Audio

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.

I Need Your Help

If you enjoyed listening to this podcast, then please support me with a review on Apple Podcasts. It's easy and takes 1 minute! Just click here to head to Apple Podcasts and leave an honest rating and review of the podcast. Every review helps!

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!

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.

I Need Your Help

If you enjoyed listening to this podcast, then please support me with a review on Apple Podcasts. It's easy and takes 1 minute! Just click here to head to Apple Podcasts and leave an honest rating and review of the podcast. Every review helps!

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.

I Need Your Help

If you enjoyed listening to this podcast, then please support me with a review on Apple Podcasts. It's easy and takes 1 minute! Just click here to head to Apple Podcasts and leave an honest rating and review of the podcast. Every review helps!

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
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.

25:05
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.

25:35
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.

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.

I Need Your Help

If you enjoyed listening to this podcast, then please support me with a review on Apple Podcasts. It's easy and takes 1 minute! Just click here to head to Apple Podcasts and leave an honest rating and review of the podcast. Every review helps!

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.
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. 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.

I Need Your Help

If you enjoyed listening to this podcast, then please support me with a review on Apple Podcasts. It's easy and takes 1 minute! Just click here to head to Apple Podcasts and leave an honest rating and review of the podcast. Every review helps!

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.

I Need Your Help

If you enjoyed listening to this podcast, then please support me with a review on Apple Podcasts. It's easy and takes 1 minute! Just click here to head to Apple Podcasts and leave an honest rating and review of the podcast. Every review helps!

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.

I Need Your Help

If you enjoyed listening to this podcast, then please support me with a review on Apple Podcasts. It's easy and takes 1 minute! Just click here to head to Apple Podcasts and leave an honest rating and review of the podcast. Every review helps!

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!

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
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

36:09
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,

36:36
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.

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.

I Need Your Help

If you enjoyed listening to this podcast, then please support me with a review on Apple Podcasts. It's easy and takes 1 minute! Just click here to head to Apple Podcasts and leave an honest rating and review of the podcast. Every review helps!

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!

384: This Abusive Practice Is Killing Your Margins And How To Fight Back With Kathleen Booth

 This Abusive Practice Is Killing Your Margins And How To Fight Back With Kathleen Booth

Today I have a very special guest, Kathleen Booth. Kathleen is the VP of Marketing over at Clean.io, a company that helps ecommerce companies protect their revenue and brand.

In this episode, we discuss a problem that has plagued ecommerce entrepreneurs for a very long time. In fact, thousands of online store owners face this problem everyday, and with the help of Kathleen, we can finally fight back.

What You’ll Learn

  • Why Kathleen decided to start a company in digital engagement security
  • How coupon abuse works
  • How to fight the coupon scrapers

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, Quirt, or 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 have a very special guest, Kathleen Booth. And Kathleen is the CMO of Clean.io, a company that helps e-commerce companies protect their revenue and brand. And in this episode, we discuss a problem that has annoyed me for a very long time. In fact, I and thousands of other e-commerce entrepreneurs have faced this issue for as long as I can remember. And we’re going to learn how to fight back today.

00:29
But before I 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 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 dv.

00:59
That’s P-O-S-T-S-E-R-I-P-T dot I-O slash Steve. I also want to thank Klaviyo, who’s also a sponsor of the show. Now, are you 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 in a way that gives you time to work on the rest of your business? And do you 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 needs change.

01:28
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 mywife. That’s klaviyo.com slash mywife.

01:57
And finally, I wanted to mention a podcast that I recently released with my partner Tony. And unlike this podcast where I interviewed successful e-commerce entrepreneurs, 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.

02:27
Welcome to the My Wife Quitter Job podcast. Today I have Kathleen Booth from clean.io and she is the VP of marketing over there and she is on a mission to help you grow your profits and make smarter marketing decisions by improving the effectiveness of your discount strategies. Now, I’ve actually never met Kathleen before, but her company helps to solve a problem that my online store has had for a very long time and that is a problem of coupon abuse.

02:54
Now, almost as soon as I issue a coupon on my site, it mysteriously ends up on every coupon site on the internet. And in addition, apps like Honey will try a bunch of coupon codes automatically on your site. in this interview, Kathleen is going to teach us how to combat this practice, how it works also. And with that, welcome Michelle. Kathleen, how are you doing today? you. I’m so happy to be here. Thanks for having me. Yeah, it’s a very interesting topic when you reached out and I’ve never talked about this before on

03:24
podcast. I’m hoping to get to the bottom of this coupon abuse problem. It’s definitely a problem that I think affects a lot of retailers. And it’s frustrating for sure. Yeah. So first off, Kathleen, just give me your background and tell me how you got into this coupon abuse or what you guys call digital engagement security. Sure. So I

03:46
owned a digital marketing agency for a little over a decade and worked with companies across a range of different industries. I loved it. was fascinating and fun to learn about, you know, all different types of businesses. So, you know, I did that for a while. I sold my agency in 2017 and I had wanted to go in-house and help high growth startups kind of take it to the next level. I’ve always been an entrepreneur at heart.

04:14
And so I knew if I sold my own company that I’d want to be in that startup world. And so I’ve, I’ve been head of marketing for a series of different companies. The latest being clean.io where I am now. And joined here because it’s, was a really interesting combination of a couple of things I’ve done in my career. I’ve spent my whole career marketing to marketers and, helping marketers. So I’m really passionate about making other marketers successful. And that’s part of what we’re all about at clean.io.

04:44
But then I’ve also interestingly done a couple of stints in cybersecurity. And although I wouldn’t classify us as a cybersecurity company, there are elements of that here. And it’s really rare to have those two things kind of come together, marketing and security. Most marketers, when they hear the word cyber or cybersecurity, they kind of think that’s my IT guy. And so I loved the combination of it and that’s what brought me here. Cool.

05:09
So can you just kind of explain what I think you guys refer to it as a coupon hacking or coupon abuse. Can you explain what that is and why it’s a problem? Sure. So I guess I’ll back up just for a second and say that, that, you know, historically when, when coupons were used, I think the first coupon ever was issued by, I want to say it was like the Coca-Cola company and historically coupons have used, have been used very top of funnel. in marketing speak, you know, at the top of the funnel to get people who

05:37
maybe aren’t thinking they have a need for your product or your service to, to all of a sudden decide they might need to check it out. So the example I love using, of course, is the famous Bed Bath and Beyond coupon, which would arrive at your house, you know, via the mail and you didn’t need new sheets or pillowcases or towels. But as soon as that coupon came, you’d be thinking, gosh, I should go to Bed Bath and Beyond. And maybe there’s something there I might need because I have this deal. And so what was something that was very top of funnel,

06:05
has really changed with the internet and with the way we have e-commerce stores and the way we market digitally, it opened up new possibilities to use couponing and discount strategies at different parts of the funnel. So we can still use it top of the funnel to get people to realize a need that maybe they weren’t feeling, but we can also use them for getting, incenting repeat purchase behavior, getting people not to abandon their carts or to perhaps spend more than they might’ve.

06:35
So there’s all that potential. because of that, think, you I strongly believe coupons and discounting play a really important part in the e-commerce marketing mix. But as you alluded to, the problem is that just as couponing has changed with the internet, so has the way that shoppers can use and redeem coupons. mean, again, not to date myself, but I used to be that person that had the little like,

07:00
coupon organizer accordion file in my purse many years ago and I would cut the coupons out of the Sunday circular and pop them in my organizer and go the grocery store and pull them out. And thank God those days are over, right? You know, it’s funny, you use the Bed Bath and Beyond example. And I remember like, I used to get those coupons so much, like I wouldn’t even go to Bed Bath and Beyond unless I had a coupon. Yeah. So it actually prevented me from shopping there in a lot of cases.

07:29
Yeah. And that’s a great example of how couponing can also, if it’s not done well, right, train your customers to, and also really dramatically affect customer lifetime value. So, you know, the, coupon redemption behavior has changed and, and it started with the kind of emergence of these deal sites. I’ll never forget when I first discovered like retail, me not as a shopper. And I was like, this is great. I can go here and search, you know, pop the, word old Navy in and

07:58
maybe there’ll be a coupon when I buy my son’s school uniforms, you know, and, that was convenient. was convenient, but, it still took us away from the sites we were on. had to go search for coupons and then we had to individually test them all out to see if they might work. And it was a pain in the neck. And the latest evolution is making shoppers lives even easier. We don’t have to search. We don’t have to test. There are these coupon extensions that do it all for us.

08:26
where they have the codes just like these deal aggregator sites do. Only now you can be shopping at Old Navy or whatever store it is that you’re on. You can put things in your shopping cart. And when you’re literally getting ready to put down your credit card and make the payment, the extension pops up and says, you know, we’ve got coupons. We think we can save you money. Would you like to try? And of course, what shopper isn’t going to say yes. And then

08:52
the extension just automatically tests them all for you. It picks the one with the highest discount and it applies it. Or if it doesn’t have a valid coupon, it renders a default state that says, congratulations, you already have the best deal. So that’s sort of like the landscape that has emerged to your question. What is coupon abuse? The answer to that is really that, you know, all of these coupons that are being issued by retailers,

09:21
or designed in most cases for specific purposes. Yes, there are broad coupons that they will advertise on their homepage and give to everybody who comes to the site. But then there are also other coupons like the 10 % they reward to people who subscribe to their email newsletter or the discount they offer when they do podcast advertising or the affiliate codes that they give out and are using to track the performance of their affiliate marketing relationships.

09:51
And those codes are not meant for everybody. They’re meant for, you know, in this case, it was newsletter subscribers or, you know, affiliate audiences or, you know, other particular audiences. so, so the problem arises when those limited use codes get out one way or the other, and we can talk about all the ways they get out and are used by audiences for whom they’re not intended. And that really has two key negative consequences. One is

10:21
It erodes profit margins by lowering average order value for a much larger swath of the customer set than you had intended. And two is it makes your marketing attribution data unreliable. Right. Yeah. You know, what’s funny is, uh, whenever I detect a coup, like I’ve had cases where a coupon code that I just gave to one of my best customers somehow got out and it was a pretty substantial discount. And so now what I do is I track whenever a coupon is used. And then I actually.

10:51
It tells me like the customer journey of that person in terms of the emails. Usually we email that our coupons and whenever something is suspicious now, I immediately just change up the coupon, but that’s kind of a pain in the butt. Yeah. The hassle factor is huge on a number of fronts and good on you for actually looking at your data. I feel like there are a lot of retailers that have this problem and they don’t know it because their data hygiene is just poor. They’re not checking it regularly. And so they could have

11:19
codes kind of running out of control and not even realize it, but it tends to be when people realize they have the problem, it’s because they’re looking at their coupon redemption data regularly. And when they see a spike in it and it doesn’t correlate with some sort of marketing activity, whether that was their activity or something an affiliate has done, you know, when there’s that mismatch, that’s when they tend to realize they have a problem. the hassle factor kind of

11:46
is a big deal, not just for what you mentioned. there is absolutely the, spend hours per week, you know, tracking down which coupon sites have gotten my codes. You could, you know, writing to them, asking them to take them down. Sometimes you get lucky and they do it. Sometimes they don’t, but then deprecating those codes, issuing new ones. Even worse is when it’s an affiliate code. you know, we had, talked to somebody who had a customer ambassador program.

12:12
where the customers weren’t even getting paid. They were just spreading the love because they love the product. And then to have to go to those ambassadors or affiliates and say, Hey, your code got out. I’m going to cancel it. I’m going to give you a new one. Can you please replace it on your website and your Instagram and your emails? Like that introduces a ton of unnecessary friction and relationships that you can’t really afford to have friction in. here’s what gets me. So I track now whenever someone enters a coupon code and it gets denied.

12:41
I actually get emailed and occasionally I’ll go and I’ll stock that person directly on my site. And what I found is that like if they try like two or three coupons and they don’t work, they end up checking out anyways. So if they were to get a coupon, that’s just like lost margin because they would have checked out regardless, at least in my limited, you know, experiences on my own site. your experience is actually very indicative of what we’re seeing in a broader data set.

13:11
Oh, okay. And this is fascinating to me because I talked to a lot of e-commerce retailers and I would say about maybe 20 % of them realize that this is a problem and are looking for a solution to it. And then I think the other 80 % are under the impression that coupon extensions are really good for business. They feel like it helps with card abandonment. They feel like it brings in net new customers, but they’re basing that on not much more than kind of gut instinct. so

13:37
We actually did some A-B testing and we can get later into why we did that and how we did it, but we did some A-B testing to see what would happen if on 50 % of your website traffic, you were able to automatically block the coupon extensions from auto-injecting codes so that all of your visitors would come and those with coupon extensions, they’ll still see them pop up and it’ll still look as though they’re testing the codes out.

14:06
But for half of them, they won’t get a successful code and the other half would. And what we found was that either it had no impact on conversion rates, meaning card abandonment didn’t get worse, or it actually improved conversion rates in some cases. And I think that could be because there was less distraction at the end of the day. People weren’t caught up in the coupon thing. They already had expressed a high intent.

14:33
to buy the product in the first place because they put things in the cart. And I think you’re right. What we also saw was average order value went up by between three and 10%. Well, that’s because the coupon’s not getting used, right? Right, exactly. Exactly. So if you can increase average order value by three to 10 % and not see any negative impact on conversion rates, all of a sudden it starts to be this incredible smoking gun that like, wait, maybe these extensions are not.

15:02
really that good for me. find it interesting that the conversion rate actually went up without the coupon extension. Are we talking about a statistically significant number? It’s not a huge sample and we’re continuing to AB test, should add. So it’s the data is evolving over time, but, so far we’ve seen pretty consistent results and it’s across retailers in a range of different verticals. So it was DPG apparel.

15:32
beauty and like home decor, would say. Okay. Actually our store falls under that demographic. What you know, what’s funny is I never use any of those extensions when I shop because I’m paranoid. Like I know extensions like honey or any Chrome extension. So I’m an electrical engineer and I, I do some coding for my own site and whatnot. And I know that if you have a Chrome extension, they can, they have so much visibility depending on what options you choose when you install. And a lot of people kind of gloss over it.

16:02
I’ve always been curious how apps like Honey actually make their money and exactly how much data they’re actually taking from you. Do you happen to know that? Oh, I love this topic because I don’t think anybody really has looked under the surface. um, Honey was purchased by PayPal. think it was about a year and a half, two years ago for $4 billion with a B. Yeah. Crazy. Crazy. Right. And there’s a famous saying, I’m sure you’ve heard it.

16:29
That is, if you are not paying for the product, you are the product. Yep. And so almost everybody who uses these extensions, like consumer level users who are shoppers, you’re not paying for it. So yes, you are the product. They the reason that PayPal, a payment processor purchased honey and the reason, by the way, that Capital One purchased what was Wikibuy, which is now Capital One shopping. Like there’s a pattern. It’s all these financial services and payments companies. It’s because they want

16:58
the data. They want deeper insight into what you’re spending, where you’re spending it, how much you’re spending. And when you start to think about the fact, like let’s take Capital One, the fact that for many people, they have their credit cards there, they have their bank accounts there, they have savings accounts there. They’re developing this insanely well-rounded financial picture about their users that if you have any concerns about your own data privacy, I think it’s a little alarming.

17:27
Yes, the data is one of the products that they are building with these extensions. But the other way they make their money is through affiliate fees. Honey and Capital One Shopping themselves are affiliates. And many of the retailers we talk to who do have code issues will tell us that they’ve written to these companies and said, hey, you’ve gotten either my wholesale codes or some other codes that are not meant for general consumption. We need you to take them down.

17:57
Sometimes the company will answer and do it. Other times the answer will be, hey, if you join our partner program, which is effectively their affiliate program, you’ll have more granular control. This is honey’s affiliate program or whatever the app or exactly, exactly. So the message to the retailer is join the program will give you more control. But what happens when you do that is in exchange for control, you’re then agreeing to pay them a commission every time.

18:24
somebody with a coupon extension shops on your site. And that’s a problem for a number of reasons. I mean, obviously you’re already taking a hit on your average order value when the coupon is used, but then you’re on top of that, you’re paying a commission. There’s a deep well of issues here that I could go into if you want surrounding things like how it affects your marketing investment decisions and why your customer acquisition cost calculations need to be tight and also how the cookie that they drop

18:53
can affect. this is where I’m lost. So they get an affiliate commission off of whatever company you’re shopping at. Is that correct? Yes. So if I’m the shopper and I go to your store, and I have a coupon extension present, if you are a part of their program, if you have joined their affiliate program,

19:17
and I shop at your store and the extension’s present, whether I have a successful coupon or not, this is where it starts to get really interesting. If I have the extension there, it’s going to claim credit for the sale and you’re gonna have to pay them a commission on that sale.

19:35
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.

20:03
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 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.

20:33
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. I see. So I guess the terminology is what’s confusing me here. You’re joining their affiliate program, but you’re paying them for a conversion. So it’s almost like they’re a member of your affiliate program. Correct. So the merchant, well,

20:57
Although really it’s the merchant opting into, I’ll just use Honey as example, opting into Honey’s program. But then Honey becomes an affiliate for the merchant. Got it, got it. Okay. So this is a little devious here because this, I didn’t know that this could happen, but Honey as an extension on your browser can actually insert an affiliate cookie onto the user’s site, to the user’s computer. Yes. Okay. This is why I’m paranoid about extensions like Honey and

21:27
just anyone out there who’s using any Chrome extension, depending on what permissions, which most people don’t read, you can literally be passing all of your web browsing data, everything over to the app owner of the Chrome browser. I don’t know what honeys are, because I never installed it, but do you happen to know what information they track? Beyond coupons, I’m not exactly sure. I’d have to look deeper into their terms of service. when you sign their

21:54
their terms of service, I know in their privacy policy, it explicitly states that you’re giving them permission to effectively scrape the codes that you manually enter. So that’s a big part of how they get their codes is if I’m your VIP customer, like you mentioned that as an example, you send somebody a really nice discount code, if they have honey in the browser, and then and that all the extensions work the same way. And then they go and they enter that code that you’ve given them.

22:23
it’s going to scrape it and then it’s going to share it with everybody in their database. I see. So the person that you’re giving the code to isn’t deliberately sharing their code, right? It just so happens they probably have an extension that’s that’s track. mean, they could be because there certainly are ways to to manually give codes to the extensions. And that is a concern, particularly if you’re working with affiliates. Yes, definitely. It’s actually it’s very devious. And then you’re paying affiliates for sales that they didn’t drive.

22:53
Right, so just to be clear to the people listening, so first of all, an affiliate is when someone’s like a virtual salesman for your store and oftentimes you issue them special coupon codes where if someone uses that coupon code, they get affiliate credit and you pay them a commission. So I guess if you’re devious and you’re an affiliate, you could give sites like Honey or Capital One your coupon code for a widespread distribution and then you get paid out for sales that you didn’t even refer, is that correct? That’s right and it works the other way too, which is that

23:22
If you’re an affiliate, you could legitimately have shared your code with your audience. And if one of your audience members goes to the site and tries to use the code, but has Honey present, if Honey has a larger coupon in its database, it’s going to overwrite the affiliate code and they won’t get paid for a sale they really did drive. it cuts both ways. see. So now see, it’s funny. I had my buddy, Kevin Stecco on the show, maybe

23:52
you know, half a year ago. And we talked about coupons, particularly, and how like margin sucking like a coupon is like you don’t even think about it until you run the numbers. But like a 10 or 15 % coupon means that you have to generate significantly more sales than you think to make up for that discount. So this is a big problem. If your coupons are just getting used willy nilly. It’s it’s a huge problem. For you know, many of reasons you mentioned, like we talked about customer lifetime value, if

24:22
coupon extension users, that extension is present every time they come to your website. And so the expectation would be that they would use it every time they come to your website. So you’re not necessarily going to make it up on the backend, which is what most companies hope to do. But it’s also really frightening when you think about the fact that it’s coming in just at the last mile of the customer journey. And you’ve already, when you think about customer acquisition costs and micro conversions,

24:51
you’ve already essentially paid to acquire that customer through your Facebook ad or, whatever other marketing channels or campaigns you’re running, there’s a cost associated with those. And then at the end, you’re also paying this cost of the discount from a coupon extension that really had no part in bringing that person to your website. Here’s what I want to ask you. You mentioned earlier something about attribution. let’s say someone clicked on a Facebook ad for the conversion.

25:19
These apps, they’re not going to override that, are they? It depends. And I mean, we’re still learning a lot about this. What I will say is that I do know if you are, if you are part of their affiliate programs and you’re using an intermediary affiliate platform, such as a share a sale or something of the like in, those cases, it does, it does drop.

25:47
a first party cookie that overwrites attribution. Really? Okay, well that’s a huge problem. Yes. Okay. Cause then you don’t even know like it affects your advertising spend and all that stuff as well. That’s exactly right. And it does that. It overwrites attribution, whether it successfully applies a coupon or not. So it might test coupons, not find one that works and it still claims credit for the sale. Okay.

26:14
Here’s just a random question, because you know, Apple has been combating like this practice of cookies. Do you see this problem going on even after Apple is done with all the, it seems like everyone’s moving away from cookies. I actually see the problem getting worse because with iOS 15, that is going to essentially include browser extensions in, in the iOS 15 sort of Safari browser. And so.

26:43
And there are a lot of other browsers that are adding mobile capabilities. Really until now, coupon extension problems have been limited to desktop shoppers, which for most e-commerce stores, as you I’m sure know, are the minority, right? So it’s a hassle, it’s a problem, it’s affecting things, but it certainly isn’t as dramatic as it could be. And I actually think it’s going to get much worse before it ever gets better because of the direction that a lot of these browsers are moving in to incorporate.

27:10
extensions. And in fact, I believe, if I’m not mistaken at Apple’s developer conference where they rolled out iOS 15, honey was actually one of the partners that participated in that event. And they made a big announcement about their partnership with them. Okay, so what you just brought up something that I wasn’t aware of. So these extensions, they don’t work on mobile. They haven’t until now. Okay, interesting. Do know how widespread of a problem this is? Just kind of curious how like how many app installs do they have?

27:38
collectively, like the big ones. I mean, it’s millions of people and it’s growing. It’s growing extremely quickly. I, you know, I don’t know if you’ve seen the ads. I was really struck this year. started during the Superbowl when I saw ads with like Samuel L Jackson in them for Capital One shopping. And, you know, all of them have deep pockets and they’re advertising aggressively. And it used to be that

28:00
Coupon extensions were mostly used by women and particularly younger women, which is why you see verticals like apparel and beauty having particularly severe problems. That’s really beginning to change with those, the advertising campaigns they’re doing that are, in my opinion, clearly targeted at expanding the male demographic that uses them. The problem is definitely more severe in the United States. As I mentioned, it’s certainly more severe on desktop. I think on average, what we see is that

28:30
for companies that are e-commerce retailers that have coupon extension problems, it usually affects about, and this is gonna be an average of course, but around 10 % of orders. And that number will just grow. Right. Okay, I think we’ve defined the problem well enough at this point. Do you have anything to add before we talk about solutions? No, I I think we’ve covered it pretty well. Okay. So, Aisha, do you wanna just talk really briefly about what your company does and how it works?

29:00
Sure. So we’ve been around since 2017. And when we first started, our initial product was in the advertising technology space. We have a product called Clean Ad that protects large online publishers. Our clients include companies like the Boston Globe and CBS Interactive. We protect them from malicious ads delivered through programmatic marketplaces. And because of that, why that’s relevant to this conversation is that it’s all about

29:28
essentially helping website owners control the third party code that executes on their site to protect their user experience and their brand. And because of how our script sits on page, we see a lot of third party code. And it was in the course of doing this on the, think it’s like 8 million websites where our code lives right now. We saw these unusual other types of what are called client side injections and cybersecurity terms, which is another word for what browser extensions do, you the behavior you described earlier.

29:58
where they can go on sites and execute script. in some cases it’s benign. And in other cases, like with coupon extensions, it actually has a material impact on the business. And so that’s how it came on our radar. We built this new product called Clean Cart and it came out of private beta in March. And what Clean Cart does very simply is it allows online retailers to prevent coupon extensions from auto-injecting codes at checkout. It does not prevent shoppers from entering codes manually.

30:28
And it also doesn’t change the user experience. if somebody comes to your website and they have the extension present, it will still pop up. It will still look like it’s testing codes. It will just render that default state and say, congratulations, you already have the best deal because we’re blocking it on the backend. So what’s interesting about this is I was going to write my own thing because I noticed that these extensions, like, honey, they try them. And if they fail, like right now I have an alert whenever a coupon fails.

30:57
How does your technology differ from like, let’s say they tried twice and I just block out all coupons after that, after they’ve failed a couple of times. So what I love about our product is that, like I said, it doesn’t affect the user experience, which is paramount. And because of the way the coupon extensions function, you know, they watch what codes are successful and

31:23
When over time, as they start to see these codes become less successful, it effectively trains them to drop the codes from their databases. And so not only do we immediately upon installation of the script eliminate this problem, because you no longer have the auto injection over time, we eliminate the codes even from appearing in the databases so that if somebody did choose to visit the site and see if there was a code and then manually type it in over time, they’ll find fewer and fewer of your codes there. But

31:53
You know, so that’s, that’s sort of the benefit in terms of how the coupon extensions work. But the other side to that is that I think, you know, in a perfect world, we would all use, um, single use codes, right? Sure. In our email, in our SMS, what have you, but there are use cases. And I described some of them earlier, be it affiliate marketing or podcast advertising or display ads, you know, there are use cases where a single use code simply isn’t possible. And so the best thing about it to me is that it frees you up.

32:23
to use discount codes in the way they were intended without having to think about whether they’re gonna leak. It gives you peace of mind and it you don’t have to spend those hours per week doing all that manual stuff. Yeah, yeah. No, I mean, I see the value there. You know what’s funny, Kathleen? I’m just a very paranoid person when it comes to this code. So like I’ve, I’m so careful about like the plugins and everything that I installed because when you install code on your own website, like willingly,

32:50
that company has access to everything also, right? So like I once used an extension, which I won’t really mention publicly, I found it like, cause I look at the web traffic and I noticed that they were taking all this information and sending it off to these advertising firms. So they were actually taking my customer information without my knowledge and sending them off to some other agency. And that made me very mad.

33:18
And I stopped doing so now today I’m like very paranoid about everything that I install, whether it be a Chrome browser extension, which is probably just as bad. Um, so I’ve just cautioned. don’t want to make everyone listening to this paranoid, but like if, if something is free, then that usually means like, like you mentioned earlier that they’re selling the information somehow. You know, Steve, you totally just described.

33:43
at the heart of what digital engagement security is all about. And so I love that because it’s about the fact that the way we engage with our customers, our prospects, our audiences, it’s online these days. And for most of us, it’s either entirely online or a good portion of it’s online. And we all saw the same thing. We all saw trust, right? And so we want to create an environment that’s trustworthy for them. We want to also create an environment where our businesses can thrive. And I always say this,

34:12
As a marketer, my whole career, I’ve been told you own your website and it’s really not totally true. mean, legally you own it, but from a user experience standpoint, and, and when you think about what happens on your site, you don’t really own that because you just said it like the way modern websites are built. They’re.

34:35
you know, 99 % of them are built either on some other platform or CMS, you know, or shopping cart platform, which is third party code. We add apps and plugins to our websites, which are third party code. And then our visitors come to our websites, bringing with them these browser extensions, which are third party code. Our websites are rife with third party code that we don’t own or control. so digital engagement security is all about like,

35:04
understanding that doing your due diligence on what that third party code is and being able to control it to the extent possible so that you’re able to protect your user experience and your brand. Yeah, you know, I was just thinking about that experience where I was using code where information was being passed. And again, I’m not trying to make everyone paranoid, but like if someone has a little piece of JavaScript code on your site, they can literally scrape everything that’s typed into every form field.

35:32
And without your knowledge, they could be sending like all these email addresses somewhere randomly and kind of get you in trouble for two in case someone comes back and says, Hey, that I was the only the only shop site I shopped at was yours and my email got leaked. And that was like a unique email that I only used to shop at your store. I don’t know. I’m just paranoid. It’s pretty scary when you start to think about it. And this is, know, me putting my cybersecurity hat back on because I did spend a few years in that industry and it was, it was eyeopening to me as a marketer and

35:59
The thing that I wish marketers cared more, there’s a lot of data these days that points to the fact that marketing departments have bigger IT budgets than IT departments do in many companies because of all the software we use. Like I said, at least we think we own our websites, but certainly in terms of responsibility within a company, we’re generally responsible for the website. I do think marketers should care more about this because

36:27
It really affects our ability to do our jobs well, and it puts us at risk if we’re lazy or we’re not careful about the code we put on our sites. It can have massive ramifications. So I would imagine you guys just came out of beta, so you’re probably only targeting larger customers. Like what can the little guy do on a low budget to prevent these practices from happening? Well, and I will say we’re not necessarily targeting enterprise. mean, we’re…

36:55
very mid-market at the moment where we came out specifically targeting Shopify plus users, but we’re on the cusp of broadening it pretty dramatically. And so if this is something you’re interested in, go to the site and check it out and we can put you on a wait list and let you know when we expand. beyond that, I’m not here to say our product is the only solution at all. think there are a number of ways that retailers can tackle this. The worst solution, but it certainly is one, is just stop using coupon codes.

37:24
I wouldn’t recommend that. think that that ties your hands behind your back in terms of how you go to market. But it’s an option. I think the middle ground is what I like to call practicing good coupon hygiene. And a lot of what you talked about that you’re doing for yourself falls into that category. It all starts with a couple of things. Number one, have a single source of truth for the codes that you are using. You would be shocked at how many retailers I speak to.

37:54
who, when we start to report to them on the codes that are being attempted, they come back with, wow, I didn’t even know that code was active. And it’s because they’re using, they might be using their Shopify instance plus a Clavio, plus an SMS plugin, and they’re generating codes in all these different places. And it might be different people who are generating them. So this is as easy to solve as just creating a spreadsheet where you make your whole team enter any codes they create.

38:21
And you take a note of when the date they were created. And so then you have a process in place for going back to check on what’s happening with them and understanding when they should be expired. That’s number one. Number two is what we talked about earlier, which is getting in a regular cadence of looking at your data. watching coupon redemption patterns is really important. And I would suggest people do it weekly so that if something does happen, if your code leaks, that you’re able to

38:50
identify that quickly and take steps to fix it, either by contacting the company that it leaked to and seeing if you’re successful and appealing to have it taken down, or if that doesn’t work, canceling the code yourself and taking steps to reissue a new code to whoever’s using it. And then I guess the third thing would be do use single use codes wherever you can.

39:15
in your email marketing, your SMS marketing, et cetera. There are a lot of good resources for that these days. So if you’re able to do that, do it. There might be cases like we described earlier where you’re not. And that’s when that good coupon hygiene, those regular check-ins and looking at the data is so important.

39:35
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

40:02
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,

40:29
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.

40:55
You know, it’s tough because I considered going with dynamic codes, but there’s an overhead with doing it that way. So I’ve always, like in my pre-purchase campaigns, I issue a static coupon that I rotate periodically, like maybe once every quarter. recently, and by recent I mean maybe in like the last year, those coupon codes get out right away. And that causes even more overhead because I got to go and switch up the coupon and the sequence, the emails that actually give out that coupon.

41:24
So I was thinking about what I described earlier, because I noticed a pattern when these coupon sites, like people will try like two or three of them, and they fail until they find the right one. In a lot of cases. So if you can just somehow just automatically deny every coupon after they failed twice, I think that might solve the problem. Or do everything that you said.

41:50
My recommendation personally would be to issue less coupons in general If you guys go go do a search for Kevin Steck on my podcast We actually ran the numbers it it sounds like math and it sounds boring But it was actually eye-opening like how much margin you’re losing by giving out these coupons if you’re gonna give out coupons only give them on special Occasions to make them more valuable. Otherwise you have that bed bath and beyond syndrome as well where people won’t shop at your site anymore unless they have a coupon so

42:18
Yeah. And I would add there are little UX tricks you can, you can use like instead of having a box at checkout that people see and can enter a promo code, have a link that they need to click that then opens the box. Ah, yes. That’s yeah. It’s little things like that, that, you know, the people who legitimately have codes, who you’ve sent a code to, who’ve come to your website because of that code, they’re going to hunt that link down. They’re going to click it they’re going to enter it in. And that’s great.

42:47
But for others who are what I would call more opportunistic kind of coupon extension users, they’re not going to go through all that because they’re relying on the convenience factor to get them the discount. That’s a good point. I remember a long time ago, I think I wrote a blog post on this. Like if you have your coupon code, like right next to like your credit card field, like my natural inclination is just to go straight to the web and look for a coupon code. Yep. But if you put it in more like an out of the way place, like you just mentioned,

43:17
Like someone who has a code is going to look for that box, but someone who might not necessarily have a code isn’t going to necessarily look for that box specifically. That’s exactly right. And there’s actually research that shows that if people see a promo code box, it makes them feel like there is a valid code out there. And if they don’t have it, it incents that behavior. So you’re spot on. Yeah. There was another thing, but this is like a really old blog post, like renaming it coupon to like voucher or something like that. Also was another.

43:47
So when you give out a coupon, say, look for the voucher box, but someone else who wouldn’t have gotten that email might not necessarily be looking for that box. That’s great advice. Yeah. So Kathleen, this has been great. I have not talked about this for a while. It’s actually not like a topic that I often talk about, though, or people talk about, even though it’s a widespread problem. Like I hate it when I see someone use a coupon code, especially a larger one.

44:14
that shouldn’t have gotten out. And I have a pretty good idea. Maybe it’s because I’m a smaller shop, but I know like what the codes are associated with everything. Like I don’t have multiple people handling coupon codes aside from my wife, I guess. I’m sure like all the shop owners who are listening to this, just check your coupon redemptions. I think you’ll be surprised at how many coupons have leaked. Yeah, definitely worth looking at the data and do it regularly because

44:41
You might not have a problem today, but it doesn’t take long. Or do what I do. Like not everyone’s going to have time to look at it regularly. Just, just have yourself get notified whenever some weird activity happens or whenever there’s a special coupon. So this is what I do. If I have a high value coupon out in the wild, like out there, like I’ll just have it email me whenever that coupon is, is tried to be used or used. So I’m just aware of when it happens so I can just, you know, make a note of it.

45:10
Cause I know for a lot of these larger coupons that I give out, they’re not meant to be used all the time. Like if I get more than like a couple of redemptions a month for that coupon, something’s wrong. Cause these are coupons tied to specific customers that are larger customers of ours. Yeah, that makes sense. So Kathleen, where can people reach out to you if they have any questions or anything about related to your company and your technology? So the company is clean.io, which conveniently is also our website address.

45:39
And the product is called Clean Cart. We do offer a 14 day free trial. So if you go to the site, you can sign up and test it out. And I’m happy to also answer any questions. I’m really active on LinkedIn. And so if you have questions about this, if you want to talk, or if you have any feedback, I’d love to hear it. Just connect with me, Kathleen Booth on LinkedIn. Okay, great. And right now, just, just to be clear, it’s only for Shopify plus customers, or is it

46:04
for just shop. That’s right. And I would say if I had to guess within the next month to month and a half, we will be on more platforms. So definitely if you come to the site, you’ll see there’s a button in the hero of the product page that says not Shopify plus question mark join the waitlist. I just encourage you to hit that if you’re interested, fill it out and we’ll ask you what platform your site is built on and then we’ll notify you as soon as we are live on that platform. Okay. Well, thanks a lot, Kathleen for coming on.

46:33
This is very interesting. Thanks for having me. This was a ton of fun.

46:39
Hope you enjoyed that episode. And if you have a coupon sharing problem like I do, go check out clean.io. For more information about this episode, go to mywebquaterjob.com slash episode 384. 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. So head on over to mywebquaterjob.com slash KLAVIO.

47:06
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. That’s P-O-S-T-S-E-R-I-P-T dot I-O slash dv. Now I 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.

47:36
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.

I Need Your Help

If you enjoyed listening to this podcast, then please support me with a review on Apple Podcasts. It's easy and takes 1 minute! Just click here to head to Apple Podcasts and leave an honest rating and review of the podcast. Every review helps!

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!

383: 19 Yr Old Makes 1 Million Per Year Selling Pup Rings On TikTok With Parth Kukreja

383: 19 Yr Old Makes 1 Million Per Year Selling Pup Rings On TikTok With Parth Kukreja

Today I’m really happy to have Parth Kukreja on the show. Parth is a genius, he’s only 19, and he started a 7 Figure business selling pet jewelry online.

Parth is open-minded, constantly learning and he’s willing to try any strategy. In this interview, you’ll learn how Parth grew his business to 7 figures using TikTok.

What You’ll Learn

  • Parth’s journey and how he started a 7 figure business at 19 years old
  • How creating viral Tiktok videos grew his Jewelry business
  • Parth’s advice to all young aspiring 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 have a really special guest on the show, Parth Kukkereja. Now Parth is only 19, yet he’s managed to create a million dollar business selling pet jewelry online using TikTok. And if you aren’t on TikTok yet, this episode will convince you that you need to join to promote your e-commerce business. But before we begin, I want to thank Klaviyo for sponsoring this episode.

00:27
Always excited to talk about Klaviyo because they’re the email marketing platform that I personally use for my e-commerce store and it 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 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, boom. Let’s say I want to set up a special autoresponder sequence to my customers depending on what they bought, piece of cake.

00:56
and there’s full revenue tracking on every single 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 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.

01:22
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 Postscript? It’s because they specialize in e-commerce, 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 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.

01:50
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 want 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.

02:19
Now onto the show.

02:27
Welcome to the My Wife Could Her Job podcast. Today I’m really happy to have Parth Kukreja on the show. Now Parth is someone who I met at Nick Shackelford’s Geek Out event and he is literally the first person that I met at the event. I was sitting down alone answering emails on my phone and Parth sat down next to me and we just started chatting and I’m really glad that we did because this kid is a genius and I use the word kid because he’s 19 and he started a seven figure business selling pup rings online.

02:55
We’ll get into exactly what that is in just a sec. But Parth is open-minded, constantly learning, and most importantly, he’s willing to try any strategy and keep at it until he gets it working. Now, his success is not accidental, and today we’re going to talk about how he grew his jewelry business to seven figures while in college. And with that, Parth, welcome to the show. All right, thanks for having me, Steve. It’s a pleasure. So Parth, I actually want my kids to be just like you. I want to know how you got into entrepreneurship at such an early age.

03:24
and how you came up with the idea of Pup Rings. So I got into entrepreneurship just because I’m going to be 100 % blatantly honest with you, high school was not a walk in the park for me. I didn’t really have many friends. I went to a private high school with only like 30 people per grade. So I didn’t really have much to do. And I was like, you know what? Making money sounds like a cool thing. And like not only just that, but building. I love building things. And the other question that you asked was how to like

03:53
How do I get into Pup Ring? So explain what Pup Rings are first of all. sure. Yeah. So Pup Ring is this cute little dog company which I run where you get like your dog’s name engraved on a ring. It’s a super cute personalized product. And most of you are entrepreneurs or everyone who’s listening probably has a business. Personalized products 100 % is the way to go in 2021. So do you own a dog? Like how did you come up with this idea? I don’t. You don’t have a dog, right?

04:21
I run a dog company without a dog. It’s funny. Right. So how do you come up with this idea? So I’ll be honest, I working as a web developer at the time and this guy comes up to me, he’s like, hey, Parth, can you design a website for me? And I was like, all right, go for it. Design him a nice website, work on his store. And at the end of the day, guy’s like, oh, I can’t bring this product out of China. I don’t know what to do. Because he’s parent, he dropped shipping the product at time. And I was like, dude, this is winning. I looked at the store, I looked at the details. was like, dude, this is a winning product. You can’t pass this up. He’s like, no.

04:51
I pass it up. I’m going to go do other things. It’s a cool starting point. And I was like, you know what? I can’t allow this. I can’t allow this at all. So I was like, if you’re not going to continue with this product, I have to do it. And he’s like, go for it. So I got his data. I just launched the product myself. And the first thing I did after I could verify the product sold and everything, I moved it over to the US. And everything from there is history. Wait, so he just gave you the business? So it was an AliExpress product. So the listing was public at the time.

05:21
Now it’s not. Now I actually have like a private supplier and a patent pending. So, Oh, he was selling. He was a, he was a seller on AliExpress. Yeah. It was a drop shipping initially. And then I eventually ended up moving it to the U S got an engraving machine in my basement. Parents weren’t happy about that one and went from there. Okay. Wait, so before we get into the details of the business, I I’m just from my own knowledge. So the key to your success is like, you don’t have any friends. So I should restrict the amount of friends that my kids have.

05:50
Is that where I should make them bored? My inner workings honestly, I don’t know, man. I just tried a lot of things. Like I started seven businesses before pupperin. Like if you want one takeaway from this, I’d say be persistent because while the entire world tells you no, you have to know in your heart that this is what you want to do. But motivation wise, like what made you motivated at a young age to do these things? Was it just the fact that you had all this time on your hands?

06:20
So I have this really pure motivation that I think a lot of other entrepreneurs have. Okay. I like money. Was that something your parents instilled in you or is it just, do think you were just born with it? Uh, so the, the like of money is something that I’ve always had, but no. So my parents immigrated from India. I was trying to make a joke. Sorry about that. No, no, no, it’s fine. No, it’s cool. My parents immigrated from India and I’ll be honest, I was not a good student at all. think I told you this.

06:48
I didn’t do my homework at all. was not what you would think would be someone who’d be successful. I was just one of those people that was just like, oh, that kid, yeah, he’s not going to do anything with his life. but you’re my interest now, right? So yeah, I’m returning back. I’m taking two classes to see if I can handle the work life balance. I’ll be honest. It’s more for my parents than anything. OK. OK. All right. So back to pupperings. So you took

07:16
this guy’s business from AliExpress. Did you take his inventory or? No, no. So have you heard of like drop shipping before? Yes, of course. Yeah. Yeah. So this is is drop shipping at the moment. So the Chinese supplier was actually engraving the rings and all that stuff for us at the time. I only did like 100 or 100 orders and I had a joke I made with my my partner, Alex. I was like, our first our 500th order is going to arrive before our first order.

07:41
because our 500th order was when we had everything in the US and we moved our systems over. And our first order was back when we were doing it from China. The funniest part was it’s actually true. That person in the first order, that person did not like our company that they had like 40 days to the ring. However, the 500th order, that person, that’s when we had systems built out. That person got the ring within probably like two weeks. So you found a different manufacturer than the one that was dropshipping for you?

08:08
I know. here’s the exact thing that I did. I took the blueprint for the product. OK. I basically took the listing, got the design files from the AliExpress supplier. And I basically went up to our guy, just the guy who was also doing similar products. I like, hey, can you do this mold? They were like, yeah, we can make the mold for you, problem. So I made a few adjustments in the mold to make the ring easier to see, because engravings were small, especially the ones that they were drop shipping. Yeah. Very, very small.

08:34
Can you me an idea of what like the mold cost? You had to make a mold from scratch? Yeah, mold, overseas, the molds are a lot cheaper. I think it costs like 70 bucks. Oh, that’s it? Yeah. Yeah. It was like 70 bucks and it was like, we had what? Nine different sizes. So yeah, 70 divided by nine math is math is hard. That sounds really cheap. Cause like molds, at least for plastic are like in the tens of thousands of dollars depending on the size, right? Really? Yeah. What kind of molds are you doing?

09:04
Well, no, for plastic in general, Huh. So that’s why I’m curious that the metal molds are so much cheaper. So I’m not in no means like a mold expert, but what ended up what they told me about the molds, from my understanding, is there’s a few different types of molds. The one that they do is like a clay mold. Basically, put the liquid in there. problem with clay molds is they break and the rings aren’t always going to be 100 % accurate. So we like to use the term handmade with our rings because they are.

09:32
Each mold is poured individually and each ring is made by hand. That’s why the lead time from here, like from start to end of making the rings takes 30 days. We have to keep that in mind when ordering inventory, but you know, us engraving that only takes a few hours. So can you describe like the design process? Like you made modifications to the mold and were you making drawings or was it just kind of verbal? It was drawings, lots of drawings. Okay, so did you use like a…

10:00
Do you have any experience in this when you were doing this? No, so the only background I ever had was I networked with a few different entrepreneurs early on in my life. No one too crazy, no one too serious. Not like you, I’ve seen a lot of people on your podcast there, they’re crazy. Neil Patel, by the way, I love that guy. I was watching your podcast with him before. Yeah, he’s a great guy, really knowledgeable for sure. Yeah, honestly, I’d love to meet him eventually. Maybe later down the line when I become just as successful as you are, everyone else.

10:29
See, this is what I like about Parth. He’s so modest. I mean, you’ve accomplished more than a lot of people will ever accomplish in their lifetime. already, right? Stay, you usually talk too highly of me. I’m just a kid that got lucky. Well, see, I know you sandbagged because I remember one of our conversations was like, I’m just so uncomfortable approaching people, but you approached me at the event, right? Not the other way around. And you were approaching everyone and just making conversations. Well, I mean, I was learning from you.

10:59
Alright, so for context, I went to Nick’s event. I didn’t know where I was going, so I walked straight into the baseball park first. I was so lost, was like, oh, this is a very scenic area. I walked back around, go into the event, see everyone’s talking, everyone’s like, shit, who am supposed to talk to? Which is how everyone feels, by the way. Yeah, and I went to go get coffee. I don’t even drink coffee. I literally got coffee because I was like, oh, could be a social point. And eventually I was like, you know what, screw it, I’m just gonna go sit down.

11:29
And I happened to see Steve sitting by himself. was like, you know what? I’m going to talk to Steve. Steve seems like an interesting guy. So I talked to Steve. Turns out I was right. He is an interesting guy. And then from there, you know, they had lunch in the events for everyone who wasn’t there. And it was cool because, you got another opportunity to socialize and talk to people. I was just kind of following Steve talking to Steve and Steve did the school thing where he just walked up to this group of people standing at a table. just sits down. He just, he stands next to them. He’s like, Hey, do you mind if I join you?

11:58
and I kind of just joined there and didn’t really say anything. But it was cool because I was just taking notes mentally. All right, so back to Pup Ring. So we were talking about you already validated your product because you’d already had this dropshipping business. So you already knew it was going to sell at that point. I’m curious though, back when it was a dropshipping outlet, how did you actually get the sales? I think…

12:24
So the cool thing is, guy who was doing the product before, he gave me all of his data. So he had $30,000 worth of data that he gave to me because he was a really nice guy. Wacy was an amazing guy. I love that guy. I haven’t talked to him in a year, but if he ever talks to me again, I’d love to sit down with him. But Wacy, he spent like 10,000, got 30,000 in revenue off the product before I ended up saying that customers are too unhappy. I ended up using that data, put it into Facebook, made it look like audience based off of that, and then launched ads for maybe like a week.

12:54
And at this point I had no money to my name. I was broke as heck. Okay. So yeah, I’m just kind of curious. So he gave you his customer data, but how was he generating sales? Was he running ads? Yeah. He was also doing ads. was doing, um, he had one creative. tested one creative that lasted him a long time. Okay. And then, so he turned that over to you and then you ran ads can, and where those ads profitable wrath about when you started running them? Uh, yeah, because we’re looking, we’re using lookalikes. Um,

13:24
They were profitable straight off the bat. Actually, no, no, no. I’m trying to remember because this is about a year and a half ago. No, they were breaking even when we first started out. And you know how like ads are. Initially, you lose money. And eventually, once you refine your testing and figure out what happens, you eventually make money. For us, we had a very small learning curve since we already had a lot of data. So we were maybe red for maybe like one day, if even. But most of the time, it was just break even.

13:49
So I know we went to geek out just now and we learned a lot of principles about how to create high converting creative and that sort of thing. Can you kind of just describe the ads that work with you, that work with your company? That are converting ads? Right now, our biggest problem, funny enough, is creatives. And that’s something we’re actively working on fixing. Right now, we barely have any advertisements. We only had like a few handful of TikToks that we’re using. And by the way, we use TikTok as a main advertising platform. Yeah, we’re to talk about that in just a sec. Yeah, for sure. For the bulk of this interview.

14:17
But we’re getting there. want to talk about like the early stages first. So Facebook. Yeah, of course. Were they video creatives? Were they just image or? It was video. was a really, really stupid video creative where it was like some weird retro music and it had like the image of a ring zooming in and another image of a ring zooming in. And it would just, I don’t know how this creative worked. All right. Me and Alex, we were like, this creative is terrible, but we’ll test it anyways. Fun fact that creative we used for about eight months. I don’t know how it worked.

14:47
but apparently it resonated with the audience of 45 to 65. And now that’s what we thought our demographic was at first. And then eventually, know, in January when everything happened, like iOS changes, were at a terrible point in the business. I’ll talk more about that later. We decided to go on TikTok and hit the younger demographics. And that’s kind of what we’re targeting now, younger demographics. And that’s kind of where you need to have more creatives, more images, a lot more testing done there. Whereas older people, you can have an older style creative and it’ll work.

15:15
which I didn’t know at that time. At that time I just got lucky. Now I understand that because I’ve done a lot of learning. It’s funny, like for my Facebook ads, like we’re targeting 55 and above and that’s like the demographic that converts well for me on Facebook. Really? Yeah, I think just people on Facebook are older, right? Just like you said, it sounded like people over the age of 40, right? Where you saw your most success. Yeah, 45 and above because there’s a 45 and above.

15:44
So it sounds like you started out maybe for like the first six months or so you were on Facebook to get most of your sales, but then things started blowing up once you went to TikTok, which is mainly what I wanted to talk to you about today. Can you talk about your TikTok strategy? Let’s start with organic first and then go to ads. Sure. Let me talk to you about mindset first before we get into TikTok. Basically to set the stage right now, this was December of 2020. We just finished Black Friday heading into the first of 2021.

16:12
It was a crazy month because we did our most profitable quarter. We sold like 60K that month. Not profitable. We sold our most in that month. We only sold 60K. Well, after doing all the numbers and all the math, we realized we only made 5K profit from Facebook ads just because we weren’t profitably doing a lot of our ad stuff. There’s a lot of stuff we had to learn at that point. And that kind of broke me and Alex down. We were at a point where we were like, shoot, we don’t know what to do anymore. We were planning on selling the business for less than we paid the engraving machine.

16:41
Gary Meeseen, we paid like five grand for it. So we were planning on selling it for like four, just so someone could take it off our hands. And Alex decided, you know what, I’m going to do some TikToks. We went viral on TikTok initially. And this is the crazy part. Our fourth video, it went viral. We didn’t even have a link. We didn’t have an Instagram link. We didn’t have anything linked to it at all. People literally went onto their Google or their Chrome or whatever search engine they had. They just typed in Pup Ring. First thing that popped up was our brand and they went to go purchase the like that.

17:09
And within those first two days of going viral, we hit 50 grand revenue in two days and it was crazy. Just that one TikTok. Just that one TikTok. It got, I believe, a million views. Did you mention the word Pup Ring in the TikTok? No, I don’t think Pup Ring, the name was mentioned. think people just searched our name, like the TikTok name Pup Rings, Pup Ring. And then they eventually found the website like that.

17:38
So the key thing to realize here is that, and I think I mentioned this in a prior podcast episode, when it comes to social media, like they don’t want you posting your URL or even mentioning it or whatnot because they’re driving traffic away from their platform. But if you just create content that people want to see, if they’re interested in what you have to sell, they’ll just go out and find it, right? Yeah. or however. And that’s exactly the key point. The funniest thing about this video though, which actually made me and Alex laugh. Alex, my business partner, for those who don’t know that don’t know.

18:08
The funniest thing about this entire thing was the video was literally called, I’ve heard TikTok made businesses go viral. And basically he just shows like some product photography of the Pup Ring, you know, showing it around. Nothing too crazy. Like it wasn’t like a complicated, overly edited thing. It was just, oh, I’ve heard that TikTok makes small businesses go viral. And it did. And yeah, that’s where we’re at. That’s, that was literally the video. That’s why I laughed so hard looking back at that first TikTok video that he ever posted.

18:36
So is that like some sort of strategy by saying something like that? It’s like a self-fulfilling prophecy? Kind of funny enough. But here’s the thing, you don’t want to overdo it. We were doing this like a testing thing. From there, we learned a lot of lessons. It’s, the customers, don’t want to be feel like they’re selling, being sold something. You want to build a brand environment around it. So now our TikToks are more trendy, more following what people are doing. Initially, that was kind of like, we’re just testing things out, seeing what’s stuck. Now we’re focusing more on

19:05
branding the TikToks, looking towards following a lot of these trends, being like, oh, hey, what’s the latest trend? I’m not too much of a TikTok person, to be honest. I’ve been mainly focusing on the business side. I don’t use it as a consumer, funny enough. So let’s just walk through that. So number one, let’s say I have an e-commerce store and want to use TikTok. What are some things that you have done that have been successful? And what have you learned from doing this? Don’t be afraid to like…

19:33
put yourself out there. Because a lot of entrepreneurs like me, like we do our businesses online, right? And there’s no, there’s no reason to ever go out of your house. You can do everything from your basement or your college dorm or wherever you’re working from. one of the things you got to be a little bit more comfortable with is just putting yourself out there. Like TikTok is videos where you’re going to put yourself as the owner. You’re to have to let people know that, Hey, I am the owner of this business. This is kind of what I do. These are the products I’m selling. And if your idea and your prospect is unique enough, people will start gravitating towards you.

20:02
People will be like, wow, this is a cool idea. I either I resonated with it or I don’t. And that’s just kind of a risk or a chance you have to take. A lot of people like me aren’t really the most comfortable people. for me, it took a lot of energy to go to a geek out and all that stuff. Like when I was boarding the plane, I was like, oh, I don’t like this. Or I don’t know if I’ll be able to do it. Or I had lot of hundreds of things, hundreds of reasons of why I shouldn’t do it. I ended up doing anyways. And it’s kind of the thing, mentality you to have with TikTok. TikTok, you have to be prepared to put yourself out there.

20:29
show yourself, talk about your brand, explain what your business is to a lot of different people who don’t know or probably aren’t interested. But there are people that will be interested. Let’s talk about the nuts and bolts. Like how often are you posting? What types of content is working for you? Like what is your flow day to day with TikTok? So day to day with TikTok, ideally the goal is to post every day, but that doesn’t really happen. We try to post three times a week.

20:59
And there’s two different types of posts we go for. We have posts that are made especially to go viral. And here’s the thing, you can’t control virality. That’s just the number one thing we’ve learned. Because initially in our P &L spreadsheets, we tried factoring in virality as a metrics to keep our profit margin all that stuff. Doesn’t work, trust me. What’s sustainable is ads and running that kind of stuff. TikTok, if you go viral, it’s a good icing on the cake. You should definitely shoot for it, but you shouldn’t count on it to build the money for the business. That’s what we’ve learned. But nuts and bolts wise,

21:27
TikTok, do some viral videos. Ideally, we like to do like one or two viral videos in a month. is your definition of a viral video exactly? Basically, here’s what can do. Go follow some other businesses on TikTok. Follow business pages, see what they’re doing right now. And what you can do is you can see what posts of theirs are getting the most views. For example, I was actually watching this TikTok from a cookie company and they had this one creative that was awesome. I showed it to Alex. was like, dude, we need to create this. This is awesome. And one of what the creative was was,

21:56
They were basically showing off their different cookie lineups and like, Hey, we’re doing a cookie drop. not like, you know, they, they’re selling cookies normally, but they’re like, we’re doing a cookie drop. And I thought that it was so special. It’s like, how the hell are you going to mail out cookies to people?

22:11
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.

22:39
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.

23:09
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. Interesting. Okay. So is there any particular tick tock companies that you follow? I’m to be honest with you. I do not have any on the top of my head. Okay. I, if I remember that one, I, I, I’m trying to remember the name of that tick, that a cookie company, cause that one was really funny.

23:35
So I know for me, and I know you have your partner who actually does the organic TikTok stuff. Like for me, like I feel like you have to like consume TikTok content to really understand like what we’re even talking about here about going viral. For me personally, I’ve found very little, like the patterns are not very clear on when to, like what actually goes viral. Because I’ve had videos where people literally watched 50 % of it.

24:04
like all the way through and those did not go viral. And then I had ones where people watch like 20 % of it go completely viral. It’s almost like TikTok gives you a viral video every X number of videos, regardless of what the content is. I think in some way I agree with that because first off the content needs to be entertaining in some way, or form. But at the end of the day, it’s kind of like TikTok’s algorithm. The best way that I understood this is like it goes through different levels. Like first,

24:33
you it’s going to be shown to like maybe a hundred to a thousand people. And those people, they look at the engagement around that and then they show it to a bigger audience and then a bigger audience. And if the engagement rate stays true, then eventually it just goes viral. They put on the for you page for a lot of different people, which is great for organic reach, but it’s really hard for us to understand it. So the kind of what I’ve been realizing is think about it as Instagram. Like you guys, some of you guys might’ve known like Instagram or done some Instagram reposting for your own businesses.

24:59
If you go on Instagram, you know that there’s videos that go viral. You can literally look at them and you can see that they’re repost like 10 to 15 different times. The idea is to look at not that post and repost it, but figure out why that post went viral and, you know, put that element into your own videos. And that’s kind of what we’re focusing on right now. Okay. So I want you to share why have your posts gone viral? Like I know you’ve broken it down. I know your personality part just from hanging out with you that week. What have you learned? Why do they go viral?

25:28
Yeah, I mean, you just said like, you got to go and you got to look through which ones, like, can you see patterns with the ones that did go viral and have a hypothesis on why they went viral? So I’ll be honest, you know, we’re not, I’m not the biggest person that is TikTok space. My business partner, Alex is the guy who knows a lot more about TikTok. Okay. But for me, if I was to break it down to a science of why it goes viral, I would just say make it make the content interesting.

25:58
Like if people are interested in watching your video all throughout or it’s like grabbing their attention, like it’s the same thing as an ad, right? You have to have your hook. You have to have things that keep them interested. You have to have call to action at the end. It’s a very simple, straightforward, 10 second vertical video kind of ad. And the game plan is from what I’ve seen, my trends that I’ve looked at always, the ones that go viral, they always have a good hook. Like everything that I’ve seen has an insanely good hook. Just something to grab their attention and get them interested in the product. And then.

26:28
The next thing is then you explain the product. Doesn’t have to be like, oh, it’s shipped from, it’s made in Ohio and all that kind of stuff. It has to be something that explains the product or showcases the product in a cool and unique light. And lastly, the part that closes it is the call to action, of course. Tell them, hey, you want to get something, go to Puppering. Or sometimes you don’t even need to have a call to action. But if I was to break down to a thing that you need to look at, it’s follow trends and make sure your hook is good. The hook and the content.

26:56
Primarily the hook is the most important part. Getting people to watch the video altogether is what makes a good content. So I know Parth that you actually focus a lot of your time on the ads and I’ve actually never personally run any TikTok ads. Can you kind of describe the platform and how well it’s worked for you? Sure. So TikTok ads in itself, really cool idea, really great engagement. I’ve seen way better results in Facebook just on TikTok ads, which is crazy.

27:24
because everyone right now is thinking Facebook is the way Facebook you gotta do advertising on. Of course, we’re still doing Facebook ads, but TikTok, TikTok ads are completely different. I noticed that my CPCs, my cost per clicks on TikTok were literally half of what they are on Facebook right now, which I thought was hysterical. Can you just talk about what the differences are? Sure, sure. In terms of advertising, you get less metrics on TikTok just because it’s a newer platform, but it’s ideally a similar thing. Like it’s very similar to Facebook ads. If you can do Facebook ads, you can do a little,

27:54
Snapchat, can do Pinterest, you can do TikTok. It’s kind of the same thing. Ideally, you’re looking for the same metrics. You want a top of funnel, bottom of funnel, a middle of funnel kind of advertisements. Depending on your price range, you might not even want a middle of funnel. You might just want top and bottom. So for you, like what are some of the targeting options and how are they different from Facebook? Like are there lookalike audiences? Yeah, there’s still lookalike audiences. There still is retargeting ads. But primarily for us, it’s more of a creative game. Like we focus less on like the audiences, we focus more on the content because

28:24
What I’ve noticed in geek out and just in general is content is king right now. If you have better content, you’ll have better advertisement returns. are you implying that you just run your TikTok ads wide open? Not necessarily. There’s still some testing done into it. There’s still audiences. We still do lookalikes. There’s still a top of funnel and bottom of funnel. For those of you that don’t know top of funnel is basically just like prospecting bottom of funnels, more of like retargeting ads, getting people who’ve already viewed the content at all.

28:53
view the content, add to cart, initiate checkout, all that stuff, everything leading up to the purchase. How is your bottom of the funnel ads different than your top of funnel and TikTok? So we exclude people in our bottom of funnel ads. We exclude everyone that hasn’t viewed the product before. The only people that see the bottom of funnel are people that have clicked on the product, who viewed the product page, stayed on the page for a little bit longer. Then maybe we go more engaged and we get added to cart, we get initiated checkouts, everything up to the purchase.

29:21
And then sometimes bottom of funnel, you know, then not bottom of funnel, sorry. Sometimes you can also do like repurchase events. For us, we only have one product. So repurchase isn’t something we do on ads. We do that more in email. Right. But how does the creative different? Like you have these two segments, top and bottom. Like how are the creatives different for either? Oh, sure. Creatives. Creatives are different because like initially you have to have a lot more of a flashy. Well, first off, you think about for you guys, because everyone’s different.

29:49
You have to look at it as in why did this person not purchase? Sometimes you can survey your users after 15 seconds of them being on the site of what they’re looking for. Like what information did they not receive that would help them make that purchase? Ideally, what we can do is 15 seconds after them being on your site, have a little pop-up. You can do this in HotShark where it says, did you not, or what’s stopping you from purchasing today? And then have a few options of what you think it might be. If you have another option as well, just in case, because people might have a different reason, and look at that reason. Some people might say,

30:18
not sure about sizing. So what you do is then in your bottom of funnel ads, when you’re trying to retarget to these people, you want to have something that talks about the sizing. Shipping is another big one, because a lot of people are unsure about shipping. They don’t want to wait 30 days for their product. If you have faster shipping, then you can put that as a creative. It’s basically just like top of funnel ads are basically just getting their attention. And, you know, so some people they’ll convert, some people won’t. Ideally, you’ll have like what?

30:47
let’s just say 3 % conversion rate out of people that look on your ads. So people that click on your ads purchase all the way through, only 3 % of the people that clicked on your ads or clicked So I’m just asking you part of like, for your bottom-up funnel, are you just answering questions? Yeah, that’s ideally what it is. It’s basically the reason the consumer doesn’t purchase is because they don’t know something or they want clarification on something. And then eventually they’ll determine if the product’s good for them. So your bottom-up funnel TikTok ads don’t even look

31:15
Anything remotely like a regular TikTok then is what you’re saying. No, they still function as like a TikTok ad, but they’re very niche. Like they focus on different problems that we think the customer would be having. So give me an example. Like you said, sizing was a problem. What does your TikTok bottom of the funnel ad look like for that? Sure. So one of our videos that we have on our TikTok page is actually a sizing chart, how we explain to size the rings. What we do is we do something similar to that and the thing we’re like, oh, hey, here’s your pop ring.

31:43
And then we just talk about the sizing, and then we had the call to action at the end. We basically talk about how they can get their, how we have a warranty to make sure that even if it’s not accurate, they can make sure, they can send the ring back and we’ll get a resize for them. And just other stuff to make them more safe and secure with their purchase. We tell them, hey, you have a 60 day warranty when you purchase a ring. So if your engraving is bad or the ring sizing is not accurate, you can go ahead, you can send it back, we’ll replace it for free.

32:11
no problems, if you want a lifetime warranty, that’s also an option. We give them all these options of just explaining the product, explaining the benefits and just making it a customer focused business. So you said a couple of things just now. Does that imply that your bottom left funnel ad is actually a post on your organic TikTok account? No, no, no, sorry. I was using the post as an example for people to refer to. What you can do is people who are watching, you guys can go ahead, go to Pup Rings.

32:39
on TikTok, go ahead and go watch some of the videos. Those are great examples of what you can do to, you know, take your own business viral and look at what kind of things that we’re running. also said another thing that was very interesting. Are you running a pop-up that asks people why they’ve abandoned their cart? Yeah. So I’m not sure. I think it might be offline right now, but before we running a pop-up, just asking them 20 seconds after, you know, they’re on the site, they’re browsing. Maybe they scroll down. Maybe they didn’t, but 20 seconds.

33:06
on the right side, just a tiny little hot chart pop-up that says, hey, what’s stopping you from purchasing today? If nothing stops them, most of people just close out of it. But if something’s stopping them, yeah, so a lot of people, they look at this, they look at the… So is it kind of like a live chat? How intrusive is this pop-up? It’s just a simple pop-up. It just pops up on the right of the screen, just slides slowly in, just says, hey, what’s stopping you?

33:32
So it’s like a very interrupting one. Does it blank out the whole background and everything? No, no, no, no. It’s very small. So for example, if the page is 100%, this would only be taking maybe 20 to 30. It’s not too big. It’s very small. They can minimize it if they need to. I don’t believe in overlay pop-ups. The only time you have an overlay pop-up is to collect their email. And that’s the only time. I don’t like multiple overlays and all that kind of stuff. OK, so does this happen on mobile also? Yeah, it happens on mobile and desktop.

34:01
All right, so kind of walk me through how this works, because I’ve never used anything like this before. Walk me through it. So you’re asking, what are your main questions on this pop-up? Like, are there buttons, or is there like an open-ended so it’s buttons. So basically what we did was we set up with Hotjar. And Hotjar, if you guys aren’t using it, highly recommend you use it. You can watch what people are doing, fix bugs in your sites. Not sponsored, by the way. Just really love this app. OK. Hotjar basically gives you an option to enable a pop-up.

34:31
at whatever point you want. So for us, I believe we did it around like 20 seconds. Figure on Google Analytics, how long people are staying on your site for. For us, the average time for people to stay on our site, because we do have engaged traffic, I believe is like 30 to 40 seconds, because they’re reading through the product, they’re going through it. So kind of what we look at is we’re like, all right, on an average of like 20 to 30 seconds, we have that thing that says, what’s stopping them from purchasing today?

35:00
Because some people, they just want more information about the product, and your landing page might not have it, or it’s not too available at the top. And the pop-up itself is basically just, at the top, it’s just a small little what’s stopping from purchasing, and then there’s four bullet points with different options. So it’s like, oh, shipping too long. That could be the first one. Second one is engraving too small or something like that, just because our products are personally engraved, so sometimes engraving is too small.

35:29
It basically just asks some different questions. there another button? Yeah, and the fifth button is another button as well. So what happens when they click on one of these buttons? Let’s say shipping too long. Let’s say I click on that. Then what happens? It just says thank you for your feedback. And then we get to look at the person’s hot chart, what they were doing directly. So maybe you know.

35:53
you explain shipping, but it’s like at 75 % in the page. Like you scroll down 75 % and that’s where the shipping is. And maybe that person only scrolled to 50%. So their question wasn’t answered because they didn’t scroll far enough. That kind of lets you know, hey, maybe we should move this information up the page. So that way they see it when they first load it, or maybe we should do something else that makes this information more readily available. Because chances are somewhere on your page, you’re answering the question. It’s just people are impatient. They want to scroll through pages. They don’t really want to

36:23
take time to read unless they’re making a massive purchase, in which case you’ll have multiple retargeting pages and then they’ll have to get familiar with the product. Our goal as marketers is to basically convey the information as easily as possible to the people. And the people’s job is to, you know, purchase and make an informed purchase about the product. They don’t want to make a mistake and they don’t want to purchase a bad product. So it’s kind of like a balance where you’re trying to make sure they’re informed to see if they’re a good fit. Cause some people might love your product, but they might be out of market.

36:52
and some people might be in market but not love your product. Your goal is to try to find someone who’s both, someone who’s in market and likes your brand. Here’s what’s conflicting me about this pop-up. So do you have an email pop-up as well? Yeah, we have an email pop-up. So you run two pop-ups at the same time? Yeah, so the email pop-up shows up around, initially it was instantaneously, and then we had the second pop-up that collects the feedback at around the 20 second mark. Now we disabled the 20 second mark pop-up.

37:21
just because we don’t want to conflict with the email. So right now the pop-up’s not running, but normally we had an email collection that went within like the first three seconds of landing on the page, and then a second pop-up at 20 to 30 seconds that would say, oh, what’s stopping you from purchasing? Since we’ve already collected a lot of data and adjust our landing page, we don’t have that pop-up running anymore. But I highly recommend for people who haven’t done that, do that kind of pop-up. You don’t have to keep it there forever, but just a small time. Did you have a conversion problem that made you want to implement this pop-up?

37:49
Yeah, so we were focusing on all steps of the process. Ideally, from my knowledge, it’s like you’re supposed to get 10 % plus add to cart rate is good. Then in conversion rate, having ideally anything above a three is ideal. And obviously, industry standard is two, so even two is fine. Anything below is two, I would highly recommend. And at that point, we didn’t have a two. So that’s kind why we’re looking at this.

38:16
We’re trying to figure out what systems and what updates for landing page need to be pushed. That way get a conversion rate higher. Let me ask you this, Parth. When it comes to conversion rate, this is always a fuzzy number to me. Because I could have a ton of blog traffic come in. And I know that that conversion rate on that traffic is going to be crap in general. So which conversion rate were you looking at? Overall? Or were you looking at certain types of traffic? No, I was looking at overall conversion rate. Just because I like to look at it as in like,

38:47
Most of the traffic for the people that are interested in the product, they’re not interested in the product. The people that are interested are going to click on the Add to Cart page. And ideally, the point of the Add Cart pages is like the only reason they should be on the product page out of all the other pages is because they want to purchase the product. If they’re on the homepage, you know, they’re on the homepage just browsing, but the product page is just to inform about the product. So that’s kind of why I dive deep into those numbers because the product pages, only purpose is to sell. If they’re looking to learn more about a specific problem.

39:15
That’s not what the product page is for. It’s for- So you’re measuring the conversion rate after they’ve hit a product page then? Yes, after they So that’s a distinction. All right. So right, because there’s always purchase intent if they’re looking at a product page and then that’s when the pop-up only happens on the product page. Yes, correct. Okay. All right. So that’s important to know because you don’t want this thing flying on any page, right? Yeah, you only want it to be on like specific products and then making sure you get the information. How did you know which questions to ask? You don’t know what you don’t know, right?

39:45
Oh, no, to be honest, this isn’t like my strategy. This is like you said, you said I’m a genius before. I’m just a guy that likes to test things. I was actually told by one of the people that I’ve been learning from Deepish Mandela. He’s actually a really good advertiser. He’s the guy who actually he looked at pupper and he recommended this. I’m just sharing this with you guys because I thought this is very helpful for us. It actually increased our conversion rate significantly because understanding your customer is the best way to make ads. OK, wait. So from this survey.

40:14
What did you change exactly? We changed a number of things. We updated the customer photos. We made an engraving text above the product page. right above the product page is, sorry, not product page. What am I trying to say? Basically there’s a manual input where they can type their name in. And initially, they would type their name in. It wouldn’t show in the font that we’re engraving in. It would just show in a regular font. One of the things that a lot of customers were like was like, they want to see what the engraving looks like beforehand.

40:43
I don’t have crazy development tools. Now I do. Crazy development budgets. So I kind of don’t want to create an entirely new system. But I was like, all right, maybe what if we change in the font and they can adjust their name based on all that. So now what it is is it’s in the font that’s going to be engraved in. It’s accurate in terms of that. And eventually we’ll have it so it displays on top of a ring itself. And that way you get the most accurate depiction of what it would look like when they purchase a ring.

41:12
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

41:39
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,

42:07
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.

42:32
I want to kind of turn back to something that you said earlier. When people buy your product and you just have like one basic product, they buy one and they’re done. So what is your like post purchase sequence look like? How do you get, do you have repeat business or what are your plans on that front? Yeah. So right now what we’re doing is we’re kind of just focusing on pushing the pupper ring. Just the one product right now. Cause ideally we’re barely hitting your potential.

42:59
Last month we did a lot of ads, the month before that we focused on going viral. Now this coming August, the game plan is to push virality and ads both at the same time and make a push like that. Because right now we’re kind of all over the place. Me and Alex are kind doing a lot of the jobs and we’re at the strange point of business because the business is making money, but not enough money to hire out people to do all the other jobs. So the game plan for us is to make a final push, put in the 50 to 60 hour work weeks.

43:29
break above this glass ceiling which we’re at and then try to get to a point where now we have a lot more income coming in, we figured out our traffic channels. And our biggest issue, like I said before, was creatives. So now that we have a lot of creatives we can test, it’s actually a lot easier to above this glass ceiling. How did you solve your creative problem? We were initially going to do photography ourselves, but our game plan is we want to be testing creatives every week. We want to be testing as many creatives as humanly possible. So we worked with a service called Influey. They kind of…

43:57
go ahead, they take the photos for us. We basically tell them what specifications, they reach out to content creators and get us photos and content. And what we do is we go ahead and we approve or disapprove the content and then use it for marketing because we have the licenses for all that after. Interesting, so just give them the product and they go out and they find influencers to create content around your product? Yeah. And then you use those for ads. I know running ads is almost like a full-time job. Do you guys have a dedicated person for that or are you doing most of that?

44:27
So we did have a guy, his name is Andre. He currently does a lot of the ad buying for us, but I decided, you know, with the coming push that we’re doing in August, our game plan is to push the heights we’ve never done before. Like we’re going to go very heavily in August. None of us are ever going to sleep. 20 % Heavy on what, like ads you mean? Just in general, like fixing, we fixed a lot of the problems. So last month, the issue, every month I have a goal. So last month we didn’t have much content.

44:55
So because of everything we on, my buddy was getting married. Alex, congratulations by the way to Alex, just putting it out there on the air. He got married literally a week ago and he was in Cancun. He was gone for the entire month and I was flying here and there. August, everyone just sitting down, everyone on our team is just sitting down hyper-focusing on getting everything ready for a push to new heights we’ve never done before. You keep mentioning the word virality.

45:23
What does that mean exactly? What are you doing to go viral? What is your definition? Basically, it’s just about putting content out there. Like I said, we can’t control what content goes viral and what doesn’t. There are specific ways that you can follow a formula. Look at what works in the past or look at what works for other creators and then try to repeat something. But here’s the thing, that doesn’t always work. We actually tried doing a test where we reposted one of our posts that got 4 million views.

45:52
It went crazy viral and amazing amazing performance on that one video. We tried reposting it didn’t go viral at all. It was actually very very funny You’re talking about on TikTok right? Yeah on TikTok. I found that to be the same case like that’s why I think there’s almost like a random number generator in there. Somehow. Where if you haven’t gone viral a long time like I literally had this video that sucked go viral and it was just like the other ones that around it but it just I think it was just it’s time.

46:21
It’s hard to say. It was the chosen one. It was the chosen one. Okay, so outside, so it sounds like you’re trying to adopt like a be everywhere strategy in August, right? Like just blitz it with content and then get online share for your business, right? I’m taking more of a, like I said, we actually can, we talked about emails like a week ago. I was building up a lot of email funnels that way I don’t have to focus in August. I’m getting all the email systems finished now so that way when August comes, I dedicate my full attention to.

46:49
being the guy who edits content, being the guy who produces content and then runs the ads with it. And then at the same time, we have our media buyer who’s now working more on the TikTok side. I’m going to help him out with the Facebook, just getting content there. Since TikTok is performing really good right now, Facebook is not. And I want to get back on Facebook. We actually haven’t even been running Facebook ads for the last like four or five months. We’ve been focusing mainly on TikTok ads just because the cost per clicks, the CPMs, insanely cheap compared to what Facebook’s offer, especially with these

47:19
the iOS 14 and everything going on, it’s a lot easier to push TikTok ads. Now the one thing that you need to note, and this is super important to take note of, is TikTok, if your ad account gets disabled and it’s linked with your regular account, you will not go viral at all. Your engagement will be, it’s like being shadow banned on Instagram. Your engagement will not go anywhere. Huh. So does that imply that you should do your ads on a separate account? Maybe.

47:48
Maybe you should, but the thing is, is then you won’t be able to push organic traffic. Like our ad buyer was actually talking about how he was running ads for this one account. He got an account from a hundred followers to 30K followers in a month. This is an hour account, by the way, this is someone else’s account. Just by doing different ads on TikTok, linking the account and the ad account has a lot of pros, but you do need to be careful if you’re relying on organic.

48:17
And we got banned four times on face on TikTok, not because we’re doing anything wrong. Okay. But we honestly didn’t even know like we would get banned. We’d submit an appeal. The person would just approve the appeal. Now that we have a dedicated TikTok rep, it’s a lot better because now we’re not getting banned at all. The person’s like overseeing it before they shut down the account and they realized, okay, there’s no wrongdoing. We just get flagged because it’s a personalized product and stuff. Interesting. Okay.

48:43
So I mean, I can’t imagine you doing anything that violates advertising policies. You’re just selling rings. Yeah, we’re not doing anything too crazy. That’s good to know. Are you doing anything else on the other content front, whether it be YouTube, blogging or anything else? So we learned a lot of helpful information at Geek Out. Guys, I highly recommend going to Geek Out. Not affiliated, by the way. Just really love the information that I got. And they kind of showed me a lot of potential with YouTube.

49:10
I really love the YouTube Avenue that they talked about at the event. And I 100 % wanted to do some influencer work, but just not yet. I want to get the ads and everything on a stable footing because the ads are going to, ads are what brings sustainability, right? Like you can predict your CPMs as long as you’re churning out creatives, you have a system built out. You can predict your CPMs, you can build stable and predictable revenue. And that’s kind of what we want. Virality is all over the place. That’s not something we can depend on. That’s kind of what we made a mistake in the past.

49:39
was depending on virality for revenue. Definitely brings in a lot of conversions, and especially since it’s organic, you don’t have to pay any advertising on it, but it’s not something you should be relying on. And that’s kind of what we want to do. We want to build out the systems that way we’re not relying on virality at all. Instead, we use virality to complement our existing system. Because when you go viral, all of your CPMs and everything are a lot cheaper, which is funny. But then at the same time, you’re also getting an influx of traffic because you’re going viral.

50:08
And then eventually once we have a system built out, you I feel a bit comfortable stepping away from the ads. Uh, that’s when I’ll try to focus on like YouTube and influencer reach and then build out our systems, build out our channels. So part for anyone out there who’s listening and I know you’re 19, like what advice would you give them if they’re just getting started? Don’t be afraid to fail. Failure was something that I took a lot of, like it got to the point where my parents literally

50:36
They were just like, Parth, it’s time. You have to stop. You’re going to college. You can’t do the business anymore because I failed seven different businesses before I got a pupper ring. And, you know, whether pupper ring was luck or whether it wasn’t, it only happened because I would continue to persevere. Like I continue pushing forward. So one thing I would recommend is just keep going. Doesn’t matter who’s telling you to stop. Doesn’t matter where you’re at in life. Doesn’t matter if you don’t, if you know, you don’t have the finance, whatever.

51:04
I literally took out a credit card loan. highly recommend no one does this. Do not do this with your own money. But when pupperings started, I maxed out my credit card because I didn’t have the money to pay for ads. was like $1,500 credit limit on my Discover card. I maxed out the card because I was like, I gotta go, I got to do this. You know, it’s funny is like, think having a child like you of my own would freak me out. But at the same time, it does take some amount of

51:33
risk and experimentation to get to where you were, right? Yeah, a decent amount of risk, to be honest. A lot of risks that a lot of people might not be comfortable with. So I highly recommend have a job, have some income. I didn’t. I had a job and my boss is great. It just became too discriminant. I ended up having to leave. right. Well, Parth, I feel like I grilled you for 50 minutes.

51:59
But I showed you no mercy. I treated you like any other seven figure entrepreneur that I on here. I know your personality. We hung out so much during Geek Out. And you just have this attitude where it’s not working now. You’re going to keep at it until it works. And I think that’s the main attitude. That’s how I knew you were going to be successful at anything that you do. You’ve had seven businesses already. I don’t even have seven businesses. And I’ve been doing this longer.

52:28
You know what I’m saying? I just love your attitude. And I want to instill that in my kids somehow. And maybe after we stop recording, I can get the details on what your parents did to get you to this point. Or whether it was just inborn. I’m hoping there’s a little bit of nurture in there. It’s not all nature. Yeah, my parents, I’m going to be honest and with you. If it wasn’t for them, none of this would be possible. I love my parents and I thank them so much for supporting me. Because they definitely push back.

52:57
They were the voice of reason when I definitely needed it. And sometimes I didn’t listen to them. They told me to stop a lot of the times I really didn’t listen, which I’m grateful for. But there are other times when they’ve definitely given me really good advice. Like they were the ones that helped me move the engraving machine into the basement. I joke about it a lot how I kind of just stole the basement from them. But it was moreover, kind of, they started to see the vision that I had. They started to realize, know, hey, let’s let them try it out. And they gave me the opportunity to flourish. So honestly,

53:25
From the bottom of my heart, really just want to say thank you to both my parents. Cool. Well, Parth, I really appreciate you coming on the show, man. Thanks for coming on. Yeah, I appreciate you having me. I realize I’m probably one of the younger people and this might be a little bit harder to listen to just because I was all over the place today. were not. You’re very eloquent, actually. Stop sandbagging yourself. Stop. I don’t know you’re talking about. I was all over the place today. All right, Parth. Thanks a lot, All right. Take care, Steve.

53:54
Hope you enjoyed that episode, and I believe I mentioned this before, but I want my kids to turn out like Parth. The guy is driven, resourceful, and always finds a way to solve every problem. For more information about this episode, go to mywifecoderjob.com slash episode 383. 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.

54:25
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 abandon 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 we talk about how I these tools on my blog. And if you are interested in starting your own eCommerce store,

54:55
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.

I Need Your Help

If you enjoyed listening to this podcast, then please support me with a review on Apple Podcasts. It's easy and takes 1 minute! Just click here to head to Apple Podcasts and leave an honest rating and review of the podcast. Every review helps!

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!

382: Post-Pandemic Business Strategies To Focus On In 2022 With Andrew Youderian

Post-Pandemic Business Strategies To Focus On In 2022 With Andrew Youderian

Today, I have my good friend Andrew Youderian back on show. Andrew runs the Ecommerce Fuel Podcast and an amazing community of 7 and 8 Figure eCommerce entrepreneurs.

This episode is all about strategy. Specifically, Andrew and I discuss our post pandemic business strategies for 2022.

What You’ll Learn

  • What Andrew and I are going all in on for our businesses in 2022
  • Why you need to be on Twitter and TikTok
  • Why live events are back

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. Today, I have a very special guest, Andrew Udarian. And if you don’t know Andrew, he runs the Ecommerce Fuel podcast and a community of seven and eight figure ecommerce entrepreneurs. That’s actually one of the few podcasts that I actually listen to. And if you want to learn more about ecommerce, then check it out over at ecommercefuel.com. Today’s episode is about strategy.

00:27
Specifically, Andrew and I are gonna discuss what we are double downing on for our businesses in 2022 and beyond. 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.

00:56
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. I also want to thank Claviyo, who’s also a sponsor of the show. Now, are you 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 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 Chubbies, well.

01:25
They do it by building relationships with their customers from the very beginning, while also evolving in real time as their customers’ needs change. Now 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. Klaviyo empowers you to own the most important thing for any business, the relationship between you your customers and the experiences you deliver from the first email to the last promotion. To learn more about how Klaviyo helps you with your own growth,

01:54
visit claviyo.com slash my wife. That’s K-L-A-V-I-Y-O dot com slash my wife. And finally, I wanted to mention a podcast that I recently 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 onto the show.

02:30
Andrew Euderian. How are things going? It’s been a while. Good. It’s been a while. It’s good to to chat with you, man. Although I got to say you look a little sweaty over there on the other side of the, as Eric Bandholz would say, the interwebs. I just got back from my tennis lesson and I talked a little trash to my instructor. I had a really good game against my friend over the weekend where I crushed her and I got really cocky. So I told my instructor, hey, let’s play today. Let’s play today and don’t hold back.

03:00
And I actually started out really well. Cause I, you know, to be honest with you, I think I’m in better shape than he is. He’s, he’s a much better player, but like I can run faster. So I wanted the first couple points and then I started talking trash. I was like, yeah, get that shh. Oh, we don’t cuss on this podcast, but I said, get that shoot out of here. And then I started giving them the double guns and everything and then he got pissed.

03:22
This is your coach, right? Like he- coach, yes. We’re friends makes you think, well sure, sure, but he’s someone you’re, you know, were knowing you, you are not someone that would submit yourself to coaching unless someone was much better than you, you know, like any, any coach, right? Like you want it, they should be better than you. So what made you think you could just wall up your coach? The thing is I’m faster than he is. But speed doesn’t matter, apparently, if you’re not, if you don’t have the skills. Oh man.

03:52
I don’t know. So my goal is to just be able to take a game off of them. But after I started talking trash, I don’t think I won many more points after that. Yeah, you said you just stopped keeping score, which is, is anyway, I said, how badly do you get beat? You’re like, here’s how bad he won two points with in between the leg shots. Oh, wow. And he didn’t even have to say he just chuckled after he won those points.

04:20
You sure you’re faster than he is? I mean, you gotta have a decent amount of speed and like flexibility to be able to, you know, do an in-between backward shot. I was running back and forth, back and forth, and he was just standing still most of the game. Could I get his contact details? Would you mind just connecting me with him? think I might. We’re not here to talk about tennis today. You can make fun of me all you want. I get some video of this. That would be wonderful. I would be able to put that to use in many places over the coming year. But we are going to talk about business.

04:50
and what we are doubling down on. And me and you, I think we have different strategies, right? About what’s going on. Yeah, absolutely. I think this is actually really timely. have been apart from podcasting, I’ve been really bad at content the last couple of years for a of reasons, but just haven’t done as good. One thing I’ve always, and I’m gonna give you a rare compliment in public here, which is, know, given our little frenemy feud rarely do, but you, I’ve always been impressed that you do a really good job of consistently like,

05:18
blog post every single week, like bam bam bam bam. You put a lot of great content and I would love to get back to being more consistent on that. And so I’ve been thinking a lot about that, but I feel like it’s changed. I like the landscape has changed significantly in the last two to four years. Yeah, so I think it’d be, and I’ve been giving a lot of thought to how I want to try to, where I want to spend my time, which I think you have as well. So it should be a fun episode. Yeah, I don’t know how you want to start this. I mean, I guess I can start by saying what I’m not focusing on much.

05:45
Why would you be willing to start? Because I have a couple themes that are like informing all of my decisions on this. Do you have any thoughts? Like how do you think what’s maybe we can start with saying what’s changed for you or what have you noticed in the broader macro perspective and marketing online that has changed that’s making you kind of, you know, informing how you’re laying your strategy for content. And I’ve got some stuff from Thoughtstar as well. Yeah, well, let me tell you, I’m going to start by saying like, I never learned my lesson.

06:14
So let me elaborate on that. Back in the day, and I’m just gonna pick on Facebook for a minute here, I spent all this time building up my Facebook page, and then they took away the reach. And then the next thing that happened was Facebook Groups. I was like, oh, okay, the reach was much better on Groups. So I started a Facebook group and grew it to, I think, like 20,000 people, and then they took away the reach there too. And then there was Facebook Messenger. I jumped on the bandwagon for Facebook Messenger, made a lot of money off of Facebook Messenger for the last couple years.

06:42
And then they made it pay to play and a lot harder to get reach. And then that audience kind of disappeared. I keep falling into this trap of spending a lot of money and time on social media. then it gets taken away from me. And I feel like with Apple iOS 14 and 15 now with email, like Facebook is, like the advertising is much harder now. So I think I’m finally gonna learn my lesson and focus on things that I own more.

07:12
Yeah, I love the, this is not a plug for Klaviyo, given they’re a sponsor, but I love the owned marketing. I really wish I’d come up with that theme, because I think that’s super, yeah, I think it’s just gonna get more more important. The things that I’ve been thinking about are like, what are my unique advantages? How can I play in a way that other people can’t? When I think about that, I think I enjoy talking to people, I enjoy the podcast medium. I have a, in terms of kind of running the ECF community with the great team that I.

07:40
that we’ve got have access and have perspective on a lot of different e-commerce sellers, have an ability to like put some proprietary data together on that. So that’s one thing I’m thinking about, you know, making a better use of that platform. I think in-person is really important. Coming out of COVID, people want to get together. Relationships are always super powerful when I think about, I mean, I don’t have to go off on this. think anyone who is in business knows how.

08:06
super important and valuable relationships are. And so that’s something that you can’t, know, that Facebook and Google can’t really steal from you. The other thing that is a theme is I think brevity, I’ve always thought brevity despite the length of this answer has been something I really value and appreciate in other people. And I think that’s only increasing. Like people’s attention span is shrinking. When I think about blogs, I have not, I don’t go out five years ago, I might used to go out and read, sit down and spend.

08:34
10, 20, 30 minutes reading a blog. I don’t do that anymore. Much more of what I do today is much more like I need an answer to a question, how do I go get that information and the answer in as time efficient of a manner as possible. There are very small handful of blogs that I read, but very few. And so I think other people are like that too. think that how long your message is from a contra perspective needs short form, I think it’s going to do better going forward. I think it’s just…

09:00
depends on the nature of what you’re trying to research. Like I still read long blog posts if I’m trying to really get to know a subject. But I like what you said, like you had to focus on your strengths and I’m gonna give you a rare compliment here. Good Lord, what type of podcast is this? Like your strength, and I remember this when I first met you, is that you have a really good way with people. So like everyone who meets you, and I’ve been told this by many people, thinks…

09:27
think that you’re like the nicest guy that they’ve ever met. Have you ever heard that before? I have. I don’t think they know me very well. they hung out with me two or three times, they would probably change their mind. So but yeah, so it’s a skill that you should leverage. And I think events like the community, like you’re really good at building community. I mean, that’s definitely one of your strengths is definitely not one of my strengths. So yeah, doubling down on what you’re good at is always a good thing. Yeah, well, thanks, man. I appreciate it.

09:56
We’ll have to cut that part out. Like note to the editor, please cut that last segment. There was a counterpunch there. There was a joke. was thinking about queuing up at your expense. I was like, dude, I can’t hit him when he’s being so nice to me. What is happening to our relationship, Up is down, down is up. This is not normal. For people who haven’t listened to you long, a lot of you know this, but at ECF Live, I made a couple of jokes at Steve’s expense. He does the same at his conference to me.

10:22
And when we got up on stage to actually do like the Q and A for all the speakers at once, the number one question people submitted that got upvoted was why does Andrew hate Steve Chu? Yeah, that’s right. Anyway, this is, know, the universe is bending here. But anyway, we should, enough of the niceties. So what do you, like, what are you doubling down on? What are you focusing on from, especially from a content perspective, you know, kind of going forward? So let’s riff on what you just said, right? People’s attention spans are getting shorter. That is 100 % true.

10:50
So I actually, I actually haven’t told anyone publicly this, but people know I started a TikTok channel. we know Steve, we have seen the dances, the dad dances. Well, I mean, I took 12 months with the dance lessons just so I could start it. So I’m not going to let that money go to waste, right? Steve, I can tell you from seeing the dancing, you wasted the money. I’m sorry. Oh yeah. Well, what about that 50,000 subs, huh?

11:17
Say otherwise, that’s pretty good. Actually, I know I saw that that’s that’s impressive. So within actually, I would say six weeks, I hit like 20,000. And then I think I’ve been doing it for like seven months now. And I’m at like 50 something thousand, it’s actually really easy to build a following there. And I’ve been interviewing a lot of people on the podcast, e commerce brands that have been killing it on tik tok. So you know how things go in waves, like, you know how I talked about like, my journey with Facebook, I think

11:46
My philosophy now is a little bit different. I think you have to kind of catch the wave on certain things and just ride it for as long as they last. And I think TikTok is just really hot now. Who knows? Once it becomes saturated, maybe it’s not going to be the same. Maybe it’s going to take Facebook’s path. But right now it’s pretty easy to build a following on there. Yeah, I think there’s, I think there’s, I’m surprised we don’t have a word, you know, like growth hackers and things like that, all these, these totally overused words. I’m there’s not a field dedicated to just leveraging emerging technologies for marketing. And I think the people who are smart,

12:15
use it as a way to be able to build up your core community list, audience, whatever it is, customer base, but they don’t bank on it they have a model that’s more sustainable underneath it. What I’m curious on the TikTok side, because I have heard, yeah, I’ve chatted with a handful of people too that have seen real success with it. One actually person that is speaking slash spoke, well, this will probably air after it, at our regional event in Austin, built an entire business to a million dollars in about a year off of TikTok. How…

12:43
But I’ve also heard people say it’s really hard, it’s been really spotty, they haven’t seen a lot of traction on it. So have you seen, you’ve got the audience up, do the awesome dance moves, which is great. But do you actually see that translating into like email subscribers, people signing up for your course, people buying your handkerchiefs, things like that? You do. So here’s what’s surprising. And when I think of TikTok, it’s not like you overly advertise anything, you just entertain people. And when it comes to e-commerce, for example, if they wanna find you, they’ll just Google you.

13:12
Right? Or they’ll click the link in the bio, but more often than not, they’ll just Google and find you. Like it’s not hard to find someone from social media. And I suspect this is the case. I don’t know if it’s a hundred percent true, but if you like mention a URL or displayed on the screen, I think they detect that and nerf your reach. Like there’s been a handful of TikToks where I just experimented with that and none of those ever do well. Like they’re the worst performing ones and people want authenticity, right? It doesn’t even have to be complicated. It could just be like,

13:42
giving them a warehouse tour or something like that. People are interested. Yeah, interesting. So are you, how often are you publishing? Are you doing every day? I started out doing twice a day. Like in the beginning. And that’s not a pace I can sustain. So I’m now down to three times a week. I have a nice system now where I actually don’t use the TikTok app to edit. What I do is I just record something on my phone, throw it overboard to my editor, and then she edits it.

14:10
And we can talk about repurposing content here, but she’ll edit it and I’ll post it on TikTok. And then if it falls within 30 seconds, I’ll post it on Instagram reels, which is what Instagram is making you do right now. And then occasionally I’ll try YouTube shorts. I’m actually thinking about putting my YouTube shorts on a completely different channel altogether. Cause I don’t want it to accidentally ruin my existing channel. I haven’t heard of YouTube shorts. I mean, can guess the image. Why, do you need a separate? It’s why do you need a separate platform for shorts versus just YouTube?

14:39
So shorts, like every platform is promoting their short form video right now. And in the event that you attract a lot of subscribers that are just interested in your short form content, like let’s say I really did a dance video, right? And I attracted like 100,000 people who liked that dance video. Well, those people aren’t gonna be interested in e-commerce. And so those subscribers might actually hurt my channel, right? So if I’m gonna do shorts and.

15:07
And oftentimes when I do these TikToks, sometimes they veer off a little bit more random, right? I try to stick to the e-commerce theme, but sometimes it’s more random. I don’t want those people hurting my channel on YouTube. Yeah, that makes sense. And how long does it take? Last question on TikTok and then we can move on to other stuff. how long, when you’re doing it three times a week, how much time are you investing? Because obviously it’s all that’s on the phone. The production value is intended to be not, this isn’t Hollywood production.

15:34
Is it, is it pretty, are you, do have a pretty good flow down for being able to crank these things out? I can do one in like 10 minutes. Okay. Yeah. But mainly the reason why is because I have a blog of like 600 posts that I can just take a piece off of and turn into a tick tock. Right. Right. If I were coming up with things from scratch, it might take me a little bit longer, but it’s really easy to just pick up your phone and do something I made. So I’m trying to convince my wife to do tick tocks for bumblebee linens.

16:04
Like I had the whole strategy in my head. I just can’t necessarily be the one to deliver it, you know, cause I’m a Asian dude. Hacking handkerchiefs wouldn’t work as well. But maybe we’ll get someone to do them. It’s almost like, yeah. Did you say hacking and handkerchiefs? Is that what you said? No, no, no. I like hocking handkerchiefs is what I said. I know. I know. I’m just giving a hard time. Yeah. Yeah. You just pick up your phone. It doesn’t have to be professional. That’s the beauty of it. You can just pump these out.

16:33
Like if I, I might make it more of a priority actually going forward because I can do them quickly, but I just have a lot of other things going on which I have to prioritize and we’re going to get into some of these other things too. Cause cause you’re getting into them also. Yeah. Cool. So tick tocks one, my first one I’m doubling down on is, I kind of did a podcast previously on this the last couple of months with our new director of events, Audrey Smith, but his events like we’re, I mean, normally we’ve done.

17:00
one event per year, one meaningful event per year. this, in October of this year, we’re do two meaningful ones and next 2022, we’ll probably do, probably close to 10 major events between ECF Live and regional meetups and like adventure trips and stuff like that for our members. yeah. And the reason is like, I think when I look at our most powerful source of…

17:28
referrals to the business and also just value created for our members. It’s always in in-person stuff. Like that’s where people connect the most. It’s where they learn the most for their business. It’s also like word of mouth recommendations is a huge driver for our community. It’s also a great vetting way. Like if there’s someone who’s a great member and they refer someone, we trust them. Then, you by proxy, it makes a lot easier to vet that new member. Yeah. And so just events are really powerful. I also think coming out of COVID, like people are

17:57
Especially on the interesting to talk, we don’t know if we want to go to inside baseball with event planning, given not a whole lot of people listening this podcast are event planners. But you and I both do this, Steve, you have a conference as well. And, like we just signed the contract for our, our car, our event, ECF live this year in Norfolk. And it was a, it was a, it was rough this year with all the COVID stuff and contingency planning. And I think there’s, you know, and also even just think how do you do an event with all the different opinions about COVID and safety issues? Anyway, there’s a big barrier to entry right now.

18:25
But I people really want to get back together. And so I think for people who are willing to kind of brave those super choppy waters now to get a jump on that, I think there’s an advantage to be have. So anyway, long answer. I remember this conversation, but I think the year after, the first year I did Seller Summit, I had a talk with you about just running events. And I remember like our both sentiment was like, why the heck are we doing this? Why the heck are we this? Like, it’s not a whole lot of profit and it’s a ton of work. So for you, it?

18:54
Presumably you’re gonna make a profit off of this also, but I mean are there better ways to I guess you’re thinking longer term, right? This is better for the community as opposed to your profit Yeah, 100 % if we didn’t have a community of of merchants and that wasn’t the court, know the core part of our business then I would not be in the event business like Do we make money on a PNL from from the events that we do? know, you see off live and stuff we do but when you take into account the vast amount of time and energy and stress and work that goes into and the risk you take like

19:24
I mean, we just signed a contract for ECF Live and if we have to cancel the event, we’re on the hook for a significant amount of money. And with COVID, I thought it’d be easier to negotiate, but it wasn’t. Anyway, so you do make money, but there’s a lot of risk you take there. And the amount of time you put into it, no, it’s not a profitable enterprise. If we didn’t have a community that the event was really crucial and important for strengthening and building trust and connections, I would not be in

19:56
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.

20:24
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.

20:54
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. And there’s something that you said that was actually really important that I want the listeners to hear is that the barriers to entry are a lot higher. I think in my experience, like the harder it is for to do something, the better off you’re at in the end, if you’re willing to kind of brave through it. Totally. Like for example, never in a million years would I hire an event person and throw like

21:24
would you say 10 events a year? Yeah, it’ll be probably back to me. I would say the barriers to entry for that are pretty darn high for someone, right? Like, we’re not going to just wake up one day ago, okay, I’m gonna I’m gonna launch 10 events in a year. Yeah, I mean, it takes it takes lower. I mean, there’s crazy to do that. I really like the saying if you don’t have a hard part to your business, you don’t have a business right? Like, right? have some I mean, that’s it’s pretty self explanatory. But it’s it’s a good mo anyway, so events are what we’re doubling down on next year is my first one.

21:52
Steve back to you, what’s your second one on the list here? Oh, back to me, okay. So I’ve been experimenting with a lot of things. Let’s talk about own marketing a little bit since we were talking about that. Like SMS is just destroying it for me right now on both fronts. My wife quit and Bumblebee linen. So when I first started this maybe a year and a half ago maybe, I was still kind of lukewarm about it because I don’t like getting interrupted with texts from brands or whatever, right?

22:19
But I think that sentiment has changed in just the last year or so. Now I’m much more open to getting texts from the brands that I really care about, in addition to restaurants, hotels, like everyone is doing it, so it’s become part of the norm. And it works super well. Like it blows email out of the water, probably like 8X, I would say. Yeah, how do you, I still hate getting, I’m very binary, I like.

22:48
I really don’t like business communications or marketing on SMS. hate it. But I think you’re right. We’ll probably warming up to it. How do you, what’s the best way you found to get people on that list? Like, especially for like your, the My Wife Quit job. I mean, the hanky side of the things, Bumblebee Linens, it makes a little more sense. But on your, your My Wife Quit side, how do you, how do you get people onto the list for that? Yeah. So My Wife Quit, I try to get the email first because there’s a little barrier to entry there. And then I offer like a bonus lesson that can only be obtained with

23:18
text. Got it. And then whenever I give a workshop, I say you can’t get any of the free bonuses unless you subscribe via text. On the Bumblebee linen side, what’s worked the best is just giving away free product. So here’s what we do now. And this is something that anyone out there listening can do. We just go to our vendor, our existing supplier and say, Hey, what merchandise do you just want to get rid of for cheap? Right?

23:45
And then they sell us, I mean, they’re happy to get rid of it. And then we just give it away for free. The perceived value is really high. So for example, a handkerchief that we’re giving away on our site right now, the perceived value is like maybe 13, $14. But we actually paid 15 cents per piece. And so we’re giving away that free handkerchief in return for an SMS subscriber who’s then going to buy that free handkerchief. Like you can’t get the free handkerchief without buying something.

24:13
So they’ll go get that and they’ll buy something else and they’ll check out and they’re thrilled because they think they got something really valuable. Yeah. That’s smart. Do you do that as a pop-up before even people purchase or do you do it as a part of the purchase flow in, when people are checking out, where do you do it? It’s actually on every single page of the website highlighted in yellow. Oh, wow. Okay. Yeah. And what’s nice about text is like we have it set up as a two-tap. So if they click on it, it automatically opens the message app and then they just have to hit send.

24:42
And then they instantly get the link to the free handkerchief. Nice. Yeah. That’s cool. What, um, what are you mostly sending texts about? Because I think like you get it is different. You got to be a little more judicious with the texts that you send, especially in a marketing capacity versus email. So what are you, how often are you just blasting people and what kind of things are you, is it sales? Is it special promos? Is it more like new releases? What’s worked best for you? Cause I feel like being careful with what you send, like you, yeah, you just gotta be much more.

25:11
selective. Yeah, so this has taken a little bit to refine and I can talk about both businesses. So for Bumblebee, we at least text once a week. And usually it’s about like a new product release or a sale. Flash sales work really well. Like every month we discount something like 30, 40%. And it’s usually something that we want to just kind of get rid of anyway. And the flash sale works probably the best out of all the texts that we send. So we just rotate.

25:40
there’s like probably like six reasons that we text and we just kind of rotate them out. And occasionally if we’re releasing a new product, okay, so we just released, actually we haven’t sent this text out yet, but by the time this goes live, it’ll be sent. We just released, we had mother daughter aprons before, it’s like matching mother daughter aprons, but now we have daughter doll aprons. Like where you have a matching doll. So we’re just, would, when we launched that, we’re gonna text everyone who purchased an apron for their daughter.

26:09
And that’s just a natural way to, mean, chances are they have a doll also. And what do you, are you using Postscript or Klaviyo? We use Postscript. Yeah. You do. Okay. I don’t want to get into that since both of them are actually sponsors of the podcast of the differences, but yeah, I’m a huge fan of Postscript for text and I’m a huge fan of Klaviyo for email. Yeah. Awesome. So the next one doubling down is for me is podcasting. And this is one that, you know, I’ve been doing this for

26:39
Can I take some credit for this by the way? Cause you were gonna quit your podcast, you remember? Was I gonna the podcast? You were gonna quit your podcast. I don’t think I was gonna quit it. I took a sabbatical maybe four or five years ago. I don’t think I was ever gonna quit it though. Okay. Well whatever it was, I remember I said, what the hell are you doing? Like you were born with this voice for podcasting and you’re gonna take a sabbatical? Like what the heck does that mean?

27:05
I know, slacker. It’s all in the effects boards. You can get effects boards that make anyone sound amazing these days. yeah, think it’s easy to, I think some things is, I’ve been doing it for, just hit 400 episodes, I think actually more like 450 with some of the mislabellings and been doing it for eight years. I think sometimes it’s easy to, if you’ve been doing something a really long time, to get a little bit burned out on it. But I think what I’ve found is trying to identify, because I’ve been doing it more recently. I’ve changed some things up.

27:34
on the podcasting front that has made it easier to do it more consistently. First one was before I was doing like, I think we’ve talked about this, you kind of do them once a week, once or twice a week. And I’ve changed over to that because for a while I would block out a week and I would schedule like 14 podcasts and I would do them and I’d be done for like three months. But A, the content sometimes would get stale and B, I would just be a train wreck at the end. Like I’d come home and people would be like, hey dad, I’d be like, don’t talk.

28:03
me. I’m down. Right. was rough. But also some other tweaks in terms of being comfortable with asking kind of veering off of just the e commerce stuff. I got some feedback from thank you anyone in the community who gave me some candid feedback on this was helpful to try to get a sense of what people liked what they didn’t know one thing I found that was interesting was people weren’t as excited about the really in the weeds tactical stuff as I thought like

28:32
Which kind of actually makes sense like if I want to set up a Facebook ad campaign I’m not gonna do a podcast about it But if I hear some really cool story I think stories can be overdone on that especially the entrepreneurial front But if you have a unique perspective and it’s niche enough to a very specific audience I you may be like a separate bigger store owner people if it’s done well like that kind of stuff so I think podcasting still it’s much more competitive, but I think there’s still plenty of room for for for building connections for getting your name out there

28:59
And it’s an amazing way to connect with people. When I think about people that find out about me or the community or the business, you know, there’s probably at least a third of them are through the podcast. yeah, continuing, I think trying to take the long ball approach on that and changing things around that are that have been made up kind of hard is been useful. So I mean, I was just thinking to myself, like, who do I know personally, that I interact with on a regular basis, who’s willing to listen to me for an hour? I don’t know anybody, actually.

29:28
And yet here are like thousands of people, right? And those connections are made even though it’s funny, like when we go to events or whatever, people, at least people recognize me for the podcast and they feel like they know me because like the stories that I tell on there and everything, it’s sometimes awkward for me because I don’t know anything about the person I’m talking to, but they seem to know all these small facts. It’s just amazing the connection that you make with a podcast. Yeah, agreed. It’s super cool. So podcasting for me, what’s your next one? We got SMS TikTok for you. What’s your number three, Steve?

29:58
I would say YouTube and I want to get into Twitter at the end for sure, but YouTube, you know how we say podcasting, really deep connection. The problem with podcasting is that it doesn’t, it’s hard to get new listeners. Whereas YouTube’s the opposite. Google does a really good job of getting you new viewers and you have a similar connection as your podcast guests. Just it might not be as strong, but on the other hand, they can see you as well, which might be worse in certain cases, I guess.

30:27
But yeah, YouTube has been really good for me. Like I’ve been serious about it for like the last year and a half. And I built that up to 50,000 sub. That actually brings in a lot of leads and a lot of business. Wow. And do you, same kind of content? Well, I’m guessing you’re doing slightly different content from like TikTok. It’s longer form. Do you have, what do you think has been most effective for you on the YouTube? Obviously you’re doing not the content so much, in terms of, especially like calls to action, do you have strong calls to actions on that? Like kind of use the overlaid links or what do you attribute the most success to in terms of?

30:58
It’s a double-edged sword. It’s just like TikTok, right? If you try to guide people off, that’s going to hurt you. So ironically, and this is counterintuitive, but you want to keep people on YouTube. And if they want to find you, they will. By either Googling or they’ll look at your show notes. So have you seen a pretty dramatic increase in your direct traffic over the last, let’s say, year and a half between TikTok and YouTube then? It’s hard to say, but I do know that for the people signing up for my class, I’ll ask them.

31:28
And a lot of them now say that they found me through YouTube. Actually, they find me in a lot of places, but usually what closes the sale is either a YouTube video or a TikTok video, ironically. How does that close the sale? Like it, like they’re on the fence about signing up, they’re on the fence about signing up, but then they’ll see me on TikTok or some other platform, like a different platform than they’re used to seeing me on. And then that makes them sign up. I can’t explain it. I just know what I, from, from asking people.

31:58
Interesting. Do you find with a lot of your content, and this kind of bleeds over into blogging and the people’s shorter timeframe, like when I was going through on earlier this week and putting together a list of content topics to write on and create stuff for the coming months, and it was exclusively super long tail stuff, which is, mean, anyone who’s been in this game for a while knows that converts really well, but hyper long tail, like stuff that is only applicable to people running seven and eight figure stores. And so I was less concerned with

32:27
Hey, what’s the search volume here? It played into it, but that was not the primary thing. The primary thing was, this something that someone who is a perfect fit for our community would be interested in? For example, how do you pick an ERP system? Not great search volume. 80 % of the people who are gonna be searching that article are gonna be great fits for our community. So it’s much more focused on that. And then also with how competitive, more competitive search results have gotten, it’s nicer to have those shorter, those longer tail results that are keywords that are not as…

32:56
you know, not as top of funnel and people are competing for. But also like questions, like a lot of it was really hyper focused on trying to get answering questions, finding people that are looking for something. That was what was guiding my content approaches. How are you doing that on YouTube? Like, are you taking a similar approach to that? Or are you kind of just kind of looking through your archives, like you mentioned on the blog and just anything you feel with guiding your content strategy? as I mean, I don’t, I don’t have time to create separate pieces of content for each.

33:24
So literally it starts with a blog post that turns into a YouTube video. Sometimes that turns into a podcast that turns into a Tik Tok, multiple Tik Toks. Usually it also turns into Twitter. So, so for me, like I’m different, you’re, you’re, you’re trying to target like seven and eight figure sellers, right? Whereas for my content, I’m trying to attract people who are potentially just interested in e-commerce or they already run their stores, but they aren’t quite hitting the levels that they want. So

33:52
I think your strategy is correct. Like if you go after the ones that you know it’s gonna attract your target audience, it’s probably better. Yeah, because otherwise you might get a bunch of people that aren’t gonna sign up anyways, right? If you’re just trying to build that community. Yeah, you’re talking about podcasting and repurposing and I think, have you given, one thing I thought about for a while was trying to have someone take the podcasts that I’ve done and repurpose them into articles. I even used some services and tried this.

34:20
What I found though is that’s really stinking hard to go from a podcast and make it a really good solid blog post. It’s much easier to work from the blog post than like you’re doing smartly. Kind of create a podcast out of that from that very cohesive, coherent blog post. Have you had any success with repurposing podcasts? Because that seems like a really hard game. I have not had much luck, although I did rank number five for your name at one point. And I was going to use that against you because I could just turn that page into anything.

34:49
I’ve actually learned a tremendous I’m just gonna give a shout out to Jeff Oxford here I’ve learned a tremendous amount about SEO in just like the last six months We’re talking about stuff like digging into like Google patents and how things work. So it’s it’s a different game now and It’s almost this is what I don’t like about blogging as much anymore Like you almost if you want search traffic You almost have to write things in a certain way that Google wants even if it’s not your normal writing style You know

35:18
And then you have to ask the question is, okay, should I write this post because Google wants me to write this post and I’m more inclined to rank or should I write something that I really want to write about that might attract people to read it, but will never rank in search? Yeah, definitely different approach. I feel like it’s, you can do both. It just takes a lot of work to like think about the keyword. One thing I’ve always thought is an art is trying to write.

35:45
like titles for things that are keyword optimized, but also appeal to humans. that is a people that can, if you can do that well, you will have a job anywhere on the planet. Cause it, I mean, I’ve tried to do it and it just takes a lot of time to do that well. see, that’s the only case with blogging. Like with YouTube, like you want the clickbait titles. Like it took me like, it probably took me like a year to discover this, but if I come up with a clickbait title, it always does well.

36:15
Because YouTube is less keyword focused. The recommendations can take your video really far. Interesting. You gotta be a little careful though too, because I agree with you, good title writing is an art. You want some curiosity there, some interest to pull people, it’s copywriting. But if you’re too clickbaity, I think you lose a little credibility with people if you do it too much. If you’re trying to build a brand and all of your articles are clickbaity, yeah, you can kind of burn yourself in the intermediate.

36:43
Yeah, no, absolutely. I mean, there’s obviously a fine line. That’s what makes it interesting though. I mean, it’s a skill that always fascinates me. Dr. Robert Cialdini, he had a latest edition of the book. I actually just had it on the podcast. It an amazing interview. He talks about all these different situations on how to use these persuasion techniques for everything, whether it be titles, selling products. And I learned a ton from this new edition of his book. So recommend you guys go and get it.

37:12
Yeah, he’s a classic. I’ll have to pick that up. What you mentioned, Jeff and yeah, shout out to Jeff Oxford from 180marketing.com. Amazing guy. He’s actually the ECF SEO expert. He’s guys fantastic. What were the what were a couple of the things that you learned? Because I feel like SEO SEO is one of the things sometimes where people rehash and and change a little bit on the fringes. But you know, really, it’s about like links, good content, usability, like how long people say on your site, there’s kind of some fundamentals that haven’t changed a wild amount.

37:42
Was there anything groundbreaking that you’ve learned from him over the last six months that you were like, wow, this is totally new information or kind of in that vein?

37:52
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

38:19
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,

38:46
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.

39:12
Yeah, some of the things that are groundbreaking is he actually hired this guy. He’s from Turkey. And maybe you’ll have to have him on to talk about this, but basically he’s managed to rank sites with a lot of traffic without any link building whatsoever by structuring the content in a certain way. So I’ve actually adopted some of those techniques, just creating the right content silos and manipulating your existing page.

39:41
or ranked use, I should say, or link juice to the appropriate articles to help Google along and rank. it ever heard about like PageRank sculpting? Are you familiar with that? Like that old school term? I feel like I thought that was kind of a thing of bygone eras. And was this was this a brand new site that he used to rank or was this a site that had something? This Turkish guy has a ton of case studies where actually he just hit go on a site.

40:11
And within like a month, it already has like, I 10,000 visits a month or something like that. It’s crazy. Wow. Yeah. Um, there’s a lot of new things I learned just about like topical authority and I mean, you’re right. SEO gets rehashed and the fundamental principles that we all know about are still true. But if you can establish topical authority in a certain subject, then you don’t really necessarily need backlinks.

40:41
to rank. Interesting. I have to have him on talk about it. Or if you interviewed him, did you have him on a podcast when you look up to your podcast as well? I’m actually doing a case study with him right now where I’m using my sites as guinea pigs. And I’m going to just document everything that we’ve done. And we’ve done a lot. I mean, it’s like, I can’t even remember everything. We had this big master spreadsheet of all the things that we’ve done. And the thing is with SEO, you just kind of do everything. And then you just, you don’t know what you did, did what, as long as the trend is up, it’s all good.

41:11
So let’s talk about Twitter. Yeah. Yeah, this is an interesting one. so Twitter has been something I’ve been on Twitter for probably close to eight years, maybe more. And I’ve kind of come ebbed and flowed with how engaged I’ve been. I noticed recently, like, and shout out to Bill, Bill D’Alessandro. He’s a great follow on Twitter if you’re not following him at Bill D.A. But he would do some of these tweets that he’d write some tweet storms that were just, you know, they got insane traction.

41:42
And recently spent a little bit of time writing one up about kind of the state of e-commerce and added a few kind of stats from the community and a little perspective on a few things, a little opinion, some memes. And I think it was hopefully had some value in it, but it only took a couple hours to put together. Anyway, it got really good traction. It got picked up, people retweeted it. And it seemed in terms of like people finding out about, yeah, myself and the community, was very effective. Anyway, I thought that was interesting.

42:10
Twitter, especially if you’re B2B, is still relatively, it’s not nearly as good as it was five years ago, but it’s still, you can get through to your audience in a reasonable way. Although one exception I actually did try, I was curious, because that tweet did really well. So I was I wonder how it would work if I promoted this tweet, just see if it would, you know, how that would work. Yeah, and so I actually did a little experiment and was planning on spending two or three hundred bucks on it, just not very much at all. But I started promoting it and…

42:39
I thought Twitter would be smart enough to be able to send it to people who are interested in e-commerce and direct-to-consumer and digital marketing and things like this. Not at all. All of the people who liked it and retweeted it and engaged after the organic surge had died down and it was just the promotion, were all 67-year-old farmers in Nebraska or mothers of dog razor kennels in Florida or

43:09
people with like super left or super right political, like nobody, and it just seemed, and I don’t know if it was, I don’t know what was going on, but either Twitter’s algorithm was really bad or it was a bunch of fake accounts or something, but I was pretty unimpressed with the paid reach that in terms of the targeting on Twitter. And granted, I didn’t do like a, there’s different types of campaigns in Twitter. I think the advertising, if you actually put just in a, do an advertising campaign on there as opposed to a promoted tweet, the targeting is much better.

43:35
but yeah, was pretty underwhelmed with you. mean, can comment on that a little bit. Yeah, go for it. So by the way, I was not a Twitter believer. If you asked me this eight months ago, I would have said I’m not a believer. But a couple of things, I can’t remember who I talked to. Eric Su was one of them. He’s like, you need to be on Twitter. He told me that two years ago and I was like, oh yeah, whatever, Eric. And then I talked to Chase Diamond, if you guys don’t know who he is, he’s the master email marketer.

44:05
And he was like, dude, you got to be on Twitter. And I was like, okay, well, I don’t know anything about Twitter. And he’s like, okay, here’s my guy, try him. And I just had this benefit. just to be clear, like I’m doing a case study with this guy also about growing Twitter, my Twitter account, and he’s actually handling my Twitter account. He’s literally, he’s listened to a lot of my podcasts. He has all my blog posts and he’s watched a good portion of my YouTube videos and he’s just forming tweets out of those.

44:36
And what works the best are these, I can’t remember the term for it, but they’re like tweets that are like 10 tweets long. Do you remember what? It’s not a tweet storm, tweet, thread. That’s what it’s called a Twitter thread. And he’s just posting my content just kind of in this mini form and it gets a ton of likes and a lot of leads. There was one, there’s one Twitter thread that he posted.

45:03
that got me like 250 email subs per day for an entire week. It was nuts. Just purely organic? Purely organic. then like I was getting all these DMs, which I’ve learned to respond to, because you’re establishing conversations. On the advertising front that you were talking about, instead of advertising using Twitter, it’s better to just take someone with a huge Twitter following and say, hey, can I just pay you to tweet this, you know, like once a day or something like that? And that works better.

45:33
It seems like it’d be hard to find people. I… It like it’s working really well for you. I would have a really hard time outsourcing my Twitter because I feel like you’re building kind of your personal brand. are… I love Twitter. One thing I love about Twitter is there are people that you would never be able to get to reply to an email to you. But on Twitter, especially if you’ve built up a little bit of an audience or following there, or even if not a lot of times, you can reach out to them in their DMs and drop them a quick note and they’ll get back to you. Like in terms of access, it’s amazing.

46:01
I would feel weird having somebody. But it’s own content, right? It is, but somebody else’s, I guess it’s kind of like the akin to like if somebody is ghostwriting a book for you or not. It’s true. I mean, obviously you would never let me control your Twitter, for example. You know what? We could have a mutual destruction and have a day every year where we flip each other’s, we control each other’s Twitter accounts. That could be fun. So. But I’ve been shocked actually, which I’ve been pleasantly surprised with.

46:32
people on Twitter looking for business stuff. I think it’s a really good avenue for that. I’m not so sure about e-commerce though. I actually don’t, do you know a lot of e-commerce brands on Twitter? I wouldn’t say e-commerce brands. People don’t go there to, like if you’re thinking about like, you’re selling stuff or pushing content for sales. No, I think it’s much more. Twitter’s great for politics, for news, for marketing, for business, for startups, stuff like that. So I know a lot of e-commerce and agency.

46:59
people in the e-commerce ecosystem, owners or source providers on Twitter, the marketing of customers not so much. Yeah, yeah, that’s what I was discovering too. Yeah, you’re right about Bill. I actually follow Bill and presumably he writes his own stuff, but they’re really good. They’re like pithy, they’re really concise and they’re really interesting tweets. Yeah, he does a great job. I think it’s, yeah, think it’s, yeah, he does a really nice job with them. So at BillDA, follow him if you’re.

47:28
Yeah, think the secret to blowing up on Twitter is Twitter threads. to me, I write a blog post a week, you turn that into a thread, and everyone thinks it’s like the best thing since sliced bread. Right? Well, think part of it is because it makes you be concise, right? Like, if, if you can, people don’t have time, people are busy, they want to know that they want to know the forget the 80 20, they want to give me the 2 % 98 here, right? Like, what’s our read you have time for your 2000.

47:54
word blog posts, like what’s the top 5 % of this I need to know. think that’s why Twitter is good, especially if you can be kind of a little snarky, self-deprecating, if you can make it entertaining and like tie those two things together, I think things can do well. So I mean, this, this whole concept bothers me about society today. Like these quick things, like you don’t have time to do anything. That’s just not my personality. You know what mean? Like I’d rather delve deeply into a topic than just give me like the first

48:22
the quick five second version of it. Cause you can’t go into any amount of depth on any like TikTok, Twitter. mean, you’re not going to get any depth. YouTube is different. That’s why I like YouTube better. Agreed. And yes, in terms of commentary on society. Yeah. We should, we could do another follow up podcast about, know, why the systemic problems this may be pointing to. But I do think, I also think there’s something to be said for like from, as an exploratory, if you, if you’re looking to like, get a high level pulse on something quickly.

48:51
Twitter’s great. If you’re looking to kind of get up to speed on the latest news in a topic quickly, Twitter’s fantastic. Or like high level trends, interesting things. Yeah, I think those are great for that. If you’re in exploratory phase, yeah, Twitter’s fantastic. If you’re trying to become an expert, world class expert in email marketing, yeah, Twitter will get you kind of pointed in the right directions in the right places, but you’re not gonna get your email marketing, digital marketing, MBA from Twitter. Yeah, I I think of it as a big funnel like Twitter and

49:20
TikTok are like kind of top of the funnel. You get people interested. You’re a little bit more vague, high level. And then maybe they’ll graduate to YouTube or the podcast. And then once they sign up for your email list, those are like your true bottom of funnel people. Yeah. I’ve got one more here in terms of doubling down on, and this is more of an experiment, not sure how it’s gonna work. Don’t judge me until you hear me all the way out here because if I would have been in the judgment shoes for sure. we are traditionally, we haven’t, we’ve never done any marketing for

49:50
for e-commerce in terms of community members. We’ve always, partially because we haven’t wanted to grow super fast, partially because we’ve generally had a pretty reasonable pipeline of people coming in. But with the events that we’re building up this next year, we’ve selected some cities where we really want to try to invest heavily in the community there, a handful of cities based on just the fact that we have a good group of members there already and kind of a somewhat of a great base to grow from.

50:15
And to that front, like I want to be able to proactively reach out and try to connect with the e-commerce store owners in that city to help our efforts and buffer our efforts. And so for the first time ever, I’m going to try a little bit of cold outreach via email. And there’s a tool that I’ll be testing out called GrowBots. And it’s kind of a database of different direct emails. So you can go through, you can screen it. And it’s nice because it doesn’t just, you don’t just blast it out to a list.

50:43
It’ll pull for you, it’s a very curated list you can build and you go through, you set the criteria, pretty, pretty in-depth criteria on things. And then you can screen each email and each contact first to be like, hey, is this actually someone that I should be reaching out to or is it way off base? And then it helps you kind of follow up with them and maintain a healthy email list and all that kind of stuff. Anyway, gonna be trying that going forward on a limited scale and see how that works. But…

51:08
Yeah, so just to be clear, you’re not broadcasting. You’re literally curating a list and then emailing them individually kind of. Yes. And you mean, you set up some things where you can set up. You can set up some flows that make it a little bit easier, but it’s much more it’s much more customized and much more targeted. It’s not like, oh, hey, I want to be the email list of all of these, you know, all the people who own dogs in North America and you blast it out. It’s much more like a here’s a broad criteria. Here’s a list. can quickly see if if these people match it and then using

51:38
you know, you can email people kind of in a more efficient manner, but you know they’re high quality leads because you’ve kind of scrubbed them at a high level. so if I get an email from you that says, dear Steve, we would like to offer you free contents for your blog in return for a backlink. We won’t be doing that. Those are the worst, worst emails in the entire world. see how that goes, you know, who like chase, maybe you should talk to chase diamond. used to do a lot of cold email. Yeah. Um, and I think it actually works. It’s just,

52:08
hit or miss, right? It’s a numbers game, I think. I think it’s a numbers game, I also think it’s a partially I think it’s also a targeting game and a writing in a psychology game. I think there is a lot of art behind writing good outreach emails. I think people do it really poorly. A lot of 95 % of the emails you get are their cold emails are horrific emails. But it takes into account like if you need to think about psychology, keeping things again, going back to brevity, keeping things brief.

52:36
get to the point in one or two sentences, have a really strong value prop, kind of leave, you know, have some mystery in it, good subject lines. Like there’s a lot to, I love when I get a great cold email, I love it. It’s fantastic. But it happens so rarely that it’s an anomaly. So I think there’s a lot behind, you can do an entire course, I think, or training session, multi-day training session on writing good cold emails. I’m curious though, are you going to use personalization in these cold emails? Like are you going to

53:05
talk about their company? I definitely will test that. Yeah, absolutely. In terms of having some stuff where you look at them and and yes, we’ll absolutely test that. mean, for me, like a good cold email always involves them knowing something specific about me. Yes, that is beyond Steve. I love your last blog post titled exact title. Yeah, it was fantastic. I learned so much anyway. would. Yeah. Yeah. So if you do it like that, I’m sure it’ll work pretty well, actually.

53:36
There was this one, I think the best outreach email I ever got was this dude who just whipped out all these very detailed facts about me that he clearly had listened to a ton of podcasts or watched YouTube videos. And then he, I think he did like a whole case study on my site and how it could improve. And he put together like a video, like it was a lot of work, but it worked. I got on the phone with this guy. Yeah. Yeah. It’s, it’s, mean, it’s hard cause it takes a lot of, you can’t just, you know,

54:05
buying a list and 50,000 people and emailing them, yeah, you may get a couple hundred people respond, but you play the numbers game, you burn that list up pretty quickly unless you’re actually customizing it well. Yeah. So just anyone who gets an email from Andrew at ecommercefield.com, you might want to put them in your promotional folder now ahead of time. Thank you, Steve. Thank you, Steve. oh man, it feels even weird even mentioning this because it’s, know, it’s just like cold outreach. I you’re it like that, personalized.

54:35
I don’t really even consider that spam anymore. You know what I mean? Yeah. It’s gotta be highly personalized and relevant. yeah. Yeah. That takes a lot of work. Well, what any, we’re kind of getting close to an hour here. Any final kind of parting thoughts or stuff we didn’t cover in terms of things you’re doubling down on apart from smack talking your tennis instructor? I mean, if I were to summarize everything, like I’m just kind of doubling down on my personal branding because that’s something that no one can ever take away from me. And even if I decide to do something else outside of

55:04
selling manly handkerchiefs, for example, like just having that personal brand will allow me to do whatever I want. You’re doing something similar. I haven’t, it’s actually funny, I feel like I’m doing less about personal branding as much and more about just like targeted content for, really targeted for our community that is not beholden to other platforms as much. Have you, I’ve never seen you like, I think you need to do some like.

55:30
some modeling slash merchandising of the handkerchiefs. I’ve never seen you do this before, Steve, like a scissor reel of you and the hankies. I think that would be very cool. You know what’s funny? I’ve almost gotten to the point. So my wife doesn’t like doing any of that stuff. So I’ve actually almost gotten to the point where, screw it. I’m just gonna try to be the face of Bumblebee Linus and just see what the hell happens, right? I think you should do it.

55:53
There’s absolutely, there is zero chance I would do any memes or make any kind of, you know, any kind of entertaining repurpose material from this. I guarantee that wouldn’t happen. I would let, will give you as much feedback as you’d like. think that sounds like a great idea. I am going to, it is on my plan. Probably the first of next year, it’ll probably be the year of TikTok for Bumblebee linens. I’ll just put together a strategy. We’ll just probably batch film, kind of like how you do your podcasts in the old days, where I’ll just batch film like, you know, three months worth and then just.

56:23
schedule them out. That’s the plan. Yeah. All right, Andrew, thanks a lot for coming on. You’re right. I think usually we make fun of each other, but I think I’m just tired from my tennis lesson. So I wasn’t really on my game today. But if any of you enjoyed this interview with Andrew, then you should go to ecommercefuel.com and check out his community of seven and eight figure e-commerce entrepreneurs. I know that when I started my online store, it was a very lonely process.

56:53
And so if you want to find a community of vetted entrepreneurs where you can kind of bounce ideas off another, ask questions, share like war stories, I highly recommend the forum. I believe I was one of the charter members. Is that right, Andrew? I think you were actually. Yeah. I’ve been with it for long time.

57:13
Yeah, you haven’t logged in though recently though, because otherwise you would have noticed that your account has been restricted due to inactivity and general bad behavior. But I mean, I’m sure when you were in there a year ago, it was great. So obviously, you know your friends aren’t in your community when they don’t mention it when you ban them. And then Andrew also runs a bunch of events. Like the flagship one is going to be in March in Norfolk, Virginia. That one’s only to community members though, is that right? It is, yeah, it’s just for community members. Okay, yeah.

57:42
If you become a member of the community, which I encourage you to join, then you can go to this really incredible event that’s held once a year. Uh, actually 10 times a year now, right? But those are regional events, right? Yeah. Our big one is ECF live that we have for community members, but doing a lot more stuff. Most, almost all of our events are for, for community members, because it’s, we’re trying to, yeah, just build a great community of people who know each other and trust each other and can help each other. But, um, yeah, most, almost all the events are for, for community members. So, and if you enjoy listening to his smooth, buttery voice,

58:12
He also runs an awesome podcast over at eCommerce Fuel where he brings on entrepreneurs also. he he talks a little bit, I would say more about the psychological aspects, right? Of entrepreneurship, you’ve been branching out to that as well. Yeah, I don’t know. I think it’s fun to talk about things that a little bit, not directly eCommerce, but like, do you balance family and business? How do you, know, did one recently on like living in two places, did another one about like, did some of the stuff that’s not that entrepreneurs

58:42
deal with as well as opposed to just setting up Facebook ads. Yeah. Well, Andrew, thanks a lot for coming on, man. Always good to have you. Yeah, this is fun, man. Always love catching up and giving each other a hard time. A few people I enjoy ripping on and having rip on me as much as you, so it’s always fun.

59:00
Hope you enjoyed that episode and if you enjoyed listening to Andrew today, go over to ecommercefuel.com and check out the podcast on your favorite podcast app. For more information about this episode, go to myvotequitterjob.com slash episode 382. 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 abandon card sequence, a post purchase flow, a win back campaign, basically all these sequences that will make you money on autopilot.

59:27
So head on 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 can sign up for free over at postscript.io slash dv. That’s P-O-S-T-S-E-R-I-P-T dot I-O slash dv. Now I talk about how I use these tools in my blog,

59:57
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.

I Need Your Help

If you enjoyed listening to this podcast, then please support me with a review on Apple Podcasts. It's easy and takes 1 minute! Just click here to head to Apple Podcasts and leave an honest rating and review of the podcast. Every review helps!

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!

381: The One Strategy That Helped Me Make My First Million Dollars

381: I Made My First Million Dollars By Following This Simple Principle

In this episode, I reveal a simple principle that you can apply that will drastically improve your life.

When I started doing this, I was able to quit my job and make my first million dollars.

What You’ll Learn

  • What I discovered about human psychology that changed everything
  • How competition makes us stronger
  • The 2 lists you must create right now to prioritize your 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.
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. And today I’m doing another solo episode to talk about money philosophy in a series that I’m calling Chu Fushis says, which is named after the famous Chinese philosopher. Now my solo episodes continue to do very well. So I’m going to sprinkle them in from time to time along with the interviews. And in this episode, I’m going to talk about a very simple principle that when implemented,

00:28
will fundamentally change your life. And in fact, once I started doing this, I quit my job and made my first million dollars. But before I begin, I want to thank Klaviyo for sponsoring this episode. Now I’m super excited to talk about Klaviyo because they’re the email marketing platform that I personally use for my e-commerce store. And it depend on them for over 30 % of my revenue. Now you’re probably wondering why Klaviyo and not another provider. Well, they’re 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 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.

01:24
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. 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.

01:50
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 C R I P T dot I O slash Steve. And then finally, I wanted to mention a podcast that I recently released with my partner, Tony. And unlike this podcast where I interview successful entrepreneurs in e-commerce,

02:20
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 Could Her Job podcast. In this episode, I’m gonna talk about a very simple principle that you can apply that will drastically improve your life. And in fact, when I discovered it, I was able to quit my job and make my first million dollars with my businesses. Now I’m a self-motivated person and an independent thinker, but I’ve discovered over the years that my actions are directly shaped by the people that I see the most. So for example, when I hang out with someone who goes out all the time,

03:12
I go out all the time. When I hang out with someone who is fat and out of shape, I become fat and out of shape. And when I hang out with someone who is fiercely driven to succeed, I’m motivated to succeed. Now, even my wants, my needs, and my desires are heavily influenced by my peer group. So for example, before I started my two online businesses, the Steve that just graduated from college wanted to start a high tech startup company that would go public and make millions.

03:41
I wanted to drive an Audi A4 Turbo. I wanted to buy a gigantic house in Palo Alto where all my friends could crash and throw parties. I also wanted to own all the latest computer equipment and gadgets as soon as they came out. But looking back, why did I actually want those specific things? Well, I wanted to work at a hot startup company because that’s what all of my friends were doing. It was the cool thing to do. I wanted to drive an Audi A4.

04:07
because it was the dream car of a girl that I liked back in college and she would have been pretty impressed. Now I wanted to live in Palo Alto because it’s where my friends wanted to live. And I wanted to own all the latest gadgets because my friends are geeks and love tech. Now I’m not a follower or a lemming, but once I realized this about my personality, I made some very simple changes that drastically improved my life. So this podcast is going to be about my story.

04:36
First off, I want to say that I’m blessed to have very successful friends who have propelled me forward at different stages of my life. Now during my high school years, I hung out with a bunch of geeks who really cared about getting good grades. So I got good grades and I got into Stanford University. And then at Stanford, I was surrounded by other successful and driven kids, which pushed me to pursue a career in electrical engineering. Now the hard part is finding the right people to push you in the direction you want to go at your specific stage in life.

05:06
And if you’re feeling stuck, chances are that your current peer group is probably the wrong fit. So for example, it took me about 20 years to realize that my immediate friend group from Stanford was not the right group for me in terms of starting my own small business. After all, here in the Silicon Valley where I live, it’s all about funded startups. Hey Steve, I just raised 10 million bucks at a 50 million post. Steve, I’m pulling 80 hour weeks right now, but my company is on the cusp of a huge payout.

05:35
Hey Steve, I can’t wait to tell you about what I’m working on. It is the next big thing. Well, when I graduated from college, I thought that I wanted to start a venture-backed startup because all my friends were starting their own companies. And what happened was, is that my friends desires became a model of my own. Now as humans, we tend to imitate what our peer group wants because it becomes a symbol of success among your community. Now I noticed this recently during the pandemic that all my friends were remodeling their houses.

06:05
Now, is that a coincidence? Is it a coincidence that all of my friends own a Tesla? Well, here’s the thing, we all want what our close friends want. Now, when you surround yourself with like-minded peers, you start subconsciously competing with each other and wanting the same things. Now, it’s a little bit twisted, but sometimes we need our friends to want something first in order to want it for ourselves. If you don’t have a peer group to model yourself after,

06:33
your motivation will slowly start to drift. So for example, when my wife and I first started our handkerchief business, none of our friends thought anything of it. They didn’t think it was cool and many questioned whether the business was worth our time. And now why is that? Well, it’s because my Stanford friends were too busy taking venture money to start the next billion dollar company. Including a lifestyle business to spend more time with family did not interest them one bit. And granted,

07:01
HankerChirps is not sexy, but small business, not interesting. So as a result, my wife and I considered shutting down our business on several occasions because starting a hanky business wasn’t cool within our peer group. Now I’m really happy that my wife and I stuck with our business, but it was actually an extremely lonely process. And we didn’t have anyone to share our successes and our failures with. I also had a similar experience with mywifequitterjob.com. I remember at the time, this was 2009, none of my friends believed

07:31
that blogging could possibly make any money. So they regarded my blog as just a fun hobby and a passing fad. Yo Steve, how’s blogging going? Make any money yet? Well, early on, my blog did struggle to generate traffic. And I was actually fairly close to quitting until I attended my first in-person conference called FinCon. It was actually at FinCon where I met a few key people who fundamentally changed my way of thinking. Immediately,

08:01
After attending FinCon, I became more motivated than ever to succeed. I met people to share my successes and failures with, and I learned new strategies to apply to my own businesses. And in fact, my FinCon peer group was responsible for turning Bumble Bee Linens and mywifecoderjob.com into the seven figure businesses that they are today. Now, how do you find your own version of FinCon? Well, you’re going to want to follow these steps to make forward progress with your business. So the first thing that you should do,

08:30
is to hang out or follow successful people. Now, the hardest part of this process is realizing that you’ve outgrown your current peer group and that you need to make new friends. Heck, it took me over a decade to realize that I needed new people in my life. And if you find that your friends and your family aren’t being supportive, or if they’re constantly questioning your actions, well, it’s time to make new friends. For example, if you are determined to get into better shape and lose weight,

08:58
then don’t hang out with friends who are constantly inviting you to get dessert or boba tea. Now, thanks to social media and the internet, it’s actually easier than ever to find like-minded people with your same goals and aspirations. Do a Google search, use Instagram or start watching TikToks, go on YouTube to find people who inspire you. Then, break down what they’re doing in their daily lives to achieve the life that you want to achieve. For example, I’m into tennis and I follow the TPA Tennis YouTube channel,

09:27
because I want to learn the exact techniques the pros use to become better tennis players. People follow mywifecooderjob.com because they want to learn how to spend more time with their family and their loved ones. Now, my readers and listeners have no desire to start the next billion dollar company or work their butts off at the expense of family and friends. They want to earn enough money to give them the freedom to do whatever they want, whenever they want. And even though following people virtually through social media is a great start,

09:56
much better way to meet your people is by attending in-person events.

10:03
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.

10:32
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.

11:01
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 over the years, I’ve actually met most of my close friends through conferences like the Seller Summit, FinCon, Social Media Marketing World, Ecommerce Fuel, and a bunch of others. And most of you don’t know this, but I actually started this podcast for the sole purpose of meeting new people.

11:27
And by running an interview based show, I’m actually forced to chat with someone new for one hour every single week. Incidentally, if you want to meet people running six, seven or eight figure e-commerce businesses, consider attending my annual e-commerce conference, The Seller Summit. Now, once you’ve found a group of like-minded people, form a mastermind group. A mastermind is a cohort of three, six people that meet on a regular basis to hold each other accountable for making forward progress, to bounce ideas off one another,

11:57
and to motivate each other to take calculated risks. And ideally, every member of your mastermind group should share the same goals and desires so you can psychologically push each other forward. Now, over the years, I’ve actually belonged to many different mastermind groups and they’ve all been instrumental in pushing me out of my comfort zone. In fact, just the mere presence of other successful people will inspire you to take action. After all, we are all heavily influenced by our peers.

12:24
and you’ll find yourself subconsciously imitating greatness. You’ll find yourself breaking through artificial barriers that have been in your head this entire time. So for example, I never thought in a million years that I could create a seven figure business without hiring a large team. But once I saw my friends doing it, I knew that it was possible with the right systems in place. Now the fastest way to grow is to just talk with someone who has been there before. Now, after you found your people,

12:54
Do not get carried away. As I mentioned earlier, a byproduct of surrounding yourself with successful people is that you’ll start wanting the same things and it’s easy to get caught up in the competition. Now, even though I love my small business entrepreneur friends, they sometimes push me beyond where I want to be. So for example, I have several colleagues in the e-commerce space who are just killing it online. They set a great set of goals, work their butts off, and they’re all rewarded with great success and money. However,

13:23
They don’t have kids, a family, or similar priorities that I do. The goal of running my businesses has always been to spend more time with my loved ones. But deep down, I actually want to achieve the same levels of success as my peers. And there have been times where I’ve been guilty of trying to keep up with them by sacrificing my health and my friendships just to make more money. Now, there’s no such thing as the perfect peer group or the perfect mastermind.

13:51
And you’re just going to have to distinguish between your true needs and your true wants. Now, when it comes to my businesses, I have to constantly remind myself that I already make more money than I spend. My businesses are a tool to spend more time with family. Making more money will not make me happier and I can already buy anything that I want. Busting my butt to make more money than my peers is not a good use of my time or my brain power. So bottom line.

14:20
you have to understand your true desires and your true purpose. Is your purpose in starting a business just to make money? Or is it to provide you with the freedom to do whatever you want? Do not get caught up in the competition. Now, the single most important change that you can make to propel your business forward is to find the right peer group. And it’s been over a decade now since I started my first business, but I will never forget how lonely it felt. After all, it’s hard enough

14:49
to start a business from complete scratch with no experience. But if your friends and your family are talking you down at the same time, it makes it much more difficult. Jim Rohn once famously said that you are the average of the five people you spend the most time with. And when it comes to relationships, we are greatly influenced by those who are closest to us. We want what our friends want, we want what our friends own, and we want what our friends have achieved. So if you spend time with deadbeat friends,

15:18
who aren’t going anywhere in life, well, guess what? You won’t get anywhere either. But if you find people who want what you want or have achieved what you want to achieve, you will feel energized. You’ll gain confidence, you’ll feel motivated, and then you can use this energy to propel yourself forward. So I want you to follow these steps right now. Take a Google Doc and make two lists. List number one should contain friends or influencers who are living a life that you want to live.

15:49
Meanwhile, list number two should contain people who are holding you back from your goals or people who are just giving you negative energy about what you’re doing. Now you don’t have to completely ditch the people on list number two, but you need to distance yourself from excessive negativity. Meanwhile, find out where list number one hangs out and meet as many like-minded people as you can in person. Then with these people that you meet, form a mastermind group, meet regularly,

16:17
And I can almost guarantee that will transform your life and your business success. Hope you enjoyed that episode. Now, my solo episodes always take a long time for me to put together, but I’m always open to feedback. Do you agree or disagree with what I’ve said? Feel free to send me email at steve at mywifecoupterjob.com or just DM me on Twitter. More information about this episode, go to mywifecoupterjob.com slash episode 381. And once again, I want to thank Postscript, which is my SMS marketing platform of choice for e-commerce.

16:47
With a few clicks of a button, you can easily segment and send targeted text messages to your client base. 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 abandon card sequence, a post purchase flow, a win back campaign, basically all these sequences that will make you money on autopilot.

17:15
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 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.

I Need Your Help

If you enjoyed listening to this podcast, then please support me with a review on Apple Podcasts. It's easy and takes 1 minute! Just click here to head to Apple Podcasts and leave an honest rating and review of the podcast. Every review helps!

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!

380: The Latest Crackdown And How Amazon’s Practices Are Killing Your Business With Mike Jackness And Dave Bryant

380: The Latest Crackdown And How Amazon's Practices Are Killing Your Business With Mike Jackness and Dave Bryant

Today, I have 2 very special guests on the show, Mike Jackness and Dave Bryant. Dave and Mike run the Ecom Crew podcast where they help other entrepreneurs grow their Ecommerce businesses. Be sure to check out their show on your favorite podcast app!

In this episode, we cover what’s happening on Amazon right now and how it’s silently killing your ecommerce business. Enjoy!

What You’ll Learn

  • How to succeed in Amazon today
  • The future of black hat practices on Amazon
  • The state of rebates on Amazon

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 Clutter 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 have two very special guests, Mike Jackness and Dave Bryant. And if you don’t recognize these names together, they are the e-comm crew where they help other entrepreneurs grow their e-commerce businesses. Now, both Mike and Dave run the e-comm crew podcast, which is actually one of the few podcasts that I actually listen to. And especially if you sell on Amazon.

00:27
you should definitely check out the e-comm crew podcast on your favorite podcast app in order to stay up to date on Amazon and the latest e-commerce trends. Now right now, Dave, Mike and I are recording this episode in Palm Springs, California, where we’re at the Indian Wells tennis tournament. And in this episode, we cover the state of selling on Amazon right now, what Amazon is cracking down on, what is black hat, what is white hat, and how to succeed on Amazon today. But before we begin, I want to thank Postscript for sponsoring this episode.

00:56
Postscript is my SMS or text messaging provider that I use for ecommerce 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 ecommerce 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 dev. That’s P-O-S-T-S-E-R-I-P-T dot I-O slash dev.

01:26
I also want thank Cleview, who’s also a sponsor of show. Now, are you 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 in a way that gives you the time to work on the rest of your business? And do you 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.

01:54
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.

02:24
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. Now onto the show.

02:53
All right, what up fellas? Here we are recording live from Palm Springs. The three of us, the full e-comm crew, Dave, Mike and myself. We attended the Indian Wells tennis tournament. Mike, according to you, it was kind of empty, right? Yeah, it’s kind of sad. I mean, I’ve been here in years past and we’re here for finals weekend. it’s Friday, Saturday, Sunday, which is like quarter semis and finals. And usually those sessions are completely full. And I we were trying to guess maybe during the semis yesterday.

03:24
What do you think about 30 40 percent something like that? Yeah, probably like that. Yeah Good thing is we’re not actually here to watch tennis We’re actually here to record the podcast which is the main purpose of this entire trip and by we mean me and you like Dave’s not really necessary for this well, you know Dave was the reason why I came out in the first place because I I always hear from you I never hear from Dave in fact, you’re monopolizing the mic right now. I don’t even want to take it out of my hand here I’ll pass it off today. Let him say something So Steve

03:51
did not have the foresight to bring three mics. So we’re sitting here sharing two mics and of course I never get in the microphone, but hi everyone. This is Dave. Yeah, it’s been a great tennis tournament. Obviously the Canadians not being able to come down here except for me has really impacted attendance because like Mike mentioned, there’s only about 30 or 40 % attendance. And I guess in previous years, the other 60 % are made up by Canadians. So I’m here on my own representing Canada. Yeah. I mean, Dave is the face VCOM crew. Mike is the voice VCOM crew for good reason.

04:21
I grew up on the ugly tree and fell out of it and hit every branch on the way down. What do want me to do? It’s not my fault. Well, what we’re going to be talking about today is I guess the future of Amazon e-commerce. It’s kind of a broad topic. Translate it into we need an excuse to write this trip off. So I don’t know where you want to start with this. Should we talk about what happened recently in the last couple of days? Yeah. mean, it’s been an interesting trip. I woke up one of the mornings here and…

04:49
had messages from elite seller and Rebakey that they were being shut down by Amazon. It’s kind of a crushing blow to our friend Ian who we’ve known for long time, done a lot of traveling with in China. It reminds me very much like the day in poker when we were doing online poker at Black Friday. So I messaged Ian to kind of console him. It came out of left field. I don’t know that they’re really doing anything wrong.

05:16
Amazon seems to have gotten a bug up their rear end because the FTC I think is pushing back on on reviews and you you can make an argument that maybe there’s a wink wink that if you get something from rebate key that you’re expected to a review, but not really. I mean, I don’t know. I mean, it’s definitely not a part of terms of service. So I don’t know. think Dave has something he wants to say about that too. Yeah. And so the backstory is rebate can lead seller that basically had their API privileges removed from Amazon. So basically

05:44
Elite seller and rebate key right now cannot tie into Amazon to get different information regarding a seller, uh, like they had been using before for the API. What they seem to have been shut down for. is my understanding is kind of traffic manipulation and, uh, basically using some type of URL to trick Amazon into ranking products better. And this was the most surprising thing. This is really what happened. And this is all a kind of hearsay right now. Nobody really knows the whole reason why.

06:12
Amazon shut down their API privileges. If this does turn out to be the case though, that Amazon is just worried about people using different kind of manipulative links to rank better on Amazon. This is the first time I’m aware of Amazon really taking any action against either a seller or a SaaS product for just trying to trick the algorithm. Most of the suspensions, as far as I know, have been typically in the review space, so manipulating reviews. And Amazon hates people manipulating reviews because

06:41
that impacts the customer experience. think everyone has a little bit of a suspicious eye when they buy something from Amazon about whether those reviews are positive or just fake reviews. legitimate. Well, I mean, they’re just cracking down on ranking manipulation now, right? That would seem to be what is happening. That, I think, is a whole new game for Amazon to be going into if they’re trying to stop sellers from manipulating Amazon’s algorithm. And let’s face it, I mean, I don’t know, probably…

07:08
a large majority of sellers are trying to trick Amazon in some way or the other into ranking better. Now, obviously that’s a wide spectrum of black hat tactics that you can have there. It does go to show that potentially Amazon is taking a closer eye towards these types of things. I mean, I wonder, like services like Rebakey, even if you don’t hook up to the API, I would think that Amazon could detect patterns between buyers and sellers.

07:34
Because statistically speaking, if you have a rebate key user that buys a lot of stuff, that should stand out, statistically speaking, right? Yeah, and I think they’re creating a footprint. Those buyers, which was one of the things that Elite Seller was helping with, and the whole idea was to create funnels with your own polls of buyers, however you found them, through Facebook ads, through your own email list, through other giveaways and other things you might be doing, so you didn’t have the same footprint that you would have with the poll of rebate key buyers.

08:04
And there’s also obviously Facebook groups and other things as well that are out there. I don’t know. I I think that ultimately it’s going to be impossible for Amazon to stop. They’re probably playing whack-a-mole one one at a time. Just like anything else with black cat tactics, people are doing the flavor of the day. This is going to change things significantly, but people will be back up to their old ways and trying to figure out the trick of the day. Yeah, and.

08:31
Again, I think what RebateKey is doing in terms of the rebates is totally fine. know, not retailers, but brands have been giving away rebates since the beginning of retail, basically. So whether it’s a Black & Decker coffee maker that gives you a $10 review for registering your warranty or a pair of Nikes that gives you some rebate on a second pair of shoes if you go to the Nike website and buy them there, brands have been doing this forever. So I think what RebateKey is doing is just fine. And they’re pretty tight on what not telling.

08:59
people buy a rebate on RebateKey as a buyer, there’s no assumption there that you need to leave a review. I think where they got into a little bit of trouble is that RebateKey was kind of opening the door, hey, if you want to use like a two-step URL, that’s okay by us. And I think that’s what’s going to happen. As RebateKey, they’re going to have to really tighten that up. I think they’re fine. I think they’ll get their API back. I think they’re going to have to basically… I mean, they don’t really need the API. No, RebateKey doesn’t.

09:28
It does help in certain ways because it can help you verify orders a little bit quicker, pull different data from Amazon a little bit quicker. They don’t need the API. But I think rebate key as a company is totally fine. Like giving out rebates. I don’t think that’s an issue. It’s the fact they were allowing some of these tricky little links. OK, so what is your view now on using a service like a rebate service? I think there’s nothing wrong with rebates. Mike might have a different opinion, but I don’t think there’s anything wrong with using rebates. I mean, I’ve always been a f-

09:54
the whitest of the white hats. I’ve never used any rebate services in general. I’ve done some things with Facebook Messenger in the past, which I feel is a little less detectable because it’s not like a group. So you’re not white hat. You’re only that’s as long as it’s not detectable. okay. It’s like Steve’s like if a tree falls in the forest, no one’s going to know unless they’re there. The one thing I’ll say about rebates and I and I agree the company line is exactly what Dave just said. You know, companies have been doing rebates for

10:24
100 years and this is very normal. But it’s like you know and I know and we all kind of know the reason that we’re doing it is to boost the ranking algorithm, right? I mean like you aren’t giving away products at 99 % off just because you want to get them in people’s hands, they get their feedback. I mean you’re doing it because you’re trying to get sales and all of these tools like Helium 10 and Jungle Scout, et cetera, like give you a number. Like how many need to give away a day to like be able to rank towards the top? And so like

10:54
Yes, rebates are given away for various reasons by traditional retailers and large companies, but they’re very rarely 99 % off type rebates. And they typically are doing it because they realize that the majority of people will buy it and forget to fill out the form and go through all the hoops to get the rebate and it’ll lay in a drawer for a while and they never actually get the rebate. So that was a big part of their pricing structure.

11:21
Yeah, the only reason I would say why I don’t think this comes down to rebates at all is all the other rebate services, they were not shut down. And when Amazon acts in these types of cases, normally what they do is they build a case about all of these either sellers or sales providers and they build a case against all of them. And then in one massive swoop, they’ll suspend them all jumps go all the other rebate services did not get suspended. So I think this goes beyond rebates. I don’t think that’s the issue here. Otherwise you would see all these other services being suspended. Interesting. You don’t think they’re just going to come.

11:50
crumbling down one by one. think that if I had a guess and there’s obviously no way to know, but I think it might have something to do with elite seller pushing the envelope with some of these links that they’ve created and I think it might be guilty by association. like, you know, it’s the same company, the same people running it. They know that it’s like, going to, you know, make your life, we’re going to give you maximum pain. doesn’t matter if this other thing is within our TOS or not. Again, it’s hard to know. We’re all speculating at this point and I

12:19
you don’t feel like it’s fair to call up Ian and ask him these types of questions unless it’s already painful enough. We’ll all find out what’s going to happen in the end. And how it pertains to the future of Amazon is interesting in terms of what is it going to mean to sellers moving forward? Again, I really do believe that six months from now if we do a follow-up podcast and there’s a world where rebate key and elite seller don’t exist, it’ll just be called something different. There’ll be something else. Especially the Chinese sellers.

12:50
I mean, I am Chinese and Dave, you may as well be Chinese, right? I you always find a way to skirt around the rules. We were just talking about, what were we talking about the other day? Craps, right? You aren’t allowed to have dice games in California, but then they came up with a way to use cards instead of dice to play craps. So yeah. Yeah. Yeah. Yeah. I mean, it’ll be interesting to see in six months what the landscape looks like if rebate services exist. My bet would be that they’re

13:17
going to be a A-OK, even Rebakey is going to be around. But the fact that I’m betting for them, that’s probably the kiss of death. And that means that they’re all going to be gone in six months. when I make these types of predictions, my law seems to be I have 100 % accuracy in being wrong. So sorry, Ian, I just screwed your company. But that’s my feeling is that they’re going to be OK. I think if you use ads, it should be relatively untraceable. I know Google uses these footprint algorithms because it’s pretty easy. It’s very rare for someone to do something twice.

13:46
Even twice. Yeah. Yeah. I think that’s the issue is that Elite Seller, just got a little bit, they were too good. mean, they’re built by sellers. They know exactly what sellers want. The tools that they had are incredible. And that’s why I think, hopefully, they figured this all out because Elite Seller, I this is the ultimate plug for them. It’s a fantastic tool. They probably pushed the envelope a little bit too much in being too seller friendly and having some amazing tools within them.

14:14
that obviously caught Amazon’s eye. But I mean, to elite sellers credit, mean, obviously, the tools were pretty great if Amazon had to crack down on them. What are you guys seeing these days in terms of competition? I know that we’ve been consistently getting like negative reviews on a regular basis on one product. it’s pretty, at least it’s pretty clear to me that I think it’s malicious, but it’s not in like high frequency anymore. It’s just like a steady trickle in. Are you guys seeing that? I think the smart black hat sellers are

14:44
letting it trickle in versus like bombing you all at once because it looks more natural. You were just talking about before that people don’t repeat a particular pattern. And so like when you start like having doing things that are like seven standard deviations from the norm, which is like translated into like you win the Powerball lottery three days in a row, which is yes, it’s possible, but not possible. Right. Right. Like people find these black cat tactics and they push them to the extreme. If you drip one one star review on your competitor a month, you’re probably going to be fine.

15:14
And yeah, I do think it’s malicious. My concern as an Amazon seller right now is that I’m in my mid 40s. This is not my first rodeo. And you see certain patterns develop in multiple businesses and multiple industries that you’ve been a part of. And I see this cycle of very similar to the online poker world where there’s lots of money to be made. Wherever there’s lots of money to be made, it’s going to bring in people who are willing to do it for less margin. It’s going to be people that are

15:44
you know, willing to do more black cat stuff. It’s going to be people who would be willing to like hit their mother and back up over her to make money any way they possibly can. And I start to see these tactics happening now within the Amazon world. And it worries me as an Amazon seller because what you’re talking about there is very hard to combat. Like you can’t prove without a shadow of a doubt that that one star review was fake. But you know, it’s true. It’s not, you know, it’s it’s a handkerchief, let’s say there’s only so much that could be wrong with it. What they’re saying

16:13
simply isn’t true. And you know that, but you can’t get Amazon to listen to you and remove the review. And so you’re in this bad spot and it’s not just reviews. mean, they can manipulate your rankings in other ways and do a bunch of other things that you drive up your return rate. And there’s other kinds of things I’d rather not even just talk about here, but I see it happening relatively often. Yeah. The reviews, also think what a lot of people aren’t aware of is what happened is last year they changed to a review and rating system. So

16:42
If somebody is leaving a positive review, normally you don’t have an overwhelmingly abundant amount of information that you want to share on a five-star review. It’s pretty weird that you get wowed that much that you’re going to write a four-paragraph five-star review, but it’s very easy to go in there and just leave a five-star rating. However, if you have a negative experience with a product, then what’s going to happen is you are probably going to leave a very long dialogue about why you hate this product. And you’re going to leave that with a one-star review. So I think what has happened is that you see this proliferation of

17:11
five-star ratings and one-star reviews. And so in your reviews, what happens is these one-star reviews show up and not as many five-star reviews. Instead, those five-star reviews that used to have are now just five-star ratings. And so I think that is part of the reason why sellers are seeing a little bit more activity in one-star reviews, just because there’s a greater probability that you’re gonna leave a five-star rating instead of a five-star review. Actually, come to think of it, when I shop, I actually never look at the five-star reviews.

17:39
I jump straight to like the threes actually or the fours maybe. Yeah. Yeah. And see what people are really saying. But again, I mean, now it’s hard to know is that someone that’s being malicious. in general, I feel like the negative reviews that we get are legitimate. You people have their feeling about things. I do think that in general, it’s an opportunity for you to improve your products, right? I mean, like some of our best selling products are like a third iteration of the product based on negative reviews that we got. You know, it’s a

18:08
that people were, one of our ice packs, they were melting it because they were putting it in the microwave too long. So we ended up doing this, we just made it a cold pack only until people don’t microwave it. One of the other things we had, people were complaining that there was condensation and it constantly got like their back wet or their sofa wet and they were complaining about that. So we put a cover in the box with it, know, to absorb the moisture. And now we have one of the best selling products on Amazon in that category. That’s all from listening to true legitimate negative reviews that customers were leaving.

18:37
But again, I do think that there is a contingent of people that are leaving fake one-star reviews. It’s easier to hurt your competitor and make them disappear to rank rather than do the work yourself. And there’s definitely people in this world, they’re not just all in China, that are willing to do that stuff. again, it comes with just seeing these types of market cycles, the same type of thing happened again in online poker.

19:04
a lot of money to be made, people are going to do unscrupulous things, just like there’s credit card scams, or the people are selling warranties, or they’re trying to call you for Microsoft support all over the world. If there’s those types of things to be made, they’re going to do it, even on Amazon.

19:21
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.

19:50
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.

20:19
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. You know, Mike, I remember you got knocked off by Amazon, like almost the packaging exactly. Have you seen that happen to some of the other products? It was like a cold pack. Yeah, it’s brutal. mean, but that’s as much as that sucks. It’s not. Has it happened since then? So it has. Okay. It’s going to happen. And

20:49
The thing that upsets me about the way that Amazon does that is you know that they are doing it in an unfair advantage, right? They’re able to get reviews at a faster rate because they must be sending out emails in a different way. They use different ad placements that don’t exist in other ways. They rank their stuff higher. They know their exact way to do that. They’ve testified in front of Congress that they don’t do these things. And then over time, it’s kind of come out that they were lying, really. Yeah, the Wall Street Journal, I think, debunked that. Yeah.

21:18
Yeah, and I think if we’re going into the future of Amazon and you know, maybe rebates go away, maybe they don’t, that’s a pretty minor. I rebates are legit. mean, if you think about, is it Rakuten that the whole business is based on rebates? yeah, absolutely. But either way, I mean, I think that’s a relatively minor ground shifting event for Amazon. What could be a major ground shifting event is if Amazon’s private label business comes across even more scrutiny from Congress and these governments and they have to split it up into a different entity.

21:47
Or as Amazon would like to sell it to sellers that, Hey, if we have to have a choice between having our private label brands and third party sellers, we’re going to screw you third party sellers and only do our private label products, which is of course complete BS. But they sent out an email to sellers a few months ago saying that, that, Hey, our private label brands are coming under scrutiny and we might have to make a choice between our third party products and our private label brands. Now we know what will happen is Amazon will probably ditch their

22:15
private label brands way quicker than their third party sellers. But either way, if that happens and they have to make that choice, that will be a fundamental change in the way that Amazon operates. And hopefully that would be a positive for sellers if they had to get rid of their private label brands. But there is that small, small chance that Amazon gets rid of third party sellers and goes through a first party seller only model where basically you just sell to Amazon. Again, it’s a minuscule chance that that could happen, but.

22:43
Something big is probably going to happen one way the other with Amazon. actually, I’m very curious what you both’s opinion are on this. Amazon private labels are brands, but if you walk into Costco, they have their own Kirkland brand, which I often buy instead of the name brand because it’s significantly cheaper. So that’s all you buy, Yeah, that’s true. You’re right. Thanks, guys. You’re right. That’s all I buy. But so do you think Amazon’s doing anything wrong here? All right. Okay. So there’s two things here. There’s the first thing that Dave was just talking about in terms of like, does Amazon become nothing but their own brands?

23:12
Even at their size, that’s not possible. You can’t make Apple products. You can’t make Nike shoes. There’s too many name brand things that people want that name brand and there’s too much IP that goes into it. They even Amazon themselves can’t do everything. So I don’t think that’s going to happen. Now, on the other question of is it, you’re right. You go into Costco and there’s Kirkland. We were just in Walgreens last night. There’s a Walgreens brand. CVS does the same thing. They have their own house brand.

23:41
I don’t begrudge those companies for doing those types of things because they aren’t creating what I would call an unfair advantage in order to do it. First of all, they’ve created this brick and mortar store. They have a very expensive footprint to get people on the door there. Their products are on the shelf right next to the other products in an equal and equitable fair way. So much to the point where these other companies, they realize that and they’re still willing to sell through there and it’s an equitable, I think, relationship.

24:11
really is. think that in some ways, I might even give more cache to the name brand because some people are just name brand type people and that’s what they want to buy. What I think Amazon is doing that’s ridiculous is circumventing loose IP, where you’ve done all the work upfront, shown all the sales data, built all their infrastructure on their back, and then then manipulate the rankings

24:39
and the way that they do business with their own products in ways that simply don’t work in brick and You don’t know that. Okay. So let give you one really good example. So if I just paid a dollar for a click to get someone to my ice pack listing, is it fair for them to then have an ad right on that thing underneath the buy box saying buy our house brand product? like, you you don’t, it operates in a way that is manipulative and unfair.

25:08
You know, I’m a business person. We all do things. I we want to make money and I understand that and I wish I look at things from the other way. But it really is at a point where like capitalism becomes evil in my mind. Like there’s a level where it just, it’s, it’s just, it isn’t right, you know, and it’s not obviously like in business, you can’t just complain that this isn’t fair. I think that it goes, it goes beyond that in a way that is, is, should be legal. And you look at other parts of the world.

25:37
And it doesn’t work there. Like India put an end to this, the UK put an end to this. I think the EU has also put an end to it. The United States is really the only jurisdiction where Amazon can get away with operating in this manner. Let me just tell you what happened to me at Walgreens. Just the other day, I went to buy Allegra and I saw the generic, but I was going to get Allegra anyways, but it was locked up. Like I had to actually get the representative to get that, whereas I could just grab the generic off the shelf. That sounds sketchy to me. Well, and that’s the argument that Amazon’s going to make is that

26:05
Yes, we advertise our private label products sometimes on a third party sellers listing. But how is that different from Walgreens giving preferential self placement to their own brands? It’s not a lot different. Just self placement is the new or the I guess the old advertising that similar to what we have on Amazon now. So that’s what they would argue is okay, you know, brands have been or retailers have been giving preferential shelf placement to their brands forever.

26:31
Walgreens does it with their private label brands, Walmart does it with their private label brands. So that’s what Amazon’s going to do. They’re going to argue, hey, we’re no different than that. The unfair advantage in my eyes that Amazon has is the data that they have access to. So Walgreens might have access to two or three different allergy medicine and the data, the selling data from those. Amazon has access to millions and millions and millions of individual product.

26:57
data and they get access to it. They say they don’t and they only look at it from a meta standpoint, but that’s complete BS. And they’ve gone on record now saying that, oh, well, maybe our employees look at it, but we tell them not to. So that’s the big issue is that Amazon has access to all this data from individual sellers. And we know it’s about 2 million third-party sellers and they get access to all that data. So either Amazon has to, in my opinion, either be split into two different companies. So there is no information sharing like that.

27:25
or they have to give sellers an equal access to all that selling data, which I don’t think is gonna happen though. Here’s the kicker for me, and this actually has never happened to me, but I know students where Amazon has asked them for their factories and where they got their stuff. And if they were, let’s say to get popular, Amazon in theory could just look at that information, hit the factory and say, hey, we’d like to buy like 100,000 units and get really good pricing. Amazon has contacted our factories. Well, of course they have. I mean, I hate it when people say that. That’s one thing I take.

27:53
exception to it. sound like I’m supporting Amazon here, but come on, let’s face it. It’s not hard for a major retailer like Amazon to find out what factories are making any product. They have far greater resources than Alibaba. They have, they have hundreds and thousands of staff on the ground in China. So when people are dubious of that, I mean, come on, what factory use that’s not this impossible moat to cross. It’s pretty easy for somebody of Amazon’s size to figure out with or without you having to submit like your supplier invoices.

28:23
I definitely agree that they have the capability of doing it, but I think it’s very under headed for them to just force you to give them the data and then contact the exact factory. They should at least have to go do the work. Go do the work that I did. They just, you have no choice. It’s like if you’ve lost inventory, which they do all the time and you want to get refunded for, you have to submit an invoice. If you want to get approved to get ungated for lot of categories, you have to submit an invoice.

28:48
There’s there’s other reasons why we’ve had us submit invoices in the past they I think they just dream things up if they really want it it seems incredibly unfair that they can force you to take that Give you them that data and then they can just look up that factory and go right to them again I know they have the resources I get it that they they can go on the ground they can go find somebody but at least make it

29:10
a one in a hundred chance that they find my exact factory and they go with someone else. why I don’t like that argument. They have the resources to release all their own products too, but I mean, this just makes it easy. They have all the data in front of them. I know. I just think you’re talking like I have a trading company I’m pretty close with in China and they want to find a factory that makes any one of your guys’s products. They can find it in a matter of 10 minutes using the Chinese sites. I don’t think that’s a big issue. think sure you’re talking, does it make their life easier? Maybe a little bit, but

29:37
Compared to the advantage they get from having all the individual seller data, it’s minuscule. And that’s the real kind of elephant in the room when it comes to Amazon’s private label brands. And we’ll see what happens there. All right. So what do you guys think about just the landscape as a new seller who is entering Amazon right now?

29:56
I obviously it’s getting more and more difficult. I mean think that when we first got started I always make this joke that I could have sold a bag of poop in 2015 and could have looked at anything. I wasn’t even running ads when I first started. It was incredible. Now I think you need to work on building legitimately better products, creating a brand. That term gets thrown around quite a bit. It can mean a bunch of different things. Sometimes it’s kind of BS. Well let’s talk about that. What do you consider the steps to create a good brand? Well I like to think that we did a good job with this with Colorate.

30:26
for instance, where we went and found a niche that was ripe for disruption. didn’t invent coloring books. We kind of reinvented coloring books. We just made them better by looking at the reviews and talking to customers and just making some assumptions that by putting hardback covers on a book and using a spiral binding and using art grade paper and using perforations, et cetera, we can make a book that people would legitimately want more than all the other crap that was out on the market.

30:55
And it worked. And you can do this in a lot of niches. think what’s really coming to an end, it’s really in our rear view mirror at this point, is going on Alibaba, finding an existing product that a zillion other people already make and just listing that. That’s not going to work. And then the other part of branding is doing all the other hard work that we did. We would give away free drawings every week. We would do giveaways. hosted a…

31:22
thing called Color It Live all the time. We put out a bunch of content, how to color and stuff like that, and built a community of people that not only liked our products, but we communicated with on the side and they helped us develop our new products and became our super fans and defended us in the marketplace when someone did say something negative. We have like an army of people that really had our back, which is really helpful in today’s internet world of marketing.

31:48
I think that that will still be successful. There’s lots of new brands that come out all the time that follow that footprint and that blueprint, should say, that are successful. think, again, what’s really coming to an end is I’m going to go to the Canton Fair, get a MeToo product and list it alongside of 10 other people who have the exact same thing, including Amazon who might come copy your exact product some day down the road. If you can create some even slight differentiation.

32:15
and work on some of the other outside marketing, outside traffic, Amazon, I think that there’s still lots of money to be made in this space. I think branding these days is actually all about one-on-one communication. Like I actually hate responding to people, but like getting DMs, Facebook Messenger, SMS now, like anytime I can have a conversation with that person, they tend to become a customer for life. This is a large bulk of our customers are event planners. Every time we see a bulk order, we actually reach out to them. Usually by phone.

32:44
and just that little conversation that you had, they’re just much more likely to buy from you. Yeah, yeah, absolutely. mean, that’s been the whole D to C direct to consumer brand revolution of being able to talk to customers one-on-one like that. I think there’s certain industries too that are more fit for disruption. Like you mentioned, Steve, you’re basically a B2B business. I don’t know what percentage of your sale. It’s significant now, actually. Is it more than half-half? It’s not more than half. No, definitely not.

33:09
So the consumer, probably about 30%. Yeah. Yeah. But definitely that’s an opportunity. And Amazon’s always trying to push like their business pricing. But overall though, B2B sales is a big opportunity. When it comes to a new seller though, you know, obviously it’s a harder landscape. There is one advantage that sellers have right now. And it’s the fact that Amazon has gone from about 10 % paid placements on a search results page, just a couple of years ago, up to 30%.

33:37
As of 2021, so what that means is that now if you’re a new brand, you can basically pay your way to the top of search listings. And again, most customers don’t know the difference between a paid search result and an organic search result. So now more than in the past, it’s actually a little bit easier to pay your way to the top and just be really aggressive on advertising. The issue is that long-term you need to be able to get off of that heroin.

34:02
Heroin needle that you have in your arm that is Amazon paid advertising and get yourself away from it and be able to Be in a strong position and have 80 % of your sales coming from organic and not 80 % of your sales coming from PPC Like you probably need in the beginning when you’re launching a new product or brand I don’t even see organic listings anymore. Literally the whole top of fold is all ads at this point Yeah, absolutely. And you know if you can have a killer ad which often means like a killer main gallery image and

34:29
Depending on what type of ad type you’re using a good headline Video ads on Amazon are still underutilized and can be really profitable if you have good creative There are opportunities to have profitable PPC on Amazon. If you can you can actually make a sustainable Amazon product or brand just based on Amazon Amazon’s PPC, but again, it’s not like it was in the old days We just set an automatic campaign on Amazon set it and never look at it. Now you have to

34:58
be paying attention to your advertising campaigns on Amazon because there’s a lot of them and it’s more important than it was in the past.

35:06
Alright, so let’s switch gears a little bit. Let’s talk about having your own website. When do you guys advise transitioning outside of Amazon? when did you guys throw up your site? Because you guys, Dave, I know you’re mostly an Amazon brand, right? You’re an off-road company? Yeah, it’s mostly Amazon. But to that point, the first thing I did was set up the website. Okay. So what do you do with the website today? In terms of like percentages or what do I do with it from a marketing standpoint? but marketing standpoint.

35:32
Yeah. So I mean, the website only constitutes about 10 % of sales. But what I do, and this is what I’m a big advocate advocate for is we do a lot of marketing, Google shopping, a little bit less Google ads, Facebook ads, organic, trying to get organic traffic through SEO, get that traffic to our website, and then try to direct that traffic as much as possible to Amazon. And the reason for that is that Amazon really rewards

35:58
when you can send external traffic to their website. They love that. And that’s where Elite Seller and Rebakey kind of circle back to this conversation. That’s where they got in trouble is trying to kind of trick Amazon into thinking that we were sending all this external traffic to them through Rebakey when really we weren’t sending them. It’s a big backstory, but basically Rebakey and Elite Seller were tricking sellers or tricking Amazon into thinking that sellers were sending traffic directly from Google when it was actually coming from either an email list or

36:27
Rebake here wherever so your websites add to cart links go to Amazon directly the add to cart links Don’t go to Amazon directly you can still buy on the website, but we heavily push them towards buying on Amazon So if you go to a product detail page on our website, you have an option to buy on the website But you also have a very strong call to action to buy directly on Amazon. It’s just a link to Amazon interesting I’m curious. is your is your pricing identical on Amazon in your own website? Yes, everything’s identical. Okay I actually I’m curious about your rationale for that because

36:57
And granted, you probably get a lot of repeat customers I would imagine in that space or where you can upsell. That’s a whole other conversation. But no, surprisingly not. We don’t get a ton of repeat customers. Or from from cross sells. There’s a little bit, but it’s not as much as you would think. And that’s actually one of the more disappointing things that the whole brand when when I first started, I thought it would be much bigger than it is. But yeah, it’s not actually that huge. I’m just curious how you would quantify getting a customer’s information, because Amazon now hides like the name and everything now.

37:24
Right, so how do you quantify driving them to Amazon versus potentially getting a really good, maybe a B2B customer that would be like a customer for life? I the B2B customers will always find you one way or the other. They’ll call you, they’ll text you, they’ll email you, whatever. They find you through their website. Like they’ll contact you nine times out of 10, because they want to get better pricing. And if they’re a smart B2B customer, they will figure out a way to contact you directly and get away from Amazon’s messaging system. So in that regard.

37:50
You know, trying to quantify like a B2B customer. don’t think it’s really an issue because they’ll contact you one way or the other. But in terms of having an individual customer’s data, it’s hard to quantify. I mean, our lifetime value is not that high. Typically they’re just buying one product and they’re off to the other guy. If we had a higher lifetime value, it might make more sense to have people on our website. But my opinion is if you’re not, if you’re selling just kind of a typical product, like a rooftop tent or a kinetic recovery rope.

38:19
doesn’t really add that much value having somebody buy on your website and having their information. Now, if you’re selling like a beard grooming kit where they’re buying that same kit month over month over month, then yeah, you don’t want to send them to Amazon. But for most products, whether it’s an ice wrap or an off-road product or even a handkerchief to a lesser degree, know, sending them to Amazon is not that terrible. And you get rewarded so heavily in organic rankings on Amazon when you do send them that traffic. I imagine that’s definitely true for you, right, Mike?

38:48
ice traps, like they’re just buying it to solve a problem. They’re probably not coming back. Yeah. And we talked about this a couple of years ago. I kind of discovered this by accident as we started putting up content sites and sending traffic off to Amazon. It actually happened at first with Color. We started launching our products by saying, it’s available on Amazon first and it’ll be available on color.com later. If you want it now, go buy it on Amazon. The reality is the inventory was coming from the exact same spot because we did fulfillment by Amazon for everything. But what we realized was that

39:18
sending that traffic off the Amazon, yes, there’s a disadvantage of you don’t get their name and their address, their telephone number, their ability to market to them, et cetera, et cetera. But the overwhelming advantage of being able to break into something as competitive as gel pens, for instance, and we had one of the top five best-selling gel pen sets on all of Amazon. This is a product that sells hundreds and hundreds of units per day. And the only reason I believe that we were able to break into that

39:44
into that niche is because of all the outside traffic that we owned, all those resources that we had built up over time, our email list, our Facebook Messenger list, our Facebook pixel audience, brand equity that we had up to that point. And we had people that were clamoring, really didn’t want our new products when we launched them and would buy anything from us because we had built loyalty, because we had good products. And when we launched them on Amazon, we were able to send all this additional traffic and crack into these really

40:14
really competitive niches that ultimately helped us sell that business for seven figures, which was kind of cool. it’s something that we’ve continued to do since then and have really been doubling down on it by making these content sites that can also organically send traffic off to Amazon on a consistent basis. I just wanted to let you know that tickets for the 2022 Seller Summit are now on sale over at sellersummit.com.

40:41
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,

41:08
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 going to be held in Fort Lauderdale, Florida from May 4th to May 6th,

41:38
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.

41:54
Yeah. I mean, here’s what I found. Like my shopping behavior is the same. Like if I want to buy from Amazon, I’ll buy from Amazon. Like that’s where I shop. Whereas if I prefer shopping and boutiques, I’ll buy from boutiques. So, you know, if you’re steering someone, if you’re trying to steer someone from Amazon to your own site, it’s probably not going to happen in the long run. So just, just try to be everywhere. And that’s probably your best bet. Yeah. And if you can get their information before you send it to Amazon, that’s kind of the field and all if you can keep their information.

42:24
get their email at least and then when you have a sale, promote that sale, they’re probably gonna buy it on Amazon anyways, but if you can do like a cross promotion where you have coupon code for Amazon, again, you’re sending that external traffic to Amazon. If you’re doing a product launch and you still have those emails before you send them to Amazon, that’s going to really make your probability of a success for a product launch that much higher. So I mean, that’s the be-all to end-all is if you can get their information before you send them to Amazon. Again, easier said than done, but that is kind of the…

42:54
ultimate goal. thing to keep in mind, just real quick, is the conversion rate on Amazon versus your own store. I like the best conversion rate I’ve ever gotten on my own Shopify store is in the 3 % range. We really average more like at one and a half to two. We have products that consistently are over 50 % conversion rate on Amazon. We look at conversion rates every single week for all of our products. We really have gotten very analytical about this. So you’re talking about a 20-fold difference.

43:21
in conversion rate. And so yes, you’re leaving on the table some of this other stuff like their information, some of the other ability to sell again. But like when you really extrapolate out the success you can have by sending traffic to Amazon, how much better it’s going to convert. And also look at all the additional sales that you’re going to get that you wouldn’t have gotten otherwise. It starts to make a lot of sense. mean, the problem is when you start looking at it in the macro and you end up one day in the situation that we’re in where

43:51
where I’m jealous of you, Steve, is like, you we are something like 85 % Amazon and we rely on Amazon so much. It’s really, really uncomfortable. We make a lot of money doing it. It’s been very lucrative, but like I do feel like we’re playing a game of musical chairs and it’s someday when the music stops, you’ll be laughing because you have, you know, mostly your traffic all on your own store and we’ll be holding a bunch of inventory we can’t sell otherwise. Here’s how I see it. I optimize for peace of mind.

44:17
Like if something bad happens on Amazon, actually ruins my wife’s entire day. And then she’s pissed and she comes home, she vents about it. And then I’m miserable. So that’s one of the main reasons. Like I can leave some money on table. Like I don’t spend that much money. You know, I’m cheap as hell, right? So why not just maximize for life? So you have a completely different attitude. Plus you have a whole team that can help you deal with this stuff. So you don’t have to personally deal with it, right? And your wife can’t quit this job. So do you actually ever deal with any of that Amazon crap right now?

44:47
I do, but for the most part, so ever yes, we had a situation that came up this year where they actually called me. I couldn’t believe it. First time I’ve ever gotten a phone call from Amazon, they were telling me about a product that was a dangerous good and had to be removed from their warehouse immediately. Otherwise, they were going to close our entire account down. So it freaked me the hell out because I actually, they called to like kind of warn me of this and I was like, oh gosh, okay, well I better obviously listen. And so that particular incident, I personally got wrapped up in because

45:16
I was like the first point of contact and I just took the bull by the horns because it was like I got the call at like 10 a.m. Pacific and my team doesn’t come in until like 4 p.m. For the most part and I learned my lesson with that particular incidence, my team takes care of all of it. Like I tell them I don’t even want to know. Like please don’t tell me. And like unless it’s been days and we’re just stuck, I’d rather not know because I get so upset like having to deal with, I just had to deal with getting a…

45:44
a hijacker off one of our listings as it was a procedure that we haven’t had a deal with, this new business that we’re involved in. Someone was selling on our listing and I hadn’t been through that process in so long. I couldn’t just ask my team to go do it because they don’t have a SOP to follow. So I had to do it myself and it’s just like this rat’s nest of like constant circles of you have to fill out this form and they send you back a riddle of like you didn’t fill it out quite right and then…

46:09
And then they send you this other link, you fill that out and they’re like, that doesn’t work. And they send you somewhere else. Then they eventually send you back to where you started. And eventually I figured out that all the different combinations, it was like a cipher lock till I finally, after six days of going back and forth with Amazon. And every time it produces this acid reflux situation in my stomach because I hate dealing with stuff like that. I just want to do it once, check it off, and be done with it, and deal with a company that

46:39
You know, has some sense, but they don’t, you know, and, and, so again, the way that I typically handle this is that pay someone else in the organization to deal with it. Cause they, they’re not emotional about it. You know, they just doing their job. Yeah. I would say that’s the only danger though, is that they’re not emotional about it. And sometimes things that they should be emotional about kind of get pushed to the back and they don’t take as much care and attention to it as maybe you would as an entrepreneur. And that’s.

47:06
I think where we have a little bit of a differing opinion that I guess there’s one of two frames of minds that you can say, okay, I’m just gonna be completely hands off about this or I’m gonna be completely hands on. And I’m still really divided on what the best mentality is because I know when I try to give jobs to my VAs, for example, we have a product suspended right now for some documentation issue. And I told our guys, okay, you gotta figure this out, doing the Mike Jackbess approach. It’s still two weeks and they haven’t figured it out. And I know.

47:35
If I get my hands into there, I’m going to get it fixed probably within a couple of days. They’re not going to pick up the phone and push Amazon and push them and push them and push them like I will. And I don’t know. I feel like it’s two different frame of minds when it comes to having employees with an Amazon business. in the long run, I think your way is better, Mike, but it’s painful, right? I think my team will pick up the phone and do that. I I feel like they’ll get it done almost as quickly as I can, you within hours, you know, as quickly as I can.

48:05
and I’m much happier. Like even if it does take them, let’s say a day or two longer, like over the long run, yeah, that’s going to cost X dollars in sales and other repercussions. like, it makes me so unhappy. It’s like if there was, if there’s, not even joking. Trust me, I know exactly what It’s horrible. Like that’s how horrible Amazon is to work with. It is, for me, it just, my personality type, some people are different. Some people are just really good at grinding through the bureaucracy.

48:32
And it doesn’t upset them in any way. Like they’re just emotionalist to it and they just go through the paces. I don’t know anyone who’s been unemotional with empty. I do know some people that do with it lot better than I do. I really, it’s a leak for me. I’m not proud of seeing all this. just, know that it’s true. I shouldn’t get that emotional because they don’t care about me. Why should I care that much about them in the situation? It’s just, you know how it is and you can’t change it and you accept this. You’re signing a contract, whether you

49:00
physically sign the timeline or not, you’re signing a virtual contract, let’s say that you’re going to put up with this crap if you continue to sell on Amazon. And we keep on getting deeper and deeper into it. And we know that this is the repercussion. so again, I’d rather have someone else deal with it than make me miserable dealing with it. Because that issue I’m talking about with the ice packs that they suspended was awful. Like we destroyed a bunch of our inventory because they told us they had to get out of there really quickly. We lost hundreds and hundreds of thousands of dollars of sales.

49:30
we were going in circles, like, how come you guys can sell your version of this? The exact same thing that you ripped off, it’s got the exact same ingredient list on it. Same packaging too. Same packaging, everything. Like it was almost indistinguishable product. How come that’s still up there? And they’re like, it doesn’t matter, you gotta take yours. And eventually what I found out what the problem was, that, talk about Black Hat stuff, some competitor had a vendor central account. This is one of the Black Hat tactics from like six months ago, that you can get a vendor central account in another marketplace, so like another country.

49:59
the UK, India, whatever it is, add that product to that other vendor central list and then add keywords. And so they added keywords in there that they know that Amazon will immediately take your listing down for it. And that’s what happened. Boom. And they went in and they did it for all the competitors. And so they were like the only one remaining. And that’s a great way to get yourself to the top. And it’s…

50:26
I think that Amazon’s put an end to this to a certain extent now because when it gets to be on this big of a wide scale, eventually hits Twitter and gets in the press and they’ll correct it. But for six months, people were dealing with pesticide claims and dangerous good claims and all this stuff. And luckily, from going through the paces and arguing with Amazon over and over again on the telephone, eventually I got someone that cared and knew what they were doing. And they’re like, look, here’s what’s happened.

50:56
someone injected these keywords in your backend, you can’t see them because you didn’t make the contribution. They did it through vendor central. So you don’t even have control over your listing any longer. So what you have to do, I can’t help you. Like this is what’s so freaking hilarious. He’s like, I can’t help you because you have to contact brand registry first and get them to tell you that they can’t help you before then you can contact us. And then we are allowed to help you. I’m like, this is the logic tree that you have. So of course I contact brand registry. They immediately said, we can’t help you.

51:23
I responded to them again with a saying in a different way that like, we can’t help you. Then I called back that same team. I finally figured out a way to get to this particular team and the lady’s like, oh, okay, you’ve done all the paces now. I’m going to take your case, upload it and within 48 hours we’ll have it back live. And they did. But I it took weeks to do that. It was our number one best selling product and I lost even more hair, which I can’t afford to lose. Well, this is how our buddy Taw lost his entire brand, right?

51:52
someone made a claim on, but I mean, he had nothing illegal in his ingredient list, but he never got his product listing back. Wow. Wow. That’s terrible. I mean, and that is the landscape of Amazon right now. And hopefully, you know, in the future, this will all change and Amazon will have tighter policing policies. But unfortunately, if they cut out these tactics, we all know there’s going to be a new tactic that comes along and a new tactic and a new tactic. Google’s done a pretty good job at cutting out these black hat tactics. mean,

52:20
Most of the listings that you see in organic search page for Google now are relatively good because their algorithm has become relatively better. Hopefully this is what happens with Amazon. They are relatively a new entity. I mean, it sounds weird, but they’re only 20 some odd years old and the third party marketplace is only about 10 years old. So hopefully this all gets rectified in the longterm. I wouldn’t hold my breath though for this to be fixed in the next year or two. So Google’s algorithm has gotten worse. I’m going to show you guys this website.

52:49
that got thousands of visitors per month in a relatively short period of time without any backlink building and it was all generated by bots. All the content. I’ve heard about this now. it’s amazing. I just want to real quick, you’re talking about the future of Amazon because that’s kind of, I guess, loosely the conversation here. I’m more pessimistic when it comes to this. I actually think that Amazon’s greed will continue to make this a slippery slope of

53:17
In general, think the quality of products on Amazon has decreased. I’m an Amazon buyer myself and some of the stuff I get is laughably bad. The quality is Chinese manufacturing, they’re sending you basically Western or Eastern world type products to the Western world, which if you’ve ever traveled to the East, you understand what I’m talking about. And it’s prolific. It’s not just one or two of these types of products and sellers.

53:46
monopolized like all of the top positions and when consumers start to lose confidence in what they’re ordering and the court of public opinion shifts much like it did for Walmart, you years ago, I think that Amazon might be in a little bit of trouble, you know, I, and I don’t know what the point of no return is, but like, obviously in this same timeline,

54:13
sellers will stop selling on there. Like we know people, good friends of ours who have disowned Amazon, right? And it’s not prolific enough yet where Amazon’s hurting from this because there’s plenty of other people in line willing to sell. But I do believe that the products that are in line willing to sell are lower quality, right? And the quality continues to drop. I don’t want to mention any brands by name here. I think it’s inappropriate. like, if you’re going to conferences like Seller Summit,

54:41
and talking to people there, there’s lots of people, there’s a handful of people that have just completely disowned Amazon because they don’t want to deal with all this BS, they don’t want to have the repercussions of people copying their products and knocking them out, so they’ve cut them out of their lives and I think that there’s going to be a trend much like it did with Walmart where people have realized that they don’t want to support them anymore. And so I do think that it’s potential that Amazon can go down that path. We’ll see where.

55:08
the future takes us.

55:35
pedal to metal type of guys. More of lifestyle. yeah. Okay. Well, anyway, I recommend validating on Amazon. And then once you have something you’re gonna follow through with, let it ride on Amazon, but then start your own website, build your own brand. It’s a slower burn, but at least it’s a consistent, happy burn. I couldn’t agree more, actually, when you’re first getting started, I do think that Amazon is ultimately the place to do that. You know, if you’re out there listening to this, and you haven’t sold anything online yet, and you’re aspiring to do so, it’s hard for you know, the three of us to

56:05
think back to that day, know, 10 years ago, whatever it was now, it’s overwhelming, right? There’s there’s so much to learn. There’s so much to do when you have your own Shopify store or your own store, whatever. In addition to all the things that Amazon does, you also have to get the traffic to your store. You have to pick, pack and ship and get the item out to the customer. And that never goes away. If you want to go on vacation or whatever, you know, you got to deal with it. You got to do with all the customer service. You have to deal with all the returns.

56:32
You had to deal with the SEO and tech and adding apps. Copy. mean, just the list goes on and on and on. So if you’re trying to get into e-commerce, Amazon, in my opinion, as you’re just saying, is absolutely the way to go because they do all that for you. So now your learning curve to get into selling things online is a tenth, maybe a fifth of what it would be otherwise. Right. I mean,

56:59
Amazon has an enormous amount of traffic, an enormous amount of people that already have their credit card information stored on the platform that are ready to buy your product in one click. And for you to get to a similar position in your own store, it will take a disproportionate amount of effort. And even as someone, feel like I’m good at what I do. I’m a hard person to give myself credit. I feel like I’m good at what I do. And even being good at what I do,

57:28
I still can’t get my Shopify stores to really exceed 15 % of revenue. No matter how hard I try, I put more effort into that, always, because I always want to have that… There’s other things that come out of it than just the sales. But regardless, even with all the effort we put into it, Amazon still gets so much traffic and so much business that even when you know what you’re doing, it’s hard. And so I think that if you’re just getting started, even with all the bitching that we said about Amazon, it still is the place to start trying to…

57:58
Prove your products out and start your brand and start your journey.

58:03
Hope you enjoyed that episode. And if you enjoyed listening to Mike and Dave today, go check out the eCom Crew Podcast on your favorite podcast app. For more information about this episode, go to mywebquaterjob.com slash episode 380. 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 abandoned card sequence, a post purchase flow, a win back campaign, basically all these sequences that will make you money on autopilot.

58:29
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. That’s P-O-S-T-S-E-R-I-P-T dot I-O slash dv.

58:57
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.

I Need Your Help

If you enjoyed listening to this podcast, then please support me with a review on Apple Podcasts. It's easy and takes 1 minute! Just click here to head to Apple Podcasts and leave an honest rating and review of the podcast. Every review helps!

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!

379: The Single Most Important Way To Improve Your Sales With Jon McDonald

379: The Single Most Important Way To Improve Your Sales With Jon McDonald

Today, I’m excited to have Jon McDonald on the show. Jon is the founder of The Good, a conversion rate optimization firm that has achieved incredible results for famous brands such as Adobe, Nike, Xerox and The Economist.

Jon is an expert at converting customers and in this episode, you will learn what it takes to improve the conversion rate for an ecommerce brand.

What You’ll Learn

  • Jon’s background story and why he’s the best
  • Conversion rate best practices for an ecommerce store
  • The best way to find conversion leaks in your sales funnel

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. And today I have John McDonald on the show and John is the founder of The Good and his area of specialty is conversion rate optimization. So in this episode, you’ll learn what it takes to improve your conversion rate and the best practices for an e-commerce store. But before we begin, I want to thank Claviyo for sponsoring this episode.

00:25
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 depended 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.

00:51
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. Now, if you run an e-commerce business of any kind, you know how important it is to own your customer contact list.

01:17
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 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 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.

01:45
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 C 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.

02:12
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.

02:28
Welcome to the My Wife, Quitter, Job podcast. Today I’m excited to have John McDonald on the show. And John is someone who I recently met at Nick Shackelford’s Geek Out event in San Diego, California. And I’m really glad that I went. John is the founder of The Good, a conversion rate optimization firm that has achieved results for some of the largest brands, including Adobe, Nike, Xerox, The Economist, and more. So basically he understands how to convert customers. So in this episode, you will learn what it takes to improve your conversion rate.

02:56
And today we’re going to talk about the best conversion rate practices for an e-commerce store. And with that, welcome to the show, John, how are you doing today? Great. Thanks for having me. So before we start, John, there’s probably people listening out there who don’t know who you are. Give me the quick background and how you actually ended up doing conversion rate optimization. Yeah. So the long story short is that started the good about 12 years ago, and I have a computer science degree and a visual art degree. did a dual major in college.

03:26
And I decided that I wanted to go into web development. I started working at agencies along the way and then eventually ended up starting The Good, as I mentioned about 12 years ago. We started out as a dev shop building e-commerce websites. Within about 18 months to two years, I quickly realized that that was becoming a commodity. Even back then, Shopify was just on the horizon. You could kind of see it starting to grow.

03:51
in terms of SaaS offerings, Magento was really the king of the Sahara at that point in time, but very few people enjoyed that. What I found though was that our clients didn’t really appreciate the code behind the site. They just liked that it worked. What I did was I built into every single contract a three-month optimization. I called it continual optimization at the time.

04:19
I did that for two reasons, The first reason was I wanted to set my team up for success. No e-commerce site launches without some bugs. I was like, I want to be upfront about that with you as a client and I want you to know we’re going to be here. So many agencies at the time and still to this day follow a launch and leave philosophy. They would launch a site for the client and then be like, hey, you want things fixed, you want additions, you got to pay us to do that. I would just bake that into our contract.

04:48
And then, you know, I realized pretty quickly that clients really appreciated that optimization more than getting the site built, as I mentioned. Yeah. You know, it could have been two tin cans with a string between as long as it processed orders appropriately, they were happy. And we’re talking about some big brands too. And I was just shocked to find that out. So I really went around the country interviewing all of our best clients and said, you know, what, why did you choose to work with the good? And

05:18
All of them said that it was because we had that three-month optimization. They all confirmed to me that development was becoming a commodity. They did not really care about the development quality as long as it worked and was maintainable. They really cared that we were going to be there for three months and that we were doing at the time, which was very early on, testing. A-B testing, were using Optimizely, which was the only tool at the time with their salt.

05:47
And we were doing things like user testing and surveying after we had launched the site. And so all of that really turned into 18 months after starting the company, to me saying, you know what, that’s what people value. Why are we doing anything else? And so we did a hard pivot to focusing exclusively on conversion rate optimization as it’s become known over those years. And

06:11
It’s really been a wild journey to watch it kind of blossom and now it’s a buzzword everyone. It’s almost a commodity to that point. It’s definitely not a commodity. mean, I agree with you like buying a theme these days for any shopping cart like a Shopify or BigCommerce. It’s par for the course. What’s funny though is most of those themes that you see on there, they’re beautiful, but they aren’t necessarily optimized for conversions. So I want to make this episode as actionable as possible for the people who are listening.

06:40
So I figured let’s start with some low hanging fruit. What should just everyone be doing for immediate results, best practices? Well, I think the first thing is talking to your consumers. Very few brands, when they’re starting out, have enough traffic to actually be doing A-B testing. That’s where, when they talk about optimization, that’s often where they go first. Or they start looking at a laundry list of best practices that…

07:06
really is not going to be that helpful because it’s not tailored to them and it’s not addressing the concerns that their consumers are having. So the first thing they need to do is just start talking to your consumers. I’m not talking about putting pop-ups up that ask for survey online. I’m talking about actually emailing every consumer that makes a purchase or every abandoned cart and just saying, can you tell me about your experience? What’d you like? What’d you not like? One thing that even smaller brands could be doing is just

07:36
take a laptop and go to your local coffee shop and say, help buy you a coffee. If while we’re waiting for it to be made, you take a spin through your site, my site and tell me what you’re thinking as you do that. And I’ll ask you to do things like find the right t-shirt for you. Really broad generic prompts from there. to my listen to this by the way, because I actually used to call all of my abandoned car customers. It was kind of like stalkers, but I call them and I would ask them why they didn’t buy. And I bet you learned a lot, right? I did. In fact,

08:05
I’ll just give a quick example for the people listening out there when we first launched our aprons I noticed we had a pretty high abandoned cart, right and It was because we labeled these aprons by age like six to ten I think two to four I can’t remember the exact age ranges But people were it was ambiguous whether people who had larger kids or smaller kids whether they could actually fit in those evenings And so we changed the descriptions around and that fixed that problem, but I never would have found that out had I not

08:35
hauled a bunch of people. It’s funny you say that. We worked with Easton baseball, which you’re not familiar with Easton. They make baseball bats majority of their other revenue and about 99 % of Little League baseball swings are done with an Easton bat. And when they brought us on, they said, hey, you know, we’re having this huge issue with our online sales where we’re getting massive amounts of returns and B, we just aren’t converting as well as we should be.

09:04
So what do we do? We start talking to consumers and we found that it was the Little League players were going on the website and saying, mom and dad, this is the bat that I want. Or the Little League players are going on the website and just being overwhelmed with the choices. If you can imagine you pull up a bat website online, all the bats in the pictures look the same. It’s just a big wall of bats. You have no idea what the difference is between the colors, what the technology is.

09:32
And what we found in talking to people is the parents were even more confused than their children. And the problem was the parents were saying, know, I don’t know what this technology means. And Easton thought they were being, you know, really leading the pack by coming out with all this new technology, which was great, but they were giving it really technical terms. So they would use some branded term instead of just saying, hey, this technology reduces the sting in your hands when you hit the ball, right?

10:02
And so what we found was that we needed a way to guide these parents through the purchasing process. Now, the biggest issue that Easton was having was parents were returning these bats. And the reason they were getting returned is every bat is certified for the league the child is playing in. And parents didn’t know what certifications were allowed. So a kid would get up, would do batting practice and everything with their new bat, and they’d be really excited about it. Then they’d get up to bat and…

10:30
the umpire would not let them swing with the new bat. But it was already all dinged up and parents would get really, really frustrated, call Easton and say, hey, this isn’t a bat that my kid can use. Can I return it? So what we did is we put on the site a bat finder. Pretty simple. based on consumer research and just talking to consumers, we understood that parents need guidance in what bat they should buy their kids. We said, okay, let’s just ask four simple questions.

10:58
What kind of hitter is your kid? Are they swinging for the fences? Are they looking to bunt the ball, just get on base? Who knows, right? That’s going to alter the type of bat. In addition to that, what league are they in? Because then you can break it down by certification. Then from there, we were able to ask about height and weight, and that would help determine what size bat. From a handful of these small questions that are pretty obvious in hindsight, we were able to reduce the returns dramatically.

11:28
and increased conversions by over 240%. And it was just, you know, by doing little things like that, parents felt much more comfortable buying. They didn’t have to go to a retail store and they could whittle down this wall of bats online to three or four options that were different price points. So they could choose based on price, what would make most sense for them. Yeah, no, that’s a great story. So you recommend that anyone who’s just launching, just call the first couple of customers. I interrupted you when you were…

11:57
your thought there. Which questions do you ask exactly? Well, first thing is always just a brief, know, tell me about your experience, right? You’d be surprised is that if you leave it more open-ended, you’re gonna get better answers. Most people think you ask better questions, you get better answers, and well, that’s true. That happens further down the line. You really want to start broad and let people talk. Don’t interrupt them. Don’t, you know, take away from their thought process.

12:24
And this is where things like user testing really come in, where you just say, something broad like find the right bat for you. And just doing that, we were able to understand that they were like, I don’t know where to start. There’s a huge wall of bats here. Well, how do I filter these down? How do I find the one that’s right for my kid? So, you know, that’s the first thing is just start broad, then get more specific based on your products. Okay, now, you know what, you know, you don’t understand what bat is the right bat for your kids league.

12:54
Okay, let’s assume that it’s these four bats. Now what’s your next step? Right? And you just start going through that decision making process. And the whole point here is just to understand, you know, if your website’s a funnel, which most people get that concept, what are the steps in that funnel that you want your consumers to be taking? And then optimize that path by making it as easy as possible. Consumers are only at your website for two reasons. They have a pain or a need and they feel like your site or service

13:22
can help them solve that pain or need. And if they determine that it can, they want to convert as quickly and easily as possible and get on with their lives. So really anything that’s outside of those two is just adding barriers to the process. So you just really want to understand what those pains or needs are and then how to get them to find that product or service and then convert. For that Easton Bat example that you just gave,

13:51
Did they include that survey or whatever the questionnaire, guess, front and center, above the fold? Yes. So the BatFinder was the main call to action of what we put everybody into. In terms of an online survey, we didn’t actually have one online. I find that disruptive to the user flow and your participation rates can be pretty low. And what we also find is when you do an online survey, it turns into more of people asking questions that should be for customer service.

14:21
So the quality ends up being fairly low. Instead, we recommend just doing one-on-one or actually running user testing as opposed to running an online survey. Yeah, so just a quick plug for PickFu here. For $25, you can just ask arbitrary people to go do something and tell you about their experience. So I run this from my store. After every redesign, I say, hey, if you were interested in these products, would you shop at this store?

14:49
And sometimes I tell them to look for product just like you suggested and tell me about their experience. And sometimes they write these really long paragraphs, which are very helpful. Yeah, there’s some great tools out there for that now. the fact that you’re doing that customer research will put you in the top 10 % of e-commerce sites because not enough for doing it. would say out of the brands I talked to, even massive corporations, probably 90 % of them,

15:17
are not actively doing customer research in this manner on a regular basis. 90 %? 90 % we talk to. Even the big guys. mean, we work, you mentioned all those brands we work with. I’ll spare their souls right now, but I would say that the reality is, first thing when we come in is, here, customer research can you share with us? And they’re like, well, we haven’t done any for a very long time in terms of onsite research. Well, that’s good to know.

15:46
So if you guys are listening out there and you start doing this, you can probably beat out a lot of the bigger guys by being small and nimble. Exactly. So what are some of the common mistakes that you’ve seen people make then with the clients that you’ve worked with? Well, think that anything that interrupts that customer journey. So what do mean by that? Well, if I could eliminate two things from the internet, one of them is going to be email pop-ups. I knew you were going to bring that up. So yeah, let’s talk about that.

16:16
Yeah, so here’s the reality. So many brands interrupt the consumer’s journey right away. Now think of your site like a retail store. If I were to walk into a retail store and an associate would jump out in front of me with a clipboard and say, you know, give me your email address. I probably would have a pretty negative reaction to that, right? It’s not the journey I’m looking for. I’m coming to browse the store. I have a pain or need I’m here to solve.

16:46
and you’re interrupting me. Your first thing you’re doing is saying, give me your information. And it’s like, well, I don’t even know if you can help me yet. Why do I want to do that? And so I think that that’s the first challenge is you’re just getting people off of their shopping journey. The second thing is that the quality of emails you’re going to get, it’s going to go down dramatically, which has a long tail effect. It’s going to hurt your deliverability.

17:13
It’s going to start hurting your conversion rates overall. Most people look at these and they say, you know, John, these email signup forms work. And it’s like, well, okay, yeah. Do they collect more email addresses? Perhaps. What’s the quality of those email addresses? What damage are you doing else to your site? Right. Not only that, but most brands then offer discount. They do a dollar percentage off, which is the easy button.

17:40
They hit that easy button and say, I’ll give you 10 % off for your email address. The reality is you are now telling consumers who have just come to your site, have not researched your products, have not found the one that’s right for them, haven’t even seen pricing perhaps. And the first thing you’re telling them is our products aren’t worth what we list them in charge for. They’re worth 10 % less. And so you’re immediately putting people in that mindset of discount brand. And that’s not a sustainable place to play. It just isn’t.

18:10
Am I all for growing email list? Yes, 100%. I know you had Chase Diamond on the podcast and he and I have become good friends. know we all hung out at Geek Out. He is great at these email pop-ups and I agree with him. Emails should be your number one converting channel. It should be the highest revenue earner for you. But that assumes you have a quality email list.

18:36
And so you have to really think about where you’re collecting those emails and what you’re doing in exchange for those emails.

18:45
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.

19:13
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.

19:43
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 a couple of questions on that. So the average conversion rate is 2%, right? And unless you have someone to bring something to or some way to bring people back, that means 98 % of your people are leaving and probably aren’t going to come back, right? So how do you mitigate that? So what do you recommend instead then? Well, I think that

20:11
you should be really focusing on under, first of all, understand that it’s okay if 98 % leave as long as you convert those 2%, right? It doesn’t really matter if what your conversion rate is, as long as it’s always improving. So yeah, there’s an average out there, but you know, really just focusing on your own conversion rate and saying, what can I do to increase that? You know, day over day, month over month, et cetera. That’s really where you’re going to see gains. But the reality here is,

20:41
It’s okay to collect email addresses, just collect them within the page, right? Have it in your footer on every page. But you don’t necessarily need to have it be a pop-up that interrupts the flow as soon as somebody gets to your site. I’m all for exit intent. I think that works extremely well. know, people are showing intent they’re gonna leave. Okay, hit them up with something. But I would do a promotion, not an offer. So what I mean me an example. Yeah. Okay.

21:08
maybe you have free shipping orders over $50 for everybody. Say, hey, you know what? Give us your email address. We’ll give you free shipping on any dollar value for your first order, right? Doesn’t cost you anything. Doesn’t degrade your brand, but gives them a benefit, right? So it does cost you something, It costs you something. Excuse me. Yes. Very little comparatively, right? Uh, you could do free gift with purchase.

21:32
Right? So you could do something around bundling. So, Hey, if you want, here’s a special price on this bundle. In a sense, you’re giving a discount, but you’re not doing it in the same psychological method as just a dollar percentage off. one thing we do with our site and just, just kind of commenting on what you just said, we offer a free handkerchief for anyone who gives us their SMS number. And that actually works really well.

21:59
You can’t fake an SMS number like you can an email, which is why I’ve been leaning more towards that avenue. Is that generally what you’re talking about here? Yes, exactly that. And I do see the same trend. I see a lot of the brands we’re working with having a lot of success with SMS. And I agree, it’s because you can’t fake it. You could go get a Google voice number or something, but it’s a lot harder to do that.

22:27
then everyone has a Gmail address. Everyone has that extra junk email that they sign up for all this stuff just to get the discount and then never open or read those anymore, which hurts your deliverability, right? So it’s one of those things where really just making sure that you’re offering something that is of value to the customer likely doesn’t cost you any more than what you were doing with the dollar or percentage off. But…

22:56
is not that same psychological trigger. Right. Here’s just my general philosophy on discounts versus giving away free product. When you give away a free product, chances are your margins, like if your margins are pretty good, like the perceived value of that product greatly exceeds what you’re giving away. Whereas if you give away a percentage discount and your margins are pretty high, you’re giving away a lot more money than just giving away a free product.

23:22
Plus a free product just sounds better to me psychologically as well. A hundred percent. That is very, very accurate. I always say that discounting is not optimization. It is margin drain. So many brands default to discounting to increase conversions when they don’t need to and they’re artificially hurting their margins. So do you recommend, okay, so you said Exit and Ten pop-ups are acceptable for you.

23:52
And then emails in the footers, no one really ever signs up there. Like I have one in my footer too. mean, if you don’t use pop-ups altogether, then it seems like the only way to get an email is through checkout, right? I think that card abandonment and getting that email in that way is extremely effective. baking the form into your page where people have intent to purchase or interested in your product is something that can work extremely well for you.

24:22
Yes, I agree, very few people are gonna do it in your footer. The reality is you want it there for those high intent signups. And so that it’s on every page makes it easy. But I agree with you, most people are going to do the exit intent. They’re going to do something where it’s along their journey perhaps, or exactly when they’re leaving. But again, there are lots of ways to grow your contact.

24:49
list, right? You could do it through ads on a specific landing page. Hey, you know, give us your email address, get a free handkerchief as you mentioned, and we’ll, you know, just be very open to what you’re going to do. We’ll email you once a week and we’re going to send you, you know, promotion once a week, or we’re going to send you the latest product launches. Just be really upfront about how often you’re going to email people, what you’re going to email them about, and that you respect their privacy, aren’t going to, you know, sell their email address, et cetera.

25:19
Okay. So that was your first point, which we talked about 10 minutes on already. What was the second thing if you had your druthers? Well, I think that the other thing that I would I would look to remove would be the discounts, which we already talked about as well. pop ups and straight dollar and percentage off discounts. By the way, on the order of discounts, I recommend everyone listen to Kevin Steckos episode on my podcast, we did a breakdown, like if you give a 10 % off coupon, you have to make

25:47
significantly more money to make up for that discount. Like we did the math on that episode. I know math isn’t that attractive, but it was something surprisingly high. Whenever you, what seems like an innocuous discount can really drain like the profitability of your store. It’s impressive when you, when you start doing the math. And I think that’s the thing most people don’t, right? They see 10 % and they’re like, it’s just 10%. My margins are 40%. Yeah, but it’s 10 % off the top. That math really doesn’t work out in the same way.

26:15
So I’m glad to hear you doing the math for folks. That’s awesome. It ended up being a good episode. I don’t want to detract anyone listening from the math aspect of it, but just do a search for Kevin Steckow on my site. He did a whole analysis and you know what he ended up doing? He stopped doing discounts and I think he almost doubled his prices. he like halved his sales, but he ended up much more profitable than he was before. It was a pretty interesting episode. I’ll have to listen too. That sounds great.

26:45
Okay, so I know during your geek out talk, I saw you show pictures of all these tools that you use to help with the conversion process. Can you just kind of talk about your process for your clients and what tools you use? Yeah. Yeah. So there’s a handful of tools that we use. Some are more enterprise level, um, and some anyone can, can really get access to, but there’s really four key types of tools and data that every brand should be considering. Uh, the first is just.

27:15
Analytics right you can use Google analytics But really just want to have a good understanding of the funnel and how people are engaging with your site What paths are they taking through the site most people look at GA and they say oh traffic levels, etc I mean that’s fine But what we use it for is more What are the paths that people are taking through the site and what steps are they dropping off at? That’s really just a high level. Where should we start looking right for optimization?

27:45
Just where on the Google Analytics can you find that information? Yeah, so there’s a great view, and it’s changed a little bit in GA4 that recently came out. it’s still there. It’s just buried now. There’s this great view that looks like it has a vertical column step out of each page.

28:06
And then it makes like a, we call it the octopus view here because it has all of these views that kind of show you how people are going through the site and then where they drop off. So it’s a, I’d have to look at GA4 to figure out exactly where it is now. I’m not in there every day, but that is the best view. it’s, my understanding is it’s a little more buried now, but it’s really just the paths that people are taking through your site. So I know which view you’re talking about.

28:34
but I’ve never actually analyzed that before. So what are you looking at in particular? I’m looking at what steps are people dropping off? Because it shows you the bounce rate from each of these steps, right? And the abandonment rate. So I’m saying, okay, well, obviously homepage is going to be the highest. Always is, you know, that’s where the most people are going to bounce and that’s okay. The whole goal of your homepage though is just to get people to the next step in the funnel. That should be it. Shouldn’t be to convert. Shouldn’t be to even get an email, sign up.

29:04
That could be secondary. Really the whole point of the homepage is just to get people to that next step. understanding how many some guidelines by the way? Like when should you be worried about your bounce rate on your homepage? Like at what level? Well, I think that if you’re going to put a percentage on it, you’re likely going to see upwards of 60, 70 % of your visitors bounce off the homepage. Okay. And that’s okay as long as they’re spending…

29:34
10, 15 seconds on that page, that’s okay. If they’re only spending a second or two, then something’s wrong, right? And the reason is, is we do a lot of what we call five second tests, which is another bit of data we can get into around some of the more, know, qualitative pieces of data. The five second test is where we send people to a homepage, a landing page, product detail page. We show it for five seconds and then take it down and ask a set of questions.

30:04
Those questions are things like, what was the first thing you noticed? What do you recall about this page? Again, high level questions. And then it’s things like, asking specific things. Based on this page, what type of bat was best for you? Just go back to that example. And so then now we’re helping people understand how well are these pages being absorbed? And if it’s not being absorbed in that first five seconds, you’ve likely lost them.

30:33
So that’s a great place to start is just what sticks with people. What are they noticing? We see this all the time on homepages where people are promoting a single product upfront at the top of their homepage, right? That massive banner area, marketing teams get a hold of it. Next thing you know, it’s some marketing messaging about a new product launch or a blog article or all these things that aren’t helpful to the consumer. The consumer wants to know in that first five seconds,

31:02
What pain or need are you solving for me? And how am I gonna, how is it gonna help me? What’s the benefit here for me? And so often that’s not done in one product. Often that’s done more of a branding messaging. What do you offer that is a little bit different? How does it help them? And if you can communicate that in that main marketing area very quickly, you will convert more people and you’ll see your bounce rate decrease.

31:31
because people will continue to scroll and they’ll go to that next step in the process, which is really, again, all you’re trying to get them to do from the home page. So if you sell a lot of different product categories, you’re above the fold. Let’s say you do a really good job of saying what you’re about. What’s that action button? Where should it go to? Typically, I want that to go… First of all, I’m not a huge fan of having a call to action in that main area. Interesting.

31:57
I want people to get the message and continue to scroll down and have some other options. The reality is most people aren’t going to click that, at least not intentionally. And it’s even worse if it’s a rotating banner, because what we find there is that that decreases the clicks dramatically. Notre Dame University did a big study where they found that 1 % of people click those banners and then it decreases to another 1 % of that 1 % for each slide.

32:27
after that. So your odds are really, really low of getting people to click those to begin with. And, you know, there is no, you know, again, what do most people do there? They have a button there that sends them to that one product where they really are limiting how they can help that customer. Cause they click on that, they see that one product that’s not the fit for the pain or need they have. They’re going to leave. Interesting. So what I do is I have a button above the fold. Most people actually click on it. The last time I did a heat map test,

32:57
I take them to another set of categories where they can choose the category and filter their way down. So from what you just said though, it sounds like you want people to just scroll down and not click on anything and continue reading the page. Right. And they will scroll down. People scroll now. We look at hundreds of heat maps a week, scroll maps, and I can tell you that people scroll. There’s no more of this above the fold. We’re becoming a much more mobile society with mobile devices.

33:27
what’s the first thing we do on mobile devices? We start scrolling, right? And so it’s just inherent anymore that we’re used to doing that. But if you have a marketing message that takes up the entire, let’s just say the first frame you see in a desktop web browser, you’re losing out. It really shouldn’t be a massive image. You should just have it be maybe a third of that page at most. So I recommend limiting the size, the height of that.

33:55
and then really getting into the products below. Interesting. So in a hypothetical layout then, so you have your value props and exactly what you do kind of in that first two thirds, it sounds like, of the page. And then what is the rest of the flow on down the page? Well, the rest of the flow needs to be hitting on their major product categories and kind of doing some wayfinding there for people, right?

34:22
And then helping them understand a little bit about the brand, ideally, right? So if people are interested, but they just wanted a little bit more about the brand, they can keep scrolling down for that. And then just go straight to the footer. And in your footer, you really need to have, again, your product navigation on the far left, ideally, some of those help utility links in the middle. And then on the right needs to be all your contact information. And I’m talking a physical address, a phone number, and an email address.

34:50
We call that the trust trifecta. You need to have all three there. The reason being is that a lot of folks were finding are scrolling all the way down, especially during the pandemic. What happened was a lot of people who weren’t ordering as much online were now forced to, right? My parents for one, right? A little bit older generation. They were comfortable buying things online, but…

35:13
They weren’t as comfortable just going to every single direct-to-consumer site and buying things, right? They were more comfortable going to an Amazon, something of that sort that they had some trust in. But now what they’re doing is they’re scrolling down to the footer and they’re saying, okay, is this a legitimate company? And the first things they look for are that contact information. Is this company hiding behind the internet? If they’re not, by giving all this contact information, then they immediately feel a little bit better and they trust that brand.

35:41
I think that the whole point of the homepage is again to help people get to the next category, right? Understand to start filtering their way down and to say, this is how we help you solve that pain or need and you can trust us. If your homepage hits on those three things, people will take the next step in that funnel. So one thing that I remember you saying in your presentation was in regards to the menu, the nav menu. And I remember you saying you recommended removing everything.

36:11
pretty much except for the product Nav. Can you elaborate on that and why? Yeah, so the first thing and especially in Western cultures, right? We look in the top left hand corner and then we followed that F pattern, right? So the first thing you do is look top left hand corner and then you look over to the right and you start seeing that navigation. What we see when we do eye tracking studies is a big drop off in the navigation when brands start talking about themselves.

36:39
So it’s links like about us, our history, our founders, all these types of things that brands love to put up there. The problem is it’s not what the consumer is there for, or it’s not helping the consumer answer those questions, right? How is this going to help me solve my pain or need that I’m here for? So if you focus on the product categories and make your navigation product focused, people get a very

37:05
quick understanding of what you’re selling and are they in the right place. And so then that’s where the branding message that comes right below that in the marketing area can really be a beneficial help to, yes, we sell these products and now I can tell you what makes us different, how we can benefit you. And then you can get down into the product categories again below that. So it does all need to work together. If your navigation starts off with something that just says shop, for instance,

37:34
that doesn’t give the consumer any information about what it is you’re selling, how you can help them. And they’re not there to read your blog, right? So many brands put blog in the navigation. The problem is the blog is great for driving traffic. It’s great for SEO. Horrible for converting, right? A blog is always going to be the lowest converting section of every e-commerce site. But that content could be really helpful on a product detail page.

38:01
right, where you call it out and say, hey, here’s a blog article. has a lot more information about this feature. If you really want to dive into that and click here and read more, here’s a little summary, but it’s not really great for your main navigation where you’re sending essentially people back up the funnel, right? The blog is very top of the funnel. I always would suggest putting that in a funnel above your homepage because it really is going to convert less than your homepage.

38:27
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

38:55
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,

39:22
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.

39:47
Actually, my philosophy on the blog is the traffic should be one way. You’re driving traffic from the blog to the store, but they shouldn’t go back to the blog from the store. Yes. And if there’s information there, you should just incorporate that into the product description if that’s helpful. Exactly. What about the About page? I think an About page is helpful further down on your site. It’s definitely helpful in your footer. It’s not helpful in your main navigation. Again, if people…

40:16
understand you can help solve their pain or need, then secondly, they might be interested in who are these people, how can they help me? So is the goal to make your menu just concise or are you suggesting just like literally breaking apart your product categories and replacing some of those other elements with more descriptive product categories in your nav? Well, I think it’s a combination of both and I say that because we really don’t want more than

40:45
five to seven items in a navigation and seven’s really pushing it. When we do eye tracking on these and click tracking, we find that over five and people stop looking at the navigation. Okay. And so we can see altogether, stop looking at the Yep. So they get to that about fifth item and then their eyes just dart right down because they’re like, okay, I kind of get it. I’m going to go down and start looking at the rest of the page. And so…

41:12
Really, if you keep it to five, you’re going to have their attention on those items. And anything that comes after those five is likely not going to get as much engagement. Interesting. By the way, what software do you guys personally use to check all of these things? So a couple of different options. We’re fans of Hotjar. It’s the best data quality out there for heat maps, click maps, and scroll maps.

41:40
For eye tracking, we own a company called VisualEyes, visual, E-Y-E-S dot design. That allows you to do artificial intelligence eye tracking. So it’s a great tool that has about a 95 % accuracy rate, meaning that we have been training and fed that IP and that artificial intelligence for years with eye tracking studies and things of that real eye tracking.

42:10
And what that has done is train that AI pretty efficiently at this point. So you can get an artificial intelligence eye tracking study instantly on a page that gives you a heat map of where people look that is statistically significant for the most part. Is that tool available to smaller companies? Okay. Yeah. Intentionally, we have a price point at, you know, I think it’s like 50 bucks a month.

42:36
something that is extremely reasonable for brands of all sizes. Just to make the distinction in case people are listening out there, what he’s talking about is eye tracking, not mouse tracking. I remember asking you how it worked exactly, but I think you obviously you don’t have cameras tracking someone’s eye, but supposedly you use statistical analysis to determine where people are looking at based on how they’re navigating the page. Is that accurate?

43:00
That’s accurate, right. Yeah, so HotJar will give you mouse tracking, right, which is going to tell you in aggregate where people’s mouses are out on a page. Now, that is great data in the sense that on a desktop, most consumers don’t recognize it, but your eyes are following your mouse around the screen. So there’s some relevance there, right? But it doesn’t tell you how far people are reading on a paragraph.

43:28
where they’re dropping off in that content, how long they’re looking at something, because often you’ll leave your mouse while you’re reading a paragraph, you’ll leave your mouse in one spot. So you’d see a hotspot there for the mouse tracking. Eye tracking will tell us what gets people attention. How much are they reading of that content? How long are they spending reading that content? So it gives you an extra layer of data. it is the way, you you can get actual eye tracking studies that track people through a camera.

43:58
And we do feed that into our algorithm. Quite often we do. We update it at least once a quarter with studies. So we continue to evolve with the trends that are out there. But yeah, the reality here is the goal with the artificial intelligence version is to be able to have those eye tracking studies immediately. So within seconds, you get that back from an algorithm versus having to wait.

44:27
days to weeks to get a true eye tracking study and compensate people and they know they’re being watched. So their behavior is a little bit different typically. You know, the other takeaway that I took from your talk and I’ve yet to implement this on my side, but it’s on my to-do list is to make buttons for every product in every category. Just having the images there, it might not be obvious for some people. You know what the kicker here is? Like as soon as I went to your talk, like literally like

44:56
three weeks before your talk, I had someone come to my site after clicking on an ad and go, hey, I couldn’t find your products or like I couldn’t find prices of your products. And it turned out they were looking at my category layout and they thought those were the products, but they couldn’t find the prices because you’re supposed to click further to find the products. Yeah, it’s one of those things that, you know, I like to say this often, but it’s really hard to read the label from inside the jar.

45:26
Right? We as e-commerce site owners, you’re so close to your site. You’re on it every day. You know the ins and out of your products. You know the pricing. You know the answers to all these things, right? But a new to file customer who clicked on an ad comes to your site, has no clue. They have no context. So to them, it’s a whole new world and they have challenges like that. So while it seems…

45:53
Like, do I really need to put a button on this? They can click on the image. Yeah, I get that aspect because you’re on your site every day. But a new to file customer, you need to tell them where they can click and what they should be clicking on. And the best way to do that is consistent call to actions throughout your entire site. mean, just basically make it super obvious for anything that you want people to do on your page, like super obvious. Yeah, tell them what you want them to do. Exactly.

46:22
Exactly, kind of like what my wife does. Although she makes me think about what I think she wants me to do. that’s different trap for a different answer. Well, cool. John, we’ve been chatting for quite a while and there’s a lot of great takeaways here, which I would say the biggest one is to actually talk to a real human or talk to your customers, I should say, about your products. mean, that’s the best way to get feedback. it’s, you know, what’s funny is like

46:49
When I first started calling abandoned car customers, everyone thought I was crazy, right? But the way I did is I’d call them up and I’d say, hey, I noticed you inserted this item in your car, but you didn’t check out. Would you mind telling me why? And don’t worry, we’ll just send you the free product regardless, right? And by giving away a free product or a major discount, it depends, they’re gonna be more than willing to tell you why and everything that you wanna know. And that’s such a return on that investment too, right? You think about how much that cost you versus

47:18
the information you gathered and you would have had to pay to get that, it’s well worth it. And the other thing I took away is best practices are really not best practices. Like your own store is going to be unique and you got to figure out what your own best practices are going to be. So true. And it goes with conversion rates too. You know, so many people are looking at their competitors and saying, what’s their conversion rate? I think I can do better or

47:44
I don’t need to optimize my site anymore because it’s better than the average. The reality is we work with hundreds of brands and I can tell you that I’ve seen a lot of these brands we work with out there touting what their conversion rates are and their data and then we get in there and I’m like, that’s not really what it is. So you just don’t know what the competition is saying in terms of their conversion rates, if it’s accurate, if they’re looking at the right data and you don’t know if what they’re doing is going to work for you.

48:14
So definitely want to focus on your own conversion rate and the growth of that and the iterative approach of just day over day looking to improve it a little bit. See, I never actually understood the concept of a global conversion rate because it depends on the quality of traffic, right? I did a conversion rate study on my blog many years ago when I did the redesign. And what I did is I only looked at Google traffic because that’s consistent. It’s a consistent conversion rate before. But when people start telling these conversion rate numbers, do they mean like aggregate?

48:43
like including the blog and everything. It was always very unclear to me. Yeah, that’s exactly it. You just don’t know. And that’s what I’m saying that, you know, when the customers come to us, they’re not lying about their conversion rate. They’re just looking at inaccurate data or they’re calculating it way different than we would. And so I’m with you on that. It’s really hard to compare numbers. You just don’t know if it’s apples to apples. Hey, John, so where can people find you online? What types of brands do you work with? Tell me about the tool as well.

49:12
Where can people find you? So the good.com T H E G O O D.com. Great domain by the way. I don’t know how you snagged that one. That’s a story for another podcast that involves a gentleman on a yacht that I kept bothering for months until he gave up. yeah, the, you know, I think the website at the good is, a great way to get familiar with our

49:36
conversion optimization offerings. have products for SMB, smaller side includes things like our conversion growth assessment that will come in and assess three pages of your site, give you video teardowns of those and eye tracking data, et cetera, like I’ve mentioned today, very actionable all the way through our conversion growth program, which is our most popular product that is an ongoing month to month optimization of your site, including things like AB testing.

50:05
Et cetera. So lots of good options there. But if you have questions, feel free to just email me. I try to respond to every email. It’s just John, J O N at the good.com. Cool. Well, John, I appreciate your time and come on the show. I’m sure the listeners learned a lot. Thanks for having me. Appreciate it.

50:26
Hope you enjoy that episode. Now conversion optimization is one of the best ways to grow your sales because it affects every aspect of your marketing. For more information about this episode, go to mywebclearjob.com slash episode 379. 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 dv.

50:54
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 mywifecoderjob.com slash K-L-A-V-I-Y-O. Once again, that’s mywifecoderjob.com slash K-L-A-V-I-Y-O. Now I talk about how I use these tools in my blog.

51:22
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.

I Need Your Help

If you enjoyed listening to this podcast, then please support me with a review on Apple Podcasts. It's easy and takes 1 minute! Just click here to head to Apple Podcasts and leave an honest rating and review of the podcast. Every review helps!

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!

378: Follow This Strategy And Never Depend On Amazon Again With Shep Hyken

378: Follow This Strategy And Never Depend On Amazon Again With Shep Hyken

Today, I’m thrilled to have Shep Hyken on the show. Shep is the founder of Shepard Presentations and he is a customer service experience expert and keynote speaker. His agency works with companies to build relationships with their customers in order to increase repeat business.

In this episode, we talk about how you can stop relying on Amazon for all of your sales and build a loyal customer base for your brand.

What You’ll Learn

  • How to build a loyal customer base for your brand without depending on Amazon
  • How to implement an effective customer loyalty strategy
  • How to get customers to buy again and again

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 delve deeply into the strategies they use to grow their businesses. And today I have my friend Shep Hyken on the show and Shep is the founder of Shepard Presentations. He is a customer experience expert and he helps companies build relationships with their customers. Now in this episode, we discussed how you can stop relying on Amazon for all of your sales and build a loyal fan base. But before we begin, I want to thank Postscript for sponsoring this episode.

00:27
Postscript is my SMS or text messaging provider that I use for ecommerce 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 ecommerce 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-E-R-I-P-T dot I-O slash div.

00:57
I also want to thank Clayview, who’s also a sponsor of the show. Now, are you 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 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 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. Now these companies connect quickly with their customers, collect their information,

01:27
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 mywife. That’s K-L-A-V-I-Y-O dot com slash mywife.

01:53
And then finally, I want to mention a brand new podcast that I recently released with my partner, Tony. 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 onto the show.

02:24
Welcome to the My Wife, Quitter, Job podcast. Today I’m thrilled to have Shep Heitgen on the show. And Shep is actually someone who I met on a panel we were both on for Small Biz Trends, where we discussed how to establish a brand off of Amazon. Now Shep is the founder of Shepard Presentations, and he is a customer service, experience expert and keynote speaker. And his agency works with companies that want to build relationships with their customers and their employees. He’s also a Hall of Fame speaker.

02:50
and a New York Times bestseller and Wall Street Journal bestselling author. He’s got a new book called I’ll Be Back, which is a reference to my favorite movie of all time. And today we’re gonna talk about how you can get yourself off of Amazon and build a loyal customer base for your own brand. And with that, welcome to Show Shep. How you doing? Hey man, it is great to be here. Thanks for having me. Awesome, yeah. I had a really good time at the panel. And as I mentioned earlier, I really enjoyed your presence on that panel and I had to have you on the show.

03:20
Wow, thanks. Well, I appreciate that. Honored and flattered. Not necessarily in that order. Give us a story. How did you get in? How did you get started with customer service? Had that lead to what you do today? Yeah, well, I mean, many of the people listening are entrepreneurs. They own businesses. I started in my first business at age 12 and it was a birthday party magic show business. I was it was great. Twelve years old in my first gig.

03:49
to a bunch of screaming kids. I come home, my mom says, go write a thank you note. My dad says, a week from now, call the parents, make sure they were happy. Ask them how good of a job you did. Were they happy with that? What specifically do they like about the show? Now had no idea that was called customer service or customer experience because it was about showing appreciation. It was about listening to customer feedback. It was about improving the show with that feedback, taking action, process improvement, if you will.

04:17
And that was kind of ingrained in my brain. Now I’ve always been a people pleaser. Even when I had regular jobs, work at a gas station, it’s a self-serve gas station. People pay inside where it’s nice and warm on a cold winter day. But one day an old lady showed up. She was very old. I’d seen her before. It was the coldest day. I went out and pumped her gas. Why? Because it’s the right thing to do. What happened? My manager yelled at me. What? Okay. I know, I know.

04:44
I said, I want her to come back here instead of the station across the street. She’s a very nice lady. And he says, well, she’s going to expect that every time I go with them letter. She’s like 90 and all. it’s like two degrees outside here. Let’s let’s, you know, help her out. So I’m probably aging myself, but back in the day there was like a first full service aisle and all the gas stations that I used to go. Well, there was when I was really, really young.

05:10
I worked at a gas station. My family owns some gas stations and I was like 12 and it was full service. Check the oil, the whole deal. But by the time I was about, well, I was in college and working at summer jobs during high school and in college, it was all self-service. And at one point we actually did go out and reset the pumps manually, but people had to pump their own gas. But eventually, like today, you pump your gas, you go inside and pay for it or you pay for it now at the pump. back then…

05:38
You actually had to come inside. So, but that’s where it started. 1983, I’ve been out of college, actually 1982, been out of college for not even a year. And I start the idea of I’m gonna get into my own business. I’m gonna be a professional speaker, like Zig Ziglar, who I had seen and Tom Hopkins, a sales guy. And I said, I can do that.

06:00
And I, by the way, so I graduated from birthday party magic shows to working in nightclubs and doing corporate events and private adult parties. And it was a regular, you know, thriving business while I was in high school and college. But when I came out of college, I didn’t want to do that the rest of my life. So I started to do, you know, um, I looked at the speaking business and when I went to the bookstore to get research and buy books, there was maybe one shelf of business books, but four or five of them.

06:28
had to do with customer service and experience, which was what I was drawn to, probably because my parents ingrained this in my brain. And that’s where it all started, way back then. I bet that was before you were even born. Perhaps. You young whippersnapper you. You’d probably be surprised at how old I am actually. I know, I know. It’s the ageing genes. I’ve been doing it for a while now, about 30, almost not quite 40 years. And I know I don’t look it, and I know people can’t see me.

06:56
But hey, I’m bald so you can’t see the gray hair. So Shep, what I was hoping to do today was to go in depth on the best way to implement a customer loyalty strategy where you would start. And you know, that panel that we were on, I thought we’d just add a couple more hypotheticals to the mix. Like let’s say I’m an Amazon only shop and I want to focus on my own site and brand. How can I make things memorable? So let’s just start from there.

07:22
Yeah, well, you have to make the experience extremely easy and convenient. I actually about two years ago wrote a book called The Convenience Revolution and we’ve taken some of that and put it into the new book. I’ll be back. And the idea behind this is everything’s streamlined. Everything’s easy. And let’s use Amazon as a comparison. What do people like about it? It’s intuitive. It’s easy. There’s no real hassles. There’s few steps. As a matter of

07:51
If you’ve bought something before, you don’t even have to open up the computer or turn it on and go to the website. just say to your Amazon Echo, I’m not going to mention her name because she’s right behind me. She’ll start talking to me. But hey, I want more toilet paper. And next day or even even sooner than that, you get toilet paper. But the whole idea is any company that wants to compete in the e-commerce world or really any business.

08:20
And I’ll even go as far as saying it’s not just B to C, it’s B to B as well. You have to create this convenient, frictionless experience. And I’ll give you another example completely outside of the typical, you know, let’s sell a product online. Let’s look at the airlines. I love them because everybody knows what it is to fly in a plane. Most people have been on a plane. Most people made reservations, but look at the intuitive, easy process it has when you go online to any of the major airlines and book.

08:49
A ticket. Delta Airlines was the first to do this. And then eventually you checked in online and you printed your boarding pass, but now you just bring it on your mobile device. So this was great. Can you imagine, would you want to do business with an airline that didn’t have the ability to go online and book your ticket? Absolutely not. But it can be hard to mimic the Amazon experience on your own site though, right? Well, I’m going to disagree with that.

09:18
It’s hard to mimic it. It’s not hard to create the convenience that Amazon is. You’ve got to recognize that every time you put a step into the process, you make it harder for your customer. In that book, I mentioned the convenience revolution. I talk about the Wall Street Journal and about how they gained subscribers or didn’t gain subscribers. And one of the things they recognize is that

09:46
every field of information that you ask about your customer, each one had a diminishing return, meaning it was a little less likely that they would get all the way to finally checking out. it could be, boy, I’d sure like to know something that’s not important to the making the sale, but it would be nice to know if they’re male or female. I’m just making this up. It would be nice to know, I don’t know, something else about them. You know, what’s their age.

10:15
That’s information that’s irrelevant to the sale, but it’s great information to have, which once you’ve made the sale, you can go back and ask. Right, yeah. You know what’s really funny about your story just now is I got invited to speak on another person’s podcast, and I’d never heard the podcast before, but they sent me this form that was three pages long, and in the end, I decided not to go on it because I was intimidated by the form. Like, I don’t have time to fill all that stuff out. Right, and by the way, intimidated.

10:45
could sound like it made you back off and maybe because you were felt intimidated. You probably weren’t intimidated by the form, you were aggravated by the form. Yes, that’s probably the right term to use. Like I didn’t have time to fill out, like I have to write paragraphs. And now there are some podcasts like yours that’s so big, huge, wonderful and well accepted that we would be willing to fill out a 10 page form just to be on your show. Seriously though, some…

11:11
podcasts are of that where they wanna make sure that there’s a good fit. And I understand what they’re doing, but at the same time, make it easy on the guest. And a lot of times if they reached out to you, why would you have to fill out the form? Years ago, I wrote a book that was published by Wiley, which is the second largest publisher in the world behind McGraw Hill. And they reached out to me and asked if I would do a publishing project with them. And I said, you know what, tell me what this,

11:39
what you’re looking at, know, give me an idea of, you know, what’s my advance gonna be, et cetera, et cetera. And by the way, the book business has changed, but back then they offered me quite a nice advance. And then they sent me this proposal form for, not for them to propose that I’m the author for them, but for me to propose I’m the author. I need to propose to them why they should use me. And I wrote back, it’s because you called me, that’s all I wrote. And then they wrote back saying, okay, we get that.

12:08
Can you just give us a sample of what we’re buying? So I sent them a bunch of articles, but then I also, they asked for what my platform was, what at least I could give them to make them feel good about giving me this money. And I did give them what my plan was. I told them how many audiences I’m in front of speaking live. I tell them how big my newsletter list is and how I’m going to promote it. And it’s all they needed to put it through, but I didn’t have to fill out that endless amount of questions they seemed to have.

12:38
that most new authors would have as they, you know, want to be considered by Wiley. They were very cool about it, but I also recognize I was very lucky because I would not have gone through that process unless I really wanted to be published by them. Shep, what are some other convenient things that you can do with your physical products brand? With your physical product brand? Well, I mean, let’s talk about the whole concept of convenience to start with. Okay. Number one.

13:07
No friction or low friction. Journey map your business. And this is fundamental to any business. And when I say journey map, that means what does your customer experience from the moment they may find out about you? It could be they see an ad. It could be they do a Google search. They land on your website. They learn about you. They call you. Depending upon the kind of business you’re in, they may come in and see you versus do it all online. What’s the journey?

13:36
Look at every one of those interaction points that you have with your customer. Some of those are people to people. Many of them might be a digital experience, just learning what you have online. Map those out and ask yourself, at any given point, can I make this easier? And figure it out. Also, by the way, internally, what happens behind the scene to drive those touch points that the customers experience on the outside? And there might be some internal processes that you need to manage.

14:05
and make easy for your employees or create a process that’s easy internally to be able to drive a external touch point. So that’s the first step is to create that journey map. And when you start to look at where all these interaction points are, you’ll start to see the friction. I’ll give you the quick six principles. Number two is can technology be built into any of this? For example, I just made an appointment with my dentist and I didn’t have to call.

14:34
That’s so old school. I just go online. I have my log in and I look at their schedule. I look at mine and make my appointment. So easy to do. Number three is can you incorporate a self-service option? Self-service in the buying process? That’s great. Look at what auto dealerships did during COVID. You can go online, create your car, and then the dealership will connect with you and they will bring you a car to look at.

15:01
or it will be waiting for you when you show up. And you did most of everything online. But on a customer service slash support standpoint, do you have frequently asked questions in a knowledge base where customers could go to get basic information? Some of you might have, some of our listeners might have the ability to do online chat. It’s very inexpensive to do AI.

15:23
Infused online chat today, you know years and years ago when I see years or five years ago seven years Would cost a lot of money and would be prohibitive to many people but today You know for a minor setup fee and a monthly fee I don’t know under $100 a month you can you can have you know a chat bot helping your customers so it’s self-service Delivery, can we take it to the customer as we do this interview right now? My lunch has just been delivered. So

15:51
what can we take to the customer and make it easy for them? Number five is a subscription model. By the way, these aren’t necessarily in the exact order, but the subscription model is very powerful. Recurring revenue to the company is always great, but you wanna know what else is great for the customer? To have something show up on a regular basis or to subscribe to a service. We subscribe to magazines and newspapers, but we can subscribe to software.

16:19
That software is a service. We can subscribe to products that we use on an ongoing basis. It can be delivered to us. Companies like Chewy.com started very small, delivering dog food to people’s doorsteps so they didn’t have to go into the pet store and carry a heavy bag of food. Now they’re one of the biggest pet suppliers in the retail world today. And finally, number six is access. You know, if we’re online, there’s 24 hour access to learning about our business. If we’re a business that’s open from nine to five.

16:49
you who are you trying to serve? If you’re trying to serve the public, you’re really only serving the unemployed because you’re the ones who are the ones that come in between nine to five in your store, right? I use a banker’s hours as an example, know, banks are primarily trying to serve the unemployed if that’s, know, but forward thinking banks open their doors a little early and close at six o’clock, have Saturday hours. If you’re a customer service department, are you available when your customers want to call you? If, you know, I remember

17:19
buying a ping pong table from a retailer. Uh, and I had a question about putting it together and I had to call the manufacturer’s number and they closed at five o’clock, you know, Eastern or Pacific or whatever time. you know, it’s not like during the day I’m putting together this ping pong table. No, it’s nighttime and I’m working on this for my daughter, but this is what they had. They said, you know, if you’re calling out of our business hours, please go to Google and just Google the, and you’re having trouble putting it together. This is one of the options. Just Google.

17:49
the model number and the name of the product and a video pops up and that’s what happened. And this was actually on Google, not just their website, I’m sorry, on YouTube. And there was a video about how to put together the ping pong table step by step, all done to music. It was great. So those are the kinds of things I think about when it’s like, how can we be easy to our customers? And you don’t have to have a budget like Amazon to make that happen.

18:18
That doesn’t mean you can’t look at Amazon and try to emulate some of that experience. And by the way, Amazon is who all of us compete with. I don’t care what business you’re in. Maybe you have no online business. Maybe you’re a manufacturer of something. I had a client say to me, I ordered a half a million dollar piece of machinery. It shows up like in the most unexpected time. My gosh.

18:42
Amazon sends me an email to tell me my toilet paper is being delivered. Why can’t this company have warned us that this truck was going to pull up with this piece of equipment? know, look at that. Everybody’s being compared to the Amazons of the world. The, know, who is our competition? That’s who we need to look at. Even outside of our industry, they’re competing for our customers expectation of what services.

19:10
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.

20:08
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 thing about Amazon is one of the best ways to compete against Amazon is with customer service. Like that live chat option Amazon does not have it. And I know for our store, like if I can get someone on live chat, that’s almost an instant conversion because they have a specific question. And if I can answer it in a timely manner, we got them. Yeah.

20:37
By the way, timely manner is a crucial two words in your explanation just now. I have a friend of mine, I I compete against him in the speaking business. You know, I’m hired to go out and do speeches about this topic. And I know he was the one that was up for consideration and I admire him. And when I talked to my client and said, why did you hire me instead of him? You know what he told me? says, because you call back faster.

21:07
So think about that. Yeah. So assuming that everything is smooth and the customer can check out and get their product on time and everything, how do get them coming back? That’s what I focus on next. I love that. I’ll be back. Yeah. I wonder, you know, someone should write a book on that. Really? Yeah. Yeah. So that new book.

21:30
titled I’ll Be Back, How to Get Your Customers to Come Back Again and Again. That’s exactly what we focus on is what does it take to get a customer to come back? And all the things we’ve talked about so far, creating that frictionless experience. Let me give you a few fundamentals though that I think is, and this by the way is in every one of my books, but we put a chapter just as we do in other books about this. There is something I call creating customer amazement. And in order to get customers to come back, you have to be amazing. But that,

21:59
does not mean it is an over the top, blow me away, I can’t get this anywhere else experience. No, amazement comes, and this is really important, from the predictable and consistent experiences that are just even the slightest bit above average. You just mentioned it a moment ago that one of the reasons you land business is because you are able to respond on that chat quickly, and that is why

22:28
Just doing that gets you business. Is that over the top? No, but this is what you want your customers to say about you. I love doing business with Steve and his company because they always get back to me quickly. The word always followed by something positive is the answer. They’re always knowledgeable. They’re always friendly. Even when there’s a problem, I know they’re always gonna take care of me. So the word always followed by something positive means you’re operating in that zone of amazement.

22:58
hard to achieve. I came up with this idea by listening and studying the Ritz-Carlton back in the 1980s when they won something called the Malcolm Baldrige Award, which would be the equivalent today of winning JD Power Awards for excellence or any other business award. They talked about the little things they do well, the little things, not the blow away things. Sure, you’ve got great stories from the Ritz and many other companies about how they just went above and beyond.

23:25
You can’t go above and beyond for every customer. They don’t give you opportunities to do that. You know, a couple comes into a restaurant, sits down, the server overhears that it’s the couple’s anniversary and surprises them with the little cake at the end of the meal, compliments of the restaurant. To the couple, that’s an above and beyond, but what if the server didn’t hear that? Blow them away with amazing service by simply doing what’s expected, if not a little bit better. So back to the Ritz.

23:54
Horace Schultz, Schultz, depending on what you call, how you pronounce his last name, he said, it’s one thing to say good morning as you walk by somebody. It’s another thing to say good morning, sir, good morning, ma’am. Or if, and by the way, I recognize today the politically correct thing might be just to say good morning in case you don’t know how people identify with themselves. But if you learn their name and you can remember their name and you can say, you know, good morning, Steve, or good morning, you know, just,

24:24
you added a little something to it. That’s that extra little five or 10%. And that’s what Horst says. If you’re 10 % better than average, you’re gonna be successful. So on a scale of one to five, if three is average and you wanna earn fives, do a 3.3 consistently and predictably and people give you a lot more fives than they will anything else. Think about that. Here’s something I noticed with my shop. Anyone who orders from us for the first time,

24:54
We actually sent them a separate email that is from my wife thanking them for their purchase, for their first purchase with us. And then if you have any questions, feel free to just reply to this email. And that one email has gotten a lot of responses. And it’s, and I didn’t think it was anything. It’s actually an auto email, actually. I mean, we don’t tell people this, but it’s, it’s an auto email. And it beautiful. Yeah. Something so simple.

25:18
that can also be automated. It’s an extra touch point that’s positive. Remember we talked about that journey map? Sometimes it’s not just the experience that they currently have, but what can you add to it? And a little touch point. And how about this? again, does, depending on what you sell, you can do this. know, somebody buys, let’s say, by the way, I should be better at this myself, but somebody buys something from us.

25:44
They go onto my mailing list and they see that weekly they get a tip from me. But what if I sent a video, a short video out to them, to all my customers that have bought either this particular book or this particular product and just say, hey, this is automated. It’s been a month since you bought our product. We thought you might like to hear from some other customers how they’re using the product as well. Maybe there’s an idea here that you can use. There’s no selling. There’s telling.

26:13
telling in a positive way that would benefit them. And it’s automated. It’s just an extra touch point. Let’s go to the real estate industry. The average person moves about every seven years. If I buy a home and this real estate agent takes care of me, it might be seven years before we do business again. Do I ever hear from that real estate agent again? What’s happening between that interaction and seven years from now, if I’m the typical person? Most of the time, nothing.

26:42
but the best agents know I’m gonna stay in touch with my clients because they’re gonna use me again most likely. And the renewal process doesn’t start a month before the seven years are here. No, it starts a month after they sold me my home. And it continues with touch points. Maybe it’s a holiday card. Maybe it’s a, here’s some household tips. Here’s some information you might wanna know about the new restaurants that are.

27:09
opening up down the street from you, you know, that kind of thing. And all you’re doing is you’re adding value in the most simplistic way. And by the way, it’s automated. Chef, what are some examples of physical products brands that have done that little extra thing just in your experience of the companies that you’ve worked with? Wow. There’s so many. I wish I could remember the name of the product. I’m a musician. It’s fun. I enjoy it. I go on YouTube. I find.

27:37
music I like, I break it down, I learn it, and I bought this little box. It connects to my computer and it allows me to pause a YouTube video or a Vimeo video, go back 10 seconds, slow it down, and it allows me to keep my guitar in my hands using my foot to push the buttons. I don’t ever have to take my hands off to move the mouse to get it to go back and slow it Anyway, this tool is a great tool to learn music.

28:05
And every once in while I receive an email from them on, here’s an idea to learn music better. know, something you might want to try. I love that. So that’s kind of what we’re talking about. I just bought a view. Oh, actually it was a gift. I bought it and my kids gave it to me for father’s day, but it was the rangefinder for my, for my golf game. So I can find out how far it is. And there’s actually a box to click.

28:35
would you like us to send you tips for your golf game every once in a while? And it asked me, what’s my handicap? So it kind of knows if I’m an advanced golfer or a hacker or a beginner, right? So I just thought, well, that’s brilliant. And there’s no real marketing. It’s just keeping their name in front of me in a positive way. So, Shep, would you say that a lot of this is actually just keeping in contact with your customer on a regular basis so that when they’re ready to buy again,

29:05
They’ll think about your company. Well, isn’t that what we want? And so that’s marketing. What I just talked about. Let’s talk about the actual experience. If you have the opportunity to interact via chat or phone or email or anything, you need to be thinking about what I call the loyalty question. And the loyalty question goes like this is what I’m doing right now, going to get that customer to come back.

29:34
the next time they do business with me or want to buy whatever it is that we sell. And so that loyalty question is focused on the interaction I’m having right now. If a customer calls and they’re upset, am I handling it in such a way that when we’re done with this, the next time they need what I sell, they’ll think of me. So that’s the loyalty question. How do you answer that question, Chip? Well, the answer is, I mean, am I?

30:00
You know, just yesterday I was at my car dealership, a new dealership that I’d never done business with before, and I had a bad experience with them. And I don’t think they recognize that the way they’re handling the interaction right now makes me question whether I ever want to do business with them again in the future. You know, the car’s under warranty, so I’ve got to go to a dealership. I’m just going to go to the closest one they happen to be that way, that close. But they need to understand that every interaction they have with me is planting a seed for what’s going to happen the next time I want to buy another.

30:30
are, okay? It’s that simple. So we’re always focused on the next time every time, because the next time every time does lead to a lifetime of loyalty. When we think of loyalty, we don’t need to think about, what am I gonna do to get the customer to come back again and again and again? We’re gonna have to put together a whole program. Well, you can if you want, but it should start with right now thinking about the next time. The other thing I want you to think about, and we cover this pretty extensively in the book, I’ll be back, is the difference between loyal customers

31:00
and repeat customers, both of which are wonderful to have. One is just a little bit higher level than the other. I want customers to come back to me again and again, but I need to understand why they’re coming back. Do I have what’s called a loyalty program? Like if I’m in the, I buy a restaurant, then you want to come and buy lunch. You every five sandwiches you buy from me, the sixth one’s free. So I give you this card. Is that what’s getting you to come back?

31:28
If I didn’t have the card, would you still come back or come back as frequently? Is the reason you’re coming to my store because I’m logistically closer than the competition? If the competition were to move across the street from me, would you choose them over me? Or if they’re even closer in, would you be willing to pass them to come to me? That’s the difference between repeat customers that, you know, if you’re logistically the reason they come or do they love you and are willing to pass up the competition to come to you, that’s a loyal customer.

31:58
but understanding the reasons why they come back again and again will help you determine what the true loyalty level or just repeat business level. wrong with either one of those, by the way. It’s important to have them. Yep. Do you figure that with surveys? Do you just ask or how do you? Well, and once again, we cover that. Surveys are great, but all they measure is history. How did we do on a scale of one to five?

32:26
give you a five. Oh, thank you very much. That was yesterday. Now we can learn from history to make the experience better the next time or maintain the experience we have. We can learn if somebody’s unhappy and fix the problem if we can identify who it is that gave us that survey. But what we really want to measure is behavior. Did they come back? How often do they come back? When they do come back, how much do they spend compared to if they’re a one-time buyer or even just, you know, what’s the difference between a repeat buyer and a loyal buyer? You can find all this out.

32:56
by looking at behavior, not just reflecting back on your last experience. Okay, give me an example. How would I do that with my store? Do you get a haircut every once in a while? I do. Okay, you don’t need to tell me who you go to. You may go to a salon, you may go to one of these chains like custom cuts or whatever, sports cuts. So what I know is that somebody’s gonna come in here and they’re gonna…

33:25
they typically need to get their haircut once a month. That means they should come back 12 times. And by the way, you can identify customers like, well, that kind of haircut, they’re probably gonna come back five times a year, not four, or 12 times a year. But when you understand that and you start to watch their behavior and watch their buying patterns, you know you’ve got somebody that’s coming back again and again and again. But once again, knowing that behavior is really important.

33:55
I work with some of the companies in this industry and they want to know what got you here and what’s going to get you to come back. And then they watch your pattern and that way they know they’re doing the right job. Not just were you happy with your haircut, where you’re happy with the service. If they keep coming back, you know, you’re doing something right. And again, you want to find out why. that makes sense for something like that, but let’s say it’s an e-commerce product that doesn’t really have a pattern. How would you do that same exercise?

34:25
What is it, if you’re selling one product and out of your business, then, you know, I don’t know what kind of a business that is, but I don’t know what kind of repetition is it’s something that wears out and they come back. But if you’re selling a different, you know, different product lines, different, you know, you want to watch. So I asked me the question one more time. want to make sure I give you the right answer. put some real products. Let’s say I sell apparel. So what are some patterns that I would look at to, to analyze this behavior? Well,

34:55
We know apparel is seasonal, okay? If somebody coming back on a regular basis to upgrade their wardrobe based on the seasons that, know, in other words, we have summer clothes, we have winter clothes, and we can track their buying patterns to determine whether or not they’re buying in the right cadence. And by the way, with enough tracking, enough data, enough customers you’re looking at, you’re gonna start to see patterns emerge to better make decisions that allow you

35:24
to personalize the experience based on different patterns. if, you know, I have a friend of mine, I used to go to a store twice a year when he went on, when everything went on sale, July and January. And I once said to him, you know, you know, I never buy anything via retail pricing because, you know, it’s just the kind of thing you sell is the kind of thing that if I wait just another couple of months, I know it’s going to go on sale. How do you feel about a customer like me? And we were just talking about

35:53
like what you and I are talking about, general customer service. say, Shep, I have a lot of customers that come in and buy, you know, straight retail. But if I could have all of those customers, guarantee they’ll come in on July and January, I would be happy as can be. But we need to understand why customers are coming in, what their behaviors are, what’s behind the incentive for them to keep doing business with us.

36:22
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

36:50
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,

37:17
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. 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. I guess, once you find that information out,

37:46
We’ll just use that example with your friend. I mean, the reason people are coming in is because of a sale, right? Well, true, but many other stores have sales in July and January as well. You know, I was just recently, gosh, over the summer in Las Vegas in July. Can you imagine being in Las Vegas in July? I don’t remember, but the days I were there were the days they hit the record 114, 116 days. And I remember walking into one of my favorite stores. said,

38:16
So I know it’s July, what’s 70 % off today? And the guy goes, oh, I said, I come in here once a year. And he laughed at me. He goes, if all of our customers would just come back once a year, we’d be pretty happy. But I mean, even if it is on sale, of course I didn’t find anything 70 % off, but I found some good value. I guess what I’m trying to ask here, Shep, is like, how do you implement this strategy here? Like once you have the information, what do you do with it?

38:44
Oh, what do you do with it? Learn why and then act accordingly. So you need to understand your customers. Look at what Nike does. And by the way, I keep grilling me and asking me the same question until I give you the answer that you want because I can go so many different directions. Nike, if you join the Nike, I call it a membership program, loyalty program, which by the way is free, you what’s the big perk? They’ll let you know about.

39:10
items before they’re actually released. They’ll give you information about what your interests are, free returns, things like that. But let me tell you, the key here is that they know you buy just running shoes or you buy just court shoes or you buy some other type of shoe and they’re able to segment you into the different areas. so there are, you know, and they know based on buying patterns of people who are interested in this type of shoe, you’re going to need a shoe.

39:39
like this, you’re going to be interested in this type of, and they, they, they give you good information. The sales side of it, it’s, this is all marketing, but they’re not always simply asking for an order at the end of every message they send. That becomes too salesy. Right. Companies that I think are really great at doing this, figure out who their customers are, understand their customers behavior and give them information that makes them, that endears that customer to them even closer. So did I get to the answer of your question?

40:09
Yeah, I’m just so we talked about a bunch of things already like loyalty versus repeat and obviously loyalty is better. What’s kind of confusing about all this is like these loyalty programs. I kind of categorize those in like under repeat business, right? Because they’re buying because. Right, that’s the point. It be called a loyalty program. It’s a marketing program. It’s a you know, Amazon has a membership prime membership. It is some people mistakenly call it their loyalty program. But the reason

40:39
customers are often loyal to it. Although people like, know, why did Jeff Bezos include all these movies and TV shows and Amazon Prime? He says, I wanted to give them a reason to keep subscribing, even though, beyond just shipping, beyond just buying product from us, because there’s a benefit to them getting $129 a year from, I don’t know, how many millions, 70 million customers or something like that.

41:08
It really is good. But here’s what drives some of that loyalty. If I pay $129, I want to get my money’s worth. I want to get all the free shipping I can, know, expedited shipping. I want to take advantage of the discounts that come when I go into a Whole Foods. I want to take advantage of, you know, the movies and TV shows. By doing that, they are separating me from their competitor simply because I paid for the privilege of doing business with them and I want my money’s worth.

41:37
I mean, it seems to me that the best way to get true loyalty is to do what you originally said, which was just be like 0.1 % better than average, right? 10 % better than average. 10 % better. So I guess the question then becomes, how do you figure those things out? Yeah, well,

41:59
Obviously, you do want to take measurements there. You want to look at your customer satisfaction scores. If you do any kind of a survey, your net promoter scores, because it gives you a baseline understanding of what your customers think of you. And if you see deficiencies, figure out where they are and build on them to increase the scores. So you get a score today that’s your benchmark and you recognize opportunities to improve.

42:25
Do look at your surveys three months from now. And if you see improvement, you know you’re heading in the right direction. Can these surveys that you’re talking about, can you just give me some examples of key questions to ask in those surveys? Sure. I love simplicity. So the net promoter score is one of my favorites, although some people are pro and some people are against. The reason I like it is it’s a general sentiment of how the customer feels about you, which is on a scale of zero to 10.

42:53
What’s the likelihood that you would recommend us to a friend, a colleague, family member? Nine or tens are promoters, hence net promoter score. Sevens and eights are passives, meaning you don’t know if they’re happy leaning toward being a promoter or unhappy leaning toward being what’s called a detractor, which are the sixes and the less. Then there’s, you know, general CSAT, scale of one to 10, one to five, whatever. Are you happy? Were you happy with the service? Did you enjoy the product? Did you enjoy the experience? I love.

43:22
American Airlines and Delta Airlines. I don’t know about the other lines, but they said, would you be willing to stay on the phone after you talk to the agent for a one question quick survey? And that is next time you do business with us, would you want to have the same agent? One for yes, two for no. Wow. That tells a whole lot, doesn’t it? Yes, it does. Yeah. And one simple question with a yes or no answer. I always like to follow questions. If you’re doing surveys like this, a simple CSAT.

43:51
or NPS, can do one or two, because literally they take seconds for the customer to fill out. Ask the open ended questions, a final question. Is there anything you could think of that would make doing business with us better? And I always add, this is my take on it, is there one thing you can think of that would make doing business with better? I call that the one thing question. Why did you give us the score?

44:18
If you, certain survey software allows you depending upon the score, that’s the next question you would ask. So if somebody on a scale of zero to 10 gave us a 10 with the net promoter score, you could say, thank you. Is there one thing you can think of that would make it even better? But if somebody gave us a six, that question might be, is there something we could do that would have given us one higher, you know, like one higher number?

44:46
I’m not phrasing it correctly, but you get the idea. yeah. Basically, you’re just trying to get them to prioritize what the one thing that they’d want changed that would make the biggest impact, right? Yep, yep. And by the way, if I get enough customers telling me the same one thing, that’s an opportunity I can’t pass up. I mean, obviously somebody would say, yeah, make the product half price. Well, that’s not necessarily reasonable. Yeah, it’s funny because…

45:13
Pricing is often like something that people will put down for that. Cause we have this survey that goes out automatically for anyone that buys. And we do get that price number all the time, which it’s something that we don’t want to, we don’t want to compete based on price basically. Yeah, I know. And they’re saying that sometimes, you know, maybe they really mean it, but most of the time it’s like, yeah, sell it to me at half price. Yeah. Tongue in cheek, I guess. That is tongue in cheek. And hopefully they’ll say, but seriously,

45:42
And here’s my real comment. It seems like, at least in my experience, like whenever we get someone on the phone or on chat, it’s like an easy sale and people are really happy and they’ll come back. I guess the challenge is adding that human element to an online business on a regular basis and scale it that way. Well, you can do it by doing it real human element, or you can automate as you did with that thank you note from your wife, as you mentioned earlier.

46:10
Do you remember a company called CD Baby? Yeah, of course. I love Derek Sivers. Did you ever buy anything? I never did. I just, know his story very well. All right. I’m 99 % sure it was CD Baby that when I bought something, I received an email, you know, hey, this is Steve, but I’m not a real person. I’m the digital assistant, but that doesn’t mean I can’t help you if you don’t ever, you know, it’s very funny when I read this and, and I go, oh, this is brilliant. Admitting it’s digital.

46:39
but giving you a human experience and making me smile. That’s pretty cool. And so there’s no reason why you can’t do something ongoing as, and by the way, I believe that’s part of what makes us all successful. If we can create a flow of information, you know, know me, I’m a customer service and experience expert. I get on stage and do speeches. We have trainers that go out and deliver my content. We have books that I write and that we sell, but you want to know what I really am? I’m a media company.

47:09
My job is to constantly put out information that’s gonna make my customers and clients wanna keep doing business with me, love what I do, talk about what I do. And there’s no reason a company can’t put out information about what they sell and ways to improve their customers’ lives or experiences with whatever they’re buying on a regular basis in a way that makes them feel they’re connected, even if it’s digital. I think that’s the future. Like Disney owns us, owns my family.

47:38
I remember this, I remember this one experience where I was at a toy store and my, my son wanted a Lightning McQueen and I was like, Hey, look, these matchbox cars, they’re, they’re like 10 X cheaper. I’ll you what, I’ll buy you 20 matchbox cars instead of buying your one Lightning McQueen. But he still wanted the Lightning McQueen because of media, because he watches cars and he wanted to play in front of the movie. It’s that cool. Now I’ll share something else with you. It reminds me of the Disney example that you, that you just did. mean, you know, if.

48:08
I mean, does Disney own you? Well, actually, they own you in another way. If you’ve been to a Disney theme park, that becomes your new expectation. And by the way, if you went to Disney and had a great experience, that’s your new expectation of what all customer service should be with any company that you’re doing business with. That’s why the rock star businesses today are setting expectations and raising the bar that laggards must keep up with or

48:37
they need to fear losing business to these rock stars. And they don’t even have to be in our industry. Why can’t you be as good as that? The shoe repair down the street, they always hit the, when they tell me it’s ready on Thursday, it’s not Friday when they tell me it’s ready, no, it’s Thursday. They always do that. Why can’t you do that for me? Shep, I wanna hear about I’ll Be Back. Tell me about this book. I’ll Be Back.

49:03
So the book titled I’ll Be Back, How to Get Customers to Come Back Again and Again is just about everything we’ve talked about today. And it’s my eighth book and I’m excited about it. Yeah, there’s a little Terminator feel to that term, I’ll be back. But you know, Arnold Schwarzenegger, when he did this in the first Terminator, he came back to blow up that police station. You remember? Yes, of course. Not a good thing. But in the second one, he came back as a good guy. And when he said I’ll be back, it was kind of tongue in cheek with a little wink.

49:33
more or less, and it was a good reason. And he’s used it, that Terminate movie. So while I didn’t start out thinking about the Terminator, I thought, well, why not throw a little Terminator language in there? So I’ve got a chapter in there about why customers would terminate the relationship with you, why they wouldn’t want to do business with you, actually, why you would want to terminate a relationship with them. There’s just a few phrases sprinkled throughout here and there that might bring you back to it. But that’s what it’s all about.

50:01
getting your customers to come back again and again. If that’s important to you, then you should go to Amazon today and pick up the book. I mean, there’s been a lot of studies where if you can just increase your repeat retention rate by like a small percentage, it can lead to like a vast increase in your overall revenue. An exponential increase. Right. The loyalty effect written by Fred Reichelt years ago talked about that 5 % increase in customer retention turns into something potentially huge. 75%, yep.

50:30
Yep, on average. We have a client that when she told me what her problem was, she’s losing millions and millions of dollars in churn because they just aren’t doing things right. And I said, what would it be worth? I mean, how much money would you gain if we reduce that by just like 3 %? She says, that could be worth a million dollars. And I said, can I work on commission?

51:00
Cool. Well, Shep, I would imagine, I haven’t read it yet, but it’s on my list of books to read once it comes out. But once, I would imagine the book is a lot more in depth than what we kind of talked about in today’s episode. Oh, sure it is. And it also will lead you to think about ideas. And there’s questions at the end of each chapter that you can sit down with your team and have a meeting with and discuss. I want this book not to just be read, I want it to be used. Cool.

51:28
Well, Shep, where can people learn more about you in general? Just go to hyken.com, H-Y-K-E-N.com. Okay, and if they want to get a hold of you, there’s a contact form on that page as well? definitely. And if anybody has a question, just reach out. I’m happy to either, one of two things, I will either send you back an email, but if it turns into a small novel that I’m writing, I’ll probably pick up the phone or I’ll send you video or something. Cool. Well, Shep, thanks a lot for coming on the show, man. It’s been a pleasure.

51:55
Steve, it has been my pleasure. Thank you for having me. Let’s do it again. Hey, how about this? I’ll be back.

52:05
Hope you enjoyed that episode. Now Amazon continues to get more competitive every single year and you can’t rely on them as your sole source of income. For more information about this episode, go to mywifecoupterjob.com slash episode 378. And once again, I want to thank Klabio, which is my email marketing platform of choice for e-commerce merchants. You can easily put together automated flows like an abandon card sequence, a post purchase flow, a win back campaign. Basically all these sequences that will make you money on autopilot.

52:31
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.

52:59
Now I talk about how to these tools on my blog, and if you are interested in starting your own eCommerce store, head on over to mywifequaterjob.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.

I Need Your Help

If you enjoyed listening to this podcast, then please support me with a review on Apple Podcasts. It's easy and takes 1 minute! Just click here to head to Apple Podcasts and leave an honest rating and review of the podcast. Every review helps!

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!

377: Social Media Strategy For New Ecommerce Store Owners With Alex Rossman

377: The Social Media Formula For Ecommerce Store Owners With Alex Rossman

Today, I’m thrilled to have Alex Rossman on the show. Alex is the founder of Rossman Media, which is a social media agency that helps improve the sales and site traffic for ecommerce businesses.

His agency was awarded the best social media agency award in 2020 by Business Insider and he has helped some of the world’s largest brands.

In this episode, Alex teaches us how to formulate a social media strategy for an ecommerce business.

What You’ll Learn

  • How to run social media for a brand new ecommerce store
  • Alex’s recommended social media platform for new online store owners
  • Alex’s views on Facebook after iOS14

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. And today I have Alex Rossman on the show and Alex is the founder of Rossman Media, which is a social media agency that helps e-commerce brands kill it with social media. And in this episode, Alex teaches us how to formulate a social media strategy for a brand new e-commerce store in today’s landscape. But before I begin, I want to thank Clavio for sponsoring this episode.

00:27
Always excited to talk about Klaviyo because they have their 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 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.

00:53
Let’s say I want to set up a special autoresponder sequence to my customers depending on what they purchased, 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 customer contact list. And this is why I’m focusing a significant amount of my efforts on SMS marketing.

01:23
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. Why did I choose Postscript? It’s because they specialize in ecommerce stores, and ecommerce 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 well too, and SMS is the perfect way to engage with your customers.

01:50
So head on over to postscope.io slash Steve and try for free. That’s P O S T S T R I P T dot I O slash Steve. And then finally, I wanted to mention a new podcast that I recently 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 raw and entertaining way. So be sure to check out the profitable audience podcast on your favorite podcast app.

02:20
Now on to the show.

02:28
Welcome to the My Wife, Put a Job podcast. Today, I’m thrilled to have Alex Rossman on the show. Now, Alex is actually someone who I met on a panel that we were both on for Small Biz Trends, where we discussed how to establish a brand off of Amazon. Now, Alex is the founder of Rossman Media, which is a social media agency that helps improve the sales and the site traffic for e-commerce businesses with, you guessed it, social media. Now, his agency was actually awarded the best social media agency in 2020 by Business Insider.

02:57
And he’s helped some of the world’s largest brands like Bose and Orange Theory manage multi-million dollar social campaigns. Now in this episode, Alex is going to teach us how to formulate a social media strategy for an e-commerce business. And with that, welcome to the show, Alex, how are you doing today? Thanks, Steve, appreciate it, man. I’m good. Thanks for having me. So for those people listening who don’t know who you are, can you just give us a quick background story and tell us how you got started with social media and why’d you start an agency?

03:26
Absolutely. So I own Rossman Media, hence the last name correlation there. So started the company about five years ago. It started really as a full service digital agency. And then we really over the last couple of years honed our skills in the social media world. And that’s really where things began to take off. We had the opportunity to work with some very large brands, as you mentioned, Bose, Orange Theory, Airbnb being some of them. And

03:55
That’s really been our focus for the past few years and it’s grown to a fairly large business, all in-house staff based in Portland and LA currently. And that’s really where we’re at. think starting the digital marketing adventure is what I always like to call it because it’s truly an adventure. There’s lots of…

04:18
Learning experiences because this industry, as you know, is always changing. So being ahead of trends and understanding where things are going to be five, 10 years from now is really my day-to-day job. So I got into it because really I like it. I love marketing. I love how brands can really connect with consumers through really

04:42
you know, intentional marketing. I started as actually a musician. was a singer songwriter right out of college, went on a college tour, started touring with some big acts and that’s good. lot of my own promotion and learn social media, learn PR, learn really ways to get my personal brand out there. And so I kind of took that knowledge and brought it over to, you know, a professional career. your agency what I call like a full stack agency? You do the creatives, you do.

05:11
like email, SMS and all that stuff in addition to social media? We do. We prefer it. You know, we really like to have, you know, I don’t want to say complete control, but we do like to have, you know, the foundation all built. So we know that, Hey, this is going to be successful campaign because we really built it out from scratch. We also find that it’s a great way to collaborate with our clients really from, you know, ideation to activation. Okay.

05:39
So what I was hoping to do today, Alex, and you heard during the intro, was to go in depth on the best way to kind of implement and formulate a social media strategy for a smaller e-commerce business. I know you guys have worked with lot of larger players, but I want to talk about the little guy today. So where would you start? So let’s talk about your choices first, right? There’s Instagram, Facebook, YouTube, TikTok, Twitter, Snapchat. Can you just kind of give your assessment on the different platforms to start with? Yeah, do we have three hours?

06:09
No, I’m just joking, Steve. I think social media right now is in a very unique place because for the first time in a long time, there is a social media platform, a new one that is aggressively competing with the big boys, as I call them, the Facebooks, the YouTubes, Googles, Instagrams, and that’s TikTok, right? And it’s been around for a little while. you know, I’m sure people may have heard, you know,

06:37
the grapevine of this platform since probably 2016. But with that said, it’s really starting to gain momentum, particularly during the pandemic when everybody was really hunkered down, attached to their cell phones. And it became really what started as a very Gen Z platform to now very expansive. have a very wide demographic of people that are on that channel from

07:05
the Gen Z to the middle-aged woman who’s just looking to be entertained throughout the day. What that leads to is a new business owner or e-commerce store owner that can really take advantage of a platform that I would consider to be really the Wild West. There’s a lot of new opportunity there. The organic reach is very significant in comparison to other channels.

07:32
Instagram even came out, as I’m sure you saw recently, to say, we’re going to try to almost mimic what TikTok is doing and try to get back to that organic potential that we used to have when the platform initially launched. So if I was a new e-commerce store owner, I would really put all my eggs into the TikTok basket right now. And the reason I say that is because what we’ve noticed is it’s really a volume play.

08:00
TikTok’s algorithm is, know, typically one in 10 posts have some sort of viral component to it. So, you know, the, reach there, I think is incredible. The advertising platform, we actually became a TikTok agency partner recently. So we’ve had the incredible opportunity to test and beta really TikTok’s technology on the backend. So they are moving towards a direction where

08:27
it’s really going to be social media commerce where you can now, instead of just, you know, going and clicking on a product and then taking you to a landing page and then a checkout page, you are going to be able to purchase directly from the platform. And this is going to absolutely change the game. Instagram is been trying to do it and they’re actually working towards it. It’s probably going to be implemented around the same time, time TikTok is. So as an e-commerce store owner,

08:57
you are about to be opened up to an incredible new world of social commerce. So I think it’s a great, great time. It almost takes us back to really kind of where e-commerce kicked off and had major success, you know, 10 or so years ago when it was kind of just like, you know, everyone was creating e-commerce stores and seeing great success. think we’re going to start to revert back to that because of this. I’ve actually been on TikTok for two months and in just those short two months I’ve masked about

09:25
45,000 subscribers and you’re right. one out of every 10 goes viral. I even had one that went over a million views, which is pretty incredible. Right on, man. Good for you. And you can check off the middle-aged Asian dude is on the platform checkbox. I love it. All right. So let’s talk about TikTok then. Okay. let’s say, let’s, let’s say I’m an apparel brand, right? How do you get started on TikTok? What types of videos should you post and what’s working well?

09:55
That’s a great question. So TikTok is all about trends, as I’m sure you know. algorithm is built around hashtags and those hashtags hold a lot of weight. So if you’re posting content, my advice is to always be ahead of the trends. Okay. So of course you want to create your own content and create your own trend, but to get started to really start seeing that momentum build.

10:22
you’re going to have to kind of piggyback off of what is already trending on the platform. And that’s really the foundation of why TikTok is so successful is because it is a collaborative platform. The intent behind TikTok is to collaborate. It’s to do the duets, right? So if you see another influencer or content creator that’s posting content that you feel resonates with your product or your brand, do a duet.

10:50
create a video that’s in collaboration with them. So my biggest recommendation is that, is really just look up those trends post frequently. I’m all about collaboration, as I mentioned. So if you can identify other creators, because I think there’s going to be a lot of people, Steve, are listening to this. And they’re saying, you know what, as a business owner, I’m not going to get behind the camera all day, every day. I don’t have the time. I want to build the…

11:17
business and not have to worry about creating content every day. And that’s fine. I actually, you know, we have several clients that are really just getting started on that platform and we let the creators do the work. We reach out to content creators that we feel resonate with our brand’s audience. And we send them product and they create content, they cross promote on their page. They send us, you know, the raw content so we can repost.

11:44
So I think that’s a great alternative as well. If you’re not wanting to get in front of the camera is to leverage people that know the platform well. Okay. I lots of questions for you. So you said frequently define frequently of posting. Well, you know, yeah. And I think that’s very subjective, but what I will tell you is that some of the biggest TikTok stars right now, whether you’re a influencer or even a brand,

12:10
They’re posting once or twice a day. Typically some that really have built a massive following had posted up to like five times a day. Wow. So, I mean, that’s a lot of content. You’ve got to have a lot of time on your hands. But what I will tell you is that if you like, for example, one of my fiance’s, you know, really good friends, she just wanted to start, she had this product in mind. She built it, build a prototype and

12:36
She’s like, you I don’t have any money to really market this thing. Like what is the most inexpensive way to get this product out there? And so she’s like, you know what, I’m going to try TikTok. And she did exactly that. She posted like three to five times a day for the first, you know, several weeks. And all of a sudden, you know, she had three or four videos that hit that, you know, million, 2 million. And then I think even now 3 million. Wow. You Mark.

13:02
And she sold out her product. mean, she didn’t, she couldn’t even keep up with the man within the first month. So I think again, there’s, know, as this platform continues to grow, that’s probably going to be less likely to happen. I mean, I think TikTok is always going to try to make it, you know, a very viral platform. However, this is the time to really execute on that. So with that friend, can you kind of describe the videos that went viral and what the layout? Yeah.

13:31
what the video was about? Yeah, great question. you know, hers, which is so funny because we were laughing about this with her on the phone just a few weeks ago. She’s like the videos that got the most traction were like videos I didn’t even like. They were just like almost stupid. said they were short form, you know, five, 10 second pieces. And in her case, believe it not, it was showcasing how the product worked. It was actually more educational than anything.

14:01
So I think if you have a product that kind of has a unique value proposition, really explicitly showing that I think is going to be advantageous for you. Like for her, it was as simple as she created this. It’s basically for makeup. So you’re, let’s say you’re traveling on, you know, plane, you’re going everywhere. It’s like this makeup bag or box or whatever that basically you can throw your stuff in and it,

14:29
kind of clamps together and it has this like snapping sound. So she basically took advantage of that snapping sound and just kind of like, it’s this almost like appealing sound that you know, like, okay, it’s going to hold all of my stuff in there, right? And it’s so simple, but that was really what took off. And what was so interesting, Steve, is that the audience that she initially thought it would go for, which was, you know, the beauty geeks, people that were all about, you know, new makeup and that kind of thing.

14:59
it was actually gamers. people that wanted to have all of their gaming equipment in this little thing and travel with it or something. So it took off on this other channel and she’s like, I would have never guessed in a million years that the demand was in the gaming community. Isn’t that crazy? it’s again, it just kind of shows you that in the beginning, sometimes the audience, the right audience will come to you. And I think it’s just really a matter of creating, you know, content frequently.

15:28
So did she mention her URL or anything in those videos that went viral?

15:34
So I’ll tell you guys, I’ll give her a little plug here, but it’s called a splay tray. Okay. And so you can look her up on TikTok. You can look her up on her website, but she had some branding in there, but not really. Like it really wasn’t super brand forward. wasn’t like click the link here, you know, which is very, you know, kind of Instagram-esque, you know, swipe up or anything like that. wasn’t.

16:02
It really wasn’t a strong call to action. was really a matter of saying, Hey, this is, this is what I’ve created and here’s how it can be utilized. And she basically got very creative with all the different ways that you could use it. And so she just, you know, kept creating content. Um, but yeah, to your point, mean, again, it’s just, it’s a matter of, you know, creating content, you know, you don’t have to be super salesy with it again, you know,

16:30
The TikTok user is pretty intelligent. They know that if they like something, there’s still a link in the bio that they can click and go check it out. But pretty soon it’s going to be as simple as clicking the product in the video and being able to check out, which is going to, for someone like her, going to be a game changer. Here’s kind of what I’ve noticed with, with TikTok and just social in general. Like when you try to steer people towards a website, it never reaches as many people.

16:59
And I think my philosophy now is if someone wants your product, they’ll just Google it or they’ll find you somehow. And that kind of leads to the next point is that kind of omni-channel approach. you are, let’s say, as you mentioned, which I think you’re exactly right, if somebody sees your product on TikTok, the first thing they’re going to do, even if they don’t, click the link in the bio on TikTok,

17:23
going go to Amazon, they’re going to go to Google, they’re going to find a place where they can buy your product. So I think again, it all comes down to having a jumping off point and then also having the omnichannel approach to back it up. So your friend, is she still posting like two or three times a day or is she tapered off a little

17:45
She’s tapered off a little bit and it actually has worked for her. So I think, you know, after communicating just with her, you know, really from a small business standpoint, she’s, you know, trying to keep up with demand and now has to allocate time towards, you know, operations and really, you know, working outside of the business and ways to grow it. So what she’s realized though, she was concerned as, Hey, am I going to be able to sustain this type of virality? And, and

18:14
what she realizes she doesn’t need to post that much anymore because with TikTok’s algorithm, once you have that following, know, your posting is going to still reach, you know, a larger audience than if you were just to get started. What is different though, and, you know, I must say is following doesn’t always account for engagement, which is something that again, you always have to be kind of reinventing the wheel and creating new content, but in her case, she doesn’t have to do it as frequently. Right.

18:45
You actually earlier you mentioned another model where you actually pay influencers on TikTok to promote or talk about your products. Yeah, I’m just kind of curious what the going rate on that is. Is it cheaper than the others? know, that’s a great question. So we have access to TikTok’s content creator network. And that was really something I was interested, you know, particularly early on was, know, what are the rates going to be in comparison to Instagram or YouTube, which are typically the two most popular influencer platforms. And

19:14
What I can tell you is, it’s very expansive, right? I feel like YouTube, the bloggers have a pretty set, you know, if you have this many followers, here’s the rate. If you have this engagement, here’s the rate. TikTok is very much different in the sense where you can work with an influencer that randomly went viral and, you know, they don’t really know what to charge. You know, they’re just out there, you know, putting their own personal brand, you know, out into the world.

19:44
And so you can really honestly as low as $100 per post all the way up to 20, 30, 40 grand per post. really just depends on the influencer. My strategy, especially since we’re on the topic of small businesses really breaking out and building a following, my goal is go micro influencer, go the nano influencer route. Just if you can afford to send out product

20:14
to influencers, you can sometimes work out a product trait. If you find the right influencer that’s saying, hey, you know what, I see value in that product. And you also have to keep in mind that creators are looking for ways to create new content. So it’s advantageous for them to work with brands as well, especially micro influencers who are trying to build their kind of catalog.

20:40
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.

21:08
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.

21:38
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. It’s almost like Instagram was five years ago, right? 100%. So it is the wild, wild west. What is your definition of nano in this case? So that can range anywhere from, cause you know, what I look at, is different than

22:04
you know, Instagram and YouTube, you look to, you know, subscriber and engagement ratio. TikTok is more heavily weighted towards engagement ratio. So I’m looking at, you know, how many viral videos has this influencer had, not necessarily how many followers they have. Obviously that’s, that’s important. Don’t get me wrong, but I’m really looking at, you know, every time they post, what does that engagement look like? So we kind of have a system in place that looks at, you know, that engagement rate.

22:34
you know, how frequently they’re posting and so forth. But, you know, typically a nano or micro influencer on TikTok, anywhere from 10,000 followers upwards of 200, 300,000. Okay. Is still in that kind of nano micro influencer or anything above that. You start getting into a higher tier level typically. Okay. And in terms of ads, have you played around with the ad platform at all?

23:02
We have quite a bit. Yeah, we’re doing some pretty big activations right now. One with a food tech brand, which I can’t name, but they’ve got a significant budget. They’ve actually, since the whole iOS update with Facebook, I think they’ve just about taken all of their budget over to TikTok. On the TikTok have the same problems with iOS 14 as Facebook though? Not necessarily. No. So there’s actually some, quite a bit of workarounds with TikTok.

23:31
more on kind of the interest side that is different than Facebook actually. You know, it’s interesting because when I first got into the TikTok ad platform, it almost like creepily like looked exactly like the back end of Facebook ads manager. And I was like, oh boy, is this going to be like the same? Is this going to be like a…

23:55
you know, a duplicate of what we’ve already experienced with Facebook. And then I think TikTok has caught on to it. We worked with TikTok out of Austin, Texas, their corporate office down there. And, you know, that was the first thing I brought up. was like, are you guys going to be kind of shifting gears with the ads manager platform? And they have, so they’ve created basically a self-serve option and then a managed services option. So the managed services is really focused on

24:20
either TikTok managing that campaign or an agency like third party managing it. Self-Serve is more for, you know, a small business owner that wants to kind of get their feet wet with trying it out. Now the managed services side is where you can actually have more flexibility in terms of the targeting, which we’ve found bypasses some of the iOS, I guess, you know, restrictions. Is it because TikTok isn’t really

24:48
gathering that much purchase data and all that stuff just yet? I would think so. I honestly would think so. Okay. Yeah, I would. And you’re the self serve has less features than the managed. It does. So for example, you know, you look at and this is what actually really excites me about TikTok is you look at platforms. And again, this is not to discredit Facebook and Instagram. I do a ton of advertising with them and

25:16
still a very viable platform. However, the placements are relatively limited, right? I think the two most common typically are newsfeed or kind of in-story. And those in terms of conversions. Now with TikTok, they’re opening you up to branded hashtags, right? Challenges. You can do branded filters. You can do things that are a bit more…

25:44
I would say diverse in terms of the placement. know, one of the biggest kind of ones that we’re working on now is a hashtag challenge and a branded filter, right? To you describe what those are. Yeah. So for example, if you go onto the discovery page of Tik TOK, as you would with Instagram, you’ll see that there’s trending hashtag challenges, right? And those are typically, if you start scrolling through those very similar content, one right after the other, basically people piggybacking off of a, of a trend. Okay. So.

26:14
what TikTok is allowing brands to do. And again, this is where you start getting into bigger budgets because these are a bit more exclusive placements. However, they can be very effective and frankly more effective than just the typical newsfeed ads. So you can create a branded hashtag challenge where TikTok will put you in that top three row with your own hashtag challenge, and then they will launch it off with their own influencer network. So for example, let’s say

26:44
Let’s say, know, my wife quit, we can use your brand kind of as an example here, right? So let’s say that you wanted to do a hashtag challenge and you came up with this great concept that incentivizes creators to basically, you know, do some sort of funny, you know, video, right? You could actually pay TikTok to get you in that one, two or three spot for a period of time. And with that comes a ton of content.

27:14
Right. So once you get on that placement, basically it’s, it’s a domino effect. You have people that are creating content left and right every second all around the world. So it’s a great strategy from a brand awareness standpoint, but also a conversion standpoint. So, you know, with that, you can, you know, typically a part of the hashtag challenge, you have to include the brand name, you know, whether it’s the username or, you know, specific branded hashtag.

27:42
So there’s some kind of workarounds with it, but that’s kind of how that works. And so far we’ve found that to be very effective. The branded filter is another one that as I’m sure, you know, any TikTok user has seen, you can go onto the platform and, know, use these funny filters. Like there’s one where you can, your face like looks fat and keeps blowing up and blowing up and blowing up. So there’s like a lot of these funny ones, but you can create branded filters. You’ve probably seen, you know,

28:11
Coca-Cola did one recently. And these appear in kind of the top three to five areas of where you can actually choose the filter to use. I think again, that’s a great option to just get brand awareness out there. So again, it’s things like this that are, mean, you can’t do that on Instagram, you can’t do that on YouTube. These are pretty much brand new placement channels that are available to brands.

28:40
Obviously at a cost. But so for the little guy though, does it look like Facebook where you can target based on interests? Do they have like lookalikes and all that stuff? Yeah, exactly. Yeah. What we found to be the most effective is, you know, uploading a custom audience. So if you have a even a small custom list. So I think with Facebook, it’s like a thousand or so to create a lookalike with TikTok. It’s actually less. I think it’s I think it’s five hundred. Don’t quote me on it, but

29:09
You can get away with if you have a customer list or a potential customer list, you can upload it in there and it’ll actually create a lookalike. So a lot of the same targeting, the interest-based targeting I would say is probably not as advanced yet as Facebook, but that also doesn’t mean it’s bad, right? Because sometimes the less choices still opens you up to a pretty large audience.

29:36
Can we talk about like the CPM costs versus like Facebook? Yep. So what we found, it started out, I would say CPM costs were not much higher, but definitely higher than Facebook and Instagram. We’ve started to see that change over the last few months. CPM costs are definitely lower now than Facebook and Instagram from what we’ve seen. And I think that’s predominantly because of the usage now with TikTok and really

30:06
how many people are on it. So I think we’re starting to see a little bit of a change there. But yeah, I would definitely say it’s improved on the CPM side for sure. So with more people advertising though, wouldn’t it go up in price? So there’s definitely more people advertising on it. However, the, we haven’t, and I don’t, again, I can’t speak to as to why it is, but I can tell you that the CPM’s

30:36
definitely have dropped. Like for example, you one of the clients we had started TikTok ads probably six months ago. As that data has built, we started to see those CPMs drop probably, I think around 30, 40 % since start. So, you know, pretty significant. So in terms of effectiveness and costs, especially with this iOS 14, which is kind of something I wanted to touch on just a little bit. Are you finding like TikTok ads are

31:05
More cost effective?

31:08
There’s a longer ramp up period. mean, you know, I look at it in two ways. If the goal is to get conversions right out of the gate and you just need sales, I would not go the TikTok route. I just wouldn’t. On the ad side, let me practice. I would use that for organic first and then, you know, add on that, you know, once you start seeing some sales that way. I do think, however, and we’ve seen this just with some of our clients that

31:37
Once you’ve ramped up, I do believe that it is very competitive when looking at Facebook ads, for example, I think is a good kind of side-by-side comparison. So somebody getting started, would really, if you’re going to use ads, I would really try to make sure that you built a foundation with your channel first. One thing that we do that I think is a best practice, Steve, is we take UGC content that has performed well organically.

32:07
and we use that as the creative with a paid ad. And so I think it’s good to test the ad or test the content that you already know is going to perform well. We found that there’s a pretty direct correlation with if it performs more organically, usually it’s going to perform well with an ad. So perfect example, you know, when we first started running ads for this one client, the creative was incredibly overproduced, right? It was like,

32:36
something you’d see probably on Facebook or Instagram, which is super polished. And we realized like, whoa, this audience does not like that. They are not about it. So you want to create ads that mimic the widgets, the experience, the whole TikTok vibe, right? Because if you go into an ad, the first thing, if you know it’s an ad, it’s over. So you want it to look like it’s truly a piece of organic content.

33:06
And that’s really how you can win with that. So that’s just something I’ll kind of add to the table here. buddy of mine told me that all he does is he, he takes his organic hits and then he runs ads on them. Yep. That’s essentially that’s very smart. So let’s switch gears a little bit. So as a brand new owner, it sounds like you’d start out with organic Tik TOK and build it up. And then once you have some winners, maybe experiment with ads, but you said yourself that you’re probably still.

33:35
look to run Facebook and Instagram ads. So I wanted to switch gears a little bit and talk about iOS 14. I just came back from Geek Out, which is essentially a media, a conference for media buyers. And everyone has been like going nuts over the iOS 14 updates saying like the reporting is horrible. It’s like plus or minus 30%, either way. What has your experience been? So I’ve seen that brands that, you know, it’s so

34:04
segmented. I wish I had like the best golden answer for you, but it’s so weird because we manage several Facebook accounts on the ad side and some of them are affected, some of them are not. We find that e-commerce over lead gen is typically more affected. So if you’re an e-commerce, you know, all based on conversions, you’re probably seeing some weird things happening with tracking.

34:34
In terms of performance, think the brands that have been on the platform longer are seeing less effect. there’s just a lot of data already pre-existing that you can piggyback off of. If you’re a new brand and you are trying to get started with Facebook right now, especially if you’re e-commerce, man, it’s tough. It’s very tough. And I think you’ve got to be willing

35:03
to invest more right out of the gate than you would have even a year ago. So that’s at least one of the biggest things that I’ve noticed right out of the gate. And so one of the themes of the event also is people were starting to gravitate towards Google because Google isn’t really effective because it’s in the browser and not a specific app. Are you guys doing that also? Yep.

35:27
I definitely have seen that. think on the Google side, really have not seen, actually, if anything, we’ve seen improvement on our Google ads. And I think that could be the reason is, you know, we’re just, you know, there’s still more availability in terms of data to pull from versus, you know, Facebook. So yeah, I’ve absolutely seen Google really not been affected at all. Can we just comment on

35:55
Instagram and Facebook organic like you you recommended starting on tik-tok organic. What about Instagram and Facebook? It’s tough. Yeah, and that’s that’s another conversation I have very frequently with you know brands is they’re just like Why are we not seeing you know, the organic reach and that we were you know several years ago and and the reality is

36:20
It’s just not as organic platform as it used to be. I would just say that, you know, that the most organic friendly platforms right now are TikTok and LinkedIn, predominantly. YouTube, I’d say probably is in that realm as well. But Facebook and Instagram are having a tough time. And I think that’s what prompted the recent kind of call out on Instagram’s side was that, you know, you have

36:49
big time creators that are saying, I’m moving to TikTok, see you later. you see these creators that are basically cross promoting their TikTok videos on Instagram reels and Instagram’s like, no, this is not what we want. And so they actually are frowning upon anybody that posts anything with the branded TikTok watermark in your reel. So my whole thing is that if you’re gonna go the organic route with

37:18
Instagram and Facebook, really the way that we’ve seen that be successful is leveraging influencers. still think it’s a viable platform for that to really move the needle. I also still strongly believe that social media is a two-way street. So if you’re thinking that just posting is going to do the magic trick and wave the magic wand, that’s not the case. I believe in kind of that 180 strategy, really going in and

37:47
being intentional with your comments and direct messages and really treating the platform as a social collaborative platform versus just posting and hoping you’re gonna get likes and follows and eventually conversions. You mean like talking to people and stuff Alex? Like actually talking, isn’t that a weird concept? You know, it’s funny. Like I make a lot of sales just from the DMs actually, not from the posts themselves.

38:17
So what you’re saying basically is organic, especially if you’re brand new is going to be challenging. If you’re trying to build your audience organically, it sounds like TikTok, YouTube and LinkedIn, I guess, if it’s appropriate. Yeah. If you’re a B2B brand, I still think that there’s some opportunity there to really make an impact, especially, you know, if you’re being a part of the conversations. Again, it’s I’m all about reciprocity with social media. think there’s, as I keep mentioning and I

38:47
always hit it home when people ask is that, I thought all I needed to do was post. And if I have an engaging caption, I’m going to get follows and likes. it’s, for any social channel, is really not the case. You really have to dedicate time. And I think that’s a big reason why brands hire agencies like ours or hire a full staff to really manage social media, because it is a full-time job, as you know.

39:15
So one thing that I’ve noticed is that my Instagram reels have like 20X more reach than my regular posts. I am actually just taking my TikToks and putting them without the watermark, obviously on Instagram. And it seems to be working well. I think the only caveat is Instagram only allows 30 seconds, whereas TikTok allows up to a minute. So if you’re going Instagram heavy, would you recommend like just going all in on reels then? I would.

39:43
Yeah. And it seems like you know your stuff. Obviously you do. yeah, I mean, you’re exactly right. think Reels right now, I Instagram even came out and said, I believe that, you know, they’re basically the algorithm is treating Reels, you know, with a heavier weight than a standard newsfeed post. So I certainly would. think, you know, Reels, just like with TikTok is a great way to personalize the brand. So, you know, just with any platform.

40:14
try to use every single one of their components, right? Whether it’s Reels, Stories, Posts, like really try to have a strategy for each of those because I have noticed and I’m sure you have too Steve that if you really leverage all of them, the social platform will reward you. So again, just kind of having visibility across the entire platform I do think is important, but Reels right now absolutely are getting more engagement.

40:43
Do you know much about YouTube Shorts, which is again, the same competitor to TikTok? Yeah, I know it’s really, I’m seeing that it’s certainly going to trend upwards and absolutely. Yeah, I mean, I know about it enough to be dangerous, but I know that it’s still a growing platform. I haven’t had much luck with them compared to like Instagram Reels. I was just kind of curious what your take was on it. Yeah. So we were to prioritize

41:13
all of the, let’s say we’re like a small business center without a budget, right? If we’re to prioritize organic reach, it sounds like TikTok is number one. How would you rank the other platforms? So yeah, you’re exactly right. TikTok number one, Instagram number two, particularly I would say if you can leverage Instagram reels like we talked about, think, you know, that’s probably where I’d, you know, spend a good chunk of my time. Facebook, I still think for, again, if

41:43
know, if you are going to run ads, I still believe that if you’re driving traffic to your website organically, it’s never a bad idea to have some money just for retargeting. know, so if you’re, let’s say, TikTok, you’re crushing it, you’re posting daily, Instagram reels, you’ve got moving, that is naturally going to start driving some site traffic. And I think that’s, you know, if you are going to, you know, start launching ads, even on a shoestring budget,

42:12
I think having, you know, even as little as 10 bucks a day just in retargeting, um, is, not a bad idea with Facebook ads. So I would kind of put that as maybe number three or maybe even tied with two. I do think if you can leverage YouTube and you really have the time and energy to put into that channel and grow it, I think there’s that would probably be the latter on my list. Um, but at the same token is still a very viable channel.

42:41
if you are willing to collaborate with other YouTubers and really, you know, put the time and energy that’s needed. As I’m sure you know, Steve, it takes a while to really, really grow a YouTube channel successfully, but that would probably be my order for somebody who’s really just getting started. My order is a little different. I think I would put TikTok and YouTube up front and you can just, you know, argue with me if you want YouTube. Like if you get some traction and some traffic,

43:10
It’s almost like, it’s very steady. Like it doesn’t go away after like three days, like Instagram. I almost feel like with Instagram and Facebook, you have to constantly be posting. Whereas if you hit something big on YouTube, you can reap the rewards for a very long time. And similar with TikTok, I feel like I have some of these hits that last for like a month or more. I would actually not argue with you. I would definitely agree with you. I think that it also depends on, as I’m sure you know,

43:39
With YouTube, think the quickest way to success is if your video content answers a commonly asked question or is really at the forefront. Like I look at YouTube as an SEO play more than anything. Right. And I think as you mentioned, you know, it lives there forever. Right. And if you start like, for example, some of our YouTube strategy, as I’m sure with you is to like look up trends, like use BuzzSumo and these other platforms to see like what’s what’s going on in my industry.

44:08
And how can I create content around that that I know is naturally going to drive traffic? And so I would absolutely agree with you a hundred percent. Okay. All right. So Alex, let’s, let’s sum this up. Okay. So we, so we talked about Tik TOK. Uh, where does Snapchat and Twitter kind of fall into this? Do are those platforms just not really good for e-commerce brands? I don’t think so. Okay.

44:34
I think there might be an argument to be made for Snapchat still, but with Twitter for an e-commerce brand, have not, let’s just put it this way, we have not seen much success with it. Okay. Yeah. And if people need help along these lines, can you just talk briefly about what services you offer and where people can find you online? Absolutely. So, uh, you can go to RossmanMedia.com.

45:00
And, you know, as I mentioned kind of early on, we truly are a social media agency. This is what we live and breathe. We really make an effort to stay ahead of the trends and see what’s going on and ways that we can really, you know, impact businesses. If you are, you know, an e-commerce brand, direct consumer, consumer product goods, you know, something of that sort, I think we could probably help you and find a solution that could really, you know, help either whether you’re

45:30
just on the ground level or look into scale, we could find an option for you. You know, we specialize in everything from social media management to paid social influencer marketing and really building out creative in a way that is really social kind of bite size content that we know would resonate. So that’s where you can check me out. But, okay. Can you comment on like the size of businesses you work with? Just curious. Yeah. So we.

45:57
We’re selective with the startups we work with. We really have to believe in the brands that we invest in. So I will say that if you are a small startup business, we look at it as really a truly invested partner to help get you to that next level because it does take a lot of time. If you are kind of mid to large size, obviously again, we’re selective, but if the budget’s there, we can certainly find a way typically to help scale.

46:26
The majority of our clients kind of fall within the mid to large size. Right. However, just as of late, we’ve really made an effort to work with startups who are really driven and have the budget to take it to the next level. Cool. Well, Alex, really appreciate your time. I’m so glad I met you on that random small business trend panel that we’re both on. I know it’s so funny how that works and, you know, keep doing what you’re doing. I love, you know, following your content and I

46:56
totally echo that and I’m so glad we got introduced and it’s been a pleasure. Cool, well take care Alex. All right man, thank you. Hope you enjoyed that episode. E-commerce changes so fast and so does social media. You kind of have to ride the wave while it lasts and take action immediately. For more information about this episode, go to mywifecluderjob.com slash episode 377. And once again, I want to thank Postscript, which is my SMS marketing platform of choice for e-commerce.

47:24
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 postscoop.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.

47:52
So head on over to mywifequitterjob.com slash KLAVIYO. Once again, that’s mywifequitterjob.com slash KLAVIYO. 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.

I Need Your Help

If you enjoyed listening to this podcast, then please support me with a review on Apple Podcasts. It's easy and takes 1 minute! Just click here to head to Apple Podcasts and leave an honest rating and review of the podcast. Every review helps!

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!