com slash my wife. I also want to thank Postscope for sponsoring this episode. Now, if you run an e-commerce business of any kind, you know how important it is to own your own customer contact list. This is why I focus a significant amount of my efforts on SMS marketing.

01:27
Text message marketing is already a top five revenue source for my eCommerce store and I couldn’t have done it without PostScript, which is my text message provider. Now, why did I choose PostScript? It’s because they specialize in eCommerce and eCommerce is their primary focus. Not only is the tool easy to use, but you can quickly segment your audience based on your exact sales data and implement automated flows like an abandoned cart at the push of a button. Not only that, but it’s price well too and SMS is the perfect way to engage with your customers.

01:54
So head on over to postscript.io slash Steve and try it for free. That’s P O S T S C R I P T dot I O slash Steve. And then finally, I want to mention my other podcast that I released with my partner, Tony. And unlike this one where I interviewed successful entrepreneurs in e-commerce, the profitable audience podcast covers all things related to content creation and building an audience. No topic is off the table and we tell it like how it is in a raw and entertaining way. So be sure to check out the profitable audience podcast on your favorite podcast app.

02:23
Now onto the show.

02:31
Welcome to the My Wife Quit Her Job podcast. Today I’m thrilled to have John Jantz on the show. Now, even though John and I have never met in person, I’ve actually followed his blog, Duct Tape Marketing, for the longest time. In fact, I believe I started reading it in 2009 when I first got started blogging. And his writing was one of the reasons I was convinced that I need to learn marketing in addition to microprocessor design, which was my day job back in the day.

02:57
Anyway, John is known as one of the world’s most practical small business marketing speakers and experts. He is also a famous author with hit books like Duct Tape Marketing, The Self-Reliant Entrepreneur, The Commitment Engine, and his latest book, The Ultimate Marketing Engine. And his books have been translated into 14 languages worldwide. So today, what we’re gonna do is we’re gonna talk about his approach to marketing a small business, which is what he specializes in, in the face of increasing competition. And with that, welcome to show, John. How you doing?

03:25
Oh, I’m doing great. Thanks. Thanks for having me, Steve. My next career is going to be microprocessor design. So I was an electrical engineer back in the day. And if you can imagine for me, the transition from engineer to a marketing person was a big one for me. think marketing to engineering is worse, actually, possibly. Really? Okay. Yeah, possibly. I’ve never gone the other way. So I’ve followed you for some time.

03:53
But please give the audience an introduction into your background and how you became an author and speaker. Sure. So I started actually my own marketing consulting firm going on 30 years ago. Can you imagine that, Steve? We didn’t even have the Internet and we were doing marketing. I don’t even know how it’s possible today. That is crazy. I imagine the tactics have changed. Well, you know, they have, but I always tell people fundamentally what our job is. Marketers is has not changed at all. It’s to get somebody to trust us enough to give them their money. And obviously there are.

04:22
platforms and networks and all those kinds of things out there, but fundamentally not really changed that much. at any rate, I, you know, I just, like a lot of people, I jumped in and hustled work. knew I could hustle work. got big projects, little projects, big companies, little companies. Pretty soon I found I got a couple of small business clients that really wanted me to kind of take over their overall marketing, but you know, they’re really frustrating. I couldn’t figure out how to do it in a way I’d been trained. I worked for an edit agency for about five years and

04:49
It just didn’t apply the same process. So I decided what I had to do was be able to walk into a small business and say, here’s what I’m going to do. Here’s what you’re going to do. Here are the results we hope to get. And here’s what it costs. So I created essentially a product out of marketing and, but I needed to give it kind of a producty name. And so instead of just calling it my consulting system, I came up with duct tape marketing. So, so that was really the genesis of the term, uh, duct tape marketing was to describe my approach. Now.

05:15
It really resonated with small business owners so much. I I grew my practice preaching this. started writing about it. I started the blog. I spent a book podcast. I pretty much changed the name of the company to Duct Tape because it really became so foundational to what I did. 25, 30 years later, I’m now writing my seventh book and have a network of independent marketing consultants around the world that are actually installing the Duct Tape marketing system in thousands of businesses on any given day.

05:45
So I’m probably dating myself, but whenever I think of duct tape, I think of MacGyver. And does your approach have anything to do with MacGyver? Well, think it borrows from a lot of what you’re suggesting. I mean, the metaphor of simple, effective, affordable doesn’t always have to be pretty, it just has to work. I think that’s how a lot of small business owners really, especially initially, approach marketing. certainly, I’ve…

06:11
benefited that metaphor, I think is benefited from the fact that least in North America, there’s a strange affection for all things duct tape as well. So a combination of that affection and, and the metaphor, you know, for what it’s like to be in small business, I think actually made that, that that name kind of a kind of a hit. So it’s funny, just listening to your introduction, one of my pet peeves, because I teach e commerce, is when someone wants to start an online business or an e commerce business, and they tell me that they aren’t

06:40
interested in marketing, who can I just pay to do everything? And I would say probably the main thing that I learned from you back in 2009 when I was an engineer is that marketing needs to be a part of everyone’s job, right? Yeah. So true. mean, any way, and form which your business is coming into contact with a prospect or a customer, you are performing any marketing function. So that person that answers the phone, that person that sends out the invoice, that person that fulfills the order or answers a question,

07:09
that a customer has. I those are all marketing functions all across the company. so, you know, I think marketing today is really as much a culture issue as it is a tactical issue. I mean, it’s basically a part of your business that is always going to be there, even if you think you’re going to be outsourcing it. Yeah. Well, and what I tell people, I mean, there are a lot of tactics, especially today. I mean, all the social networks have gotten increasingly complex in terms of their formats and those kinds of things.

07:37
There’s a lot of things like that that you should outsource, but you cannot abdicate marketing strategy. You cannot abdicate who the customer is, what your message is, how you’re going to meet them, and the journey you’re gonna take them on. Those are all things you have to continue to own. Yeah, so John, what I was hoping to do today was to go into depth on the best way to come up with that marketing strategy as a small business owner, because actually, you know, I’ve always been curious, how come you decided to focus on small business before we get into the guts?

08:05
I think it started with, just loved working with small businesses. I had a lot of really big clients and you they go through the RFP process and you’d get paid 90 days after you sent them the invoice. In fact, I have a story that I tell all the time. I was working with a big telecom company and I did a really small, goofy project. was like $1,500 and 12, know, $1,512 or something like that, an invoice. And I got a check for $152,000 and blah, blah.

08:32
from the invoice 90 days later. And I called them up to say, hey, what do I do? And they proceeded to, first of all, scold me for what I can’t remember why, but then also give me like three forms I had to fill out in order to return the check to them. And I thought, man, there’s something really both parts gratifying and terrifying about working for somebody who is

08:59
they’re writing the check and they’re making a decision about whether to pay you or maybe to get Susie braces. And I just really said that that’s who I want to serve. Now, I will also say that at that time when we were just starting on the digital kind of front, nobody wanted to serve. Nobody had any real interest in trying to serve that market because they were very hard to reach. There was no conference, there was no one ad you could buy. And so I think I saw a real opportunity

09:26
to serve a market that was not being served. Okay, all right. So John, so a lot of the listeners here want to start an e-commerce business. And I know the type of business generally doesn’t matter, the principles apply no matter what. But let’s just hypothetically say that I have an e-commerce apparel brand or something along the lines where I’m selling something. How do I form the basis for my marketing strategy? Like what are some of the fundamental principles that you need to be thinking about? Well, the first thing I always advise people to do and

09:55
maybe they’ve come up with some great new thing that nobody’s ever heard of. But that’s rare, right? A lot of people are starting is like, hey, I think I can make money doing this. Or I like, I have a hobby, you know, doing, you know, collecting XYZ. So maybe I could figure out how to sell that knowledge. So I think the first thing you really have to understand is what problem are you trying to solve or are you available to solve or who has a problem that needs solving?

10:25
Because just putting another store out there is probably not going to address anybody’s problems necessarily. mean, you you’re competing now with Amazon, for example, if you’re just doing that. so how can you address some, some need or small, you know, itch that somebody has that for whatever reason, it’s not being served. And, and that is probably advice everybody gives. But it’s, it’s really so hyper important.

10:53
And that continues after you have customers. Cause sometimes people start something and they generate a little bit of interest and some momentum, but they kind of stall because they’re really seen as a commodity. They just happen to be a commodity that advertises or somebody found. And so they make some purchases. So you have to continue this process, always digging in and understanding why people buy from you, why they stay with you, what you do that others don’t.

11:20
So I think since I teach this stuff also, one of the biggest struggles that people have is like, if you’re selling like shirts or apparel or something like that, like what problem are you really solving? Like, do you have like a process for figuring that out? Well, we, I mean, we do a real, you know, exploratory process. I mean, it really has to do with customer discovery. So when, people have customers, we spend a lot of time interviewing those customers.

11:46
When they don’t have customers, we make some assumptions about who they think they can appeal to. And we start trying to collect information and research from those folks. Businesses that do get reviewed. So another thing we like to do is, if you’re just starting out, go find the theoretical competitors or the aspirational competitors, people that are already doing, seemingly doing what you want to do because they’re probably out there.

12:16
If they’re getting reviews, if they’re getting testimonials, a lot of times we can learn some things because people leave reviews and testimonials typically are talking about how their expectations have been exceeded or what this company does, what little things this company does that nobody else does. so you can get a lot of clues in the market, what the market cares about and what the market is really craving by looking at a lot of other people that are doing something.

12:42
similar to what you’re doing. It doesn’t have to be another shirt seller. It could be somebody that is serving maybe the same market. So you brought up something really interesting that for some reason a lot of people have an aversion to, which is actually talking to the customer. So we live in an online world today and you think that you can just sit behind a computer. So let’s say I do have a handful of customers. I’m very curious how you approach asking the customers for feedback.

13:08
Yeah, I think it is funny. One of the things about technology is, is it’s really easy to use it as a shield to automate everything. And that’s one of the beauties, right? I’m sitting up at midnight now with my side hustle because I can, you I don’t have to be there in the eight to five hours to do that. So I, so I get that. But, but I think in today’s world and this is

13:30
You know, we had this pendulum that swings back and forth. mean, I think it was really great. All this automation you could do. then it kind of was like, eh, people want a little more human touch. And I think what we’ve all gone through the last 12 months is really asking for more authenticity, more human touch. And so I really think the opportunity to literally just reach out and say, I want to understand better, you know, what we could do better. I want to understand what we do well. I want to understand what you’re not getting in your life right now. You know, once you have

14:00
customer and you’ve established some trust, I find that some percentage of them actually really like being asked for their views and their opinions. it doesn’t mean that you’re going to now go out and carry red, green, and blue because one customer said so, but what you’re really trying to get at is the stories. You’re trying to get at, when we ask people all the time, what is it that when we’re talking about a client’s clients, what is it that they do that nobody else does? we’ll always almost get

14:29
Well, they provide better service. And so that’s not very useful. What does better service look like to you? Tell me a story about a time when they provided better service. And then we start hearing themes that really show up in our core messaging, that show up in email subject lines, that really give us great blog post ideas. So it’s not just a matter of understanding your customers so you can do more with them. That’s a big part of it too.

14:57
Because once you establish that trust, there’s a good percentage of your customers would actually like to buy other stuff from you or do the premium version of what it is that you offer. that kind of ladder approach becomes much more available, I think, when you’re constantly talking to your customers. But you also get better at attracting more of the same people if you can fully understand what it is you do for them that they’re not getting elsewhere.

15:27
So are you suggesting a phone conversation here? That’s what we do. mean, if the coffee shop of options available, that’s a great one too, but you can get a lot accomplished in a phone interview. But I understand that this is part creative art. This is not research. You’re not checking boxes. asked them these five questions. They said yes or no. mean, you’re really just trying to get at, you’re trying to listen for messages that if you do six or eight of these,

15:56
I can almost guarantee that you will start hearing some things repeated. And that’s what you want to dig in on. You know, it’s funny, and my wife actually was really against this, but I used to call up all of our abandoned cart customers because they started the checkout. I have their phone number. So maybe within 10 minutes after I would call them up and say, hey, why didn’t you buy this? In a nicer way. And then I give them free product, of course. But the last time we had launched an apron line and I called them up and they were like,

16:24
The reason why I didn’t buy was I wasn’t sure if this was gonna fit my child because I listed it ages four to 10 or something like that and that was kind of ambiguous and it was like a large range of ages. So we fixed that, yeah. Yeah, and I think that’s the thing that we underestimate. If there’s a moment of confusion, particularly online, we will probably bail unless it’s a company we’ve done a lot of business with before.

16:52
And so half the time, as I’m sure you discovered, your abandoned cart was really more about confusion than it was about, oh, I don’t like this or I changed my mind. Yeah. So let’s say I’ve interviewed a bunch of people and I know I have a pretty good idea of who buys my product. What is the next step after that?

17:10
Well, again, it’s not just a matter of knowing who buys it, but knowing why they buy it and what message appealed to them. Because, you know, again, the two greatest opportunities are to do more with your existing clients and to understand, you know, who your ideal client is so thoroughly that you can go attract more of them. So we’re going to use what we learn in this research in messaging, in all the forms of messaging that we put out there.

17:38
Um, another great use of doing these interviews is you will probably have an opportunity in the right, uh, instances to generate some, uh, some content from them. Um, you know, the form of a testimonial or in the form of a review of a product or something, you start doing this outreach and you probably found this, Steve, uh, you start people are like, Oh, a real person is behind this website. And all of sudden they get more attachment.

18:04
to that company and they’re more willing to maybe talk about the good experiences they’re having in a public way. That’s certainly what you want to do, I also find that, I use an arbitrary number, but I try to help companies identify their top 20 % of their customers with the idea that some percentage of them would probably do 10 times the business with us if we gave them the opportunity or we understood where the opportunity was for them.

18:32
And some even smaller percentage might do a hundred times more business if we gave them, if we learned from them and gave them the opportunity and, and, know, scaling with your existing customers is so much more profitable generally than going out and just constantly running ads and trying to get a return on your ad spend. It’s funny you say all these things, John, because so we sell wedding hangers. I I’m pretty sure you’re not familiar with what we sell, but most people they get married just once. Right. So the chance of repeat business is not so hot, but

19:02
we were getting these customers who were buying large quantities of our handkerchiefs. And so one day we called them up and then it turns out that there’s a lot of wedding and event planners that were buying our stuff for their clients. And then that just opened my eyes. And so that’s part of our strategy today. We’re trying to find those. We call them whales at my company. And yeah. Well, the wedding, you know, the nice about the wedding industry is that’s an entire ecosystem. You know, because people go through that, like you said, only well,

19:33
only what is it 2.7 times average in their lifetime? Yeah, the divorce rate is quite high. yeah, but so so you know, there’s the flowers and the invitations and the events and the caterers and the music and I mean, so there’s just so there’s a whole strategic partner network that that you know that that industry presents. Yeah, for sure, for sure. And I know you mentioned content. And I remember when I first started my blog back in the day,

20:01
can’t remember exactly what you said before because it was so long now. But I remember I was determined to just make content part of the strategy. Today, the ecosystem is a lot or the world is a lot different than it was back then. It seems like everyone and their mother is doing content now, right? Yep. Yep. So it’s a lot more competitive. what is your what are your views on content today? So my views on content have evolved from remember when we used to say content is king. Yeah. And then it became, you know, for me, it became air. Right. We decided, oh, we can’t even

20:31
play in the digital space without some focus on content. Today, I call it the voice of strategy because you’re absolutely right. There’s so much content out there, but part of the reason is so much content is being consumed. So much content is needed because of the way that people buy today. Like that’s probably the greatest thing that’s changed in marketing is not all the tactics and the platforms, but the way people choose to become customers is probably the biggest change because

20:58
the way they go out and search, what their journey looks like today. A lot of those stages are really out of our control to some extent. So I call content the voice of strategy, meaning that instead of just focusing on like so many of us did more and more more, let’s look at the stages of our customer journey. And we can talk about this in greater depth if you want to, but we have for a long time, use something we call the marketing hourglass as our customer journey tool. And our marketing hourglass,

21:28
Of if you think about the hourglass shape, it borrows from the funnel, but a lot of people, that’s where marketing stops is sort of when somebody drops out of the funnel as a customer. And for us, that’s where the opportunity really expands. And so if you think about the upside down funnel or the bottom half of the hourglass is to me, that’s where the real opportunity and focus should be. So our seven stages are no like trust, try by, repeat and refer.

21:55
And I use those terms because I think they reflect the behavior that our customers or any customer really wants to participate in with the companies that they do business with. And you can use your own kind of buying experience to sort of validate that idea. And our job as marketers is, you know, what if we thought about the fact that our customers questions and objectives and process for research, you know, changes.

22:23
at each of those stages. So when I don’t know about somebody who can solve my problem, I’m just out looking for who’s out there. You who’s got what I’m looking for, who can solve my problem. But as I move further and start finding some people, now my questions change to, will this work for me? Or can I trust this company? So if we thought about our content as not as a dumping ground for more and more and more, but as a tool to drive every one of those stages.

22:51
we start looking at what content do I need to know when some, or what content do I need to produce to get somebody to know me? What content is going to make them say, okay, I like what I’m hearing here. What content do I need to produce to get somebody to trust? What content do I need when somebody wants to try me out in some fashion? What content do I need when they buy? And that includes like orientation and onboarding content.

23:16
What content when I want them to repeat? And then finally, what content will I need to help generate referrals? And I think that if we take that focus, it allows you to actually produce less content, but be far more focused on the usefulness of that content in guiding the customer journey.

23:34
If you sell on Amazon or run any online business for that matter, the most important aspect of your long-term success will be your brand. And this is why I work with Steven Weigler and his team from Emerge Council to protect my brand over at Bumblebee Linens. Now what’s unique about Emerge Council is that Steve focuses his legal practice on e-commerce and provides strategic and legal representation to entrepreneurs to protect their IP. So for example, if you’ve ever been ripped off or knocked off on Amazon, then Steve can help you fight back and protect yourself.

24:03
Now, first and foremost, protecting our IP starts with a solid trademark and Emerge Council provides attorney-advised strategic trademark prosecution, both in the United States and abroad for a very low price. And furthermore, the students in my course have used Steve for copywriting their designs, policing against counterfeits and knockoffs, agreements with co-founders and employees, website and social media policies, privacy policies, vendor agreements, brand registry, you name it. So if you need IP protection services, go to EmergeCouncil.com and get a free consult.

24:32
And if you tell Steve that I sent you, you’ll get a hundred dollar discount. That’s E-M-E-R-G-E-C-O-U-N-S-E-L.com. Now back to the show. So I know it still sounds a little overwhelming to me, because you have to think about the types of content you just specified in addition to getting leads. So how do you prioritize? Because I know you talk a lot about SEO also in terms of content, right?

25:00
and then there’s social, the whole bunch of different places. Well, here’s what I would tell a lot of people. You probably have produced a lot of content that’s not producing any results for you because you got on the blog bandwagon and you woke up on Monday and said, Oh, what do need to write about? And so you just wrote content. And the good news is now you have 247 blog posts, but they’re just out there in the ether, unconnected, disconnected to anything useful.

25:24
So one of things we’ve been doing for the last three years is going into people who have done that and restructuring their content into what we call hub pages. So content around a particular service or around a particular idea. Now, if you Google the term guide to local marketing, you will find a, I think HubSpot beats me out on some days, but you will find the duct tape marketing guide to local marketing either in the one or two spot. And what that is,

25:52
is simply a restructure of content that I’d written for years about various aspects of local marketing. Google AdWords, or I guess Google Advertising as we call it today, Google My Business, citations, you all the various things that go into local SEO. But what the Hub page does is it structures that content almost like a table of contents for a complete guide. So if somebody’s trying to figure out how do I do local marketing better, they could come to that page and find

26:20
what’s effectively 30 or 40 blog posts or links to 30 or 40 blog posts structured around some of the subtopics about local marketing. And some of most of them will be on my site, but others will be some other good resources in other places as well. And all of these pages, which used to be just individual blog posts, all linked to each other and then all linked back to the hub page as well. And so what we’ve done is repurposed

26:50
a tremendous amount of content that we’ve written, some of which was very old, into a very useful guide that we use in sales that we promote. Now there’s also a lead capture device there when people come there, but we promote that in ads and in Facebook ads. And because it’s so useful, people share it, they linger on it, they click around to three or four different pages. so…

27:15
that content that we really wasn’t doing that much good for us now has become a real magnet for potential leads for our business. And it’s mainly because we’ve turned existing content into a utility. So that’s one of the things that I would do with many, many people that we work with who have been producing content for years, but they’re just not getting that much value out of it from a lead standpoint. But that content also works

27:43
in a lot of other stages in the journey, because it builds trust. So people get our SEO playbook that is there. It really allows us to dump them into a sequence that is going to nurture them and give them further calls to action. so we’ve taken content that we use for lead generation and now are able to use it to really help guide the journey along. Can you comment on like all the different mediums to choose from today? I mean, it’s

28:11
pretty overwhelming like where to start. Back in the day, it was basically just written word, right? Content marketing. Now there’s like YouTube, TikTok, social media, all these different things. How do you wrap your head around it when you’re advising a company on where to go? So we’ve put pretty much everything into a number of channels. I mean, to me, the website content in SEO has risen to the strategic level. I mean, that’s part of planning our website structure, our content, how we’re going to optimize that content is really one of the first things that we work on.

28:42
building that foundation. then obviously email marketing is huge. Social media is huge. Reputation management for a lot of businesses is huge part of that. And then obviously all of the paid search. And then, you know, let’s round it out with the analytics because that’s the part that a lot of people sort of forget about. We build this whole system, but then we use analytics and goal tracking to make sure that what we’re doing is getting the most impact.

29:08
So those are the primary buckets that we put everything into. And then it’s really a matter of, your strategy is going to be driven or your tactics, should say, are going to be driven by your strategy. it’s very appealing for a lot of people to say, like you mentioned TikTok. TikTok is really hot topic right now. lot of marketers, a lot of e-commerce folks are saying, how do I crack that nut? How do I figure that out?

29:37
It may be the place that you should be playing. However, what a lot of people do is they get so scattered that they’re really not able to master anything and they’re not able to really get any momentum. mean, it feels like a waste of time because they’re throwing stuff into TikTok and into Instagram stories or reels and they’re just, you know, they don’t feel like they’re getting any for it. And a lot of times it’s because we’re just, you know, we’re just dabbling, you know, to places.

30:06
And so what I try to get people to do is to really lock in on what they think is going to be their best opportunity to go deep. Because one of the challenges I think a lot of people have with social media today is, because there’s so much competition between the platforms, they’re all getting far more complex in terms of the formats and things that are available. So it’s very hard to…

30:32
create one little video and think, oh, I’m going to put this in all, you know, all the social channels because it’s, know, it’s just not going to work. So my advice is to pick one or two and learn it, pick the, pick the one or two that you enjoy, that you get and learn them and go very deep and focus on them and get some traction there before you start thinking about, oh, here’s the next new one. And I know a lot of people just feel like, oh, I’m missing the opportunity. You know, clubhouse was

30:59
was, you know, giant for about six weeks. Yeah, during the pandemic. Yeah. And so many people were like, I’m missing, I’m missing out if I don’t get there. And I think that a lot of what we do is we spend a lot of time helping people understand what not to do. Right. Yeah. I think that’s the biggest challenge. There will always be more to do or more that you want to do than you can do. So let’s prioritize. So maybe I’m old school, John, but, you know, social media requires posting so many times.

31:28
Whereas YouTube and just SEO in general, it’s almost like you put your efforts in in the beginning. And once it gains traction, you get that traffic for a long time. What is your philosophy in general on just the mediums? Yeah, I’m not gonna argue with what you just said at all. mean, we have blog posts that I wrote probably in 2005, 2006 that are still getting hundreds of views a day.

31:54
So, you know, that’s pretty hard. That’s pretty hard to replicate, as you said, in any kind of other platform. I think that it really all comes down to your strategy. I mean, if if you’re selling a fashion item, let’s say you’re selling purses or something, you know, social media is where a lot of people are going. Yeah. For that. Now, if you can over time dominate searches for product, but good luck because you’re

32:22
competing with Google and you’re competing with a lot of people. It’s tougher. mean, that’s the golden goose, right? Is that you’re showing up for product searches, specific product searches for stuff you sell. But that’s the competition there now has gotten so brutal that I think a lot of people are realizing that social media still gives them the opportunity to reach certain markets if they’ll hustle and work that. But you’re right. The challenge is

32:52
you got to do it every day. It doesn’t. It doesn’t. Other than the fact that you might build a large following that you then now have access to on an ongoing basis. You certainly have to keep reproducing your efforts every day. want to revisit repeat business because I feel like it’s something that most businesses don’t think about that much. But there’s been so many studies. think Bain had one where a 5 % increase in retention was something like 75 % more revenue. And

33:19
It’s not as sexy, right? You’re not getting new customers. So I’m very curious how you advise your companies on how to increase the repeat business front. Well, you know, there are two variables, repeat and retention. So there are lot of people that are selling. I actually sell a membership to a consulting program or a consulting network. know, we very much the growth of that business relies on us getting new folks.

33:46
but it also relies on us retaining about 85 % of those people who continue to pay a fee to stay in there. So really focused, in fact, we probably spend more time on retention than we do on recruitment. That’s partly because just our time and resources are limited. But for us, we find the value in not only keeping those folks, but finding what else we can.

34:12
This sounds so coarse, but finding what else we can sell them is because they because in some ways and again, this this sounds probably too bold, but in some ways they will buy just about anything we have as long as we continue to deliver the value we have delivered in the past. And so, you know, our job a lot of times is to think of what how else can we serve them in a way that that’s going to continue to bring value that they are willing to pay for? That gets a lot easier than going out there and saying, how can we

34:41
do a campaign to bring in new people who maybe have never heard of us before to buy something. You do need both of those, but if I was given the option to prioritize, I would prioritize in that instance retention. Now repeat business for a lot of folks is a form of retention. You get people to come back and buy again, especially if you have something that’s a consumable. So obviously that’s a, just staying top of mind, continuing to communicate.

35:09
making sure that they’re happy. Because a lot of times what happens is people start seeing this, this erosion of repeat business and you’re just not sure why people just, they’re just not coming back anymore. Don’t know why. So obviously keeping your finger on the pulse of exactly what’s happening, you know, over communicate surprise people in some fashion, do something they weren’t expecting. Like you said, you were doing those calls and giving people free product. I remember one time I bought a pair of shoes and

35:37
running shoes online and I got some socks and energy bars in the box. I was like, wow, you know, I’m going back there. Yeah. You know, that was really cool to get that. So those kinds of things, I think you just have to be intentional about. but also the the the the crime, the criminal thing act that I see happening so often is, you know, somebody will have a customer and that customer will be talking to the customer or customer say, oh, yeah, we just we just added such and such.

36:06
to our thing and just like, wait, you know we do that too, right? So not failing to communicate all the other ways that you can help somebody who becomes a customer. They come in one door, they buy from you, you give them what they bought, give them the service, provide the service, whatever it is, but then you’re not kind of immediately on the lookout for continuing to educate them on what else you could do for them. And that, know, those…

36:34
Those two things I see as one of the easiest buckets to fix. That idea of staying top of mind with your existing customers so they come back, communicating with them so they come back, and then continuing to educate them and cross upsell on what else you could do for them are probably the two easiest sort of layup opportunities for many businesses. I just wanted to let you know that tickets for the 2022 Seller Summit are now on sale over at sellersummit.com.

37:03
Now what is the Seller Summit? It is the conference that I hold every year that specifically targets e-commerce entrepreneurs selling physical products online. And unlike other events that focus on inspirational stories and high-level BS, mine is a curriculum-based conference where you will leave with practical and actionable strategies specifically for an e-commerce business. And in fact, every speaker that I invite is deep in the trenches of their own e-commerce business. Entrepreneurs who are importing large quantities of physical goods,

37:30
and not some high level guys who are overseeing their companies at 50,000 feet. The other thing I can assure you is that the seller summit will be small and intimate. Every year we cut out ticket sales at around 200 people, so tickets will sell out fast, and in fact we sell out every single year, many months in advance. Now if you’re an e-commerce entrepreneur making over 250k or $1 million per year in revenue, we are also offering an exclusive mastermind experience with other top sellers. Now the seller summit is gonna be held in Fort Lauderdale, Florida from May 4th to May 6th.

38:00
And as of right now, we’re almost already sold out of Mastermind tickets and we’ll be raising the price every month leading up to the event after Cyber Monday. more information, go to SellersSummit.com. Once again, that’s SellersSummit.com or just Google it. Now back to the show.

38:17
Yeah, there’s a couple of things that you just said that I just want to highlight here. And basically this is for the Amazon sellers out there. But you know, once you have, and you’re talking about retention, once you have this reputation, and this is often bolstered through content and which content leads to authority, people will tend to buy whatever you have to sell. Like I have friends who will buy any Apple product as soon as it comes out. Right. And likewise, I’m sure you have fans who will just buy any book that you have coming out, right? Regardless of what the topic.

38:46
I mean, you could be writing about apparel or something. People would still buy that book. And that’s what you’re missing when you’re using a marketplace versus your own store where you can actually create these relationships by communicating with your actual customers. And I’m sure you’ve seen this, because you’ve been doing this for a while that I think that’s one of the greatest ways to stand out in the online world is to actually provide some human touch, let them know there’s a real person. I mean,

39:13
I get some things every now and then and somebody will slip a note into it that says, Hey, this is really a pleasure for me to pack this up for you today. Let us know if there’s any issues, uh, know, rusty. And I’m like, wow, maybe there’s a rusty, maybe there isn’t, it felt good to get that because, know, we’re just so used to the, the sort of robotic ordering of things now, uh, that, that any company online company that I think adds a little human touch, that’s a great way to stand out.

39:41
You know, it’s funny, John is like everyone who’s a small business wants to act big. And I feel like every large conglomerate wants to act small. Well, yeah, yeah, yeah. Totally. Whereas I always like tell everyone who’s small is just embrace being small and just do all those little things. Like I remember when I first started, I did a lot of these little things that I stopped doing now and I’m kind of revisiting them now. Cause like, why did I stop them if they were working? We get busy and yeah, I think we got it all figured out.

40:10
It’s just something I struggle with. I don’t No, you’re not alone. think, I think any, you know, one of the, one of the challenges is, is you, you know, you meet a level of success with it and it’s very common. stop a lot of the things you did in the beginning to hustle is because you were trying to, know, you were trying to get on the radar. Uh, you get on the radar and sometimes it’s easier to, uh, to let some of those things slip. So John, I wanted to also talk about the ultimate marketing engine. What, is this book about? I haven’t read it yet.

40:38
So, so it’s, uh, the subtitle maybe helps a little. It’s called five steps to ridiculously consistent growth. Um, it is essentially a strategy book that, talks about, basically sum it all up in this one sentence. The ultimate marketing engine is a successful customer. One of the big premises of this book I’m trying to suggest is what if we looked at our customers, uh, less as a transaction and more for the transformation that they were looking for? So in other words,

41:07
Maybe our initial relationship is they come to us wanting a certain thing. They come to us in a certain stage in their life or their business. What if, what if we look to our business and said, how can we take them from where they are today to where they ultimately want to go? So it’s about growing with your customers much more than it is about, you know, what are, what’s some new Facebook tactic. So in the context of, guess, some of your memberships, can you just give me some concrete examples?

41:38
Yeah, so in our consultant network, we have what we call a consultant maturity model. We have a lot of folks, a lot of consultants that join the Ductype Marketing Consultant Network. We really attract a lot of people jumping out of corporate. I think a lot of my point of view is sort of old school about marketing and very systematic about marketing. And to be honest, it’s not necessarily an e-commerce side hustle kind of marketing.

42:06
Our focus is really a lot of traditional kind of businesses. And so we attract a lot of what I would call traditional marketers jumping out of corporate, to, want to start their own gig, but they really want to have, um, you know, a roadmap kind of to, to, run on. And so we, we actually have stages and each of those stages have characteristics and we know that, you know, we know what the consultant looks like when they’re in a startup mode. know the challenges they’re going to face and we know.

42:33
that the promise of moving them to the next stage, what they’ll be able to do with their business. And so we actually have five stages and each of those stages has a list of milestones that we know if we can get them to accomplish this list of milestones. if they’ve accomplished this one, we check it off. If they haven’t, here are the tasks to help them accomplish that milestone. And our ultimate goal is to move them.

42:59
through the stages to the point where they not only have a successful business, but they have built a business that gives them a lot of opportunities, maybe at some point allows them to certainly scale that business wherever they want to go. Some people want to stay small intentionally, but we get them very stable. Some people actually want to scale to the point of hiring employees or maybe even exiting that business. And so we have that roadmap pretty much planned out for them.

43:25
And can you know, we’ve really becomes the mission of our business of that particular training business, not just to sell them a membership and say, here’s what you get, but but to actually move them through these stages. So I know you probably have a lot of customers. How do you maintain like that human touch despite the fact that you have a lot of customers? What are some things that you do? One of the things we try to do, I won’t say that we’re the best at it by any means, but.

43:54
We really try to make sure that everything that we write, everything that we produce, all the videos that that feature me are very humble, very down to earth, very practical. we’re not, uh, you know, we’re not hypey. We’re not salesy. It’s probably, uh, cost me millions of dollars, uh, because I don’t do some of the checkout, um, and three upsells. Yeah. Yeah. Sounds spammy. Yeah. Yeah. That’s just been my point of view. Maybe it’s.

44:24
You know, it’s, it stems from who I am also doesn’t hurt that two of my employees are daughters. And so they’ve seen me do that for, for many, many years. I think that’s probably the biggest thing. It does get harder as you get bigger. mean, I, know, I get hundreds of emails a day, people asking for stuff. And we respond to a lot of them as best as possible. We’ve gotten to the point where we respond to a lot of them.

44:53
with canned responses. That’s not fun, but at least they are the friendliest, nicest canned responses you’re get, even when we’re saying no to something. Well, let me ask you this, John, like a lot of things have changed since both you and I started with content. If you were stall over today, where would you start? You know, a of people ask that question, Steven, I hate it because I’m tired. I thought I was starting over again.

45:21
I love what I’m doing. so the, you know, I don’t know if I can, I’m not going to give you a very satisfying answer. mean, I would, I would probably start in something that a content or a content topic, or maybe even a store or online store or something that was maybe wasn’t even, I couldn’t even think to myself.

45:43
Yeah, I’m going to make a money doing this, but it would be a topic that I would enjoy. I’m I live in Colorado in the mountains. I love the outdoors. You know, if I were to start over again, I would start something, some sort of educational element about some aspect of nature and outdoors and being in the outdoors and being active in the outdoors. And like I said, that’s probably not a very satisfying answer because it’s not, it’s not like, yes, if you dropped me in this town and I only had $5 and I had to start all over again, here’s how I would build my empire. But it’s, it’s.

46:12
I think what I would focus on is at this point in my life is just stuff that interests me. Yeah, you know, it’s funny, Joe. I get asked that question probably not as many times as you do. But my answer is always this. I would just start creating content on something that I’m really into. And if you think about it, everyone’s into something. Yep. Right. And I would just start writing it without even the intention of making any money on it. Just pour my heart into it that’s my hobby. Yeah. And then good things just happen. Yeah.

46:41
It’s, it’s funny. There’s a book I’m reading right now and I recommend it highly to anybody that will listen. It’s called 4,000 weeks. And it’s, it’s a quasi time management productivity, but it’s completely backwards. mean, it’s not, there are no hacks in this book. It’s really, it ultimately comes down to almost saying, you know, give up, you can’t manage time. You know, here’s what, here’s how you have to think about the short, you know, life that you have on this planet. I know I’m, probably underselling the book, but one of the things he talks about is, is

47:11
the distinction between a hobby and a side hustle. A lot of times people, um, if you’re not embarrassed to talk, uh, just a little bit embarrassed to talk about your hobby, it’s probably not something you’re passionate about. And he says that the, that that’s the difference. A lot of people call something a side hustle because they justify the fact that they’re doing it because it might have some monetary gain. Uh, but I, when you just said that, I think that you’re absolutely dead on something that you really call a hobby and it’s

47:39
crazy like you pour 10,000 hours into building little mini toy train, you know, tracks or something like that is probably the thing you should be writing about. You’re right. Yeah. Yeah. Well, John, where can people find you online? Where can they get your book? Your latest one? Yeah. So, you you can find anything I’ve been doing for the last couple of decades at ductapemarketing.com and that’s just D-U-C-T-T-A-P-E marketing.com. This newest book has its own companion websites called The Ultimate Marketing Engine.

48:10
And if I don’t know when the show will come out, but the book itself comes out September 21st. So. Pen upon when you’re listening to it. But if you want to get a jump and you’re hearing this before September 21st, there’s actually a companion course that you can get for free. So if you pre-order a copy of the book, you can go back to the ultimate marketing engine.com and you’ll see a big banner that says, get the companion course. And it’s six video lessons of me talking about some of the concepts as far, as well as some of the resources, the forms and tools that we actually use.

48:39
related to the topics in the book. I love that. That’s a tremendous value. And we did see you on video. That’s right. Cool. Well, John, hey, I really appreciate you coming on the show. It’s a great conversation. Well, it’s my pleasure. you know, congrats to you. You’ve been doing doing this for a while showing up and it’s and it turned out to be a great gig for you. Cool. Thank you.

49:06
Hope you enjoy that episode. Now it was an honor to have John on the show and if you’ve never read his book, Duck Tape Marketing, I highly recommend it. For more information about this episode, go to mywifecoderjob.com slash episode 387. And once again, I want to thank Postscript, which is my SMS marketing platform of choice for e-commerce. With a few clicks of a button, you can easily segment and send targeted text messages to your client base. SMS is the next big own marketing platform and you can sign up for free over at postscript.io slash du.

49:34
That’s P-O-S-T-S-E-R-I-P-T dot I-O slash Steve. I also want to thank Clavio, which is my email marketing platform, a choice for eCommerce merchants. You can easily put together automated flows like an abandoned card sequence, a post purchase flow, a win back campaign. Basically all these sequences that will make you money on autopilot. So head on over to mywifequitterjob.com slash KLAVIO. Once again, that’s mywifequitterjob.com slash KLAVIO. Now I talk about how I use these tools on my blog.

50:02
If you are interested in starting your own ecommerce store, head on over to mywifequitterjob.com and sign up for my free six day mini course. Just type in your email and I’ll send you the course right away. Thanks for listening.

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Ready To Get Serious About Starting An Online Business?


If you are really considering starting your own online business, then you have to check out my free mini course on How To Create A Niche Online Store In 5 Easy Steps.

In this 6 day mini course, I reveal the steps that my wife and I took to earn 100 thousand dollars in the span of just a year. Best of all, it's absolutely free!

386: What Sucked In 2021 What Went Well With Our Businesses With Steve Chou

386: What Sucked In 2021 What Went Well With Our Businesses

Today I’m doing a solo episode to wrap up 2021!

I talk about what went well in 2021 and what didn’t work well. I’m also discuss my family life, what’s been on my mind and what’s in store for 2022 for both Bumblebee Linens and My Wife Quit Her Job.

Enjoy the episode!

What You’ll Learn

  • A critical update that crippled our traffic and how we responded
  • How we recovered from the many mishaps of 2021
  • What’s in store for 2022 for both businesses

Other Resources And Books

Sponsors

Postscript.io – Postscript.io is the SMS marketing platform that I personally use for my ecommerce store. Postscript specializes in ecommerce and is by far the simplest and easiest text message marketing platform that I’ve used and it’s reasonably priced. Click here and try Postscript for FREE.
Postscript.io

Klaviyo.com – Klaviyo is the email marketing platform that I personally use for my ecommerce store. Created specifically for ecommerce, it is the best email marketing provider that I’ve used to date. Click here and try Klaviyo for FREE.
Klaviyo

EmergeCounsel.com – EmergeCounsel is the service I use for trademarks and to get advice on any issue related to intellectual property protection. Click here and get $100 OFF by mentioning the My Wife Quit Her Job podcast.
Emerge Counsel

Transcript

00:00
You’re listening to the My Wife Quit Her Job podcast, the place where I bring on successful bootstrap business owners and delve deeply into the strategies they use to grow their businesses. Today, I’m doing a solo episode to wrap up 2021. I’m going to talk about what went well in 2021 and what didn’t work well for our businesses. I’m also going to talk about my family life, what’s been on my mind, and what is in store for 2022 for both Bumblebee Linens and MyWifeQuitHerJob.com. But before I begin, I want to thank Postscript for sponsoring this episode.

00:26
Postscript is my SMS or text messaging provider that I use for e-commerce and my wife could have job actually, and it’s crushing it for me. I never thought that people would want marketing text messages, but it works. In fact, my tiny SMS list is performing on par with my email list, which is easily 10x bigger. Anyway, Postscript specializes in text message marketing for e-commerce and you can segment your audience just like email. It’s an inexpensive solution, converts like crazy, and you can try it for free over at postscript.io slash du.

00:53
That’s P-O-S-T-S-E-R-I-P-T.I-O slash Steve. I also want to thank Clavier, who is also a sponsor of the show. Now, are you working around the clock to build the business you always imagined? And do you want to communicate with your fast growing list of customers in a personalized way, but in a way that gives you time to work on the rest of your business? And do ever wonder how the companies you admire, the ones that redefine their categories do it? Companies like Living Proof and Chubby as well. They do it by building relationships with their customers from the very beginning, while also evolving in real time as their customers needs change.

01:23
These companies connect quickly with their customers, collect their info, and start creating personalized experiences and offers that inspire rapid purchase, often within minutes of uploading their customer data. Klaviyo empowers you to own the most important thing for any business, the relationship between you and your customers, and the experiences you deliver from the first email to the last promotion. To learn more about how Klaviyo can help you with your own growth, visit klaviyo.com slash mywife. That’s K-L-A-V-I-Y-O dot com slash mywife.

01:51
And then finally, I wanted to mention a podcast that I released with my partner, Tony. And unlike this podcast where I interview successful entrepreneurs in e-commerce, the Profitable Audience podcast covers all things related to content creation and building an audience. No topic is off the table and we tell it like how it is in a raw and entertaining way. So be sure to check out the Profitable Audience podcast on your favorite podcast app. Now on to the show.

02:19
Welcome to the My Wife, Quit or Job podcast. 2021 is over. So what I’m going to do today is I’m going to talk about what happened in 2021 with both of my businesses and my family life, both the good and the bad, and give you a sneak peek at what is in store for 2022 with mywifequitorjob.com as well as bumblebeelinens.com. So I want to start with my personal life.

02:44
Many of you who follow me know that my wife and I strongly considered moving out of California for a number of reasons in 2021. California is probably the worst place to start a business anywhere in the US, like literally anywhere in the US. Our rent for our warehouse, just as an example, is ridiculous compared to any other part of the United States. What I pay for a 2,500 square foot warehouse

03:13
literally cost the same as a 20,000 square foot office in North Carolina. I compared notes with a buddy of mine over there. The minimum wage is 17 bucks, which is 70 % higher than Vegas. And the tax rate here in California is ridiculous and is only going to get higher. Now actually don’t mind paying taxes if I believe that the money is actually going somewhere useful.

03:39
but I personally don’t think that it’s being allocated very well by the California government. Now, fortunately for us, we actually bought a house at an opportune time. So we’re pretty much set on housing, but real estate here is now $1,200 per square foot, which again is ridiculous. I don’t really know how any young person here can possibly buy a house. It’s just too expensive. Now I actually want my mom to move out to where we live.

04:08
but the cost of getting a house in our neighborhood is just super expensive compared to Maryland. Anyway, the list of candidates on where we were going to potentially move to were Vegas, Austin, and Maryland. Now, I actually personally really wanted to move to Austin because I think Austin has the best small business environment for, at least for what I do, out of anywhere in the US. Plus there are no taxes, but the problem is is that my wife and mom did not want to move there.

04:37
Now, Maryland, if we moved to Maryland, my mom wouldn’t have to move, and this is where I grew up. I spent 18 years of my life there, and I actually really enjoyed growing up there. Great thing about Maryland is that the schools are amazing. I would say the schools there are much better than California overall, and I still have lots of friends there because I grew up there. But the problem with Maryland is that the housing just…

05:01
doesn’t appreciate there. think my mom bought her house 10 years ago and it’s still the same price. It didn’t go up, it didn’t really go down. The summers are hot and muggy, if you’ve ever been to the East Coast, and it’s cold in the winter. Now my wife, who’s lived in California all of her life, would be in for a major shock if we moved out there. Now right now it’s funny, as I’m recording this episode, it’s actually been raining in California where I live for the past week. And it just made me think, I always seem to take for granted

05:31
how great the weather is here for 10 months out of the year. And what ends up happening is when it rains, I tend to exercise much less. And whenever I exercise much less, it makes me less happy and I’m less productive overall. So I think weather is actually an important factor in terms of where you want to live. Being stuck in the house for the past week has just reminded me of this. so weather is going to be a strong component of where I decide to live. Anyway, that leaves Vegas, right? Vegas.

06:01
is actually pretty ideal because number one, it’s close to LA, which is actually where my extended family lives and where my wife’s family lives as well. There are no taxes and you can get a lot for your money. Now the only problem with Vegas, and my wife did extensive research on this, is that the schools aren’t great except for a very small pocket or you basically have to go to private school. Anyway, ultimately the decision came down to the kids. They have a great friend network here. They have a really good routine.

06:31
We know all their friends and parents. So basically it’s all good. And we don’t want to cause any disruption. Now I’m trying to pretend I’m a kid here, but I can only imagine how hard it is to pick up, switch to a brand new high school, make new friends, and then just kind of adjust on the fly. Anyway, the upshot here is that we’re staying here for probably the next six years, most likely. And speaking of the kids, I just want to say that I believe that I’ve crossed the hump into

07:00
what I call peak parenthood. So what is peak parenthood for me? It’s basically when your kids are finally old enough to play sports with you. My son and daughter have been taking private volleyball lessons for the past year, and they are finally good enough to play doubles with me and actually have it be fun. And in fact, over Thanksgiving, we had an outdoor volleyball party and it was a lot of fun. I mean, we play on the same team, we play with each other and it was a blast. My son has been taking tennis lessons for the past year too.

07:30
and we can finally rally without me running all over the place chasing down balls, which is really exciting for me. Anyway, everything is generally pretty good on the parenting front. And meanwhile, my wife and I are great. And I think COVID overall, ironically, was incredible for our family because we spent even more time together. In 2020, my kids were taking classes at home and literally we’d spend the whole entire day together. All right, on to the businesses. Let’s start with Bumblebee Linens.

07:59
a number of bad things actually happened in 2021. So first off, we got hit by the Google update, which basically shaved off, I would say almost a third of our organic traffic. Now Google search is actually 25 to 30 % of our business. So we knew we had to do something. So the focus of 2021 was actually trying to get back our rankings. And I’m happy to report that not only did we recover our traffic, but we’re actually up 40 %

08:28
since the drop overall. Now I’m gonna probably write up a complete blog post about everything that we did, but I just want to give Jeff Oxford a quick shout out for the help and guidance in the SEO department. Now here’s a short list of what we did. And first off, I want to say that SEO is like a black box and you really never have any idea what exactly caused something to work or what caused something for you to drop in rankings. Basically, you just throw the kitchen sink at the problem.

08:57
and just hope that your rankings improve as a collective. All right, so with that intro, here’s what we did. So first, we did a complete site audit to make sure we were following best practices for our pages. So no website in general is stagnant, it’s constantly changing. And I’m probably at fault for this, but we’ve gotten a little bit careless over the years in terms of meta descriptions, redirects, broken links, and that sort of thing. So we just fixed all that stuff. And then we did an audit of our money pages

09:27
to prioritize our optimization efforts. After all, you probably have hundreds, if not thousands of web pages on your site, and you can’t possibly optimize every page. So you basically look at every landing page and figure out what dollar value each page brings in. You can easily figure this out in Google Analytics. You simply go to landing pages and then look at e-commerce revenue per visitor for that page. Then you use a tool like Ahrefs or Uber Suggest, whatever you want to use as an SEO tool.

09:57
You figure out which keywords you are ranking for to generate traffic to those pages and just basically see where you’re at in the rankings. And then you apply a weighting factor to decide which pages you want to prioritize the SEO optimization for. Now that sounds all complicated, so let’s break it down with an example here. So overall, the goal is to generate a score for every page on your site in terms of SEO opportunity. And this score is calculated

10:26
by the potential traffic that your target keywords can possibly obtain for the page, minus the amount of traffic you’re already getting for those keywords, multiplied by the revenue per visitor for that page. So basically, I’m just factoring the potential gains from ranking a keyword for a page to make sure that I’m putting the most effort on pages that will generate me the most money. So for example, I get a lot of traffic to a page, it’s actually a blog post, on creating a sync skirt.

10:55
and I could get a lot more traffic to that page by optimizing it further. But that page, since we don’t sell sync skirts, generates a very low dollar value per visitor, so I’m actually not going to spend that much time on it. Anyway, once I’ve identified these pages, I then use a tool called Surfer SEO to add content to every page. Now, what does this tool do? Basically, it analyzes the pages that are ranking on the front page and allows you to create a page

11:23
that encapsulates all the content that Google expects to have in order to rank for it. Now, I just want to say this upfront that for e-commerce, it can be difficult to write content for a category page without affecting conversions or the usability of the site. basically what I do is I keep the content below the products. And if you don’t know what I’m talking about, just go to any category page on bumblebillins.com right now and you’ll see what I mean. Now for these money pages, I also try to use internal linking to boost that page.

11:53
So basically I’m taking other pages that have strong page authority and I’m just linking to those money pages on my shop. Now recently I also revamped my top level nav to make sure that only money categories are displayed as well. After all, you don’t want to be linking or sending people to like an about us page, for example, when you can just send them straight to the products that make you money. So bottom line, onsite optimization is all about adding content and focusing all of your link juice from your entire site

12:22
towards your money pages with internal linking. Now some other more esoteric things that were done to the site were adjusting the robots.txt file to make sure that Google didn’t go down a rabbit hole when crawling the site. Here’s how Google works. Basically, Google allocates a set crawl budget for every website, so you have to make sure that Google can get to every money page on your site. And in terms of generating backlinks, we created a scholarship program to attract EDU links and specialized discount pages for certain professions.

12:50
But all all, Google traffic is up big time for our shop. Now this year end report would not be complete without talking about the shipping crisis. Now in August of this year, our supplier informed us that he wouldn’t be able to send us our holiday shipment until January. Now these are products that we typically sell a ton of over the holidays, so we actually had to act really quickly. Now normally, I actually ignore most solicitation emails from my inbox, but I just happen to be checking my email one day.

13:19
when I noticed one from Jing Sourcing, which is actually a sourcing company in China. Now I did a little bit of due diligence and I found that they seem legit. So I said, hey, what the heck? Let’s just give them a try. Worst case scenario, I could write a blog post about it. It would be free content regardless. So I hired Jing to find me a supplier for these products to be delivered within just two months. And that two months is actually a very short timeframe. Typically our orders have a lead time of four months.

13:47
I followed all the best practices that I teach in my class, which includes creating a very stringent quality control checklist, getting an inspection done, and addressing all the possible contingencies and pitfalls, etc. And the upshot is that we got our products in mid-October just in time for the holidays. However, we did have to airship everything, which ate into our profit margins, obviously. But we did have product, which was very important. Now, I’m actually going to be doing a full write-up on my experiences with Jing Sourcing and

14:15
Ultimately, they came through, but we did experience several minor hiccups, like nothing ever goes smooth when it comes to sourcing. And here’s just an example. I was careless and I focused all the specifications in my work on the product rather than the packaging, which actually caused a couple of misunderstandings. And in addition, the defect ratio from the factory was higher than we were expecting, but fortunately we negotiated a contingency plan in case there were defects for these products.

14:44
So it ended up being okay, we didn’t lose any money, but we didn’t get actually as much product as we initially expected. In fact, you know what? I’m probably just gonna do a separate podcast on my experiences with this altogether, because I know that you guys who are listening are probably interested in this. If you sell on Amazon or run any online business for that matter, the most important aspect of your long-term success will be your brand. And this is why I work with Steven Weigler and his team from Emerge Council to protect my brand over at Bumblebee Linens.

15:13
Now what’s unique about Emerge Council is that Steve focuses his legal practice on e-commerce and provides strategic and legal representation to entrepreneurs to protect their IP. So for example, if you’ve ever been ripped off or knocked off on Amazon, then Steve can help you fight back and protect yourself. Now, first and foremost, protecting your IP starts with a solid trademark and Emerge Council provides attorney-advised strategic trademark prosecution, both in the United States and abroad for a very low price. And furthermore, the students in my course have used Steve for copywriting their designs,

15:43
policing against counterfeits and knockoffs, agreements with co-founders and employees, website and social media policies, privacy policies, vendor agreements, brand registry, you name it. So if you need IP protection services, go to emergecouncil.com and get a free consult. And if you tell Steve that I sent you, you’ll get a $100 discount. That’s EMERGECOUNSCL.com. Now back to the show. Anyway, the year isn’t quite over yet at the time of this recording.

16:13
but we should end the year up year over year for Bumblebee Lens. Now, I get asked a lot of questions regarding the shipping crisis. And the good news is that the shipping crisis has affected everyone, not just you. I mean, we’ve raised our prices across the board in 2021. I personally think that mass inflation is coming. So do not be afraid to raise prices. Everyone’s doing it. And you’re going to be eating into your margins if you do not raise your prices. I’ve also been asked about the Apple iOS changes.

16:42
that have mainly affected Facebook ads. Now, only a minor percentage of Bumblebee Linden’s business is actually from Facebook ads, but I will say this, ad creative is everything, which is why I’ve focused a significant amount of effort in teaching how to create an effective ad in my Create a Profitable Online Store course. And starting in the new year, I’ve actually solicited several student volunteers, and what we’re gonna do is we’re gonna create ads together following these best practices, which should be a lot of fun. I can’t wait to do that.

17:10
All right, so that’s Bumblebee linens in a nutshell. For mywifequitterjob.com, I also got hit by Google and I ended up spending a lot of effort recovering my traffic. Now, my results for mywifequitterjob.com weren’t as effective as bumblebeelinens.com, but I did manage to recover a significant portion of my lost traffic. Now, the type of SEO work for mywifequitterjob.com is actually fundamentally different than bumblebee linens because I’m writing for a much more competitive niche. Not very many people write about linens and hankies, for example.

17:39
Now I’ll probably do a complete write-up of my SEO changes from mywifequitterjob.com also in a separate episode, but here’s what I did in a nutshell. So first off, I revamped all the navigation on the site. There’s actually over 500 posts on mywifequitterjob, possibly more actually, and they were all largely unorganized. So I painstakingly categorized each of these posts in a hierarchical fashion in such a way that only relevant posts linked to each other. So basically, I organized the content in such a way

18:09
to tell Google that I have topical authority in my space by focusing my internal link juice in specific content silos. I also actually changed up my writing style to be much more concise. Over the years, Google has focused on content that delivers the answer as quickly as possible. Now, you’ve probably seen this already when you do a quick Google search, you probably see rich snippets in the search results that basically summarize the answer to your question. So basically now, when I write,

18:39
I try to be concise and answer questions in a single sentence and then expand upon the answer below after that initial answer. And in fact, I’ve actually used this strategy extensively to recover a lot of my traffic. Now, the only downside to this way of writing is that it’s boring. Google actually does not reward storytelling or experiences. They just want the facts. So going forward with my writing, I definitely don’t want to write this way. So it’s basically a balancing act.

19:08
of giving the right answer and making your posts fun and entertaining to read, and most importantly, based on experience. So I also performed the same SEO analysis as with Bumblebee Linens, except using the metric of email subs as opposed to pure revenue. Now, overall, I’m very bullish that I’ll recover all my traffic and more in 2022. E-commerce and business content is just really competitive, but the main difference between my content, and I would say 90 % of what’s out there, is that I actually write about what I do

19:38
instead of farming out content to just random writers who know nothing about e-commerce. And I’m actually hoping that Google improves its technology to be able to spot the people who are just regurgitating whatever’s out there. So we’ll see about that. Meanwhile, both of my courses over at profitableonlinestore.com and profitableaudience.com continue to do great. Profitable Online Store is my e-commerce course where I teach others how to sell physical products online. And Profitable Audience is my course where I teach others how to build an audience

20:07
through blogging, podcasting, YouTube, to sell advertising, digital products, and courses. Now, overall, I would say the pandemic has been very good for both courses since more and more people don’t want to go back to work and would rather work from home on their own terms. Now, outside of my blog, my YouTube channel grew tremendously in 2021. In 2021, I gained about 45,000 subscribers, which brings my total to about 67,000 subs overall.

20:36
And my goal with the channel is actually to get the much coveted YouTube plaque when you hit 100K subs. And I’m on track to do this at the end of 2022. Now YouTube generates me between two and $3,000 per month just on AdSense alone, which is enough to pay my mortgage, but it’s brought a tremendous amount of sales for both of my courses. Now I know that I could make a lot more with my YouTube channel alone, but I’ve pretty much rejected almost every sponsored

21:05
pitch that’s far. Anyway, I launched my YouTube channel in the beginning of 2020 and I’m beyond happy with the results. 2021 was also the year of TikTok and I’m currently sitting at 54,000 subs. After years with the dance lessons and lip sync tutorials, I was finally ready to take the plunge. Just kidding, I don’t do any of stuff on my TikTok channel, but my TikTok strategy is a little different than most. Instead of trying to go viral by making funny videos,

21:32
I’ve decided to focus on teaching e-commerce content. Now, my goal is not to attract as many people as possible, but to attract the right people who want to learn from what I teach. So, so far, I’ve been repurposing both my blog and YouTube content on TikTok, and it’s worked pretty well. Right now, I actually think TikTok is the best way to build an audience because you can go viral pretty easily. In fact, creating a TikTok video literally takes me 10 minutes or less.

21:58
This content can then be posted on YouTube shorts and Instagram reels as well. Now, right now, TikTok is not making me any ad money. I think I’ve made maybe 30 bucks so far, but it has generated core sales. Now, finally, I wanted to talk about the profitable audience podcast. As you know, I’ve been working with my business partner, Tony, for many years now, and it made sense to launch a podcast about building an audience. Now, things started out slow as all podcasts do, but we are now generating thousands of downloads per month.

22:28
and we routinely crack the top 150 in the marketing section of iTunes. Now, if you enjoy my solo episodes, then you should definitely check out this podcast. Basically, I talk about what’s on my mind since we don’t interview any guests on that show. Look up the Profitable Audience Podcast on your favorite podcast app. So let’s jump to some of the highlights of the year. I got interviewed on a CNN special in the middle of the year, I would say, which is due to come out in 2022 about selling on Amazon.

22:57
And recently we were featured on CNBC’s hit show, Make It. And if you haven’t watched it yet, check it out now on YouTube. Just search for CNBC Make It and look for us. We actually filmed this episode for two straight days to produce just an eight minute video. And obviously a lot of details had to be cut. So I actually created a reaction video to fill in the details that were missed during that CNBC video. Now a popular YouTuber, Graham Stephan also did a reaction video, which I made a response video to as well.

23:27
Now this is the first time that I’ve created these types of response videos. So just let me know what you think. I feel like a millennial actually making them. So what’s in store for 2022? Well, for Bumblebee Lennons, we actually held off on hiring for both 2020 and 2021, mainly due to COVID. But we are finally ready to hire in 2022. So if you live in the Bay Area and you want to work for us, email me your resume. Every year when it comes to my businesses, I basically have one objective for every business. So in 2022,

23:57
we are actually going to start a TikTok channel for Bumblebee linens. Now I’m still trying to get my wife on board for this because it does heavily depend on her, but that’s the goal. And for mywifequitterjob.com, I actually have a super secret project that I’m working on, which I’ll probably reveal at the end of 2022, but I’m super excited about it. But overall, the goal for mywifequitterjob is to create more and more content and help my students become millionaires. That’s literally my primary objective with that site.

24:26
And then finally, I’m so looking forward to Seller Summit this year in May. After two straight years of postponement due to COVID, super looking forward to seeing all of you in person again. I mean, seriously, I have not gone to a single event since the beginning of 2020, and this has just got to stop. As of right now, we only have a few mastermind passes left, but join me in Fort Lauderdale in May. I really want to see you guys. But overall, for 2022, I’m going to be a lot more selective on the projects that I’m working on, and here’s why.

24:57
my daughter is entering high school, and I’m really not sure what to expect. Am I going to have to spend more time with my son and my daughter as they get older? Or will they want to have nothing to do with me? It remains to be seen. But I do know that they don’t drive, and the number of activities they have continues to grow exponentially. So for example, just sports for the both of them literally occupies almost every single day of the week. And I’m probably busier on weekends than I am on weekdays.

25:26
which is kind of ironic here. High school is also when grades truly matter for college. And this is all new territory for me, so I’m playing it conservative, leaving a large block of my schedule open for them and just see what happens. Who knows? Maybe they want to have nothing to do with me and I won’t have to spend as much time. But I will say that family is always my priority. And my second priority is keeping up with the latest in e-commerce and keeping my mind active. So here’s to a successful 2022.

25:54
Hope you enjoy that episode, and if you have any questions to start off the new year about ecommerce, feel free to send them my way. For more information about this episode, go to mywifecoupterjob.com slash episode 386. And once again, I want to thank Klaviyo, which is my email marketing platform of choice for ecommerce merchants. You can easily put together automated flows like an abandonment card sequence, a post purchase flow, a win back campaign, basically all these sequences that will make you money on autopilot. So head on over to mywifecoupterjob.com slash KLAVIO.

26:22
Once again, that’s mywifequitterjob.com slash KLAVIO. I also want to thank Postscript, which is my SMS marketing platform of choice for e-commerce. With a few clicks of a button, you can easily segment and send targeted text messages to your client base. SMS is the next big own marketing platform and you can sign up for free over at postscript.io slash div. That’s P-O-S-T-S-A-R-I-P-T dot I-O slash div. Now to talk about how I use these tools on my blog and if you are interested in starting your own e-commerce store, head on over to mywifequitterjob.com.

26:52
and sign up for my free 16 mini course. Just type in your email and I’ll send you the course right away. Thanks for listening.

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385: The Unusual Habits Of The Financially Free With CNBC Producer Allison Lau

385: The Unusual Habits Of The Financially Free With CNBC Producer Allison Lau

Allison Lau and I met when she invited me to be a guest on CNBC’s hit YouTube series Make It. CNBC Make It is an interview based show about earning money, saving money, and spending money wisely.

Allison is a producer of the show and she’s interviewed hundreds of successful people who have achieved financial freedom. In this episode, we discuss the habits and traits of her most accomplished guests.

Be sure to check out my CNBC interview here.

What You’ll Learn

  • How Allison got into the field of journalism and video production
  • The criteria for being selected as a guest on CNBC Make It.
  • The habits, traits, and personalities of her most successful interviewees.

Other Resources And Books

Sponsors

Postscript.io – Postscript.io is the SMS marketing platform that I personally use for my ecommerce store. Postscript specializes in ecommerce and is by far the simplest and easiest text message marketing platform that I’ve used and it’s reasonably priced. Click here and try Postscript for FREE.
Postscript.io

Klaviyo.com – Klaviyo is the email marketing platform that I personally use for my ecommerce store. Created specifically for ecommerce, it is the best email marketing provider that I’ve used to date. Click here and try Klaviyo for FREE.
Klaviyo

EmergeCounsel.com – EmergeCounsel is the service I use for trademarks and to get advice on any issue related to intellectual property protection. Click here and get $100 OFF by mentioning the My Wife Quit Her Job podcast.
Emerge Counsel

Transcript

00:00
You’re listening to the My Wife Quit Her Job podcast, the place where I bring on successful bootstrap business owners and dig deep into what strategies they use to grow their businesses. Now, as you may or may not know, I was recently featured on the hit series CNBC Make It, where I revealed how much money and profit I take in from my businesses, my family life, where I invest my money, and little things that I haven’t revealed anywhere else. Now, you can watch this episode by doing a search on YouTube for CNBC, and I’ll link it up in the show notes below. But why am I mentioning this to you today?

00:28
It’s because today I have a really special guest on the show, Alison Lau. Alison is the producer for the hit CNBC series, Make It and Millennial Money. And because she has interviewed so many different successful individuals across different demographics and backgrounds, I thought that it’d be super interesting to break down the habits of the people that she has interviewed. Specifically, their philosophy on money, what drives them to succeed their daily routines, mindset, and how they make their money. But before we begin, I want to thank Clavio for sponsoring this episode.

00:57
Always excited to talk about Klaviyo because they’re the email marketing platform that I personally use for e-commerce and it depends on them for over 30 % of my revenue. Now you’re probably wondering why Klaviyo and not another provider. Well Klaviyo is the only email platform out there that is specifically built for e-commerce stores and here’s why it’s so powerful. Klaviyo can track every single customer who is shopped in your store and exactly what they bought. So let’s say I want to send out an email to everyone who purchased a red handkerchief in the last week. Easy. Let’s say I want to set up a special autoresponder sequence to my customers depending on what they bought.

01:26
Piece of cake and there’s full revenue tracking on every email sent. Now Klaviyo is the most powerful email platform that I’ve ever used and you can try them for free over at klaviyo.com slash my wife. That’s K-L-A-V-I-Y-O dot com slash my wife. I also want to thank Postscript for sponsoring this episode. Now if you’re running an e-commerce business of any kind, you know how important it is to own your own customer contact list. And this is why I focus a significant amount of my efforts on SMS marketing. SMS or text message marketing is already

01:54
a top five revenue source for my ecommerce store, and I couldn’t have done it without Postscript, which is my text message provider. Now why did I choose Postscript? It’s because they specialize in ecommerce, and ecommerce is their primary focus. Not only is the tool easy to use, but you can quickly segment your audience based on your exact sales data and implement automated flows like an abandoned cart at the push of a button. Not only that, but it’s price-well too, and SMS is the perfect way to engage with your customers. So head on over to postscript.io slash Steve and try it for free.

02:23
That’s P-O-S-T-S-E-R-I-P-T dot I-O slash Steve. And then finally, I wanted to mention my other podcast, which I released with my partner, Tony. And unlike this podcast where I interview successful entrepreneurs in e-commerce, the Profitable Audience podcast covers all things related to content creation and building an audience. No topic is off the table and we tell it how it is in a raw and entertaining way. So be sure to check out the Profitable Audience podcast on your favorite podcast app. Now onto the show.

02:57
Welcome to the My Wife Could Her Job podcast. Today I’m excited to have Alison Lau on the show. Now, Alison and I met when she invited me to be a guest on CNBC’s hit YouTube series, Make It. And CNBC Make It is a show that helps you get smarter about how you can earn, save, and spend your money. They’ve interviewed hundreds of guests about earning money, saving money, and spending your money wisely. Now, my episode went out this week, and you can check it out in the show notes for this podcast. But Alison is a producer of the show.

03:26
And during her time with CNBC, she’s interviewed many people. And because she’s probably spoken to and encountered many more people than I have running this podcast, I thought that it’d be interesting to chat with her about some of the commonalities that she’s noticed about some of her most accomplished interviewees. And specifically, we’re going to talk about money philosophy, the drive to succeed, high performance habits, cultural background, routines, mindset, everything. And with that, welcome to show, Allison. How are you doing? Thanks, Steve. Great to be on.

03:55
So Alison, before we get started with the guts of the interview, I just have to ask, how did you get into journalism and video production? I mean, you’re Asian, so I took a look at your resume and I don’t see a single thing about studying engineering, medicine or law in there. How’s that possible? Yeah, that’s a great observation. And actually no one’s ever asked me that before. So my parents, you know, never forced me into STEM and I am seeing how rare and uncommon that is now. They…

04:24
were creatives themselves. So my dad started a photography business in the Bay Area, I think in the 1970s, and it really took off. So I was born into a family where my parents were photographers. And I have three older sisters and they all knew how to use a camera. And that was really the path that was carved out for me. And that was the path that my dad really wanted me to take.

04:53
So when I was seven years old, was shooting alongside with him and my mom, going to weddings every weekends. And I didn’t realize that that wasn’t a normal thing to do, I think, until I was a teenager and no one else was doing that. So I think my life has always been visually based. I didn’t really know what the options were until I went to college. And I really wanted to merge that with storytelling to have

05:23
a story behind the visuals. So that really led me into journalism. It was a medium that made sense for me. And I had a lot of different jobs before I got to where I am today as a video producer for CNBC. But what really kicked me into the video section was, you know, going to Columbia and getting my master’s degree in journalism, but it was more specific in video journalism.

05:52
So that’s when I really merged this passion of photography and visuals with storytelling. And it kind of created this really nice mix of having a subject, you know, that was visual and, you know, getting all this creative B-roll and then having an interview drive their story. And that’s really the format that I love most. Yeah, I mean, there’s definitely an art to it. And I feel like it’s something that you either have or you don’t. And you clearly have it.

06:21
What’s funny about all this is my dad was an electrical engineer. And so I became an electrical engineer. It’s funny how your parents can influence you towards your future careers. Yeah, so actually, my dad was an electrical engineer as well. fair child in the Bay Area. And that’s how he got started in the Bay Area. But I think he worked there for 20 years and he got laid off. So after a while, he decided to completely pivot into something that was more creative.

06:50
And photography was more of a passion for him, but I think because he was really invested in changing his career, similar to you and Jen have, he really made that investment, got a lot of gear, trained himself, and started a business out of it. So I think in terms of our, you know, the roots, it is very similar.

07:14
And I myself came from a marketing background. So after I graduated from journalism school, my undergrad career, I couldn’t get a job in journalism. The first thing that I could was in marketing. And so I was working in that for four years, but I think I could relate to Jen and that it wasn’t really the right fit for me. I was trying to find something else, but for me, you know, I invested a lot of money in my education to become a journalist. And that’s what, you know,

07:41
gave me my blue sky, I guess. I actually love this. I mean, it’s never too late to start over. Like I was an engineer for 17 years and I don’t really do much of it at all anymore. I imagine it was the same for your dad, right? Yeah, he doesn’t. I mean, I found out he could use a solder when I was a teenager for a science experiment or a science project. And that was really cool to me. And, you know, he also helped me with like a circuit board.

08:09
also for a science class and I was like, whoa, where is all this coming from? So that’s when I really saw it come into play. But other than that, you know, definitely doesn’t really use much of it anymore other than buying me a pack of light bulbs occasionally. So Alison, I run a course that teaches people how to build an audience by putting themselves out there, whether it be blogging, YouTube, social media, TikTok, whatever. So I’m actually very curious, how did you find me?

08:37
And what are actually some of your criteria for the guests that you select for the show? Yeah, that’s also a great question. So when it comes to finding a story, there is no medium above or below me that I will not go to find my next story. So my last few stories have all been sourced from YouTube, whether it was reading a comment.

09:03
that someone had left on one of my videos or a different video and I reached out to them and it just so happened they had a really robust social media platform or they, I think, what else? So another one was just that they had YouTube videos themselves. So I think I found you through your social media and YouTube presence already. And I was specifically looking for people who

09:31
had found a way to retire early or achieve financial independence. And even though you and Jen, you know, have done that, you choose to work still. So I realized that there was a different angle and maybe one that was more relevant that involved side hustles that could lead to financial independence. So that’s how I found you. And that’s why I was interested in featuring your stories. That’s cool. You just mentioned

09:56
you have no qualms about looking above and below. So I’m just curious what the below sounds like. Yeah. So I’d say low hanging fruit is by working with a PR agency because they’re usually pitching you and sometimes it’s irrelevant. Sometimes it’s not, but if you do work with them, there’s usually an angle that they have in mind. They’re really promoting their business or something that they already have. If you know, you’re looking yourself,

10:24
you have a little bit more creative freedom as to what that angle is, and it’s not really being forced upon you. And so, you know, initially I was looking for someone who fit the fire bill, but because you and Jen aren’t retired, it was kind of easier to approach it from a different angle and to be flexible with that, as opposed to if you had a rep, they’d be like, hey, we really want you to mention Bumblebee Linens in a certain way and to, you know, film all of their different inventory, right? So…

10:54
you know, it would be a lot more forced and I think heavy handed. Okay. I mean, I guess the point I’m trying to make is just put yourself out there and just good things will happen, right? It was complete luck, but you can’t, this wouldn’t have happened if I didn’t have a YouTube presence in this case, right? Yeah, absolutely. And I think, you know, always ask. I think a lot of people get shy about, you know, getting a response back or not.

11:19
But I’ve always seen that if you are just polite and explain exactly what you need and what something will entail, people will get back to you even if it is no. Cool. Well, that’s great advice. So Alison, what I love about your guests that you’ve had on is that they’re just regular people. mean, everyone that you’ve had is approachable, relatable. And I always leave every episode thinking to myself, hey, I can do that too. I can try that. So what I want to do first,

11:47
is I wanna focus on the people who you’ve interviewed that have retired early. I wanna start, we talked about retirement already. Everyone seems to have their own definition of retirement. So what does it mean to be retired? Yeah, that’s a great question. So I’d say that the way in which I’ve depicted retirement is that people leave a job that they felt…

12:12
bound to in a negative context. So it was a standard nine to five job and they felt like they weren’t passionate about it, but they had to stay there because of money and that they didn’t really have any other option. So it was, let’s say mostly a corporate job type of situation and they were feeling very, very constricted in what they could do. They were told when they could take time off.

12:42
and they had to work specific hours each week. Right. So the people that you’ve had on are there they’re retired in that definition, but are they still doing work in general? So they are retired from those full time corporate jobs. However, I’d say it’s half and half. So some of them are completely retired and hanging out on the beach most of the time, or you know, just got a new puppy or something. And then some of them have started their own

13:10
let’s say consulting businesses, where they are helping other people achieve financial independence and retiring early, just like them. So I’m just kind of curious for myself for the people who aren’t, they don’t really have side gigs. I always wonder like, because for my personality, I can’t do that. Like when I go to the beach, I can lie on the beach at most one day. So I’m just kind of curious for those people that have enough money and are just

13:39
I guess living a life of leisure. Do you sense that anything’s missing from their lives? Not at all. They’re still really busy, actually. So there are some people coming up that I will be featuring and one of them never got her college education. So her college degree and she is going back to school now and taking some courses and hoping to get her degree or it’ll be a master’s degree or a PhD.

14:06
So I think that, you know, utilizing that time for education and doing things that you never could have initially is great. I also have met people who are buying their first house or doing a lot of traveling. And for them, the adventure is in the travel and the learning and they’re experiencing different countries for the first time. And they’re really seeing…

14:31
with fresh eyes, you know, how exciting it is to live their lives in a different context. So I think they’re still learning in a different way. It’s not as structured, but because money isn’t as big of an issue, it’s really exciting for them to explore these different countries, you know, in a very recharged mental space and for them to really just live their best life. You know, what I’ve noticed is that

15:00
Everyone that you featured seems to be very driven. So I kind of want to just want to switch gears and talk about some of the common traits that people use selective have. And I’d like to start with money philosophy. How would you describe for the people who have retired, what is their relationship with money and how it has it evolved, you know, since when they were working? Yeah. So I will preface that I generally try to find people who did not come from money.

15:29
So people who grew up either from immigrant families where they were always, you know, being taught how to save or to save. I’ve even featured some people who were, you know, one of seven siblings or something and grew up on a dirt road and, you know, had to rely on a single father’s paycheck to eat that week. So I featured people from all ranges of poor or poverty.

15:57
And I’m really curious to hear always how they got themselves out of that situation, given that they didn’t really have much mentorship. And I think it’s so fascinating to hear, you know, it goes beyond just living frugally, which everyone says to do. So don’t live above your means and, you know, save every dollar you can. But, you know, of course, people have made mistakes. So there were a couple of people I spoke to where they bought

16:24
the house that was too much money, paid the mortgage that drained their savings, you know, and then they immediately, the first moment they could, after learning about fire or savings, they downgraded. So they gave up that expensive apartment or expensive house, and they bought something much more modest because they realized they didn’t need that much and that it was more important to them to have.

16:51
a secure financial future than it was to have that big house or luxury car at the time. So was it based on experience that most of your guests learned about money? I mean, what did they learn their money skills like investing, saving? I know a lot of guests have gotten into real estate. Where did they pick up those skills? Yeah, so I don’t think any of them said I learned this from school. I think it was really the College of Hard Knocks, as people say, right, where they made a lot of mistakes.

17:20
and they really tried to fix them. So as I mentioned, some lessons that they learned from purchasing above their means, but then there was also people who got themselves into massive debt. So credit card debt, student loans, things like that, where they were like, oh, great, the government will give me money for education. I’ll just do that. And so based on that, they realized

17:46
how crippling that debt was and how little financial freedom it would give them. So then they were forced to live within, you know, like, within their means, because they had to pay off those debt payments as well. Interesting. Yeah, I mean, this is something that I’ve been trying to teach my kids. There was this one story where we were out shopping, and I didn’t have any cash, but this place that we were at only took cash.

18:13
And I’m sorry, I told my kids, I’m sorry, I don’t have any money to buy this. And they were like, oh, just go to the bank and get some more. And I remember when I heard that, I was like, okay, you guys are getting a lesson in money because I can’t just go to the bank every time and get money. Right. I’m especially interested, actually. It seems like there’s a lot of people who got into real estate. And the thing with real estate with your guests is that it requires a lot of upfront money. So where did those people decide to just buy real estate from? Where did they get that from?

18:43
Yeah, so that also ran the gamut. And I can say that the few people that I featured who bought houses really bought the first thing that they could get their hands on. And then they did DIY renovations. DIY renovations obviously cost a lot less. It’s something that you can learn yourself as long as you have the time and patience to. And really they didn’t buy like a really

19:09
big fancy house in like a city center. They just bought any property they could get their hands on at the time. And they saw it as an investment that they were going to flip the house for to, you know, modernize and upgrade it. And then they, sold it themselves. And it seems like a good number of people also started making money through other means, whether it be through social media or consulting. How did they get into that?

19:37
Yeah, I think very similarly to how you got into my wife quit her job.com. They started getting a lot of questions as to how they did that, how they retired early, and they had people reach out to them constantly. And initially, it was, you know, a few phone calls, consults, things like that. But then it was constant, it was consistent, because they were, you know, kind of keeping a blog or diary for their families to follow up on.

20:05
or a newsletter, and then it just grew in popularity. And a lot of them were like, hey, I can turn this into a business. And that’s really how it happened. If you sell on Amazon or run any online business for that matter, the most important aspect of your long-term success will be your brand. And this is why I work with Steven Weigler and his team from Emerge Council to protect my brand over at Bumblebee Linens. Now, what’s unique about Emerge Council is that Steve focuses his legal practice on e-commerce

20:35
and provide strategic and legal representation to entrepreneurs to protect their IP. So for example, if you’ve ever been ripped off or knocked off on Amazon, then Steve can help you fight back and protect yourself. Now, first and foremost, protecting your IP starts with a solid trademark and Emerge Counsel provides attorney-advised strategic trademark prosecution, both in the United States and abroad for a very low price. And furthermore, the students in my course have used Steve for copyrighting their designs, policing against counterfeits and knockoffs, agreements with co-founders and employees,

21:04
website and social media policies, privacy policies, vendor agreements, brand registry, you name it. So if you need IP protection services, go to EmergeCouncil.com and get a free consult. And if you tell Steve that I sent you, you’ll get a $100 discount. That’s E-M-E-R-G-E-C-O-U-N-S-E-L.com. Now back to the show. A common question I always get asked is, can I put myself out there without actually being on camera? So have any of your interviewees?

21:33
manage to build an audience without being public facing, so to speak? Not that I have seen so far. Yeah. And because of the nature of my work, it wouldn’t work for them to not be on camera. That’s true. That’s true. Obviously. Yeah. One thing that I’ve noticed, so I run two different training classes and sometimes I’ll hop on a call initially with whoever signs up. And oftentimes I can tell within like maybe the first 10 or 15 minutes.

22:00
whether they’re going to succeed or not. So I’m just kind of curious, what do you see in your interviewees? They’re all very successful. What character traits drove them to succeed? Like, could you tell when you talked to them at first? You know, because you mentioned that everyone does really seem like a normal average person. There wasn’t, I don’t know, it wasn’t like there was like that spark or fire or anything. It felt like I was just catching up with a friend and having a conversation or getting to know someone. So

22:29
I think like in terms of like enthusiasm or charisma, there really wasn’t too much there other than that some people are just more media trained and less camera shy. So, you know, there are people who have told their story a million times to camera and I think they have their narrative down pretty solidly. They also have a media persona.

22:51
So I’ve spoken to people who have that and by nature, I think they’re easier to work with because they don’t get nervous on the interviews when the cameras turn on. But then I’ve talked to people who really were not and had never done anything like this. And they were totally fine on the phone, but then when the cameras turned on, they froze and they had to keep referring to notes that they had taken themselves about their story. That’s hilarious. They had just blacked out basically.

23:19
And we have to be very patient through that. So in terms of like a personality style, I really don’t think there is one that’s consistent. Everyone’s very different. I’m actually asking this for selfish reasons, because I’m trying to inspire my kids to gather some of these habits. Like, what are some of these high performance habits that you noticed about some of these people that you interviewed? I mean, clearly there’s something special about them, right? Everyone.

23:45
Yeah, so I will say that, you know, with regards to teaching kids early, public speaking and learning how to do that can only help. So I’d say that, you know, if you’re trying to teach them how to talk on camera, go for it. Nothing bad can come of it. I think that they would definitely benefit from it, you know, at some point down the line or even just have confidence like presenting something in front of class.

24:12
And it’s something that I wish I had done more of when I was younger because now it’s like, I feel like I could still learn, but you know, when the cameras turn to me, I get very nervous now. And I recognize that there are skills that I lack in that area that would limit my career in a certain way. And with respect to being like an on-camera reporter, right? Really? Because you’re very eloquent. Here’s what I want to just point out a couple of things you just said. So public speaking,

24:41
I’m of the belief that it actually doesn’t really matter which medium you choose, but you have to be able to communicate your ideas. You have to learn, whether that be public speaking, it could be through writing, it could be through video or audio. I mean, that’s just a very important skill that I really wish they taught more in school. I know my daughter was just actually in a play and she’s done some public speaking for this entrepreneurship program that my wife runs for her school. And it’s just been very valuable just for her confidence, really, if anything.

25:11
But you did mention that a lot of people aren’t trained in that. are any of the people that you’ve interviewed who have been successful not great communicators? Yes, absolutely. But with the magic of editing, we find the best versions of what they said. And we include that. Okay. Yeah. So you would never be able to tell, you know, I think some people are just by nature more

25:35
loud, charismatic, flamboyant on camera. And some people are a little more, you know, sit back and reserved, but we really do our best to try to make everyone feel equal in that way. We don’t include like the parts where they stumble or they’re stuttering because there’s really no value of that when it comes to editorial content, right? We want to tell their success story, not to depict them, you know, even if it is like more honest in that they were

26:05
very nervous and sweating, you know, constantly needing breaks or to even have people reciting lines with them. So I don’t think there’s much value in that. But I guess like habits of successful people, what I saw that they all had in common was that they all had situations they wanted to leave and a idea visualization of their own future that they really wanted. So

26:32
You know, I can give an example of a recent story I did where he, a 23 year old moved from Texas to Mexico and he was very, very broke at the time. So he was living paycheck to paycheck at his parents place, you know, worked two jobs as a real estate assistant and fast food chain. And he just was really unhappy and wanting to have financial independence, you know, at 23 making minimum.

27:01
wage that’s really difficult. And then also having the pandemic deter his plans a little bit. So he felt like the only way that he could do that was to move to Mexico, where his family, part of his family resided. And so he decided that he was going to build his American dream abroad. And as soon as he moved there, you know, his rent was $300 a month for a studio.

27:25
He felt like he could go out and hang out with friends and not really have to worry about money. He also bought a car. So, you know, this guy wasn’t, you know, by any means, like well off, made $12 an hour and he utilized time, the pandemic to, he, he studied to be a web developer. So he wasn’t working minimum wage jobs anymore. He wanted to advance his career in tech.

27:51
And so he had some time to reset while he was unemployed and that’s how he did it. And it was really great to hear that he had been through so many struggles, but then also utilize time to really build a life that he wanted for himself, even if it was very modest. Yeah. I’ve noticed actually about the stories that you’ve, that you’ve produced, everyone always has some very deep drive to change their situations.

28:20
I’m actually kind of curious, have there been people where they just kind of stumbled into it? Like they didn’t have like an innate drive, but they just kind of by circumstance? I would say that everyone kind of stumbled into their careers. So if they were, you know, working these jobs that they weren’t too happy at, it wasn’t really something that they had actively chosen. It was more like a family path that led them to it or something that they didn’t really actively decide on themselves or hadn’t

28:49
thought through completely themselves. And really the drive for what was next, I think was being suppressed all those years in a job that didn’t make them truly happy. Yeah, I mean, I’m, I’m sure we’ve all been there. Like I have tons of friends who are actually lawyers now that they kind of regret their decisions. They just kind of do things because that’s what everyone else is doing or what their parents want them to do. Yeah, absolutely. And I featured a lawyer that was just like that. Oh, is that right?

29:18
All right, so you know, it’s one thing to actually want to change your life, but it’s another thing to actually execute upon that. So I want to talk about routines, like, what are these people doing to make sure that they make forward progress? Yeah, so I’d say, again, the biggest one is not living above their means. Okay, second one is, you know, I met a woman who was a single mother, and her strategy was that she maxed out her 401k.

29:47
And she also had another account because she was an educator. So she basically had two accounts that were similar to 401ks. And I’m, the name is escaping me right now as to what kind of account it is, but she contributed the maximum and I asked her, Oh, how, how much is that? Like when she was like, Oh, I don’t know. It was just the maximum. was the maximum that I could put in every time I had a paycheck. And so, uh, it gave her a really nice buffer for when she retired officially, you know,

30:17
So she basically realized that she could live very, very minimalistically and just kind of wait until, you know, to access her money and that it would have grown, you know, by a lot by the time she retires. I mean, that takes a lot of forward thinking. Absolutely. How did she know about how did she know to do that? Because I think her company had a really great match program. I think it was above eight percent, maybe even 10 percent.

30:47
And so she did the math and just realized that, you know, how much her money could grow if she had saved it like for later as opposed to spending it now. So I think that really incentivized her. also noticed a pattern in at least the episodes that I watched. A lot of people seem to retire outside of the U.S. And I know for myself, I’m thinking about getting out of California just because the taxes here are ridiculous. Is that a common trait among the people that you’ve interviewed in general?

31:14
Yeah, absolutely. So expats or, you know, people who just want to try living somewhere else, if temporarily or not permanent, that is definitely something that I’ve seen among my subjects, because the cost of living abroad is generally much lower than in the United States. So I have a couple that I’ll be featuring in the new year where they do a little travel diary on YouTube as to how much

31:42
I think $2,000 or $10,000 will get them in terms of housing, healthcare, the value of the city itself, food, things like that. So they take a certain number and then they compare it. So they’ve hit Mexico and they’ve hit Portugal so far. And it’s really interesting to follow their adventure and see how much money, or how much they can get from that money. I’m actually very curious about that episode.

32:12
Can you just give me an idea of how much cheaper it is to retire in Portugal compared to California since you’re from here? Yeah, so I haven’t looked at the numbers specifically, but I can say that people have told me, you know, I asked them why Portugal because that’s where they were at the time that I called them. And they said that so one of the best things about Portugal, in addition to the health care, is that when you buy a house, they said that they only have a 1 % interest rate.

32:41
to borrow. Yeah, but they have to put down I think 40%. So they have to pay 40 % of the house. But then if they borrow the rest, it’s a 1 % interest fee. So it really incentivizes people to purchase property. I see. I mean, even outside of real estate, I know in California, I just actually filled up my gas tank for $5.49 a gallon. It’s got to be cheaper elsewhere. Yeah, I’m sure. Or there are places where you don’t need any car at all, right? That’s true.

33:11
Yeah, like New York, for example. Right. I’m curious about these routines, like a lot of these people, they want to do things, but then they have families, they still working their jobs at the time. How did they make time for whatever they were doing for their side hustles? Yeah, so I will say that several people I featured their kids were the biggest motivators for them to quit their jobs and retire early.

33:36
they really, really wanted a way to spend more time with them so that they didn’t feel like they were missing out on the most important moments of their kids’ lives. So, and I think that’s very similar to you and Jen, where you work 20 to 30 hours a week and then spend the rest of the time with the kids and being very present in everything they do. A lot of that sentiment was there with my sources as well, where they had a child maybe very early on.

34:04
and the kid really just scared them into living responsibly. Whereas before they maybe would not have cared as much or prioritized it, or would have just gotten the luxury car, house, vacation, whatever it was, you know. Yeah, well, I can totally relate to that. I’m actually curious, were there any sacrifices that people had to make, whether it be family, friends, health to get out of their situation? Yeah, so

34:34
Let me go through each one individually. I think the couple that I had mentioned that I will be featuring said that when they were working all the time around the clock, they definitely were having health issues, back pain, know, chronic aches, conditions that they didn’t even realize were a thing anymore. And then when they moved abroad and actually got affordable healthcare where they could go to the doctors for like

35:02
let’s say $30 a visit without even health insurance, you know, they started losing weight. They started feeling better. They were very light on their feet and just, you know, more active because they realized how sick and ill they felt, you know, being in the States and like, you know, working around the clock and that it had just been kind of baked into life and they didn’t really even feel, feel it anymore, you know,

35:28
So once they were removed from that context, they really felt so much lighter. So I’d say that getting to that point where they could retire early, health was the main sacrifice there.

35:42
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36:09
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36:36
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37:02
You know, I can speak to that actually. I’ve noticed it’s not necessarily about physical health, but when you’re constantly under a lot of stress, it actually takes its toll on you in a lot of different ways. Like you tend to binge eat more, or like if something’s always on your mind, like you can’t sleep well. And so that’s why I make a conscious effort today to always keep my schedule open. And if anything is gonna cause a ton of stress, I tend not to do it. But that’s just my attitude now after learning about that.

37:31
I want to shift gears a little bit and just talk about side hustles. Like how did most people make their money? Yeah, so I did hear some Etsy stories here and there. Someone sold blood plasma to pay off loan. I don’t recommend that. Well, that can’t be sustainable, right? Yeah, exactly. Okay. So there were some, you know, like big sacrifices.

37:54
I also have a series called I did it for the money where people donate their eggs for, you know, upwards of $10,000 and someone joined the military to subsidize their six figure tuition to become a dentist. So I’ve seen very extreme sacrifices where, you know, you’re selling a part of your body, or like, you know, your, your time. So those are, I’d say on the more extreme side, but.

38:22
The question was sacrifices, right? Well, this I kind of wanted to switch gears away from sacrifices, but just how do people make the side hustles that allowed them to retire? Oh, right, right. So yeah, side hustles. I featured a Portugal couple, maybe the one that you saw with Amon and Christina. they did everything. So they were saying they went dumpster diving for apple crates to make furniture.

38:47
They also, you know, they bought and flipped a lot of houses in the Bay area all over California. And these were, you know, like kind of let’s call them nothing special houses, right? Where they would buy a property and then flip it after renovating it like crazy. So they did a lot of DIY renovations. They also were very successful in running a YouTube channel. They’re very popular on social media and very well known for their efforts in the fire community.

39:15
They also run, I think, a class as well as to how to retire early. So I’d say that in terms of side hustles, like they really were like, we grew up from nothing. We had no money. I was homeless at a point. So nothing was beneath me in terms of making just a little extra cash. They even drove for Uber at a point. So they really did whatever they could to get to their fire number, which was, I think, around $2 million. I remember they had no background in

39:44
house flipping when they got started, right? Yeah, yeah. So a lot of this was everything was DIY, and they were both government workers making less than 100k. So I was very, very impressed by them. Here’s the thing, like, I feel like you can’t have anything feel beneath you. Like, I’ll clean like I actually went to the office not too long ago just to plunge the toilet. I mean, these are things that you just got to do. Like I get my hands dirty with everything. I think that’s the attitude you have to have in order to be successful.

40:14
I’ve noticed that with a lot of the people you’ve interviewed actually. Yeah, I think that, you know, when you come from nothing, grow up poor, you are willing to do anything to make money and to get out of that situation. So I’ve met a lot of people who are very humble about, you know, where they’re where they came from. There was a guy that I was going to feature, but, you know, timing didn’t really work out for him. So he, you know, was a

40:41
one of those like opioid babies where he was born to drug addicts. And then he grew up pretty much in and out of foster care and was finally adopted as a teenager. And then, you know, he, he was like, Oh, I’m like making, making a life for myself, finally have the opportunity, but his parents weren’t well off either. And so he was overspending when he first got his job and living well above his means. And then he realized that he was never going to pay off.

41:09
his $75,000 worth of student loans that way. So he instantly, you know, like, did the calculations downgraded his apartment and was saying that he was living in a think $800 a month one bedroom and there were rats and roaches and stuff, but it kind of gave him the freedom later on to be more independent. So just to give you an idea of mentality and mindset and breaking free from loans, that’s what some people

41:38
you know, we’re willing to do. Student loans are evil. That’s a topic for a different episode. So outside of real estate, what are some of the other ways that people made money in a sustainable way, like not selling eggs or sperm and that sort of thing? Yeah, so outside of real estate and extreme measures, I think, you know, we’ve had a lot of people pursue side hustles as a full time passion.

42:05
Other colleagues of mine have featured people who planned luxury picnics or bachelor parties, you know, people who did wedding planning services. It was really about finding their strength and figuring out how to make that monetizable. And they also had great media and social marketing or social media marketing skills that really helped them. And then also networking, you know, trying to spread the word and

42:32
going to events wherever they could broadcast. We’ve had all kinds of kind of oddball, you know, side hustles from like sheep herding to like, you know, chicken coops and things like that. But I think, you know, more sustainable ways were, you know, people just selling inventory like yourselves, where they found a product that was lucrative and then, you know, found a way to sell it either on eBay or build a platform themselves to sell it.

43:02
And I was also talking to someone who was a multimillionaire at the age of, think, 23 or 24. Yeah. And he basically was really into drop shipping. So he found a way to, you know, also same background, like didn’t grow up with money. He found products that people would be interested in mass ordered them from abroad and then would sell them on eBay or

43:28
built a website to sell them on and really just networked like crazy to build a following so that every time he posted an item, he could instantly see how it would do. So I think he said that he had a lot of success with women’s products and apparel, but not as much with pet items or, you know, little tchotchkes and toys. And it was all really just trial and error. And eventually he found a way to find local.

43:56
suppliers so that he wasn’t waiting on shipments from overseas. Let me just dissect a bunch of the things you just said. So it’s funny, I teach a class and a lot of people come to me and they want to make some extra money. But they’re not willing to actually, they just want to sit behind their computer basically. And just see if the money comes in. just based on what you just said, a lot of it is just doing legwork, like actually doing something you’re good at.

44:22
even if it’s not scalable. Like some of the things you mentioned were not scalable. Like you have to spend all of your time doing those things. But in doing those things, you actually pick up a lot of skills and maybe later on you can decide whether you want to grow that business or not. And not hide behind a computer. You also mentioned networking. I know for my businesses, things didn’t start taking off until I met other people doing the same things and establishing friends that you could help each other with with each other’s businesses, forming mastermind groups and that sort of thing.

44:50
So it sounds like there’s a lot of commonality there with the people that you’ve interviewed who have had successful side hustles. Yeah, I’d say that you can’t build a successful business without doing either because your own personal network will only take you so far, right? So you absolutely have to find people who are very similar in their goals and mindsets and really find a way to connect with them for sure. So, Alison, I want to ask you, what is your side hustle?

45:20
I have some odd ones for sure. you know, lately I have been thinking about, you know, teaching journalism skills here and there. Right now it’s something I do for volunteering only because I really want to give back to the community. But I think there is a way to potentially make that monetizable in the future where I teach people harder skills like editing and camera work. I’d say that’s like a goal at some point.

45:50
or just how to edit faster. So essentially like a math tutor, but for journalism and video editing maybe. So I’ve had that brewing for a little while, but in the meantime, it’s really just been teaching classes alongside professors or volunteering for nonprofit groups that are really trying to help marginalized communities that don’t have the same access as other people do.

46:17
or maybe don’t have as much money to spend on equipment. So I’ve been volunteering since I’ve graduated to help those demographics. And at some point I would love to branch out and make it into a side hustle, but it’s really not like a huge priority on my list right now. I also, when I graduated Columbia, I had massive, massive amount of debt that I’m still.

46:42
working to pay off now because the program was six figures for it was very expensive. And I was working on stories about social anxiety. So I would go to these social anxiety support groups where people felt that they had a safe space to talk to other people. And I was, you know, writing and learning about them, talking to them myself. And there was also an online platform for people to

47:12
rent people as friends, essentially. so, yeah, this was like a, you know, it was a really cool concept where people could just kind of select someone profile, reach out to them and ask to meet for coffee. And it would make up to $50 an hour. So at first I was writing about this all for a class paper. And then because I made a profile to explore, I was getting a lot of hits myself.

47:41
So at some point I actually met up with some of these people and started making money from it and it was about $50 an hour. it was really interesting to learn about the human psychology of loneliness because a lot of people just don’t have accessibility to share their emotions on a day to day basis and need to pay people to do that.

48:07
I kind of considered myself a cheap therapist, but I wasn’t really giving advice. I was more just listening to them and giving them a space to talk about what had happened. Yeah, it was really, really fascinating, but I really did that to pay off loans faster. And I think within a year I made like a couple thousand dollars if I was really just passively trying to kill some time, you know? So yeah, it was a great way to make some side money, some grocery money or, you know, just

48:36
put more towards my loans. Well, if you ever do launch that course on camera work and video editing, I’m there. That’s a skill that I’ve always wanted to learn. Oh, awesome. You know, what’s also funny is I have a lot of friends with successful entrepreneurs that actually just aren’t happy or they’re lonely. So I mean, it’s actually a huge problem because there’s a lot of sacrifice. Whenever you’re good at something, something’s got to give. so Allison, I wanted to ask you if actually if someone

49:04
wants to be or has the potential to be featured in CNBC. Do you have like a contact that you give out for people to like pitch or? Yeah, absolutely. So we do have a form submission in every single one of our millennial money videos. There is a link and it allows people to submit their information and apply to be casted.

49:28
We don’t guarantee, of course, that they are, but it’s definitely a way for them to be considered. And we are always looking, of course, people can shoot us a message. And the only things that we really require that they’re open to sharing their salary and money transparency, of course. So we generally talk about, you know, this person makes X amount in the city or area that they live in.

49:57
And they just have to be open to sharing like a tax return with us, which doesn’t get published, but we just have to verify documents. And we have to talk about how much they spend, what they spend on and you know, what, how much they make and what that gets them in life essentially. But we’re totally open to all backgrounds. And I think the one thing I will also say is that because of journalistic practices, we don’t feature people who

50:24
have like a political slant in either direction. So if they are working in politics or something, we’d have to be careful around that. Sure. Yeah. But really, we are completely open to anyone. And we love just everyday people with a message. What’s funny about this is prior to us meeting, an occasional CNBC episode would flash in my YouTube feed. But

50:51
I’m actually a regular watcher now. I think I’ve watched maybe 75 % of them and there’s a lot at this point. They are so interesting. There are just so many diverse backgrounds. Everyone is totally different and it’s really fascinating how these people made it, know, retired early or make extra money or live way below their means. It’s actually a great way to get ideas on how you can change your own life as well. Yeah, definitely. I think that there’s something to learn from each episode either

51:21
you know, someone making like six figures or seven figures or someone making less than $20,000. Like there’s always something to learn from how they live for sure. Yeah, so I encourage everyone to go check out my episode, check out the channel and watch them all. It’s crazy. There’s some people who are living in like $20,000 in New York, I didn’t think that was possible. And then you watch a story and you’re like, Oh, okay. I mean, their lifestyle actually isn’t that bad. So

51:47
And that reminds me that I featured a young woman who was in her early 20s and she was working as a production assistant and she had a side hustle making candles because she just really loved candles. And then she posted a couple on TikTok and it really just blew up. she’s pretty much making, I think she’s making like maybe 30,000 at some point, like projected revenue soon.

52:15
just really interesting to see how she essentially doubled her income pretty quickly. So here are my key takeaways from talking today. So one, live beneath your means. Two, put yourself out there in some form if you want to get discovered. It sounds like TikTok was a big hit with this candle maker person you just mentioned. And the third key takeaway is to get out there and network because you have to expand beyond who you know already in order to be successful. And at least that was the case for myself.

52:44
Anything else that you’d like to add to that? Yeah, I will also say that a lot of people mentioned just having multiple streams of income, you know, regardless of what that looks like. So I guess that goes along with having a side hustle. And then also, maybe consider life abroad at some point, you know, I know I am for sure now. So, you know, see how far the US dollar can take you outside of your city, your country, and just be open minded. Cool. Well, hey, Allison, if anyone

53:14
wants to get ahold of you, what’s the best way to do that? Yeah, so I am totally reachable on social media platforms. My website is loud and proud.com L A U D because my last name is Lau. And my Instagram handle is the same. yeah, I think those are the best ways to get ahold of me. Okay, sounds good. Well, Alison, hey, thanks a lot for coming on the show. This is great. Yeah, no problem. Thanks, Steve. Hope you enjoyed that episode.

53:43
Now, if you’ve never watched the CNBC Make It series, I highly recommend it. The show is both inspiring and very well done. Also, while you’re there, please give my episode a like and a thumbs up. More information about this episode, go to mywifequitterjob.com slash episode 385. And once again, I want to thank Postscript, which is my SMS marketing platform of choice for e-commerce. With a few clicks of a button, you can easily segment and send targeted text messages to your client base. SMS is the next big own marketing platform, and can sign up for free.

54:11
over at postscript.io slash Steve. That’s P-O-S-T-S-E-R-I-P-T dot I-O slash Steve. I also want to thank Clibio, which is my email marketing platform of choice for eCommerce merchants. You can easily put together automated flows like an abandoned car sequence, a post purchase flow, a win back campaign, basically all these sequences that will make you money on autopilot. So head on over to mywifecoderjob.com slash KLA V-I-Y-O. Once again, that’s mywifecoderjob.com slash KLA V-I-Y-O.

54:39
Now I talk about how I these tools on my blog, and if you are interested in starting your own eCommerce store, head on over to mywifecoderjob.com and sign up for my free six day mini course. Just type in your email and I’ll send you the course right away. Thanks for listening.

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